TS PROPERTY MANAGEMENT: 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 PROPERTY MANAGEMENT
Largest movements
- Receivables within one year +€112,380
up €112,380 (+42.4%), from €264,911 to €377,291
- Cash -€22,939
down €22,939 (-28.4%), from €80,749 to €57,810
mainly Contributions, distributions and other (-€140,000) and Receivables within one year (-€112,380)
- Trade debts +€90,210
up €90,210 (+310%), from €29,080 to €119,290
- Other debts -€60,000
down €60,000 (-30.0%), from €200,000 to €140,000
- Tax, wage and social debts +€32,000
up €32,000 (+44.5%), from €71,877 to €103,876
of which Taxes: +€24,605
- Reserves +€28,096
up €28,096 (+103%), from €27,334 to €55,429
of which Distributable reserves: +€28,096
- Staff costs +€37,748
up €37,748 (+54.5%), from €69,306 to €107,053
- Gross operating margin +€5,350
up €5,350 (+1.6%), from €333,853 to €339,203
- Taxes -€4,085
down €4,085 (-6.0%), from €67,748 to €63,663
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €346,891 | €437,254 | +€90,364 | +26.0% |
| Current assets | 29/58 | €346,891 | €437,254 | +€90,364 | +26.0% |
| Amounts receivable within one year | 40/41 | €264,911 | €377,291 | +€112,380 | +42.4% |
| Trade receivables | 40 | €264,911 | €377,291 | +€112,380 | +42.4% |
| Cash at bank and in hand | 54/58 | €80,749 | €57,810 | -€22,939 | -28.4% |
| Deferred charges and accrued income | 490/1 | €1,231 | €2,153 | +€923 | +75.0% |
| Total equity and liabilities | 10/49 | €346,891 | €437,254 | +€90,364 | +26.0% |
| Equity | 10/15 | €45,934 | €74,029 | +€28,096 | +61.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,334 | €55,429 | +€28,096 | +103% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,474 | €53,569 | +€28,096 | +110% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €300,957 | €363,225 | +€62,268 | +20.7% |
| Amounts payable within one year | 42/48 | €300,957 | €363,167 | +€62,210 | +20.7% |
| Trade debts | 44 | €29,080 | €119,290 | +€90,210 | +310% |
| Suppliers | 440/4 | €29,080 | €119,290 | +€90,210 | +310% |
| Taxes, remuneration and social security | 45 | €71,877 | €103,876 | +€32,000 | +44.5% |
| Taxes | 450/3 | €66,597 | €91,202 | +€24,605 | +36.9% |
| Remuneration and social security | 454/9 | €5,280 | €12,674 | +€7,394 | +140% |
| Other amounts payable | 47/48 | €200,000 | €140,000 | -€60,000 | -30.0% |
| Accrued charges and deferred income | 492/3 | - | €58 | +€58 | |
| Remuneration, social security and pensions | 62 | €69,306 | €107,053 | +€37,748 | +54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70 | €0 | -€70 | -100% |
| Other operating charges | 640/8 | €406 | €387 | -€19 | -4.6% |
| Gross operating margin | 9900 | €333,853 | €339,203 | +€5,350 | +1.6% |
| Operating profit (loss) | 9901 | €264,071 | €231,762 | -€32,309 | -12.2% |
| Financial income | 75/76B | €144 | €553 | +€409 | +285% |
| Recurring financial income | 75 | €144 | €553 | +€409 | +285% |
| Financial charges | 65/66B | €533 | €556 | +€24 | +4.4% |
| Recurring financial charges | 65 | €533 | €556 | +€24 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €263,682 | €231,759 | -€31,923 | -12.1% |
| Income taxes | 67/77 | €67,748 | €63,663 | -€4,085 | -6.0% |
| Profit (loss) for the period | 9904 | €195,934 | €168,096 | -€27,838 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €195,934 | €168,096 | -€27,838 | -14.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.