TSBM: 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.
What changed
TSBM
NACE 95.319, Other maintenance and repair of motor vehicles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€18,506
2024 · -€396-€18,110
Equity
-€15,901
2024 · €2,604-€18,506
Cash
€8,530
2024 · €8,371+€159
Balance sheet total
€815,644
2024 · €803,128+€12,517
Largest movements
Assets
- Receivables within one year +€13,869
up €13,869 (+16.4%), from €84,822 to €98,692
of which Other amounts receivable: +€36,830
Equity and liabilities
- Trade debts +€24,063
up €24,063 (+44.2%), from €54,487 to €78,550
- Profit (loss) carried forward -€18,506
down €18,506 (-4674.2%), from -€396 to -€18,901
- Short-term financial debts +€11,283
up €11,283 (+67.5%), from €16,714 to €27,997
Income statement
- Staff costs +€19,248
new in 2025: €19,248
- Other operating charges -€15,278
down €15,278 (-72.5%), from €21,072 to €5,794
- Depreciation +€7,295
up €7,295 (+33.9%), from €21,530 to €28,825
- Financial charges +€6,031
up €6,031 (+20.9%), from €28,813 to €34,844
- Gross operating margin -€1,270
down €1,270 (-1.8%), from €71,319 to €70,049
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.
Result 2024
-€396
Gross operating margin
-€1,270
Staff costs
-€19,248
Depreciation
-€7,295
Other operating charges
+€15,278
Financial income
+€116
Financial charges
-€6,031
Taxes
+€339
Result 2025
-€18,506
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.
From operations
+€20,310
Investment
-€27,261
Financing
+€7,110
Cash 2024
€8,371
From operations (derived)
+€20,310
Net result for the year
-€18,506
Depreciation
+€28,825
Receivables within one year
-€13,869
Deferred charges and accrued income
-€53
Trade debts
+€24,063
Tax, wage and social debts
+€6,048
Advances received
-€2,375
Other debts
-€2,637
Accrued charges and deferred income
-€1,187
Investment (derived)
-€27,261
Investment in fixed assets (net)
-€27,261
Financing
+€7,110
Debts after one year
-€6,631
Current portion of long-term debt
+€2,458
Short-term financial debts
+€11,283
Cash 2025
€8,530
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €803,128 | €815,644 | +€12,517 | +1.6% |
| Fixed assets | 21/28 | €696,238 | €694,674 | -€1,564 | -0.2% |
| Tangible fixed assets | 22/27 | €695,788 | €694,224 | -€1,564 | -0.2% |
| Land and buildings | 22 | €675,046 | €681,815 | +€6,769 | +1.0% |
| Furniture and vehicles | 24 | €20,742 | €12,409 | -€8,333 | -40.2% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €106,890 | €120,971 | +€14,081 | +13.2% |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Stocks | 30/36 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €84,822 | €98,692 | +€13,869 | +16.4% |
| Trade receivables | 40 | €84,822 | €61,862 | -€22,961 | -27.1% |
| Other amounts receivable | 41 | - | €36,830 | +€36,830 | |
| Cash at bank and in hand | 54/58 | €8,371 | €8,530 | +€159 | +1.9% |
| Deferred charges and accrued income | 490/1 | €1,196 | €1,249 | +€53 | +4.4% |
| Total equity and liabilities | 10/49 | €803,128 | €815,644 | +€12,517 | +1.6% |
| Equity | 10/15 | €2,604 | -€15,901 | -€18,506 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€396 | -€18,901 | -€18,506 | -4674.2% |
| Amounts payable | 17/49 | €800,524 | €831,546 | +€31,022 | +3.9% |
| Amounts payable after more than one year | 17 | €689,275 | €682,644 | -€6,631 | -1.0% |
| Financial debts | 170/4 | €689,275 | €682,644 | -€6,631 | -1.0% |
| Amounts payable within one year | 42/48 | €110,049 | €148,889 | +€38,840 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €26,449 | €28,907 | +€2,458 | +9.3% |
| Financial debts | 43 | €16,714 | €27,997 | +€11,283 | +67.5% |
| Credit institutions | 430/8 | €16,714 | €27,997 | +€11,283 | +67.5% |
| Trade debts | 44 | €54,487 | €78,550 | +€24,063 | +44.2% |
| Suppliers | 440/4 | €54,487 | €78,550 | +€24,063 | +44.2% |
| Advances received on contracts in progress | 46 | €2,375 | - | -€2,375 | |
| Taxes, remuneration and social security | 45 | €7,388 | €13,435 | +€6,048 | +81.9% |
| Taxes | 450/3 | €7,388 | €10,899 | +€3,511 | +47.5% |
| Remuneration and social security | 454/9 | - | €2,536 | +€2,536 | |
| Other amounts payable | 47/48 | €2,637 | - | -€2,637 | |
| Accrued charges and deferred income | 492/3 | €1,200 | €13 | -€1,187 | -98.9% |
| Remuneration, social security and pensions | 62 | - | €19,248 | +€19,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,530 | €28,825 | +€7,295 | +33.9% |
| Other operating charges | 640/8 | €21,072 | €5,794 | -€15,278 | -72.5% |
| Gross operating margin | 9900 | €71,319 | €70,049 | -€1,270 | -1.8% |
| Operating profit (loss) | 9901 | €28,716 | €16,182 | -€12,534 | -43.6% |
| Financial income | 75/76B | €40 | €157 | +€116 | +289.5% |
| Recurring financial income | 75 | €40 | €157 | +€116 | +289.5% |
| Financial charges | 65/66B | €28,813 | €34,844 | +€6,031 | +20.9% |
| Recurring financial charges | 65 | €28,813 | €34,844 | +€6,031 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | -€57 | -€18,506 | -€18,449 | -32371.6% |
| Income taxes | 67/77 | €339 | - | -€339 | |
| Profit (loss) for the period | 9904 | -€396 | -€18,506 | -€18,110 | -4574.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€396 | -€18,506 | -€18,110 | -4574.2% |
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 4 October 2026 via checked.be.