TESSIMMO: 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.
TESSIMMO
Largest movements
- Receivables within one year +€801,751
up €801,751 (+108.9%), from €736,384 to €1.5m
of which Other amounts receivable: +€469,967
- Financial fixed assets +€525,000
new in 2025: €525,000
- Cash -€320,675
down €320,675 (-68.6%), from €467,367 to €146,692
mainly Receivables within one year (-€801,751) and Investment in fixed assets (net) (-€523,824)
- Tangible fixed assets -€178,334
down €178,334 (-9.8%), from €1.8m to €1.6m
of which Land and buildings: -€146,339
- Stocks and contracts +€79,478
new in 2025: €79,478
- Debts after one year +€464,762
up €464,762 (+51.8%), from €896,637 to €1.4m
- Trade debts +€377,520
up €377,520 (+78.9%), from €478,439 to €855,959
- Profit (loss) carried forward +€65,661
up €65,661 (+5.0%), from €1.3m to €1.4m
- Taxes +€23,347
up €23,347 (+221.9%), from €10,521 to €33,869
- Gross operating margin -€17,471
down €17,471 (-3.1%), from €571,513 to €554,042
- Depreciation -€9,056
down €9,056 (-4.9%), from €186,214 to €177,158
- Staff costs +€8,070
up €8,070 (+3.6%), from €225,953 to €234,023
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 | €3,021,396 | €3,928,616 | +€907,221 | +30.0% |
| Fixed assets | 21/28 | €1,817,645 | €2,164,312 | +€346,666 | +19.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,817,645 | €1,639,312 | -€178,334 | -9.8% |
| Land and buildings | 22 | €1,756,855 | €1,610,516 | -€146,339 | -8.3% |
| Plant, machinery and equipment | 23 | €21,074 | €19,734 | -€1,339 | -6.4% |
| Furniture and vehicles | 24 | €39,717 | €9,061 | -€30,655 | -77.2% |
| Financial fixed assets | 28 | - | €525,000 | +€525,000 | |
| Current assets | 29/58 | €1,203,750 | €1,764,305 | +€560,555 | +46.6% |
| Stocks and contracts in progress | 3 | - | €79,478 | +€79,478 | |
| Stocks | 30/36 | - | €79,478 | +€79,478 | |
| Amounts receivable within one year | 40/41 | €736,384 | €1,538,135 | +€801,751 | +108.9% |
| Trade receivables | 40 | €706,601 | €1,038,386 | +€331,785 | +47.0% |
| Other amounts receivable | 41 | €29,782 | €499,749 | +€469,967 | +1578.0% |
| Cash at bank and in hand | 54/58 | €467,367 | €146,692 | -€320,675 | -68.6% |
| Total equity and liabilities | 10/49 | €3,021,396 | €3,928,616 | +€907,221 | +30.0% |
| Equity | 10/15 | €1,458,480 | €1,524,141 | +€65,661 | +4.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €77,688 | €77,688 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €71,491 | €71,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,318,819 | €1,384,480 | +€65,661 | +5.0% |
| Amounts payable | 17/49 | €1,562,915 | €2,404,475 | +€841,560 | +53.8% |
| Amounts payable after more than one year | 17 | €896,637 | €1,361,399 | +€464,762 | +51.8% |
| Financial debts | 170/4 | €896,637 | €1,361,399 | +€464,762 | +51.8% |
| Amounts payable within one year | 42/48 | €666,278 | €1,043,077 | +€376,798 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €138,267 | €140,430 | +€2,163 | +1.6% |
| Trade debts | 44 | €478,439 | €855,959 | +€377,520 | +78.9% |
| Suppliers | 440/4 | €478,439 | €855,959 | +€377,520 | +78.9% |
| Taxes, remuneration and social security | 45 | €49,573 | €46,688 | -€2,885 | -5.8% |
| Remuneration and social security | 454/9 | €49,573 | €46,688 | -€2,885 | -5.8% |
| Remuneration, social security and pensions | 62 | €225,953 | €234,023 | +€8,070 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,214 | €177,158 | -€9,056 | -4.9% |
| Other operating charges | 640/8 | €3,875 | €1,410 | -€2,465 | -63.6% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Gross operating margin | 9900 | €571,513 | €554,042 | -€17,471 | -3.1% |
| Operating profit (loss) | 9901 | €155,471 | €141,451 | -€14,020 | -9.0% |
| Financial income | 75/76B | - | €978 | +€978 | |
| Recurring financial income | 75 | - | €978 | +€978 | |
| Financial charges | 65/66B | €28,596 | €29,854 | +€1,258 | +4.4% |
| Recurring financial charges | 65 | €28,596 | €27,354 | -€1,242 | -4.3% |
| Non-recurring financial charges | 66B | - | €2,500 | +€2,500 | |
| Profit (loss) for the period before taxes | 9903 | €126,875 | €112,576 | -€14,299 | -11.3% |
| Income taxes | 67/77 | €10,521 | €33,869 | +€23,347 | +221.9% |
| Profit (loss) for the period | 9904 | €116,353 | €78,707 | -€37,647 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €116,353 | €78,707 | -€37,647 | -32.4% |
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 8 October 2026 via checked.be.