TESSENOV: 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.
TESSENOV
Largest movements
- Cash +€33,130
up €33,130 (+29.9%), from €110,622 to €143,751
mainly Net result for the year (+€41,823) and Receivables within one year (+€6,620)
- Receivables within one year -€6,620
down €6,620 (-20.1%), from €32,986 to €26,366
of which Other amounts receivable: -€6,620
- Reserves +€32,733
up €32,733 (+25.1%), from €130,186 to €162,919
- Other debts -€7,240
down €7,240 (-100.0%), from €7,240 to €0
- Gross operating margin +€32,612
up €32,612 (+106.1%), from €30,734 to €63,346
- Taxes +€7,961
up €7,961 (+83.2%), from €9,563 to €17,524
- Financial income -€2,063
down €2,063 (-99.9%), from €2,065 to €2
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 | €160,757 | €186,542 | +€25,785 | +16.0% |
| Fixed assets | 21/28 | €16,786 | €15,138 | -€1,648 | -9.8% |
| Tangible fixed assets | 22/27 | €3,453 | €1,805 | -€1,648 | -47.7% |
| Plant, machinery and equipment | 23 | €1,332 | €703 | -€629 | -47.2% |
| Furniture and vehicles | 24 | €630 | €122 | -€508 | -80.6% |
| Other tangible fixed assets | 26 | €1,492 | €980 | -€511 | -34.3% |
| Financial fixed assets | 28 | €13,333 | €13,333 | = | 0.0% |
| Current assets | 29/58 | €143,971 | €171,403 | +€27,433 | +19.1% |
| Stocks and contracts in progress | 3 | €363 | €285 | -€78 | -21.4% |
| Stocks | 30/36 | €363 | €285 | -€78 | -21.4% |
| Amounts receivable within one year | 40/41 | €32,986 | €26,366 | -€6,620 | -20.1% |
| Trade receivables | 40 | €16,638 | €16,638 | = | 0.0% |
| Other amounts receivable | 41 | €16,349 | €9,729 | -€6,620 | -40.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €110,622 | €143,751 | +€33,130 | +29.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,001 | +€1,001 | |
| Total equity and liabilities | 10/49 | €160,757 | €186,542 | +€25,785 | +16.0% |
| Equity | 10/15 | €142,686 | €175,419 | +€32,733 | +22.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €130,186 | €162,919 | +€32,733 | +25.1% |
| Distributable reserves | 133 | €130,186 | €162,919 | +€32,733 | +25.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,072 | €11,123 | -€6,949 | -38.5% |
| Amounts payable within one year | 42/48 | €18,072 | €11,123 | -€6,949 | -38.5% |
| Trade debts | 44 | €4,508 | €5,142 | +€633 | +14.1% |
| Suppliers | 440/4 | €4,508 | €5,142 | +€633 | +14.1% |
| Taxes, remuneration and social security | 45 | €6,323 | €5,981 | -€342 | -5.4% |
| Taxes | 450/3 | €6,323 | €5,981 | -€342 | -5.4% |
| Other amounts payable | 47/48 | €7,240 | €0 | -€7,240 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,504 | €1,648 | +€144 | +9.6% |
| Other operating charges | 640/8 | €1,747 | €1,356 | -€391 | -22.4% |
| Non-recurring operating charges | 66A | €931 | €0 | -€931 | -100.0% |
| Gross operating margin | 9900 | €30,734 | €63,346 | +€32,612 | +106.1% |
| Operating profit (loss) | 9901 | €26,554 | €60,342 | +€33,789 | +127.2% |
| Financial income | 75/76B | €2,065 | €2 | -€2,063 | -99.9% |
| Recurring financial income | 75 | €2,065 | €2 | -€2,063 | -99.9% |
| Financial charges | 65/66B | €1,086 | €997 | -€88 | -8.1% |
| Recurring financial charges | 65 | €1,086 | €997 | -€88 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €27,533 | €59,347 | +€31,814 | +115.6% |
| Income taxes | 67/77 | €9,563 | €17,524 | +€7,961 | +83.2% |
| Profit (loss) for the period | 9904 | €17,970 | €41,823 | +€23,853 | +132.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,970 | €41,823 | +€23,853 | +132.7% |
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 12 October 2026 via checked.be.