TEPESAN: 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.
TEPESAN
Largest movements
- Tangible fixed assets +€23,805
new in 2024: €23,805
- Receivables within one year -€3,940
down €3,940 (-5.4%), from €72,804 to €68,864
of which Trade receivables: -€23,421
- Cash -€2,102
down €2,102 (-61.5%), from €3,417 to €1,314
mainly Investment in fixed assets (net) (-€26,900) and Advances received (-€16,300)
- Debts after one year +€27,344
new in 2024: €27,344
- Advances received -€16,300
down €16,300 (-92.1%), from €17,700 to €1,400
- Tax, wage and social debts -€9,483
down €9,483 (-74.0%), from €12,823 to €3,340
- Current portion of long-term debt +€6,559
new in 2024: €6,559
- Trade debts +€5,690
up €5,690 (+26.0%), from €21,872 to €27,562
- Depreciation +€3,095
new in 2024: €3,095
- Financial charges +€2,666
up €2,666 (+484.8%), from €550 to €3,216
- Financial income +€1,226
up €1,226 (+22576.2%), from €5 to €1,231
- Taxes -€1,120
down €1,120 (-50.2%), from €2,230 to €1,110
- Gross operating margin -€889
down €889 (-7.0%), from €12,788 to €11,899
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,221 | €93,983 | +€17,762 | +23.3% |
| Fixed assets | 21/28 | - | €23,805 | +€23,805 | |
| Tangible fixed assets | 22/27 | - | €23,805 | +€23,805 | |
| Furniture and vehicles | 24 | - | €23,805 | +€23,805 | |
| Current assets | 29/58 | €76,221 | €70,178 | -€6,042 | -7.9% |
| Amounts receivable within one year | 40/41 | €72,804 | €68,864 | -€3,940 | -5.4% |
| Trade receivables | 40 | €62,779 | €39,358 | -€23,421 | -37.3% |
| Other amounts receivable | 41 | €10,025 | €29,506 | +€19,481 | +194.3% |
| Cash at bank and in hand | 54/58 | €3,417 | €1,314 | -€2,102 | -61.5% |
| Total equity and liabilities | 10/49 | €76,221 | €93,983 | +€17,762 | +23.3% |
| Equity | 10/15 | €23,825 | €27,777 | +€3,951 | +16.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,465 | €19,417 | +€3,951 | +25.5% |
| Amounts payable | 17/49 | €52,395 | €66,206 | +€13,811 | +26.4% |
| Amounts payable after more than one year | 17 | - | €27,344 | +€27,344 | |
| Financial debts | 170/4 | - | €27,344 | +€27,344 | |
| Amounts payable within one year | 42/48 | €52,395 | €38,862 | -€13,533 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,559 | +€6,559 | |
| Trade debts | 44 | €21,872 | €27,562 | +€5,690 | +26.0% |
| Suppliers | 440/4 | €21,872 | €27,562 | +€5,690 | +26.0% |
| Advances received on contracts in progress | 46 | €17,700 | €1,400 | -€16,300 | -92.1% |
| Taxes, remuneration and social security | 45 | €12,823 | €3,340 | -€9,483 | -74.0% |
| Taxes | 450/3 | €12,823 | €3,340 | -€9,483 | -74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,095 | +€3,095 | |
| Other operating charges | 640/8 | €1,640 | €1,757 | +€117 | +7.2% |
| Gross operating margin | 9900 | €12,788 | €11,899 | -€889 | -7.0% |
| Operating profit (loss) | 9901 | €11,148 | €7,046 | -€4,102 | -36.8% |
| Financial income | 75/76B | €5 | €1,231 | +€1,226 | +22576.2% |
| Recurring financial income | 75 | €5 | €1,231 | +€1,226 | +22576.2% |
| Financial charges | 65/66B | €550 | €3,216 | +€2,666 | +484.8% |
| Recurring financial charges | 65 | €550 | €3,216 | +€2,666 | +484.8% |
| Profit (loss) for the period before taxes | 9903 | €10,604 | €5,061 | -€5,542 | -52.3% |
| Income taxes | 67/77 | €2,230 | €1,110 | -€1,120 | -50.2% |
| Profit (loss) for the period | 9904 | €8,374 | €3,951 | -€4,422 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,374 | €3,951 | -€4,422 | -52.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.