TST: 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.
TST
Largest movements
- Tangible fixed assets -€26,253
down €26,253 (-34.5%), from €76,142 to €49,890
of which Furniture and vehicles: -€24,774
- Cash +€22,072
up €22,072 (+70.1%), from €31,506 to €53,579
mainly Other debts (+€93,338) and Net result for the year (+€42,575)
- Receivables within one year +€4,837
up €4,837 (+113.9%), from €4,245 to €9,082
of which Trade receivables: +€2,795
- Other debts +€93,338
up €93,338 (+3731.4%), from €2,501 to €95,840
- Debts after one year -€58,403
no longer reported in 2025 (was €58,403)
- Profit (loss) carried forward -€38,166
down €38,166 (-98.5%), from €38,742 to €575
- Tax, wage and social debts +€3,895
up €3,895 (+211.7%), from €1,840 to €5,736
- Trade debts +€1,681
up €1,681 (+344.7%), from €488 to €2,169
- Depreciation -€16,601
down €16,601 (-33.9%), from €49,022 to €32,421
- Gross operating margin +€14,218
up €14,218 (+18.4%), from €77,414 to €91,633
- Taxes +€8,089
up €8,089 (+117.8%), from €6,869 to €14,958
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 | €118,304 | €119,023 | +€719 | +0.6% |
| Fixed assets | 21/28 | €76,277 | €50,025 | -€26,253 | -34.4% |
| Tangible fixed assets | 22/27 | €76,142 | €49,890 | -€26,253 | -34.5% |
| Plant, machinery and equipment | 23 | €4,670 | €3,191 | -€1,479 | -31.7% |
| Furniture and vehicles | 24 | €71,473 | €46,699 | -€24,774 | -34.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €42,027 | €68,998 | +€26,971 | +64.2% |
| Amounts receivable within one year | 40/41 | €4,245 | €9,082 | +€4,837 | +113.9% |
| Trade receivables | 40 | €4,245 | €7,040 | +€2,795 | +65.8% |
| Other amounts receivable | 41 | - | €2,042 | +€2,042 | |
| Cash at bank and in hand | 54/58 | €31,506 | €53,579 | +€22,072 | +70.1% |
| Deferred charges and accrued income | 490/1 | €6,275 | €6,337 | +€62 | +1.0% |
| Total equity and liabilities | 10/49 | €118,304 | €119,023 | +€719 | +0.6% |
| Equity | 10/15 | €43,742 | €5,575 | -€38,166 | -87.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,742 | €575 | -€38,166 | -98.5% |
| Amounts payable | 17/49 | €74,562 | €113,447 | +€38,885 | +52.2% |
| Amounts payable after more than one year | 17 | €58,403 | - | -€58,403 | |
| Financial debts | 170/4 | €58,403 | - | -€58,403 | |
| Amounts payable within one year | 42/48 | €16,159 | €113,447 | +€97,288 | +602.1% |
| Current portion of amounts payable after more than one year | 42 | €11,330 | €9,703 | -€1,626 | -14.4% |
| Trade debts | 44 | €488 | €2,169 | +€1,681 | +344.7% |
| Suppliers | 440/4 | €488 | €2,169 | +€1,681 | +344.7% |
| Taxes, remuneration and social security | 45 | €1,840 | €5,736 | +€3,895 | +211.7% |
| Taxes | 450/3 | €1,840 | €5,736 | +€3,895 | +211.7% |
| Other amounts payable | 47/48 | €2,501 | €95,840 | +€93,338 | +3731.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,022 | €32,421 | -€16,601 | -33.9% |
| Other operating charges | 640/8 | €838 | €1,050 | +€212 | +25.3% |
| Gross operating margin | 9900 | €77,414 | €91,633 | +€14,218 | +18.4% |
| Operating profit (loss) | 9901 | €27,555 | €58,162 | +€30,607 | +111.1% |
| Financial charges | 65/66B | €954 | €629 | -€325 | -34.1% |
| Recurring financial charges | 65 | €954 | €629 | -€325 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €26,601 | €57,533 | +€30,932 | +116.3% |
| Income taxes | 67/77 | €6,869 | €14,958 | +€8,089 | +117.8% |
| Profit (loss) for the period | 9904 | €19,732 | €42,575 | +€22,843 | +115.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,732 | €42,575 | +€22,843 | +115.8% |
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 30 September 2026 via checked.be.