TS-Ecoconcept: 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-Ecoconcept
Largest movements
- Receivables within one year +€58,390
up €58,390 (+247.3%), from €23,615 to €82,005
- Cash +€8,497
up €8,497 (+84.8%), from €10,018 to €18,515
mainly Net result for the year (+€60,451) and Trade debts (+€39,719)
- Tangible fixed assets -€3,372
down €3,372 (-2.9%), from €117,528 to €114,156
of which Other tangible fixed assets: -€2,643
- Trade debts +€39,719
up €39,719 (+3105.5%), from €1,279 to €40,998
- Other debts +€22,414
up €22,414 (+32.2%), from €69,586 to €92,000
- Gross operating margin +€64,129
up €64,129 (+100.0%), from €64,112 to €128,241
- Taxes +€14,815
up €14,815 (+121.4%), from €12,199 to €27,014
- Depreciation +€11,781
up €11,781 (+45.4%), from €25,963 to €37,744
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 | €151,461 | €214,976 | +€63,515 | +41.9% |
| Fixed assets | 21/28 | €117,828 | €114,456 | -€3,372 | -2.9% |
| Tangible fixed assets | 22/27 | €117,528 | €114,156 | -€3,372 | -2.9% |
| Plant, machinery and equipment | 23 | €542 | €309 | -€233 | -43.0% |
| Furniture and vehicles | 24 | €106,847 | €106,351 | -€496 | -0.5% |
| Other tangible fixed assets | 26 | €10,139 | €7,496 | -€2,643 | -26.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €33,633 | €100,520 | +€66,887 | +198.9% |
| Amounts receivable within one year | 40/41 | €23,615 | €82,005 | +€58,390 | +247.3% |
| Trade receivables | 40 | €23,615 | €82,005 | +€58,390 | +247.3% |
| Cash at bank and in hand | 54/58 | €10,018 | €18,515 | +€8,497 | +84.8% |
| Total equity and liabilities | 10/49 | €151,461 | €214,976 | +€63,515 | +41.9% |
| Equity | 10/15 | €30,505 | €30,956 | +€451 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €7,410 | €7,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €5,550 | €5,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,495 | €4,946 | +€451 | +10.0% |
| Amounts payable | 17/49 | €120,956 | €184,020 | +€63,064 | +52.1% |
| Amounts payable within one year | 42/48 | €120,956 | €184,020 | +€63,064 | +52.1% |
| Trade debts | 44 | €1,279 | €40,998 | +€39,719 | +3105.5% |
| Suppliers | 440/4 | €1,279 | €40,998 | +€39,719 | +3105.5% |
| Taxes, remuneration and social security | 45 | €50,091 | €51,022 | +€931 | +1.9% |
| Taxes | 450/3 | €31,891 | €51,022 | +€19,131 | +60.0% |
| Remuneration and social security | 454/9 | €18,200 | - | -€18,200 | |
| Other amounts payable | 47/48 | €69,586 | €92,000 | +€22,414 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,963 | €37,744 | +€11,781 | +45.4% |
| Other operating charges | 640/8 | €3,274 | €2,806 | -€468 | -14.3% |
| Gross operating margin | 9900 | €64,112 | €128,241 | +€64,129 | +100.0% |
| Operating profit (loss) | 9901 | €34,875 | €87,691 | +€52,816 | +151.4% |
| Financial income | 75/76B | €30 | €103 | +€73 | +243.3% |
| Recurring financial income | 75 | €30 | €103 | +€73 | +243.3% |
| Financial charges | 65/66B | €334 | €329 | -€5 | -1.5% |
| Recurring financial charges | 65 | €334 | €329 | -€5 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €34,571 | €87,465 | +€52,894 | +153.0% |
| Income taxes | 67/77 | €12,199 | €27,014 | +€14,815 | +121.4% |
| Profit (loss) for the period | 9904 | €22,372 | €60,451 | +€38,079 | +170.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,372 | €60,451 | +€38,079 | +170.2% |
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 6 October 2026 via checked.be.