TST: 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.
TST
Largest movements
- Receivables within one year +€51,545
up €51,545 (+779.9%), from €6,609 to €58,154
of which Trade receivables: +€51,011
- Cash -€2,781
down €2,781 (-60.2%), from €4,622 to €1,841
mainly Receivables within one year (-€51,545) and Trade debts (-€5,750)
- Tangible fixed assets -€1,950
no longer reported in 2025 (was €1,950)
- Other debts +€29,050
up €29,050 (+110.4%), from €26,318 to €55,368
- Profit (loss) carried forward +€24,497
up €24,497 (+57.1%), from -€42,867 to -€18,370
- Trade debts -€5,750
down €5,750 (-79.8%), from €7,202 to €1,452
- Current portion of long-term debt -€5,200
no longer reported in 2025 (was €5,200)
- Tax, wage and social debts +€4,217
up €4,217 (+230.7%), from €1,828 to €6,045
of which Remuneration and social security: +€4,601
- Staff costs +€31,179
new in 2025: €31,179
- Gross operating margin +€28,602
up €28,602 (+91.5%), from €31,257 to €59,859
- Depreciation -€20,776
down €20,776 (-91.4%), from €22,726 to €1,950
- Taxes -€6,384
no longer reported in 2025 (was €6,384)
- Financial charges -€622
down €622 (-85.3%), from €729 to €107
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 | €13,181 | €59,995 | +€46,814 | +355.2% |
| Fixed assets | 21/28 | €1,950 | - | -€1,950 | |
| Tangible fixed assets | 22/27 | €1,950 | - | -€1,950 | |
| Furniture and vehicles | 24 | €1,950 | - | -€1,950 | |
| Current assets | 29/58 | €11,231 | €59,995 | +€48,764 | +434.2% |
| Amounts receivable within one year | 40/41 | €6,609 | €58,154 | +€51,545 | +779.9% |
| Trade receivables | 40 | €5,929 | €56,940 | +€51,011 | +860.4% |
| Other amounts receivable | 41 | €680 | €1,214 | +€534 | +78.5% |
| Cash at bank and in hand | 54/58 | €4,622 | €1,841 | -€2,781 | -60.2% |
| Total equity and liabilities | 10/49 | €13,181 | €59,995 | +€46,814 | +355.2% |
| Equity | 10/15 | -€27,367 | -€2,870 | +€24,497 | +89.5% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,867 | -€18,370 | +€24,497 | +57.1% |
| Amounts payable | 17/49 | €40,548 | €62,865 | +€22,317 | +55.0% |
| Amounts payable within one year | 42/48 | €40,548 | €62,865 | +€22,317 | +55.0% |
| Current portion of amounts payable after more than one year | 42 | €5,200 | - | -€5,200 | |
| Trade debts | 44 | €7,202 | €1,452 | -€5,750 | -79.8% |
| Suppliers | 440/4 | €7,202 | €1,452 | -€5,750 | -79.8% |
| Taxes, remuneration and social security | 45 | €1,828 | €6,045 | +€4,217 | +230.7% |
| Taxes | 450/3 | €1,828 | €1,444 | -€384 | -21.0% |
| Remuneration and social security | 454/9 | - | €4,601 | +€4,601 | |
| Other amounts payable | 47/48 | €26,318 | €55,368 | +€29,050 | +110.4% |
| Remuneration, social security and pensions | 62 | - | €31,179 | +€31,179 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,726 | €1,950 | -€20,776 | -91.4% |
| Other operating charges | 640/8 | €1,778 | €2,127 | +€349 | +19.6% |
| Gross operating margin | 9900 | €31,257 | €59,859 | +€28,602 | +91.5% |
| Operating profit (loss) | 9901 | €6,753 | €24,603 | +€17,850 | +264.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €729 | €107 | -€622 | -85.3% |
| Recurring financial charges | 65 | €729 | €107 | -€622 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €6,024 | €24,497 | +€18,473 | +306.7% |
| Income taxes | 67/77 | €6,384 | - | -€6,384 | |
| Profit (loss) for the period | 9904 | -€360 | €24,497 | +€24,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€360 | €24,497 | +€24,857 |
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 12 October 2026 via checked.be.