TEZEL CONSTRUCT: 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.
TEZEL CONSTRUCT
Largest movements
- Receivables within one year +€2,557
up €2,557 (+16.7%), from €15,354 to €17,911
of which Trade receivables: +€3,051
- Deferred charges and accrued income +€1,500
up €1,500 (+23.1%), from €6,500 to €8,000
- Trade debts +€5,514
up €5,514 (+604.9%), from €912 to €6,425
- Tax, wage and social debts -€1,413
down €1,413 (-19.1%), from €7,412 to €5,999
- Gross operating margin -€20,054
down €20,054, from €18,411 to -€1,643
- Taxes -€6,958
down €6,958 (-100.0%), from €6,958 to €0
- Other operating charges -€1,002
down €1,002 (-71.5%), from €1,402 to €400
- Financial income +€255
up €255 (+13.9%), from €1,843 to €2,098
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 | €81,866 | €85,911 | +€4,045 | +4.9% |
| Current assets | 29/58 | €81,866 | €85,911 | +€4,045 | +4.9% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,354 | €17,911 | +€2,557 | +16.7% |
| Trade receivables | 40 | - | €3,051 | +€3,051 | |
| Other amounts receivable | 41 | €15,354 | €14,860 | -€494 | -3.2% |
| Cash at bank and in hand | 54/58 | €12 | €0 | -€12 | -100.0% |
| Deferred charges and accrued income | 490/1 | €6,500 | €8,000 | +€1,500 | +23.1% |
| Total equity and liabilities | 10/49 | €81,866 | €85,911 | +€4,045 | +4.9% |
| Equity | 10/15 | €73,150 | €73,085 | -€65 | -0.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €29,690 | €29,690 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,949 | €1,949 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,949 | €1,949 | = | 0.0% |
| Distributable reserves | 133 | €27,741 | €27,741 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,460 | €24,395 | -€65 | -0.3% |
| Amounts payable | 17/49 | €8,716 | €12,826 | +€4,110 | +47.1% |
| Amounts payable within one year | 42/48 | €8,323 | €12,433 | +€4,110 | +49.4% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Trade debts | 44 | €912 | €6,425 | +€5,514 | +604.9% |
| Suppliers | 440/4 | €912 | €6,425 | +€5,514 | +604.9% |
| Taxes, remuneration and social security | 45 | €7,412 | €5,999 | -€1,413 | -19.1% |
| Taxes | 450/3 | €7,412 | €5,999 | -€1,413 | -19.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €393 | €393 | = | 0.0% |
| Non-recurring operating income | 76A | €474 | €0 | -€474 | -100.0% |
| Other operating charges | 640/8 | €1,402 | €400 | -€1,002 | -71.5% |
| Gross operating margin | 9900 | €18,411 | -€1,643 | -€20,054 | |
| Operating profit (loss) | 9901 | €17,009 | -€2,043 | -€19,052 | |
| Financial income | 75/76B | €1,843 | €2,098 | +€255 | +13.9% |
| Recurring financial income | 75 | €1,843 | €2,098 | +€255 | +13.9% |
| Financial charges | 65/66B | €139 | €120 | -€19 | -13.4% |
| Recurring financial charges | 65 | €139 | €120 | -€19 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €18,713 | -€65 | -€18,778 | |
| Income taxes | 67/77 | €6,958 | €0 | -€6,958 | -100.0% |
| Profit (loss) for the period | 9904 | €11,755 | -€65 | -€11,820 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,755 | -€65 | -€11,820 |
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 29 September 2026 via checked.be.