TS CONCEPT: 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.
What changed
TS CONCEPT
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€20,714
2024 · -€8,033+€28,747
Equity
€150,991
2024 · €130,277+€20,714
Cash
€8,277
2024 · €7,642+€635
Balance sheet total
€2.7m
2024 · €2.7m+€6,544
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€75,428
down €75,428 (-19.4%), from €388,467 to €313,039
- Other debts +€40,948
up €40,948 (+5.6%), from €733,122 to €774,070
Income statement
- Gross operating margin +€39,828
up €39,828 (+33.3%), from €119,457 to €159,285
- Taxes +€5,134
up €5,134 (+2,887%), from €178 to €5,312
- Financial charges +€4,011
up €4,011 (+3.7%), from €109,571 to €113,582
- Depreciation +€1,849
up €1,849 (+12.3%), from €15,075 to €16,925
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.
Result 2024
-€8,033
Gross operating margin
+€39,828
Depreciation
-€1,849
Other operating charges
-€116
Financial income
+€29
Financial charges
-€4,011
Taxes
-€5,134
Result 2025
€20,714
raises the resultlowers the result
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.
From operations
+€73,576
Investment
€0
Financing
-€72,942
Cash 2024
€7,642
From operations (derived)
+€73,576
Net result for the year
+€20,714
Depreciation
+€16,925
Receivables within one year
-€22,834
Provisions
-€20,441
Trade debts
+€14,508
Tax, wage and social debts
+€23,757
Other debts
+€40,948
Financing
-€72,942
Debts after one year
-€75,428
Current portion of long-term debt
+€2,487
Cash 2025
€8,277
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,728,705 | €2,735,250 | +€6,544 | +0.2% |
| Fixed assets | 21/28 | €2,678,229 | €2,661,304 | -€16,925 | -0.6% |
| Tangible fixed assets | 22/27 | €428,229 | €411,304 | -€16,925 | -4.0% |
| Land and buildings | 22 | €428,229 | €411,304 | -€16,925 | -4.0% |
| Financial fixed assets | 28 | €2,250,000 | €2,250,000 | = | 0.0% |
| Current assets | 29/58 | €50,476 | €73,945 | +€23,469 | +46.5% |
| Amounts receivable within one year | 40/41 | €42,834 | €65,668 | +€22,834 | +53.3% |
| Trade receivables | 40 | €42,834 | €65,668 | +€22,834 | +53.3% |
| Cash at bank and in hand | 54/58 | €7,642 | €8,277 | +€635 | +8.3% |
| Total equity and liabilities | 10/49 | €2,728,705 | €2,735,250 | +€6,544 | +0.2% |
| Equity | 10/15 | €130,277 | €150,991 | +€20,714 | +15.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,777 | €118,491 | +€20,714 | +21.2% |
| Provisions and deferred taxes | 16 | €1,380,206 | €1,359,765 | -€20,441 | -1.5% |
| Provisions for liabilities and charges | 160/5 | €1,380,206 | €1,359,765 | -€20,441 | -1.5% |
| Other liabilities and charges | 164/5 | €1,380,206 | €1,359,765 | -€20,441 | -1.5% |
| Amounts payable | 17/49 | €1,218,222 | €1,224,494 | +€6,271 | +0.5% |
| Amounts payable after more than one year | 17 | €388,467 | €313,039 | -€75,428 | -19.4% |
| Financial debts | 170/4 | €388,467 | €313,039 | -€75,428 | -19.4% |
| Amounts payable within one year | 42/48 | €829,756 | €911,455 | +€81,699 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €72,942 | €75,428 | +€2,487 | +3.4% |
| Trade debts | 44 | €12,287 | €26,795 | +€14,508 | +118% |
| Suppliers | 440/4 | €12,287 | €26,795 | +€14,508 | +118% |
| Taxes, remuneration and social security | 45 | €11,406 | €35,162 | +€23,757 | +208% |
| Taxes | 450/3 | €6,906 | €21,662 | +€14,757 | +214% |
| Remuneration and social security | 454/9 | €4,500 | €13,500 | +€9,000 | +200% |
| Other amounts payable | 47/48 | €733,122 | €774,070 | +€40,948 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,075 | €16,925 | +€1,849 | +12.3% |
| Other operating charges | 640/8 | €2,690 | €2,806 | +€116 | +4.3% |
| Gross operating margin | 9900 | €119,457 | €159,285 | +€39,828 | +33.3% |
| Operating profit (loss) | 9901 | €101,692 | €139,555 | +€37,863 | +37.2% |
| Financial income | 75/76B | €24 | €53 | +€29 | +121% |
| Recurring financial income | 75 | €24 | €53 | +€29 | +121% |
| Financial charges | 65/66B | €109,571 | €113,582 | +€4,011 | +3.7% |
| Recurring financial charges | 65 | €109,571 | €113,582 | +€4,011 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,855 | €26,026 | +€33,881 | |
| Income taxes | 67/77 | €178 | €5,312 | +€5,134 | +2,887% |
| Profit (loss) for the period | 9904 | -€8,033 | €20,714 | +€28,747 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,033 | €20,714 | +€28,747 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.