TESP WATERPROOF: 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.
TESP WATERPROOF
Largest movements
- Receivables within one year -€11,894
down €11,894 (-36.6%), from €32,466 to €20,572
of which Trade receivables: -€24,497
- Tangible fixed assets +€11,709
up €11,709 (+1,247%), from €939 to €12,648
of which Plant, machinery and equipment: +€6,535
- Intangible fixed assets -€478
down €478 (-51.5%), from €927 to €449
- Tax, wage and social debts +€22,523
up €22,523 (+6,370%), from €354 to €22,876
- Profit (loss) carried forward -€13,612
down €13,612 (-2,494%), from -€546 to -€14,158
- Trade debts -€9,886
down €9,886 (-24.0%), from €41,126 to €31,240
- Gross operating margin -€34,355
down €34,355 (-90.0%), from €38,186 to €3,830
- Taxes +€6,583
new in 2025: €6,583
- Write-downs -€5,739
no longer reported in 2025 (was €5,739)
- Financial charges +€3,037
up €3,037 (+308%), from €988 to €4,025
- Other operating charges +€1,606
up €1,606 (+34.2%), from €4,691 to €6,297
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.
Derived cash bridge
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 | €42,434 | €41,459 | -€975 | -2.3% |
| Fixed assets | 21/28 | €1,865 | €13,097 | +€11,232 | +602% |
| Intangible fixed assets | 21 | €927 | €449 | -€478 | -51.5% |
| Tangible fixed assets | 22/27 | €939 | €12,648 | +€11,709 | +1,247% |
| Plant, machinery and equipment | 23 | €939 | €7,473 | +€6,535 | +696% |
| Furniture and vehicles | 24 | - | €5,175 | +€5,175 | |
| Current assets | 29/58 | €40,569 | €28,362 | -€12,207 | -30.1% |
| Amounts receivable within one year | 40/41 | €32,466 | €20,572 | -€11,894 | -36.6% |
| Trade receivables | 40 | €26,135 | €1,638 | -€24,497 | -93.7% |
| Other amounts receivable | 41 | €6,331 | €18,934 | +€12,603 | +199% |
| Cash at bank and in hand | 54/58 | €8,103 | €7,790 | -€313 | -3.9% |
| Total equity and liabilities | 10/49 | €42,434 | €41,459 | -€975 | -2.3% |
| Equity | 10/15 | €954 | -€12,658 | -€13,612 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€546 | -€14,158 | -€13,612 | -2,494% |
| Amounts payable | 17/49 | €41,480 | €54,116 | +€12,637 | +30.5% |
| Amounts payable within one year | 42/48 | €41,480 | €54,116 | +€12,637 | +30.5% |
| Trade debts | 44 | €41,126 | €31,240 | -€9,886 | -24.0% |
| Suppliers | 440/4 | €41,126 | €31,240 | -€9,886 | -24.0% |
| Taxes, remuneration and social security | 45 | €354 | €22,876 | +€22,523 | +6,370% |
| Taxes | 450/3 | €354 | €22,876 | +€22,523 | +6,370% |
| Remuneration, social security and pensions | 62 | €1,097 | - | -€1,097 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537 | €1,826 | +€1,289 | +240% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,739 | - | -€5,739 | |
| Other operating charges | 640/8 | €4,691 | €6,297 | +€1,606 | +34.2% |
| Gross operating margin | 9900 | €38,186 | €3,830 | -€34,355 | -90.0% |
| Operating profit (loss) | 9901 | €26,122 | -€4,293 | -€30,415 | |
| Financial income | 75/76B | €221 | €1,289 | +€1,069 | +485% |
| Recurring financial income | 75 | €221 | €1,289 | +€1,069 | +485% |
| Financial charges | 65/66B | €988 | €4,025 | +€3,037 | +308% |
| Recurring financial charges | 65 | €988 | €4,025 | +€3,037 | +308% |
| Profit (loss) for the period before taxes | 9903 | €25,355 | -€7,029 | -€32,384 | |
| Income taxes | 67/77 | - | €6,583 | +€6,583 | |
| Profit (loss) for the period | 9904 | €25,355 | -€13,612 | -€38,967 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,355 | -€13,612 | -€38,967 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.