TEZAMEN: 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.
TEZAMEN
Largest movements
- Receivables within one year -€49,368
down €49,368 (-3.8%), from €1.3m to €1.2m
of which Other amounts receivable: -€50,680
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€29,798
down €29,798, from €21,372 to -€8,426
- Other operating charges -€28,870
down €28,870 (-94.6%), from €30,510 to €1,640
- Taxes +€270
up €270 (+108%), from €250 to €520
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 | €3,560,528 | €3,535,090 | -€25,438 | -0.7% |
| Fixed assets | 21/28 | €2,221,210 | €2,220,010 | -€1,200 | -0.1% |
| Tangible fixed assets | 22/27 | €2,210 | €1,010 | -€1,200 | -54.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,210 | €1,010 | -€1,200 | -54.3% |
| Financial fixed assets | 28 | €2,219,000 | €2,219,000 | = | 0.0% |
| Current assets | 29/58 | €1,339,318 | €1,315,079 | -€24,239 | -1.8% |
| Amounts receivable within one year | 40/41 | €1,294,056 | €1,244,688 | -€49,368 | -3.8% |
| Trade receivables | 40 | €17,732 | €19,044 | +€1,312 | +7.4% |
| Other amounts receivable | 41 | €1,276,324 | €1,225,643 | -€50,680 | -4.0% |
| Cash at bank and in hand | 54/58 | €45,262 | €70,392 | +€25,129 | +55.5% |
| Total equity and liabilities | 10/49 | €3,560,528 | €3,535,090 | -€25,438 | -0.7% |
| Equity | 10/15 | €1,927,426 | €1,915,399 | -€12,026 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,906,966 | €1,894,939 | -€12,026 | -0.6% |
| Amounts payable | 17/49 | €1,633,102 | €1,619,690 | -€13,412 | -0.8% |
| Amounts payable within one year | 42/48 | €1,633,102 | €1,619,690 | -€13,412 | -0.8% |
| Trade debts | 44 | €2,292 | €7,185 | +€4,893 | +213% |
| Suppliers | 440/4 | €2,292 | €7,185 | +€4,893 | +213% |
| Taxes, remuneration and social security | 45 | €16,523 | €3,502 | -€13,021 | -78.8% |
| Taxes | 450/3 | €16,523 | €3,502 | -€13,021 | -78.8% |
| Other amounts payable | 47/48 | €1,614,287 | €1,609,003 | -€5,284 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200 | €1,200 | = | 0.0% |
| Other operating charges | 640/8 | €30,510 | €1,640 | -€28,870 | -94.6% |
| Gross operating margin | 9900 | €21,372 | -€8,426 | -€29,798 | |
| Operating profit (loss) | 9901 | -€10,338 | -€11,266 | -€928 | -9.0% |
| Financial charges | 65/66B | €323 | €241 | -€82 | -25.5% |
| Recurring financial charges | 65 | €323 | €241 | -€82 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,661 | -€11,507 | -€846 | -7.9% |
| Income taxes | 67/77 | €250 | €520 | +€270 | +108% |
| Profit (loss) for the period | 9904 | -€10,911 | -€12,026 | -€1,116 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,911 | -€12,026 | -€1,116 | -10.2% |
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 18 October 2026 via checked.be.