TESIBAT: 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.
TESIBAT
Largest movements
- Cash +€52,307
up €52,307 (+80.8%), from €64,726 to €117,033
mainly Trade debts (+€48,457) and Net result for the year (+€46,184)
- Deferred charges and accrued income +€14,694
up €14,694 (+47.4%), from €30,971 to €45,665
- Stocks and contracts -€8,909
down €8,909 (-5.7%), from €155,717 to €146,809
- Tangible fixed assets -€4,629
down €4,629 (-33.5%), from €13,829 to €9,200
of which Plant, machinery and equipment: -€2,622
- Trade debts +€48,457
up €48,457 (+182.0%), from €26,623 to €75,081
- Profit (loss) carried forward +€46,184
up €46,184 (+32.9%), from €140,391 to €186,575
- Tax, wage and social debts -€26,798
down €26,798 (-54.1%), from €49,518 to €22,720
of which Taxes: -€31,786
- Other debts -€15,991
down €15,991 (-15.1%), from €106,140 to €90,149
- Staff costs +€55,249
up €55,249 (+24.3%), from €227,191 to €282,440
- Gross operating margin +€20,371
up €20,371 (+6.1%), from €336,404 to €356,775
- Taxes -€8,305
down €8,305 (-38.4%), from €21,612 to €13,308
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 | €378,451 | €430,300 | +€51,849 | +13.7% |
| Fixed assets | 21/28 | €14,573 | €9,200 | -€5,373 | -36.9% |
| Tangible fixed assets | 22/27 | €13,829 | €9,200 | -€4,629 | -33.5% |
| Plant, machinery and equipment | 23 | €5,560 | €2,938 | -€2,622 | -47.2% |
| Furniture and vehicles | 24 | €8,269 | €6,262 | -€2,006 | -24.3% |
| Financial fixed assets | 28 | €744 | - | -€744 | |
| Current assets | 29/58 | €363,879 | €421,100 | +€57,221 | +15.7% |
| Stocks and contracts in progress | 3 | €155,717 | €146,809 | -€8,909 | -5.7% |
| Stocks | 30/36 | €155,717 | €146,809 | -€8,909 | -5.7% |
| Amounts receivable within one year | 40/41 | €112,465 | €111,593 | -€871 | -0.8% |
| Trade receivables | 40 | €109,111 | €109,901 | +€790 | +0.7% |
| Other amounts receivable | 41 | €3,353 | €1,692 | -€1,661 | -49.5% |
| Cash at bank and in hand | 54/58 | €64,726 | €117,033 | +€52,307 | +80.8% |
| Deferred charges and accrued income | 490/1 | €30,971 | €45,665 | +€14,694 | +47.4% |
| Total equity and liabilities | 10/49 | €378,451 | €430,300 | +€51,849 | +13.7% |
| Equity | 10/15 | €196,166 | €242,350 | +€46,184 | +23.5% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €775 | €775 | = | 0.0% |
| Non-distributable reserves | 130/1 | €775 | €775 | = | 0.0% |
| Reserves not available under the articles | 1311 | €775 | €775 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,391 | €186,575 | +€46,184 | +32.9% |
| Amounts payable | 17/49 | €182,285 | €187,949 | +€5,664 | +3.1% |
| Amounts payable within one year | 42/48 | €182,281 | €187,949 | +€5,668 | +3.1% |
| Trade debts | 44 | €26,623 | €75,081 | +€48,457 | +182.0% |
| Suppliers | 440/4 | €26,623 | €75,081 | +€48,457 | +182.0% |
| Taxes, remuneration and social security | 45 | €49,518 | €22,720 | -€26,798 | -54.1% |
| Taxes | 450/3 | €41,652 | €9,866 | -€31,786 | -76.3% |
| Remuneration and social security | 454/9 | €7,865 | €12,853 | +€4,988 | +63.4% |
| Other amounts payable | 47/48 | €106,140 | €90,149 | -€15,991 | -15.1% |
| Accrued charges and deferred income | 492/3 | €3 | - | -€3 | |
| Remuneration, social security and pensions | 62 | €227,191 | €282,440 | +€55,249 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,771 | €7,679 | -€92 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €621 | -€2,721 | -€3,342 | |
| Other operating charges | 640/8 | €2,202 | €4,804 | +€2,601 | +118.1% |
| Gross operating margin | 9900 | €336,404 | €356,775 | +€20,371 | +6.1% |
| Operating profit (loss) | 9901 | €98,619 | €64,573 | -€34,046 | -34.5% |
| Financial income | 75/76B | €2,068 | €4,773 | +€2,705 | +130.8% |
| Recurring financial income | 75 | €2,068 | €4,773 | +€2,705 | +130.8% |
| Financial charges | 65/66B | €10,634 | €9,854 | -€779 | -7.3% |
| Recurring financial charges | 65 | €10,634 | €9,854 | -€779 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €90,053 | €59,492 | -€30,561 | -33.9% |
| Income taxes | 67/77 | €21,612 | €13,308 | -€8,305 | -38.4% |
| Profit (loss) for the period | 9904 | €68,441 | €46,184 | -€22,257 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,441 | €46,184 | -€22,257 | -32.5% |
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 8 October 2026 via checked.be.