TESYS: 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.
TESYS
Largest movements
- Deferred charges and accrued income +€15,734
up €15,734 (+9851.2%), from €160 to €15,894
- Receivables within one year +€15,231
up €15,231 (+153.7%), from €9,907 to €25,138
- Cash -€4,915
down €4,915 (-7.6%), from €64,858 to €59,942
mainly Other debts (-€27,761) and Deferred charges and accrued income (-€15,734)
- Tangible fixed assets -€4,280
down €4,280 (-26.4%), from €16,205 to €11,924
- Financial fixed assets +€1,250
new in 2025: €1,250
- Profit (loss) carried forward +€52,371
up €52,371 (+122.8%), from €42,645 to €95,015
- Other debts -€27,761
no longer reported in 2025 (was €27,761)
- Tax, wage and social debts -€3,056
down €3,056 (-16.3%), from €18,723 to €15,667
- Trade debts +€1,466
new in 2025: €1,466
- Gross operating margin +€13,611
up €13,611 (+21.8%), from €62,449 to €76,061
- Taxes +€3,127
up €3,127 (+25.9%), from €12,073 to €15,200
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 | €91,129 | €114,148 | +€23,019 | +25.3% |
| Fixed assets | 21/28 | €16,205 | €13,174 | -€3,030 | -18.7% |
| Tangible fixed assets | 22/27 | €16,205 | €11,924 | -€4,280 | -26.4% |
| Furniture and vehicles | 24 | €16,205 | €11,924 | -€4,280 | -26.4% |
| Financial fixed assets | 28 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €74,924 | €100,974 | +€26,050 | +34.8% |
| Amounts receivable within one year | 40/41 | €9,907 | €25,138 | +€15,231 | +153.7% |
| Trade receivables | 40 | €9,907 | €25,138 | +€15,231 | +153.7% |
| Cash at bank and in hand | 54/58 | €64,858 | €59,942 | -€4,915 | -7.6% |
| Deferred charges and accrued income | 490/1 | €160 | €15,894 | +€15,734 | +9851.2% |
| Total equity and liabilities | 10/49 | €91,129 | €114,148 | +€23,019 | +25.3% |
| Equity | 10/15 | €44,645 | €97,015 | +€52,371 | +117.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,645 | €95,015 | +€52,371 | +122.8% |
| Amounts payable | 17/49 | €46,484 | €17,133 | -€29,351 | -63.1% |
| Amounts payable within one year | 42/48 | €46,484 | €17,133 | -€29,351 | -63.1% |
| Trade debts | 44 | - | €1,466 | +€1,466 | |
| Suppliers | 440/4 | - | €1,466 | +€1,466 | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €18,723 | €15,667 | -€3,056 | -16.3% |
| Taxes | 450/3 | €18,723 | €15,667 | -€3,056 | -16.3% |
| Other amounts payable | 47/48 | €27,761 | - | -€27,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,903 | €7,279 | +€376 | +5.4% |
| Other operating charges | 640/8 | €828 | €1,015 | +€187 | +22.5% |
| Gross operating margin | 9900 | €62,449 | €76,061 | +€13,611 | +21.8% |
| Operating profit (loss) | 9901 | €54,718 | €67,767 | +€13,049 | +23.8% |
| Financial charges | 65/66B | - | €196 | +€196 | |
| Recurring financial charges | 65 | - | €196 | +€196 | |
| Profit (loss) for the period before taxes | 9903 | €54,718 | €67,571 | +€12,853 | +23.5% |
| Income taxes | 67/77 | €12,073 | €15,200 | +€3,127 | +25.9% |
| Profit (loss) for the period | 9904 | €42,645 | €52,371 | +€9,726 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,645 | €52,371 | +€9,726 | +22.8% |
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 30 September 2026 via checked.be.