TS SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Tangible fixed assets -€12,363
down €12,363 (-10.0%), from €124,171 to €111,808
of which Furniture and vehicles: -€12,702
- Cash -€8,002
down €8,002 (-86.0%), from €9,303 to €1,301
mainly Net result for the year (-€16,702) and Other debts (-€8,300)
- Stocks and contracts +€7,078
up €7,078 (+5662.4%), from €125 to €7,203
- Receivables within one year +€4,126
up €4,126 (+356.6%), from €1,157 to €5,283
of which Trade receivables: +€2,082
- Profit (loss) carried forward -€16,702
down €16,702 (-15.0%), from -€111,232 to -€127,934
- Debts after one year +€16,702
up €16,702 (+18.3%), from €91,232 to €107,934
- Other debts -€8,300
down €8,300 (-6.2%), from €134,783 to €126,483
- Depreciation +€6,526
up €6,526 (+49.5%), from €13,180 to €19,706
- Other operating charges -€800
down €800 (-43.0%), from €1,859 to €1,059
- Gross operating margin -€521
down €521 (-10.1%), from €5,158 to €4,637
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.
Cash bridge derived
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 | €135,639 | €127,041 | -€8,598 | -6.3% |
| Fixed assets | 21/28 | €124,171 | €112,234 | -€11,937 | -9.6% |
| Tangible fixed assets | 22/27 | €124,171 | €111,808 | -€12,363 | -10.0% |
| Land and buildings | 22 | €68,542 | €69,231 | +€689 | +1.0% |
| Plant, machinery and equipment | 23 | €408 | €58 | -€350 | -85.8% |
| Furniture and vehicles | 24 | €55,221 | €42,519 | -€12,702 | -23.0% |
| Financial fixed assets | 28 | - | €426 | +€426 | |
| Current assets | 29/58 | €11,468 | €14,807 | +€3,339 | +29.1% |
| Stocks and contracts in progress | 3 | €125 | €7,203 | +€7,078 | +5662.4% |
| Stocks | 30/36 | €125 | €7,203 | +€7,078 | +5662.4% |
| Amounts receivable within one year | 40/41 | €1,157 | €5,283 | +€4,126 | +356.6% |
| Trade receivables | 40 | - | €2,082 | +€2,082 | |
| Other amounts receivable | 41 | €1,157 | €3,201 | +€2,044 | +176.7% |
| Cash at bank and in hand | 54/58 | €9,303 | €1,301 | -€8,002 | -86.0% |
| Deferred charges and accrued income | 490/1 | €883 | €1,020 | +€137 | +15.5% |
| Total equity and liabilities | 10/49 | €135,639 | €127,041 | -€8,598 | -6.3% |
| Equity | 10/15 | -€91,232 | -€107,934 | -€16,702 | -18.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,232 | -€127,934 | -€16,702 | -15.0% |
| Amounts payable | 17/49 | €226,871 | €234,975 | +€8,104 | +3.6% |
| Amounts payable after more than one year | 17 | €91,232 | €107,934 | +€16,702 | +18.3% |
| Other amounts payable | 178/9 | €91,232 | €107,934 | +€16,702 | +18.3% |
| Amounts payable within one year | 42/48 | €135,639 | €127,041 | -€8,598 | -6.3% |
| Trade debts | 44 | €597 | €255 | -€342 | -57.3% |
| Suppliers | 440/4 | €597 | €255 | -€342 | -57.3% |
| Taxes, remuneration and social security | 45 | €259 | €303 | +€44 | +17.0% |
| Taxes | 450/3 | €259 | €303 | +€44 | +17.0% |
| Other amounts payable | 47/48 | €134,783 | €126,483 | -€8,300 | -6.2% |
| Non-recurring operating income | 76A | - | €750 | +€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,180 | €19,706 | +€6,526 | +49.5% |
| Other operating charges | 640/8 | €1,859 | €1,059 | -€800 | -43.0% |
| Non-recurring operating charges | 66A | - | €530 | +€530 | |
| Gross operating margin | 9900 | €5,158 | €4,637 | -€521 | -10.1% |
| Operating profit (loss) | 9901 | -€9,881 | -€16,658 | -€6,777 | -68.6% |
| Financial income | 75/76B | €27 | €1 | -€26 | -96.3% |
| Recurring financial income | 75 | €27 | €1 | -€26 | -96.3% |
| Financial charges | 65/66B | €51 | €45 | -€6 | -11.8% |
| Recurring financial charges | 65 | €51 | €45 | -€6 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,905 | -€16,702 | -€6,797 | -68.6% |
| Profit (loss) for the period | 9904 | -€9,905 | -€16,702 | -€6,797 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,905 | -€16,702 | -€6,797 | -68.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.