TS CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€20,816
up €20,816 (+38.6%), from €53,943 to €74,759
of which Trade receivables: +€14,149
- Cash -€6,890
down €6,890 (-26.2%), from €26,328 to €19,438
mainly Receivables within one year (-€20,816) and Contributions, distributions and other (-€17,475)
- Tangible fixed assets -€6,617
down €6,617 (-34.8%), from €18,989 to €12,372
of which Furniture and vehicles: -€5,671
- Other debts +€5,275
up €5,275 (+6234.7%), from €85 to €5,360
- Trade debts +€3,731
up €3,731 (+144.4%), from €2,584 to €6,315
- Tax, wage and social debts -€2,647
down €2,647 (-11.6%), from €22,814 to €20,167
of which Remuneration and social security: -€3,964
- Turnover +€222,547
new in 2025: €222,547
- Purchases and services +€164,326
new in 2025: €164,326
- Gross operating margin +€26,689
up €26,689 (+84.6%), from €31,532 to €58,221
- Taxes +€7,589
up €7,589 (+252.0%), from €3,011 to €10,600
- Other operating charges -€2,728
down €2,728 (-40.2%), from €6,781 to €4,053
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 | €109,585 | €116,945 | +€7,360 | +6.7% |
| Fixed assets | 21/28 | €19,164 | €12,547 | -€6,617 | -34.5% |
| Tangible fixed assets | 22/27 | €18,989 | €12,372 | -€6,617 | -34.8% |
| Plant, machinery and equipment | 23 | €8,228 | €7,282 | -€946 | -11.5% |
| Furniture and vehicles | 24 | €10,761 | €5,090 | -€5,671 | -52.7% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €90,420 | €104,397 | +€13,977 | +15.5% |
| Amounts receivable after more than one year | 29 | €10,150 | €10,200 | +€50 | +0.5% |
| Other amounts receivable | 291 | €10,150 | €10,200 | +€50 | +0.5% |
| Amounts receivable within one year | 40/41 | €53,943 | €74,759 | +€20,816 | +38.6% |
| Trade receivables | 40 | €53,943 | €68,091 | +€14,149 | +26.2% |
| Other amounts receivable | 41 | - | €6,668 | +€6,668 | |
| Cash at bank and in hand | 54/58 | €26,328 | €19,438 | -€6,890 | -26.2% |
| Total equity and liabilities | 10/49 | €109,585 | €116,945 | +€7,360 | +6.7% |
| Equity | 10/15 | €84,103 | €85,103 | +€1,000 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,657 | €78,903 | +€246 | +0.3% |
| Distributable reserves | 133 | €78,657 | €78,903 | +€246 | +0.3% |
| Profit (loss) carried forward | 14 | -€755 | - | +€755 | |
| Amounts payable | 17/49 | €25,482 | €31,841 | +€6,359 | +25.0% |
| Amounts payable within one year | 42/48 | €25,482 | €31,841 | +€6,359 | +25.0% |
| Trade debts | 44 | €2,584 | €6,315 | +€3,731 | +144.4% |
| Suppliers | 440/4 | €2,584 | €6,315 | +€3,731 | +144.4% |
| Taxes, remuneration and social security | 45 | €22,814 | €20,167 | -€2,647 | -11.6% |
| Taxes | 450/3 | €17,585 | €18,903 | +€1,317 | +7.5% |
| Remuneration and social security | 454/9 | €5,229 | €1,264 | -€3,964 | -75.8% |
| Other amounts payable | 47/48 | €85 | €5,360 | +€5,275 | +6234.7% |
| Turnover | 70 | - | €222,547 | +€222,547 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €164,326 | +€164,326 | |
| Remuneration, social security and pensions | 62 | €15,267 | €17,041 | +€1,774 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,221 | €7,798 | +€1,577 | +25.3% |
| Other operating charges | 640/8 | €6,781 | €4,053 | -€2,728 | -40.2% |
| Non-recurring operating charges | 66A | €890 | €257 | -€633 | -71.1% |
| Gross operating margin | 9900 | €31,532 | €58,221 | +€26,689 | +84.6% |
| Operating profit (loss) | 9901 | €2,372 | €29,071 | +€26,699 | +1125.4% |
| Financial income | 75/76B | €209 | €241 | +€31 | +15.0% |
| Recurring financial income | 75 | €209 | €241 | +€31 | +15.0% |
| Financial charges | 65/66B | €325 | €236 | -€89 | -27.4% |
| Recurring financial charges | 65 | €325 | €236 | -€89 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €2,257 | €29,076 | +€26,819 | +1188.4% |
| Income taxes | 67/77 | €3,011 | €10,600 | +€7,589 | +252.0% |
| Profit (loss) for the period | 9904 | -€755 | €18,476 | +€19,231 | |
| Profit (loss) for the period to be appropriated | 9905 | -€755 | €18,476 | +€19,231 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.