TSB: 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.
TSB
Largest movements
- Tangible fixed assets -€40,025
down €40,025 (-19.8%), from €202,216 to €162,192
of which Furniture and vehicles: -€20,881
- Receivables within one year +€17,445
up €17,445 (+3.3%), from €523,779 to €541,224
of which Trade receivables: +€9,351
- Reserves -€121,848
down €121,848 (-96.0%), from €126,956 to €5,108
of which Distributable reserves: -€121,848
- Other debts +€120,000
up €120,000 (+51.1%), from €235,000 to €355,000
- Trade debts +€34,938
up €34,938 (+65.2%), from €53,579 to €88,517
- Tax, wage and social debts -€32,546
down €32,546 (-37.4%), from €87,054 to €54,508
of which Taxes: -€25,467
- Debts after one year -€18,076
down €18,076 (-11.4%), from €158,550 to €140,474
of which Financial debts: -€39,997
- Gross operating margin -€88,733
down €88,733 (-19.0%), from €468,090 to €379,357
- Staff costs -€80,525
down €80,525 (-28.9%), from €278,836 to €198,311
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 | €742,634 | €717,403 | -€25,231 | -3.4% |
| Fixed assets | 21/28 | €202,216 | €162,192 | -€40,025 | -19.8% |
| Tangible fixed assets | 22/27 | €202,216 | €162,192 | -€40,025 | -19.8% |
| Land and buildings | 22 | €120,066 | €104,067 | -€15,999 | -13.3% |
| Plant, machinery and equipment | 23 | €13,897 | €10,752 | -€3,145 | -22.6% |
| Furniture and vehicles | 24 | €68,254 | €47,373 | -€20,881 | -30.6% |
| Current assets | 29/58 | €540,417 | €555,211 | +€14,794 | +2.7% |
| Stocks and contracts in progress | 3 | €238 | €856 | +€618 | +260% |
| Stocks | 30/36 | €238 | €856 | +€618 | +260% |
| Amounts receivable within one year | 40/41 | €523,779 | €541,224 | +€17,445 | +3.3% |
| Trade receivables | 40 | €523,779 | €533,130 | +€9,351 | +1.8% |
| Other amounts receivable | 41 | - | €8,094 | +€8,094 | |
| Cash at bank and in hand | 54/58 | €16,400 | €13,131 | -€3,269 | -19.9% |
| Total equity and liabilities | 10/49 | €742,634 | €717,403 | -€25,231 | -3.4% |
| Equity | 10/15 | €145,556 | €23,708 | -€121,848 | -83.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,956 | €5,108 | -€121,848 | -96.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €125,096 | €3,248 | -€121,848 | -97.4% |
| Amounts payable | 17/49 | €597,078 | €693,695 | +€96,617 | +16.2% |
| Amounts payable after more than one year | 17 | €158,550 | €140,474 | -€18,076 | -11.4% |
| Financial debts | 170/4 | €106,795 | €66,798 | -€39,997 | -37.5% |
| Other amounts payable | 178/9 | €51,755 | €73,675 | +€21,920 | +42.4% |
| Amounts payable within one year | 42/48 | €438,528 | €553,021 | +€114,493 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €47,896 | €39,997 | -€7,899 | -16.5% |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Credit institutions | 430/8 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €53,579 | €88,517 | +€34,938 | +65.2% |
| Suppliers | 440/4 | €53,579 | €88,517 | +€34,938 | +65.2% |
| Taxes, remuneration and social security | 45 | €87,054 | €54,508 | -€32,546 | -37.4% |
| Taxes | 450/3 | €44,222 | €18,755 | -€25,467 | -57.6% |
| Remuneration and social security | 454/9 | €42,832 | €35,752 | -€7,080 | -16.5% |
| Other amounts payable | 47/48 | €235,000 | €355,000 | +€120,000 | +51.1% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Remuneration, social security and pensions | 62 | €278,836 | €198,311 | -€80,525 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,123 | €41,979 | +€856 | +2.1% |
| Other operating charges | 640/8 | €4,617 | €2,758 | -€1,859 | -40.3% |
| Gross operating margin | 9900 | €468,090 | €379,357 | -€88,733 | -19.0% |
| Operating profit (loss) | 9901 | €143,514 | €136,309 | -€7,204 | -5.0% |
| Financial income | 75/76B | €546 | €3,850 | +€3,304 | +605% |
| Recurring financial income | 75 | €546 | €3,850 | +€3,304 | +605% |
| Financial charges | 65/66B | €12,178 | €10,101 | -€2,077 | -17.1% |
| Recurring financial charges | 65 | €12,178 | €10,101 | -€2,077 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €131,882 | €130,059 | -€1,823 | -1.4% |
| Income taxes | 67/77 | €43,066 | €41,906 | -€1,160 | -2.7% |
| Profit (loss) for the period | 9904 | €88,815 | €88,152 | -€663 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,815 | €88,152 | -€663 | -0.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.