TISDEMAX: 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.
TISDEMAX
Largest movements
- Cash +€3,944
up €3,944 (+49.9%), from €7,903 to €11,847
mainly Net result for the year (+€8,846) and Depreciation (+€3,750)
- Tangible fixed assets +€3,608
up €3,608 (+60.0%), from €6,013 to €9,621
of which Plant, machinery and equipment: +€4,292
- Intangible fixed assets -€2,750
down €2,750 (-12.7%), from €21,578 to €18,828
- Receivables within one year +€515
up €515 (+263%), from €196 to €711
- Reserves +€8,846
up €8,846 (+130%), from €6,829 to €15,676
- Other debts -€3,719
down €3,719 (-16.1%), from €23,165 to €19,446
- Gross operating margin +€7,203
up €7,203 (+52.2%), from €13,790 to €20,993
- Staff costs +€2,196
up €2,196 (+77.1%), from €2,846 to €5,042
- Taxes +€908
up €908 (+67.1%), from €1,353 to €2,262
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 | €38,552 | €44,255 | +€5,703 | +14.8% |
| Fixed assets | 21/28 | €27,591 | €28,449 | +€858 | +3.1% |
| Intangible fixed assets | 21 | €21,578 | €18,828 | -€2,750 | -12.7% |
| Tangible fixed assets | 22/27 | €6,013 | €9,621 | +€3,608 | +60.0% |
| Plant, machinery and equipment | 23 | €854 | €5,146 | +€4,292 | +503% |
| Furniture and vehicles | 24 | €1,528 | €1,320 | -€208 | -13.6% |
| Other tangible fixed assets | 26 | €3,631 | €3,155 | -€477 | -13.1% |
| Current assets | 29/58 | €10,961 | €15,806 | +€4,845 | +44.2% |
| Stocks and contracts in progress | 3 | €2,862 | €3,148 | +€286 | +10.0% |
| Stocks | 30/36 | €2,862 | €3,148 | +€286 | +10.0% |
| Amounts receivable within one year | 40/41 | €196 | €711 | +€515 | +263% |
| Other amounts receivable | 41 | €196 | €711 | +€515 | +263% |
| Cash at bank and in hand | 54/58 | €7,903 | €11,847 | +€3,944 | +49.9% |
| Deferred charges and accrued income | 490/1 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €38,552 | €44,255 | +€5,703 | +14.8% |
| Equity | 10/15 | €9,829 | €18,676 | +€8,846 | +90.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,829 | €15,676 | +€8,846 | +130% |
| Distributable reserves | 133 | €6,829 | €15,676 | +€8,846 | +130% |
| Amounts payable | 17/49 | €28,723 | €25,579 | -€3,144 | -10.9% |
| Amounts payable within one year | 42/48 | €28,723 | €25,579 | -€3,144 | -10.9% |
| Trade debts | 44 | €977 | €1,201 | +€224 | +22.9% |
| Suppliers | 440/4 | €977 | €1,201 | +€224 | +22.9% |
| Taxes, remuneration and social security | 45 | €4,580 | €4,933 | +€352 | +7.7% |
| Taxes | 450/3 | €4,145 | €4,659 | +€515 | +12.4% |
| Remuneration and social security | 454/9 | €436 | €273 | -€162 | -37.3% |
| Other amounts payable | 47/48 | €23,165 | €19,446 | -€3,719 | -16.1% |
| Remuneration, social security and pensions | 62 | €2,846 | €5,042 | +€2,196 | +77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,735 | €3,750 | +€15 | +0.4% |
| Other operating charges | 640/8 | €855 | €959 | +€104 | +12.1% |
| Gross operating margin | 9900 | €13,790 | €20,993 | +€7,203 | +52.2% |
| Operating profit (loss) | 9901 | €6,354 | €11,241 | +€4,888 | +76.9% |
| Financial income | 75/76B | €42 | €4 | -€38 | -90.6% |
| Recurring financial income | 75 | €42 | €4 | -€38 | -90.6% |
| Financial charges | 65/66B | €69 | €137 | +€69 | +100% |
| Recurring financial charges | 65 | €69 | €137 | +€69 | +100% |
| Profit (loss) for the period before taxes | 9903 | €6,327 | €11,108 | +€4,781 | +75.6% |
| Income taxes | 67/77 | €1,353 | €2,262 | +€908 | +67.1% |
| Profit (loss) for the period | 9904 | €4,974 | €8,846 | +€3,873 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,974 | €8,846 | +€3,873 | +77.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.