Tisea: 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.
Tisea
Largest movements
- Receivables within one year +€31,228
up €31,228 (+18.8%), from €166,475 to €197,703
of which Trade receivables: +€59,276
- Cash -€17,936
down €17,936 (-30.8%), from €58,312 to €40,377
mainly Debts after one year (-€54,236) and Other debts (-€42,412)
- Deferred charges and accrued income -€13,988
down €13,988 (-60.4%), from €23,165 to €9,177
- Tangible fixed assets -€6,444
down €6,444 (-43.0%), from €14,981 to €8,537
of which Furniture and vehicles: -€8,951
- Debts after one year -€54,236
no longer reported in 2024 (was €54,236)
- Current portion of long-term debt +€47,269
up €47,269 (+678.4%), from €6,967 to €54,236
- Other debts -€42,412
down €42,412 (-94.2%), from €45,000 to €2,588
- Profit (loss) carried forward +€17,142
up €17,142 (+28.2%), from €60,759 to €77,901
- Tax, wage and social debts +€15,638
up €15,638 (+38.4%), from €40,733 to €56,371
of which Taxes: +€17,585
- Taxes +€22,062
up €22,062, from -€7,013 to €15,049
- Gross operating margin -€18,181
down €18,181 (-9.8%), from €186,057 to €167,875
- Staff costs +€4,362
up €4,362 (+3.8%), from €113,683 to €118,045
- Financial charges +€4,159
up €4,159 (+234.7%), from €1,772 to €5,930
- Depreciation -€3,082
down €3,082 (-23.1%), from €13,341 to €10,259
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,433 | €258,293 | -€7,140 | -2.7% |
| Fixed assets | 21/28 | €17,481 | €11,037 | -€6,444 | -36.9% |
| Tangible fixed assets | 22/27 | €14,981 | €8,537 | -€6,444 | -43.0% |
| Plant, machinery and equipment | 23 | €402 | €2,909 | +€2,507 | +623.2% |
| Furniture and vehicles | 24 | €14,579 | €5,628 | -€8,951 | -61.4% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €247,952 | €247,256 | -€696 | -0.3% |
| Amounts receivable within one year | 40/41 | €166,475 | €197,703 | +€31,228 | +18.8% |
| Trade receivables | 40 | €138,427 | €197,703 | +€59,276 | +42.8% |
| Other amounts receivable | 41 | €28,048 | - | -€28,048 | |
| Cash at bank and in hand | 54/58 | €58,312 | €40,377 | -€17,936 | -30.8% |
| Deferred charges and accrued income | 490/1 | €23,165 | €9,177 | -€13,988 | -60.4% |
| Total equity and liabilities | 10/49 | €265,433 | €258,293 | -€7,140 | -2.7% |
| Equity | 10/15 | €104,759 | €121,901 | +€17,142 | +16.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,759 | €77,901 | +€17,142 | +28.2% |
| Amounts payable | 17/49 | €160,673 | €136,392 | -€24,282 | -15.1% |
| Amounts payable after more than one year | 17 | €54,236 | - | -€54,236 | |
| Financial debts | 170/4 | €54,236 | - | -€54,236 | |
| Amounts payable within one year | 42/48 | €104,217 | €135,800 | +€31,583 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €6,967 | €54,236 | +€47,269 | +678.4% |
| Trade debts | 44 | €11,517 | €22,605 | +€11,088 | +96.3% |
| Suppliers | 440/4 | €11,517 | €22,605 | +€11,088 | +96.3% |
| Taxes, remuneration and social security | 45 | €40,733 | €56,371 | +€15,638 | +38.4% |
| Taxes | 450/3 | €20,475 | €38,061 | +€17,585 | +85.9% |
| Remuneration and social security | 454/9 | €20,257 | €18,310 | -€1,947 | -9.6% |
| Other amounts payable | 47/48 | €45,000 | €2,588 | -€42,412 | -94.2% |
| Accrued charges and deferred income | 492/3 | €2,220 | €591 | -€1,629 | -73.4% |
| Remuneration, social security and pensions | 62 | €113,683 | €118,045 | +€4,362 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,341 | €10,259 | -€3,082 | -23.1% |
| Other operating charges | 640/8 | €973 | €1,452 | +€479 | +49.3% |
| Gross operating margin | 9900 | €186,057 | €167,875 | -€18,181 | -9.8% |
| Operating profit (loss) | 9901 | €58,060 | €38,119 | -€19,941 | -34.3% |
| Financial income | 75/76B | €1,404 | €2 | -€1,403 | -99.9% |
| Recurring financial income | 75 | €1,404 | €2 | -€1,403 | -99.9% |
| Financial charges | 65/66B | €1,772 | €5,930 | +€4,159 | +234.7% |
| Recurring financial charges | 65 | €1,772 | €5,930 | +€4,159 | +234.7% |
| Profit (loss) for the period before taxes | 9903 | €57,693 | €32,191 | -€25,502 | -44.2% |
| Income taxes | 67/77 | -€7,013 | €15,049 | +€22,062 | |
| Profit (loss) for the period | 9904 | €64,706 | €17,142 | -€47,564 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,706 | €17,142 | -€47,564 | -73.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.