Tiseko: 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.
Tiseko
Largest movements
- Receivables within one year +€17,417
up €17,417 (+56.7%), from €30,704 to €48,121
- Tangible fixed assets +€15,160
up €15,160 (+139%), from €10,925 to €26,085
of which Plant, machinery and equipment: +€15,289
- Stocks and contracts -€1,663
down €1,663 (-11.6%), from €14,335 to €12,672
- Trade debts +€25,019
up €25,019 (+74.4%), from €33,627 to €58,645
- Debts after one year +€5,610
up €5,610 (+54.0%), from €10,380 to €15,989
- Profit (loss) carried forward -€3,513
down €3,513 (-43.2%), from -€8,130 to -€11,643
- Current portion of long-term debt +€3,080
up €3,080 (+101%), from €3,049 to €6,129
- Other debts +€2,377
up €2,377 (+106%), from €2,240 to €4,617
- Gross operating margin +€9,001
up €9,001 (+367%), from €2,450 to €11,451
- Depreciation +€3,552
up €3,552 (+98.2%), from €3,616 to €7,167
- Financial charges +€1,999
up €1,999 (+100%), from €1,997 to €3,996
- Other operating charges +€1,212
up €1,212 (+101%), from €1,197 to €2,409
- Financial income -€167
down €167 (-45.6%), from €366 to €199
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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,345 | €89,113 | +€31,768 | +55.4% |
| Fixed assets | 21/28 | €11,771 | €26,931 | +€15,160 | +129% |
| Tangible fixed assets | 22/27 | €10,925 | €26,085 | +€15,160 | +139% |
| Plant, machinery and equipment | 23 | €8,572 | €23,861 | +€15,289 | +178% |
| Furniture and vehicles | 24 | €462 | €1,020 | +€558 | +121% |
| Other tangible fixed assets | 26 | €1,892 | €1,204 | -€688 | -36.4% |
| Financial fixed assets | 28 | €846 | €846 | = | 0.0% |
| Current assets | 29/58 | €45,574 | €62,182 | +€16,608 | +36.4% |
| Stocks and contracts in progress | 3 | €14,335 | €12,672 | -€1,663 | -11.6% |
| Stocks | 30/36 | €14,335 | €12,672 | -€1,663 | -11.6% |
| Amounts receivable within one year | 40/41 | €30,704 | €48,121 | +€17,417 | +56.7% |
| Trade receivables | 40 | €30,704 | €48,121 | +€17,417 | +56.7% |
| Cash at bank and in hand | 54/58 | €469 | €1,276 | +€807 | +172% |
| Deferred charges and accrued income | 490/1 | €66 | €114 | +€47 | +71.5% |
| Total equity and liabilities | 10/49 | €57,345 | €89,113 | +€31,768 | +55.4% |
| Equity | 10/15 | €70 | -€3,443 | -€3,513 | |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,130 | -€11,643 | -€3,513 | -43.2% |
| Amounts payable | 17/49 | €57,275 | €92,556 | +€35,280 | +61.6% |
| Amounts payable after more than one year | 17 | €10,380 | €15,989 | +€5,610 | +54.0% |
| Financial debts | 170/4 | €10,380 | €15,989 | +€5,610 | +54.0% |
| Amounts payable within one year | 42/48 | €45,308 | €74,782 | +€29,474 | +65.1% |
| Current portion of amounts payable after more than one year | 42 | €3,049 | €6,129 | +€3,080 | +101% |
| Financial debts | 43 | €2,533 | €1,259 | -€1,274 | -50.3% |
| Credit institutions | 430/8 | €2,533 | €1,259 | -€1,274 | -50.3% |
| Trade debts | 44 | €33,627 | €58,645 | +€25,019 | +74.4% |
| Suppliers | 440/4 | €33,627 | €58,645 | +€25,019 | +74.4% |
| Taxes, remuneration and social security | 45 | €3,860 | €4,131 | +€272 | +7.0% |
| Taxes | 450/3 | €3,860 | €4,131 | +€272 | +7.0% |
| Other amounts payable | 47/48 | €2,240 | €4,617 | +€2,377 | +106% |
| Accrued charges and deferred income | 492/3 | €1,588 | €1,785 | +€197 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,616 | €7,167 | +€3,552 | +98.2% |
| Other operating charges | 640/8 | €1,197 | €2,409 | +€1,212 | +101% |
| Non-recurring operating charges | 66A | - | €1,591 | +€1,591 | |
| Gross operating margin | 9900 | €2,450 | €11,451 | +€9,001 | +367% |
| Operating profit (loss) | 9901 | -€2,363 | €285 | +€2,647 | |
| Financial income | 75/76B | €366 | €199 | -€167 | -45.6% |
| Recurring financial income | 75 | €366 | €199 | -€167 | -45.6% |
| Financial charges | 65/66B | €1,997 | €3,996 | +€1,999 | +100% |
| Recurring financial charges | 65 | €1,997 | €3,996 | +€1,999 | +100% |
| Profit (loss) for the period before taxes | 9903 | -€3,994 | -€3,513 | +€481 | +12.0% |
| Profit (loss) for the period | 9904 | -€3,994 | -€3,513 | +€481 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,994 | -€3,513 | +€481 | +12.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.