TESA: what changed
Two fiscal 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.
What changed
TESA
NACE 46.499, Wholesale of other household goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€669,801
2024 · €352,950+€316,851
Equity
€2.1m
2024 · €2.1m+€801
Cash
-
not filed
Balance sheet total
€7.1m
2024 · €7.3m-€192,951
Largest movements
Assets
- Current investments -€1.2m
down €1.2m (-40.0%), from €3.0m to €1.8m
- Receivables within one year +€987,842
up €987,842 (+22.9%), from €4.3m to €5.3m
of which Trade receivables: +€747,642
Equity and liabilities
- Provisions +€310,003
up €310,003, from €0 to €310,003
- Other debts -€293,083
down €293,083 (-25.1%), from €1.2m to €874,215
- Trade debts -€166,982
down €166,982 (-5.0%), from €3.4m to €3.2m
of which Suppliers: -€126,022
Income statement
- Goods and materials +€17.1m
new in 2025: €17.1m
- Services and other goods -€16.7m
down €16.7m (-88.6%), from €18.9m to €2.2m
- Turnover +€1.3m
up €1.3m (+6.1%), from €20.8m to €22.1m
- Provisions +€1.1m
up €1.1m, from -€833,000 to €310,003
- Taxes -€496,178
down €496,178, from €469,774 to -€26,404
of which Taxes: -€270,698
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.
Result 2024
€352,950
Turnover
+€1.3m
Other operating income
+€124,255
Goods and materials
-€17.1m
Services and other goods
+€16.7m
Staff costs
+€149,840
Depreciation
+€3,084
Write-downs
-€56,445
Provisions
-€1.1m
Other operating charges
+€6,061
Other operating items
+€3,068
Financial income
-€88,362
Financial charges
-€49,219
Taxes
+€496,178
Result 2025
€669,801
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,292,617 | €7,099,666 | -€192,951 | -2.6% |
| Fixed assets | 21/28 | €1,005 | €9,763 | +€8,759 | +871.8% |
| Tangible fixed assets | 22/27 | €1,005 | €9,763 | +€8,759 | +871.8% |
| Furniture and vehicles | 24 | €1,005 | €9,763 | +€8,759 | +871.8% |
| Current assets | 29/58 | €7,291,612 | €7,089,903 | -€201,709 | -2.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,317,114 | €5,304,956 | +€987,842 | +22.9% |
| Trade receivables | 40 | €4,281,230 | €5,028,872 | +€747,642 | +17.5% |
| Other amounts receivable | 41 | €35,884 | €276,084 | +€240,200 | +669.4% |
| Current investments | 50/53 | €2,974,498 | €1,784,946 | -€1.2m | -40.0% |
| Other investments | 51/53 | €2,974,498 | €1,784,946 | -€1.2m | -40.0% |
| Total equity and liabilities | 10/49 | €7,292,617 | €7,099,666 | -€192,951 | -2.6% |
| Equity | 10/15 | €2,067,280 | €2,068,080 | +€801 | 0.0% |
| Contributions | 10/11 | €1,861,290 | €1,861,290 | = | 0.0% |
| Capital | 10 | €1,861,290 | €1,861,290 | = | 0.0% |
| Issued capital | 100 | €1,861,290 | €1,861,290 | = | 0.0% |
| Reserves | 13 | €186,129 | €186,129 | = | 0.0% |
| Non-distributable reserves | 130/1 | €186,129 | €186,129 | = | 0.0% |
| Legal reserve | 130 | €186,129 | €186,129 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,861 | €20,661 | +€801 | +4.0% |
| Provisions and deferred taxes | 16 | €0 | €310,003 | +€310,003 | |
| Provisions for liabilities and charges | 160/5 | €0 | €310,003 | +€310,003 | |
| Other liabilities and charges | 164/5 | €0 | €310,003 | +€310,003 | |
| Amounts payable | 17/49 | €5,225,337 | €4,721,583 | -€503,755 | -9.6% |
| Amounts payable within one year | 42/48 | €5,225,337 | €4,721,583 | -€503,755 | -9.6% |
| Trade debts | 44 | €3,359,399 | €3,192,416 | -€166,982 | -5.0% |
| Suppliers | 440/4 | €2,178,871 | €2,052,849 | -€126,022 | -5.8% |
| Bills of exchange payable | 441 | €1,180,528 | €1,139,568 | -€40,960 | -3.5% |
| Taxes, remuneration and social security | 45 | €698,641 | €654,952 | -€43,689 | -6.3% |
| Taxes | 450/3 | €384,498 | €358,676 | -€25,822 | -6.7% |
| Remuneration and social security | 454/9 | €314,142 | €296,275 | -€17,867 | -5.7% |
| Other amounts payable | 47/48 | €1,167,298 | €874,215 | -€293,083 | -25.1% |
| Operating income | 70/76A | €21,118,408 | €22,517,543 | +€1.4m | +6.6% |
| Turnover | 70 | €20,781,272 | €22,056,152 | +€1.3m | +6.1% |
| Other operating income | 74 | €337,136 | €461,391 | +€124,255 | +36.9% |
| Operating charges | 60/66A | €20,247,945 | €21,688,826 | +€1.4m | +7.1% |
| Goods for resale, raw materials and consumables | 60 | - | €17,105,513 | +€17.1m | |
| Purchases | 600/8 | - | €17,105,513 | +€17.1m | |
| Services and other goods | 61 | €18,859,469 | €2,157,444 | -€16.7m | -88.6% |
| Remuneration, social security and pensions | 62 | €2,201,434 | €2,051,594 | -€149,840 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,325 | €1,241 | -€3,084 | -71.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €56,445 | +€56,445 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€833,000 | €310,003 | +€1.1m | |
| Other operating charges | 640/8 | €12,648 | €6,587 | -€6,061 | -47.9% |
| Non-recurring operating charges | 66A | €3,068 | €0 | -€3,068 | -100.0% |
| Operating profit (loss) | 9901 | €870,463 | €828,716 | -€41,747 | -4.8% |
| Financial income | 75/76B | €140,438 | €52,076 | -€88,362 | -62.9% |
| Recurring financial income | 75 | €140,438 | €52,076 | -€88,362 | -62.9% |
| Income from financial fixed assets | 750 | €59 | €0 | -€59 | -100.0% |
| Income from current assets | 751 | €140,379 | €52,076 | -€88,302 | -62.9% |
| Financial charges | 65/66B | €188,177 | €237,396 | +€49,219 | +26.2% |
| Recurring financial charges | 65 | €188,177 | €237,396 | +€49,219 | +26.2% |
| Debt charges | 650 | €2,058 | €2,063 | +€5 | +0.3% |
| Other financial charges | 652/9 | €186,119 | €235,333 | +€49,214 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €822,724 | €643,397 | -€179,327 | -21.8% |
| Income taxes | 67/77 | €469,774 | -€26,404 | -€496,178 | |
| Taxes | 670/3 | €469,774 | €199,076 | -€270,698 | -57.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €225,480 | +€225,480 | |
| Profit (loss) for the period | 9904 | €352,950 | €669,801 | +€316,851 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €352,950 | €669,801 | +€316,851 | +89.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.