TSHIBOSAB: 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.
TSHIBOSAB
Largest movements
- Tangible fixed assets -€53,252
down €53,252 (-14.2%), from €375,500 to €322,248
of which Land and buildings: -€45,620
- Cash +€8,692
up €8,692 (+205.9%), from €4,221 to €12,913
mainly Other debts (+€81,085) and Depreciation (+€53,252)
- Reserves -€121,802
down €121,802 (-51.0%), from €238,724 to €116,921
of which Distributable reserves: -€238,724
- Other debts +€81,085
up €81,085 (+29250.5%), from €277 to €81,363
- Gross operating margin +€25,671
up €25,671 (+51.4%), from €49,897 to €75,568
- Turnover +€15,462
up €15,462 (+18.8%), from €82,188 to €97,650
- Purchases and services -€12,964
down €12,964 (-37.0%), from €35,045 to €22,082
- Financial income -€4,511
no longer reported in 2025 (was €4,511)
- Staff costs -€4,251
no longer reported in 2025 (was €4,251)
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 | €477,057 | €430,355 | -€46,703 | -9.8% |
| Fixed assets | 21/28 | €376,500 | €322,248 | -€54,252 | -14.4% |
| Tangible fixed assets | 22/27 | €375,500 | €322,248 | -€53,252 | -14.2% |
| Land and buildings | 22 | €338,105 | €292,485 | -€45,620 | -13.5% |
| Furniture and vehicles | 24 | €37,394 | €29,763 | -€7,631 | -20.4% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €100,558 | €108,107 | +€7,549 | +7.5% |
| Amounts receivable within one year | 40/41 | €88,000 | €88,000 | = | 0.0% |
| Trade receivables | 40 | - | €13,000 | +€13,000 | |
| Other amounts receivable | 41 | €88,000 | €75,000 | -€13,000 | -14.8% |
| Cash at bank and in hand | 54/58 | €4,221 | €12,913 | +€8,692 | +205.9% |
| Deferred charges and accrued income | 490/1 | €8,337 | €7,194 | -€1,143 | -13.7% |
| Total equity and liabilities | 10/49 | €477,057 | €430,355 | -€46,703 | -9.8% |
| Equity | 10/15 | €455,113 | €331,451 | -€123,662 | -27.2% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €238,724 | €116,921 | -€121,802 | -51.0% |
| Non-distributable reserves | 130/1 | - | €116,921 | +€116,921 | |
| Other | 1319 | - | €116,921 | +€116,921 | |
| Distributable reserves | 133 | €238,724 | - | -€238,724 | |
| Profit (loss) carried forward | 14 | €195,929 | €195,929 | = | 0.0% |
| Amounts payable | 17/49 | €21,944 | €98,904 | +€76,960 | +350.7% |
| Amounts payable after more than one year | 17 | €7,500 | €7,500 | = | 0.0% |
| Other amounts payable | 178/9 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,268 | €90,228 | +€76,960 | +580.0% |
| Current portion of amounts payable after more than one year | 42 | €3,754 | - | -€3,754 | |
| Trade debts | 44 | €1,784 | €1,255 | -€529 | -29.7% |
| Suppliers | 440/4 | €1,784 | €1,255 | -€529 | -29.7% |
| Taxes, remuneration and social security | 45 | €7,454 | €7,611 | +€157 | +2.1% |
| Taxes | 450/3 | €7,454 | €7,611 | +€157 | +2.1% |
| Other amounts payable | 47/48 | €277 | €81,363 | +€81,085 | +29250.5% |
| Accrued charges and deferred income | 492/3 | €1,176 | €1,176 | = | 0.0% |
| Turnover | 70 | €82,188 | €97,650 | +€15,462 | +18.8% |
| Non-recurring operating income | 76A | €2,755 | - | -€2,755 | |
| Goods, raw materials, services and sundry goods | 60/61 | €35,045 | €22,082 | -€12,964 | -37.0% |
| Remuneration, social security and pensions | 62 | €4,251 | - | -€4,251 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,894 | €53,252 | -€642 | -1.2% |
| Other operating charges | 640/8 | €10,186 | €11,212 | +€1,025 | +10.1% |
| Gross operating margin | 9900 | €49,897 | €75,568 | +€25,671 | +51.4% |
| Operating profit (loss) | 9901 | -€18,434 | €11,105 | +€29,539 | |
| Financial income | 75/76B | €4,511 | - | -€4,511 | |
| Recurring financial income | 75 | €4,511 | - | -€4,511 | |
| Financial charges | 65/66B | €581 | €359 | -€222 | -38.2% |
| Recurring financial charges | 65 | €581 | €359 | -€222 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,503 | €10,746 | +€25,249 | |
| Income taxes | 67/77 | -€598 | €977 | +€1,575 | |
| Profit (loss) for the period | 9904 | -€13,905 | €9,769 | +€23,674 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,905 | €9,769 | +€23,674 |
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.