TSF SUPPLY: 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 SUPPLY
Largest movements
- Stocks and contracts -€157,620
down €157,620 (-61.2%), from €257,726 to €100,105
- Cash +€60,624
up €60,624 (+11.4%), from €529,751 to €590,374
mainly Stocks and contracts (+€157,620) and Other debts (+€74,725)
- Receivables within one year +€55,078
up €55,078 (+98.1%), from €56,128 to €111,205
of which Trade receivables: +€106,449
- Trade debts -€147,796
down €147,796 (-45.9%), from €322,204 to €174,409
- Other debts +€74,725
up €74,725 (+548%), from €13,625 to €88,350
- Profit (loss) carried forward +€23,436
up €23,436 (+6.0%), from €393,203 to €416,639
- Gross operating margin +€83,943
up €83,943 (+58.3%), from €143,986 to €227,929
- Other operating charges +€8,644
up €8,644 (+30.5%), from €28,385 to €37,029
- Staff costs -€5,824
down €5,824 (-3.8%), from €152,838 to €147,013
- Financial charges +€5,060
up €5,060 (+94.1%), from €5,379 to €10,439
- Financial income -€3,812
down €3,812 (-95.6%), from €3,988 to €176
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 | €914,997 | €869,274 | -€45,723 | -5.0% |
| Fixed assets | 21/28 | €67,691 | €63,391 | -€4,300 | -6.4% |
| Tangible fixed assets | 22/27 | €24,806 | €16,674 | -€8,132 | -32.8% |
| Furniture and vehicles | 24 | €24,806 | €16,674 | -€8,132 | -32.8% |
| Financial fixed assets | 28 | €42,885 | €46,717 | +€3,832 | +8.9% |
| Current assets | 29/58 | €847,306 | €805,883 | -€41,423 | -4.9% |
| Stocks and contracts in progress | 3 | €257,726 | €100,105 | -€157,620 | -61.2% |
| Stocks | 30/36 | €257,726 | €100,105 | -€157,620 | -61.2% |
| Amounts receivable within one year | 40/41 | €56,128 | €111,205 | +€55,078 | +98.1% |
| Trade receivables | 40 | - | €106,449 | +€106,449 | |
| Other amounts receivable | 41 | €56,128 | €4,756 | -€51,371 | -91.5% |
| Cash at bank and in hand | 54/58 | €529,751 | €590,374 | +€60,624 | +11.4% |
| Deferred charges and accrued income | 490/1 | €3,702 | €4,197 | +€496 | +13.4% |
| Total equity and liabilities | 10/49 | €914,997 | €869,274 | -€45,723 | -5.0% |
| Equity | 10/15 | €562,703 | €586,139 | +€23,436 | +4.2% |
| Reserves | 13 | €169,500 | €169,500 | = | 0.0% |
| Distributable reserves | 133 | €169,500 | €169,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393,203 | €416,639 | +€23,436 | +6.0% |
| Amounts payable | 17/49 | €352,294 | €283,134 | -€69,160 | -19.6% |
| Amounts payable within one year | 42/48 | €352,294 | €283,134 | -€69,160 | -19.6% |
| Trade debts | 44 | €322,204 | €174,409 | -€147,796 | -45.9% |
| Suppliers | 440/4 | €322,204 | €174,409 | -€147,796 | -45.9% |
| Taxes, remuneration and social security | 45 | €16,464 | €20,375 | +€3,911 | +23.8% |
| Taxes | 450/3 | €213 | €220 | +€6 | +2.9% |
| Remuneration and social security | 454/9 | €16,251 | €20,156 | +€3,905 | +24.0% |
| Other amounts payable | 47/48 | €13,625 | €88,350 | +€74,725 | +548% |
| Remuneration, social security and pensions | 62 | €152,838 | €147,013 | -€5,824 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,840 | €8,132 | -€1,708 | -17.4% |
| Other operating charges | 640/8 | €28,385 | €37,029 | +€8,644 | +30.5% |
| Gross operating margin | 9900 | €143,986 | €227,929 | +€83,943 | +58.3% |
| Operating profit (loss) | 9901 | -€47,077 | €35,755 | +€82,832 | |
| Financial income | 75/76B | €3,988 | €176 | -€3,812 | -95.6% |
| Recurring financial income | 75 | €3,988 | €176 | -€3,812 | -95.6% |
| Financial charges | 65/66B | €5,379 | €10,439 | +€5,060 | +94.1% |
| Recurring financial charges | 65 | €5,379 | €10,439 | +€5,060 | +94.1% |
| Profit (loss) for the period before taxes | 9903 | -€48,467 | €25,493 | +€73,960 | |
| Income taxes | 67/77 | €3,498 | €2,056 | -€1,442 | -41.2% |
| Profit (loss) for the period | 9904 | -€51,965 | €23,436 | +€75,402 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,965 | €23,436 | +€75,402 |
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 21 October 2026 via checked.be.