TESSTO: 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.
TESSTO
Largest movements
- Receivables within one year +€196,567
up €196,567 (+209.5%), from €93,834 to €290,401
of which Other amounts receivable: +€187,955
- Stocks and contracts +€111,407
up €111,407 (+7.8%), from €1.4m to €1.5m
- Tangible fixed assets -€104,705
down €104,705 (-27.7%), from €378,615 to €273,910
of which Furniture and vehicles: -€67,464
- Reserves +€177,500
up €177,500 (+80.8%), from €219,672 to €397,171
of which Distributable reserves: +€177,500
- Other debts -€126,867
down €126,867 (-72.9%), from €173,999 to €47,131
- Trade debts +€109,955
up €109,955 (+939.9%), from €11,698 to €121,653
- Debts after one year -€83,228
down €83,228 (-7.8%), from €1.1m to €979,046
- Advances received +€53,486
up €53,486, from €0 to €53,486
- Gross operating margin +€26,514
up €26,514 (+9.1%), from €291,762 to €318,276
- Taxes -€21,659
down €21,659 (-54.5%), from €39,710 to €18,051
- Financial charges +€17,851
up €17,851 (+36.0%), from €49,653 to €67,504
- Financial income +€15,584
up €15,584 (+1090.1%), from €1,430 to €17,014
- Depreciation -€12,375
down €12,375 (-17.4%), from €71,095 to €58,720
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 | €1,925,429 | €2,113,143 | +€187,714 | +9.7% |
| Fixed assets | 21/28 | €378,615 | €273,910 | -€104,705 | -27.7% |
| Tangible fixed assets | 22/27 | €378,615 | €273,910 | -€104,705 | -27.7% |
| Land and buildings | 22 | €206,369 | €200,967 | -€5,402 | -2.6% |
| Plant, machinery and equipment | 23 | €24,269 | €14,270 | -€9,998 | -41.2% |
| Furniture and vehicles | 24 | €95,768 | €28,303 | -€67,464 | -70.4% |
| Leasing and similar rights | 25 | €52,209 | €30,369 | -€21,840 | -41.8% |
| Current assets | 29/58 | €1,546,815 | €1,839,233 | +€292,419 | +18.9% |
| Stocks and contracts in progress | 3 | €1,422,810 | €1,534,217 | +€111,407 | +7.8% |
| Stocks | 30/36 | €1,422,810 | €1,534,217 | +€111,407 | +7.8% |
| Amounts receivable within one year | 40/41 | €93,834 | €290,401 | +€196,567 | +209.5% |
| Trade receivables | 40 | €26,388 | €35,000 | +€8,612 | +32.6% |
| Other amounts receivable | 41 | €67,446 | €255,401 | +€187,955 | +278.7% |
| Current investments | 50/53 | €6,897 | €0 | -€6,897 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,477 | €10,676 | -€4,800 | -31.0% |
| Deferred charges and accrued income | 490/1 | €7,796 | €3,938 | -€3,858 | -49.5% |
| Total equity and liabilities | 10/49 | €1,925,429 | €2,113,143 | +€187,714 | +9.7% |
| Equity | 10/15 | €315,350 | €492,849 | +€177,500 | +56.3% |
| Contributions | 10/11 | €95,678 | €95,678 | = | 0.0% |
| Reserves | 13 | €219,672 | €397,171 | +€177,500 | +80.8% |
| Tax-exempt reserves | 132 | €11,755 | €11,755 | = | 0.0% |
| Distributable reserves | 133 | €207,916 | €385,416 | +€177,500 | +85.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,610,080 | €1,620,294 | +€10,214 | +0.6% |
| Amounts payable after more than one year | 17 | €1,062,274 | €979,046 | -€83,228 | -7.8% |
| Financial debts | 170/4 | €1,062,274 | €979,046 | -€83,228 | -7.8% |
| Amounts payable within one year | 42/48 | €547,806 | €641,248 | +€93,442 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €120,064 | €109,839 | -€10,224 | -8.5% |
| Financial debts | 43 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Credit institutions | 430/8 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Trade debts | 44 | €11,698 | €121,653 | +€109,955 | +939.9% |
| Suppliers | 440/4 | €11,698 | €121,653 | +€109,955 | +939.9% |
| Advances received on contracts in progress | 46 | €0 | €53,486 | +€53,486 | |
| Taxes, remuneration and social security | 45 | €42,045 | €59,138 | +€17,093 | +40.7% |
| Taxes | 450/3 | €42,045 | €59,138 | +€17,093 | +40.7% |
| Other amounts payable | 47/48 | €173,999 | €47,131 | -€126,867 | -72.9% |
| Non-recurring operating income | 76A | €413 | €83 | -€331 | -80.0% |
| Remuneration, social security and pensions | 62 | €0 | €276 | +€276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,095 | €58,720 | -€12,375 | -17.4% |
| Other operating charges | 640/8 | €4,941 | €10,578 | +€5,637 | +114.1% |
| Non-recurring operating charges | 66A | €3,170 | €2,661 | -€509 | -16.0% |
| Gross operating margin | 9900 | €291,762 | €318,276 | +€26,514 | +9.1% |
| Operating profit (loss) | 9901 | €212,556 | €246,041 | +€33,485 | +15.8% |
| Financial income | 75/76B | €1,430 | €17,014 | +€15,584 | +1090.1% |
| Recurring financial income | 75 | €1,430 | €17,014 | +€15,584 | +1090.1% |
| Financial charges | 65/66B | €49,653 | €67,504 | +€17,851 | +36.0% |
| Recurring financial charges | 65 | €49,653 | €67,504 | +€17,851 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €164,333 | €195,551 | +€31,218 | +19.0% |
| Income taxes | 67/77 | €39,710 | €18,051 | -€21,659 | -54.5% |
| Profit (loss) for the period | 9904 | €124,623 | €177,500 | +€52,877 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €124,623 | €177,500 | +€52,877 | +42.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.