T-Shift consulting: 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-Shift consulting
Largest movements
- Receivables within one year +€170,020
up €170,020 (+1261.3%), from €13,480 to €183,500
of which Other amounts receivable: +€154,460
- Cash -€75,883
down €75,883 (-50.5%), from €150,173 to €74,290
mainly Receivables within one year (-€170,020) and Other debts (-€16,306)
- Tangible fixed assets -€11,294
down €11,294 (-42.7%), from €26,463 to €15,169
- Reserves +€57,265
up €57,265 (+56.3%), from €101,735 to €159,000
- Debts after one year +€26,402
up €26,402 (+130.5%), from €20,236 to €46,638
- Other debts -€16,306
no longer reported in 2025 (was €16,306)
- Current portion of long-term debt +€9,930
up €9,930 (+111.4%), from €8,916 to €18,845
- Trade debts +€2,972
up €2,972 (+59.5%), from €4,993 to €7,965
No income-statement line moved by more than 1% of the activity.
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,116 | €272,959 | +€82,843 | +43.6% |
| Fixed assets | 21/28 | €26,463 | €15,169 | -€11,294 | -42.7% |
| Tangible fixed assets | 22/27 | €26,463 | €15,169 | -€11,294 | -42.7% |
| Furniture and vehicles | 24 | €26,463 | €15,169 | -€11,294 | -42.7% |
| Current assets | 29/58 | €163,653 | €257,790 | +€94,137 | +57.5% |
| Amounts receivable within one year | 40/41 | €13,480 | €183,500 | +€170,020 | +1261.3% |
| Trade receivables | 40 | €13,480 | €29,040 | +€15,560 | +115.4% |
| Other amounts receivable | 41 | - | €154,460 | +€154,460 | |
| Cash at bank and in hand | 54/58 | €150,173 | €74,290 | -€75,883 | -50.5% |
| Total equity and liabilities | 10/49 | €190,116 | €272,959 | +€82,843 | +43.6% |
| Equity | 10/15 | €102,735 | €160,000 | +€57,265 | +55.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €101,735 | €159,000 | +€57,265 | +56.3% |
| Distributable reserves | 133 | €101,735 | €159,000 | +€57,265 | +56.3% |
| Amounts payable | 17/49 | €87,381 | €112,959 | +€25,579 | +29.3% |
| Amounts payable after more than one year | 17 | €20,236 | €46,638 | +€26,402 | +130.5% |
| Financial debts | 170/4 | €20,236 | €46,638 | +€26,402 | +130.5% |
| Amounts payable within one year | 42/48 | €67,145 | €66,239 | -€905 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €8,916 | €18,845 | +€9,930 | +111.4% |
| Trade debts | 44 | €4,993 | €7,965 | +€2,972 | +59.5% |
| Suppliers | 440/4 | €4,993 | €7,965 | +€2,972 | +59.5% |
| Taxes, remuneration and social security | 45 | €36,930 | €39,429 | +€2,499 | +6.8% |
| Taxes | 450/3 | €36,930 | €39,429 | +€2,499 | +6.8% |
| Other amounts payable | 47/48 | €16,306 | - | -€16,306 | |
| Accrued charges and deferred income | 492/3 | - | €82 | +€82 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,898 | €12,953 | +€54 | +0.4% |
| Other operating charges | 640/8 | €320 | €583 | +€263 | +82.2% |
| Gross operating margin | 9900 | €87,246 | €87,926 | +€680 | +0.8% |
| Operating profit (loss) | 9901 | €74,028 | €74,391 | +€363 | +0.5% |
| Financial charges | 65/66B | €1,109 | €1,595 | +€486 | +43.8% |
| Recurring financial charges | 65 | €1,109 | €1,595 | +€486 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €72,919 | €72,796 | -€123 | -0.2% |
| Income taxes | 67/77 | €15,542 | €15,531 | -€11 | -0.1% |
| Profit (loss) for the period | 9904 | €57,377 | €57,265 | -€112 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,377 | €57,265 | -€112 | -0.2% |
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 5 October 2026 via checked.be.