T'SAS: 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.
What changed
T'SAS
NACE 46.319, Wholesale of fruit and vegetables, excluding potatoes
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€18,230
2024 · €352,609-€334,379
Equity
€2.2m
2024 · €2.2m+€18,230
Cash
€1.2m
2024 · €1.5m-€283,559
Balance sheet total
€6.4m
2024 · €7.2m-€729,595
Largest movements
Assets
- Receivables within one year -€626,590
down €626,590 (-28.7%), from €2.2m to €1.6m
of which Trade receivables: -€732,780
- Cash -€283,559
down €283,559 (-19.3%), from €1.5m to €1.2m
mainly Investment in fixed assets (net) (-€595,016) and Other debts (-€526,830)
- Tangible fixed assets +€241,209
up €241,209 (+7.5%), from €3.2m to €3.5m
of which Furniture and vehicles: +€272,763
Equity and liabilities
- Other debts -€526,830
down €526,830 (-25.8%), from €2.0m to €1.5m
- Tax, wage and social debts -€102,013
down €102,013 (-28.1%), from €362,536 to €260,523
of which Remuneration and social security: -€54,478
- Debts after one year -€88,777
down €88,777 (-8.0%), from €1.1m to €1.0m
- Trade debts -€73,112
down €73,112 (-7.9%), from €920,662 to €847,550
Income statement
- Turnover -€2.2m
down €2.2m (-17.3%), from €13.0m to €10.7m
- Goods and materials -€1.5m
down €1.5m (-17.5%), from €8.6m to €7.1m
of which Purchases: -€1.6m
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.
Result 2024
€352,609
Turnover
-€2.2m
Other operating income
+€97,657
Goods and materials
+€1.5m
Services and other goods
+€103,207
Staff costs
-€16,247
Depreciation
-€18,408
Write-downs
+€10,511
Other operating charges
+€87,860
Other operating items
-€90,587
Financial income
+€49,095
Financial charges
+€84,526
Taxes
+€99,571
Result 2025
€18,230
Cash bridge derived
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.
From operations
+€331,445
Investment
-€595,016
Financing
-€19,989
Cash 2024
€1.5m
From operations (derived)
+€331,445
Net result for the year
+€18,230
Depreciation
+€399,261
Stocks and contracts
+€32,866
Receivables within one year
+€626,590
Deferred charges and accrued income
-€17,666
Provisions
-€16,160
Trade debts
-€73,112
Tax, wage and social debts
-€102,013
Other debts
-€526,830
Accrued charges and deferred income
-€9,721
Investment (derived)
-€595,016
Investment in fixed assets (net)
-€595,016
Financing
-€19,989
Debts after one year
-€88,777
Current portion of long-term debt
+€34,651
Short-term financial debts
+€34,136
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,155,035 | €6,425,440 | -€729,595 | -10.2% |
| Formation expenses | 20 | €51,270 | €19,815 | -€31,455 | -61.4% |
| Fixed assets | 21/28 | €3,237,539 | €3,464,749 | +€227,209 | +7.0% |
| Intangible fixed assets | 21 | €20,942 | €6,942 | -€14,000 | -66.8% |
| Tangible fixed assets | 22/27 | €3,216,086 | €3,457,295 | +€241,209 | +7.5% |
| Land and buildings | 22 | €2,569,764 | €2,450,075 | -€119,690 | -4.7% |
| Plant, machinery and equipment | 23 | €10,853 | €20,418 | +€9,565 | +88.1% |
| Furniture and vehicles | 24 | €313,224 | €585,988 | +€272,763 | +87.1% |
| Leasing and similar rights | 25 | €304,573 | €400,815 | +€96,242 | +31.6% |
| Assets under construction and advance payments | 27 | €17,672 | - | -€17,672 | |
| Financial fixed assets | 28 | €511 | €511 | = | 0.0% |
| Other financial fixed assets | 284/8 | €511 | €511 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €511 | €511 | = | 0.0% |
| Current assets | 29/58 | €3,866,226 | €2,940,877 | -€925,349 | -23.9% |
| Stocks and contracts in progress | 3 | €209,189 | €176,323 | -€32,866 | -15.7% |
| Stocks | 30/36 | €209,189 | €176,323 | -€32,866 | -15.7% |
| Goods purchased for resale | 34 | €209,189 | €176,323 | -€32,866 | -15.7% |
| Amounts receivable within one year | 40/41 | €2,182,176 | €1,555,586 | -€626,590 | -28.7% |
| Trade receivables | 40 | €2,110,207 | €1,377,427 | -€732,780 | -34.7% |
| Other amounts receivable | 41 | €71,969 | €178,159 | +€106,190 | +147.5% |
| Cash at bank and in hand | 54/58 | €1,469,690 | €1,186,131 | -€283,559 | -19.3% |
| Deferred charges and accrued income | 490/1 | €5,171 | €22,837 | +€17,666 | +341.6% |
| Total equity and liabilities | 10/49 | €7,155,035 | €6,425,440 | -€729,595 | -10.2% |
| Equity | 10/15 | €2,221,624 | €2,239,853 | +€18,230 | +0.8% |
