TEAM SERVICES LSA: 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.
TEAM SERVICES LSA
Largest movements
- Receivables within one year -€396,183
down €396,183 (-85.4%), from €463,915 to €67,732
of which Other amounts receivable: -€208,022
- Receivables after one year +€200,000
new in 2024: €200,000
- Tangible fixed assets -€27,959
down €27,959 (-6.2%), from €451,784 to €423,825
of which Furniture and vehicles: -€23,750
- Trade debts -€151,305
down €151,305 (-71.7%), from €210,995 to €59,690
- Tax, wage and social debts -€36,265
down €36,265 (-48.5%), from €74,710 to €38,445
of which Remuneration and social security: -€34,231
- Debts after one year -€19,978
down €19,978 (-4.4%), from €451,217 to €431,239
- Current portion of long-term debt -€11,228
down €11,228 (-36.0%), from €31,206 to €19,978
- Other debts -€11,024
down €11,024 (-73.5%), from €15,000 to €3,976
- Gross operating margin -€99,017
down €99,017 (-31.4%), from €315,301 to €216,284
- Staff costs -€32,962
down €32,962 (-17.4%), from €188,915 to €155,953
- Depreciation -€12,463
down €12,463 (-28.1%), from €44,337 to €31,874
- Other operating charges -€8,052
down €8,052 (-73.3%), from €10,984 to €2,932
- Financial charges -€7,806
down €7,806 (-25.6%), from €30,456 to €22,650
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €952,335 | €724,191 | -€228,144 | -24.0% |
| Fixed assets | 21/28 | €454,679 | €426,720 | -€27,959 | -6.1% |
| Tangible fixed assets | 22/27 | €451,784 | €423,825 | -€27,959 | -6.2% |
| Land and buildings | 22 | €407,770 | €400,908 | -€6,862 | -1.7% |
| Plant, machinery and equipment | 23 | €1,224 | €3,877 | +€2,653 | +217% |
| Furniture and vehicles | 24 | €42,790 | €19,040 | -€23,750 | -55.5% |
| Financial fixed assets | 28 | €2,895 | €2,895 | = | 0.0% |
| Current assets | 29/58 | €497,656 | €297,471 | -€200,185 | -40.2% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Stocks and contracts in progress | 3 | €1,028 | - | -€1,028 | |
| Stocks | 30/36 | €1,028 | - | -€1,028 | |
| Amounts receivable within one year | 40/41 | €463,915 | €67,732 | -€396,183 | -85.4% |
| Trade receivables | 40 | €252,764 | €64,603 | -€188,161 | -74.4% |
| Other amounts receivable | 41 | €211,151 | €3,129 | -€208,022 | -98.5% |
| Cash at bank and in hand | 54/58 | €9,871 | €5,728 | -€4,143 | -42.0% |
| Deferred charges and accrued income | 490/1 | €22,842 | €24,011 | +€1,169 | +5.1% |
| Total equity and liabilities | 10/49 | €952,335 | €724,191 | -€228,144 | -24.0% |
| Equity | 10/15 | €169,207 | €170,863 | +€1,656 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,607 | €152,263 | +€1,656 | +1.1% |
| Amounts payable | 17/49 | €783,128 | €553,328 | -€229,800 | -29.3% |
| Amounts payable after more than one year | 17 | €451,217 | €431,239 | -€19,978 | -4.4% |
| Financial debts | 170/4 | €451,217 | €431,239 | -€19,978 | -4.4% |
| Amounts payable within one year | 42/48 | €331,911 | €122,089 | -€209,822 | -63.2% |
| Current portion of amounts payable after more than one year | 42 | €31,206 | €19,978 | -€11,228 | -36.0% |
| Trade debts | 44 | €210,995 | €59,690 | -€151,305 | -71.7% |
| Suppliers | 440/4 | €210,995 | €59,690 | -€151,305 | -71.7% |
| Taxes, remuneration and social security | 45 | €74,710 | €38,445 | -€36,265 | -48.5% |
| Taxes | 450/3 | €5,544 | €3,510 | -€2,034 | -36.7% |
| Remuneration and social security | 454/9 | €69,166 | €34,935 | -€34,231 | -49.5% |
| Other amounts payable | 47/48 | €15,000 | €3,976 | -€11,024 | -73.5% |
| Non-recurring operating income | 76A | €16,427 | - | -€16,427 | |
| Remuneration, social security and pensions | 62 | €188,915 | €155,953 | -€32,962 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,337 | €31,874 | -€12,463 | -28.1% |
| Other operating charges | 640/8 | €10,984 | €2,932 | -€8,052 | -73.3% |
| Non-recurring operating charges | 66A | €3,214 | - | -€3,214 | |
| Gross operating margin | 9900 | €315,301 | €216,284 | -€99,017 | -31.4% |
| Operating profit (loss) | 9901 | €67,851 | €25,525 | -€42,326 | -62.4% |
| Financial income | 75/76B | €6,557 | €905 | -€5,652 | -86.2% |
| Recurring financial income | 75 | €6,557 | €905 | -€5,652 | -86.2% |
| Non-recurring financial income | 76B | - | €905 | +€905 | |
| Financial charges | 65/66B | €30,456 | €22,650 | -€7,806 | -25.6% |
| Recurring financial charges | 65 | €30,456 | €22,650 | -€7,806 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €43,952 | €3,780 | -€40,172 | -91.4% |
| Income taxes | 67/77 | €4,482 | €2,124 | -€2,358 | -52.6% |
| Profit (loss) for the period | 9904 | €39,470 | €1,656 | -€37,814 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,470 | €1,656 | -€37,814 | -95.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.