TESSIMMO: what changed
What changed
TESSIMMO
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€78,707
2024 · €116,353-€37,647
Equity
€1.5m
2024 · €1.5m+€65,661
Cash
€146,692
2024 · €467,367-€320,675
Balance sheet total
€3.9m
2024 · €3.0m+€907,221
Largest movements
Assets
- Receivables within one year +€801,751
up €801,751 (+109%), from €736,384 to €1.5m
of which Other amounts receivable: +€469,967
- Financial fixed assets +€525,000
new in 2025: €525,000
- Cash -€320,675
down €320,675 (-68.6%), from €467,367 to €146,692
mainly Receivables within one year (-€801,751) and Investment in fixed assets (net) (-€523,824)
- Tangible fixed assets -€178,334
down €178,334 (-9.8%), from €1.8m to €1.6m
of which Land and buildings: -€146,339
- Stocks and contracts +€79,478
new in 2025: €79,478
Equity and liabilities
- Debts after one year +€464,762
up €464,762 (+51.8%), from €896,637 to €1.4m
- Trade debts +€377,520
up €377,520 (+78.9%), from €478,439 to €855,959
- Profit (loss) carried forward +€65,661
up €65,661 (+5.0%), from €1.3m to €1.4m
Income statement
- Taxes +€23,347
up €23,347 (+222%), from €10,521 to €33,869
- Gross operating margin -€17,471
down €17,471 (-3.1%), from €571,513 to €554,042
- Depreciation -€9,056
down €9,056 (-4.9%), from €186,214 to €177,158
- Staff costs +€8,070
up €8,070 (+3.6%), from €225,953 to €234,023
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€116,353
Gross operating margin
-€17,471
Staff costs
-€8,070
Depreciation
+€9,056
Other operating charges
+€2,465
Financial income
+€978
Financial charges
-€1,258
Taxes
-€23,347
Result 2025
€78,707
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€250,729
Investment
-€523,824
Financing
+€453,879
Cash 2024
€467,367
From operations (derived)
-€250,729
Net result for the year
+€78,707
Depreciation
+€177,158
Stocks and contracts
-€79,478
Receivables within one year
-€801,751
Trade debts
+€377,520
Tax, wage and social debts
-€2,885
Investment (derived)
-€523,824
Investment in fixed assets (net)
-€523,824
Financing
+€453,879
Debts after one year
+€464,762
Current portion of long-term debt
+€2,163
Contributions, distributions and other
-€13,046
Cash 2025
€146,692
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,021,396 | €3,928,616 | +€907,221 | +30.0% |
| Fixed assets | 21/28 | €1,817,645 | €2,164,312 | +€346,666 | +19.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,817,645 | €1,639,312 | -€178,334 | -9.8% |
| Land and buildings | 22 | €1,756,855 | €1,610,516 | -€146,339 | -8.3% |
| Plant, machinery and equipment | 23 | €21,074 | €19,734 | -€1,339 | -6.4% |
| Furniture and vehicles | 24 | €39,717 | €9,061 | -€30,655 | -77.2% |
| Financial fixed assets | 28 | - | €525,000 | +€525,000 | |
| Current assets | 29/58 | €1,203,750 | €1,764,305 | +€560,555 | +46.6% |
| Stocks and contracts in progress | 3 | - | €79,478 | +€79,478 | |
| Stocks | 30/36 | - | €79,478 | +€79,478 | |
| Amounts receivable within one year | 40/41 | €736,384 | €1,538,135 | +€801,751 | +109% |
| Trade receivables | 40 | €706,601 | €1,038,386 | +€331,785 | +47.0% |
| Other amounts receivable | 41 | €29,782 | €499,749 | +€469,967 | +1,578% |
| Cash at bank and in hand | 54/58 | €467,367 | €146,692 | -€320,675 | -68.6% |
| Total equity and liabilities | 10/49 | €3,021,396 | €3,928,616 | +€907,221 | +30.0% |
| Equity | 10/15 | €1,458,480 | €1,524,141 | +€65,661 | +4.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €77,688 | €77,688 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €71,491 | €71,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,318,819 | €1,384,480 | +€65,661 | +5.0% |
| Amounts payable | 17/49 | €1,562,915 | €2,404,475 | +€841,560 | +53.8% |
| Amounts payable after more than one year | 17 | €896,637 | €1,361,399 | +€464,762 | +51.8% |
| Financial debts | 170/4 | €896,637 | €1,361,399 | +€464,762 | +51.8% |
| Amounts payable within one year | 42/48 | €666,278 | €1,043,077 | +€376,798 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €138,267 | €140,430 | +€2,163 | +1.6% |
| Trade debts | 44 | €478,439 | €855,959 | +€377,520 | +78.9% |
| Suppliers | 440/4 | €478,439 | €855,959 | +€377,520 | +78.9% |
| Taxes, remuneration and social security | 45 | €49,573 | €46,688 | -€2,885 | -5.8% |
| Remuneration and social security | 454/9 | €49,573 | €46,688 | -€2,885 | -5.8% |
| Remuneration, social security and pensions | 62 | €225,953 | €234,023 | +€8,070 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,214 | €177,158 | -€9,056 | -4.9% |
| Other operating charges | 640/8 | €3,875 | €1,410 | -€2,465 | -63.6% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Gross operating margin | 9900 | €571,513 | €554,042 | -€17,471 | -3.1% |
| Operating profit (loss) | 9901 | €155,471 | €141,451 | -€14,020 | -9.0% |
| Financial income | 75/76B | - | €978 | +€978 | |
| Recurring financial income | 75 | - | €978 | +€978 | |
| Financial charges | 65/66B | €28,596 | €29,854 | +€1,258 | +4.4% |
| Recurring financial charges | 65 | €28,596 | €27,354 | -€1,242 | -4.3% |
| Non-recurring financial charges | 66B | - | €2,500 | +€2,500 | |
| Profit (loss) for the period before taxes | 9903 | €126,875 | €112,576 | -€14,299 | -11.3% |
| Income taxes | 67/77 | €10,521 | €33,869 | +€23,347 | +222% |
| Profit (loss) for the period | 9904 | €116,353 | €78,707 | -€37,647 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €116,353 | €78,707 | -€37,647 | -32.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.