TS-TECH: 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-TECH
Largest movements
- Cash +€61,442
up €61,442 (+624.0%), from €9,846 to €71,288
mainly Trade debts (+€108,846) and Stocks and contracts (+€9,760)
- Receivables within one year +€60,351
up €60,351 (+107.1%), from €56,376 to €116,727
of which Trade receivables: +€45,466
- Stocks and contracts -€9,760
down €9,760 (-100.0%), from €9,760 to €0
- Tangible fixed assets -€3,484
down €3,484 (-17.9%), from €19,457 to €15,973
of which Furniture and vehicles: -€6,856
- Deferred charges and accrued income -€2,724
down €2,724 (-86.0%), from €3,169 to €445
- Trade debts +€108,846
up €108,846 (+817.2%), from €13,320 to €122,166
- Debts after one year -€5,718
down €5,718 (-40.8%), from €14,003 to €8,285
- Reserves +€2,403
up €2,403 (+8.1%), from €29,692 to €32,094
- Gross operating margin +€61,704
up €61,704 (+22.7%), from €271,668 to €333,373
- Staff costs +€61,420
up €61,420 (+25.3%), from €243,089 to €304,509
- Financial charges +€9,513
up €9,513 (+197.9%), from €4,808 to €14,320
- Depreciation +€5,048
up €5,048 (+144.9%), from €3,484 to €8,533
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.
Cash bridge derived
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 | €98,608 | €204,433 | +€105,826 | +107.3% |
| Fixed assets | 21/28 | €19,457 | €15,973 | -€3,484 | -17.9% |
| Tangible fixed assets | 22/27 | €19,457 | €15,973 | -€3,484 | -17.9% |
| Plant, machinery and equipment | 23 | €623 | €3,995 | +€3,372 | +541.2% |
| Furniture and vehicles | 24 | €18,834 | €11,978 | -€6,856 | -36.4% |
| Current assets | 29/58 | €79,151 | €188,461 | +€109,310 | +138.1% |
| Stocks and contracts in progress | 3 | €9,760 | €0 | -€9,760 | -100.0% |
| Contracts in progress | 37 | €9,760 | €0 | -€9,760 | -100.0% |
| Amounts receivable within one year | 40/41 | €56,376 | €116,727 | +€60,351 | +107.1% |
| Trade receivables | 40 | €35,563 | €81,028 | +€45,466 | +127.8% |
| Other amounts receivable | 41 | €20,814 | €35,699 | +€14,885 | +71.5% |
| Cash at bank and in hand | 54/58 | €9,846 | €71,288 | +€61,442 | +624.0% |
| Deferred charges and accrued income | 490/1 | €3,169 | €445 | -€2,724 | -86.0% |
| Total equity and liabilities | 10/49 | €98,608 | €204,433 | +€105,826 | +107.3% |
| Equity | 10/15 | €39,692 | €42,094 | +€2,403 | +6.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €29,692 | €32,094 | +€2,403 | +8.1% |
| Distributable reserves | 133 | €29,692 | €32,094 | +€2,403 | +8.1% |
| Amounts payable | 17/49 | €58,916 | €162,339 | +€103,423 | +175.5% |
| Amounts payable after more than one year | 17 | €14,003 | €8,285 | -€5,718 | -40.8% |
| Financial debts | 170/4 | €14,003 | €8,285 | -€5,718 | -40.8% |
| Amounts payable within one year | 42/48 | €44,913 | €154,054 | +€109,141 | +243.0% |
| Current portion of amounts payable after more than one year | 42 | €4,671 | €5,286 | +€615 | +13.2% |
| Trade debts | 44 | €13,320 | €122,166 | +€108,846 | +817.2% |
| Suppliers | 440/4 | €13,320 | €122,166 | +€108,846 | +817.2% |
| Taxes, remuneration and social security | 45 | €26,922 | €26,603 | -€319 | -1.2% |
| Taxes | 450/3 | €11,871 | €13,857 | +€1,986 | +16.7% |
| Remuneration and social security | 454/9 | €15,052 | €12,746 | -€2,305 | -15.3% |
| Remuneration, social security and pensions | 62 | €243,089 | €304,509 | +€61,420 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,484 | €8,533 | +€5,048 | +144.9% |
| Other operating charges | 640/8 | €1,416 | €2,879 | +€1,463 | +103.3% |
| Non-recurring operating charges | 66A | €8,065 | €0 | -€8,065 | -100.0% |
| Gross operating margin | 9900 | €271,668 | €333,373 | +€61,704 | +22.7% |
| Operating profit (loss) | 9901 | €15,614 | €17,452 | +€1,839 | +11.8% |
| Financial income | 75/76B | €166 | €820 | +€654 | +394.5% |
| Recurring financial income | 75 | €166 | €820 | +€654 | +394.5% |
| Financial charges | 65/66B | €4,808 | €14,320 | +€9,513 | +197.9% |
| Recurring financial charges | 65 | €4,808 | €14,320 | +€9,513 | +197.9% |
| Profit (loss) for the period before taxes | 9903 | €10,972 | €3,952 | -€7,020 | -64.0% |
| Income taxes | 67/77 | €4,054 | €1,549 | -€2,505 | -61.8% |
| Profit (loss) for the period | 9904 | €6,917 | €2,403 | -€4,515 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,917 | €2,403 | -€4,515 | -65.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.