| Contributions | 10/11 | €960,639 | €960,639 | = | 0.0% |
| Capital | 10 | €960,639 | €960,639 | = | 0.0% |
| Issued capital | 100 | €960,639 | €960,639 | = | 0.0% |
| Reserves | 13 | €1,260,985 | €1,279,215 | +€18,230 | +1.4% |
| Non-distributable reserves | 130/1 | €96,064 | €96,064 | = | 0.0% |
| Legal reserve | 130 | €96,064 | €96,064 | = | 0.0% |
| Tax-exempt reserves | 132 | €575,503 | €527,023 | -€48,479 | -8.4% |
| Distributable reserves | 133 | €589,418 | €656,127 | +€66,709 | +11.3% |
| Provisions and deferred taxes | 16 | €264,804 | €248,644 | -€16,160 | -6.1% |
| Deferred taxes | 168 | €264,804 | €248,644 | -€16,160 | -6.1% |
| Amounts payable | 17/49 | €4,668,608 | €3,936,943 | -€731,665 | -15.7% |
| Amounts payable after more than one year | 17 | €1,103,385 | €1,014,609 | -€88,777 | -8.0% |
| Financial debts | 170/4 | €1,103,385 | €1,014,609 | -€88,777 | -8.0% |
| Leasing and similar obligations | 172 | €186,212 | €225,997 | +€39,785 | +21.4% |
| Credit institutions | 173 | €917,173 | €788,611 | -€128,562 | -14.0% |
| Amounts payable within one year | 42/48 | €3,526,599 | €2,893,432 | -€633,167 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €198,859 | €233,511 | +€34,651 | +17.4% |
| Financial debts | 43 | - | €34,136 | +€34,136 | |
| Credit institutions | 430/8 | - | €34,136 | +€34,136 | |
| Trade debts | 44 | €920,662 | €847,550 | -€73,112 | -7.9% |
| Suppliers | 440/4 | €920,662 | €847,550 | -€73,112 | -7.9% |
| Taxes, remuneration and social security | 45 | €362,536 | €260,523 | -€102,013 | -28.1% |
| Taxes | 450/3 | €84,737 | €37,201 | -€47,535 | -56.1% |
| Remuneration and social security | 454/9 | €277,800 | €223,321 | -€54,478 | -19.6% |
| Other amounts payable | 47/48 | €2,044,541 | €1,517,712 | -€526,830 | -25.8% |
| Accrued charges and deferred income | 492/3 | €38,624 | €28,903 | -€9,721 | -25.2% |
| Operating income | 70/76A | €13,139,367 | €10,897,554 | -€2.2m | -17.1% |
| Turnover | 70 | €12,990,292 | €10,741,408 | -€2.2m | -17.3% |
| Other operating income | 74 | €56,836 | €154,493 | +€97,657 | +171.8% |
| Non-recurring operating income | 76A | €92,240 | €1,653 | -€90,587 | -98.2% |
| Operating charges | 60/66A | €12,491,837 | €10,817,594 | -€1.7m | -13.4% |
| Goods for resale, raw materials and consumables | 60 | €8,598,198 | €7,090,877 | -€1.5m | -17.5% |
| Purchases | 600/8 | €8,658,857 | €7,058,011 | -€1.6m | -18.5% |
| Change in stocks: decrease (increase) | 609 | -€60,659 | €32,866 | +€93,525 | |
| Services and other goods | 61 | €1,471,162 | €1,367,955 | -€103,207 | -7.0% |
| Remuneration, social security and pensions | 62 | €1,822,782 | €1,839,029 | +€16,247 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380,853 | €399,261 | +€18,408 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,696 | €5,185 | -€10,511 | -67.0% |
| Other operating charges | 640/8 | €203,147 | €115,287 | -€87,860 | -43.2% |
| Operating profit (loss) | 9901 | €647,530 | €79,960 | -€567,570 | -87.7% |
| Financial income | 75/76B | €30,466 | €79,561 | +€49,095 | +161.1% |
| Recurring financial income | 75 | €30,466 | €10,567 | -€19,899 | -65.3% |
| Income from current assets | 751 | €6,318 | - | -€6,318 | |
| Other financial income | 752/9 | €24,148 | €10,567 | -€13,581 | -56.2% |
| Non-recurring financial income | 76B | - | €68,994 | +€68,994 | |
| Financial charges | 65/66B | €198,040 | €113,515 | -€84,526 | -42.7% |
| Recurring financial charges | 65 | €198,040 | €113,515 | -€84,526 | -42.7% |
| Debt charges | 650 | €178,200 | €106,899 | -€71,301 | -40.0% |
| Other financial charges | 652/9 | €19,840 | €6,615 | -€13,225 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €479,956 | €46,006 | -€433,950 | -90.4% |
| Transfer from deferred taxes | 780 | €16,160 | €16,160 | = | 0.0% |
| Income taxes | 67/77 | €143,507 | €43,936 | -€99,571 | -69.4% |
| Taxes | 670/3 | €143,507 | €43,936 | -€99,571 | -69.4% |
| Profit (loss) for the period | 9904 | €352,609 | €18,230 | -€334,379 | -94.8% |
| Transfer from tax-exempt reserves | 789 | €48,479 | €48,479 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €401,088 | €66,709 | -€334,379 | -83.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.