TSLO: 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.
TSLO
Largest movements
- Cash -€26,909
down €26,909 (-37.5%), from €71,753 to €44,844
mainly Debts after one year (-€31,594) and Tax, wage and social debts (-€29,212)
- Receivables within one year +€12,917
new in 2025: €12,917
- Debts after one year -€31,594
down €31,594 (-11.9%), from €265,612 to €234,018
- Other debts +€30,937
up €30,937 (+103%), from €30,000 to €60,937
- Tax, wage and social debts -€29,212
down €29,212 (-88.1%), from €33,144 to €3,932
- Reserves +€16,000
up €16,000 (+22.9%), from €70,000 to €86,000
- Financial charges +€42,449
up €42,449 (+248%), from €17,141 to €59,591
- Financial income -€39,601
down €39,601 (-94.3%), from €42,000 to €2,399
- Gross operating margin -€22,585
down €22,585 (-21.8%), from €103,761 to €81,176
- Taxes -€21,917
down €21,917 (-75.5%), from €29,038 to €7,121
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 | €509,901 | €495,620 | -€14,281 | -2.8% |
| Fixed assets | 21/28 | €438,148 | €437,860 | -€288 | -0.1% |
| Tangible fixed assets | 22/27 | €648 | €360 | -€288 | -44.5% |
| Furniture and vehicles | 24 | €648 | €360 | -€288 | -44.5% |
| Financial fixed assets | 28 | €437,500 | €437,500 | = | 0.0% |
| Current assets | 29/58 | €71,753 | €57,761 | -€13,993 | -19.5% |
| Amounts receivable within one year | 40/41 | - | €12,917 | +€12,917 | |
| Other amounts receivable | 41 | - | €12,917 | +€12,917 | |
| Cash at bank and in hand | 54/58 | €71,753 | €44,844 | -€26,909 | -37.5% |
| Total equity and liabilities | 10/49 | €509,901 | €495,620 | -€14,281 | -2.8% |
| Equity | 10/15 | €148,565 | €165,140 | +€16,575 | +11.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | - | -€50,000 | |
| Other | 1109/19 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €70,000 | €86,000 | +€16,000 | +22.9% |
| Distributable reserves | 133 | €70,000 | €86,000 | +€16,000 | +22.9% |
| Profit (loss) carried forward | 14 | €28,565 | €29,140 | +€575 | +2.0% |
| Amounts payable | 17/49 | €361,336 | €330,481 | -€30,856 | -8.5% |
| Amounts payable after more than one year | 17 | €265,612 | €234,018 | -€31,594 | -11.9% |
| Financial debts | 170/4 | €265,612 | €234,018 | -€31,594 | -11.9% |
| Amounts payable within one year | 42/48 | €95,724 | €96,463 | +€738 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €30,528 | €31,594 | +€1,066 | +3.5% |
| Trade debts | 44 | €2,052 | €0 | -€2,052 | -100% |
| Suppliers | 440/4 | €2,052 | €0 | -€2,052 | -100% |
| Taxes, remuneration and social security | 45 | €33,144 | €3,932 | -€29,212 | -88.1% |
| Taxes | 450/3 | €33,144 | €3,932 | -€29,212 | -88.1% |
| Other amounts payable | 47/48 | €30,000 | €60,937 | +€30,937 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €970 | €288 | -€681 | -70.3% |
| Other operating charges | 640/8 | €46 | €0 | -€46 | -100% |
| Gross operating margin | 9900 | €103,761 | €81,176 | -€22,585 | -21.8% |
| Operating profit (loss) | 9901 | €102,745 | €80,887 | -€21,857 | -21.3% |
| Financial income | 75/76B | €42,000 | €2,399 | -€39,601 | -94.3% |
| Recurring financial income | 75 | €42,000 | €2,399 | -€39,601 | -94.3% |
| Financial charges | 65/66B | €17,141 | €59,591 | +€42,449 | +248% |
| Recurring financial charges | 65 | €17,141 | €59,591 | +€42,449 | +248% |
| Profit (loss) for the period before taxes | 9903 | €127,604 | €23,696 | -€103,908 | -81.4% |
| Income taxes | 67/77 | €29,038 | €7,121 | -€21,917 | -75.5% |
| Profit (loss) for the period | 9904 | €98,565 | €16,575 | -€81,991 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,565 | €16,575 | -€81,991 | -83.2% |
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 24 October 2026 via checked.be.