TSP 365: 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.
TSP 365
Largest movements
- Cash -€7,556
down €7,556 (-46.5%), from €16,234 to €8,678
mainly Tax, wage and social debts (-€7,288) and Other debts (-€5,088)
- Tangible fixed assets -€5,484
down €5,484 (-32.6%), from €16,809 to €11,325
of which Other tangible fixed assets: -€3,708
- Current investments +€3,614
up €3,614 (+12.2%), from €29,549 to €33,164
- Tax, wage and social debts -€7,288
down €7,288 (-63.5%), from €11,475 to €4,187
- Other debts -€5,088
down €5,088 (-12.9%), from €39,558 to €34,470
- Reserves +€4,992
up €4,992 (+26.5%), from €18,860 to €23,852
of which Distributable reserves: +€6,852
- Trade debts -€2,548
down €2,548 (-97.1%), from €2,624 to €76
- Gross operating margin +€13,490
up €13,490 (+610%), from €2,212 to €15,701
- Taxes +€1,941
up €1,941 (+90.0%), from €2,156 to €4,097
- Financial charges -€418
down €418 (-68.2%), from €614 to €195
- Other operating charges -€306
down €306 (-33.0%), from €927 to €621
- Depreciation +€166
up €166 (+3.1%), from €5,319 to €5,484
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 | €90,866 | €81,281 | -€9,585 | -10.5% |
| Fixed assets | 21/28 | €16,809 | €11,325 | -€5,484 | -32.6% |
| Tangible fixed assets | 22/27 | €16,809 | €11,325 | -€5,484 | -32.6% |
| Plant, machinery and equipment | 23 | €2,340 | €1,732 | -€608 | -26.0% |
| Furniture and vehicles | 24 | €3,026 | €1,858 | -€1,168 | -38.6% |
| Other tangible fixed assets | 26 | €11,443 | €7,735 | -€3,708 | -32.4% |
| Current assets | 29/58 | €74,057 | €69,956 | -€4,101 | -5.5% |
| Amounts receivable within one year | 40/41 | €28,274 | €27,597 | -€677 | -2.4% |
| Trade receivables | 40 | €18,599 | €18,997 | +€398 | +2.1% |
| Other amounts receivable | 41 | €9,675 | €8,600 | -€1,075 | -11.1% |
| Current investments | 50/53 | €29,549 | €33,164 | +€3,614 | +12.2% |
| Cash at bank and in hand | 54/58 | €16,234 | €8,678 | -€7,556 | -46.5% |
| Deferred charges and accrued income | 490/1 | - | €518 | +€518 | |
| Total equity and liabilities | 10/49 | €90,866 | €81,281 | -€9,585 | -10.5% |
| Equity | 10/15 | €37,128 | €42,452 | +€5,324 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,860 | €23,852 | +€4,992 | +26.5% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €17,000 | €23,852 | +€6,852 | +40.3% |
| Profit (loss) carried forward | 14 | -€332 | €0 | +€332 | |
| Amounts payable | 17/49 | €53,739 | €38,829 | -€14,910 | -27.7% |
| Amounts payable within one year | 42/48 | €53,739 | €38,829 | -€14,910 | -27.7% |
| Financial debts | 43 | €81 | €96 | +€15 | +18.5% |
| Credit institutions | 430/8 | €81 | €96 | +€15 | +18.5% |
| Trade debts | 44 | €2,624 | €76 | -€2,548 | -97.1% |
| Suppliers | 440/4 | €2,624 | €76 | -€2,548 | -97.1% |
| Taxes, remuneration and social security | 45 | €11,475 | €4,187 | -€7,288 | -63.5% |
| Taxes | 450/3 | €11,475 | €4,187 | -€7,288 | -63.5% |
| Other amounts payable | 47/48 | €39,558 | €34,470 | -€5,088 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,319 | €5,484 | +€166 | +3.1% |
| Other operating charges | 640/8 | €927 | €621 | -€306 | -33.0% |
| Gross operating margin | 9900 | €2,212 | €15,701 | +€13,490 | +610% |
| Operating profit (loss) | 9901 | -€4,034 | €9,596 | +€13,630 | |
| Financial income | 75/76B | €174 | €21 | -€154 | -88.2% |
| Recurring financial income | 75 | €174 | €21 | -€154 | -88.2% |
| Financial charges | 65/66B | €614 | €195 | -€418 | -68.2% |
| Recurring financial charges | 65 | €614 | €195 | -€418 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,474 | €9,421 | +€13,895 | |
| Income taxes | 67/77 | €2,156 | €4,097 | +€1,941 | +90.0% |
| Profit (loss) for the period | 9904 | -€6,629 | €5,324 | +€11,954 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,629 | €5,324 | +€11,954 |
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 30 October 2026 via checked.be.