TS WORKS: 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 WORKS
Largest movements
- Tangible fixed assets +€17,555
up €17,555 (+138%), from €12,697 to €30,251
of which Furniture and vehicles: +€18,472
- Receivables within one year -€10,166
down €10,166 (-80.0%), from €12,704 to €2,538
of which Trade receivables: -€10,225
- Cash +€8,410
up €8,410 (+231%), from €3,645 to €12,056
mainly Debts after one year (+€11,583) and Receivables within one year (+€10,166)
- Stocks and contracts +€7,381
new in 2025: €7,381
- Debts after one year +€11,583
new in 2025: €11,583
- Tax, wage and social debts -€10,440
down €10,440 (-81.3%), from €12,840 to €2,399
of which Taxes: -€7,190
- Advances received +€10,000
new in 2025: €10,000
- Trade debts +€8,961
up €8,961 (+440%), from €2,035 to €10,996
- Current portion of long-term debt +€6,018
new in 2025: €6,018
- Write-downs +€6,181
new in 2025: €6,181
- Gross operating margin +€5,417
up €5,417 (+77.2%), from €7,014 to €12,432
- Depreciation +€4,283
up €4,283 (+297%), from €1,441 to €5,725
- Taxes -€711
down €711 (-82.5%), from €862 to €150
- Financial charges -€222
down €222 (-7.8%), from €2,833 to €2,612
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 | €29,573 | €52,995 | +€23,422 | +79.2% |
| Fixed assets | 21/28 | €12,697 | €30,251 | +€17,555 | +138% |
| Tangible fixed assets | 22/27 | €12,697 | €30,251 | +€17,555 | +138% |
| Plant, machinery and equipment | 23 | €1,578 | €1,707 | +€129 | +8.1% |
| Furniture and vehicles | 24 | €6,053 | €24,525 | +€18,472 | +305% |
| Other tangible fixed assets | 26 | €5,065 | €4,019 | -€1,046 | -20.7% |
| Current assets | 29/58 | €16,877 | €22,744 | +€5,868 | +34.8% |
| Stocks and contracts in progress | 3 | - | €7,381 | +€7,381 | |
| Stocks | 30/36 | - | €7,381 | +€7,381 | |
| Amounts receivable within one year | 40/41 | €12,704 | €2,538 | -€10,166 | -80.0% |
| Trade receivables | 40 | €11,065 | €840 | -€10,225 | -92.4% |
| Other amounts receivable | 41 | €1,638 | €1,697 | +€59 | +3.6% |
| Cash at bank and in hand | 54/58 | €3,645 | €12,056 | +€8,410 | +231% |
| Deferred charges and accrued income | 490/1 | €528 | €770 | +€243 | +46.0% |
| Total equity and liabilities | 10/49 | €29,573 | €52,995 | +€23,422 | +79.2% |
| Equity | 10/15 | €14,682 | €11,863 | -€2,819 | -19.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €11,084 | €11,084 | = | 0.0% |
| Distributable reserves | 133 | €11,084 | €11,084 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,098 | -€1,721 | -€2,819 | |
| Amounts payable | 17/49 | €14,891 | €41,132 | +€26,241 | +176% |
| Amounts payable after more than one year | 17 | - | €11,583 | +€11,583 | |
| Financial debts | 170/4 | - | €11,583 | +€11,583 | |
| Amounts payable within one year | 42/48 | €14,891 | €29,550 | +€14,659 | +98.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,018 | +€6,018 | |
| Trade debts | 44 | €2,035 | €10,996 | +€8,961 | +440% |
| Suppliers | 440/4 | €2,035 | €10,996 | +€8,961 | +440% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €12,840 | €2,399 | -€10,440 | -81.3% |
| Taxes | 450/3 | €8,839 | €1,649 | -€7,190 | -81.3% |
| Remuneration and social security | 454/9 | €4,001 | €750 | -€3,251 | -81.3% |
| Other amounts payable | 47/48 | €16 | €136 | +€120 | +741% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €5,725 | +€4,283 | +297% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,181 | +€6,181 | |
| Other operating charges | 640/8 | €780 | €585 | -€195 | -25.0% |
| Gross operating margin | 9900 | €7,014 | €12,432 | +€5,417 | +77.2% |
| Operating profit (loss) | 9901 | €4,793 | -€59 | -€4,852 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,833 | €2,612 | -€222 | -7.8% |
| Recurring financial charges | 65 | €2,833 | €2,612 | -€222 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €1,960 | -€2,669 | -€4,628 | |
| Income taxes | 67/77 | €862 | €150 | -€711 | -82.5% |
| Profit (loss) for the period | 9904 | €1,098 | -€2,819 | -€3,917 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,098 | -€2,819 | -€3,917 |
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 20 October 2026 via checked.be.