TS AUTOMATION: 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 AUTOMATION
Largest movements
- Receivables within one year +€211,212
up €211,212 (+188%), from €112,311 to €323,523
of which Other amounts receivable: +€172,520
- Stocks and contracts +€98,641
up €98,641 (+477%), from €20,683 to €119,324
- Tangible fixed assets -€28,698
down €28,698 (-5.3%), from €544,364 to €515,666
- Cash -€24,857
down €24,857 (-2.4%), from €1.1m to €1.0m
mainly Receivables within one year (-€211,212) and Other debts (-€205,975)
- Reserves +€493,246
up €493,246 (+49.4%), from €998,438 to €1.5m
- Other debts -€205,975
down €205,975 (-67.5%), from €305,031 to €99,057
- Debts after one year -€42,029
down €42,029 (-30.3%), from €138,731 to €96,703
- Tax, wage and social debts +€40,232
up €40,232 (+48.5%), from €82,878 to €123,110
of which Taxes: +€31,385
- Gross operating margin +€161,429
up €161,429 (+23.9%), from €675,445 to €836,874
- Staff costs +€85,430
up €85,430 (+38.1%), from €224,235 to €309,665
- Write-downs +€40,622
up €40,622, from €0 to €40,622
- Taxes +€14,936
up €14,936 (+13.3%), from €111,879 to €126,815
- Financial charges -€9,386
down €9,386 (-70.8%), from €13,265 to €3,879
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 | €1,729,255 | €1,986,211 | +€256,956 | +14.9% |
| Fixed assets | 21/28 | €544,364 | €515,666 | -€28,698 | -5.3% |
| Tangible fixed assets | 22/27 | €544,364 | €515,666 | -€28,698 | -5.3% |
| Land and buildings | 22 | €372,658 | €361,309 | -€11,349 | -3.0% |
| Plant, machinery and equipment | 23 | €27,283 | €20,532 | -€6,751 | -24.7% |
| Furniture and vehicles | 24 | €70,172 | €67,824 | -€2,348 | -3.3% |
| Leasing and similar rights | 25 | €74,250 | €66,000 | -€8,250 | -11.1% |
| Current assets | 29/58 | €1,184,892 | €1,470,545 | +€285,654 | +24.1% |
| Stocks and contracts in progress | 3 | €20,683 | €119,324 | +€98,641 | +477% |
| Stocks | 30/36 | €20,683 | €119,324 | +€98,641 | +477% |
| Amounts receivable within one year | 40/41 | €112,311 | €323,523 | +€211,212 | +188% |
| Trade receivables | 40 | €98,675 | €137,367 | +€38,692 | +39.2% |
| Other amounts receivable | 41 | €13,636 | €186,156 | +€172,520 | +1,265% |
| Cash at bank and in hand | 54/58 | €1,051,114 | €1,026,257 | -€24,857 | -2.4% |
| Deferred charges and accrued income | 490/1 | €783 | €1,441 | +€658 | +83.9% |
| Total equity and liabilities | 10/49 | €1,729,255 | €1,986,211 | +€256,956 | +14.9% |
| Equity | 10/15 | €1,093,025 | €1,586,271 | +€493,246 | +45.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €998,438 | €1,491,684 | +€493,246 | +49.4% |
| Distributable reserves | 133 | €998,438 | €1,491,684 | +€493,246 | +49.4% |
| Profit (loss) carried forward | 14 | €75,987 | €75,987 | = | 0.0% |
| Amounts payable | 17/49 | €636,230 | €399,940 | -€236,290 | -37.1% |
| Amounts payable after more than one year | 17 | €138,731 | €96,703 | -€42,029 | -30.3% |
| Financial debts | 170/4 | €138,731 | €96,703 | -€42,029 | -30.3% |
| Amounts payable within one year | 42/48 | €488,999 | €303,156 | -€185,843 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €41,147 | €42,029 | +€882 | +2.1% |
| Financial debts | 43 | €16,893 | €0 | -€16,893 | -100% |
| Credit institutions | 430/8 | €16,893 | €0 | -€16,893 | -100% |
| Trade debts | 44 | €43,050 | €30,161 | -€12,890 | -29.9% |
| Suppliers | 440/4 | €43,050 | €30,161 | -€12,890 | -29.9% |
| Advances received on contracts in progress | 46 | €0 | €8,800 | +€8,800 | |
| Taxes, remuneration and social security | 45 | €82,878 | €123,110 | +€40,232 | +48.5% |
| Taxes | 450/3 | €49,723 | €81,108 | +€31,385 | +63.1% |
| Remuneration and social security | 454/9 | €33,154 | €42,001 | +€8,847 | +26.7% |
| Other amounts payable | 47/48 | €305,031 | €99,057 | -€205,975 | -67.5% |
| Accrued charges and deferred income | 492/3 | €8,500 | €82 | -€8,418 | -99.0% |
| Remuneration, social security and pensions | 62 | €224,235 | €309,665 | +€85,430 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,357 | €70,744 | -€6,613 | -8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €40,622 | +€40,622 | |
| Other operating charges | 640/8 | €6,597 | €5,104 | -€1,493 | -22.6% |
| Non-recurring operating charges | 66A | €255 | €4,330 | +€4,075 | +1,600% |
| Gross operating margin | 9900 | €675,445 | €836,874 | +€161,429 | +23.9% |
| Operating profit (loss) | 9901 | €367,001 | €406,409 | +€39,407 | +10.7% |
| Financial income | 75/76B | €5,368 | €6,275 | +€907 | +16.9% |
| Recurring financial income | 75 | €5,368 | €6,275 | +€907 | +16.9% |
| Financial charges | 65/66B | €13,265 | €3,879 | -€9,386 | -70.8% |
| Recurring financial charges | 65 | €13,265 | €3,879 | -€9,386 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | €359,104 | €408,804 | +€49,700 | +13.8% |
| Income taxes | 67/77 | €111,879 | €126,815 | +€14,936 | +13.3% |
| Profit (loss) for the period | 9904 | €247,225 | €281,990 | +€34,765 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €247,225 | €281,990 | +€34,765 | +14.1% |
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 19 October 2026 via checked.be.