Teso Expert: 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.
Teso Expert
Largest movements
- Tangible fixed assets -€18,449
down €18,449 (-23.6%), from €78,144 to €59,695
of which Furniture and vehicles: -€23,358
- Cash +€3,753
up €3,753 (+41.2%), from €9,118 to €12,871
mainly Depreciation (+€25,028) and Receivables within one year (+€2,907)
- Receivables within one year -€2,907
down €2,907 (-10.5%), from €27,627 to €24,720
of which Other amounts receivable: -€5,174
- Deferred charges and accrued income +€2,503
new in 2025: €2,503
- Debts after one year -€13,808
down €13,808 (-31.4%), from €43,978 to €30,170
- Profit (loss) carried forward -€2,990
down €2,990 (-6.7%), from €44,449 to €41,459
- Trade debts +€2,411
up €2,411 (+49.6%), from €4,858 to €7,270
- Tax, wage and social debts -€1,512
down €1,512 (-11.7%), from €12,924 to €11,412
of which Taxes: -€3,809
- Gross operating margin -€34,097
down €34,097 (-51.3%), from €66,501 to €32,403
- Depreciation +€15,572
up €15,572 (+164.7%), from €9,456 to €25,028
- Taxes -€7,149
down €7,149 (-62.3%), from €11,471 to €4,322
- Financial charges +€2,831
up €2,831 (+679.0%), from €417 to €3,248
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 | €124,390 | €109,289 | -€15,101 | -12.1% |
| Fixed assets | 21/28 | €87,644 | €69,195 | -€18,449 | -21.1% |
| Tangible fixed assets | 22/27 | €78,144 | €59,695 | -€18,449 | -23.6% |
| Plant, machinery and equipment | 23 | - | €4,909 | +€4,909 | |
| Furniture and vehicles | 24 | €78,144 | €54,786 | -€23,358 | -29.9% |
| Financial fixed assets | 28 | €9,500 | €9,500 | = | 0.0% |
| Current assets | 29/58 | €36,746 | €40,095 | +€3,349 | +9.1% |
| Amounts receivable within one year | 40/41 | €27,627 | €24,720 | -€2,907 | -10.5% |
| Trade receivables | 40 | €21,542 | €23,808 | +€2,267 | +10.5% |
| Other amounts receivable | 41 | €6,086 | €912 | -€5,174 | -85.0% |
| Cash at bank and in hand | 54/58 | €9,118 | €12,871 | +€3,753 | +41.2% |
| Deferred charges and accrued income | 490/1 | - | €2,503 | +€2,503 | |
| Total equity and liabilities | 10/49 | €124,390 | €109,289 | -€15,101 | -12.1% |
| Equity | 10/15 | €49,449 | €46,459 | -€2,990 | -6.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,449 | €41,459 | -€2,990 | -6.7% |
| Amounts payable | 17/49 | €74,941 | €62,830 | -€12,111 | -16.2% |
| Amounts payable after more than one year | 17 | €43,978 | €30,170 | -€13,808 | -31.4% |
| Financial debts | 170/4 | €43,978 | €30,170 | -€13,808 | -31.4% |
| Amounts payable within one year | 42/48 | €30,963 | €32,660 | +€1,698 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €13,022 | €13,808 | +€787 | +6.0% |
| Trade debts | 44 | €4,858 | €7,270 | +€2,411 | +49.6% |
| Suppliers | 440/4 | €4,858 | €7,270 | +€2,411 | +49.6% |
| Taxes, remuneration and social security | 45 | €12,924 | €11,412 | -€1,512 | -11.7% |
| Taxes | 450/3 | €11,471 | €7,662 | -€3,809 | -33.2% |
| Remuneration and social security | 454/9 | €1,453 | €3,750 | +€2,297 | +158.1% |
| Other amounts payable | 47/48 | €159 | €171 | +€12 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,456 | €25,028 | +€15,572 | +164.7% |
| Other operating charges | 640/8 | €741 | €1,079 | +€339 | +45.7% |
| Non-recurring operating charges | 66A | - | €1,683 | +€1,683 | |
| Gross operating margin | 9900 | €66,501 | €32,403 | -€34,097 | -51.3% |
| Operating profit (loss) | 9901 | €56,304 | €4,612 | -€51,692 | -91.8% |
| Financial income | 75/76B | €33 | €0 | -€33 | -100.0% |
| Recurring financial income | 75 | €33 | €0 | -€33 | -100.0% |
| Financial charges | 65/66B | €417 | €3,248 | +€2,831 | +679.0% |
| Recurring financial charges | 65 | €417 | €3,248 | +€2,831 | +679.0% |
| Profit (loss) for the period before taxes | 9903 | €55,920 | €1,364 | -€54,555 | -97.6% |
| Income taxes | 67/77 | €11,471 | €4,322 | -€7,149 | -62.3% |
| Profit (loss) for the period | 9904 | €44,449 | -€2,957 | -€47,406 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,449 | -€2,957 | -€47,406 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.