TBSC: 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.
TBSC
Largest movements
- Receivables within one year -€14,522
down €14,522 (-15.0%), from €96,683 to €82,161
of which Trade receivables: -€17,188
- Cash -€7,592
down €7,592 (-64.1%), from €11,838 to €4,246
mainly Tax, wage and social debts (-€12,794) and Current portion of long-term debt (-€8,185)
- Tangible fixed assets -€1,440
down €1,440 (-49.6%), from €2,902 to €1,462
of which Plant, machinery and equipment: -€1,211
- Tax, wage and social debts -€12,794
down €12,794 (-88.5%), from €14,451 to €1,657
- Current portion of long-term debt -€8,185
no longer reported in 2025 (was €8,185)
- Other debts -€4,227
down €4,227 (-61.1%), from €6,921 to €2,694
- Gross operating margin -€32,826
down €32,826 (-91.8%), from €35,751 to €2,925
- Taxes -€9,275
down €9,275 (-92.5%), from €10,023 to €748
- Other operating charges -€8,120
down €8,120 (-94.8%), from €8,569 to €449
- Depreciation -€4,113
down €4,113 (-74.1%), from €5,552 to €1,440
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 | €111,531 | €87,886 | -€23,645 | -21.2% |
| Fixed assets | 21/28 | €2,902 | €1,462 | -€1,440 | -49.6% |
| Tangible fixed assets | 22/27 | €2,902 | €1,462 | -€1,440 | -49.6% |
| Plant, machinery and equipment | 23 | €2,445 | €1,234 | -€1,211 | -49.5% |
| Furniture and vehicles | 24 | €457 | €229 | -€229 | -50.0% |
| Current assets | 29/58 | €108,629 | €86,424 | -€22,205 | -20.4% |
| Amounts receivable within one year | 40/41 | €96,683 | €82,161 | -€14,522 | -15.0% |
| Trade receivables | 40 | €83,827 | €66,640 | -€17,188 | -20.5% |
| Other amounts receivable | 41 | €12,856 | €15,522 | +€2,666 | +20.7% |
| Cash at bank and in hand | 54/58 | €11,838 | €4,246 | -€7,592 | -64.1% |
| Deferred charges and accrued income | 490/1 | €108 | €17 | -€92 | -84.6% |
| Total equity and liabilities | 10/49 | €111,531 | €87,886 | -€23,645 | -21.2% |
| Equity | 10/15 | €78,666 | €79,359 | +€693 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,066 | €60,759 | +€693 | +1.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €58,206 | €58,899 | +€693 | +1.2% |
| Amounts payable | 17/49 | €32,865 | €8,527 | -€24,338 | -74.1% |
| Amounts payable within one year | 42/48 | €32,865 | €8,527 | -€24,338 | -74.1% |
| Current portion of amounts payable after more than one year | 42 | €8,185 | - | -€8,185 | |
| Trade debts | 44 | €3,309 | €4,177 | +€868 | +26.2% |
| Suppliers | 440/4 | €3,309 | €4,177 | +€868 | +26.2% |
| Taxes, remuneration and social security | 45 | €14,451 | €1,657 | -€12,794 | -88.5% |
| Taxes | 450/3 | €14,451 | €1,657 | -€12,794 | -88.5% |
| Other amounts payable | 47/48 | €6,921 | €2,694 | -€4,227 | -61.1% |
| Non-recurring operating income | 76A | €4,760 | - | -€4,760 | |
| Remuneration, social security and pensions | 62 | €91 | €77 | -€14 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,552 | €1,440 | -€4,113 | -74.1% |
| Other operating charges | 640/8 | €8,569 | €449 | -€8,120 | -94.8% |
| Gross operating margin | 9900 | €35,751 | €2,925 | -€32,826 | -91.8% |
| Operating profit (loss) | 9901 | €21,539 | €958 | -€20,580 | -95.6% |
| Financial income | 75/76B | €543 | €852 | +€309 | +56.9% |
| Recurring financial income | 75 | €543 | €852 | +€309 | +56.9% |
| Financial charges | 65/66B | €499 | €369 | -€130 | -26.0% |
| Recurring financial charges | 65 | €499 | €369 | -€130 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €21,583 | €1,441 | -€20,142 | -93.3% |
| Income taxes | 67/77 | €10,023 | €748 | -€9,275 | -92.5% |
| Profit (loss) for the period | 9904 | €11,560 | €693 | -€10,867 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,560 | €693 | -€10,867 | -94.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.