TSOLV: 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.
TSOLV
Largest movements
- Receivables within one year +€24,502
up €24,502 (+151.9%), from €16,135 to €40,638
of which Other amounts receivable: +€21,542
- Cash +€6,065
up €6,065 (+17.6%), from €34,457 to €40,522
mainly Net result for the year (+€34,614) and Trade debts (+€2,581)
- Reserves +€34,614
up €34,614 (+218.9%), from €15,812 to €50,427
- Tax, wage and social debts -€2,727
down €2,727 (-11.2%), from €24,337 to €21,609
- Trade debts +€2,581
up €2,581 (+251.9%), from €1,024 to €3,605
- Other debts -€2,205
down €2,205 (-100.0%), from €2,205 to €0
- Gross operating margin -€41,698
down €41,698 (-46.2%), from €90,314 to €48,616
- Taxes -€6,791
down €6,791 (-33.9%), from €20,057 to €13,267
- Financial charges +€994
up €994 (+242.0%), from €411 to €1,405
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,378 | €131,641 | +€32,263 | +32.5% |
| Fixed assets | 21/28 | €2,092 | €2,642 | +€550 | +26.3% |
| Tangible fixed assets | 22/27 | €2,092 | €2,642 | +€550 | +26.3% |
| Furniture and vehicles | 24 | €2,092 | €2,642 | +€550 | +26.3% |
| Current assets | 29/58 | €97,287 | €128,999 | +€31,713 | +32.6% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,135 | €40,638 | +€24,502 | +151.9% |
| Trade receivables | 40 | €16,135 | €19,095 | +€2,960 | +18.3% |
| Other amounts receivable | 41 | - | €21,542 | +€21,542 | |
| Cash at bank and in hand | 54/58 | €34,457 | €40,522 | +€6,065 | +17.6% |
| Deferred charges and accrued income | 490/1 | €1,694 | €2,840 | +€1,145 | +67.6% |
| Total equity and liabilities | 10/49 | €99,378 | €131,641 | +€32,263 | +32.5% |
| Equity | 10/15 | €71,812 | €106,427 | +€34,614 | +48.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €15,812 | €50,427 | +€34,614 | +218.9% |
| Distributable reserves | 133 | €15,812 | €50,427 | +€34,614 | +218.9% |
| Profit (loss) carried forward | 14 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable | 17/49 | €27,566 | €25,214 | -€2,352 | -8.5% |
| Amounts payable within one year | 42/48 | €27,566 | €25,214 | -€2,352 | -8.5% |
| Trade debts | 44 | €1,024 | €3,605 | +€2,581 | +251.9% |
| Suppliers | 440/4 | €1,024 | €3,605 | +€2,581 | +251.9% |
| Taxes, remuneration and social security | 45 | €24,337 | €21,609 | -€2,727 | -11.2% |
| Taxes | 450/3 | €24,337 | €21,609 | -€2,727 | -11.2% |
| Other amounts payable | 47/48 | €2,205 | €0 | -€2,205 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9 | €780 | +€771 | +8368.6% |
| Other operating charges | 640/8 | €50 | €477 | +€427 | +854.8% |
| Gross operating margin | 9900 | €90,314 | €48,616 | -€41,698 | -46.2% |
| Operating profit (loss) | 9901 | €90,255 | €47,358 | -€42,896 | -47.5% |
| Financial income | 75/76B | €1,026 | €1,927 | +€901 | +87.9% |
| Recurring financial income | 75 | €1,026 | €1,927 | +€901 | +87.9% |
| Financial charges | 65/66B | €411 | €1,405 | +€994 | +242.0% |
| Recurring financial charges | 65 | €411 | €1,405 | +€994 | +242.0% |
| Profit (loss) for the period before taxes | 9903 | €90,870 | €47,881 | -€42,989 | -47.3% |
| Income taxes | 67/77 | €20,057 | €13,267 | -€6,791 | -33.9% |
| Profit (loss) for the period | 9904 | €70,812 | €34,614 | -€36,198 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,812 | €34,614 | -€36,198 | -51.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.