TS Retail BE: 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 Retail BE
Largest movements
- Receivables within one year -€32,022
no longer reported in 2025 (was €32,022)
- Deferred charges and accrued income +€8,138
new in 2025: €8,138
- Cash +€5,878
up €5,878 (+13.8%), from €42,649 to €48,527
mainly Other debts (+€1.1m) and Receivables within one year (+€32,022)
- Other debts +€1.1m
up €1.1m (+2,096%), from €50,200 to €1.1m
- Profit (loss) carried forward -€962,636
down €962,636 (-952%), from -€101,081 to -€1.1m
- Tax, wage and social debts -€76,213
down €76,213 (-80.6%), from €94,551 to €18,337
of which Remuneration and social security: -€65,338
- Trade debts -€32,831
down €32,831 (-9.2%), from €355,605 to €322,774
- Gross operating margin -€471,418
down €471,418, from €11,507 to -€459,911
- Staff costs +€384,776
up €384,776 (+343%), from €112,189 to €496,965
- Financial charges +€5,109
up €5,109 (+1,280%), from €399 to €5,508
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 | €400,274 | €382,269 | -€18,006 | -4.5% |
| Fixed assets | 21/28 | €175 | €175 | = | 0.0% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €400,099 | €382,094 | -€18,006 | -4.5% |
| Stocks and contracts in progress | 3 | €325,428 | €325,428 | = | 0.0% |
| Stocks | 30/36 | €325,428 | €325,428 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,022 | - | -€32,022 | |
| Trade receivables | 40 | €32,022 | - | -€32,022 | |
| Cash at bank and in hand | 54/58 | €42,649 | €48,527 | +€5,878 | +13.8% |
| Deferred charges and accrued income | 490/1 | - | €8,138 | +€8,138 | |
| Total equity and liabilities | 10/49 | €400,274 | €382,269 | -€18,006 | -4.5% |
| Equity | 10/15 | -€100,081 | -€1,062,718 | -€962,636 | -962% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,081 | -€1,063,718 | -€962,636 | -952% |
| Amounts payable | 17/49 | €500,356 | €1,444,986 | +€944,631 | +189% |
| Amounts payable within one year | 42/48 | €500,356 | €1,443,391 | +€943,035 | +188% |
| Trade debts | 44 | €355,605 | €322,774 | -€32,831 | -9.2% |
| Suppliers | 440/4 | €355,605 | €322,774 | -€32,831 | -9.2% |
| Taxes, remuneration and social security | 45 | €94,551 | €18,337 | -€76,213 | -80.6% |
| Taxes | 450/3 | €23,482 | €12,607 | -€10,875 | -46.3% |
| Remuneration and social security | 454/9 | €71,069 | €5,731 | -€65,338 | -91.9% |
| Other amounts payable | 47/48 | €50,200 | €1,102,279 | +€1.1m | +2,096% |
| Accrued charges and deferred income | 492/3 | - | €1,596 | +€1,596 | |
| Remuneration, social security and pensions | 62 | €112,189 | €496,965 | +€384,776 | +343% |
| Other operating charges | 640/8 | - | €360 | +€360 | |
| Gross operating margin | 9900 | €11,507 | -€459,911 | -€471,418 | |
| Operating profit (loss) | 9901 | -€100,682 | -€957,236 | -€856,554 | -851% |
| Financial income | 75/76B | - | €108 | +€108 | |
| Recurring financial income | 75 | - | €108 | +€108 | |
| Financial charges | 65/66B | €399 | €5,508 | +€5,109 | +1,280% |
| Recurring financial charges | 65 | €399 | €5,508 | +€5,109 | +1,280% |
| Profit (loss) for the period before taxes | 9903 | -€101,081 | -€962,636 | -€861,555 | -852% |
| Profit (loss) for the period | 9904 | -€101,081 | -€962,636 | -€861,555 | -852% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,081 | -€962,636 | -€861,555 | -852% |
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 22 October 2026 via checked.be.