TESINO: 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.
TESINO
Largest movements
- Cash -€5,902
down €5,902 (-25.2%), from €23,465 to €17,563
mainly Net result for the year (-€12,990) and Investment in fixed assets (net) (-€5,000)
- Stocks and contracts +€3,476
up €3,476 (+22.1%), from €15,735 to €19,212
- Tangible fixed assets +€3,440
up €3,440 (+458.7%), from €750 to €4,190
of which Other tangible fixed assets: +€2,479
- Receivables within one year +€3,008
up €3,008 (+420.5%), from €715 to €3,724
of which Other amounts receivable: +€3,417
- Tax, wage and social debts +€20,886
up €20,886 (+135.8%), from €15,374 to €36,260
of which Remuneration and social security: +€19,687
- Profit (loss) carried forward -€12,990
down €12,990 (-53.8%), from -€24,123 to -€37,114
- Other debts -€2,630
down €2,630 (-49.7%), from €5,287 to €2,657
- Current portion of long-term debt -€1,210
down €1,210 (-100.0%), from €1,210 to €0
- Staff costs +€23,740
up €23,740 (+22.6%), from €105,176 to €128,916
- Gross operating margin +€10,674
up €10,674 (+9.2%), from €116,007 to €126,681
- Other operating charges +€4,667
up €4,667 (+243.8%), from €1,914 to €6,581
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 | €47,263 | €51,248 | +€3,985 | +8.4% |
| Fixed assets | 21/28 | €6,442 | €9,881 | +€3,440 | +53.4% |
| Tangible fixed assets | 22/27 | €750 | €4,190 | +€3,440 | +458.7% |
| Furniture and vehicles | 24 | €750 | €1,711 | +€961 | +128.1% |
| Other tangible fixed assets | 26 | - | €2,479 | +€2,479 | |
| Financial fixed assets | 28 | €5,692 | €5,692 | = | 0.0% |
| Current assets | 29/58 | €40,821 | €41,367 | +€546 | +1.3% |
| Stocks and contracts in progress | 3 | €15,735 | €19,212 | +€3,476 | +22.1% |
| Stocks | 30/36 | €15,735 | €19,212 | +€3,476 | +22.1% |
| Amounts receivable within one year | 40/41 | €715 | €3,724 | +€3,008 | +420.5% |
| Trade receivables | 40 | €664 | €255 | -€409 | -61.6% |
| Other amounts receivable | 41 | €51 | €3,469 | +€3,417 | +6652.3% |
| Cash at bank and in hand | 54/58 | €23,465 | €17,563 | -€5,902 | -25.2% |
| Deferred charges and accrued income | 490/1 | €905 | €868 | -€37 | -4.1% |
| Total equity and liabilities | 10/49 | €47,263 | €51,248 | +€3,985 | +8.4% |
| Equity | 10/15 | -€5,222 | -€18,213 | -€12,990 | -248.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €301 | €301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €301 | €301 | = | 0.0% |
| Reserves not available under the articles | 1311 | €301 | €301 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,123 | -€37,114 | -€12,990 | -53.8% |
| Amounts payable | 17/49 | €52,485 | €69,461 | +€16,976 | +32.3% |
| Amounts payable within one year | 42/48 | €52,485 | €69,461 | +€16,976 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €1,210 | €0 | -€1,210 | -100.0% |
| Trade debts | 44 | €30,614 | €30,543 | -€70 | -0.2% |
| Suppliers | 440/4 | €30,614 | €30,543 | -€70 | -0.2% |
| Taxes, remuneration and social security | 45 | €15,374 | €36,260 | +€20,886 | +135.8% |
| Taxes | 450/3 | €1,535 | €2,734 | +€1,199 | +78.1% |
| Remuneration and social security | 454/9 | €13,839 | €33,526 | +€19,687 | +142.3% |
| Other amounts payable | 47/48 | €5,287 | €2,657 | -€2,630 | -49.7% |
| Remuneration, social security and pensions | 62 | €105,176 | €128,916 | +€23,740 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510 | €1,560 | +€1,051 | +206.2% |
| Other operating charges | 640/8 | €1,914 | €6,581 | +€4,667 | +243.8% |
| Gross operating margin | 9900 | €116,007 | €126,681 | +€10,674 | +9.2% |
| Operating profit (loss) | 9901 | €8,407 | -€10,376 | -€18,784 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +626.7% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +626.7% |
| Financial charges | 65/66B | €3,224 | €2,616 | -€608 | -18.9% |
| Recurring financial charges | 65 | €3,224 | €2,616 | -€608 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €5,183 | -€12,990 | -€18,173 | |
| Profit (loss) for the period | 9904 | €5,183 | -€12,990 | -€18,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,183 | -€12,990 | -€18,173 |
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 10 October 2026 via checked.be.