TSF BRUXELLES: 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.
TSF BRUXELLES
Largest movements
- Cash -€3,549
down €3,549 (-94.0%), from €3,777 to €228
mainly Other debts (-€7,073)
- Receivables within one year -€1,868
down €1,868 (-6.9%), from €27,179 to €25,311
of which Other amounts receivable: -€12,228
- Other debts -€7,073
down €7,073 (-23.1%), from €30,620 to €23,547
- Trade debts +€1,458
up €1,458 (+305%), from €478 to €1,935
- Gross operating margin +€243
up €243 (+38.6%), from €629 to €872
- Other operating charges +€87
up €87 (+22.4%), from €387 to €474
- Financial charges +€81
up €81 (+68.7%), from €118 to €199
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 | €30,957 | €25,539 | -€5,418 | -17.5% |
| Current assets | 29/58 | €30,957 | €25,539 | -€5,418 | -17.5% |
| Amounts receivable within one year | 40/41 | €27,179 | €25,311 | -€1,868 | -6.9% |
| Trade receivables | 40 | €14,951 | €25,311 | +€10,360 | +69.3% |
| Other amounts receivable | 41 | €12,228 | - | -€12,228 | |
| Cash at bank and in hand | 54/58 | €3,777 | €228 | -€3,549 | -94.0% |
| Total equity and liabilities | 10/49 | €30,957 | €25,539 | -€5,418 | -17.5% |
| Equity | 10/15 | -€489 | -€290 | +€198 | +40.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,489 | -€5,290 | +€198 | +3.6% |
| Amounts payable | 17/49 | €31,445 | €25,830 | -€5,616 | -17.9% |
| Amounts payable within one year | 42/48 | €31,098 | €25,482 | -€5,616 | -18.1% |
| Trade debts | 44 | €478 | €1,935 | +€1,458 | +305% |
| Suppliers | 440/4 | €478 | €1,935 | +€1,458 | +305% |
| Other amounts payable | 47/48 | €30,620 | €23,547 | -€7,073 | -23.1% |
| Accrued charges and deferred income | 492/3 | €348 | €348 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €474 | +€87 | +22.4% |
| Gross operating margin | 9900 | €629 | €872 | +€243 | +38.6% |
| Operating profit (loss) | 9901 | €242 | €398 | +€156 | +64.5% |
| Financial charges | 65/66B | €118 | €199 | +€81 | +68.7% |
| Recurring financial charges | 65 | €118 | €199 | +€81 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €123 | €198 | +€75 | +60.6% |
| Profit (loss) for the period | 9904 | €123 | €198 | +€75 | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123 | €198 | +€75 | +60.6% |
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 29 October 2026 via checked.be.