TS3: 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.
TS3
Largest movements
- Current investments +€825,000
up €825,000 (+471.4%), from €175,000 to €1.0m
- Tangible fixed assets +€32,801
up €32,801 (+395.1%), from €8,303 to €41,104
of which Land and buildings: +€29,637
- Cash +€24,119
up €24,119 (+77.0%), from €31,328 to €55,447
mainly Net result for the year (+€677,763) and Tax, wage and social debts (+€223,621)
- Deferred charges and accrued income +€19,709
new in 2025: €19,709
- Profit (loss) carried forward +€677,763
up €677,763 (+376.5%), from €180,002 to €857,765
- Tax, wage and social debts +€223,621
up €223,621 (+744.4%), from €30,039 to €253,660
- Gross operating margin +€777,851
up €777,851 (+617.2%), from €126,030 to €903,882
- Taxes +€193,528
up €193,528 (+708.2%), from €27,326 to €220,853
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 | €214,631 | €1,116,260 | +€901,629 | +420.1% |
| Fixed assets | 21/28 | €8,303 | €41,104 | +€32,801 | +395.1% |
| Tangible fixed assets | 22/27 | €8,303 | €41,104 | +€32,801 | +395.1% |
| Land and buildings | 22 | - | €29,637 | +€29,637 | |
| Plant, machinery and equipment | 23 | €1,028 | €770 | -€258 | -25.1% |
| Furniture and vehicles | 24 | €7,275 | €10,697 | +€3,422 | +47.0% |
| Current assets | 29/58 | €206,328 | €1,075,157 | +€868,828 | +421.1% |
| Current investments | 50/53 | €175,000 | €1,000,000 | +€825,000 | +471.4% |
| Cash at bank and in hand | 54/58 | €31,328 | €55,447 | +€24,119 | +77.0% |
| Deferred charges and accrued income | 490/1 | - | €19,709 | +€19,709 | |
| Total equity and liabilities | 10/49 | €214,631 | €1,116,260 | +€901,629 | +420.1% |
| Equity | 10/15 | €182,002 | €859,765 | +€677,763 | +372.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,002 | €857,765 | +€677,763 | +376.5% |
| Amounts payable | 17/49 | €32,630 | €256,496 | +€223,866 | +686.1% |
| Amounts payable within one year | 42/48 | €32,630 | €256,496 | +€223,866 | +686.1% |
| Trade debts | 44 | €1,622 | €1,525 | -€96 | -5.9% |
| Suppliers | 440/4 | €1,622 | €1,525 | -€96 | -5.9% |
| Taxes, remuneration and social security | 45 | €30,039 | €253,660 | +€223,621 | +744.4% |
| Taxes | 450/3 | €30,039 | €253,660 | +€223,621 | +744.4% |
| Other amounts payable | 47/48 | €969 | €1,310 | +€341 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,420 | €5,552 | +€3,132 | +129.4% |
| Other operating charges | 640/8 | €704 | €635 | -€69 | -9.8% |
| Gross operating margin | 9900 | €126,030 | €903,882 | +€777,851 | +617.2% |
| Operating profit (loss) | 9901 | €122,907 | €897,695 | +€774,788 | +630.4% |
| Financial income | 75/76B | €3,954 | €3,774 | -€180 | -4.6% |
| Recurring financial income | 75 | €3,954 | €3,774 | -€180 | -4.6% |
| Financial charges | 65/66B | €2,488 | €2,852 | +€365 | +14.7% |
| Recurring financial charges | 65 | €2,488 | €2,852 | +€365 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €124,373 | €898,617 | +€774,243 | +622.5% |
| Income taxes | 67/77 | €27,326 | €220,853 | +€193,528 | +708.2% |
| Profit (loss) for the period | 9904 | €97,048 | €677,763 | +€580,716 | +598.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,048 | €677,763 | +€580,716 | +598.4% |
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 6 October 2026 via checked.be.