TS IXIR: 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 IXIR
Largest movements
- Tangible fixed assets +€82,081
up €82,081 (+430.1%), from €19,085 to €101,166
of which Other tangible fixed assets: +€83,568
- Receivables within one year -€60,538
down €60,538 (-41.0%), from €147,667 to €87,129
of which Trade receivables: -€48,225
- Receivables after one year +€22,500
up €22,500 (+30.0%), from €75,000 to €97,500
- Cash -€7,160
down €7,160 (-99.0%), from €7,230 to €70
mainly Investment in fixed assets (net) (-€94,368) and Receivables after one year (-€22,500)
- Reserves +€32,631
up €32,631 (+23.1%), from €141,049 to €173,680
- Tax, wage and social debts +€21,640
up €21,640 (+46.7%), from €46,315 to €67,955
of which Remuneration and social security: +€22,358
- Trade debts -€18,300
down €18,300 (-58.4%), from €31,330 to €13,030
- Staff costs +€51,743
up €51,743 (+26.9%), from €192,052 to €243,796
- Gross operating margin +€46,385
up €46,385 (+17.9%), from €258,949 to €305,333
- Taxes -€4,853
down €4,853 (-26.1%), from €18,608 to €13,755
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 | €249,894 | €285,865 | +€35,971 | +14.4% |
| Fixed assets | 21/28 | €19,085 | €101,166 | +€82,081 | +430.1% |
| Tangible fixed assets | 22/27 | €19,085 | €101,166 | +€82,081 | +430.1% |
| Plant, machinery and equipment | 23 | €1,152 | €703 | -€449 | -39.0% |
| Furniture and vehicles | 24 | €17,932 | €16,894 | -€1,038 | -5.8% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | - | €83,568 | +€83,568 | |
| Current assets | 29/58 | €230,810 | €184,700 | -€46,110 | -20.0% |
| Amounts receivable after more than one year | 29 | €75,000 | €97,500 | +€22,500 | +30.0% |
| Other amounts receivable | 291 | €75,000 | €97,500 | +€22,500 | +30.0% |
| Amounts receivable within one year | 40/41 | €147,667 | €87,129 | -€60,538 | -41.0% |
| Trade receivables | 40 | €89,384 | €41,159 | -€48,225 | -54.0% |
| Other amounts receivable | 41 | €58,284 | €45,971 | -€12,313 | -21.1% |
| Cash at bank and in hand | 54/58 | €7,230 | €70 | -€7,160 | -99.0% |
| Deferred charges and accrued income | 490/1 | €912 | - | -€912 | |
| Total equity and liabilities | 10/49 | €249,894 | €285,865 | +€35,971 | +14.4% |
| Equity | 10/15 | €147,249 | €179,880 | +€32,631 | +22.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,049 | €173,680 | +€32,631 | +23.1% |
| Distributable reserves | 133 | €141,049 | €173,680 | +€32,631 | +23.1% |
| Amounts payable | 17/49 | €102,645 | €105,985 | +€3,340 | +3.3% |
| Amounts payable within one year | 42/48 | €102,645 | €105,985 | +€3,340 | +3.3% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Other loans | 439 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €31,330 | €13,030 | -€18,300 | -58.4% |
| Suppliers | 440/4 | €31,330 | €13,030 | -€18,300 | -58.4% |
| Taxes, remuneration and social security | 45 | €46,315 | €67,955 | +€21,640 | +46.7% |
| Taxes | 450/3 | €33,082 | €32,363 | -€719 | -2.2% |
| Remuneration and social security | 454/9 | €13,234 | €35,592 | +€22,358 | +168.9% |
| Remuneration, social security and pensions | 62 | €192,052 | €243,796 | +€51,743 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,788 | €12,287 | +€498 | +4.2% |
| Other operating charges | 640/8 | €2,379 | €2,729 | +€350 | +14.7% |
| Gross operating margin | 9900 | €258,949 | €305,333 | +€46,385 | +17.9% |
| Operating profit (loss) | 9901 | €52,729 | €46,522 | -€6,207 | -11.8% |
| Financial income | 75/76B | €3,333 | €2,494 | -€839 | -25.2% |
| Recurring financial income | 75 | €2,747 | €2,494 | -€253 | -9.2% |
| Non-recurring financial income | 76B | €586 | - | -€586 | |
| Financial charges | 65/66B | €2,495 | €2,630 | +€135 | +5.4% |
| Recurring financial charges | 65 | €2,495 | €2,630 | +€135 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €53,568 | €46,386 | -€7,182 | -13.4% |
| Income taxes | 67/77 | €18,608 | €13,755 | -€4,853 | -26.1% |
| Profit (loss) for the period | 9904 | €34,960 | €32,631 | -€2,328 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,960 | €32,631 | -€2,328 | -6.7% |
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 4 October 2026 via checked.be.