TS CHAUFFAGE: 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 CHAUFFAGE
Largest movements
- Receivables within one year -€34,092
down €34,092 (-42.3%), from €80,615 to €46,523
of which Trade receivables: -€31,499
- Cash -€26,460
down €26,460 (-37.4%), from €70,694 to €44,234
mainly Other debts (-€46,278) and Trade debts (-€21,310)
- Other debts -€46,278
down €46,278 (-79.4%), from €58,278 to €12,000
- Trade debts -€21,310
down €21,310 (-71.1%), from €29,991 to €8,681
- Profit (loss) carried forward +€3,665
up €3,665 (+6.4%), from €57,464 to €61,129
- Current portion of long-term debt +€2,600
up €2,600 (+49.2%), from €5,290 to €7,890
- Debts after one year -€1,971
down €1,971 (-65.8%), from €2,994 to €1,024
- Gross operating margin -€16,940
down €16,940 (-39.1%), from €43,308 to €26,368
- Taxes -€2,703
down €2,703 (-35.1%), from €7,699 to €4,995
- Staff costs -€2,273
down €2,273 (-92.7%), from €2,451 to €178
- Financial charges -€562
down €562 (-17.1%), from €3,286 to €2,724
- Financial income +€542
up €542 (+93.2%), from €581 to €1,123
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 | €155,266 | €93,317 | -€61,949 | -39.9% |
| Fixed assets | 21/28 | €3,957 | €2,560 | -€1,397 | -35.3% |
| Tangible fixed assets | 22/27 | €3,957 | €2,560 | -€1,397 | -35.3% |
| Plant, machinery and equipment | 23 | - | €1,262 | +€1,262 | |
| Furniture and vehicles | 24 | €3,957 | €1,298 | -€2,659 | -67.2% |
| Current assets | 29/58 | €151,309 | €90,757 | -€60,552 | -40.0% |
| Amounts receivable within one year | 40/41 | €80,615 | €46,523 | -€34,092 | -42.3% |
| Trade receivables | 40 | €55,493 | €23,993 | -€31,499 | -56.8% |
| Other amounts receivable | 41 | €25,122 | €22,529 | -€2,593 | -10.3% |
| Cash at bank and in hand | 54/58 | €70,694 | €44,234 | -€26,460 | -37.4% |
| Total equity and liabilities | 10/49 | €155,266 | €93,317 | -€61,949 | -39.9% |
| Equity | 10/15 | €58,464 | €62,129 | +€3,665 | +6.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,464 | €61,129 | +€3,665 | +6.4% |
| Amounts payable | 17/49 | €96,802 | €31,188 | -€65,614 | -67.8% |
| Amounts payable after more than one year | 17 | €2,994 | €1,024 | -€1,971 | -65.8% |
| Financial debts | 170/4 | €2,994 | €1,024 | -€1,971 | -65.8% |
| Amounts payable within one year | 42/48 | €93,808 | €30,164 | -€63,643 | -67.8% |
| Current portion of amounts payable after more than one year | 42 | €5,290 | €7,890 | +€2,600 | +49.2% |
| Trade debts | 44 | €29,991 | €8,681 | -€21,310 | -71.1% |
| Suppliers | 440/4 | €29,991 | €8,681 | -€21,310 | -71.1% |
| Taxes, remuneration and social security | 45 | €250 | €1,594 | +€1,344 | +538% |
| Remuneration and social security | 454/9 | €250 | €1,594 | +€1,344 | +538% |
| Other amounts payable | 47/48 | €58,278 | €12,000 | -€46,278 | -79.4% |
| Remuneration, social security and pensions | 62 | €2,451 | €178 | -€2,273 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,744 | €3,140 | +€396 | +14.4% |
| Other operating charges | 640/8 | €450 | €789 | +€338 | +75.1% |
| Gross operating margin | 9900 | €43,308 | €26,368 | -€16,940 | -39.1% |
| Operating profit (loss) | 9901 | €37,662 | €22,261 | -€15,401 | -40.9% |
| Financial income | 75/76B | €581 | €1,123 | +€542 | +93.2% |
| Recurring financial income | 75 | €581 | €1,123 | +€542 | +93.2% |
| Financial charges | 65/66B | €3,286 | €2,724 | -€562 | -17.1% |
| Recurring financial charges | 65 | €3,286 | €2,724 | -€562 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €34,957 | €20,660 | -€14,298 | -40.9% |
| Income taxes | 67/77 | €7,699 | €4,995 | -€2,703 | -35.1% |
| Profit (loss) for the period | 9904 | €27,259 | €15,665 | -€11,594 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,259 | €15,665 | -€11,594 | -42.5% |
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 22 October 2026 via checked.be.