TES-ENGINEERING: 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.
TES-ENGINEERING
Largest movements
- Receivables within one year +€29,990
up €29,990 (+107%), from €28,090 to €58,080
- Cash +€9,932
up €9,932 (+5.5%), from €179,833 to €189,766
mainly Net result for the year (+€30,072) and Tax, wage and social debts (+€7,992)
- Reserves +€30,072
up €30,072 (+16.5%), from €182,283 to €212,356
- Tax, wage and social debts +€7,992
up €7,992 (+239%), from €3,346 to €11,338
of which Taxes: +€3,998
- Other debts +€2,577
up €2,577 (+129%), from €1,999 to €4,576
- Gross operating margin +€19,272
up €19,272 (+139%), from €13,877 to €33,149
- Write-downs -€7,000
no longer reported in 2025 (was €7,000)
- Taxes +€3,018
up €3,018 (+1,436%), from €210 to €3,228
- Financial income +€1,206
up €1,206 (+183%), from €659 to €1,865
- Financial charges +€466
up €466 (+694%), from €67 to €533
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 | €209,453 | €249,324 | +€39,871 | +19.0% |
| Current assets | 29/58 | €209,453 | €249,324 | +€39,871 | +19.0% |
| Amounts receivable within one year | 40/41 | €28,090 | €58,080 | +€29,990 | +107% |
| Trade receivables | 40 | €28,090 | €58,080 | +€29,990 | +107% |
| Cash at bank and in hand | 54/58 | €179,833 | €189,766 | +€9,932 | +5.5% |
| Deferred charges and accrued income | 490/1 | €1,529 | €1,479 | -€51 | -3.3% |
| Total equity and liabilities | 10/49 | €209,453 | €249,324 | +€39,871 | +19.0% |
| Equity | 10/15 | €203,132 | €233,204 | +€30,072 | +14.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €182,283 | €212,356 | +€30,072 | +16.5% |
| Distributable reserves | 133 | €182,283 | €212,356 | +€30,072 | +16.5% |
| Profit (loss) carried forward | 14 | €8,348 | €8,348 | = | 0.0% |
| Amounts payable | 17/49 | €6,321 | €16,120 | +€9,799 | +155% |
| Amounts payable within one year | 42/48 | €6,321 | €15,981 | +€9,660 | +153% |
| Trade debts | 44 | €975 | €66 | -€909 | -93.2% |
| Suppliers | 440/4 | €975 | €66 | -€909 | -93.2% |
| Taxes, remuneration and social security | 45 | €3,346 | €11,338 | +€7,992 | +239% |
| Taxes | 450/3 | €2,346 | €6,344 | +€3,998 | +170% |
| Remuneration and social security | 454/9 | €1,000 | €4,994 | +€3,994 | +399% |
| Other amounts payable | 47/48 | €1,999 | €4,576 | +€2,577 | +129% |
| Accrued charges and deferred income | 492/3 | - | €139 | +€139 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,000 | - | -€7,000 | |
| Other operating charges | 640/8 | €1,156 | €1,180 | +€24 | +2.1% |
| Gross operating margin | 9900 | €13,877 | €33,149 | +€19,272 | +139% |
| Operating profit (loss) | 9901 | €5,721 | €31,969 | +€26,247 | +459% |
| Financial income | 75/76B | €659 | €1,865 | +€1,206 | +183% |
| Recurring financial income | 75 | €659 | €1,865 | +€1,206 | +183% |
| Financial charges | 65/66B | €67 | €533 | +€466 | +694% |
| Recurring financial charges | 65 | €67 | €533 | +€466 | +694% |
| Profit (loss) for the period before taxes | 9903 | €6,313 | €33,300 | +€26,987 | +427% |
| Income taxes | 67/77 | €210 | €3,228 | +€3,018 | +1,436% |
| Profit (loss) for the period | 9904 | €6,103 | €30,072 | +€23,969 | +393% |
| Profit (loss) for the period to be appropriated | 9905 | €6,103 | €30,072 | +€23,969 | +393% |
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 13 October 2026 via checked.be.