TS-984: what changed
Two fiscal 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-984
Largest movements
- Receivables within one year -€93,240
down €93,240 (-79.3%), from €117,629 to €24,388
of which Other amounts receivable: -€93,489
- Tangible fixed assets -€49,249
down €49,249 (-12.6%), from €392,301 to €343,052
- Trade debts -€335,892
down €335,892 (-81.5%), from €412,204 to €76,312
- Other debts +€163,634
up €163,634, from €0 to €163,634
- Reserves +€41,353
up €41,353 (+67.6%), from €61,153 to €102,506
- Tax, wage and social debts -€11,069
down €11,069 (-9.5%), from €116,300 to €105,231
of which Taxes: -€9,413
- Purchases and services -€37,466
down €37,466 (-4.2%), from €885,022 to €847,556
- Taxes -€15,171
down €15,171, from €8,663 to -€6,509
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 | €601,528 | €457,684 | -€143,844 | -23.9% |
| Fixed assets | 21/28 | €392,301 | €343,052 | -€49,249 | -12.6% |
| Tangible fixed assets | 22/27 | €392,301 | €343,052 | -€49,249 | -12.6% |
| Plant, machinery and equipment | 23 | €392,301 | €343,052 | -€49,249 | -12.6% |
| Current assets | 29/58 | €209,227 | €114,632 | -€94,595 | -45.2% |
| Amounts receivable within one year | 40/41 | €117,629 | €24,388 | -€93,240 | -79.3% |
| Trade receivables | 40 | €1,273 | €1,521 | +€248 | +19.5% |
| Other amounts receivable | 41 | €116,356 | €22,867 | -€93,489 | -80.3% |
| Cash at bank and in hand | 54/58 | €81,065 | €79,148 | -€1,917 | -2.4% |
| Deferred charges and accrued income | 490/1 | €10,533 | €11,096 | +€563 | +5.3% |
| Total equity and liabilities | 10/49 | €601,528 | €457,684 | -€143,844 | -23.9% |
| Equity | 10/15 | €71,153 | €112,506 | +€41,353 | +58.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €61,153 | €102,506 | +€41,353 | +67.6% |
| Distributable reserves | 133 | €61,153 | €102,506 | +€41,353 | +67.6% |
| Amounts payable | 17/49 | €530,375 | €345,177 | -€185,198 | -34.9% |
| Amounts payable within one year | 42/48 | €528,504 | €345,177 | -€183,327 | -34.7% |
| Trade debts | 44 | €412,204 | €76,312 | -€335,892 | -81.5% |
| Suppliers | 440/4 | €412,204 | €76,312 | -€335,892 | -81.5% |
| Taxes, remuneration and social security | 45 | €116,300 | €105,231 | -€11,069 | -9.5% |
| Taxes | 450/3 | €87,960 | €78,548 | -€9,413 | -10.7% |
| Remuneration and social security | 454/9 | €28,340 | €26,683 | -€1,656 | -5.8% |
| Other amounts payable | 47/48 | €0 | €163,634 | +€163,634 | |
| Accrued charges and deferred income | 492/3 | €1,871 | €0 | -€1,871 | -100.0% |
| Turnover | 70 | €1,221,622 | €1,214,100 | -€7,523 | -0.6% |
| Non-recurring operating income | 76A | €39,725 | €0 | -€39,725 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €885,022 | €847,556 | -€37,466 | -4.2% |
| Remuneration, social security and pensions | 62 | €283,287 | €272,053 | -€11,234 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,088 | €49,249 | +€161 | +0.3% |
| Other operating charges | 640/8 | €812 | €1,338 | +€525 | +64.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €379,026 | €368,328 | -€10,698 | -2.8% |
| Operating profit (loss) | 9901 | €45,839 | €45,688 | -€151 | -0.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,779 | €10,844 | +€65 | +0.6% |
| Recurring financial charges | 65 | €10,779 | €10,844 | +€65 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €35,060 | €34,845 | -€216 | -0.6% |
| Income taxes | 67/77 | €8,663 | -€6,509 | -€15,171 | |
| Profit (loss) for the period | 9904 | €26,398 | €41,353 | +€14,956 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,398 | €41,353 | +€14,956 | +56.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.