TBSC: 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.
TBSC
Largest movements
- Receivables within one year +€8,140
up €8,140 (+9.9%), from €82,161 to €90,301
of which Other amounts receivable: +€13,862
- Cash +€4,553
up €4,553 (+107%), from €4,246 to €8,799
mainly Net result for the year (+€6,924) and Other debts (+€4,923)
- Reserves +€6,924
up €6,924 (+11.4%), from €60,759 to €67,682
of which Distributable reserves: +€8,784
- Other debts +€4,923
up €4,923 (+183%), from €2,694 to €7,617
- Tax, wage and social debts +€3,447
up €3,447 (+208%), from €1,657 to €5,103
- Trade debts -€3,004
down €3,004 (-71.9%), from €4,177 to €1,173
- Gross operating margin +€8,099
up €8,099 (+277%), from €2,925 to €11,023
- Taxes +€2,909
up €2,909 (+389%), from €748 to €3,657
- Depreciation -€800
down €800 (-55.6%), from €1,440 to €640
- Financial charges -€158
down €158 (-42.9%), from €369 to €211
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,886 | €100,175 | +€12,289 | +14.0% |
| Fixed assets | 21/28 | €1,462 | €822 | -€640 | -43.8% |
| Tangible fixed assets | 22/27 | €1,462 | €822 | -€640 | -43.8% |
| Plant, machinery and equipment | 23 | €1,234 | €822 | -€411 | -33.3% |
| Furniture and vehicles | 24 | €229 | - | -€229 | |
| Current assets | 29/58 | €86,424 | €99,353 | +€12,929 | +15.0% |
| Amounts receivable within one year | 40/41 | €82,161 | €90,301 | +€8,140 | +9.9% |
| Trade receivables | 40 | €66,640 | €60,918 | -€5,722 | -8.6% |
| Other amounts receivable | 41 | €15,522 | €29,384 | +€13,862 | +89.3% |
| Cash at bank and in hand | 54/58 | €4,246 | €8,799 | +€4,553 | +107% |
| Deferred charges and accrued income | 490/1 | €17 | €252 | +€235 | +1,415% |
| Total equity and liabilities | 10/49 | €87,886 | €100,175 | +€12,289 | +14.0% |
| Equity | 10/15 | €79,359 | €86,282 | +€6,924 | +8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,759 | €67,682 | +€6,924 | +11.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €58,899 | €67,682 | +€8,784 | +14.9% |
| Amounts payable | 17/49 | €8,527 | €13,893 | +€5,365 | +62.9% |
| Amounts payable within one year | 42/48 | €8,527 | €13,893 | +€5,365 | +62.9% |
| Trade debts | 44 | €4,177 | €1,173 | -€3,004 | -71.9% |
| Suppliers | 440/4 | €4,177 | €1,173 | -€3,004 | -71.9% |
| Taxes, remuneration and social security | 45 | €1,657 | €5,103 | +€3,447 | +208% |
| Taxes | 450/3 | €1,657 | €5,103 | +€3,447 | +208% |
| Other amounts payable | 47/48 | €2,694 | €7,617 | +€4,923 | +183% |
| Remuneration, social security and pensions | 62 | €77 | - | -€77 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,440 | €640 | -€800 | -55.6% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €2,925 | €11,023 | +€8,099 | +277% |
| Operating profit (loss) | 9901 | €958 | €9,922 | +€8,964 | +936% |
| Financial income | 75/76B | €852 | €870 | +€17 | +2.0% |
| Recurring financial income | 75 | €852 | €870 | +€17 | +2.0% |
| Financial charges | 65/66B | €369 | €211 | -€158 | -42.9% |
| Recurring financial charges | 65 | €369 | €211 | -€158 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €1,441 | €10,580 | +€9,139 | +634% |
| Income taxes | 67/77 | €748 | €3,657 | +€2,909 | +389% |
| Profit (loss) for the period | 9904 | €693 | €6,924 | +€6,231 | +899% |
| Profit (loss) for the period to be appropriated | 9905 | €693 | €6,924 | +€6,231 | +899% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.