TS: 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.
TS
Largest movements
- Cash +€28,287
up €28,287 (+56.2%), from €50,365 to €78,652
mainly Net result for the year (+€30,452) and Depreciation (+€18,268)
- Tangible fixed assets -€18,268
down €18,268 (-63.3%), from €28,865 to €10,597
of which Furniture and vehicles: -€17,573
- Reserves +€30,452
up €30,452 (+42.6%), from €71,554 to €102,006
- Tax, wage and social debts -€12,118
down €12,118 (-57.6%), from €21,049 to €8,931
- Debts after one year -€9,682
no longer reported in 2025 (was €9,682)
- Other debts +€7,307
up €7,307 (+143%), from €5,099 to €12,406
- Current portion of long-term debt -€6,729
down €6,729 (-41.0%), from €16,411 to €9,682
- Gross operating margin -€6,467
down €6,467 (-10.0%), from €64,745 to €58,278
- Taxes -€1,205
down €1,205 (-11.9%), from €10,136 to €8,931
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.
Derived cash bridge
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 | €128,795 | €138,084 | +€9,288 | +7.2% |
| Fixed assets | 21/28 | €28,865 | €10,597 | -€18,268 | -63.3% |
| Tangible fixed assets | 22/27 | €28,865 | €10,597 | -€18,268 | -63.3% |
| Plant, machinery and equipment | 23 | €883 | €188 | -€695 | -78.7% |
| Furniture and vehicles | 24 | €27,982 | €10,408 | -€17,573 | -62.8% |
| Current assets | 29/58 | €99,930 | €127,487 | +€27,557 | +27.6% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,565 | €3,835 | -€730 | -16.0% |
| Trade receivables | 40 | €4,169 | €3,835 | -€333 | -8.0% |
| Other amounts receivable | 41 | €397 | - | -€397 | |
| Cash at bank and in hand | 54/58 | €50,365 | €78,652 | +€28,287 | +56.2% |
| Total equity and liabilities | 10/49 | €128,795 | €138,084 | +€9,288 | +7.2% |
| Equity | 10/15 | €76,554 | €107,006 | +€30,452 | +39.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €71,554 | €102,006 | +€30,452 | +42.6% |
| Distributable reserves | 133 | €71,554 | €102,006 | +€30,452 | +42.6% |
| Amounts payable | 17/49 | €52,241 | €31,078 | -€21,164 | -40.5% |
| Amounts payable after more than one year | 17 | €9,682 | - | -€9,682 | |
| Financial debts | 170/4 | €9,682 | - | -€9,682 | |
| Amounts payable within one year | 42/48 | €42,559 | €31,078 | -€11,482 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €16,411 | €9,682 | -€6,729 | -41.0% |
| Trade debts | 44 | - | €59 | +€59 | |
| Suppliers | 440/4 | - | €59 | +€59 | |
| Taxes, remuneration and social security | 45 | €21,049 | €8,931 | -€12,118 | -57.6% |
| Taxes | 450/3 | €21,049 | €8,931 | -€12,118 | -57.6% |
| Other amounts payable | 47/48 | €5,099 | €12,406 | +€7,307 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,819 | €18,268 | -€551 | -2.9% |
| Other operating charges | 640/8 | €847 | €1,441 | +€594 | +70.2% |
| Gross operating margin | 9900 | €64,745 | €58,278 | -€6,467 | -10.0% |
| Operating profit (loss) | 9901 | €45,079 | €38,569 | -€6,510 | -14.4% |
| Financial income | 75/76B | €875 | €1,125 | +€250 | +28.6% |
| Recurring financial income | 75 | €875 | €1,125 | +€250 | +28.6% |
| Financial charges | 65/66B | €543 | €311 | -€233 | -42.8% |
| Recurring financial charges | 65 | €543 | €311 | -€233 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €45,411 | €39,383 | -€6,028 | -13.3% |
| Income taxes | 67/77 | €10,136 | €8,931 | -€1,205 | -11.9% |
| Profit (loss) for the period | 9904 | €35,275 | €30,452 | -€4,822 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,275 | €30,452 | -€4,822 | -13.7% |
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 13 October 2026 via checked.be.