TESIAL: 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.
TESIAL
Largest movements
- Cash +€23,331
up €23,331 (+12.2%), from €191,933 to €215,263
mainly Other debts (+€49,041) and Net result for the year (+€46,147)
- Receivables within one year +€18,208
up €18,208 (+35.7%), from €50,959 to €69,166
- Tangible fixed assets -€8,249
down €8,249 (-41.7%), from €19,770 to €11,522
- Current investments +€7,416
up €7,416 (+16.7%), from €44,489 to €51,906
- Other debts +€49,041
up €49,041 (+45897.1%), from €107 to €49,148
- Trade debts +€16,035
up €16,035 (+130.7%), from €12,265 to €28,299
- Debts after one year -€11,083
no longer reported in 2025 (was €11,083)
- Tax, wage and social debts -€6,526
down €6,526 (-5.2%), from €124,368 to €117,842
of which Remuneration and social security: -€23,379
- Reserves -€5,864
down €5,864 (-4.8%), from €121,933 to €116,069
of which Distributable reserves: -€5,864
- Gross operating margin +€38,335
up €38,335 (+102.3%), from €37,479 to €75,813
- Taxes +€10,080
up €10,080 (+86.9%), from €11,601 to €21,681
- Depreciation +€2,465
up €2,465 (+31.4%), from €7,849 to €10,314
- Financial income +€1,398
up €1,398 (+65.4%), from €2,139 to €3,538
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 | €310,801 | €351,526 | +€40,726 | +13.1% |
| Fixed assets | 21/28 | €19,925 | €11,677 | -€8,249 | -41.4% |
| Tangible fixed assets | 22/27 | €19,770 | €11,522 | -€8,249 | -41.7% |
| Furniture and vehicles | 24 | €19,770 | €11,522 | -€8,249 | -41.7% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €290,875 | €339,850 | +€48,975 | +16.8% |
| Amounts receivable within one year | 40/41 | €50,959 | €69,166 | +€18,208 | +35.7% |
| Trade receivables | 40 | €50,959 | €69,166 | +€18,208 | +35.7% |
| Current investments | 50/53 | €44,489 | €51,906 | +€7,416 | +16.7% |
| Cash at bank and in hand | 54/58 | €191,933 | €215,263 | +€23,331 | +12.2% |
| Deferred charges and accrued income | 490/1 | €3,494 | €3,514 | +€20 | +0.6% |
| Total equity and liabilities | 10/49 | €310,801 | €351,526 | +€40,726 | +13.1% |
| Equity | 10/15 | €161,242 | €155,378 | -€5,864 | -3.6% |
| Contributions | 10/11 | €39,300 | €39,300 | = | 0.0% |
| Reserves | 13 | €121,933 | €116,069 | -€5,864 | -4.8% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,214 | €3,214 | = | 0.0% |
| Distributable reserves | 133 | €116,620 | €110,755 | -€5,864 | -5.0% |
| Profit (loss) carried forward | 14 | €9 | €9 | = | 0.0% |
| Amounts payable | 17/49 | €149,558 | €196,149 | +€46,590 | +31.2% |
| Amounts payable after more than one year | 17 | €11,083 | - | -€11,083 | |
| Financial debts | 170/4 | €11,083 | - | -€11,083 | |
| Amounts payable within one year | 42/48 | €138,475 | €196,149 | +€57,673 | +41.6% |
| Financial debts | 43 | €1,736 | €860 | -€876 | -50.5% |
| Credit institutions | 430/8 | €1,736 | €860 | -€876 | -50.5% |
| Trade debts | 44 | €12,265 | €28,299 | +€16,035 | +130.7% |
| Suppliers | 440/4 | €12,265 | €28,299 | +€16,035 | +130.7% |
| Taxes, remuneration and social security | 45 | €124,368 | €117,842 | -€6,526 | -5.2% |
| Taxes | 450/3 | €9,303 | €26,156 | +€16,853 | +181.2% |
| Remuneration and social security | 454/9 | €115,065 | €91,686 | -€23,379 | -20.3% |
| Other amounts payable | 47/48 | €107 | €49,148 | +€49,041 | +45897.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,849 | €10,314 | +€2,465 | +31.4% |
| Other operating charges | 640/8 | €387 | €478 | +€91 | +23.4% |
| Gross operating margin | 9900 | €37,479 | €75,813 | +€38,335 | +102.3% |
| Operating profit (loss) | 9901 | €29,242 | €65,021 | +€35,779 | +122.4% |
| Financial income | 75/76B | €2,139 | €3,538 | +€1,398 | +65.4% |
| Recurring financial income | 75 | €2,139 | €3,538 | +€1,398 | +65.4% |
| Financial charges | 65/66B | €403 | €731 | +€328 | +81.3% |
| Recurring financial charges | 65 | €403 | €731 | +€328 | +81.3% |
| Profit (loss) for the period before taxes | 9903 | €30,978 | €67,828 | +€36,850 | +119.0% |
| Income taxes | 67/77 | €11,601 | €21,681 | +€10,080 | +86.9% |
| Profit (loss) for the period | 9904 | €19,378 | €46,147 | +€26,770 | +138.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,378 | €46,147 | +€26,770 | +138.1% |
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 4 October 2026 via checked.be.