TS INSTAL: 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 INSTAL
Largest movements
- Receivables within one year +€185,037
up €185,037 (+458%), from €40,398 to €225,435
of which Trade receivables: +€160,095
- Cash -€6,849
down €6,849 (-63.2%), from €10,836 to €3,987
mainly Receivables within one year (-€185,037)
- Other debts +€134,230
up €134,230 (+925,726%), from €15 to €134,245
- Trade debts +€37,423
up €37,423 (+58.0%), from €64,542 to €101,965
- Profit (loss) carried forward +€3,219
up €3,219 (+10.4%), from -€31,040 to -€27,820
- Tax, wage and social debts +€3,159
up €3,159 (+24.5%), from €12,903 to €16,063
of which Remuneration and social security: +€6,294
- Purchases and services +€220,333
new in 2025: €220,333
- Gross operating margin +€34,499
up €34,499, from -€30,181 to €4,319
- Taxes +€831
new in 2025: €831
- Depreciation -€311
down €311 (-66.7%), from €467 to €156
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 | €51,420 | €229,452 | +€178,032 | +346% |
| Formation expenses | 20 | €0 | €30 | +€30 | |
| Fixed assets | 21/28 | €186 | €0 | -€186 | -100% |
| Intangible fixed assets | 21 | €186 | €0 | -€186 | -100% |
| Current assets | 29/58 | €51,234 | €229,422 | +€178,188 | +348% |
| Amounts receivable within one year | 40/41 | €40,398 | €225,435 | +€185,037 | +458% |
| Trade receivables | 40 | €39,905 | €200,000 | +€160,095 | +401% |
| Other amounts receivable | 41 | €493 | €25,435 | +€24,942 | +5,056% |
| Cash at bank and in hand | 54/58 | €10,836 | €3,987 | -€6,849 | -63.2% |
| Total equity and liabilities | 10/49 | €51,420 | €229,452 | +€178,032 | +346% |
| Equity | 10/15 | -€26,040 | -€22,820 | +€3,219 | +12.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,040 | -€27,820 | +€3,219 | +10.4% |
| Amounts payable | 17/49 | €77,459 | €252,272 | +€174,813 | +226% |
| Amounts payable within one year | 42/48 | €77,459 | €252,272 | +€174,813 | +226% |
| Trade debts | 44 | €64,542 | €101,965 | +€37,423 | +58.0% |
| Suppliers | 440/4 | €64,542 | €101,965 | +€37,423 | +58.0% |
| Taxes, remuneration and social security | 45 | €12,903 | €16,063 | +€3,159 | +24.5% |
| Taxes | 450/3 | €8,617 | €5,482 | -€3,135 | -36.4% |
| Remuneration and social security | 454/9 | €4,286 | €10,580 | +€6,294 | +147% |
| Other amounts payable | 47/48 | €15 | €134,245 | +€134,230 | +925,726% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €220,333 | +€220,333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €156 | -€311 | -66.7% |
| Other operating charges | 640/8 | €140 | €0 | -€140 | -100% |
| Gross operating margin | 9900 | -€30,181 | €4,319 | +€34,499 | |
| Operating profit (loss) | 9901 | -€30,787 | €4,163 | +€34,950 | |
| Financial charges | 65/66B | €93 | €113 | +€20 | +21.3% |
| Recurring financial charges | 65 | €93 | €113 | +€20 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | -€30,880 | €4,050 | +€34,931 | |
| Income taxes | 67/77 | - | €831 | +€831 | |
| Profit (loss) for the period | 9904 | -€30,880 | €3,219 | +€34,100 | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,880 | €3,219 | +€34,100 |
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 26 October 2026 via checked.be.