TSK Industriebouw: 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.
TSK Industriebouw
Largest movements
- Cash +€87,687
up €87,687 (+4.2%), from €2.1m to €2.2m
mainly Net result for the year (+€504,795) and Depreciation (+€8,439)
- Tangible fixed assets +€73,149
up €73,149 (+715.2%), from €10,228 to €83,377
of which Furniture and vehicles: +€72,446
- Profit (loss) carried forward +€462,695
up €462,695 (+18.6%), from €2.5m to €3.0m
- Tax, wage and social debts -€125,739
down €125,739 (-57.9%), from €217,107 to €91,368
of which Taxes: -€122,693
- Trade debts -€106,833
down €106,833 (-33.7%), from €316,740 to €209,906
- Other debts -€90,000
down €90,000 (-86.6%), from €103,960 to €13,960
- Reserves +€42,100
up €42,100 (+19.8%), from €212,360 to €254,460
of which Distributable reserves: +€210,500
- Gross operating margin +€189,750
up €189,750 (+14.2%), from €1.3m to €1.5m
- Staff costs +€44,396
up €44,396 (+5.4%), from €828,593 to €872,989
- Taxes +€35,760
up €35,760 (+27.0%), from €132,663 to €168,423
- Write-downs -€28,000
no longer reported in 2025 (was €28,000)
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 | €3,344,504 | €3,526,726 | +€182,223 | +5.4% |
| Fixed assets | 21/28 | €10,228 | €83,377 | +€73,149 | +715.2% |
| Tangible fixed assets | 22/27 | €10,228 | €83,377 | +€73,149 | +715.2% |
| Plant, machinery and equipment | 23 | €884 | €1,587 | +€703 | +79.6% |
| Furniture and vehicles | 24 | €9,344 | €81,790 | +€72,446 | +775.3% |
| Current assets | 29/58 | €3,334,276 | €3,443,349 | +€109,074 | +3.3% |
| Amounts receivable within one year | 40/41 | €713,255 | €737,595 | +€24,340 | +3.4% |
| Trade receivables | 40 | €659,541 | €705,770 | +€46,230 | +7.0% |
| Other amounts receivable | 41 | €53,714 | €31,824 | -€21,890 | -40.8% |
| Current investments | 50/53 | €550,303 | €550,303 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,063,983 | €2,151,670 | +€87,687 | +4.2% |
| Deferred charges and accrued income | 490/1 | €6,735 | €3,781 | -€2,954 | -43.9% |
| Total equity and liabilities | 10/49 | €3,344,504 | €3,526,726 | +€182,223 | +5.4% |
| Equity | 10/15 | €2,706,697 | €3,211,492 | +€504,795 | +18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €212,360 | €254,460 | +€42,100 | +19.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €42,100 | -€168,400 | -80.0% |
| Distributable reserves | 133 | - | €210,500 | +€210,500 | |
| Profit (loss) carried forward | 14 | €2,488,137 | €2,950,832 | +€462,695 | +18.6% |
| Amounts payable | 17/49 | €637,807 | €315,234 | -€322,572 | -50.6% |
| Amounts payable within one year | 42/48 | €637,807 | €315,234 | -€322,572 | -50.6% |
| Trade debts | 44 | €316,740 | €209,906 | -€106,833 | -33.7% |
| Suppliers | 440/4 | €316,740 | €209,906 | -€106,833 | -33.7% |
| Taxes, remuneration and social security | 45 | €217,107 | €91,368 | -€125,739 | -57.9% |
| Taxes | 450/3 | €135,002 | €12,310 | -€122,693 | -90.9% |
| Remuneration and social security | 454/9 | €82,105 | €79,058 | -€3,047 | -3.7% |
| Other amounts payable | 47/48 | €103,960 | €13,960 | -€90,000 | -86.6% |
| Remuneration, social security and pensions | 62 | €828,593 | €872,989 | +€44,396 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,357 | €8,439 | -€7,918 | -48.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €28,000 | - | -€28,000 | |
| Other operating charges | 640/8 | €2,012 | €2,055 | +€43 | +2.1% |
| Gross operating margin | 9900 | €1,334,115 | €1,523,865 | +€189,750 | +14.2% |
| Operating profit (loss) | 9901 | €459,152 | €640,381 | +€181,229 | +39.5% |
| Financial income | 75/76B | €23,692 | €34,020 | +€10,328 | +43.6% |
| Recurring financial income | 75 | €23,692 | €34,020 | +€10,328 | +43.6% |
| Financial charges | 65/66B | €1,455 | €1,184 | -€272 | -18.7% |
| Recurring financial charges | 65 | €1,455 | €1,184 | -€272 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €481,389 | €673,218 | +€191,829 | +39.8% |
| Income taxes | 67/77 | €132,663 | €168,423 | +€35,760 | +27.0% |
| Profit (loss) for the period | 9904 | €348,726 | €504,795 | +€156,069 | +44.8% |
| Transfer from tax-exempt reserves | 789 | - | €210,500 | +€210,500 | |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €348,726 | €673,195 | +€324,469 | +93.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.