TS Services: 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.
What changed
TS Services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€62,108
2024 · -€18,162+€80,270
Equity
€87,531
2024 · €25,423+€62,108
Cash
€76,926
2024 · €82,528-€5,602
Balance sheet total
€504,233
2024 · €569,395-€65,162
Largest movements
Assets
- Tangible fixed assets -€58,225
down €58,225 (-12.0%), from €483,712 to €425,486
Equity and liabilities
- Other debts -€100,000
down €100,000 (-20.2%), from €494,772 to €394,772
- Profit (loss) carried forward +€62,108
up €62,108 (+1,649%), from €3,766 to €65,874
- Provisions -€30,000
down €30,000 (-100%), from €30,000 to €0
Income statement
- Turnover +€54,614
up €54,614 (+86.0%), from €63,499 to €118,113
- Taxes +€4,648
up €4,648 (+573,857%), from €1 to €4,649
- Financial charges -€1,244
down €1,244 (-95.9%), from €1,298 to €54
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.
Result 2024
-€18,162
Turnover
+€54,614
Services and other goods
-€540
Other operating charges
-€495
Other operating items
+€30,000
Financial income
+€95
Financial charges
+€1,244
Taxes
-€4,648
Result 2025
€62,108
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€5,602
Investment
€0
Financing
€0
Cash 2024
€82,528
From operations (derived)
-€5,602
Net result for the year
+€62,108
Depreciation
+€58,225
Receivables within one year
-€352
Deferred charges and accrued income
+€1,687
Provisions
-€30,000
Trade debts
+€2,680
Other debts
-€100,000
Accrued charges and deferred income
+€50
Cash 2025
€76,926
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €569,395 | €504,233 | -€65,162 | -11.4% |
| Fixed assets | 21/28 | €483,712 | €425,486 | -€58,225 | -12.0% |
| Tangible fixed assets | 22/27 | €483,712 | €425,486 | -€58,225 | -12.0% |
| Land and buildings | 22 | €483,712 | €425,486 | -€58,225 | -12.0% |
| Current assets | 29/58 | €85,683 | €78,747 | -€6,936 | -8.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €0 | €352 | +€352 | |
| Other amounts receivable | 41 | €0 | €352 | +€352 | |
| Cash at bank and in hand | 54/58 | €82,528 | €76,926 | -€5,602 | -6.8% |
| Deferred charges and accrued income | 490/1 | €3,155 | €1,468 | -€1,687 | -53.5% |
| Total equity and liabilities | 10/49 | €569,395 | €504,233 | -€65,162 | -11.4% |
| Equity | 10/15 | €25,423 | €87,531 | +€62,108 | +244% |
| Contributions | 10/11 | €20,759 | €20,759 | = | 0.0% |
| Reserves | 13 | €897 | €897 | = | 0.0% |
| Distributable reserves | 133 | €897 | €897 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,766 | €65,874 | +€62,108 | +1,649% |
| Provisions and deferred taxes | 16 | €30,000 | €0 | -€30,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €0 | -€30,000 | -100% |
| Major repairs and maintenance | 162 | €30,000 | €0 | -€30,000 | -100% |
| Amounts payable | 17/49 | €513,972 | €416,702 | -€97,270 | -18.9% |
| Amounts payable after more than one year | 17 | €16,500 | €16,500 | = | 0.0% |
| Other amounts payable | 178/9 | €16,500 | €16,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €494,772 | €397,452 | -€97,320 | -19.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | - | €2,680 | +€2,680 | |
| Suppliers | 440/4 | - | €2,680 | +€2,680 | |
| Other amounts payable | 47/48 | €494,772 | €394,772 | -€100,000 | -20.2% |
| Accrued charges and deferred income | 492/3 | €2,700 | €2,750 | +€50 | +1.9% |
| Operating income | 70/76A | €63,499 | €148,113 | +€84,614 | +133% |
| Turnover | 70 | €63,499 | €118,113 | +€54,614 | +86.0% |
| Non-recurring operating income | 76A | - | €30,000 | +€30,000 | |
| Operating charges | 60/66A | €80,365 | €81,399 | +€1,034 | +1.3% |
| Services and other goods | 61 | €6,266 | €6,805 | +€540 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,225 | €58,225 | = | 0.0% |
| Other operating charges | 640/8 | €15,874 | €16,369 | +€495 | +3.1% |
| Operating profit (loss) | 9901 | -€16,866 | €66,714 | +€83,579 | |
| Financial income | 75/76B | €3 | €97 | +€95 | +3,477% |
| Recurring financial income | 75 | €3 | €97 | +€95 | +3,477% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €3 | €5 | +€2 | +71.0% |
| Other financial income | 752/9 | - | €93 | +€93 | |
| Financial charges | 65/66B | €1,298 | €54 | -€1,244 | -95.9% |
| Recurring financial charges | 65 | €1,298 | €54 | -€1,244 | -95.9% |
| Debt charges | 650 | €1,177 | €0 | -€1,177 | -100% |
| Other financial charges | 652/9 | €121 | €54 | -€67 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,161 | €66,757 | +€84,918 | |
| Income taxes | 67/77 | €1 | €4,649 | +€4,648 | +573,857% |
| Taxes | 670/3 | €1 | €4,649 | +€4,648 | +573,857% |
| Profit (loss) for the period | 9904 | -€18,162 | €62,108 | +€80,270 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,162 | €62,108 | +€80,270 |
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 14 October 2026 via checked.be.