Tiserbo: 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.
Tiserbo
Largest movements
- Tangible fixed assets +€14,660
up €14,660 (+74.6%), from €19,642 to €34,302
- Receivables within one year +€6,195
up €6,195 (+69.1%), from €8,969 to €15,164
of which Other amounts receivable: +€6,092
- Deferred charges and accrued income +€1,382
up €1,382 (+112%), from €1,235 to €2,617
- Other debts +€55,310
up €55,310 (+85.7%), from €64,531 to €119,842
- Profit (loss) carried forward -€29,969
down €29,969 (-49.8%), from -€60,238 to -€90,208
- Trade debts -€2,692
down €2,692 (-54.1%), from €4,980 to €2,288
- Gross operating margin -€4,705
down €4,705 (-60.5%), from -€7,781 to -€12,486
- Depreciation +€2,764
up €2,764 (+20.8%), from €13,295 to €16,059
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 | €30,126 | €52,555 | +€22,429 | +74.5% |
| Fixed assets | 21/28 | €19,642 | €34,302 | +€14,660 | +74.6% |
| Tangible fixed assets | 22/27 | €19,642 | €34,302 | +€14,660 | +74.6% |
| Plant, machinery and equipment | 23 | €19,642 | €34,302 | +€14,660 | +74.6% |
| Current assets | 29/58 | €10,484 | €18,253 | +€7,769 | +74.1% |
| Amounts receivable within one year | 40/41 | €8,969 | €15,164 | +€6,195 | +69.1% |
| Trade receivables | 40 | €1,755 | €1,857 | +€103 | +5.9% |
| Other amounts receivable | 41 | €7,214 | €13,306 | +€6,092 | +84.4% |
| Cash at bank and in hand | 54/58 | €279 | €472 | +€193 | +69.1% |
| Deferred charges and accrued income | 490/1 | €1,235 | €2,617 | +€1,382 | +112% |
| Total equity and liabilities | 10/49 | €30,126 | €52,555 | +€22,429 | +74.5% |
| Equity | 10/15 | -€39,787 | -€69,757 | -€29,969 | -75.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,238 | -€90,208 | -€29,969 | -49.8% |
| Amounts payable | 17/49 | €69,913 | €122,312 | +€52,399 | +74.9% |
| Amounts payable within one year | 42/48 | €69,913 | €122,129 | +€52,216 | +74.7% |
| Trade debts | 44 | €4,980 | €2,288 | -€2,692 | -54.1% |
| Suppliers | 440/4 | €4,980 | €2,288 | -€2,692 | -54.1% |
| Taxes, remuneration and social security | 45 | €402 | - | -€402 | |
| Taxes | 450/3 | €402 | - | -€402 | |
| Other amounts payable | 47/48 | €64,531 | €119,842 | +€55,310 | +85.7% |
| Accrued charges and deferred income | 492/3 | - | €183 | +€183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,295 | €16,059 | +€2,764 | +20.8% |
| Other operating charges | 640/8 | €938 | €1,059 | +€121 | +12.9% |
| Gross operating margin | 9900 | -€7,781 | -€12,486 | -€4,705 | -60.5% |
| Operating profit (loss) | 9901 | -€22,014 | -€29,604 | -€7,590 | -34.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +283% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +283% |
| Financial charges | 65/66B | €269 | €196 | -€72 | -26.9% |
| Recurring financial charges | 65 | €269 | €196 | -€72 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,283 | -€29,800 | -€7,518 | -33.7% |
| Income taxes | 67/77 | €196 | €169 | -€27 | -13.7% |
| Profit (loss) for the period | 9904 | -€22,479 | -€29,969 | -€7,491 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,479 | -€29,969 | -€7,491 | -33.3% |
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 15 October 2026 via checked.be.