TESCO 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.
TESCO ENGINEERING
Largest movements
- Current investments -€103,041
no longer reported in 2025 (was €103,041)
- Cash +€46,138
up €46,138 (+67.9%), from €67,999 to €114,137
mainly Current investments (+€103,041) and Net result for the year (+€67,585)
- Tangible fixed assets -€35,690
down €35,690 (-23.2%), from €153,773 to €118,083
of which Furniture and vehicles: -€34,487
- Receivables within one year -€21,040
down €21,040 (-22.9%), from €92,003 to €70,962
of which Other amounts receivable: -€21,753
- Reserves -€59,896
down €59,896 (-17.6%), from €341,260 to €281,364
- Trade debts -€59,487
down €59,487 (-89.1%), from €66,774 to €7,287
- Tax, wage and social debts +€5,296
up €5,296 (+115.1%), from €4,601 to €9,897
- Depreciation +€18,575
up €18,575 (+108.5%), from €17,116 to €35,690
- Gross operating margin +€13,140
up €13,140 (+10.6%), from €123,648 to €136,788
- Financial income -€3,563
down €3,563 (-75.5%), from €4,718 to €1,155
- Taxes -€2,032
down €2,032 (-5.9%), from €34,659 to €32,627
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.
Cash bridge derived
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 | €418,835 | €304,748 | -€114,087 | -27.2% |
| Fixed assets | 21/28 | €153,773 | €118,083 | -€35,690 | -23.2% |
| Tangible fixed assets | 22/27 | €153,773 | €118,083 | -€35,690 | -23.2% |
| Land and buildings | 22 | €1,543 | €340 | -€1,203 | -78.0% |
| Furniture and vehicles | 24 | €152,230 | €117,743 | -€34,487 | -22.7% |
| Current assets | 29/58 | €265,062 | €186,665 | -€78,397 | -29.6% |
| Amounts receivable within one year | 40/41 | €92,003 | €70,962 | -€21,040 | -22.9% |
| Trade receivables | 40 | €23,758 | €24,471 | +€713 | +3.0% |
| Other amounts receivable | 41 | €68,244 | €46,491 | -€21,753 | -31.9% |
| Current investments | 50/53 | €103,041 | - | -€103,041 | |
| Cash at bank and in hand | 54/58 | €67,999 | €114,137 | +€46,138 | +67.9% |
| Deferred charges and accrued income | 490/1 | €2,020 | €1,566 | -€454 | -22.5% |
| Total equity and liabilities | 10/49 | €418,835 | €304,748 | -€114,087 | -27.2% |
| Equity | 10/15 | €347,460 | €287,564 | -€59,896 | -17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €341,260 | €281,364 | -€59,896 | -17.6% |
| Distributable reserves | 133 | €341,260 | €281,364 | -€59,896 | -17.6% |
| Amounts payable | 17/49 | €71,375 | €17,184 | -€54,191 | -75.9% |
| Amounts payable within one year | 42/48 | €71,375 | €17,184 | -€54,191 | -75.9% |
| Trade debts | 44 | €66,774 | €7,287 | -€59,487 | -89.1% |
| Suppliers | 440/4 | €66,774 | €7,287 | -€59,487 | -89.1% |
| Taxes, remuneration and social security | 45 | €4,601 | €9,897 | +€5,296 | +115.1% |
| Taxes | 450/3 | €4,601 | €9,897 | +€5,296 | +115.1% |
| Non-recurring operating income | 76A | €372 | - | -€372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,116 | €35,690 | +€18,575 | +108.5% |
| Other operating charges | 640/8 | €1,528 | €1,854 | +€326 | +21.3% |
| Non-recurring operating charges | 66A | €1,083 | - | -€1,083 | |
| Gross operating margin | 9900 | €123,648 | €136,788 | +€13,140 | +10.6% |
| Operating profit (loss) | 9901 | €103,921 | €99,244 | -€4,677 | -4.5% |
| Financial income | 75/76B | €4,718 | €1,155 | -€3,563 | -75.5% |
| Recurring financial income | 75 | €4,718 | €1,155 | -€3,563 | -75.5% |
| Financial charges | 65/66B | €100 | €187 | +€87 | +86.9% |
| Recurring financial charges | 65 | €100 | €187 | +€87 | +86.9% |
| Profit (loss) for the period before taxes | 9903 | €108,539 | €100,212 | -€8,328 | -7.7% |
| Income taxes | 67/77 | €34,659 | €32,627 | -€2,032 | -5.9% |
| Profit (loss) for the period | 9904 | €73,881 | €67,585 | -€6,296 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,881 | €67,585 | -€6,296 | -8.5% |
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 12 October 2026 via checked.be.