TNSN: 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.
TNSN
Largest movements
- Cash -€32,732
down €32,732 (-58.6%), from €55,823 to €23,090
mainly Receivables within one year (-€25,418) and Tax, wage and social debts (-€14,314)
- Receivables within one year +€25,418
up €25,418 (+157.2%), from €16,167 to €41,586
of which Trade receivables: +€23,950
- Tangible fixed assets -€7,745
down €7,745 (-52.5%), from €14,745 to €7,000
- Deferred charges and accrued income -€900
no longer reported in 2025 (was €900)
- Tax, wage and social debts -€14,314
down €14,314 (-75.8%), from €18,884 to €4,570
- Trade debts -€10,604
down €10,604 (-79.2%), from €13,390 to €2,785
- Reserves +€8,900
up €8,900 (+19.8%), from €45,000 to €53,900
- Gross operating margin +€12,520
up €12,520 (+140.6%), from €8,908 to €21,427
- Taxes +€2,882
up €2,882 (+435.7%), from €661 to €3,543
- Depreciation +€1,341
up €1,341 (+20.9%), from €6,404 to €7,745
- Financial charges +€817
up €817 (+436.9%), from €187 to €1,005
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 | €87,634 | €71,676 | -€15,959 | -18.2% |
| Fixed assets | 21/28 | €14,745 | €7,000 | -€7,745 | -52.5% |
| Tangible fixed assets | 22/27 | €14,745 | €7,000 | -€7,745 | -52.5% |
| Furniture and vehicles | 24 | €14,745 | €7,000 | -€7,745 | -52.5% |
| Current assets | 29/58 | €72,889 | €64,676 | -€8,214 | -11.3% |
| Amounts receivable within one year | 40/41 | €16,167 | €41,586 | +€25,418 | +157.2% |
| Trade receivables | 40 | €9,701 | €33,651 | +€23,950 | +246.9% |
| Other amounts receivable | 41 | €6,466 | €7,934 | +€1,468 | +22.7% |
| Cash at bank and in hand | 54/58 | €55,823 | €23,090 | -€32,732 | -58.6% |
| Deferred charges and accrued income | 490/1 | €900 | - | -€900 | |
| Total equity and liabilities | 10/49 | €87,634 | €71,676 | -€15,959 | -18.2% |
| Equity | 10/15 | €55,361 | €64,320 | +€8,960 | +16.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €53,900 | +€8,900 | +19.8% |
| Distributable reserves | 133 | €45,000 | €53,900 | +€8,900 | +19.8% |
| Profit (loss) carried forward | 14 | €5,361 | €5,420 | +€60 | +1.1% |
| Amounts payable | 17/49 | €32,274 | €7,355 | -€24,918 | -77.2% |
| Amounts payable within one year | 42/48 | €32,274 | €7,355 | -€24,918 | -77.2% |
| Trade debts | 44 | €13,390 | €2,785 | -€10,604 | -79.2% |
| Suppliers | 440/4 | €13,390 | €2,785 | -€10,604 | -79.2% |
| Taxes, remuneration and social security | 45 | €18,884 | €4,570 | -€14,314 | -75.8% |
| Taxes | 450/3 | €18,884 | €4,570 | -€14,314 | -75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,404 | €7,745 | +€1,341 | +20.9% |
| Other operating charges | 640/8 | €438 | €558 | +€121 | +27.6% |
| Gross operating margin | 9900 | €8,908 | €21,427 | +€12,520 | +140.6% |
| Operating profit (loss) | 9901 | €2,066 | €13,124 | +€11,058 | +535.3% |
| Financial income | 75/76B | €191 | €383 | +€193 | +101.1% |
| Recurring financial income | 75 | €191 | €383 | +€193 | +101.1% |
| Financial charges | 65/66B | €187 | €1,005 | +€817 | +436.9% |
| Recurring financial charges | 65 | €187 | €1,005 | +€817 | +436.9% |
| Profit (loss) for the period before taxes | 9903 | €2,069 | €12,502 | +€10,433 | +504.3% |
| Income taxes | 67/77 | €661 | €3,543 | +€2,882 | +435.7% |
| Profit (loss) for the period | 9904 | €1,408 | €8,960 | +€7,552 | +536.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,408 | €8,960 | +€7,552 | +536.5% |
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 11 October 2026 via checked.be.