T & S Services: 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 Services
Largest movements
- Tangible fixed assets +€52,887
up €52,887 (+36.0%), from €146,907 to €199,794
of which Plant, machinery and equipment: +€74,347
- Cash +€32,004
up €32,004 (+170%), from €18,814 to €50,818
mainly Net result for the year (+€64,688) and Depreciation (+€58,824)
- Receivables within one year -€7,268
down €7,268 (-11.6%), from €62,453 to €55,185
of which Other amounts receivable: -€23,155
- Reserves +€65,000
up €65,000 (+45.4%), from €143,175 to €208,175
of which Distributable reserves: +€65,000
- Tax, wage and social debts +€20,620
up €20,620 (+866%), from €2,380 to €23,000
of which Taxes: +€22,850
- Accrued charges and deferred income -€15,425
no longer reported in 2025 (was €15,425)
- Trade debts -€8,016
down €8,016 (-38.8%), from €20,680 to €12,664
- Debts after one year +€7,311
up €7,311 (+233%), from €3,138 to €10,448
- Gross operating margin +€98,859
up €98,859 (+55.5%), from €178,017 to €276,876
- Depreciation +€17,234
up €17,234 (+41.4%), from €41,590 to €58,824
- Taxes +€15,844
up €15,844 (+257%), from €6,156 to €22,000
- Staff costs +€15,087
up €15,087 (+14.8%), from €101,840 to €116,927
- Other operating charges +€3,132
up €3,132 (+30.0%), from €10,430 to €13,562
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 | €245,122 | €324,815 | +€79,693 | +32.5% |
| Fixed assets | 21/28 | €149,696 | €202,718 | +€53,022 | +35.4% |
| Tangible fixed assets | 22/27 | €146,907 | €199,794 | +€52,887 | +36.0% |
| Land and buildings | 22 | €8,000 | €8,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €70,797 | €145,144 | +€74,347 | +105% |
| Furniture and vehicles | 24 | €68,111 | €46,650 | -€21,461 | -31.5% |
| Financial fixed assets | 28 | €2,789 | €2,924 | +€135 | +4.8% |
| Current assets | 29/58 | €95,426 | €122,097 | +€26,671 | +27.9% |
| Amounts receivable within one year | 40/41 | €62,453 | €55,185 | -€7,268 | -11.6% |
| Trade receivables | 40 | €36,498 | €52,385 | +€15,887 | +43.5% |
| Other amounts receivable | 41 | €25,955 | €2,800 | -€23,155 | -89.2% |
| Cash at bank and in hand | 54/58 | €18,814 | €50,818 | +€32,004 | +170% |
| Deferred charges and accrued income | 490/1 | €14,159 | €16,093 | +€1,934 | +13.7% |
| Total equity and liabilities | 10/49 | €245,122 | €324,815 | +€79,693 | +32.5% |
| Equity | 10/15 | €162,301 | €226,989 | +€64,688 | +39.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,175 | €208,175 | +€65,000 | +45.4% |
| Tax-exempt reserves | 132 | €6,175 | €6,175 | = | 0.0% |
| Distributable reserves | 133 | €137,000 | €202,000 | +€65,000 | +47.4% |
| Profit (loss) carried forward | 14 | €526 | €214 | -€312 | -59.3% |
| Amounts payable | 17/49 | €82,822 | €97,826 | +€15,005 | +18.1% |
| Amounts payable after more than one year | 17 | €3,138 | €10,448 | +€7,311 | +233% |
| Financial debts | 170/4 | €3,138 | €10,448 | +€7,311 | +233% |
| Amounts payable within one year | 42/48 | €64,259 | €87,378 | +€23,119 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €1,337 | €5,048 | +€3,711 | +277% |
| Trade debts | 44 | €20,680 | €12,664 | -€8,016 | -38.8% |
| Suppliers | 440/4 | €20,680 | €12,664 | -€8,016 | -38.8% |
| Taxes, remuneration and social security | 45 | €2,380 | €23,000 | +€20,620 | +866% |
| Taxes | 450/3 | €150 | €23,000 | +€22,850 | +15,233% |
| Remuneration and social security | 454/9 | €2,230 | - | -€2,230 | |
| Other amounts payable | 47/48 | €39,862 | €46,666 | +€6,804 | +17.1% |
| Accrued charges and deferred income | 492/3 | €15,425 | - | -€15,425 | |
| Remuneration, social security and pensions | 62 | €101,840 | €116,927 | +€15,087 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,590 | €58,824 | +€17,234 | +41.4% |
| Other operating charges | 640/8 | €10,430 | €13,562 | +€3,132 | +30.0% |
| Gross operating margin | 9900 | €178,017 | €276,876 | +€98,859 | +55.5% |
| Operating profit (loss) | 9901 | €24,158 | €87,565 | +€63,407 | +262% |
| Financial income | 75/76B | €290 | €558 | +€269 | +92.8% |
| Recurring financial income | 75 | €290 | €558 | +€269 | +92.8% |
| Financial charges | 65/66B | €926 | €1,435 | +€510 | +55.0% |
| Recurring financial charges | 65 | €926 | €1,435 | +€510 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | €23,522 | €86,688 | +€63,166 | +269% |
| Income taxes | 67/77 | €6,156 | €22,000 | +€15,844 | +257% |
| Profit (loss) for the period | 9904 | €17,366 | €64,688 | +€47,322 | +273% |
| Profit (loss) for the period to be appropriated | 9905 | €17,366 | €64,688 | +€47,322 | +273% |
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 18 October 2026 via checked.be.