TS CONSULTING: 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 CONSULTING
Largest movements
- Receivables within one year -€52,441
down €52,441 (-66.7%), from €78,654 to €26,214
of which Trade receivables: -€75,000
- Tangible fixed assets +€9,561
up €9,561 (+220%), from €4,338 to €13,899
of which Other tangible fixed assets: +€11,670
- Cash +€5,423
up €5,423 (+14.3%), from €37,901 to €43,324
mainly Receivables within one year (+€52,441) and Net result for the year (+€39,594)
- Debts after one year -€51,309
down €51,309 (-37.5%), from €136,989 to €85,681
- Other debts +€14,507
new in 2025: €14,507
- Tax, wage and social debts -€11,588
down €11,588 (-46.0%), from €25,178 to €13,590
- Profit (loss) carried forward +€9,594
up €9,594 (+5.4%), from €177,720 to €187,314
- Taxes -€7,558
down €7,558 (-36.1%), from €20,952 to €13,394
- Financial charges -€1,028
down €1,028 (-25.8%), from €3,986 to €2,958
- Depreciation +€816
up €816 (+34.4%), from €2,370 to €3,186
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 | €520,893 | €483,436 | -€37,457 | -7.2% |
| Fixed assets | 21/28 | €404,338 | €413,899 | +€9,561 | +2.4% |
| Tangible fixed assets | 22/27 | €4,338 | €13,899 | +€9,561 | +220% |
| Furniture and vehicles | 24 | €4,338 | €2,229 | -€2,108 | -48.6% |
| Other tangible fixed assets | 26 | - | €11,670 | +€11,670 | |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €116,555 | €69,537 | -€47,018 | -40.3% |
| Amounts receivable within one year | 40/41 | €78,654 | €26,214 | -€52,441 | -66.7% |
| Trade receivables | 40 | €75,000 | - | -€75,000 | |
| Other amounts receivable | 41 | €3,654 | €26,214 | +€22,560 | +617% |
| Cash at bank and in hand | 54/58 | €37,901 | €43,324 | +€5,423 | +14.3% |
| Total equity and liabilities | 10/49 | €520,893 | €483,436 | -€37,457 | -7.2% |
| Equity | 10/15 | €297,472 | €307,066 | +€9,594 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,152 | €101,152 | = | 0.0% |
| Distributable reserves | 133 | €101,152 | €101,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,720 | €187,314 | +€9,594 | +5.4% |
| Amounts payable | 17/49 | €223,420 | €176,370 | -€47,051 | -21.1% |
| Amounts payable after more than one year | 17 | €136,989 | €85,681 | -€51,309 | -37.5% |
| Financial debts | 170/4 | €136,989 | €85,681 | -€51,309 | -37.5% |
| Amounts payable within one year | 42/48 | €85,717 | €90,151 | +€4,434 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €56,695 | €60,104 | +€3,410 | +6.0% |
| Trade debts | 44 | €3,844 | €1,949 | -€1,895 | -49.3% |
| Suppliers | 440/4 | €3,844 | €1,949 | -€1,895 | -49.3% |
| Taxes, remuneration and social security | 45 | €25,178 | €13,590 | -€11,588 | -46.0% |
| Taxes | 450/3 | €25,178 | €13,590 | -€11,588 | -46.0% |
| Other amounts payable | 47/48 | - | €14,507 | +€14,507 | |
| Accrued charges and deferred income | 492/3 | €715 | €538 | -€176 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,370 | €3,186 | +€816 | +34.4% |
| Other operating charges | 640/8 | €1,081 | €1,024 | -€57 | -5.3% |
| Gross operating margin | 9900 | €60,003 | €60,156 | +€153 | +0.3% |
| Operating profit (loss) | 9901 | €56,552 | €55,946 | -€606 | -1.1% |
| Financial income | 75/76B | €97 | - | -€97 | |
| Recurring financial income | 75 | €97 | - | -€97 | |
| Financial charges | 65/66B | €3,986 | €2,958 | -€1,028 | -25.8% |
| Recurring financial charges | 65 | €3,986 | €2,958 | -€1,028 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €52,662 | €52,988 | +€326 | +0.6% |
| Income taxes | 67/77 | €20,952 | €13,394 | -€7,558 | -36.1% |
| Profit (loss) for the period | 9904 | €31,710 | €39,594 | +€7,884 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,710 | €39,594 | +€7,884 | +24.9% |
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 20 October 2026 via checked.be.