TSKOOL: 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.
What changed
TSKOOL
NACE 77.223, Rental and leasing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9,246
2024 · -€9,157-€89
Equity
-€188,082
2024 · -€178,836-€9,246
Cash
€11,367
2024 · €7,030+€4,337
Balance sheet total
€1.3m
2024 · €1.4m-€50,973
Largest movements
Assets
- Tangible fixed assets -€52,451
down €52,451 (-4.0%), from €1.3m to €1.2m
of which Land and buildings: -€51,671
Equity and liabilities
- Debts after one year -€43,001
down €43,001 (-7.3%), from €587,835 to €544,834
Income statement
- Gross operating margin -€1,794
down €1,794 (-3.3%), from €54,488 to €52,693
- Other operating charges -€1,230
down €1,230 (-26.6%), from €4,617 to €3,387
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.
Result 2024
-€9,157
Gross operating margin
-€1,794
Depreciation
-€19
Other operating charges
+€1,230
Financial income
+€34
Financial charges
+€461
Result 2025
-€9,246
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.
From operations
+€46,907
Investment
€0
Financing
-€42,570
Cash 2024
€7,030
From operations (derived)
+€46,907
Net result for the year
-€9,246
Depreciation
+€52,451
Receivables within one year
+€2,861
Smaller working-capital items
+€108
Tax, wage and social debts
-€959
Other debts
+€1,692
Financing
-€42,570
Debts after one year
-€43,001
Current portion of long-term debt
+€431
Cash 2025
€11,367
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,365,053 | €1,314,081 | -€50,973 | -3.7% |
| Fixed assets | 21/28 | €1,299,508 | €1,247,057 | -€52,451 | -4.0% |
| Tangible fixed assets | 22/27 | €1,299,508 | €1,247,057 | -€52,451 | -4.0% |
| Land and buildings | 22 | €1,243,836 | €1,192,165 | -€51,671 | -4.2% |
| Plant, machinery and equipment | 23 | €3,574 | €2,794 | -€780 | -21.8% |
| Assets under construction and advance payments | 27 | €52,098 | €52,098 | = | 0.0% |
| Current assets | 29/58 | €65,545 | €67,024 | +€1,479 | +2.3% |
| Amounts receivable within one year | 40/41 | €58,317 | €55,456 | -€2,861 | -4.9% |
| Trade receivables | 40 | €51,814 | €50,897 | -€917 | -1.8% |
| Other amounts receivable | 41 | €6,503 | €4,559 | -€1,944 | -29.9% |
| Cash at bank and in hand | 54/58 | €7,030 | €11,367 | +€4,337 | +61.7% |
| Deferred charges and accrued income | 490/1 | €199 | €201 | +€2 | +1.2% |
| Total equity and liabilities | 10/49 | €1,365,053 | €1,314,081 | -€50,973 | -3.7% |
| Equity | 10/15 | -€178,836 | -€188,082 | -€9,246 | -5.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,836 | -€208,082 | -€9,246 | -4.7% |
| Amounts payable | 17/49 | €1,543,889 | €1,502,163 | -€41,726 | -2.7% |
| Amounts payable after more than one year | 17 | €587,835 | €544,834 | -€43,001 | -7.3% |
| Financial debts | 170/4 | €587,835 | €544,834 | -€43,001 | -7.3% |
| Amounts payable within one year | 42/48 | €956,054 | €957,329 | +€1,275 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €42,290 | €42,722 | +€431 | +1.0% |
| Trade debts | 44 | €65,309 | €65,420 | +€111 | +0.2% |
| Suppliers | 440/4 | €65,309 | €65,420 | +€111 | +0.2% |
| Taxes, remuneration and social security | 45 | €959 | - | -€959 | |
| Taxes | 450/3 | €959 | - | -€959 | |
| Other amounts payable | 47/48 | €847,496 | €849,188 | +€1,692 | +0.2% |
| Non-recurring operating income | 76A | €3,124 | - | -€3,124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,432 | €52,451 | +€19 | 0.0% |
| Other operating charges | 640/8 | €4,617 | €3,387 | -€1,230 | -26.6% |
| Gross operating margin | 9900 | €54,488 | €52,693 | -€1,794 | -3.3% |
| Operating profit (loss) | 9901 | -€2,561 | -€3,145 | -€584 | -22.8% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €6,596 | €6,135 | -€461 | -7.0% |
| Recurring financial charges | 65 | €6,596 | €6,135 | -€461 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,157 | -€9,246 | -€89 | -1.0% |
| Profit (loss) for the period | 9904 | -€9,157 | -€9,246 | -€89 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,157 | -€9,246 | -€89 | -1.0% |
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 5 October 2026 via checked.be.