TSI CONCEPT: 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.
TSI CONCEPT
Largest movements
- Receivables within one year +€17,193
up €17,193 (+45.0%), from €38,221 to €55,414
of which Other amounts receivable: +€22,722
- Receivables after one year +€10,500
new in 2025: €10,500
- Financial fixed assets -€4,200
down €4,200 (-69.0%), from €6,083 to €1,883
- Cash +€2,791
up €2,791 (+34.0%), from €8,205 to €10,996
mainly Net result for the year (+€23,144) and Tax, wage and social debts (+€15,291)
- Tangible fixed assets +€1,946
up €1,946 (+31.2%), from €6,244 to €8,190
- Profit (loss) carried forward +€18,144
up €18,144 (+67.9%), from €26,740 to €44,884
- Tax, wage and social debts +€15,291
up €15,291 (+114.3%), from €13,373 to €28,664
of which Taxes: +€15,834
- Advances received -€9,556
no longer reported in 2025 (was €9,556)
- Trade debts +€4,243
up €4,243 (+109.7%), from €3,869 to €8,112
- Depreciation +€3,213
up €3,213 (+51.4%), from €6,250 to €9,463
- Gross operating margin +€1,681
up €1,681 (+4.6%), from €36,572 to €38,253
- Staff costs -€978
down €978 (-93.3%), from €1,049 to €71
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 | €58,753 | €86,983 | +€28,230 | +48.0% |
| Fixed assets | 21/28 | €12,327 | €10,073 | -€2,254 | -18.3% |
| Tangible fixed assets | 22/27 | €6,244 | €8,190 | +€1,946 | +31.2% |
| Furniture and vehicles | 24 | €6,244 | €8,190 | +€1,946 | +31.2% |
| Financial fixed assets | 28 | €6,083 | €1,883 | -€4,200 | -69.0% |
| Current assets | 29/58 | €46,426 | €76,910 | +€30,484 | +65.7% |
| Amounts receivable after more than one year | 29 | - | €10,500 | +€10,500 | |
| Other amounts receivable | 291 | - | €10,500 | +€10,500 | |
| Amounts receivable within one year | 40/41 | €38,221 | €55,414 | +€17,193 | +45.0% |
| Trade receivables | 40 | €32,148 | €26,619 | -€5,529 | -17.2% |
| Other amounts receivable | 41 | €6,073 | €28,795 | +€22,722 | +374.2% |
| Cash at bank and in hand | 54/58 | €8,205 | €10,996 | +€2,791 | +34.0% |
| Total equity and liabilities | 10/49 | €58,753 | €86,983 | +€28,230 | +48.0% |
| Equity | 10/15 | €26,740 | €44,884 | +€18,144 | +67.9% |
| Profit (loss) carried forward | 14 | €26,740 | €44,884 | +€18,144 | +67.9% |
| Amounts payable | 17/49 | €32,012 | €42,099 | +€10,086 | +31.5% |
| Amounts payable within one year | 42/48 | €32,012 | €42,099 | +€10,086 | +31.5% |
| Trade debts | 44 | €3,869 | €8,112 | +€4,243 | +109.7% |
| Suppliers | 440/4 | €3,869 | €8,112 | +€4,243 | +109.7% |
| Advances received on contracts in progress | 46 | €9,556 | - | -€9,556 | |
| Taxes, remuneration and social security | 45 | €13,373 | €28,664 | +€15,291 | +114.3% |
| Taxes | 450/3 | €12,830 | €28,664 | +€15,834 | +123.4% |
| Remuneration and social security | 454/9 | €543 | - | -€543 | |
| Other amounts payable | 47/48 | €5,215 | €5,322 | +€108 | +2.1% |
| Remuneration, social security and pensions | 62 | €1,049 | €71 | -€978 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,250 | €9,463 | +€3,213 | +51.4% |
| Other operating charges | 640/8 | €770 | €712 | -€58 | -7.5% |
| Gross operating margin | 9900 | €36,572 | €38,253 | +€1,681 | +4.6% |
| Operating profit (loss) | 9901 | €28,504 | €28,008 | -€496 | -1.7% |
| Financial charges | 65/66B | €246 | €139 | -€107 | -43.6% |
| Recurring financial charges | 65 | €246 | €139 | -€107 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €28,258 | €27,869 | -€389 | -1.4% |
| Income taxes | 67/77 | €4,764 | €4,726 | -€39 | -0.8% |
| Profit (loss) for the period | 9904 | €23,494 | €23,144 | -€350 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,494 | €23,144 | -€350 | -1.5% |
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 2 October 2026 via checked.be.