TESS GEIE: 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.
TESS GEIE
Largest movements
- Receivables within one year +€22,302
up €22,302 (+137%), from €16,316 to €38,618
of which Trade receivables: +€22,302
- Cash +€17,336
up €17,336 (+177%), from €9,819 to €27,155
mainly Net result for the year (+€31,702) and Debts after one year (+€22,514)
- Debts after one year +€22,514
up €22,514 (+137%), from €16,474 to €38,987
- Tax, wage and social debts +€8,999
up €8,999 (+124%), from €7,241 to €16,240
of which Remuneration and social security: +€6,768
- Trade debts +€8,174
up €8,174 (+320%), from €2,556 to €10,731
- Gross operating margin +€60,218
up €60,218 (+93.9%), from €64,137 to €124,354
- Staff costs +€32,352
up €32,352 (+53.9%), from €60,062 to €92,414
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 | €26,271 | €65,958 | +€39,686 | +151% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €26,271 | €65,958 | +€39,686 | +151% |
| Amounts receivable within one year | 40/41 | €16,316 | €38,618 | +€22,302 | +137% |
| Trade receivables | 40 | €16,316 | €38,618 | +€22,302 | +137% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,819 | €27,155 | +€17,336 | +177% |
| Deferred charges and accrued income | 490/1 | €137 | €185 | +€48 | +35.2% |
| Total equity and liabilities | 10/49 | €26,271 | €65,958 | +€39,686 | +151% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,271 | €65,958 | +€39,686 | +151% |
| Amounts payable after more than one year | 17 | €16,474 | €38,987 | +€22,514 | +137% |
| Other amounts payable | 178/9 | €16,474 | €38,987 | +€22,514 | +137% |
| Amounts payable within one year | 42/48 | €9,797 | €26,970 | +€17,173 | +175% |
| Trade debts | 44 | €2,556 | €10,731 | +€8,174 | +320% |
| Suppliers | 440/4 | €2,556 | €10,731 | +€8,174 | +320% |
| Taxes, remuneration and social security | 45 | €7,241 | €16,240 | +€8,999 | +124% |
| Taxes | 450/3 | €1,390 | €3,620 | +€2,230 | +160% |
| Remuneration and social security | 454/9 | €5,851 | €12,620 | +€6,768 | +116% |
| Remuneration, social security and pensions | 62 | €60,062 | €92,414 | +€32,352 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156 | €0 | -€156 | -100% |
| Gross operating margin | 9900 | €64,137 | €124,354 | +€60,218 | +93.9% |
| Operating profit (loss) | 9901 | €3,919 | €31,940 | +€28,021 | +715% |
| Financial income | 75/76B | €1 | €1 | -€0 | -16.7% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -16.7% |
| Financial charges | 65/66B | €145 | €239 | +€93 | +64.1% |
| Recurring financial charges | 65 | €145 | €239 | +€93 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | €3,775 | €31,703 | +€27,928 | +740% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -14.7% |
| Profit (loss) for the period | 9904 | €3,774 | €31,702 | +€27,928 | +740% |
| Profit (loss) for the period to be appropriated | 9905 | €3,774 | €31,702 | +€27,928 | +740% |
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 29 October 2026 via checked.be.