TSH Services: 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.
TSH Services
Largest movements
- Tangible fixed assets +€2,131
up €2,131 (+1.3%), from €166,014 to €168,144
of which Plant, machinery and equipment: +€8,219
- Debts after one year -€10,783
down €10,783 (-10.2%), from €105,955 to €95,173
- Reserves +€7,366
up €7,366 (+9.3%), from €78,865 to €86,231
- Depreciation +€1,781
up €1,781 (+29.2%), from €6,089 to €7,869
- Taxes -€497
down €497 (-21.2%), from €2,338 to €1,842
- Financial charges -€237
down €237 (-11.4%), from €2,074 to €1,837
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,010 | €208,092 | -€918 | -0.4% |
| Fixed assets | 21/28 | €166,014 | €168,144 | +€2,131 | +1.3% |
| Tangible fixed assets | 22/27 | €166,014 | €168,144 | +€2,131 | +1.3% |
| Land and buildings | 22 | €166,014 | €159,925 | -€6,089 | -3.7% |
| Plant, machinery and equipment | 23 | - | €8,219 | +€8,219 | |
| Current assets | 29/58 | €42,996 | €39,948 | -€3,049 | -7.1% |
| Amounts receivable within one year | 40/41 | €15,635 | €14,306 | -€1,329 | -8.5% |
| Trade receivables | 40 | €14,851 | €10,148 | -€4,703 | -31.7% |
| Other amounts receivable | 41 | €783 | €4,158 | +€3,375 | +430.8% |
| Cash at bank and in hand | 54/58 | €27,361 | €25,641 | -€1,720 | -6.3% |
| Total equity and liabilities | 10/49 | €209,010 | €208,092 | -€918 | -0.4% |
| Equity | 10/15 | €83,865 | €91,231 | +€7,366 | +8.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,865 | €86,231 | +€7,366 | +9.3% |
| Distributable reserves | 133 | €78,865 | €86,231 | +€7,366 | +9.3% |
| Amounts payable | 17/49 | €125,145 | €116,861 | -€8,284 | -6.6% |
| Amounts payable after more than one year | 17 | €105,955 | €95,173 | -€10,783 | -10.2% |
| Financial debts | 170/4 | €105,955 | €95,173 | -€10,783 | -10.2% |
| Amounts payable within one year | 42/48 | €19,190 | €21,688 | +€2,498 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €10,627 | €10,783 | +€155 | +1.5% |
| Trade debts | 44 | €375 | €1,573 | +€1,198 | +319.3% |
| Suppliers | 440/4 | €375 | €1,573 | +€1,198 | +319.3% |
| Taxes, remuneration and social security | 45 | €5,651 | €6,021 | +€370 | +6.5% |
| Taxes | 450/3 | €5,651 | €6,021 | +€370 | +6.5% |
| Other amounts payable | 47/48 | €2,537 | €3,312 | +€776 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,089 | €7,869 | +€1,781 | +29.2% |
| Other operating charges | 640/8 | €1,203 | €1,239 | +€36 | +3.0% |
| Gross operating margin | 9900 | €20,090 | €20,153 | +€62 | +0.3% |
| Operating profit (loss) | 9901 | €12,799 | €11,044 | -€1,755 | -13.7% |
| Financial charges | 65/66B | €2,074 | €1,837 | -€237 | -11.4% |
| Recurring financial charges | 65 | €2,074 | €1,837 | -€237 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €10,726 | €9,208 | -€1,518 | -14.2% |
| Income taxes | 67/77 | €2,338 | €1,842 | -€497 | -21.2% |
| Profit (loss) for the period | 9904 | €8,387 | €7,366 | -€1,021 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,387 | €7,366 | -€1,021 | -12.2% |
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 6 October 2026 via checked.be.