TESS-VS: what changed
Two fiscal 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-VS
Largest movements
- Stocks and contracts +€82,856
up €82,856 (+29.1%), from €284,467 to €367,322
- Tangible fixed assets +€7,248
up €7,248 (+25.6%), from €28,305 to €35,554
of which Other tangible fixed assets: +€10,522
- Cash -€6,155
down €6,155 (-17.3%), from €35,575 to €29,420
mainly Stocks and contracts (-€82,856) and Investment in fixed assets (net) (-€17,632)
- Trade debts +€66,954
up €66,954 (+62.5%), from €107,119 to €174,073
- Reserves +€21,736
up €21,736 (+21.3%), from €102,203 to €123,938
- Short-term financial debts +€10,157
new in 2025: €10,157
- Other debts -€8,632
down €8,632 (-15.0%), from €57,566 to €48,934
- Gross operating margin +€54,267
up €54,267 (+30.0%), from €181,125 to €235,392
- Staff costs +€27,079
up €27,079 (+17.4%), from €155,272 to €182,351
- Taxes +€6,148
up €6,148 (+118.7%), from €5,178 to €11,326
- Depreciation +€4,252
up €4,252 (+69.3%), from €6,131 to €10,383
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 | €374,244 | €458,193 | +€83,949 | +22.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €47,537 | €54,785 | +€7,248 | +15.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €28,305 | €35,554 | +€7,248 | +25.6% |
| Plant, machinery and equipment | 23 | €451 | €37 | -€413 | -91.7% |
| Furniture and vehicles | 24 | €4,408 | €4,548 | +€140 | +3.2% |
| Leasing and similar rights | 25 | €13,689 | €10,689 | -€3,000 | -21.9% |
| Other tangible fixed assets | 26 | €9,758 | €20,279 | +€10,522 | +107.8% |
| Financial fixed assets | 28 | €19,231 | €19,231 | = | 0.0% |
| Current assets | 29/58 | €326,707 | €403,408 | +€76,700 | +23.5% |
| Stocks and contracts in progress | 3 | €284,467 | €367,322 | +€82,856 | +29.1% |
| Stocks | 30/36 | €284,467 | €367,322 | +€82,856 | +29.1% |
| Cash at bank and in hand | 54/58 | €35,575 | €29,420 | -€6,155 | -17.3% |
| Deferred charges and accrued income | 490/1 | €6,666 | €6,666 | = | 0.0% |
| Total equity and liabilities | 10/49 | €374,244 | €458,193 | +€83,949 | +22.4% |
| Equity | 10/15 | €152,203 | €173,938 | +€21,736 | +14.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Outside capital | 11 | €50,000 | - | -€50,000 | |
| Other | 1109/19 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €102,203 | €123,938 | +€21,736 | +21.3% |
| Distributable reserves | 133 | €102,203 | €123,938 | +€21,736 | +21.3% |
| Amounts payable | 17/49 | €222,041 | €284,255 | +€62,213 | +28.0% |
| Amounts payable within one year | 42/48 | €211,133 | €277,296 | +€66,163 | +31.3% |
| Financial debts | 43 | - | €10,157 | +€10,157 | |
| Credit institutions | 430/8 | - | €10,157 | +€10,157 | |
| Trade debts | 44 | €107,119 | €174,073 | +€66,954 | +62.5% |
| Suppliers | 440/4 | €107,119 | €174,073 | +€66,954 | +62.5% |
| Taxes, remuneration and social security | 45 | €46,448 | €44,131 | -€2,317 | -5.0% |
| Taxes | 450/3 | €24,461 | €21,021 | -€3,440 | -14.1% |
| Remuneration and social security | 454/9 | €21,987 | €23,111 | +€1,123 | +5.1% |
| Other amounts payable | 47/48 | €57,566 | €48,934 | -€8,632 | -15.0% |
| Accrued charges and deferred income | 492/3 | €10,908 | €6,959 | -€3,949 | -36.2% |
| Remuneration, social security and pensions | 62 | €155,272 | €182,351 | +€27,079 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,131 | €10,383 | +€4,252 | +69.3% |
| Other operating charges | 640/8 | €5,220 | €3,702 | -€1,518 | -29.1% |
| Non-recurring operating charges | 66A | €2,150 | - | -€2,150 | |
| Gross operating margin | 9900 | €181,125 | €235,392 | +€54,267 | +30.0% |
| Operating profit (loss) | 9901 | €12,352 | €38,956 | +€26,605 | +215.4% |
| Financial income | 75/76B | €602 | €1,355 | +€753 | +125.0% |
| Recurring financial income | 75 | €602 | €1,355 | +€753 | +125.0% |
| Financial charges | 65/66B | €6,199 | €7,250 | +€1,050 | +16.9% |
| Recurring financial charges | 65 | €5,647 | €7,250 | +€1,603 | +28.4% |
| Non-recurring financial charges | 66B | €553 | - | -€553 | |
| Profit (loss) for the period before taxes | 9903 | €6,755 | €33,062 | +€26,307 | +389.5% |
| Income taxes | 67/77 | €5,178 | €11,326 | +€6,148 | +118.7% |
| Profit (loss) for the period | 9904 | €1,577 | €21,736 | +€20,159 | +1278.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,577 | €21,736 | +€20,159 | +1278.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.