TSQ PROMILLING: 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.
TSQ PROMILLING
Largest movements
- Tangible fixed assets -€39,354
down €39,354 (-15.3%), from €256,595 to €217,241
- Receivables within one year -€39,035
down €39,035 (-68.7%), from €56,857 to €17,823
- Cash +€13,798
up €13,798 (+44.3%), from €31,140 to €44,938
mainly Depreciation (+€39,354) and Receivables within one year (+€39,035)
- Stocks and contracts +€5,980
up €5,980 (+30.9%), from €19,341 to €25,322
- Debts after one year -€19,521
down €19,521 (-13.0%), from €149,776 to €130,255
- Trade debts -€18,371
down €18,371 (-58.3%), from €31,518 to €13,147
- Tax, wage and social debts -€8,037
down €8,037 (-51.9%), from €15,479 to €7,442
of which Taxes: -€4,787
- Other debts -€5,412
down €5,412 (-13.7%), from €39,425 to €34,013
- Current portion of long-term debt -€4,781
down €4,781 (-19.7%), from €24,303 to €19,521
- Gross operating margin -€6,221
down €6,221 (-11.1%), from €56,275 to €50,054
- Financial charges -€3,785
down €3,785 (-35.1%), from €10,775 to €6,989
- Depreciation -€1,329
down €1,329 (-3.3%), from €40,683 to €39,354
- Taxes -€681
down €681 (-71.7%), from €951 to €270
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 | €365,573 | €307,034 | -€58,539 | -16.0% |
| Fixed assets | 21/28 | €256,595 | €217,241 | -€39,354 | -15.3% |
| Tangible fixed assets | 22/27 | €256,595 | €217,241 | -€39,354 | -15.3% |
| Land and buildings | 22 | €192,068 | €177,186 | -€14,883 | -7.7% |
| Plant, machinery and equipment | 23 | €38,959 | €24,378 | -€14,581 | -37.4% |
| Furniture and vehicles | 24 | €25,568 | €15,678 | -€9,891 | -38.7% |
| Current assets | 29/58 | €108,978 | €89,793 | -€19,185 | -17.6% |
| Stocks and contracts in progress | 3 | €19,341 | €25,322 | +€5,980 | +30.9% |
| Stocks | 30/36 | €19,341 | €25,322 | +€5,980 | +30.9% |
| Amounts receivable within one year | 40/41 | €56,857 | €17,823 | -€39,035 | -68.7% |
| Trade receivables | 40 | €56,857 | €17,823 | -€39,035 | -68.7% |
| Cash at bank and in hand | 54/58 | €31,140 | €44,938 | +€13,798 | +44.3% |
| Deferred charges and accrued income | 490/1 | €1,640 | €1,711 | +€71 | +4.4% |
| Total equity and liabilities | 10/49 | €365,573 | €307,034 | -€58,539 | -16.0% |
| Equity | 10/15 | €102,165 | €102,655 | +€490 | +0.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €87,905 | €88,395 | +€490 | +0.6% |
| Distributable reserves | 133 | €87,905 | €88,395 | +€490 | +0.6% |
| Amounts payable | 17/49 | €263,408 | €204,379 | -€59,029 | -22.4% |
| Amounts payable after more than one year | 17 | €149,776 | €130,255 | -€19,521 | -13.0% |
| Financial debts | 170/4 | €149,776 | €130,255 | -€19,521 | -13.0% |
| Amounts payable within one year | 42/48 | €110,726 | €74,123 | -€36,602 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €24,303 | €19,521 | -€4,781 | -19.7% |
| Trade debts | 44 | €31,518 | €13,147 | -€18,371 | -58.3% |
| Suppliers | 440/4 | €31,518 | €13,147 | -€18,371 | -58.3% |
| Taxes, remuneration and social security | 45 | €15,479 | €7,442 | -€8,037 | -51.9% |
| Taxes | 450/3 | €8,729 | €3,942 | -€4,787 | -54.8% |
| Remuneration and social security | 454/9 | €6,750 | €3,500 | -€3,250 | -48.1% |
| Other amounts payable | 47/48 | €39,425 | €34,013 | -€5,412 | -13.7% |
| Accrued charges and deferred income | 492/3 | €2,906 | - | -€2,906 | |
| Remuneration, social security and pensions | 62 | €311 | - | -€311 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,683 | €39,354 | -€1,329 | -3.3% |
| Other operating charges | 640/8 | €2,917 | €2,960 | +€43 | +1.5% |
| Gross operating margin | 9900 | €56,275 | €50,054 | -€6,221 | -11.1% |
| Operating profit (loss) | 9901 | €12,364 | €7,740 | -€4,625 | -37.4% |
| Financial income | 75/76B | €42 | €10 | -€32 | -77.1% |
| Recurring financial income | 75 | €42 | €10 | -€32 | -77.1% |
| Financial charges | 65/66B | €10,775 | €6,989 | -€3,785 | -35.1% |
| Recurring financial charges | 65 | €10,775 | €6,989 | -€3,785 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €1,631 | €760 | -€871 | -53.4% |
| Income taxes | 67/77 | €951 | €270 | -€681 | -71.7% |
| Profit (loss) for the period | 9904 | €680 | €490 | -€190 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €680 | €490 | -€190 | -27.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.