TS CORPORATION: 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 CORPORATION
Largest movements
- Stocks and contracts +€12,048
new in 2025: €12,048
- Receivables within one year +€3,851
up €3,851 (+122%), from €3,155 to €7,006
of which Trade receivables: +€3,619
- Cash -€3,717
down €3,717 (-25.8%), from €14,415 to €10,698
mainly Stocks and contracts (-€12,048) and Receivables within one year (-€3,851)
- Tangible fixed assets +€3,211
new in 2025: €3,211
- Profit (loss) carried forward +€10,916
up €10,916 (+81.8%), from €13,347 to €24,263
- Tax, wage and social debts +€4,477
up €4,477 (+109%), from €4,123 to €8,600
- Gross operating margin -€2,947
down €2,947 (-17.4%), from €16,919 to €13,972
- Taxes -€591
down €591 (-17.1%), from €3,450 to €2,859
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 | €17,570 | €32,963 | +€15,393 | +87.6% |
| Fixed assets | 21/28 | - | €3,211 | +€3,211 | |
| Tangible fixed assets | 22/27 | - | €3,211 | +€3,211 | |
| Land and buildings | 22 | - | €3,211 | +€3,211 | |
| Current assets | 29/58 | €17,570 | €29,752 | +€12,182 | +69.3% |
| Stocks and contracts in progress | 3 | - | €12,048 | +€12,048 | |
| Stocks | 30/36 | - | €12,048 | +€12,048 | |
| Amounts receivable within one year | 40/41 | €3,155 | €7,006 | +€3,851 | +122% |
| Trade receivables | 40 | €3,155 | €6,774 | +€3,619 | +115% |
| Other amounts receivable | 41 | - | €232 | +€232 | |
| Cash at bank and in hand | 54/58 | €14,415 | €10,698 | -€3,717 | -25.8% |
| Total equity and liabilities | 10/49 | €17,570 | €32,963 | +€15,393 | +87.6% |
| Equity | 10/15 | €13,447 | €24,363 | +€10,916 | +81.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,347 | €24,263 | +€10,916 | +81.8% |
| Amounts payable | 17/49 | €4,123 | €8,600 | +€4,477 | +109% |
| Amounts payable within one year | 42/48 | €4,123 | €8,600 | +€4,477 | +109% |
| Taxes, remuneration and social security | 45 | €4,123 | €8,600 | +€4,477 | +109% |
| Taxes | 450/3 | €4,123 | €8,600 | +€4,477 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €139 | +€139 | |
| Other operating charges | 640/8 | €80 | - | -€80 | |
| Gross operating margin | 9900 | €16,919 | €13,972 | -€2,947 | -17.4% |
| Operating profit (loss) | 9901 | €16,839 | €13,833 | -€3,006 | -17.9% |
| Financial charges | 65/66B | €42 | €58 | +€16 | +38.1% |
| Recurring financial charges | 65 | €42 | €58 | +€16 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €16,797 | €13,775 | -€3,022 | -18.0% |
| Income taxes | 67/77 | €3,450 | €2,859 | -€591 | -17.1% |
| Profit (loss) for the period | 9904 | €13,347 | €10,916 | -€2,431 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,347 | €10,916 | -€2,431 | -18.2% |
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 17 October 2026 via checked.be.