TS & E: 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 & E
Largest movements
- Receivables within one year +€18,839
up €18,839 (+280.5%), from €6,716 to €25,554
of which Trade receivables: +€20,884
- Cash -€12,375
down €12,375 (-56.6%), from €21,858 to €9,484
mainly Receivables within one year (-€18,839) and Debts after one year (-€6,096)
- Tangible fixed assets -€8,779
down €8,779 (-27.4%), from €32,062 to €23,283
of which Furniture and vehicles: -€8,256
- Stocks and contracts +€1,025
up €1,025 (+17.1%), from €6,000 to €7,025
- Deferred charges and accrued income -€957
down €957 (-81.3%), from €1,178 to €220
- Debts after one year -€6,096
down €6,096 (-39.0%), from €15,635 to €9,540
- Profit (loss) carried forward +€3,214
up €3,214 (+32.6%), from €9,867 to €13,081
- Trade debts +€1,243
up €1,243 (+34.2%), from €3,637 to €4,881
- Accrued charges and deferred income -€820
down €820 (-59.1%), from €1,387 to €567
- Gross operating margin +€14,293
up €14,293, from -€640 to €13,653
- Financial charges +€366
up €366 (+42.4%), from €863 to €1,230
- Other operating charges +€337
up €337 (+655.5%), from €51 to €389
- Depreciation -€154
down €154 (-1.7%), from €8,933 to €8,779
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 | €67,814 | €65,566 | -€2,248 | -3.3% |
| Fixed assets | 21/28 | €32,062 | €23,283 | -€8,779 | -27.4% |
| Tangible fixed assets | 22/27 | €32,062 | €23,283 | -€8,779 | -27.4% |
| Furniture and vehicles | 24 | €26,832 | €18,576 | -€8,256 | -30.8% |
| Other tangible fixed assets | 26 | €5,230 | €4,707 | -€523 | -10.0% |
| Current assets | 29/58 | €35,752 | €42,283 | +€6,531 | +18.3% |
| Stocks and contracts in progress | 3 | €6,000 | €7,025 | +€1,025 | +17.1% |
| Stocks | 30/36 | €6,000 | €7,025 | +€1,025 | +17.1% |
| Amounts receivable within one year | 40/41 | €6,716 | €25,554 | +€18,839 | +280.5% |
| Trade receivables | 40 | €3,276 | €24,160 | +€20,884 | +637.6% |
| Other amounts receivable | 41 | €3,440 | €1,394 | -€2,046 | -59.5% |
| Cash at bank and in hand | 54/58 | €21,858 | €9,484 | -€12,375 | -56.6% |
| Deferred charges and accrued income | 490/1 | €1,178 | €220 | -€957 | -81.3% |
| Total equity and liabilities | 10/49 | €67,814 | €65,566 | -€2,248 | -3.3% |
| Equity | 10/15 | €36,728 | €39,942 | +€3,214 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,261 | €8,261 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,401 | €6,401 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,867 | €13,081 | +€3,214 | +32.6% |
| Amounts payable | 17/49 | €31,086 | €25,625 | -€5,462 | -17.6% |
| Amounts payable after more than one year | 17 | €15,635 | €9,540 | -€6,096 | -39.0% |
| Financial debts | 170/4 | €15,635 | €9,540 | -€6,096 | -39.0% |
| Amounts payable within one year | 42/48 | €14,064 | €15,518 | +€1,454 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €5,892 | €6,096 | +€203 | +3.4% |
| Trade debts | 44 | €3,637 | €4,881 | +€1,243 | +34.2% |
| Suppliers | 440/4 | €3,637 | €4,881 | +€1,243 | +34.2% |
| Taxes, remuneration and social security | 45 | €1,777 | €1,606 | -€172 | -9.7% |
| Remuneration and social security | 454/9 | €1,777 | €1,606 | -€172 | -9.7% |
| Other amounts payable | 47/48 | €2,757 | €2,936 | +€179 | +6.5% |
| Accrued charges and deferred income | 492/3 | €1,387 | €567 | -€820 | -59.1% |
| Non-recurring operating income | 76A | €7,500 | €4,500 | -€3,000 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,933 | €8,779 | -€154 | -1.7% |
| Other operating charges | 640/8 | €51 | €389 | +€337 | +655.5% |
| Gross operating margin | 9900 | -€640 | €13,653 | +€14,293 | |
| Operating profit (loss) | 9901 | -€9,625 | €4,485 | +€14,110 | |
| Financial income | 75/76B | €12 | €3 | -€8 | -71.4% |
| Recurring financial income | 75 | €12 | €3 | -€8 | -71.4% |
| Financial charges | 65/66B | €863 | €1,230 | +€366 | +42.4% |
| Recurring financial charges | 65 | €863 | €1,230 | +€366 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,476 | €3,259 | +€13,735 | |
| Income taxes | 67/77 | - | €45 | +€45 | |
| Profit (loss) for the period | 9904 | -€10,476 | €3,214 | +€13,690 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,476 | €3,214 | +€13,690 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.