Tesec Belgium: 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.
Tesec Belgium
Largest movements
- Current investments +€25,003
up €25,003 (+19.1%), from €130,916 to €155,919
- Cash +€7,927
up €7,927 (+126%), from €6,311 to €14,238
mainly Net result for the year (+€27,642) and Receivables within one year (+€7,013)
- Receivables within one year -€7,013
down €7,013 (-12.4%), from €56,713 to €49,700
of which Other amounts receivable: -€48,313
- Profit (loss) carried forward +€27,642
up €27,642 (+21.7%), from €127,527 to €155,169
- Financial charges -€3,836
down €3,836 (-99.2%), from €3,866 to €30
- Gross operating margin -€2,513
down €2,513 (-6.4%), from €39,447 to €36,934
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 | €196,977 | €221,969 | +€24,992 | +12.7% |
| Fixed assets | 21/28 | €3,037 | €2,112 | -€925 | -30.5% |
| Tangible fixed assets | 22/27 | €3,037 | €2,112 | -€925 | -30.5% |
| Plant, machinery and equipment | 23 | €3,037 | €2,112 | -€925 | -30.5% |
| Current assets | 29/58 | €193,941 | €219,858 | +€25,917 | +13.4% |
| Amounts receivable within one year | 40/41 | €56,713 | €49,700 | -€7,013 | -12.4% |
| Trade receivables | 40 | €6,622 | €47,922 | +€41,300 | +624% |
| Other amounts receivable | 41 | €50,091 | €1,778 | -€48,313 | -96.5% |
| Current investments | 50/53 | €130,916 | €155,919 | +€25,003 | +19.1% |
| Cash at bank and in hand | 54/58 | €6,311 | €14,238 | +€7,927 | +126% |
| Total equity and liabilities | 10/49 | €196,977 | €221,969 | +€24,992 | +12.7% |
| Equity | 10/15 | €140,076 | €167,717 | +€27,642 | +19.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €148 | €148 | = | 0.0% |
| Distributable reserves | 133 | €148 | €148 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,527 | €155,169 | +€27,642 | +21.7% |
| Amounts payable | 17/49 | €56,902 | €54,252 | -€2,649 | -4.7% |
| Amounts payable within one year | 42/48 | €56,902 | €54,252 | -€2,649 | -4.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €27,571 | €25,559 | -€2,011 | -7.3% |
| Suppliers | 440/4 | €27,571 | €25,559 | -€2,011 | -7.3% |
| Taxes, remuneration and social security | 45 | €1,158 | €2,627 | +€1,469 | +127% |
| Taxes | 450/3 | €1,158 | €2,627 | +€1,469 | +127% |
| Other amounts payable | 47/48 | €28,173 | €26,066 | -€2,107 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €925 | €925 | = | 0.0% |
| Other operating charges | 640/8 | €590 | €607 | +€17 | +2.9% |
| Gross operating margin | 9900 | €39,447 | €36,934 | -€2,513 | -6.4% |
| Operating profit (loss) | 9901 | €37,932 | €35,402 | -€2,530 | -6.7% |
| Financial income | 75/76B | €1,767 | €1,476 | -€290 | -16.4% |
| Recurring financial income | 75 | €1,767 | €1,476 | -€290 | -16.4% |
| Financial charges | 65/66B | €3,866 | €30 | -€3,836 | -99.2% |
| Recurring financial charges | 65 | €3,866 | €30 | -€3,836 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €35,832 | €36,848 | +€1,016 | +2.8% |
| Income taxes | 67/77 | €8,830 | €9,207 | +€376 | +4.3% |
| Profit (loss) for the period | 9904 | €27,002 | €27,642 | +€640 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,002 | €27,642 | +€640 | +2.4% |
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 31 October 2026 via checked.be.