TSAKI: 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.
TSAKI
Largest movements
- Receivables within one year -€37,152
down €37,152 (-18.7%), from €199,088 to €161,936
of which Other amounts receivable: -€27,000
- Cash +€17,360
up €17,360 (+60.1%), from €28,885 to €46,245
mainly Receivables within one year (+€37,152) and Net result for the year (+€22,994)
- Tangible fixed assets -€5,281
down €5,281 (-48.5%), from €10,884 to €5,603
of which Furniture and vehicles: -€4,734
- Financial fixed assets -€3,000
no longer reported in 2025 (was €3,000)
- Other debts -€15,756
down €15,756 (-36.0%), from €43,723 to €27,967
- Tax, wage and social debts -€13,357
down €13,357 (-30.3%), from €44,027 to €30,669
- Current portion of long-term debt -€4,036
no longer reported in 2025 (was €4,036)
- Profit (loss) carried forward +€2,994
up €2,994 (+4.2%), from €72,110 to €75,104
- Gross operating margin -€12,112
down €12,112 (-22.3%), from €54,400 to €42,288
- Taxes +€2,038
up €2,038 (+21.7%), from €9,412 to €11,450
- Other operating charges -€2,037
down €2,037 (-50.1%), from €4,065 to €2,028
- Depreciation -€1,214
down €1,214 (-13.9%), from €8,747 to €7,534
- Financial charges -€1,181
down €1,181 (-53.0%), from €2,227 to €1,045
of which Non-recurring financial charges: -€847
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 | €248,761 | €219,012 | -€29,749 | -12.0% |
| Formation expenses | 20 | €247 | - | -€247 | |
| Fixed assets | 21/28 | €20,541 | €10,832 | -€9,710 | -47.3% |
| Intangible fixed assets | 21 | €6,657 | €5,228 | -€1,429 | -21.5% |
| Tangible fixed assets | 22/27 | €10,884 | €5,603 | -€5,281 | -48.5% |
| Plant, machinery and equipment | 23 | €1,704 | €1,157 | -€546 | -32.1% |
| Furniture and vehicles | 24 | €9,181 | €4,446 | -€4,734 | -51.6% |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €227,973 | €208,181 | -€19,792 | -8.7% |
| Amounts receivable within one year | 40/41 | €199,088 | €161,936 | -€37,152 | -18.7% |
| Trade receivables | 40 | €56,320 | €46,168 | -€10,152 | -18.0% |
| Other amounts receivable | 41 | €142,767 | €115,767 | -€27,000 | -18.9% |
| Cash at bank and in hand | 54/58 | €28,885 | €46,245 | +€17,360 | +60.1% |
| Total equity and liabilities | 10/49 | €248,761 | €219,012 | -€29,749 | -12.0% |
| Equity | 10/15 | €156,928 | €159,922 | +€2,994 | +1.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €81,818 | €81,818 | = | 0.0% |
| Distributable reserves | 133 | €81,818 | €81,818 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,110 | €75,104 | +€2,994 | +4.2% |
| Amounts payable | 17/49 | €91,832 | €59,090 | -€32,742 | -35.7% |
| Amounts payable within one year | 42/48 | €91,832 | €59,090 | -€32,742 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €4,036 | - | -€4,036 | |
| Trade debts | 44 | €46 | €454 | +€407 | +880% |
| Suppliers | 440/4 | €46 | €454 | +€407 | +880% |
| Taxes, remuneration and social security | 45 | €44,027 | €30,669 | -€13,357 | -30.3% |
| Taxes | 450/3 | €44,027 | €30,669 | -€13,357 | -30.3% |
| Other amounts payable | 47/48 | €43,723 | €27,967 | -€15,756 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,747 | €7,534 | -€1,214 | -13.9% |
| Other operating charges | 640/8 | €4,065 | €2,028 | -€2,037 | -50.1% |
| Non-recurring operating charges | 66A | - | €169 | +€169 | |
| Gross operating margin | 9900 | €54,400 | €42,288 | -€12,112 | -22.3% |
| Operating profit (loss) | 9901 | €41,588 | €32,557 | -€9,031 | -21.7% |
| Financial income | 75/76B | €2,972 | €2,933 | -€39 | -1.3% |
| Recurring financial income | 75 | €2,972 | €2,408 | -€564 | -19.0% |
| Non-recurring financial income | 76B | - | €525 | +€525 | |
| Financial charges | 65/66B | €2,227 | €1,045 | -€1,181 | -53.0% |
| Recurring financial charges | 65 | €1,379 | €1,045 | -€334 | -24.2% |
| Non-recurring financial charges | 66B | €847 | - | -€847 | |
| Profit (loss) for the period before taxes | 9903 | €42,333 | €34,444 | -€7,889 | -18.6% |
| Income taxes | 67/77 | €9,412 | €11,450 | +€2,038 | +21.7% |
| Profit (loss) for the period | 9904 | €32,921 | €22,994 | -€9,927 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,921 | €22,994 | -€9,927 | -30.2% |
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 15 October 2026 via checked.be.