TERSAGO INVEST: what changed
What changed
TERSAGO INVEST
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€34,235
2024 · €31,235+€2,999
Equity
€152,229
2024 · €117,995+€34,235
Cash
€12,186
2024 · €10,076+€2,111
Balance sheet total
€230,161
2024 · €189,354+€40,806
Largest movements
Assets
- Receivables within one year +€70,043
up €70,043 (+77.6%), from €90,276 to €160,319
of which Other amounts receivable: +€56,211
- Stocks and contracts -€38,587
no longer reported in 2025 (was €38,587)
- Financial fixed assets +€9,000
new in 2025: €9,000
- Tangible fixed assets -€2,485
down €2,485 (-5.0%), from €49,510 to €47,025
of which Furniture and vehicles: -€1,325
Equity and liabilities
- Reserves +€34,235
up €34,235 (+32.4%), from €105,595 to €139,829
of which Distributable reserves: +€34,235
- Debts after one year -€8,782
down €8,782 (-30.7%), from €28,635 to €19,853
- Tax, wage and social debts +€8,011
up €8,011 (+25.3%), from €31,671 to €39,682
- Current portion of long-term debt +€6,555
up €6,555 (+80.9%), from €8,098 to €14,653
Income statement
- Taxes -€3,652
down €3,652 (-19.5%), from €18,750 to €15,098
- Gross operating margin -€2,729
down €2,729 (-4.8%), from €57,154 to €54,425
- Financial income +€1,972
up €1,972 (+71.8%), from €2,744 to €4,716
- Other operating charges -€1,868
down €1,868 (-78.2%), from €2,390 to €522
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€31,235
Gross operating margin
-€2,729
Depreciation
-€33
Other operating charges
+€1,868
Other operating items
-€1,931
Financial income
+€1,972
Financial charges
+€202
Taxes
+€3,652
Result 2025
€34,235
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13,429
Investment
-€9,000
Financing
-€2,319
Cash 2024
€10,076
From operations (derived)
+€13,429
Net result for the year
+€34,235
Depreciation
+€2,485
Stocks and contracts
+€38,587
Receivables within one year
-€70,043
Deferred charges and accrued income
-€724
Trade debts
+€883
Tax, wage and social debts
+€8,011
Accrued charges and deferred income
-€3
Investment (derived)
-€9,000
Investment in fixed assets (net)
-€9,000
Financing
-€2,319
Debts after one year
-€8,782
Current portion of long-term debt
+€6,555
Short-term financial debts
-€91
Cash 2025
€12,186
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,354 | €230,161 | +€40,806 | +21.6% |
| Fixed assets | 21/28 | €49,510 | €56,025 | +€6,515 | +13.2% |
| Tangible fixed assets | 22/27 | €49,510 | €47,025 | -€2,485 | -5.0% |
| Plant, machinery and equipment | 23 | €1,657 | €497 | -€1,160 | -70.0% |
| Furniture and vehicles | 24 | €3,853 | €2,528 | -€1,325 | -34.4% |
| Other tangible fixed assets | 26 | €44,000 | €44,000 | = | 0.0% |
| Financial fixed assets | 28 | - | €9,000 | +€9,000 | |
| Current assets | 29/58 | €139,845 | €174,136 | +€34,291 | +24.5% |
| Stocks and contracts in progress | 3 | €38,587 | - | -€38,587 | |
| Stocks | 30/36 | €38,587 | - | -€38,587 | |
| Amounts receivable within one year | 40/41 | €90,276 | €160,319 | +€70,043 | +77.6% |
| Trade receivables | 40 | €18,855 | €32,687 | +€13,832 | +73.4% |
| Other amounts receivable | 41 | €71,421 | €127,632 | +€56,211 | +78.7% |
| Cash at bank and in hand | 54/58 | €10,076 | €12,186 | +€2,111 | +20.9% |
| Deferred charges and accrued income | 490/1 | €906 | €1,631 | +€724 | +79.9% |
| Total equity and liabilities | 10/49 | €189,354 | €230,161 | +€40,806 | +21.6% |
| Equity | 10/15 | €117,995 | €152,229 | +€34,235 | +29.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €105,595 | €139,829 | +€34,235 | +32.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €34 | €34 | = | 0.0% |
| Distributable reserves | 133 | €103,701 | €137,935 | +€34,235 | +33.0% |
| Amounts payable | 17/49 | €71,360 | €77,931 | +€6,571 | +9.2% |
| Amounts payable after more than one year | 17 | €28,635 | €19,853 | -€8,782 | -30.7% |
| Financial debts | 170/4 | €28,635 | €19,853 | -€8,782 | -30.7% |
| Amounts payable within one year | 42/48 | €42,721 | €58,078 | +€15,357 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €8,098 | €14,653 | +€6,555 | +80.9% |
| Financial debts | 43 | €91 | - | -€91 | |
| Credit institutions | 430/8 | €91 | - | -€91 | |
| Trade debts | 44 | €2,861 | €3,744 | +€883 | +30.9% |
| Suppliers | 440/4 | €2,861 | €3,744 | +€883 | +30.9% |
| Taxes, remuneration and social security | 45 | €31,671 | €39,682 | +€8,011 | +25.3% |
| Taxes | 450/3 | €31,671 | €39,682 | +€8,011 | +25.3% |
| Accrued charges and deferred income | 492/3 | €3 | - | -€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,452 | €2,485 | +€33 | +1.3% |
| Other operating charges | 640/8 | €2,390 | €522 | -€1,868 | -78.2% |
| Non-recurring operating charges | 66A | €413 | €2,344 | +€1,931 | +467% |
| Gross operating margin | 9900 | €57,154 | €54,425 | -€2,729 | -4.8% |
| Operating profit (loss) | 9901 | €51,899 | €49,074 | -€2,826 | -5.4% |
| Financial income | 75/76B | €2,744 | €4,716 | +€1,972 | +71.8% |
| Recurring financial income | 75 | €2,744 | €4,716 | +€1,972 | +71.8% |
| Financial charges | 65/66B | €4,658 | €4,456 | -€202 | -4.3% |
| Recurring financial charges | 65 | €4,658 | €4,456 | -€202 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €49,986 | €49,333 | -€652 | -1.3% |
| Income taxes | 67/77 | €18,750 | €15,098 | -€3,652 | -19.5% |
| Profit (loss) for the period | 9904 | €31,235 | €34,235 | +€2,999 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,235 | €34,235 | +€2,999 | +9.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.