T.E.S. ELECTRIC: 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.
T.E.S. ELECTRIC
Largest movements
- Cash +€21,533
up €21,533 (+43.5%), from €49,448 to €70,982
mainly Net result for the year (+€14,275) and Depreciation (+€10,636)
- Receivables within one year +€14,029
up €14,029 (+66.3%), from €21,163 to €35,192
of which Trade receivables: +€13,859
- Tangible fixed assets -€12,945
no longer reported in 2025 (was €12,945)
- Profit (loss) carried forward +€14,275
up €14,275 (+40.7%), from €35,071 to €49,346
- Contributions +€10,600
up €10,600 (+133%), from €8,000 to €18,600
- Debts after one year -€8,456
down €8,456 (-64.7%), from €13,072 to €4,615
- Trade debts +€3,844
up €3,844 (+25.0%), from €15,377 to €19,221
- Tax, wage and social debts +€2,355
up €2,355 (+137%), from €1,720 to €4,075
- Depreciation -€10,133
down €10,133 (-48.8%), from €20,769 to €10,636
- Taxes +€2,355
up €2,355 (+137%), from €1,720 to €4,075
- Gross operating margin +€759
up €759 (+2.6%), from €29,394 to €30,153
- Other operating charges +€431
up €431 (+68.2%), from €632 to €1,063
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 | €83,556 | €106,174 | +€22,617 | +27.1% |
| Fixed assets | 21/28 | €12,945 | - | -€12,945 | |
| Tangible fixed assets | 22/27 | €12,945 | - | -€12,945 | |
| Furniture and vehicles | 24 | €12,945 | - | -€12,945 | |
| Current assets | 29/58 | €70,611 | €106,174 | +€35,562 | +50.4% |
| Amounts receivable within one year | 40/41 | €21,163 | €35,192 | +€14,029 | +66.3% |
| Trade receivables | 40 | €20,964 | €34,823 | +€13,859 | +66.1% |
| Other amounts receivable | 41 | €199 | €369 | +€170 | +85.4% |
| Cash at bank and in hand | 54/58 | €49,448 | €70,982 | +€21,533 | +43.5% |
| Total equity and liabilities | 10/49 | €83,556 | €106,174 | +€22,617 | +27.1% |
| Equity | 10/15 | €44,931 | €69,806 | +€24,875 | +55.4% |
| Contributions | 10/11 | €8,000 | €18,600 | +€10,600 | +133% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,071 | €49,346 | +€14,275 | +40.7% |
| Amounts payable | 17/49 | €38,625 | €36,367 | -€2,258 | -5.8% |
| Amounts payable after more than one year | 17 | €13,072 | €4,615 | -€8,456 | -64.7% |
| Financial debts | 170/4 | €13,072 | €4,615 | -€8,456 | -64.7% |
| Amounts payable within one year | 42/48 | €25,553 | €31,752 | +€6,198 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €8,456 | €8,456 | = | 0.0% |
| Trade debts | 44 | €15,377 | €19,221 | +€3,844 | +25.0% |
| Suppliers | 440/4 | €15,377 | €19,221 | +€3,844 | +25.0% |
| Taxes, remuneration and social security | 45 | €1,720 | €4,075 | +€2,355 | +137% |
| Taxes | 450/3 | €1,720 | €4,075 | +€2,355 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,769 | €10,636 | -€10,133 | -48.8% |
| Other operating charges | 640/8 | €632 | €1,063 | +€431 | +68.2% |
| Gross operating margin | 9900 | €29,394 | €30,153 | +€759 | +2.6% |
| Operating profit (loss) | 9901 | €7,993 | €18,454 | +€10,461 | +131% |
| Financial charges | 65/66B | €128 | €104 | -€24 | -18.5% |
| Recurring financial charges | 65 | €128 | €104 | -€24 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €7,865 | €18,350 | +€10,485 | +133% |
| Income taxes | 67/77 | €1,720 | €4,075 | +€2,355 | +137% |
| Profit (loss) for the period | 9904 | €6,145 | €14,275 | +€8,130 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €6,145 | €14,275 | +€8,130 | +132% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.