TS RENOVATION: 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 RENOVATION
Largest movements
- Receivables within one year -€23,510
down €23,510 (-87.7%), from €26,797 to €3,288
of which Trade receivables: -€26,797
- Advances received -€33,751
no longer reported in 2025 (was €33,751)
- Trade debts +€8,920
up €8,920 (+21.6%), from €41,373 to €50,293
- Profit (loss) carried forward +€4,738
up €4,738 (+514%), from €922 to €5,660
- Tax, wage and social debts -€2,604
down €2,604 (-29.7%), from €8,752 to €6,149
- Turnover -€365,881
no longer reported in 2025 (was €365,881)
- Purchases and services -€365,881
no longer reported in 2025 (was €365,881)
- Gross operating margin +€5,018
up €5,018 (+318%), from €1,576 to €6,593
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 | €91,026 | €68,329 | -€22,697 | -24.9% |
| Current assets | 29/58 | €91,026 | €68,329 | -€22,697 | -24.9% |
| Amounts receivable within one year | 40/41 | €26,797 | €3,288 | -€23,510 | -87.7% |
| Trade receivables | 40 | €26,797 | - | -€26,797 | |
| Other amounts receivable | 41 | - | €3,288 | +€3,288 | |
| Cash at bank and in hand | 54/58 | €64,229 | €65,042 | +€813 | +1.3% |
| Total equity and liabilities | 10/49 | €91,026 | €68,329 | -€22,697 | -24.9% |
| Equity | 10/15 | €5,990 | €10,728 | +€4,738 | +79.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €68 | €68 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68 | €68 | = | 0.0% |
| Legal reserve | 130 | €68 | - | -€68 | |
| Reserves not available under the articles | 1311 | - | €68 | +€68 | |
| Profit (loss) carried forward | 14 | €922 | €5,660 | +€4,738 | +514% |
| Amounts payable | 17/49 | €85,036 | €57,602 | -€27,435 | -32.3% |
| Amounts payable within one year | 42/48 | €85,036 | €57,602 | -€27,435 | -32.3% |
| Trade debts | 44 | €41,373 | €50,293 | +€8,920 | +21.6% |
| Suppliers | 440/4 | €41,373 | €50,293 | +€8,920 | +21.6% |
| Advances received on contracts in progress | 46 | €33,751 | - | -€33,751 | |
| Taxes, remuneration and social security | 45 | €8,752 | €6,149 | -€2,604 | -29.7% |
| Taxes | 450/3 | €8,752 | €6,149 | -€2,604 | -29.7% |
| Other amounts payable | 47/48 | €1,160 | €1,160 | = | 0.0% |
| Turnover | 70 | €365,881 | - | -€365,881 | |
| Goods, raw materials, services and sundry goods | 60/61 | €365,881 | - | -€365,881 | |
| Other operating charges | 640/8 | €224 | - | -€224 | |
| Gross operating margin | 9900 | €1,576 | €6,593 | +€5,018 | +318% |
| Operating profit (loss) | 9901 | €1,352 | €6,593 | +€5,241 | +388% |
| Financial income | 75/76B | €0 | €0 | -€0 | -83.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -83.3% |
| Financial charges | 65/66B | €2 | €131 | +€129 | +7,457% |
| Recurring financial charges | 65 | €2 | €131 | +€129 | +7,457% |
| Profit (loss) for the period before taxes | 9903 | €1,350 | €6,462 | +€5,112 | +379% |
| Income taxes | 67/77 | €360 | €1,725 | +€1,364 | +379% |
| Profit (loss) for the period | 9904 | €990 | €4,738 | +€3,748 | +379% |
| Profit (loss) for the period to be appropriated | 9905 | €990 | €4,738 | +€3,748 | +379% |
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 29 October 2026 via checked.be.