T&S Projects: what changed
Two financial 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
- Receivables within one year -€16,493
down €16,493 (-82.6%), from €19,959 to €3,466
of which Trade receivables: -€12,251
- Tangible fixed assets -€5,547
down €5,547 (-42.2%), from €13,152 to €7,605
of which Furniture and vehicles: -€4,973
- Cash -€991
down €991 (-9.4%), from €10,482 to €9,492
mainly Net result for the year (-€12,627) and Other debts (-€4,900)
- Profit (loss) carried forward -€12,627
down €12,627 (-310%), from -€4,078 to -€16,705
- Other debts -€4,900
down €4,900 (-57.6%), from €8,500 to €3,600
- Reserves -€3,600
down €3,600 (-12.6%), from €28,623 to €25,023
- Tax, wage and social debts -€2,050
down €2,050 (-55.5%), from €3,690 to €1,641
- Current portion of long-term debt -€477
no longer reported in 2025 (was €477)
- Gross operating margin -€21,946
down €21,946, from €18,244 to -€3,702
- Taxes -€1,003
down €1,003 (-75.9%), from €1,322 to €319
- Financial income -€651
down €651 (-68.5%), from €950 to €299
From the 2024 result to the 2025 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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,287 | €20,894 | -€23,393 | -52.8% |
| Fixed assets | 21/28 | €13,152 | €7,605 | -€5,547 | -42.2% |
| Tangible fixed assets | 22/27 | €13,152 | €7,605 | -€5,547 | -42.2% |
| Plant, machinery and equipment | 23 | €1,576 | €1,002 | -€575 | -36.5% |
| Furniture and vehicles | 24 | €11,576 | €6,603 | -€4,973 | -43.0% |
| Current assets | 29/58 | €31,134 | €13,289 | -€17,845 | -57.3% |
| Amounts receivable within one year | 40/41 | €19,959 | €3,466 | -€16,493 | -82.6% |
| Trade receivables | 40 | €12,251 | - | -€12,251 | |
| Other amounts receivable | 41 | €7,707 | €3,466 | -€4,241 | -55.0% |
| Cash at bank and in hand | 54/58 | €10,482 | €9,492 | -€991 | -9.4% |
| Deferred charges and accrued income | 490/1 | €693 | €331 | -€362 | -52.2% |
| Total equity and liabilities | 10/49 | €44,287 | €20,894 | -€23,393 | -52.8% |
| Equity | 10/15 | €29,545 | €13,317 | -€16,227 | -54.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,623 | €25,023 | -€3,600 | -12.6% |
| Distributable reserves | 133 | €28,623 | €25,023 | -€3,600 | -12.6% |
| Profit (loss) carried forward | 14 | -€4,078 | -€16,705 | -€12,627 | -310% |
| Amounts payable | 17/49 | €14,742 | €7,577 | -€7,165 | -48.6% |
| Amounts payable within one year | 42/48 | €13,217 | €5,965 | -€7,252 | -54.9% |
| Current portion of amounts payable after more than one year | 42 | €477 | - | -€477 | |
| Trade debts | 44 | €550 | €724 | +€174 | +31.7% |
| Suppliers | 440/4 | €550 | €724 | +€174 | +31.7% |
| Taxes, remuneration and social security | 45 | €3,690 | €1,641 | -€2,050 | -55.5% |
| Taxes | 450/3 | €3,690 | €1,641 | -€2,050 | -55.5% |
| Other amounts payable | 47/48 | €8,500 | €3,600 | -€4,900 | -57.6% |
| Accrued charges and deferred income | 492/3 | €1,525 | €1,612 | +€87 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,532 | €7,712 | +€180 | +2.4% |
| Other operating charges | 640/8 | €1,096 | €1,121 | +€25 | +2.2% |
| Gross operating margin | 9900 | €18,244 | -€3,702 | -€21,946 | |
| Operating profit (loss) | 9901 | €9,615 | -€12,535 | -€22,150 | |
| Financial income | 75/76B | €950 | €299 | -€651 | -68.5% |
| Recurring financial income | 75 | €950 | €299 | -€651 | -68.5% |
| Financial charges | 65/66B | €211 | €73 | -€139 | -65.7% |
| Recurring financial charges | 65 | €211 | €73 | -€139 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €10,354 | -€12,309 | -€22,663 | |
| Income taxes | 67/77 | €1,322 | €319 | -€1,003 | -75.9% |
| Profit (loss) for the period | 9904 | €9,032 | -€12,627 | -€21,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,032 | -€12,627 | -€21,660 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.