Tsira: 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.
Tsira
Largest movements
- Receivables within one year -€151,182
down €151,182 (-55.2%), from €273,699 to €122,517
of which Trade receivables: -€151,736
- Trade debts -€162,769
down €162,769 (-94.9%), from €171,499 to €8,730
- Profit (loss) carried forward +€17,306
up €17,306 (+24.0%), from -€72,118 to -€54,812
- Tax, wage and social debts -€6,050
down €6,050 (-53.7%), from €11,260 to €5,210
- Gross operating margin +€17,955
up €17,955 (+405.5%), from €4,428 to €22,383
- Taxes -€6,053
down €6,053 (-53.7%), from €11,265 to €5,212
- Financial income +€1,976
new in 2026: €1,976
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,138 | €122,625 | -€151,513 | -55.3% |
| Current assets | 29/58 | €274,138 | €122,625 | -€151,513 | -55.3% |
| Amounts receivable within one year | 40/41 | €273,699 | €122,517 | -€151,182 | -55.2% |
| Trade receivables | 40 | €272,953 | €121,217 | -€151,736 | -55.6% |
| Other amounts receivable | 41 | €746 | €1,299 | +€554 | +74.3% |
| Cash at bank and in hand | 54/58 | €439 | €108 | -€331 | -75.4% |
| Total equity and liabilities | 10/49 | €274,138 | €122,625 | -€151,513 | -55.3% |
| Equity | 10/15 | €66,457 | €83,762 | +€17,306 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,974 | €119,974 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,149 | €6,149 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,149 | €6,149 | = | 0.0% |
| Distributable reserves | 133 | €113,826 | €113,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,118 | -€54,812 | +€17,306 | +24.0% |
| Amounts payable | 17/49 | €207,682 | €38,863 | -€168,819 | -81.3% |
| Amounts payable within one year | 42/48 | €183,682 | €14,863 | -€168,819 | -91.9% |
| Trade debts | 44 | €171,499 | €8,730 | -€162,769 | -94.9% |
| Suppliers | 440/4 | €171,499 | €8,730 | -€162,769 | -94.9% |
| Taxes, remuneration and social security | 45 | €11,260 | €5,210 | -€6,050 | -53.7% |
| Taxes | 450/3 | €11,260 | €5,210 | -€6,050 | -53.7% |
| Other amounts payable | 47/48 | €923 | €923 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €24,000 | €24,000 | = | 0.0% |
| Other operating charges | 640/8 | €716 | €766 | +€50 | +7.0% |
| Gross operating margin | 9900 | €4,428 | €22,383 | +€17,955 | +405.5% |
| Operating profit (loss) | 9901 | €3,712 | €21,617 | +€17,905 | +482.4% |
| Financial income | 75/76B | - | €1,976 | +€1,976 | |
| Recurring financial income | 75 | - | €1,976 | +€1,976 | |
| Financial charges | 65/66B | €860 | €1,075 | +€215 | +25.0% |
| Recurring financial charges | 65 | €860 | €1,075 | +€215 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €2,852 | €22,518 | +€19,666 | +689.6% |
| Income taxes | 67/77 | €11,265 | €5,212 | -€6,053 | -53.7% |
| Profit (loss) for the period | 9904 | -€8,413 | €17,306 | +€25,719 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,413 | €17,306 | +€25,719 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.