TSITE: 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.
TSITE
Largest movements
- Tangible fixed assets -€269,264
down €269,264 (-4.1%), from €6.5m to €6.2m
of which Land and buildings: -€250,188
- Cash -€146,860
down €146,860 (-99.5%), from €147,639 to €779
mainly Debts after one year (-€356,166) and Receivables within one year (-€48,000)
- Debts after one year -€356,166
down €356,166 (-23.1%), from €1.5m to €1.2m
- Other operating charges +€27,888
up €27,888 (+18971.2%), from €147 to €28,035
- Gross operating margin -€22,840
down €22,840 (-6.8%), from €334,203 to €311,363
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 | €6,669,198 | €6,297,230 | -€371,968 | -5.6% |
| Fixed assets | 21/28 | €6,507,715 | €6,238,451 | -€269,264 | -4.1% |
| Tangible fixed assets | 22/27 | €6,507,715 | €6,238,451 | -€269,264 | -4.1% |
| Land and buildings | 22 | €6,306,119 | €6,055,931 | -€250,188 | -4.0% |
| Furniture and vehicles | 24 | €169,876 | €150,801 | -€19,076 | -11.2% |
| Assets under construction and advance payments | 27 | €31,719 | €31,719 | = | 0.0% |
| Current assets | 29/58 | €161,483 | €58,779 | -€102,704 | -63.6% |
| Amounts receivable within one year | 40/41 | €10,000 | €58,000 | +€48,000 | +480.0% |
| Other amounts receivable | 41 | €10,000 | €58,000 | +€48,000 | +480.0% |
| Cash at bank and in hand | 54/58 | €147,639 | €779 | -€146,860 | -99.5% |
| Deferred charges and accrued income | 490/1 | €3,845 | - | -€3,845 | |
| Total equity and liabilities | 10/49 | €6,669,198 | €6,297,230 | -€371,968 | -5.6% |
| Equity | 10/15 | €1,174 | -€3,310 | -€4,484 | |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,826 | -€93,310 | -€4,484 | -5.0% |
| Amounts payable | 17/49 | €6,668,024 | €6,300,540 | -€367,484 | -5.5% |
| Amounts payable after more than one year | 17 | €1,538,953 | €1,182,787 | -€356,166 | -23.1% |
| Financial debts | 170/4 | €1,538,953 | €1,182,787 | -€356,166 | -23.1% |
| Amounts payable within one year | 42/48 | €5,129,071 | €5,117,753 | -€11,318 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €352,575 | €356,166 | +€3,591 | +1.0% |
| Trade debts | 44 | €9,755 | €10,833 | +€1,078 | +11.1% |
| Suppliers | 440/4 | €9,755 | €10,833 | +€1,078 | +11.1% |
| Taxes, remuneration and social security | 45 | €17,756 | €17,754 | -€2 | 0.0% |
| Taxes | 450/3 | €17,756 | €17,754 | -€2 | 0.0% |
| Other amounts payable | 47/48 | €4,748,986 | €4,733,000 | -€15,986 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269,264 | €269,264 | = | 0.0% |
| Other operating charges | 640/8 | €147 | €28,035 | +€27,888 | +18971.2% |
| Gross operating margin | 9900 | €334,203 | €311,363 | -€22,840 | -6.8% |
| Operating profit (loss) | 9901 | €64,792 | €14,064 | -€50,728 | -78.3% |
| Financial charges | 65/66B | €21,824 | €18,549 | -€3,276 | -15.0% |
| Recurring financial charges | 65 | €21,824 | €18,549 | -€3,276 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €42,968 | -€4,484 | -€47,452 | |
| Profit (loss) for the period | 9904 | €42,968 | -€4,484 | -€47,452 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,968 | -€4,484 | -€47,452 |
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 11 October 2026 via checked.be.