téSar: 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.
téSar
Largest movements
- Cash +€58,269
up €58,269 (+41.0%), from €142,053 to €200,322
mainly Net result for the year (+€40,625) and Receivables within one year (+€13,221)
- Receivables within one year -€13,221
down €13,221 (-36.7%), from €36,056 to €22,835
of which Other amounts receivable: -€6,997
- Profit (loss) carried forward +€40,625
up €40,625 (+23.8%), from €170,635 to €211,260
- Other debts +€2,614
up €2,614 (+235%), from €1,114 to €3,728
- Gross operating margin -€53,003
down €53,003 (-50.3%), from €105,337 to €52,334
- Taxes -€10,665
down €10,665 (-49.4%), from €21,572 to €10,907
- Depreciation -€1,882
down €1,882 (-90.0%), from €2,091 to €209
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 | €179,126 | €223,593 | +€44,467 | +24.8% |
| Fixed assets | 21/28 | €539 | €331 | -€209 | -38.7% |
| Tangible fixed assets | 22/27 | €539 | €331 | -€209 | -38.7% |
| Furniture and vehicles | 24 | €539 | €331 | -€209 | -38.7% |
| Current assets | 29/58 | €178,587 | €223,262 | +€44,675 | +25.0% |
| Amounts receivable within one year | 40/41 | €36,056 | €22,835 | -€13,221 | -36.7% |
| Trade receivables | 40 | €18,529 | €12,305 | -€6,223 | -33.6% |
| Other amounts receivable | 41 | €17,527 | €10,530 | -€6,997 | -39.9% |
| Cash at bank and in hand | 54/58 | €142,053 | €200,322 | +€58,269 | +41.0% |
| Deferred charges and accrued income | 490/1 | €478 | €105 | -€373 | -78.0% |
| Total equity and liabilities | 10/49 | €179,126 | €223,593 | +€44,467 | +24.8% |
| Equity | 10/15 | €171,635 | €212,260 | +€40,625 | +23.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,635 | €211,260 | +€40,625 | +23.8% |
| Amounts payable | 17/49 | €7,491 | €11,333 | +€3,842 | +51.3% |
| Amounts payable within one year | 42/48 | €7,491 | €11,333 | +€3,842 | +51.3% |
| Trade debts | 44 | €2,808 | €2,196 | -€612 | -21.8% |
| Suppliers | 440/4 | €2,808 | €2,196 | -€612 | -21.8% |
| Taxes, remuneration and social security | 45 | €3,568 | €5,409 | +€1,841 | +51.6% |
| Taxes | 450/3 | €1,060 | €5,409 | +€4,349 | +410% |
| Remuneration and social security | 454/9 | €2,508 | €0 | -€2,508 | -100% |
| Other amounts payable | 47/48 | €1,114 | €3,728 | +€2,614 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,091 | €209 | -€1,882 | -90.0% |
| Other operating charges | 640/8 | €631 | €849 | +€218 | +34.5% |
| Gross operating margin | 9900 | €105,337 | €52,334 | -€53,003 | -50.3% |
| Operating profit (loss) | 9901 | €102,615 | €51,276 | -€51,339 | -50.0% |
| Financial income | 75/76B | €9 | €453 | +€444 | +4,897% |
| Recurring financial income | 75 | €9 | €453 | +€444 | +4,897% |
| Financial charges | 65/66B | €250 | €197 | -€53 | -21.1% |
| Recurring financial charges | 65 | €250 | €197 | -€53 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €102,374 | €51,532 | -€50,843 | -49.7% |
| Income taxes | 67/77 | €21,572 | €10,907 | -€10,665 | -49.4% |
| Profit (loss) for the period | 9904 | €80,802 | €40,625 | -€40,178 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,802 | €40,625 | -€40,178 | -49.7% |
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 15 October 2026 via checked.be.