TISSA: 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.
TISSA
Largest movements
- Cash -€21,467
down €21,467 (-68.8%), from €31,209 to €9,742
mainly Debts after one year (-€95,440) and Investment in fixed assets (net) (-€1,675)
- Stocks and contracts -€9,538
down €9,538 (-22.3%), from €42,757 to €33,219
- Tangible fixed assets -€8,104
down €8,104 (-26.5%), from €30,636 to €22,532
of which Furniture and vehicles: -€8,028
- Receivables within one year +€1,451
up €1,451 (+10.0%), from €14,546 to €15,997
- Debts after one year -€95,440
down €95,440 (-68.5%), from €139,391 to €43,951
- Profit (loss) carried forward +€50,950
up €50,950 (+34.7%), from -€146,922 to -€95,971
- Other debts +€5,718
up €5,718 (+92.9%), from €6,156 to €11,874
- Tax, wage and social debts +€3,178
up €3,178 (+98.6%), from €3,224 to €6,403
- Gross operating margin +€44,793
up €44,793 (+167%), from €26,820 to €71,613
- Write-downs -€3,000
no longer reported in 2025 (was €3,000)
- Other operating charges +€1,518
up €1,518 (+745%), from €204 to €1,721
- Depreciation +€769
up €769 (+8.5%), from €9,010 to €9,779
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 | €121,300 | €84,275 | -€37,025 | -30.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €32,671 | €24,567 | -€8,104 | -24.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €30,636 | €22,532 | -€8,104 | -26.5% |
| Plant, machinery and equipment | 23 | €759 | €683 | -€76 | -10.0% |
| Furniture and vehicles | 24 | €29,878 | €21,850 | -€8,028 | -26.9% |
| Financial fixed assets | 28 | €2,035 | €2,035 | = | 0.0% |
| Current assets | 29/58 | €88,629 | €59,708 | -€28,921 | -32.6% |
| Stocks and contracts in progress | 3 | €42,757 | €33,219 | -€9,538 | -22.3% |
| Stocks | 30/36 | €42,757 | €33,219 | -€9,538 | -22.3% |
| Amounts receivable within one year | 40/41 | €14,546 | €15,997 | +€1,451 | +10.0% |
| Trade receivables | 40 | €14,546 | €15,997 | +€1,451 | +10.0% |
| Cash at bank and in hand | 54/58 | €31,209 | €9,742 | -€21,467 | -68.8% |
| Deferred charges and accrued income | 490/1 | €117 | €750 | +€633 | +540% |
| Total equity and liabilities | 10/49 | €121,300 | €84,275 | -€37,025 | -30.5% |
| Equity | 10/15 | -€39,770 | €11,181 | +€50,950 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,552 | €88,552 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €86,692 | €86,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,922 | -€95,971 | +€50,950 | +34.7% |
| Amounts payable | 17/49 | €161,069 | €73,094 | -€87,975 | -54.6% |
| Amounts payable after more than one year | 17 | €139,391 | €43,951 | -€95,440 | -68.5% |
| Financial debts | 170/4 | €139,391 | €43,951 | -€95,440 | -68.5% |
| Amounts payable within one year | 42/48 | €17,587 | €25,866 | +€8,279 | +47.1% |
| Current portion of amounts payable after more than one year | 42 | €6,713 | €6,990 | +€277 | +4.1% |
| Trade debts | 44 | €1,494 | €600 | -€894 | -59.8% |
| Suppliers | 440/4 | €1,494 | €600 | -€894 | -59.8% |
| Taxes, remuneration and social security | 45 | €3,224 | €6,403 | +€3,178 | +98.6% |
| Taxes | 450/3 | €3,224 | €6,403 | +€3,178 | +98.6% |
| Other amounts payable | 47/48 | €6,156 | €11,874 | +€5,718 | +92.9% |
| Accrued charges and deferred income | 492/3 | €4,092 | €3,277 | -€814 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,010 | €9,779 | +€769 | +8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,000 | - | -€3,000 | |
| Other operating charges | 640/8 | €204 | €1,721 | +€1,518 | +745% |
| Non-recurring operating charges | 66A | - | €3,260 | +€3,260 | |
| Gross operating margin | 9900 | €26,820 | €71,613 | +€44,793 | +167% |
| Operating profit (loss) | 9901 | €14,607 | €56,853 | +€42,247 | +289% |
| Financial income | 75/76B | €103 | €76 | -€27 | -26.6% |
| Recurring financial income | 75 | €103 | €76 | -€27 | -26.6% |
| Financial charges | 65/66B | €6,208 | €5,840 | -€367 | -5.9% |
| Recurring financial charges | 65 | €6,208 | €5,840 | -€367 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €8,502 | €51,089 | +€42,587 | +501% |
| Income taxes | 67/77 | €180 | €138 | -€42 | -23.1% |
| Profit (loss) for the period | 9904 | €8,322 | €50,950 | +€42,628 | +512% |
| Profit (loss) for the period to be appropriated | 9905 | €8,322 | €50,950 | +€42,628 | +512% |
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 25 October 2026 via checked.be.