TS-701: 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-701
Largest movements
- Cash -€284,246
down €284,246 (-96.5%), from €294,485 to €10,239
mainly Trade debts (-€133,908) and Receivables within one year (-€100,395)
- Receivables within one year +€100,395
up €100,395 (+89.7%), from €111,940 to €212,335
of which Other amounts receivable: +€136,800
- Deferred charges and accrued income -€5,434
down €5,434 (-100.0%), from €5,434 to €0
- Trade debts -€133,908
down €133,908 (-93.3%), from €143,471 to €9,563
- Other debts -€57,899
down €57,899 (-58.1%), from €99,656 to €41,757
- Reserves +€27,597
up €27,597 (+20.1%), from €137,457 to €165,054
- Tax, wage and social debts -€25,075
down €25,075 (-100.0%), from €25,075 to €0
- Turnover -€598,786
down €598,786 (-100.0%), from €598,786 to €0
- Purchases and services -€584,479
down €584,479 (-98.0%), from €596,415 to €11,936
- Taxes -€24,308
new in 2025: -€24,308
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 | €411,859 | €222,574 | -€189,285 | -46.0% |
| Current assets | 29/58 | €411,859 | €222,574 | -€189,285 | -46.0% |
| Amounts receivable within one year | 40/41 | €111,940 | €212,335 | +€100,395 | +89.7% |
| Trade receivables | 40 | €64,940 | €28,535 | -€36,405 | -56.1% |
| Other amounts receivable | 41 | €47,000 | €183,800 | +€136,800 | +291.1% |
| Cash at bank and in hand | 54/58 | €294,485 | €10,239 | -€284,246 | -96.5% |
| Deferred charges and accrued income | 490/1 | €5,434 | €0 | -€5,434 | -100.0% |
| Total equity and liabilities | 10/49 | €411,859 | €222,574 | -€189,285 | -46.0% |
| Equity | 10/15 | €143,657 | €171,254 | +€27,597 | +19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €137,457 | €165,054 | +€27,597 | +20.1% |
| Distributable reserves | 133 | €137,457 | €165,054 | +€27,597 | +20.1% |
| Amounts payable | 17/49 | €268,202 | €51,320 | -€216,882 | -80.9% |
| Amounts payable within one year | 42/48 | €268,202 | €51,320 | -€216,882 | -80.9% |
| Trade debts | 44 | €143,471 | €9,563 | -€133,908 | -93.3% |
| Suppliers | 440/4 | €143,471 | €9,563 | -€133,908 | -93.3% |
| Taxes, remuneration and social security | 45 | €25,075 | €0 | -€25,075 | -100.0% |
| Taxes | 450/3 | €25,075 | €0 | -€25,075 | -100.0% |
| Other amounts payable | 47/48 | €99,656 | €41,757 | -€57,899 | -58.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €598,786 | €0 | -€598,786 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €596,415 | €11,936 | -€584,479 | -98.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,723 | -€2,723 | |
| Other operating charges | 640/8 | €514 | €3,243 | +€2,729 | +531.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €4,084 | €4,285 | +€201 | +4.9% |
| Operating profit (loss) | 9901 | €3,570 | €3,765 | +€195 | +5.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,570 | €477 | -€5,093 | -91.4% |
| Recurring financial charges | 65 | €5,570 | €477 | -€5,093 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,000 | €3,288 | +€5,289 | |
| Income taxes | 67/77 | - | -€24,308 | -€24,308 | |
| Profit (loss) for the period | 9904 | -€2,000 | €27,597 | +€29,597 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,000 | €27,597 | +€29,597 |
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 10 October 2026 via checked.be.