TSN-CONSULT: 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.
TSN-CONSULT
Largest movements
- Current investments +€55,000
new in 2025: €55,000
- Receivables within one year -€17,438
down €17,438 (-55.3%), from €31,547 to €14,109
- Cash -€12,706
down €12,706 (-43.2%), from €29,400 to €16,694
mainly Current investments (-€55,000) and Contributions, distributions and other (-€5,930)
- Tangible fixed assets -€3,441
down €3,441 (-14.8%), from €23,250 to €19,809
of which Furniture and vehicles: -€5,540
- Reserves +€15,600
up €15,600 (+65.4%), from €23,860 to €39,460
- Other debts +€9,542
up €9,542 (+31.4%), from €30,397 to €39,939
- Tax, wage and social debts -€3,834
down €3,834 (-56.4%), from €6,804 to €2,969
- Trade debts +€1,755
up €1,755 (+1,794%), from €98 to €1,853
- Profit (loss) carried forward -€1,586
down €1,586 (-49.6%), from €3,196 to €1,610
- Gross operating margin -€8,238
down €8,238 (-18.5%), from €44,465 to €36,227
- Taxes -€1,859
down €1,859 (-18.6%), from €9,985 to €8,127
- Depreciation +€1,252
up €1,252 (+28.1%), from €4,450 to €5,702
- Financial income -€1,134
down €1,134 (-99.1%), from €1,144 to €10
- Financial charges +€519
up €519 (+43.3%), from €1,200 to €1,719
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 | €84,484 | €105,907 | +€21,423 | +25.4% |
| Fixed assets | 21/28 | €23,250 | €19,809 | -€3,441 | -14.8% |
| Tangible fixed assets | 22/27 | €23,250 | €19,809 | -€3,441 | -14.8% |
| Plant, machinery and equipment | 23 | - | €2,099 | +€2,099 | |
| Furniture and vehicles | 24 | €23,250 | €17,710 | -€5,540 | -23.8% |
| Current assets | 29/58 | €61,234 | €86,098 | +€24,864 | +40.6% |
| Amounts receivable within one year | 40/41 | €31,547 | €14,109 | -€17,438 | -55.3% |
| Trade receivables | 40 | €31,547 | €14,109 | -€17,438 | -55.3% |
| Current investments | 50/53 | - | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €29,400 | €16,694 | -€12,706 | -43.2% |
| Deferred charges and accrued income | 490/1 | €287 | €295 | +€8 | +2.7% |
| Total equity and liabilities | 10/49 | €84,484 | €105,907 | +€21,423 | +25.4% |
| Equity | 10/15 | €45,656 | €59,670 | +€14,014 | +30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,860 | €39,460 | +€15,600 | +65.4% |
| Distributable reserves | 133 | €23,860 | €39,460 | +€15,600 | +65.4% |
| Profit (loss) carried forward | 14 | €3,196 | €1,610 | -€1,586 | -49.6% |
| Amounts payable | 17/49 | €38,828 | €46,237 | +€7,409 | +19.1% |
| Amounts payable within one year | 42/48 | €37,299 | €44,761 | +€7,463 | +20.0% |
| Trade debts | 44 | €98 | €1,853 | +€1,755 | +1,794% |
| Suppliers | 440/4 | €98 | €1,853 | +€1,755 | +1,794% |
| Taxes, remuneration and social security | 45 | €6,804 | €2,969 | -€3,834 | -56.4% |
| Taxes | 450/3 | €6,804 | €2,969 | -€3,834 | -56.4% |
| Other amounts payable | 47/48 | €30,397 | €39,939 | +€9,542 | +31.4% |
| Accrued charges and deferred income | 492/3 | €1,530 | €1,475 | -€54 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,450 | €5,702 | +€1,252 | +28.1% |
| Other operating charges | 640/8 | €1,217 | €745 | -€473 | -38.8% |
| Gross operating margin | 9900 | €44,465 | €36,227 | -€8,238 | -18.5% |
| Operating profit (loss) | 9901 | €38,798 | €29,780 | -€9,018 | -23.2% |
| Financial income | 75/76B | €1,144 | €10 | -€1,134 | -99.1% |
| Recurring financial income | 75 | €1,144 | €10 | -€1,134 | -99.1% |
| Financial charges | 65/66B | €1,200 | €1,719 | +€519 | +43.3% |
| Recurring financial charges | 65 | €1,200 | €1,719 | +€519 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €38,742 | €28,071 | -€10,671 | -27.5% |
| Income taxes | 67/77 | €9,985 | €8,127 | -€1,859 | -18.6% |
| Profit (loss) for the period | 9904 | €28,757 | €19,944 | -€8,812 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,757 | €19,944 | -€8,812 | -30.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.