TSUMETA: 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.
TSUMETA
Largest movements
- Receivables within one year -€3,866
down €3,866 (-9.6%), from €40,078 to €36,212
of which Other amounts receivable: -€9,276
- Tax, wage and social debts -€3,312
down €3,312 (-17.8%), from €18,645 to €15,333
of which Remuneration and social security: -€3,636
- Other debts -€1,499
down €1,499 (-15.8%), from €9,499 to €8,000
- Staff costs -€30,140
no longer reported in 2025 (was €30,140)
- Gross operating margin +€15,441
up €15,441, from -€13,990 to €1,451
- Other operating charges -€567
no longer reported in 2025 (was €567)
- Financial charges +€192
up €192 (+30.5%), from €630 to €822
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 | €60,395 | €55,884 | -€4,511 | -7.5% |
| Fixed assets | 21/28 | €564 | €36 | -€528 | -93.6% |
| Tangible fixed assets | 22/27 | €564 | €36 | -€528 | -93.6% |
| Plant, machinery and equipment | 23 | €564 | €36 | -€528 | -93.6% |
| Current assets | 29/58 | €59,831 | €55,848 | -€3,983 | -6.7% |
| Stocks and contracts in progress | 3 | €19,482 | €19,482 | = | 0.0% |
| Stocks | 30/36 | €19,482 | €19,482 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,078 | €36,212 | -€3,866 | -9.6% |
| Trade receivables | 40 | €30,802 | €36,212 | +€5,410 | +17.6% |
| Other amounts receivable | 41 | €9,276 | - | -€9,276 | |
| Current investments | 50/53 | - | €154 | +€154 | |
| Cash at bank and in hand | 54/58 | €271 | - | -€271 | |
| Total equity and liabilities | 10/49 | €60,395 | €55,884 | -€4,511 | -7.5% |
| Equity | 10/15 | €17,988 | €18,089 | +€101 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,643 | €57,643 | = | 0.0% |
| Distributable reserves | 133 | €57,643 | €57,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,855 | -€45,754 | +€101 | +0.2% |
| Amounts payable | 17/49 | €42,407 | €37,795 | -€4,612 | -10.9% |
| Amounts payable within one year | 42/48 | €42,407 | €37,795 | -€4,612 | -10.9% |
| Trade debts | 44 | €14,263 | €14,462 | +€199 | +1.4% |
| Suppliers | 440/4 | €14,263 | €14,462 | +€199 | +1.4% |
| Taxes, remuneration and social security | 45 | €18,645 | €15,333 | -€3,312 | -17.8% |
| Taxes | 450/3 | €9,744 | €10,068 | +€324 | +3.3% |
| Remuneration and social security | 454/9 | €8,901 | €5,265 | -€3,636 | -40.8% |
| Other amounts payable | 47/48 | €9,499 | €8,000 | -€1,499 | -15.8% |
| Remuneration, social security and pensions | 62 | €30,140 | - | -€30,140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €528 | €528 | = | 0.0% |
| Other operating charges | 640/8 | €567 | - | -€567 | |
| Gross operating margin | 9900 | -€13,990 | €1,451 | +€15,441 | |
| Operating profit (loss) | 9901 | -€45,225 | €923 | +€46,148 | |
| Financial charges | 65/66B | €630 | €822 | +€192 | +30.5% |
| Recurring financial charges | 65 | €630 | €822 | +€192 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | -€45,855 | €101 | +€45,956 | |
| Profit (loss) for the period | 9904 | -€45,855 | €101 | +€45,956 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,855 | €101 | +€45,956 |
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 22 October 2026 via checked.be.