T&S Team: 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 Team
Largest movements
- Cash +€16,306
up €16,306 (+89.0%), from €18,317 to €34,624
mainly Receivables within one year (+€14,222) and Depreciation (+€11,481)
- Receivables within one year -€14,222
down €14,222 (-31.7%), from €44,902 to €30,679
of which Trade receivables: -€15,318
- Tangible fixed assets +€5,158
up €5,158 (+20.2%), from €25,549 to €30,707
of which Other tangible fixed assets: +€16,220
- Deferred charges and accrued income +€2,584
up €2,584 (+108%), from €2,385 to €4,969
- Profit (loss) carried forward +€37,810
up €37,810, from -€37,810 to €0
- Reserves -€33,601
down €33,601 (-39.7%), from €84,735 to €51,134
of which Distributable reserves: -€33,501
- Current portion of long-term debt +€6,767
up €6,767 (+91.8%), from €7,369 to €14,136
- Tax, wage and social debts -€6,372
down €6,372 (-22.1%), from €28,801 to €22,429
of which Remuneration and social security: -€5,960
- Other debts +€4,763
up €4,763, from €0 to €4,763
- Gross operating margin -€7,823
down €7,823 (-2.2%), from €352,709 to €344,886
- Staff costs -€4,434
down €4,434 (-1.3%), from €331,238 to €326,804
- Depreciation -€3,920
down €3,920 (-25.5%), from €15,401 to €11,481
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 | €105,152 | €114,979 | +€9,827 | +9.3% |
| Fixed assets | 21/28 | €25,549 | €30,707 | +€5,158 | +20.2% |
| Tangible fixed assets | 22/27 | €25,549 | €30,707 | +€5,158 | +20.2% |
| Plant, machinery and equipment | 23 | €1,715 | €626 | -€1,088 | -63.5% |
| Furniture and vehicles | 24 | €2,552 | €409 | -€2,143 | -84.0% |
| Leasing and similar rights | 25 | €21,282 | €13,451 | -€7,831 | -36.8% |
| Other tangible fixed assets | 26 | - | €16,220 | +€16,220 | |
| Current assets | 29/58 | €79,604 | €84,272 | +€4,668 | +5.9% |
| Amounts receivable after more than one year | 29 | €14,000 | €14,000 | = | 0.0% |
| Other amounts receivable | 291 | €14,000 | €14,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,902 | €30,679 | -€14,222 | -31.7% |
| Trade receivables | 40 | €41,907 | €26,590 | -€15,318 | -36.6% |
| Other amounts receivable | 41 | €2,994 | €4,090 | +€1,095 | +36.6% |
| Cash at bank and in hand | 54/58 | €18,317 | €34,624 | +€16,306 | +89.0% |
| Deferred charges and accrued income | 490/1 | €2,385 | €4,969 | +€2,584 | +108% |
| Total equity and liabilities | 10/49 | €105,152 | €114,979 | +€9,827 | +9.3% |
| Equity | 10/15 | €47,925 | €52,134 | +€4,209 | +8.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €84,735 | €51,134 | -€33,601 | -39.7% |
| Non-distributable reserves | 130/1 | €100 | €0 | -€100 | -100% |
| Reserves not available under the articles | 1311 | €100 | €0 | -€100 | -100% |
| Distributable reserves | 133 | €84,635 | €51,134 | -€33,501 | -39.6% |
| Profit (loss) carried forward | 14 | -€37,810 | €0 | +€37,810 | |
| Amounts payable | 17/49 | €57,227 | €62,845 | +€5,618 | +9.8% |
| Amounts payable after more than one year | 17 | €14,662 | €17,504 | +€2,841 | +19.4% |
| Financial debts | 170/4 | €14,662 | €17,504 | +€2,841 | +19.4% |
| Amounts payable within one year | 42/48 | €42,565 | €45,341 | +€2,776 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €7,369 | €14,136 | +€6,767 | +91.8% |
| Trade debts | 44 | €6,394 | €4,012 | -€2,382 | -37.3% |
| Suppliers | 440/4 | €6,394 | €4,012 | -€2,382 | -37.3% |
| Taxes, remuneration and social security | 45 | €28,801 | €22,429 | -€6,372 | -22.1% |
| Taxes | 450/3 | €588 | €176 | -€412 | -70.0% |
| Remuneration and social security | 454/9 | €28,213 | €22,253 | -€5,960 | -21.1% |
| Other amounts payable | 47/48 | €0 | €4,763 | +€4,763 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €716 | €0 | -€716 | -100% |
| Remuneration, social security and pensions | 62 | €331,238 | €326,804 | -€4,434 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,401 | €11,481 | -€3,920 | -25.5% |
| Other operating charges | 640/8 | €4,034 | €1,770 | -€2,264 | -56.1% |
| Gross operating margin | 9900 | €352,709 | €344,886 | -€7,823 | -2.2% |
| Operating profit (loss) | 9901 | €2,036 | €4,831 | +€2,795 | +137% |
| Financial income | 75/76B | €293 | €1,488 | +€1,195 | +408% |
| Recurring financial income | 75 | €293 | €1,488 | +€1,195 | +408% |
| Financial charges | 65/66B | €1,693 | €1,928 | +€235 | +13.9% |
| Recurring financial charges | 65 | €1,693 | €1,928 | +€235 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €635 | €4,391 | +€3,755 | +591% |
| Income taxes | 67/77 | €316 | €182 | -€135 | -42.5% |
| Profit (loss) for the period | 9904 | €319 | €4,209 | +€3,890 | +1,219% |
| Profit (loss) for the period to be appropriated | 9905 | €319 | €4,209 | +€3,890 | +1,219% |
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 22 October 2026 via checked.be.