TISSER: 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.
TISSER
Largest movements
- Stocks and contracts +€44,560
up €44,560 (+15.2%), from €293,447 to €338,007
- Receivables within one year -€14,332
down €14,332 (-99.9%), from €14,352 to €20
of which Trade receivables: -€13,873
- Tangible fixed assets -€10,248
down €10,248 (-82.8%), from €12,381 to €2,133
of which Plant, machinery and equipment: -€8,814
- Cash -€6,531
down €6,531 (-31.8%), from €20,568 to €14,037
mainly Stocks and contracts (-€44,560) and Debts after one year (-€24,000)
- Profit (loss) carried forward +€67,521
up €67,521 (+9.6%), from -€703,618 to -€636,097
- Debts after one year -€24,000
down €24,000 (-35.4%), from €67,763 to €43,763
- Trade debts -€21,607
down €21,607 (-20.2%), from €106,981 to €85,374
- Current portion of long-term debt -€16,757
down €16,757 (-100.0%), from €16,757 to €0
- Tax, wage and social debts +€8,242
up €8,242 (+30.6%), from €26,957 to €35,199
of which Taxes: +€10,135
- Gross operating margin +€48,014
up €48,014 (+23.0%), from €208,885 to €256,900
- Staff costs -€41,649
down €41,649 (-22.7%), from €183,420 to €141,771
- Taxes +€22,434
up €22,434 (+438.8%), from €5,112 to €27,546
- Financial charges +€4,464
up €4,464 (+58.2%), from €7,663 to €12,127
of which Financial charges: +€5,568
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,121 | €360,719 | +€10,599 | +3.0% |
| Fixed assets | 21/28 | €12,781 | €2,533 | -€10,248 | -80.2% |
| Tangible fixed assets | 22/27 | €12,381 | €2,133 | -€10,248 | -82.8% |
| Plant, machinery and equipment | 23 | €9,728 | €914 | -€8,814 | -90.6% |
| Furniture and vehicles | 24 | €1,452 | €1,219 | -€233 | -16.1% |
| Other tangible fixed assets | 26 | €1,201 | €0 | -€1,201 | -100.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €337,340 | €358,187 | +€20,847 | +6.2% |
| Stocks and contracts in progress | 3 | €293,447 | €338,007 | +€44,560 | +15.2% |
| Stocks | 30/36 | €293,447 | €338,007 | +€44,560 | +15.2% |
| Amounts receivable within one year | 40/41 | €14,352 | €20 | -€14,332 | -99.9% |
| Trade receivables | 40 | €13,873 | €0 | -€13,873 | -100.0% |
| Other amounts receivable | 41 | €480 | €20 | -€459 | -95.8% |
| Cash at bank and in hand | 54/58 | €20,568 | €14,037 | -€6,531 | -31.8% |
| Deferred charges and accrued income | 490/1 | €8,972 | €6,122 | -€2,849 | -31.8% |
| Total equity and liabilities | 10/49 | €350,121 | €360,719 | +€10,599 | +3.0% |
| Equity | 10/15 | €16,181 | €83,702 | +€67,521 | +417.3% |
| Contributions | 10/11 | €663,500 | €663,500 | = | 0.0% |
| Reserves | 13 | €56,299 | €56,299 | = | 0.0% |
| Tax-exempt reserves | 132 | €523 | €523 | = | 0.0% |
| Distributable reserves | 133 | €55,776 | €55,776 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€703,618 | -€636,097 | +€67,521 | +9.6% |
| Amounts payable | 17/49 | €333,939 | €277,017 | -€56,922 | -17.0% |
| Amounts payable after more than one year | 17 | €67,763 | €43,763 | -€24,000 | -35.4% |
| Financial debts | 170/4 | €67,763 | €43,763 | -€24,000 | -35.4% |
| Amounts payable within one year | 42/48 | €266,176 | €228,683 | -€37,493 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €16,757 | €0 | -€16,757 | -100.0% |
| Financial debts | 43 | - | €631 | +€631 | |
| Credit institutions | 430/8 | - | €631 | +€631 | |
| Trade debts | 44 | €106,981 | €85,374 | -€21,607 | -20.2% |
| Suppliers | 440/4 | €106,981 | €85,374 | -€21,607 | -20.2% |
| Taxes, remuneration and social security | 45 | €26,957 | €35,199 | +€8,242 | +30.6% |
| Taxes | 450/3 | €11,334 | €21,469 | +€10,135 | +89.4% |
| Remuneration and social security | 454/9 | €15,623 | €13,730 | -€1,893 | -12.1% |
| Other amounts payable | 47/48 | €115,480 | €107,478 | -€8,002 | -6.9% |
| Accrued charges and deferred income | 492/3 | - | €4,571 | +€4,571 | |
| Remuneration, social security and pensions | 62 | €183,420 | €141,771 | -€41,649 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,220 | €9,047 | -€172 | -1.9% |
| Other operating charges | 640/8 | €2,557 | €1,999 | -€558 | -21.8% |
| Non-recurring operating charges | 66A | - | €1,201 | +€1,201 | |
| Gross operating margin | 9900 | €208,885 | €256,900 | +€48,014 | +23.0% |
| Operating profit (loss) | 9901 | €13,689 | €102,881 | +€89,192 | +651.5% |
| Financial income | 75/76B | €3,959 | €4,312 | +€353 | +8.9% |
| Recurring financial income | 75 | €3,959 | €4,312 | +€353 | +8.9% |
| Financial charges | 65/66B | €7,663 | €12,127 | +€4,464 | +58.2% |
| Recurring financial charges | 65 | €6,559 | €12,127 | +€5,568 | +84.9% |
| Non-recurring financial charges | 66B | €1,104 | €0 | -€1,104 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €9,985 | €95,067 | +€85,082 | +852.1% |
| Income taxes | 67/77 | €5,112 | €27,546 | +€22,434 | +438.8% |
| Profit (loss) for the period | 9904 | €4,873 | €67,521 | +€62,648 | +1285.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,873 | €67,521 | +€62,648 | +1285.7% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.