TISQWALL: 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.
TISQWALL
Largest movements
- Cash +€23,993
up €23,993 (+7.0%), from €342,197 to €366,190
mainly Net result for the year (+€195,655) and Tax, wage and social debts (+€55,186)
- Tangible fixed assets -€10,279
down €10,279 (-3.1%), from €333,113 to €322,834
of which Land and buildings: -€14,194
- Receivables within one year -€7,817
down €7,817 (-75.3%), from €10,383 to €2,566
of which Trade receivables: -€6,718
- Tax, wage and social debts +€55,186
up €55,186 (+115.3%), from €47,877 to €103,063
of which Taxes: +€57,566
- Debts after one year -€23,096
down €23,096 (-11.1%), from €207,677 to €184,581
- Trade debts -€15,522
down €15,522 (-67.1%), from €23,137 to €7,615
- Gross operating margin -€17,657
down €17,657 (-3.5%), from €511,450 to €493,793
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 | €701,498 | €708,740 | +€7,242 | +1.0% |
| Fixed assets | 21/28 | €333,791 | €323,513 | -€10,278 | -3.1% |
| Tangible fixed assets | 22/27 | €333,113 | €322,834 | -€10,279 | -3.1% |
| Land and buildings | 22 | €264,833 | €250,639 | -€14,194 | -5.4% |
| Plant, machinery and equipment | 23 | €12,021 | €22,035 | +€10,014 | +83.3% |
| Furniture and vehicles | 24 | €2,760 | €1,636 | -€1,124 | -40.7% |
| Other tangible fixed assets | 26 | €53,499 | €48,525 | -€4,974 | -9.3% |
| Financial fixed assets | 28 | €678 | €678 | +€0 | +0.1% |
| Current assets | 29/58 | €367,707 | €385,227 | +€17,520 | +4.8% |
| Stocks and contracts in progress | 3 | €15,127 | €16,281 | +€1,154 | +7.6% |
| Stocks | 30/36 | €15,127 | €16,281 | +€1,154 | +7.6% |
| Amounts receivable within one year | 40/41 | €10,383 | €2,566 | -€7,817 | -75.3% |
| Trade receivables | 40 | €6,718 | - | -€6,718 | |
| Other amounts receivable | 41 | €3,665 | €2,566 | -€1,099 | -30.0% |
| Cash at bank and in hand | 54/58 | €342,197 | €366,190 | +€23,993 | +7.0% |
| Deferred charges and accrued income | 490/1 | - | €190 | +€190 | |
| Total equity and liabilities | 10/49 | €701,498 | €708,740 | +€7,242 | +1.0% |
| Equity | 10/15 | €253,981 | €249,636 | -€4,345 | -1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,981 | €227,636 | -€4,345 | -1.9% |
| Amounts payable | 17/49 | €447,517 | €459,104 | +€11,587 | +2.6% |
| Amounts payable after more than one year | 17 | €207,677 | €184,581 | -€23,096 | -11.1% |
| Financial debts | 170/4 | €207,677 | €184,581 | -€23,096 | -11.1% |
| Amounts payable within one year | 42/48 | €239,840 | €274,523 | +€34,683 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €23,752 | €23,096 | -€656 | -2.8% |
| Trade debts | 44 | €23,137 | €7,615 | -€15,522 | -67.1% |
| Suppliers | 440/4 | €23,137 | €7,615 | -€15,522 | -67.1% |
| Taxes, remuneration and social security | 45 | €47,877 | €103,063 | +€55,186 | +115.3% |
| Taxes | 450/3 | €30,299 | €87,865 | +€57,566 | +190.0% |
| Remuneration and social security | 454/9 | €17,578 | €15,198 | -€2,380 | -13.5% |
| Other amounts payable | 47/48 | €145,074 | €140,749 | -€4,325 | -3.0% |
| Remuneration, social security and pensions | 62 | €196,590 | €196,196 | -€394 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,298 | €30,865 | +€2,567 | +9.1% |
| Other operating charges | 640/8 | €2,614 | €2,694 | +€80 | +3.1% |
| Gross operating margin | 9900 | €511,450 | €493,793 | -€17,657 | -3.5% |
| Operating profit (loss) | 9901 | €283,948 | €264,039 | -€19,909 | -7.0% |
| Financial income | 75/76B | - | €172 | +€172 | |
| Recurring financial income | 75 | - | €172 | +€172 | |
| Financial charges | 65/66B | €11,382 | €9,758 | -€1,624 | -14.3% |
| Recurring financial charges | 65 | €11,382 | €9,758 | -€1,624 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €272,566 | €254,453 | -€18,113 | -6.6% |
| Income taxes | 67/77 | €63,636 | €58,798 | -€4,838 | -7.6% |
| Profit (loss) for the period | 9904 | €208,930 | €195,655 | -€13,275 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €208,930 | €195,655 | -€13,275 | -6.4% |
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 7 October 2026 via checked.be.