Tejas: 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.
Tejas
Largest movements
- Cash -€52,861
down €52,861 (-21.9%), from €241,182 to €188,321
mainly Contributions, distributions and other (-€94,218) and Debts after one year (-€75,468)
- Receivables within one year -€45,737
down €45,737 (-9.7%), from €469,576 to €423,839
of which Other amounts receivable: -€44,576
- Tangible fixed assets -€22,604
down €22,604 (-3.5%), from €653,878 to €631,274
of which Land and buildings: -€21,675
- Debts after one year -€75,468
down €75,468 (-11.4%), from €659,638 to €584,170
- Reserves -€33,806
down €33,806 (-9.8%), from €344,913 to €311,108
- Gross operating margin -€10,433
down €10,433 (-7.4%), from €141,231 to €130,797
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 | €1,375,146 | €1,256,338 | -€118,808 | -8.6% |
| Fixed assets | 21/28 | €663,878 | €641,274 | -€22,604 | -3.4% |
| Tangible fixed assets | 22/27 | €653,878 | €631,274 | -€22,604 | -3.5% |
| Land and buildings | 22 | €652,162 | €630,487 | -€21,675 | -3.3% |
| Furniture and vehicles | 24 | €1,716 | €786 | -€930 | -54.2% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €711,268 | €615,064 | -€96,204 | -13.5% |
| Amounts receivable within one year | 40/41 | €469,576 | €423,839 | -€45,737 | -9.7% |
| Trade receivables | 40 | €49,963 | €48,802 | -€1,161 | -2.3% |
| Other amounts receivable | 41 | €419,613 | €375,037 | -€44,576 | -10.6% |
| Cash at bank and in hand | 54/58 | €241,182 | €188,321 | -€52,861 | -21.9% |
| Deferred charges and accrued income | 490/1 | €510 | €2,904 | +€2,394 | +469% |
| Total equity and liabilities | 10/49 | €1,375,146 | €1,256,338 | -€118,808 | -8.6% |
| Equity | 10/15 | €598,609 | €564,803 | -€33,806 | -5.6% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €344,913 | €311,108 | -€33,806 | -9.8% |
| Distributable reserves | 133 | €344,913 | €311,108 | -€33,806 | -9.8% |
| Profit (loss) carried forward | 14 | €185,095 | €185,095 | = | 0.0% |
| Amounts payable | 17/49 | €776,537 | €691,535 | -€85,003 | -10.9% |
| Amounts payable after more than one year | 17 | €659,638 | €584,170 | -€75,468 | -11.4% |
| Financial debts | 170/4 | €659,638 | €584,170 | -€75,468 | -11.4% |
| Amounts payable within one year | 42/48 | €115,534 | €104,295 | -€11,239 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €73,738 | €75,468 | +€1,730 | +2.3% |
| Trade debts | 44 | €12,358 | €6,398 | -€5,960 | -48.2% |
| Suppliers | 440/4 | €12,358 | €6,398 | -€5,960 | -48.2% |
| Taxes, remuneration and social security | 45 | €29,438 | €22,429 | -€7,009 | -23.8% |
| Taxes | 450/3 | €29,438 | €22,429 | -€7,009 | -23.8% |
| Accrued charges and deferred income | 492/3 | €1,365 | €3,069 | +€1,704 | +125% |
| Non-recurring operating income | 76A | - | €21,161 | +€21,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,932 | €22,604 | -€1,328 | -5.5% |
| Other operating charges | 640/8 | €5,567 | €4,472 | -€1,095 | -19.7% |
| Gross operating margin | 9900 | €141,231 | €130,797 | -€10,433 | -7.4% |
| Operating profit (loss) | 9901 | €111,732 | €103,721 | -€8,011 | -7.2% |
| Financial income | 75/76B | €548 | €1,000 | +€452 | +82.5% |
| Recurring financial income | 75 | €548 | €1,000 | +€452 | +82.5% |
| Financial charges | 65/66B | €18,784 | €18,322 | -€461 | -2.5% |
| Recurring financial charges | 65 | €18,784 | €18,322 | -€461 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €93,496 | €86,399 | -€7,097 | -7.6% |
| Income taxes | 67/77 | €25,751 | €25,986 | +€235 | +0.9% |
| Profit (loss) for the period | 9904 | €67,745 | €60,413 | -€7,332 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,745 | €60,413 | -€7,332 | -10.8% |
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 27 October 2026 via checked.be.