TesLo: 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.
TesLo
Largest movements
- Cash +€49,403
up €49,403 (+489.5%), from €10,093 to €59,496
mainly Net result for the year (+€213,400) and Receivables within one year (+€31,784)
- Receivables within one year -€31,784
down €31,784 (-61.7%), from €51,535 to €19,751
of which Other amounts receivable: -€17,833
- Reserves +€213,400
up €213,400 (+34.4%), from €620,787 to €834,187
- Debts after one year -€185,000
down €185,000 (-16.6%), from €1.1m to €927,125
- Financial income +€20,069
up €20,069 (+9.1%), from €220,176 to €240,245
- Gross operating margin -€9,826
down €9,826, from €7,251 to -€2,575
- Staff costs +€1,760
new in 2025: €1,760
- Depreciation +€1,118
up €1,118 (+70.5%), from €1,585 to €2,703
- Financial charges -€899
down €899 (-4.8%), from €18,737 to €17,838
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 | €1,931,957 | €1,961,559 | +€29,602 | +1.5% |
| Fixed assets | 21/28 | €1,861,571 | €1,858,868 | -€2,703 | -0.1% |
| Tangible fixed assets | 22/27 | €9,446 | €6,743 | -€2,703 | -28.6% |
| Plant, machinery and equipment | 23 | €3,875 | €3,420 | -€455 | -11.7% |
| Furniture and vehicles | 24 | €5,571 | €3,323 | -€2,248 | -40.3% |
| Financial fixed assets | 28 | €1,852,125 | €1,852,125 | = | 0.0% |
| Current assets | 29/58 | €70,386 | €102,691 | +€32,305 | +45.9% |
| Amounts receivable after more than one year | 29 | €8,200 | €23,200 | +€15,000 | +182.9% |
| Other amounts receivable | 291 | €8,200 | €23,200 | +€15,000 | +182.9% |
| Amounts receivable within one year | 40/41 | €51,535 | €19,751 | -€31,784 | -61.7% |
| Trade receivables | 40 | €13,951 | - | -€13,951 | |
| Other amounts receivable | 41 | €37,584 | €19,751 | -€17,833 | -47.4% |
| Cash at bank and in hand | 54/58 | €10,093 | €59,496 | +€49,403 | +489.5% |
| Deferred charges and accrued income | 490/1 | €558 | €244 | -€314 | -56.3% |
| Total equity and liabilities | 10/49 | €1,931,957 | €1,961,559 | +€29,602 | +1.5% |
| Equity | 10/15 | €621,787 | €835,187 | +€213,400 | +34.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €620,787 | €834,187 | +€213,400 | +34.4% |
| Distributable reserves | 133 | €620,787 | €834,187 | +€213,400 | +34.4% |
| Amounts payable | 17/49 | €1,310,170 | €1,126,372 | -€183,798 | -14.0% |
| Amounts payable after more than one year | 17 | €1,112,125 | €927,125 | -€185,000 | -16.6% |
| Financial debts | 170/4 | €1,112,125 | €927,125 | -€185,000 | -16.6% |
| Amounts payable within one year | 42/48 | €195,347 | €196,934 | +€1,588 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €185,000 | €185,000 | = | 0.0% |
| Trade debts | 44 | €2,099 | €476 | -€1,623 | -77.3% |
| Suppliers | 440/4 | €2,099 | €476 | -€1,623 | -77.3% |
| Taxes, remuneration and social security | 45 | €7,448 | €11,458 | +€4,010 | +53.8% |
| Taxes | 450/3 | €7,448 | €11,458 | +€4,010 | +53.8% |
| Other amounts payable | 47/48 | €800 | - | -€800 | |
| Accrued charges and deferred income | 492/3 | €2,698 | €2,313 | -€385 | -14.3% |
| Remuneration, social security and pensions | 62 | - | €1,760 | +€1,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,585 | €2,703 | +€1,118 | +70.5% |
| Other operating charges | 640/8 | €1,650 | €1,497 | -€154 | -9.3% |
| Non-recurring operating charges | 66A | - | €189 | +€189 | |
| Gross operating margin | 9900 | €7,251 | -€2,575 | -€9,826 | |
| Operating profit (loss) | 9901 | €4,016 | -€8,724 | -€12,739 | |
| Financial income | 75/76B | €220,176 | €240,245 | +€20,069 | +9.1% |
| Recurring financial income | 75 | €220,176 | €240,245 | +€20,069 | +9.1% |
| Financial charges | 65/66B | €18,737 | €17,838 | -€899 | -4.8% |
| Recurring financial charges | 65 | €18,737 | €17,838 | -€899 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €205,455 | €213,683 | +€8,228 | +4.0% |
| Income taxes | 67/77 | €76 | €283 | +€207 | +271.9% |
| Profit (loss) for the period | 9904 | €205,378 | €213,400 | +€8,021 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €205,378 | €213,400 | +€8,021 | +3.9% |
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.