TESSERACT EFFICIENCE: 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.
TESSERACT EFFICIENCE
Largest movements
- Tangible fixed assets +€223,725
up €223,725 (+49.3%), from €453,558 to €677,283
of which Land and buildings: +€213,105
- Cash -€14,005
down €14,005 (-62.2%), from €22,526 to €8,521
mainly Investment in fixed assets (net) (-€242,414) and Net result for the year (-€30,929)
- Receivables within one year +€8,875
up €8,875 (+24.5%), from €36,282 to €45,157
of which Trade receivables: +€9,832
- Debts after one year +€204,160
up €204,160 (+47.3%), from €431,183 to €635,343
- Profit (loss) carried forward -€30,929
down €30,929 (-296%), from -€10,451 to -€41,380
- Trade debts +€14,496
up €14,496 (+1,100%), from €1,318 to €15,814
- Tax, wage and social debts +€11,260
up €11,260 (+187%), from €6,022 to €17,282
- Other debts +€8,820
up €8,820 (+188%), from €4,697 to €13,517
- Gross operating margin -€22,650
down €22,650 (-51.0%), from €44,380 to €21,730
- Financial income -€9,790
down €9,790 (-100.0%), from €9,790 to €0
of which Non-recurring financial income: -€9,788
- Financial charges +€7,406
up €7,406 (+34.6%), from €21,383 to €28,789
of which Financial charges: +€6,308
- Depreciation +€6,189
up €6,189 (+49.5%), from €12,500 to €18,689
- Other operating charges -€2,766
down €2,766 (-35.6%), from €7,767 to €5,001
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 | €514,689 | €731,155 | +€216,466 | +42.1% |
| Fixed assets | 21/28 | €453,583 | €677,308 | +€223,725 | +49.3% |
| Tangible fixed assets | 22/27 | €453,558 | €677,283 | +€223,725 | +49.3% |
| Land and buildings | 22 | €452,508 | €665,613 | +€213,105 | +47.1% |
| Plant, machinery and equipment | 23 | - | €9,888 | +€9,888 | |
| Furniture and vehicles | 24 | €1,050 | €1,782 | +€732 | +69.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €61,106 | €53,847 | -€7,259 | -11.9% |
| Amounts receivable within one year | 40/41 | €36,282 | €45,157 | +€8,875 | +24.5% |
| Trade receivables | 40 | €15,325 | €25,157 | +€9,832 | +64.2% |
| Other amounts receivable | 41 | €20,957 | €20,000 | -€957 | -4.6% |
| Cash at bank and in hand | 54/58 | €22,526 | €8,521 | -€14,005 | -62.2% |
| Deferred charges and accrued income | 490/1 | €2,298 | €168 | -€2,130 | -92.7% |
| Total equity and liabilities | 10/49 | €514,689 | €731,155 | +€216,466 | +42.1% |
| Equity | 10/15 | €54,935 | €24,006 | -€30,929 | -56.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,186 | €59,186 | +€0 | 0.0% |
| Distributable reserves | 133 | €59,186 | €59,186 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€10,451 | -€41,380 | -€30,929 | -296% |
| Amounts payable | 17/49 | €459,754 | €707,149 | +€247,395 | +53.8% |
| Amounts payable after more than one year | 17 | €431,183 | €635,343 | +€204,160 | +47.3% |
| Financial debts | 170/4 | €431,183 | €635,343 | +€204,160 | +47.3% |
| Amounts payable within one year | 42/48 | €28,571 | €71,806 | +€43,235 | +151% |
| Current portion of amounts payable after more than one year | 42 | €16,534 | €25,193 | +€8,659 | +52.4% |
| Trade debts | 44 | €1,318 | €15,814 | +€14,496 | +1,100% |
| Suppliers | 440/4 | €1,318 | €15,814 | +€14,496 | +1,100% |
| Taxes, remuneration and social security | 45 | €6,022 | €17,282 | +€11,260 | +187% |
| Taxes | 450/3 | €6,022 | €17,282 | +€11,260 | +187% |
| Other amounts payable | 47/48 | €4,697 | €13,517 | +€8,820 | +188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,500 | €18,689 | +€6,189 | +49.5% |
| Other operating charges | 640/8 | €7,767 | €5,001 | -€2,766 | -35.6% |
| Gross operating margin | 9900 | €44,380 | €21,730 | -€22,650 | -51.0% |
| Operating profit (loss) | 9901 | €24,113 | -€1,960 | -€26,073 | |
| Financial income | 75/76B | €9,790 | €0 | -€9,790 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -87.0% |
| Non-recurring financial income | 76B | €9,788 | - | -€9,788 | |
| Financial charges | 65/66B | €21,383 | €28,789 | +€7,406 | +34.6% |
| Recurring financial charges | 65 | €21,383 | €27,691 | +€6,308 | +29.5% |
| Non-recurring financial charges | 66B | - | €1,099 | +€1,099 | |
| Profit (loss) for the period before taxes | 9903 | €12,520 | -€30,749 | -€43,269 | |
| Income taxes | 67/77 | €248 | €180 | -€68 | -27.4% |
| Profit (loss) for the period | 9904 | €12,272 | -€30,929 | -€43,201 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,272 | -€30,929 | -€43,201 |
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 25 October 2026 via checked.be.