TESSAK: 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.
TESSAK
Largest movements
- Cash +€600,928
up €600,928 (+356.1%), from €168,758 to €769,686
mainly Contributions, distributions and other (+€474,106) and Provisions (+€158,035)
- Receivables within one year +€89,537
up €89,537 (+87.7%), from €102,097 to €191,633
of which Other amounts receivable: +€88,274
- Tangible fixed assets -€73,887
down €73,887 (-83.0%), from €88,995 to €15,108
of which Land and buildings: -€73,459
- Current investments -€25,825
down €25,825 (-100.0%), from €25,825 to €0
- Reserves +€474,106
up €474,106 (+386.6%), from €122,626 to €596,732
- Provisions +€158,035
up €158,035 (+386.6%), from €40,875 to €198,910
- Other debts -€37,451
down €37,451 (-98.9%), from €37,883 to €432
- Gross operating margin -€173,636
down €173,636 (-92.5%), from €187,714 to €14,078
- Financial income -€14,002
down €14,002 (-60.0%), from €23,322 to €9,321
- Other operating charges +€8,737
up €8,737 (+161.2%), from €5,422 to €14,159
- Depreciation -€6,525
down €6,525 (-49.3%), from €13,239 to €6,715
- Financial charges -€2,054
down €2,054 (-50.7%), from €4,053 to €1,999
of which Non-recurring financial charges: -€3,784
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 | €385,944 | €980,197 | +€594,253 | +154.0% |
| Fixed assets | 21/28 | €89,045 | €15,158 | -€73,887 | -83.0% |
| Tangible fixed assets | 22/27 | €88,995 | €15,108 | -€73,887 | -83.0% |
| Land and buildings | 22 | €87,712 | €14,253 | -€73,459 | -83.8% |
| Furniture and vehicles | 24 | €1,283 | €856 | -€427 | -33.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €296,900 | €965,039 | +€668,139 | +225.0% |
| Amounts receivable within one year | 40/41 | €102,097 | €191,633 | +€89,537 | +87.7% |
| Trade receivables | 40 | €1,537 | €2,800 | +€1,263 | +82.1% |
| Other amounts receivable | 41 | €100,559 | €188,833 | +€88,274 | +87.8% |
| Current investments | 50/53 | €25,825 | €0 | -€25,825 | -100.0% |
| Cash at bank and in hand | 54/58 | €168,758 | €769,686 | +€600,928 | +356.1% |
| Deferred charges and accrued income | 490/1 | €220 | €3,720 | +€3,500 | +1590.9% |
| Total equity and liabilities | 10/49 | €385,944 | €980,197 | +€594,253 | +154.0% |
| Equity | 10/15 | €306,340 | €780,646 | +€474,306 | +154.8% |
| Contributions | 10/11 | €145,600 | €145,600 | = | 0.0% |
| Reserves | 13 | €122,626 | €596,732 | +€474,106 | +386.6% |
| Tax-exempt reserves | 132 | €122,626 | €596,732 | +€474,106 | +386.6% |
| Profit (loss) carried forward | 14 | €38,114 | €38,314 | +€200 | +0.5% |
| Provisions and deferred taxes | 16 | €40,875 | €198,910 | +€158,035 | +386.6% |
| Deferred taxes | 168 | €40,875 | €198,910 | +€158,035 | +386.6% |
| Amounts payable | 17/49 | €38,729 | €640 | -€38,089 | -98.3% |
| Amounts payable within one year | 42/48 | €38,729 | €640 | -€38,089 | -98.3% |
| Trade debts | 44 | €17 | €16 | -€1 | -3.8% |
| Suppliers | 440/4 | €17 | €16 | -€1 | -3.8% |
| Taxes, remuneration and social security | 45 | €829 | €192 | -€637 | -76.8% |
| Taxes | 450/3 | €829 | €192 | -€637 | -76.8% |
| Other amounts payable | 47/48 | €37,883 | €432 | -€37,451 | -98.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €163,501 | €0 | -€163,501 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,239 | €6,715 | -€6,525 | -49.3% |
| Other operating charges | 640/8 | €5,422 | €14,159 | +€8,737 | +161.2% |
| Gross operating margin | 9900 | €187,714 | €14,078 | -€173,636 | -92.5% |
| Operating profit (loss) | 9901 | €169,053 | -€6,795 | -€175,848 | |
| Financial income | 75/76B | €23,322 | €9,321 | -€14,002 | -60.0% |
| Recurring financial income | 75 | €23,322 | €9,321 | -€14,002 | -60.0% |
| Financial charges | 65/66B | €4,053 | €1,999 | -€2,054 | -50.7% |
| Recurring financial charges | 65 | €269 | €1,999 | +€1,730 | +643.2% |
| Non-recurring financial charges | 66B | €3,784 | €0 | -€3,784 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €188,323 | €527 | -€187,796 | -99.7% |
| Transfer to deferred taxes | 680 | €40,875 | €0 | -€40,875 | -100.0% |
| Income taxes | 67/77 | €252 | €326 | +€75 | +29.6% |
| Profit (loss) for the period | 9904 | €147,196 | €200 | -€146,995 | -99.9% |
| Transfer to tax-exempt reserves | 689 | €122,626 | €0 | -€122,626 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,570 | €200 | -€24,369 | -99.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.