Tistecoden: 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.
Tistecoden
Largest movements
- Cash -€67,582
down €67,582 (-71.4%), from €94,586 to €27,004
mainly Contributions, distributions and other (-€151,133) and Receivables within one year (-€6,839)
- Receivables within one year +€6,839
up €6,839 (+21.5%), from €31,780 to €38,619
of which Trade receivables: +€14,156
- Financial fixed assets +€6,000
new in 2025: €6,000
- Tangible fixed assets -€2,146
down €2,146 (-48.2%), from €4,451 to €2,305
of which Plant, machinery and equipment: -€1,420
- Reserves -€105,428
down €105,428 (-100%), from €105,428 to €0
- Other debts +€45,705
up €45,705 (+1,828,184%), from €3 to €45,707
- Tax, wage and social debts +€2,315
up €2,315 (+11.1%), from €20,806 to €23,121
- Gross operating margin -€13,249
down €13,249 (-17.9%), from €74,065 to €60,816
- Taxes -€2,887
down €2,887 (-19.0%), from €15,205 to €12,317
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 | €130,872 | €74,140 | -€56,732 | -43.3% |
| Fixed assets | 21/28 | €4,451 | €8,305 | +€3,854 | +86.6% |
| Tangible fixed assets | 22/27 | €4,451 | €2,305 | -€2,146 | -48.2% |
| Plant, machinery and equipment | 23 | €3,257 | €1,837 | -€1,420 | -43.6% |
| Furniture and vehicles | 24 | €1,194 | €468 | -€726 | -60.8% |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €126,420 | €65,834 | -€60,586 | -47.9% |
| Amounts receivable within one year | 40/41 | €31,780 | €38,619 | +€6,839 | +21.5% |
| Trade receivables | 40 | €21,780 | €35,936 | +€14,156 | +65.0% |
| Other amounts receivable | 41 | €10,000 | €2,683 | -€7,317 | -73.2% |
| Cash at bank and in hand | 54/58 | €94,586 | €27,004 | -€67,582 | -71.4% |
| Deferred charges and accrued income | 490/1 | €54 | €211 | +€157 | +288% |
| Total equity and liabilities | 10/49 | €130,872 | €74,140 | -€56,732 | -43.3% |
| Equity | 10/15 | €109,428 | €4,000 | -€105,428 | -96.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €105,428 | €0 | -€105,428 | -100% |
| Distributable reserves | 133 | €105,428 | €0 | -€105,428 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,443 | €70,140 | +€48,696 | +227% |
| Amounts payable within one year | 42/48 | €21,443 | €70,140 | +€48,696 | +227% |
| Trade debts | 44 | €635 | €1,311 | +€676 | +107% |
| Suppliers | 440/4 | €635 | €1,311 | +€676 | +107% |
| Taxes, remuneration and social security | 45 | €20,806 | €23,121 | +€2,315 | +11.1% |
| Taxes | 450/3 | €20,806 | €23,121 | +€2,315 | +11.1% |
| Other amounts payable | 47/48 | €3 | €45,707 | +€45,705 | +1,828,184% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €356 | €0 | -€356 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,669 | €2,146 | +€477 | +28.6% |
| Other operating charges | 640/8 | €505 | €600 | +€94 | +18.7% |
| Gross operating margin | 9900 | €74,065 | €60,816 | -€13,249 | -17.9% |
| Operating profit (loss) | 9901 | €71,535 | €58,070 | -€13,465 | -18.8% |
| Financial charges | 65/66B | €99 | €48 | -€51 | -51.6% |
| Recurring financial charges | 65 | €99 | €48 | -€51 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €71,436 | €58,022 | -€13,414 | -18.8% |
| Income taxes | 67/77 | €15,205 | €12,317 | -€2,887 | -19.0% |
| Profit (loss) for the period | 9904 | €56,231 | €45,705 | -€10,527 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,231 | €45,705 | -€10,527 | -18.7% |
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 26 October 2026 via checked.be.