TISZAI: 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.
TISZAI
Largest movements
- Receivables within one year -€330,031
down €330,031 (-24.6%), from €1.3m to €1.0m
of which Trade receivables: -€225,385
- Cash +€219,396
up €219,396 (+97.2%), from €225,819 to €445,216
mainly Receivables within one year (+€330,031) and Depreciation (+€18,153)
- Tangible fixed assets -€18,153
down €18,153 (-36.3%), from €50,002 to €31,848
- Other debts -€58,613
no longer reported in 2025 (was €58,613)
- Profit (loss) carried forward -€36,397
down €36,397 (-4.3%), from €840,151 to €803,754
- Trade debts -€28,838
down €28,838 (-5.1%), from €570,533 to €541,696
- Gross operating margin -€94,983
down €94,983 (-27.0%), from €351,855 to €256,872
- Taxes -€23,189
down €23,189 (-35.2%), from €65,804 to €42,616
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 | €1,631,913 | €1,497,703 | -€134,209 | -8.2% |
| Fixed assets | 21/28 | €50,002 | €31,848 | -€18,153 | -36.3% |
| Tangible fixed assets | 22/27 | €50,002 | €31,848 | -€18,153 | -36.3% |
| Furniture and vehicles | 24 | €50,002 | €31,848 | -€18,153 | -36.3% |
| Current assets | 29/58 | €1,581,911 | €1,465,855 | -€116,056 | -7.3% |
| Stocks and contracts in progress | 3 | €14,224 | €8,134 | -€6,090 | -42.8% |
| Stocks | 30/36 | €14,224 | €8,134 | -€6,090 | -42.8% |
| Amounts receivable within one year | 40/41 | €1,341,552 | €1,011,521 | -€330,031 | -24.6% |
| Trade receivables | 40 | €1,197,802 | €972,418 | -€225,385 | -18.8% |
| Other amounts receivable | 41 | €143,749 | €39,103 | -€104,646 | -72.8% |
| Cash at bank and in hand | 54/58 | €225,819 | €445,216 | +€219,396 | +97.2% |
| Deferred charges and accrued income | 490/1 | €316 | €985 | +€669 | +211.4% |
| Total equity and liabilities | 10/49 | €1,631,913 | €1,497,703 | -€134,209 | -8.2% |
| Equity | 10/15 | €952,351 | €915,954 | -€36,397 | -3.8% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Capital | 10 | €102,000 | €102,000 | = | 0.0% |
| Issued capital | 100 | €102,000 | €102,000 | = | 0.0% |
| Reserves | 13 | €10,200 | €10,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,200 | €10,200 | = | 0.0% |
| Legal reserve | 130 | €10,200 | €10,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €840,151 | €803,754 | -€36,397 | -4.3% |
| Amounts payable | 17/49 | €679,561 | €581,749 | -€97,812 | -14.4% |
| Amounts payable within one year | 42/48 | €679,561 | €581,749 | -€97,812 | -14.4% |
| Trade debts | 44 | €570,533 | €541,696 | -€28,838 | -5.1% |
| Suppliers | 440/4 | €570,533 | €541,696 | -€28,838 | -5.1% |
| Taxes, remuneration and social security | 45 | €50,416 | €40,054 | -€10,362 | -20.6% |
| Taxes | 450/3 | €40,678 | €29,481 | -€11,197 | -27.5% |
| Remuneration and social security | 454/9 | €9,738 | €10,573 | +€835 | +8.6% |
| Other amounts payable | 47/48 | €58,613 | - | -€58,613 | |
| Remuneration, social security and pensions | 62 | €92,394 | €92,974 | +€579 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,153 | €18,153 | = | 0.0% |
| Other operating charges | 640/8 | €3,395 | €2,214 | -€1,180 | -34.8% |
| Non-recurring operating charges | 66A | - | €138,479 | +€138,479 | |
| Gross operating margin | 9900 | €351,855 | €256,872 | -€94,983 | -27.0% |
| Operating profit (loss) | 9901 | €237,913 | €5,051 | -€232,861 | -97.9% |
| Financial income | 75/76B | €3,462 | - | -€3,462 | |
| Recurring financial income | 75 | €3,462 | - | -€3,462 | |
| Financial charges | 65/66B | €850 | -€1,167 | -€2,017 | |
| Recurring financial charges | 65 | €850 | -€1,167 | -€2,017 | |
| Profit (loss) for the period before taxes | 9903 | €240,525 | €6,218 | -€234,306 | -97.4% |
| Income taxes | 67/77 | €65,804 | €42,616 | -€23,189 | -35.2% |
| Profit (loss) for the period | 9904 | €174,720 | -€36,397 | -€211,118 | |
| Profit (loss) for the period to be appropriated | 9905 | €174,720 | -€36,397 | -€211,118 |
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 12 October 2026 via checked.be.