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
- Current investments +€58,935
up €58,935 (+19.4%), from €304,485 to €363,420
- Cash -€17,475
down €17,475 (-53.0%), from €32,942 to €15,466
mainly Current investments (-€58,935) and Investment in fixed assets (net) (-€1,834)
- Receivables within one year -€5,563
down €5,563 (-63.3%), from €8,794 to €3,231
of which Other amounts receivable: -€4,013
- Reserves +€28,490
up €28,490 (+9.0%), from €315,670 to €344,160
of which Distributable reserves: +€28,490
- Other debts +€4,464
up €4,464 (+25.5%), from €17,527 to €21,991
- Financial income +€5,284
up €5,284 (+585%), from €903 to €6,187
- Taxes +€2,225
up €2,225 (+16.9%), from €13,161 to €15,387
- Gross operating margin +€901
up €901 (+2.1%), from €41,915 to €42,816
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 | €358,036 | €391,803 | +€33,767 | +9.4% |
| Fixed assets | 21/28 | €9,950 | €7,766 | -€2,184 | -21.9% |
| Tangible fixed assets | 22/27 | €9,950 | €7,766 | -€2,184 | -21.9% |
| Plant, machinery and equipment | 23 | €9,950 | €7,766 | -€2,184 | -21.9% |
| Current assets | 29/58 | €348,087 | €384,037 | +€35,951 | +10.3% |
| Amounts receivable within one year | 40/41 | €8,794 | €3,231 | -€5,563 | -63.3% |
| Trade receivables | 40 | €1,550 | €0 | -€1,550 | -100% |
| Other amounts receivable | 41 | €7,245 | €3,231 | -€4,013 | -55.4% |
| Current investments | 50/53 | €304,485 | €363,420 | +€58,935 | +19.4% |
| Cash at bank and in hand | 54/58 | €32,942 | €15,466 | -€17,475 | -53.0% |
| Deferred charges and accrued income | 490/1 | €1,865 | €1,920 | +€54 | +2.9% |
| Total equity and liabilities | 10/49 | €358,036 | €391,803 | +€33,767 | +9.4% |
| Equity | 10/15 | €334,270 | €362,760 | +€28,490 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €315,670 | €344,160 | +€28,490 | +9.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €313,810 | €342,300 | +€28,490 | +9.1% |
| Amounts payable | 17/49 | €23,766 | €29,043 | +€5,277 | +22.2% |
| Amounts payable within one year | 42/48 | €23,766 | €29,043 | +€5,277 | +22.2% |
| Trade debts | 44 | €340 | €888 | +€548 | +161% |
| Suppliers | 440/4 | €340 | €888 | +€548 | +161% |
| Taxes, remuneration and social security | 45 | €5,899 | €6,164 | +€265 | +4.5% |
| Taxes | 450/3 | €5,899 | €6,164 | +€265 | +4.5% |
| Other amounts payable | 47/48 | €17,527 | €21,991 | +€4,464 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,391 | €4,018 | -€373 | -8.5% |
| Other operating charges | 640/8 | €974 | €1,004 | +€30 | +3.1% |
| Gross operating margin | 9900 | €41,915 | €42,816 | +€901 | +2.1% |
| Operating profit (loss) | 9901 | €36,550 | €37,794 | +€1,244 | +3.4% |
| Financial income | 75/76B | €903 | €6,187 | +€5,284 | +585% |
| Recurring financial income | 75 | €903 | €6,187 | +€5,284 | +585% |
| Financial charges | 65/66B | €13 | €105 | +€92 | +726% |
| Recurring financial charges | 65 | €13 | €105 | +€92 | +726% |
| Profit (loss) for the period before taxes | 9903 | €37,441 | €43,877 | +€6,436 | +17.2% |
| Income taxes | 67/77 | €13,161 | €15,387 | +€2,225 | +16.9% |
| Profit (loss) for the period | 9904 | €24,279 | €28,490 | +€4,211 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,279 | €28,490 | +€4,211 | +17.3% |
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 16 October 2026 via checked.be.