Tissubel: 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.
Tissubel
Largest movements
- Receivables within one year -€155,560
down €155,560 (-78.2%), from €198,827 to €43,267
of which Trade receivables: -€151,760
- Cash +€124,684
up €124,684 (+83.1%), from €150,079 to €274,763
mainly Receivables within one year (+€155,560) and Net result for the year (+€98,436)
- Stocks and contracts +€63,508
up €63,508 (+29.4%), from €216,171 to €279,679
- Other debts +€35,772
up €35,772 (+13.8%), from €260,070 to €295,842
- Reserves -€25,000
down €25,000 (-11.1%), from €226,000 to €201,000
- Accrued charges and deferred income +€10,366
up €10,366 (+49.1%), from €21,113 to €31,478
- Trade debts +€9,983
up €9,983 (+32.9%), from €30,321 to €40,304
- Gross operating margin -€69,615
down €69,615 (-34.3%), from €203,061 to €133,446
- Financial income +€16,458
up €16,458 (+267%), from €6,167 to €22,625
- Financial charges +€6,599
up €6,599 (+142%), from €4,654 to €11,253
- Taxes -€5,250
down €5,250 (-10.8%), from €48,730 to €43,480
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 | €582,229 | €608,535 | +€26,307 | +4.5% |
| Fixed assets | 21/28 | €12,551 | €10,827 | -€1,725 | -13.7% |
| Tangible fixed assets | 22/27 | €12,551 | €10,827 | -€1,725 | -13.7% |
| Plant, machinery and equipment | 23 | €7,656 | €6,600 | -€1,056 | -13.8% |
| Furniture and vehicles | 24 | €4,895 | €4,226 | -€668 | -13.7% |
| Current assets | 29/58 | €569,677 | €597,709 | +€28,031 | +4.9% |
| Stocks and contracts in progress | 3 | €216,171 | €279,679 | +€63,508 | +29.4% |
| Stocks | 30/36 | €216,171 | €279,679 | +€63,508 | +29.4% |
| Amounts receivable within one year | 40/41 | €198,827 | €43,267 | -€155,560 | -78.2% |
| Trade receivables | 40 | €183,699 | €31,939 | -€151,760 | -82.6% |
| Other amounts receivable | 41 | €15,128 | €11,328 | -€3,800 | -25.1% |
| Cash at bank and in hand | 54/58 | €150,079 | €274,763 | +€124,684 | +83.1% |
| Deferred charges and accrued income | 490/1 | €4,600 | - | -€4,600 | |
| Total equity and liabilities | 10/49 | €582,229 | €608,535 | +€26,307 | +4.5% |
| Equity | 10/15 | €245,570 | €221,006 | -€24,564 | -10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,000 | €201,000 | -€25,000 | -11.1% |
| Distributable reserves | 133 | €226,000 | €201,000 | -€25,000 | -11.1% |
| Profit (loss) carried forward | 14 | €970 | €1,406 | +€436 | +44.9% |
| Amounts payable | 17/49 | €336,658 | €387,529 | +€50,871 | +15.1% |
| Amounts payable within one year | 42/48 | €315,546 | €356,051 | +€40,505 | +12.8% |
| Trade debts | 44 | €30,321 | €40,304 | +€9,983 | +32.9% |
| Suppliers | 440/4 | €30,321 | €40,304 | +€9,983 | +32.9% |
| Taxes, remuneration and social security | 45 | €25,155 | €19,905 | -€5,250 | -20.9% |
| Taxes | 450/3 | €25,155 | €19,905 | -€5,250 | -20.9% |
| Other amounts payable | 47/48 | €260,070 | €295,842 | +€35,772 | +13.8% |
| Accrued charges and deferred income | 492/3 | €21,113 | €31,478 | +€10,366 | +49.1% |
| Non-recurring operating income | 76A | €3,339 | - | -€3,339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,036 | €1,725 | -€311 | -15.3% |
| Other operating charges | 640/8 | €2,723 | €1,178 | -€1,545 | -56.7% |
| Gross operating margin | 9900 | €203,061 | €133,446 | -€69,615 | -34.3% |
| Operating profit (loss) | 9901 | €198,303 | €130,544 | -€67,759 | -34.2% |
| Financial income | 75/76B | €6,167 | €22,625 | +€16,458 | +267% |
| Recurring financial income | 75 | €6,167 | €22,625 | +€16,458 | +267% |
| Financial charges | 65/66B | €4,654 | €11,253 | +€6,599 | +142% |
| Recurring financial charges | 65 | €4,654 | €11,253 | +€6,599 | +142% |
| Profit (loss) for the period before taxes | 9903 | €199,817 | €141,916 | -€57,901 | -29.0% |
| Income taxes | 67/77 | €48,730 | €43,480 | -€5,250 | -10.8% |
| Profit (loss) for the period | 9904 | €151,087 | €98,436 | -€52,651 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €151,087 | €98,436 | -€52,651 | -34.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.