T.S. Projects: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
T.S. Projects
Largest movements
- Cash -€8,451
down €8,451 (-34.6%), from €24,437 to €15,986
mainly Trade debts (-€13,282) and Tax, wage and social debts (-€619)
- Receivables within one year -€2,996
down €2,996 (-25.1%), from €11,932 to €8,936
of which Trade receivables: -€2,996
- Stocks and contracts -€1,000
down €1,000 (-33.3%), from €3,000 to €2,000
- Trade debts -€13,282
down €13,282 (-62.2%), from €21,348 to €8,066
- Profit (loss) carried forward +€1,054
up €1,054 (+12.7%), from -€8,322 to -€7,268
- Tax, wage and social debts -€619
down €619 (-47.9%), from €1,292 to €672
- Accrued charges and deferred income +€400
up €400, from €0 to €400
- Gross operating margin +€2,728
up €2,728, from -€919 to €1,809
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,369 | €26,922 | -€12,447 | -31.6% |
| Current assets | 29/58 | €39,369 | €26,922 | -€12,447 | -31.6% |
| Stocks and contracts in progress | 3 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Stocks | 30/36 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €11,932 | €8,936 | -€2,996 | -25.1% |
| Trade receivables | 40 | €11,932 | €8,936 | -€2,996 | -25.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €24,437 | €15,986 | -€8,451 | -34.6% |
| Total equity and liabilities | 10/49 | €39,369 | €26,922 | -€12,447 | -31.6% |
| Equity | 10/15 | €15,473 | €16,528 | +€1,054 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,195 | €5,195 | = | 0.0% |
| Distributable reserves | 133 | €5,195 | €5,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,322 | -€7,268 | +€1,054 | +12.7% |
| Amounts payable | 17/49 | €23,895 | €10,394 | -€13,501 | -56.5% |
| Amounts payable within one year | 42/48 | €23,895 | €9,994 | -€13,901 | -58.2% |
| Trade debts | 44 | €21,348 | €8,066 | -€13,282 | -62.2% |
| Suppliers | 440/4 | €21,348 | €8,066 | -€13,282 | -62.2% |
| Taxes, remuneration and social security | 45 | €1,292 | €672 | -€619 | -47.9% |
| Taxes | 450/3 | €1,292 | €672 | -€619 | -47.9% |
| Other amounts payable | 47/48 | €1,256 | €1,256 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €400 | +€400 | |
| Other operating charges | 640/8 | €499 | €512 | +€12 | +2.5% |
| Gross operating margin | 9900 | -€919 | €1,809 | +€2,728 | |
| Operating profit (loss) | 9901 | -€1,418 | €1,297 | +€2,715 | |
| Financial charges | 65/66B | €231 | €242 | +€11 | +4.9% |
| Recurring financial charges | 65 | €231 | €242 | +€11 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,649 | €1,054 | +€2,704 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,649 | €1,054 | +€2,704 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,649 | €1,054 | +€2,704 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.