TS CONSTRUCT SRL: 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 CONSTRUCT SRL
Largest movements
- Receivables within one year +€853,075
up €853,075 (+36.9%), from €2.3m to €3.2m
of which Trade receivables: +€802,232
- Cash +€267,862
up €267,862 (+2323.9%), from €11,527 to €279,389
mainly Debts after one year (+€535,934) and Trade debts (+€149,708)
- Deferred charges and accrued income -€115,271
down €115,271 (-85.2%), from €135,271 to €20,000
- Tangible fixed assets -€76,616
down €76,616 (-8.8%), from €869,390 to €792,774
of which Land and buildings: -€51,847
- Debts after one year +€535,934
up €535,934 (+31.8%), from €1.7m to €2.2m
- Trade debts +€149,708
up €149,708 (+7.6%), from €2.0m to €2.1m
- Tax, wage and social debts +€114,857
up €114,857 (+97.7%), from €117,523 to €232,380
of which Taxes: +€69,373
- Current portion of long-term debt +€88,816
up €88,816 (+152.7%), from €58,146 to €146,962
- Turnover +€1.6m
up €1.6m (+13.0%), from €12.5m to €14.2m
- Purchases and services +€1.0m
up €1.0m (+9.2%), from €11.0m to €12.0m
- Gross operating margin +€290,221
up €290,221 (+13.6%), from €2.1m to €2.4m
- Staff costs +€245,877
up €245,877 (+13.2%), from €1.9m to €2.1m
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 | €4,894,195 | €5,839,611 | +€945,416 | +19.3% |
| Fixed assets | 21/28 | €1,028,827 | €958,640 | -€70,187 | -6.8% |
| Tangible fixed assets | 22/27 | €869,390 | €792,774 | -€76,616 | -8.8% |
| Land and buildings | 22 | €757,848 | €706,001 | -€51,847 | -6.8% |
| Plant, machinery and equipment | 23 | €16,368 | €13,095 | -€3,274 | -20.0% |
| Furniture and vehicles | 24 | €73,610 | €57,366 | -€16,244 | -22.1% |
| Leasing and similar rights | 25 | €21,564 | €16,313 | -€5,251 | -24.4% |
| Financial fixed assets | 28 | €159,437 | €165,866 | +€6,429 | +4.0% |
| Current assets | 29/58 | €3,865,368 | €4,880,971 | +€1.0m | +26.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,406,929 | €1,416,865 | +€9,936 | +0.7% |
| Stocks | 30/36 | €1,406,929 | €1,416,865 | +€9,936 | +0.7% |
| Amounts receivable within one year | 40/41 | €2,311,641 | €3,164,716 | +€853,075 | +36.9% |
| Trade receivables | 40 | €2,288,288 | €3,090,520 | +€802,232 | +35.1% |
| Other amounts receivable | 41 | €23,353 | €74,196 | +€50,843 | +217.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,527 | €279,389 | +€267,862 | +2323.9% |
| Deferred charges and accrued income | 490/1 | €135,271 | €20,000 | -€115,271 | -85.2% |
| Total equity and liabilities | 10/49 | €4,894,195 | €5,839,611 | +€945,416 | +19.3% |
| Equity | 10/15 | €1,066,104 | €1,122,206 | +€56,102 | +5.3% |
| Contributions | 10/11 | €264,000 | €264,000 | = | 0.0% |
| Reserves | 13 | €26,400 | €26,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,400 | €26,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,400 | €26,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €775,704 | €831,806 | +€56,102 | +7.2% |
| Amounts payable | 17/49 | €3,828,091 | €4,717,405 | +€889,314 | +23.2% |
| Amounts payable after more than one year | 17 | €1,684,825 | €2,220,759 | +€535,934 | +31.8% |
| Financial debts | 170/4 | €1,684,825 | €2,220,759 | +€535,934 | +31.8% |
| Amounts payable within one year | 42/48 | €2,143,266 | €2,496,646 | +€353,380 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €58,146 | €146,962 | +€88,816 | +152.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,967,597 | €2,117,305 | +€149,708 | +7.6% |
| Suppliers | 440/4 | €1,967,597 | €2,117,305 | +€149,708 | +7.6% |
| Taxes, remuneration and social security | 45 | €117,523 | €232,380 | +€114,857 | +97.7% |
| Taxes | 450/3 | €37,833 | €107,207 | +€69,373 | +183.4% |
| Remuneration and social security | 454/9 | €79,690 | €125,173 | +€45,483 | +57.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €12,543,250 | €14,179,844 | +€1.6m | +13.0% |
| Non-recurring operating income | 76A | €23,509 | €0 | -€23,509 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,979,584 | €11,987,243 | +€1.0m | +9.2% |
| Remuneration, social security and pensions | 62 | €1,866,670 | €2,112,547 | +€245,877 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,084 | €114,322 | +€4,238 | +3.8% |
| Other operating charges | 640/8 | €11,974 | €12,823 | +€849 | +7.1% |
| Gross operating margin | 9900 | €2,137,023 | €2,427,244 | +€290,221 | +13.6% |
| Operating profit (loss) | 9901 | €148,295 | €187,552 | +€39,257 | +26.5% |
| Financial income | 75/76B | €18,236 | €3,862 | -€14,375 | -78.8% |
| Recurring financial income | 75 | €18,236 | €3,862 | -€14,375 | -78.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €94,907 | €95,316 | +€409 | +0.4% |
| Recurring financial charges | 65 | €94,907 | €95,316 | +€409 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €71,624 | €96,098 | +€24,474 | +34.2% |
| Income taxes | 67/77 | €37,833 | €39,996 | +€2,163 | +5.7% |
| Profit (loss) for the period | 9904 | €33,791 | €56,102 | +€22,312 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,791 | €56,102 | +€22,312 | +66.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.