TSA PORT: 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
TSA PORT
NACE 81.230, Other cleaning activities
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€448,879
2023 · €697,756-€248,877
Equity
€2.4m
2023 · €2.0m+€448,881
Cash
€2,933
2023 · €8,213-€5,280
Balance sheet total
€9.2m
2023 · €7.8m+€1.4m
Largest movements
Assets
- Receivables within one year +€867,555
up €867,555 (+66.2%), from €1.3m to €2.2m
of which Trade receivables: +€444,301
- Tangible fixed assets +€627,928
up €627,928 (+11.8%), from €5.3m to €5.9m
of which Land and buildings: +€3.2m
Equity and liabilities
- Debts after one year +€3.1m
up €3.1m (+262%), from €1.2m to €4.3m
- Other debts -€2.8m
down €2.8m (-99.8%), from €2.8m to €6,708
- Current portion of long-term debt +€1.2m
new in 2024: €1.2m
- Profit (loss) carried forward +€448,881
up €448,881 (+27.6%), from €1.6m to €2.1m
- Short-term financial debts -€424,539
down €424,539 (-71.2%), from €596,160 to €171,621
Income statement
- Gross operating margin +€321,517
up €321,517 (+13.4%), from €2.4m to €2.7m
- Staff costs +€307,552
up €307,552 (+42.3%), from €726,322 to €1.0m
- Depreciation +€173,224
up €173,224 (+31.6%), from €547,411 to €720,635
- Financial charges +€119,593
up €119,593 (+99.3%), from €120,387 to €239,980
- Taxes -€93,421
down €93,421 (-35.2%), from €265,191 to €171,770
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.
Result 2023
€697,756
Gross operating margin
+€321,517
Staff costs
-€307,552
Depreciation
-€173,224
Other operating charges
+€2,244
Other operating items
-€62,939
Financial income
-€2,751
Financial charges
-€119,593
Taxes
+€93,421
Result 2024
€448,879
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€2.6m
Investment
-€1.3m
Financing
+€3.9m
Cash 2023
€8,213
From operations (derived)
-€2.6m
Net result for the year
+€448,879
Depreciation
+€720,635
Stocks and contracts
+€375
Receivables within one year
-€867,555
Deferred charges and accrued income
+€70,635
Trade debts
-€131,619
Tax, wage and social debts
-€17,614
Advances received
-€86,690
Other debts
-€2.8m
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€3.9m
Debts after one year
+€3.1m
Current portion of long-term debt
+€1.2m
Short-term financial debts
-€424,539
Contributions, distributions and other
+€2
Cash 2024
€2,933
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,786,524 | €9,155,366 | +€1.4m | +17.6% |
| Fixed assets | 21/28 | €6,369,666 | €6,947,243 | +€577,577 | +9.1% |
| Intangible fixed assets | 21 | €1,053,327 | €1,002,976 | -€50,351 | -4.8% |
| Tangible fixed assets | 22/27 | €5,316,339 | €5,944,267 | +€627,928 | +11.8% |
| Land and buildings | 22 | €958,273 | €4,130,927 | +€3.2m | +331% |
| Plant, machinery and equipment | 23 | €698,313 | €1,483,022 | +€784,709 | +112% |
| Furniture and vehicles | 24 | €218,322 | €152,448 | -€65,874 | -30.2% |
| Assets under construction and advance payments | 27 | €3,441,431 | €177,870 | -€3.3m | -94.8% |
| Current assets | 29/58 | €1,416,858 | €2,208,123 | +€791,265 | +55.8% |
| Stocks and contracts in progress | 3 | €23,210 | €22,835 | -€375 | -1.6% |
| Stocks | 30/36 | €23,210 | €22,835 | -€375 | -1.6% |
| Amounts receivable within one year | 40/41 | €1,310,309 | €2,177,864 | +€867,555 | +66.2% |
