TESSTEEL: 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.
TESSTEEL
Largest movements
- Receivables within one year +€119,542
up €119,542 (+48.3%), from €247,532 to €367,073
of which Trade receivables: +€81,708
- Cash -€33,110
down €33,110 (-89.3%), from €37,066 to €3,957
mainly Receivables within one year (-€119,542) and Investment in fixed assets (net) (-€7,653)
- Stocks and contracts -€11,620
no longer reported in 2025 (was €11,620)
- Profit (loss) carried forward +€58,436
up €58,436 (+48.4%), from €120,745 to €179,181
- Tax, wage and social debts +€18,267
up €18,267 (+129%), from €14,203 to €32,470
of which Taxes: +€15,859
- Trade debts -€4,117
down €4,117 (-2.2%), from €187,082 to €182,965
of which Suppliers: -€15,700
- Gross operating margin +€56,487
up €56,487 (+42.4%), from €133,128 to €189,615
- Staff costs +€18,066
up €18,066 (+23.9%), from €75,711 to €93,777
- Taxes +€13,588
up €13,588 (+121%), from €11,270 to €24,859
- Depreciation +€2,976
up €2,976 (+52.2%), from €5,704 to €8,680
- Financial charges +€2,373
up €2,373 (+222%), from €1,068 to €3,441
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 | €324,030 | €396,616 | +€72,586 | +22.4% |
| Fixed assets | 21/28 | €26,614 | €25,586 | -€1,028 | -3.9% |
| Tangible fixed assets | 22/27 | €26,614 | €25,586 | -€1,028 | -3.9% |
| Plant, machinery and equipment | 23 | €21,487 | €22,621 | +€1,133 | +5.3% |
| Furniture and vehicles | 24 | €5,127 | €2,965 | -€2,161 | -42.2% |
| Current assets | 29/58 | €297,416 | €371,030 | +€73,614 | +24.8% |
| Stocks and contracts in progress | 3 | €11,620 | - | -€11,620 | |
| Stocks | 30/36 | €11,620 | - | -€11,620 | |
| Amounts receivable within one year | 40/41 | €247,532 | €367,073 | +€119,542 | +48.3% |
| Trade receivables | 40 | €186,482 | €268,190 | +€81,708 | +43.8% |
| Other amounts receivable | 41 | €61,050 | €98,883 | +€37,834 | +62.0% |
| Cash at bank and in hand | 54/58 | €37,066 | €3,957 | -€33,110 | -89.3% |
| Deferred charges and accrued income | 490/1 | €1,198 | - | -€1,198 | |
| Total equity and liabilities | 10/49 | €324,030 | €396,616 | +€72,586 | +22.4% |
| Equity | 10/15 | €122,745 | €181,181 | +€58,436 | +47.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,745 | €179,181 | +€58,436 | +48.4% |
| Amounts payable | 17/49 | €201,285 | €215,435 | +€14,150 | +7.0% |
| Amounts payable within one year | 42/48 | €201,285 | €215,435 | +€14,150 | +7.0% |
| Trade debts | 44 | €187,082 | €182,965 | -€4,117 | -2.2% |
| Suppliers | 440/4 | €187,082 | €171,382 | -€15,700 | -8.4% |
| Bills of exchange payable | 441 | - | €11,583 | +€11,583 | |
| Taxes, remuneration and social security | 45 | €14,203 | €32,470 | +€18,267 | +129% |
| Taxes | 450/3 | €10,270 | €26,129 | +€15,859 | +154% |
| Remuneration and social security | 454/9 | €3,933 | €6,341 | +€2,408 | +61.2% |
| Remuneration, social security and pensions | 62 | €75,711 | €93,777 | +€18,066 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,704 | €8,680 | +€2,976 | +52.2% |
| Other operating charges | 640/8 | €1,000 | €421 | -€579 | -57.9% |
| Gross operating margin | 9900 | €133,128 | €189,615 | +€56,487 | +42.4% |
| Operating profit (loss) | 9901 | €50,712 | €86,735 | +€36,023 | +71.0% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €1,068 | €3,441 | +€2,373 | +222% |
| Recurring financial charges | 65 | €1,068 | €3,441 | +€2,373 | +222% |
| Profit (loss) for the period before taxes | 9903 | €49,661 | €83,294 | +€33,634 | +67.7% |
| Income taxes | 67/77 | €11,270 | €24,859 | +€13,588 | +121% |
| Profit (loss) for the period | 9904 | €38,390 | €58,436 | +€20,046 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,390 | €58,436 | +€20,046 | +52.2% |
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 21 October 2026 via checked.be.