TSP SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year +€13,004
up €13,004 (+237.3%), from €5,480 to €18,484
of which Trade receivables: +€13,192
- Tangible fixed assets -€3,525
down €3,525 (-32.4%), from €10,876 to €7,351
of which Furniture and vehicles: -€2,777
- Profit (loss) carried forward +€15,787
no longer reported in 2025 (was -€15,787)
- Trade debts -€9,446
down €9,446 (-56.3%), from €16,790 to €7,344
- Reserves +€3,719
up €3,719 (+36.3%), from €10,235 to €13,954
- Short-term financial debts -€1,648
no longer reported in 2025 (was €1,648)
- Tax, wage and social debts +€1,248
new in 2025: €1,248
- Gross operating margin +€27,977
up €27,977, from -€1,477 to €26,500
- Staff costs -€7,957
no longer reported in 2025 (was €7,957)
- Depreciation -€1,682
down €1,682 (-32.3%), from €5,208 to €3,525
- Taxes +€1,248
new in 2025: €1,248
- Financial charges +€1,041
up €1,041 (+510.6%), from €204 to €1,245
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,554 | €25,870 | +€9,316 | +56.3% |
| Fixed assets | 21/28 | €10,876 | €7,351 | -€3,525 | -32.4% |
| Tangible fixed assets | 22/27 | €10,876 | €7,351 | -€3,525 | -32.4% |
| Plant, machinery and equipment | 23 | €3,109 | €2,360 | -€748 | -24.1% |
| Furniture and vehicles | 24 | €7,767 | €4,990 | -€2,777 | -35.8% |
| Current assets | 29/58 | €5,679 | €18,520 | +€12,841 | +226.1% |
| Amounts receivable within one year | 40/41 | €5,480 | €18,484 | +€13,004 | +237.3% |
| Trade receivables | 40 | €4,400 | €17,592 | +€13,192 | +299.8% |
| Other amounts receivable | 41 | €1,080 | €893 | -€187 | -17.3% |
| Cash at bank and in hand | 54/58 | €198 | €35 | -€163 | -82.3% |
| Total equity and liabilities | 10/49 | €16,554 | €25,870 | +€9,316 | +56.3% |
| Equity | 10/15 | -€5,052 | €14,454 | +€19,506 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €10,235 | €13,954 | +€3,719 | +36.3% |
| Distributable reserves | 133 | €10,235 | €13,954 | +€3,719 | +36.3% |
| Profit (loss) carried forward | 14 | -€15,787 | - | +€15,787 | |
| Amounts payable | 17/49 | €21,607 | €11,417 | -€10,190 | -47.2% |
| Amounts payable within one year | 42/48 | €21,607 | €11,417 | -€10,190 | -47.2% |
| Financial debts | 43 | €1,648 | - | -€1,648 | |
| Credit institutions | 430/8 | €1,648 | - | -€1,648 | |
| Trade debts | 44 | €16,790 | €7,344 | -€9,446 | -56.3% |
| Suppliers | 440/4 | €16,790 | €7,344 | -€9,446 | -56.3% |
| Taxes, remuneration and social security | 45 | - | €1,248 | +€1,248 | |
| Taxes | 450/3 | - | €1,248 | +€1,248 | |
| Other amounts payable | 47/48 | €3,169 | €2,825 | -€344 | -10.8% |
| Remuneration, social security and pensions | 62 | €7,957 | - | -€7,957 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,208 | €3,525 | -€1,682 | -32.3% |
| Other operating charges | 640/8 | €941 | €976 | +€35 | +3.7% |
| Gross operating margin | 9900 | -€1,477 | €26,500 | +€27,977 | |
| Operating profit (loss) | 9901 | -€15,583 | €21,998 | +€37,582 | |
| Financial charges | 65/66B | €204 | €1,245 | +€1,041 | +510.6% |
| Recurring financial charges | 65 | €204 | €1,245 | +€1,041 | +510.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,787 | €20,754 | +€36,541 | |
| Income taxes | 67/77 | - | €1,248 | +€1,248 | |
| Profit (loss) for the period | 9904 | -€15,787 | €19,506 | +€35,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,787 | €19,506 | +€35,293 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.