TSU CONSULT: 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.
TSU CONSULT
Largest movements
- Tangible fixed assets -€7,834
down €7,834 (-4.4%), from €179,706 to €171,872
of which Land and buildings: -€5,095
- Cash +€5,222
up €5,222 (+40.6%), from €12,865 to €18,087
mainly Net result for the year (+€16,040) and Other debts (+€14,997)
- Trade debts -€18,460
down €18,460 (-49.8%), from €37,069 to €18,610
of which Bills of exchange payable: -€20,000
- Other debts +€14,997
up €14,997 (+1,496%), from €1,003 to €16,000
- Short-term financial debts -€5,394
down €5,394 (-48.5%), from €11,121 to €5,726
- Current portion of long-term debt +€5,339
up €5,339 (+44.0%), from €12,131 to €17,470
- Taxes -€6,732
down €6,732 (-40.3%), from €16,688 to €9,956
- Financial charges -€1,674
down €1,674 (-18.5%), from €9,060 to €7,386
- Gross operating margin -€861
down €861 (-1.9%), from €44,542 to €43,681
- Financial income +€657
up €657 (+146%), from €449 to €1,106
- Other operating charges +€575
up €575 (+19.2%), from €2,997 to €3,572
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.
Derived cash bridge
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 | €309,985 | €304,128 | -€5,856 | -1.9% |
| Fixed assets | 21/28 | €179,706 | €171,872 | -€7,834 | -4.4% |
| Tangible fixed assets | 22/27 | €179,706 | €171,872 | -€7,834 | -4.4% |
| Land and buildings | 22 | €174,486 | €169,391 | -€5,095 | -2.9% |
| Plant, machinery and equipment | 23 | €2,985 | €1,814 | -€1,171 | -39.2% |
| Furniture and vehicles | 24 | €2,234 | €666 | -€1,568 | -70.2% |
| Current assets | 29/58 | €130,279 | €132,257 | +€1,978 | +1.5% |
| Amounts receivable within one year | 40/41 | €117,076 | €114,170 | -€2,906 | -2.5% |
| Trade receivables | 40 | €28,550 | €31,475 | +€2,925 | +10.2% |
| Other amounts receivable | 41 | €88,526 | €82,695 | -€5,831 | -6.6% |
| Cash at bank and in hand | 54/58 | €12,865 | €18,087 | +€5,222 | +40.6% |
| Deferred charges and accrued income | 490/1 | €338 | - | -€338 | |
| Total equity and liabilities | 10/49 | €309,985 | €304,128 | -€5,856 | -1.9% |
| Equity | 10/15 | €123,298 | €123,337 | +€40 | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €109,000 | €109,000 | = | 0.0% |
| Distributable reserves | 133 | €109,000 | €109,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,898 | €1,937 | +€40 | +2.1% |
| Amounts payable | 17/49 | €186,687 | €180,791 | -€5,896 | -3.2% |
| Amounts payable after more than one year | 17 | €120,288 | €117,421 | -€2,867 | -2.4% |
| Financial debts | 170/4 | €120,288 | €117,421 | -€2,867 | -2.4% |
| Amounts payable within one year | 42/48 | €66,399 | €62,025 | -€4,374 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €12,131 | €17,470 | +€5,339 | +44.0% |
| Financial debts | 43 | €11,121 | €5,726 | -€5,394 | -48.5% |
| Credit institutions | 430/8 | €11,121 | €5,726 | -€5,394 | -48.5% |
| Trade debts | 44 | €37,069 | €18,610 | -€18,460 | -49.8% |
| Suppliers | 440/4 | €7,069 | €8,610 | +€1,540 | +21.8% |
| Bills of exchange payable | 441 | €30,000 | €10,000 | -€20,000 | -66.7% |
| Taxes, remuneration and social security | 45 | €5,075 | €4,219 | -€856 | -16.9% |
| Taxes | 450/3 | €5,075 | €4,219 | -€856 | -16.9% |
| Other amounts payable | 47/48 | €1,003 | €16,000 | +€14,997 | +1,496% |
| Accrued charges and deferred income | 492/3 | - | €1,345 | +€1,345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,834 | €7,834 | = | 0.0% |
| Other operating charges | 640/8 | €2,997 | €3,572 | +€575 | +19.2% |
| Gross operating margin | 9900 | €44,542 | €43,681 | -€861 | -1.9% |
| Operating profit (loss) | 9901 | €33,711 | €32,275 | -€1,436 | -4.3% |
| Financial income | 75/76B | €449 | €1,106 | +€657 | +146% |
| Recurring financial income | 75 | €449 | €1,106 | +€657 | +146% |
| Financial charges | 65/66B | €9,060 | €7,386 | -€1,674 | -18.5% |
| Recurring financial charges | 65 | €9,060 | €7,386 | -€1,674 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €25,101 | €25,996 | +€895 | +3.6% |
| Income taxes | 67/77 | €16,688 | €9,956 | -€6,732 | -40.3% |
| Profit (loss) for the period | 9904 | €8,413 | €16,040 | +€7,627 | +90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,413 | €16,040 | +€7,627 | +90.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.