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
- Cash -€23,521
down €23,521 (-30.7%), from €76,713 to €53,193
mainly Receivables within one year (-€9,896) and Net result for the year (-€9,507)
- Receivables within one year +€9,896
up €9,896 (+39.3%), from €25,201 to €35,097
of which Other amounts receivable: +€9,605
- Tangible fixed assets -€1,346
down €1,346 (-24.5%), from €5,484 to €4,138
- Profit (loss) carried forward -€9,507
new in 2025: -€9,507
- Tax, wage and social debts -€6,539
down €6,539 (-23.9%), from €27,327 to €20,788
of which Taxes: -€6,539
- Trade debts +€1,075
up €1,075 (+186.2%), from €578 to €1,653
- Gross operating margin -€38,503
down €38,503, from €32,043 to -€6,460
- Taxes -€9,152
down €9,152 (-99.0%), from €9,245 to €93
- Financial charges +€1,514
up €1,514 (+1444.0%), from €105 to €1,619
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 | €107,399 | €92,428 | -€14,971 | -13.9% |
| Fixed assets | 21/28 | €5,484 | €4,138 | -€1,346 | -24.5% |
| Tangible fixed assets | 22/27 | €5,484 | €4,138 | -€1,346 | -24.5% |
| Furniture and vehicles | 24 | €5,484 | €4,138 | -€1,346 | -24.5% |
| Current assets | 29/58 | €101,914 | €88,290 | -€13,624 | -13.4% |
| Amounts receivable within one year | 40/41 | €25,201 | €35,097 | +€9,896 | +39.3% |
| Trade receivables | 40 | €11,445 | €11,737 | +€292 | +2.5% |
| Other amounts receivable | 41 | €13,756 | €23,360 | +€9,605 | +69.8% |
| Cash at bank and in hand | 54/58 | €76,713 | €53,193 | -€23,521 | -30.7% |
| Total equity and liabilities | 10/49 | €107,399 | €92,428 | -€14,971 | -13.9% |
| Equity | 10/15 | €79,494 | €69,987 | -€9,507 | -12.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,294 | €73,294 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €71,434 | €71,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,507 | -€9,507 | |
| Amounts payable | 17/49 | €27,905 | €22,441 | -€5,463 | -19.6% |
| Amounts payable within one year | 42/48 | €27,905 | €22,441 | -€5,463 | -19.6% |
| Trade debts | 44 | €578 | €1,653 | +€1,075 | +186.2% |
| Suppliers | 440/4 | €578 | €1,653 | +€1,075 | +186.2% |
| Taxes, remuneration and social security | 45 | €27,327 | €20,788 | -€6,539 | -23.9% |
| Taxes | 450/3 | €23,433 | €16,894 | -€6,539 | -27.9% |
| Remuneration and social security | 454/9 | €3,894 | €3,894 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,030 | €1,346 | +€316 | +30.7% |
| Other operating charges | 640/8 | €1,108 | €794 | -€313 | -28.3% |
| Gross operating margin | 9900 | €32,043 | -€6,460 | -€38,503 | |
| Operating profit (loss) | 9901 | €29,905 | -€8,601 | -€38,506 | |
| Financial income | 75/76B | €782 | €805 | +€23 | +3.0% |
| Recurring financial income | 75 | €782 | €805 | +€23 | +3.0% |
| Financial charges | 65/66B | €105 | €1,619 | +€1,514 | +1444.0% |
| Recurring financial charges | 65 | €105 | €1,619 | +€1,514 | +1444.0% |
| Profit (loss) for the period before taxes | 9903 | €30,582 | -€9,415 | -€39,997 | |
| Income taxes | 67/77 | €9,245 | €93 | -€9,152 | -99.0% |
| Profit (loss) for the period | 9904 | €21,337 | -€9,507 | -€30,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,337 | -€9,507 | -€30,845 |
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.