TSIpro: 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.
TSIpro
Largest movements
- Tangible fixed assets +€354,833
up €354,833 (+54.7%), from €648,560 to €1.0m
of which Land and buildings: +€358,406
- Receivables within one year -€222,527
down €222,527 (-85.1%), from €261,461 to €38,934
of which Trade receivables: -€224,745
- Stocks and contracts -€79,982
no longer reported in 2025 (was €79,982)
- Cash +€57,054
up €57,054 (+21.2%), from €269,222 to €326,276
mainly Net result for the year (+€349,077) and Receivables within one year (+€222,527)
- Reserves +€349,077
up €349,077 (+72.5%), from €481,400 to €830,477
of which Distributable reserves: +€349,077
- Trade debts -€103,842
down €103,842 (-94.0%), from €110,442 to €6,600
- Advances received -€101,829
no longer reported in 2025 (was €101,829)
- Debts after one year -€37,264
down €37,264 (-8.8%), from €422,620 to €385,356
- Tax, wage and social debts +€31,709
up €31,709 (+149%), from €21,344 to €53,052
of which Taxes: +€49,867
- Staff costs -€319,433
down €319,433 (-99.2%), from €321,941 to €2,508
- Gross operating margin -€158,731
down €158,731 (-21.0%), from €754,896 to €596,165
- Depreciation +€42,044
up €42,044 (+80.8%), from €52,057 to €94,102
- Taxes +€26,440
up €26,440 (+30.5%), from €86,612 to €113,052
- Write-downs +€8,289
new in 2025: €8,289
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 | €1,271,332 | €1,377,833 | +€106,501 | +8.4% |
| Fixed assets | 21/28 | €648,938 | €1,006,742 | +€357,804 | +55.1% |
| Intangible fixed assets | 21 | €379 | €3,350 | +€2,971 | +785% |
| Tangible fixed assets | 22/27 | €648,560 | €1,003,392 | +€354,833 | +54.7% |
| Land and buildings | 22 | €583,210 | €941,615 | +€358,406 | +61.5% |
| Plant, machinery and equipment | 23 | €20,916 | €31,996 | +€11,080 | +53.0% |
| Furniture and vehicles | 24 | €44,001 | €29,781 | -€14,220 | -32.3% |
| Leasing and similar rights | 25 | €433 | - | -€433 | |
| Current assets | 29/58 | €622,393 | €371,091 | -€251,302 | -40.4% |
| Stocks and contracts in progress | 3 | €79,982 | - | -€79,982 | |
| Contracts in progress | 37 | €79,982 | - | -€79,982 | |
| Amounts receivable within one year | 40/41 | €261,461 | €38,934 | -€222,527 | -85.1% |
| Trade receivables | 40 | €257,159 | €32,414 | -€224,745 | -87.4% |
| Other amounts receivable | 41 | €4,302 | €6,520 | +€2,218 | +51.6% |
| Cash at bank and in hand | 54/58 | €269,222 | €326,276 | +€57,054 | +21.2% |
| Deferred charges and accrued income | 490/1 | €11,729 | €5,881 | -€5,848 | -49.9% |
| Total equity and liabilities | 10/49 | €1,271,332 | €1,377,833 | +€106,501 | +8.4% |
| Equity | 10/15 | €500,000 | €849,077 | +€349,077 | +69.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €481,400 | €830,477 | +€349,077 | +72.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €479,540 | €828,617 | +€349,077 | +72.8% |
| Amounts payable | 17/49 | €771,332 | €528,755 | -€242,576 | -31.4% |
| Amounts payable after more than one year | 17 | €422,620 | €385,356 | -€37,264 | -8.8% |
| Financial debts | 170/4 | €422,620 | €385,356 | -€37,264 | -8.8% |
| Amounts payable within one year | 42/48 | €344,407 | €142,022 | -€202,385 | -58.8% |
| Current portion of amounts payable after more than one year | 42 | €36,840 | €37,264 | +€424 | +1.2% |
| Trade debts | 44 | €110,442 | €6,600 | -€103,842 | -94.0% |
| Suppliers | 440/4 | €110,442 | €6,600 | -€103,842 | -94.0% |
| Advances received on contracts in progress | 46 | €101,829 | - | -€101,829 | |
| Taxes, remuneration and social security | 45 | €21,344 | €53,052 | +€31,709 | +149% |
| Taxes | 450/3 | €3,185 | €53,052 | +€49,867 | +1,566% |
| Remuneration and social security | 454/9 | €18,159 | - | -€18,159 | |
| Other amounts payable | 47/48 | €73,951 | €45,105 | -€28,846 | -39.0% |
| Accrued charges and deferred income | 492/3 | €4,305 | €1,378 | -€2,927 | -68.0% |
| Remuneration, social security and pensions | 62 | €321,941 | €2,508 | -€319,433 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,057 | €94,102 | +€42,044 | +80.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,289 | +€8,289 | |
| Other operating charges | 640/8 | €4,530 | €6,384 | +€1,854 | +40.9% |
| Gross operating margin | 9900 | €754,896 | €596,165 | -€158,731 | -21.0% |
| Operating profit (loss) | 9901 | €376,367 | €484,883 | +€108,516 | +28.8% |
| Financial income | 75/76B | €60 | €103 | +€42 | +70.3% |
| Recurring financial income | 75 | €60 | €103 | +€42 | +70.3% |
| Financial charges | 65/66B | €23,276 | €22,856 | -€419 | -1.8% |
| Recurring financial charges | 65 | €23,276 | €22,856 | -€419 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €353,152 | €462,129 | +€108,977 | +30.9% |
| Income taxes | 67/77 | €86,612 | €113,052 | +€26,440 | +30.5% |
| Profit (loss) for the period | 9904 | €266,540 | €349,077 | +€82,537 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €266,540 | €349,077 | +€82,537 | +31.0% |
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 15 October 2026 via checked.be.