TS Outdoor: what changed
TS Outdoor
Largest movements
- Receivables within one year +€34,519
up €34,519 (+1,421%), from €2,429 to €36,948
of which Trade receivables: +€25,535
- Cash -€14,099
down €14,099 (-37.3%), from €37,833 to €23,734
mainly Receivables within one year (-€34,519) and Debts after one year (-€6,385)
- Tangible fixed assets -€9,376
down €9,376 (-30.5%), from €30,767 to €21,391
of which Furniture and vehicles: -€9,117
- Deferred charges and accrued income +€3,889
up €3,889 (+2,765%), from €141 to €4,030
- Reserves +€15,433
up €15,433 (+42.7%), from €36,133 to €51,567
- Debts after one year -€6,385
down €6,385 (-49.9%), from €12,783 to €6,398
- Trade debts +€2,918
up €2,918 (+133%), from €2,202 to €5,121
- Tax, wage and social debts +€2,612
up €2,612 (+241%), from €1,085 to €3,698
- Gross operating margin +€7,706
up €7,706 (+34.3%), from €22,495 to €30,200
- Taxes +€1,943
up €1,943 (+179%), from €1,085 to €3,029
- Other operating charges -€406
down €406 (-43.1%), from €942 to €536
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,169 | €86,102 | +€14,933 | +21.0% |
| Fixed assets | 21/28 | €30,767 | €21,391 | -€9,376 | -30.5% |
| Tangible fixed assets | 22/27 | €30,767 | €21,391 | -€9,376 | -30.5% |
| Plant, machinery and equipment | 23 | €830 | €571 | -€259 | -31.2% |
| Furniture and vehicles | 24 | €29,937 | €20,819 | -€9,117 | -30.5% |
| Current assets | 29/58 | €40,402 | €64,712 | +€24,309 | +60.2% |
| Amounts receivable within one year | 40/41 | €2,429 | €36,948 | +€34,519 | +1,421% |
| Trade receivables | 40 | €1,025 | €26,560 | +€25,535 | +2,491% |
| Other amounts receivable | 41 | €1,404 | €10,388 | +€8,984 | +640% |
| Cash at bank and in hand | 54/58 | €37,833 | €23,734 | -€14,099 | -37.3% |
| Deferred charges and accrued income | 490/1 | €141 | €4,030 | +€3,889 | +2,765% |
| Total equity and liabilities | 10/49 | €71,169 | €86,102 | +€14,933 | +21.0% |
| Equity | 10/15 | €48,533 | €63,967 | +€15,433 | +31.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,133 | €51,567 | +€15,433 | +42.7% |
| Distributable reserves | 133 | €36,133 | €51,567 | +€15,433 | +42.7% |
| Amounts payable | 17/49 | €22,636 | €22,135 | -€500 | -2.2% |
| Amounts payable after more than one year | 17 | €12,783 | €6,398 | -€6,385 | -49.9% |
| Financial debts | 170/4 | €12,783 | €6,398 | -€6,385 | -49.9% |
| Amounts payable within one year | 42/48 | €9,852 | €15,194 | +€5,342 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €5,801 | €6,193 | +€392 | +6.7% |
| Trade debts | 44 | €2,202 | €5,121 | +€2,918 | +133% |
| Suppliers | 440/4 | €2,202 | €5,121 | +€2,918 | +133% |
| Taxes, remuneration and social security | 45 | €1,085 | €3,698 | +€2,612 | +241% |
| Taxes | 450/3 | €1,085 | €3,698 | +€2,612 | +241% |
| Other amounts payable | 47/48 | €763 | €184 | -€580 | -76.0% |
| Accrued charges and deferred income | 492/3 | - | €543 | +€543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,324 | €10,450 | +€125 | +1.2% |
| Other operating charges | 640/8 | €942 | €536 | -€406 | -43.1% |
| Gross operating margin | 9900 | €22,495 | €30,200 | +€7,706 | +34.3% |
| Operating profit (loss) | 9901 | €11,228 | €19,215 | +€7,987 | +71.1% |
| Financial income | 75/76B | €28 | €10 | -€18 | -64.2% |
| Recurring financial income | 75 | €28 | €10 | -€18 | -64.2% |
| Financial charges | 65/66B | €956 | €763 | -€193 | -20.2% |
| Recurring financial charges | 65 | €956 | €763 | -€193 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €10,300 | €18,462 | +€8,162 | +79.2% |
| Income taxes | 67/77 | €1,085 | €3,029 | +€1,943 | +179% |
| Profit (loss) for the period | 9904 | €9,215 | €15,433 | +€6,219 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,215 | €15,433 | +€6,219 | +67.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.