TESPEBA: 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.
TESPEBA
Largest movements
- Cash +€12,051
up €12,051 (+12.5%), from €96,068 to €108,119
mainly Net result for the year (+€9,247) and Depreciation (+€1,150)
- Profit (loss) carried forward +€9,247
up €9,247 (+9.6%), from €95,836 to €105,083
- Gross operating margin +€2,003
up €2,003 (+17.7%), from €11,308 to €13,311
- Taxes +€796
up €796 (+28.6%), from €2,779 to €3,575
- Financial income +€579
up €579 (+138%), from €421 to €1,000
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 | €120,344 | €130,845 | +€10,501 | +8.7% |
| Fixed assets | 21/28 | €2,364 | €1,214 | -€1,150 | -48.6% |
| Tangible fixed assets | 22/27 | €2,364 | €1,214 | -€1,150 | -48.6% |
| Plant, machinery and equipment | 23 | €299 | €35 | -€264 | -88.4% |
| Furniture and vehicles | 24 | €2,065 | €1,179 | -€886 | -42.9% |
| Current assets | 29/58 | €117,980 | €129,631 | +€11,651 | +9.9% |
| Stocks and contracts in progress | 3 | €54 | €87 | +€33 | +61.1% |
| Stocks | 30/36 | €54 | €87 | +€33 | +61.1% |
| Amounts receivable within one year | 40/41 | €21,858 | €20,988 | -€871 | -4.0% |
| Trade receivables | 40 | €21,513 | €19,926 | -€1,587 | -7.4% |
| Other amounts receivable | 41 | €346 | €1,062 | +€716 | +207% |
| Cash at bank and in hand | 54/58 | €96,068 | €108,119 | +€12,051 | +12.5% |
| Deferred charges and accrued income | 490/1 | - | €437 | +€437 | |
| Total equity and liabilities | 10/49 | €120,344 | €130,845 | +€10,501 | +8.7% |
| Equity | 10/15 | €103,896 | €113,143 | +€9,247 | +8.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,836 | €105,083 | +€9,247 | +9.6% |
| Amounts payable | 17/49 | €16,448 | €17,702 | +€1,253 | +7.6% |
| Amounts payable within one year | 42/48 | €16,448 | €17,702 | +€1,253 | +7.6% |
| Trade debts | 44 | - | €212 | +€212 | |
| Suppliers | 440/4 | - | €212 | +€212 | |
| Taxes, remuneration and social security | 45 | €2,202 | €3,351 | +€1,149 | +52.2% |
| Taxes | 450/3 | €2,202 | €3,351 | +€1,149 | +52.2% |
| Other amounts payable | 47/48 | €14,246 | €14,139 | -€107 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,062 | €1,150 | +€88 | +8.3% |
| Other operating charges | 640/8 | €149 | €223 | +€74 | +49.7% |
| Gross operating margin | 9900 | €11,308 | €13,311 | +€2,003 | +17.7% |
| Operating profit (loss) | 9901 | €10,097 | €11,938 | +€1,841 | +18.2% |
| Financial income | 75/76B | €421 | €1,000 | +€579 | +138% |
| Recurring financial income | 75 | €421 | €1,000 | +€579 | +138% |
| Financial charges | 65/66B | €135 | €116 | -€20 | -14.6% |
| Recurring financial charges | 65 | €135 | €116 | -€20 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €10,383 | €12,823 | +€2,440 | +23.5% |
| Income taxes | 67/77 | €2,779 | €3,575 | +€796 | +28.6% |
| Profit (loss) for the period | 9904 | €7,603 | €9,247 | +€1,644 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,603 | €9,247 | +€1,644 | +21.6% |
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 13 October 2026 via checked.be.