TSS GROUP: 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.
TSS GROUP
Largest movements
- Cash -€4.7m
down €4.7m (-78.9%), from €6.0m to €1.3m
mainly Current investments (-€4.0m) and Other debts (-€1.2m)
- Current investments +€4.0m
new in 2025: €4.0m
- Tangible fixed assets +€286,957
up €286,957 (+110.4%), from €259,993 to €546,950
of which Land and buildings: +€291,042
- Receivables within one year -€247,409
down €247,409 (-31.2%), from €792,624 to €545,214
of which Other amounts receivable: -€248,995
- Other debts -€1.2m
down €1.2m (-63.0%), from €2.0m to €733,992
- Reserves +€599,080
up €599,080 (+12.0%), from €5.0m to €5.6m
- Financial income -€4.3m
down €4.3m (-97.1%), from €4.4m to €126,383
of which Non-recurring financial income: -€4.4m
- Gross operating margin +€19,953
up €19,953 (+56.5%), from €35,334 to €55,286
- Staff costs -€13,011
down €13,011 (-98.7%), from €13,181 to €170
- Financial charges +€8,423
up €8,423 (+323.4%), from €2,604 to €11,028
- Taxes +€7,715
up €7,715 (+2018.1%), from €382 to €8,097
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 | €7,189,376 | €6,488,008 | -€701,368 | -9.8% |
| Fixed assets | 21/28 | €396,856 | €683,813 | +€286,957 | +72.3% |
| Tangible fixed assets | 22/27 | €259,993 | €546,950 | +€286,957 | +110.4% |
| Land and buildings | 22 | €237,031 | €528,073 | +€291,042 | +122.8% |
| Furniture and vehicles | 24 | €7,087 | €5,029 | -€2,058 | -29.0% |
| Other tangible fixed assets | 26 | €15,876 | €13,849 | -€2,027 | -12.8% |
| Financial fixed assets | 28 | €136,863 | €136,863 | = | 0.0% |
| Current assets | 29/58 | €6,792,520 | €5,804,195 | -€988,325 | -14.6% |
| Amounts receivable within one year | 40/41 | €792,624 | €545,214 | -€247,409 | -31.2% |
| Trade receivables | 40 | €35,881 | €37,467 | +€1,586 | +4.4% |
| Other amounts receivable | 41 | €756,743 | €507,748 | -€248,995 | -32.9% |
| Current investments | 50/53 | - | €3,994,232 | +€4.0m | |
| Cash at bank and in hand | 54/58 | €5,996,565 | €1,262,590 | -€4.7m | -78.9% |
| Deferred charges and accrued income | 490/1 | €3,331 | €2,159 | -€1,172 | -35.2% |
| Total equity and liabilities | 10/49 | €7,189,376 | €6,488,008 | -€701,368 | -9.8% |
| Equity | 10/15 | €5,013,385 | €5,612,465 | +€599,080 | +11.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,993,385 | €5,592,465 | +€599,080 | +12.0% |
| Distributable reserves | 133 | €4,993,385 | €5,592,465 | +€599,080 | +12.0% |
| Amounts payable | 17/49 | €2,175,991 | €875,543 | -€1.3m | -59.8% |
| Amounts payable after more than one year | 17 | €100,816 | €54,557 | -€46,260 | -45.9% |
| Financial debts | 170/4 | €100,816 | €54,557 | -€46,260 | -45.9% |
| Amounts payable within one year | 42/48 | €2,074,867 | €820,986 | -€1.3m | -60.4% |
| Current portion of amounts payable after more than one year | 42 | €49,595 | €50,094 | +€498 | +1.0% |
| Trade debts | 44 | €21,146 | €19,813 | -€1,333 | -6.3% |
| Suppliers | 440/4 | €21,146 | €19,813 | -€1,333 | -6.3% |
| Taxes, remuneration and social security | 45 | €21,550 | €17,087 | -€4,464 | -20.7% |
| Taxes | 450/3 | €16,756 | €12,875 | -€3,881 | -23.2% |
| Remuneration and social security | 454/9 | €4,794 | €4,212 | -€582 | -12.1% |
| Other amounts payable | 47/48 | €1,982,574 | €733,992 | -€1.2m | -63.0% |
| Accrued charges and deferred income | 492/3 | €308 | - | -€308 | |
| Remuneration, social security and pensions | 62 | €13,181 | €170 | -€13,011 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,127 | €60,521 | +€5,394 | +9.8% |
| Other operating charges | 640/8 | €1,151 | €2,774 | +€1,623 | +141.0% |
| Gross operating margin | 9900 | €35,334 | €55,286 | +€19,953 | +56.5% |
| Operating profit (loss) | 9901 | -€34,125 | -€8,178 | +€25,947 | +76.0% |
| Financial income | 75/76B | €4,401,294 | €126,383 | -€4.3m | -97.1% |
| Recurring financial income | 75 | €1,294 | €126,383 | +€125,089 | +9667.8% |
| Non-recurring financial income | 76B | €4,400,000 | - | -€4.4m | |
| Financial charges | 65/66B | €2,604 | €11,028 | +€8,423 | +323.4% |
| Recurring financial charges | 65 | €2,604 | €11,028 | +€8,423 | +323.4% |
| Profit (loss) for the period before taxes | 9903 | €4,364,565 | €107,177 | -€4.3m | -97.5% |
| Income taxes | 67/77 | €382 | €8,097 | +€7,715 | +2018.1% |
| Profit (loss) for the period | 9904 | €4,364,183 | €99,080 | -€4.3m | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,364,183 | €99,080 | -€4.3m | -97.7% |
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 4 October 2026 via checked.be.