IMMO TESSIER: 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.
IMMO TESSIER
Largest movements
- Tangible fixed assets +€66,367
up €66,367 (+699%), from €9,490 to €75,857
of which Other tangible fixed assets: +€66,717
- Receivables within one year +€37,584
up €37,584 (+193%), from €19,468 to €57,052
of which Trade receivables: +€35,370
- Financial fixed assets +€17,173
up €17,173 (+902%), from €1,904 to €19,077
- Cash +€3,435
up €3,435 (+44.1%), from €7,797 to €11,232
mainly Other debts (+€84,036) and Net result for the year (+€37,542)
- Intangible fixed assets -€1,987
down €1,987 (-48.0%), from €4,136 to €2,149
- Other debts +€84,036
up €84,036 (+10,349%), from €812 to €84,848
- Profit (loss) carried forward +€37,542
up €37,542, from -€35,718 to €1,824
- Current portion of long-term debt -€11,459
down €11,459 (-61.7%), from €18,566 to €7,107
- Trade debts +€11,136
up €11,136 (+24.9%), from €44,743 to €55,879
- Tax, wage and social debts +€9,261
up €9,261 (+496%), from €1,867 to €11,128
- Staff costs -€12,357
no longer reported in 2025 (was €12,357)
- Gross operating margin +€11,166
up €11,166 (+26.3%), from €42,399 to €53,565
- Taxes +€2,702
up €2,702 (+8,716%), from €31 to €2,733
- Depreciation +€2,341
up €2,341 (+30.3%), from €7,721 to €10,062
- Financial charges -€1,891
down €1,891 (-50.6%), from €3,737 to €1,846
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 | €43,158 | €165,786 | +€122,628 | +284% |
| Fixed assets | 21/28 | €15,530 | €97,083 | +€81,553 | +525% |
| Intangible fixed assets | 21 | €4,136 | €2,149 | -€1,987 | -48.0% |
| Tangible fixed assets | 22/27 | €9,490 | €75,857 | +€66,367 | +699% |
| Land and buildings | 22 | - | €2,821 | +€2,821 | |
| Plant, machinery and equipment | 23 | €108 | €25 | -€83 | -76.9% |
| Furniture and vehicles | 24 | €5,182 | €2,094 | -€3,088 | -59.6% |
| Other tangible fixed assets | 26 | €4,200 | €70,917 | +€66,717 | +1,589% |
| Financial fixed assets | 28 | €1,904 | €19,077 | +€17,173 | +902% |
| Current assets | 29/58 | €27,628 | €68,703 | +€41,075 | +149% |
| Amounts receivable within one year | 40/41 | €19,468 | €57,052 | +€37,584 | +193% |
| Trade receivables | 40 | €16,946 | €52,316 | +€35,370 | +209% |
| Other amounts receivable | 41 | €2,522 | €4,736 | +€2,214 | +87.8% |
| Cash at bank and in hand | 54/58 | €7,797 | €11,232 | +€3,435 | +44.1% |
| Deferred charges and accrued income | 490/1 | €363 | €419 | +€56 | +15.4% |
| Total equity and liabilities | 10/49 | €43,158 | €165,786 | +€122,628 | +284% |
| Equity | 10/15 | -€30,718 | €6,824 | +€37,542 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,718 | €1,824 | +€37,542 | |
| Amounts payable | 17/49 | €73,876 | €158,962 | +€85,086 | +115% |
| Amounts payable after more than one year | 17 | €7,107 | - | -€7,107 | |
| Financial debts | 170/4 | €7,107 | - | -€7,107 | |
| Amounts payable within one year | 42/48 | €66,769 | €158,962 | +€92,193 | +138% |
| Current portion of amounts payable after more than one year | 42 | €18,566 | €7,107 | -€11,459 | -61.7% |
| Trade debts | 44 | €44,743 | €55,879 | +€11,136 | +24.9% |
| Suppliers | 440/4 | €44,743 | €55,879 | +€11,136 | +24.9% |
| Advances received on contracts in progress | 46 | €781 | - | -€781 | |
| Taxes, remuneration and social security | 45 | €1,867 | €11,128 | +€9,261 | +496% |
| Taxes | 450/3 | €1,867 | €11,128 | +€9,261 | +496% |
| Other amounts payable | 47/48 | €812 | €84,848 | +€84,036 | +10,349% |
| Remuneration, social security and pensions | 62 | €12,357 | - | -€12,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,721 | €10,062 | +€2,341 | +30.3% |
| Other operating charges | 640/8 | €798 | €1,438 | +€640 | +80.2% |
| Gross operating margin | 9900 | €42,399 | €53,565 | +€11,166 | +26.3% |
| Operating profit (loss) | 9901 | €21,523 | €42,065 | +€20,542 | +95.4% |
| Financial income | 75/76B | €50 | €56 | +€6 | +12.0% |
| Recurring financial income | 75 | €50 | €56 | +€6 | +12.0% |
| Financial charges | 65/66B | €3,737 | €1,846 | -€1,891 | -50.6% |
| Recurring financial charges | 65 | €3,737 | €1,846 | -€1,891 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €17,836 | €40,275 | +€22,439 | +126% |
| Income taxes | 67/77 | €31 | €2,733 | +€2,702 | +8,716% |
| Profit (loss) for the period | 9904 | €17,805 | €37,542 | +€19,737 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €17,805 | €37,542 | +€19,737 | +111% |
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 15 October 2026 via checked.be.