TSAR CONSULTING: what changed
What changed
TSAR CONSULTING
NACE 71.111, Activities of building architects
filed annual accounts (NBB)
Net result for the year
€101,471
2024 · €90,702+€10,770
Equity
€324,689
2024 · €240,918+€83,771
Cash
€226,930
2024 · €146,740+€80,190
Balance sheet total
€396,981
2024 · €315,164+€81,818
Largest movements
Assets
- Cash +€80,190
up €80,190 (+54.6%), from €146,740 to €226,930
mainly Net result for the year (+€101,471) and Tax, wage and social debts (+€19,667)
Equity and liabilities
- Reserves +€101,471
up €101,471 (+80.3%), from €126,418 to €227,889
of which Distributable reserves: +€101,471
- Other debts -€23,250
down €23,250 (-60.8%), from €38,250 to €15,000
- Tax, wage and social debts +€19,667
up €19,667 (+54.7%), from €35,976 to €55,643
of which Taxes: +€19,667
- Profit (loss) carried forward -€17,700
down €17,700 (-15.5%), from €114,500 to €96,800
Income statement
- Financial income +€9,816
up €9,816 (+100,991%), from €10 to €9,826
of which Non-recurring financial income: +€7,500
- Taxes +€7,437
up €7,437 (+22.1%), from €33,646 to €41,083
- Gross operating margin +€6,274
up €6,274 (+4.8%), from €131,765 to €138,038
- Other operating charges -€2,442
down €2,442 (-96.5%), from €2,529 to €88
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€90,702
Gross operating margin
+€6,274
Staff costs
+€180
Depreciation
-€245
Other operating charges
+€2,442
Financial income
+€9,816
Financial charges
-€260
Taxes
-€7,437
Result 2025
€101,471
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€100,080
Investment
-€2,190
Financing
-€17,700
Cash 2024
€146,740
From operations (derived)
+€100,080
Net result for the year
+€101,471
Depreciation
+€4,656
Receivables within one year
-€3,368
Deferred charges and accrued income
-€725
Trade debts
+€1,262
Tax, wage and social debts
+€19,667
Other debts
-€23,250
Accrued charges and deferred income
+€367
Investment (derived)
-€2,190
Investment in fixed assets (net)
-€2,190
Financing
-€17,700
Contributions, distributions and other
-€17,700
Cash 2025
€226,930
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €315,164 | €396,981 | +€81,818 | +26.0% |
| Fixed assets | 21/28 | €82,961 | €80,495 | -€2,466 | -3.0% |
| Tangible fixed assets | 22/27 | €80,459 | €77,993 | -€2,466 | -3.1% |
| Land and buildings | 22 | €77,280 | €74,760 | -€2,520 | -3.3% |
| Plant, machinery and equipment | 23 | €3,179 | €1,590 | -€1,590 | -50.0% |
| Furniture and vehicles | 24 | €0 | €1,644 | +€1,644 | |
| Financial fixed assets | 28 | €2,502 | €2,502 | = | 0.0% |
| Current assets | 29/58 | €232,203 | €316,486 | +€84,284 | +36.3% |
| Amounts receivable within one year | 40/41 | €85,463 | €88,831 | +€3,368 | +3.9% |
| Trade receivables | 40 | €52,201 | €42,492 | -€9,710 | -18.6% |
| Other amounts receivable | 41 | €33,261 | €46,339 | +€13,078 | +39.3% |
| Cash at bank and in hand | 54/58 | €146,740 | €226,930 | +€80,190 | +54.6% |
| Deferred charges and accrued income | 490/1 | €0 | €725 | +€725 | |
| Total equity and liabilities | 10/49 | €315,164 | €396,981 | +€81,818 | +26.0% |
| Equity | 10/15 | €240,918 | €324,689 | +€83,771 | +34.8% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €126,418 | €227,889 | +€101,471 | +80.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €124,559 | €226,030 | +€101,471 | +81.5% |
| Profit (loss) carried forward | 14 | €114,500 | €96,800 | -€17,700 | -15.5% |
| Amounts payable | 17/49 | €74,246 | €72,292 | -€1,954 | -2.6% |
| Amounts payable within one year | 42/48 | €74,246 | €71,925 | -€2,321 | -3.1% |
| Trade debts | 44 | €20 | €1,282 | +€1,262 | +6,232% |
| Suppliers | 440/4 | €20 | €1,282 | +€1,262 | +6,232% |
| Taxes, remuneration and social security | 45 | €35,976 | €55,643 | +€19,667 | +54.7% |
| Taxes | 450/3 | €35,976 | €55,643 | +€19,667 | +54.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €38,250 | €15,000 | -€23,250 | -60.8% |
| Accrued charges and deferred income | 492/3 | €0 | €367 | +€367 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €180 | €0 | -€180 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,411 | €4,656 | +€245 | +5.6% |
| Other operating charges | 640/8 | €2,529 | €88 | -€2,442 | -96.5% |
| Gross operating margin | 9900 | €131,765 | €138,038 | +€6,274 | +4.8% |
| Operating profit (loss) | 9901 | €124,645 | €133,295 | +€8,650 | +6.9% |
| Financial income | 75/76B | €10 | €9,826 | +€9,816 | +100,991% |
| Recurring financial income | 75 | €10 | €2,326 | +€2,316 | +23,830% |
| Non-recurring financial income | 76B | - | €7,500 | +€7,500 | |
| Financial charges | 65/66B | €307 | €567 | +€260 | +84.7% |
| Recurring financial charges | 65 | €307 | €567 | +€260 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | €124,347 | €142,554 | +€18,207 | +14.6% |
| Income taxes | 67/77 | €33,646 | €41,083 | +€7,437 | +22.1% |
| Profit (loss) for the period | 9904 | €90,702 | €101,471 | +€10,770 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €90,702 | €101,471 | +€10,770 | +11.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.