| Trade receivables | 40 | €899,765 | €1,344,066 | +€444,301 | +49.4% |
| Other amounts receivable | 41 | €410,544 | €833,798 | +€423,254 | +103% |
| Cash at bank and in hand | 54/58 | €8,213 | €2,933 | -€5,280 | -64.3% |
| Deferred charges and accrued income | 490/1 | €75,126 | €4,491 | -€70,635 | -94.0% |
| Total equity and liabilities | 10/49 | €7,786,524 | €9,155,366 | +€1.4m | +17.6% |
| Equity | 10/15 | €1,990,248 | €2,439,129 | +€448,881 | +22.6% |
| Contributions | 10/11 | €173,600 | €173,600 | = | 0.0% |
| Capital | 10 | €173,600 | €173,600 | = | 0.0% |
| Issued capital | 100 | €173,600 | €173,600 | = | 0.0% |
| Reserves | 13 | €191,345 | €191,345 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,360 | €17,360 | = | 0.0% |
| Legal reserve | 130 | €17,360 | €17,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €167,289 | €167,289 | = | 0.0% |
| Distributable reserves | 133 | €6,696 | €6,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,625,303 | €2,074,184 | +€448,881 | +27.6% |
| Amounts payable | 17/49 | €5,796,276 | €6,716,237 | +€919,961 | +15.9% |
| Amounts payable after more than one year | 17 | €1,196,100 | €4,328,700 | +€3.1m | +262% |
| Financial debts | 170/4 | €1,196,100 | €4,328,700 | +€3.1m | +262% |
| Amounts payable within one year | 42/48 | €4,600,176 | €2,387,537 | -€2.2m | -48.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,220,400 | +€1.2m | |
| Financial debts | 43 | €596,160 | €171,621 | -€424,539 | -71.2% |
| Credit institutions | 430/8 | €596,160 | €171,621 | -€424,539 | -71.2% |
| Trade debts | 44 | €793,971 | €662,352 | -€131,619 | -16.6% |
| Suppliers | 440/4 | €793,971 | €662,352 | -€131,619 | -16.6% |
| Advances received on contracts in progress | 46 | €86,690 | - | -€86,690 | |
| Taxes, remuneration and social security | 45 | €344,070 | €326,456 | -€17,614 | -5.1% |
| Taxes | 450/3 | €270,000 | €199,318 | -€70,682 | -26.2% |
| Remuneration and social security | 454/9 | €74,070 | €127,138 | +€53,068 | +71.6% |
| Other amounts payable | 47/48 | €2,779,285 | €6,708 | -€2.8m | -99.8% |
| Non-recurring operating income | 76A | - | €33,152 | +€33,152 | |
| Remuneration, social security and pensions | 62 | €726,322 | €1,033,874 | +€307,552 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €547,411 | €720,635 | +€173,224 | +31.6% |
| Other operating charges | 640/8 | €31,237 | €28,993 | -€2,244 | -7.2% |
| Non-recurring operating charges | 66A | €8,736 | €71,675 | +€62,939 | +720% |
| Gross operating margin | 9900 | €2,394,247 | €2,715,764 | +€321,517 | +13.4% |
| Operating profit (loss) | 9901 | €1,080,541 | €860,587 | -€219,954 | -20.4% |
| Financial income | 75/76B | €2,793 | €42 | -€2,751 | -98.5% |
| Recurring financial income | 75 | €2,793 | €42 | -€2,751 | -98.5% |
| Financial charges | 65/66B | €120,387 | €239,980 | +€119,593 | +99.3% |
| Recurring financial charges | 65 | €120,387 | €239,980 | +€119,593 | +99.3% |
| Profit (loss) for the period before taxes | 9903 | €962,947 | €620,649 | -€342,298 | -35.5% |
| Income taxes | 67/77 | €265,191 | €171,770 | -€93,421 | -35.2% |
| Profit (loss) for the period | 9904 | €697,756 | €448,879 | -€248,877 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €697,756 | €448,879 | -€248,877 | -35.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.