TS Academy: 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 Academy
Largest movements
- Receivables within one year +€21,582
new in 2025: €21,582
- Profit (loss) carried forward +€8,939
up €8,939, from -€3,969 to €4,970
- Tax, wage and social debts +€8,563
new in 2025: €8,563
of which Remuneration and social security: +€5,726
- Trade debts +€4,206
up €4,206 (+1,086%), from €387 to €4,593
- Gross operating margin +€67,705
up €67,705, from -€64 to €67,641
- Staff costs +€56,458
new in 2025: €56,458
- Taxes +€1,050
new in 2025: €1,050
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 | €15,557 | €37,265 | +€21,708 | +140% |
| Current assets | 29/58 | €15,557 | €37,265 | +€21,708 | +140% |
| Amounts receivable within one year | 40/41 | - | €21,582 | +€21,582 | |
| Trade receivables | 40 | - | €21,582 | +€21,582 | |
| Cash at bank and in hand | 54/58 | €15,557 | €15,683 | +€126 | +0.8% |
| Total equity and liabilities | 10/49 | €15,557 | €37,265 | +€21,708 | +140% |
| Equity | 10/15 | €15,170 | €24,109 | +€8,939 | +58.9% |
| Contributions | 10/11 | €19,138 | €19,138 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,969 | €4,970 | +€8,939 | |
| Amounts payable | 17/49 | €387 | €13,156 | +€12,769 | +3,297% |
| Amounts payable within one year | 42/48 | €387 | €13,156 | +€12,769 | +3,297% |
| Trade debts | 44 | €387 | €4,593 | +€4,206 | +1,086% |
| Suppliers | 440/4 | €387 | €4,593 | +€4,206 | +1,086% |
| Taxes, remuneration and social security | 45 | - | €8,563 | +€8,563 | |
| Taxes | 450/3 | - | €2,838 | +€2,838 | |
| Remuneration and social security | 454/9 | - | €5,726 | +€5,726 | |
| Remuneration, social security and pensions | 62 | - | €56,458 | +€56,458 | |
| Other operating charges | 640/8 | €412 | €761 | +€348 | +84.5% |
| Gross operating margin | 9900 | -€64 | €67,641 | +€67,705 | |
| Operating profit (loss) | 9901 | -€476 | €10,423 | +€10,899 | |
| Financial charges | 65/66B | €336 | €434 | +€98 | +29.0% |
| Recurring financial charges | 65 | €336 | €434 | +€98 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | -€813 | €9,989 | +€10,802 | |
| Income taxes | 67/77 | - | €1,050 | +€1,050 | |
| Profit (loss) for the period | 9904 | -€813 | €8,939 | +€9,752 | |
| Profit (loss) for the period to be appropriated | 9905 | -€813 | €8,939 | +€9,752 |
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 20 October 2026 via checked.be.