CHEZ TEO: 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.
CHEZ TEO
Largest movements
- Receivables within one year -€36,645
down €36,645 (-63.7%), from €57,491 to €20,846
- Deferred charges and accrued income +€20,213
new in 2025: €20,213
- Cash +€18,809
up €18,809 (+38.4%), from €48,985 to €67,794
mainly Receivables within one year (+€36,645) and Net result for the year (+€26,013)
- Tangible fixed assets +€15,454
up €15,454 (+103%), from €14,977 to €30,431
of which Plant, machinery and equipment: +€14,225
- Stocks and contracts +€2,381
up €2,381 (+19.8%), from €12,020 to €14,401
- Other debts +€6,650
up €6,650 (+56.1%), from €11,862 to €18,512
- Trade debts +€6,362
up €6,362 (+46.9%), from €13,554 to €19,916
- Tax, wage and social debts +€5,561
up €5,561 (+17.9%), from €31,105 to €36,666
of which Remuneration and social security: +€6,588
- Gross operating margin +€60,320
up €60,320 (+37.5%), from €160,793 to €221,114
- Staff costs +€44,627
up €44,627 (+36.3%), from €122,771 to €167,397
- Other operating charges +€2,892
up €2,892 (+76.0%), from €3,805 to €6,698
- Taxes +€2,326
up €2,326 (+48.2%), from €4,824 to €7,150
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 | €138,448 | €157,034 | +€18,586 | +13.4% |
| Fixed assets | 21/28 | €19,952 | €33,781 | +€13,829 | +69.3% |
| Intangible fixed assets | 21 | €4,875 | €3,250 | -€1,625 | -33.3% |
| Tangible fixed assets | 22/27 | €14,977 | €30,431 | +€15,454 | +103% |
| Plant, machinery and equipment | 23 | €12,106 | €26,331 | +€14,225 | +117% |
| Furniture and vehicles | 24 | €2,871 | €4,100 | +€1,229 | +42.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €118,496 | €123,253 | +€4,757 | +4.0% |
| Stocks and contracts in progress | 3 | €12,020 | €14,401 | +€2,381 | +19.8% |
| Stocks | 30/36 | €12,020 | €14,401 | +€2,381 | +19.8% |
| Amounts receivable within one year | 40/41 | €57,491 | €20,846 | -€36,645 | -63.7% |
| Trade receivables | 40 | €57,491 | €20,846 | -€36,645 | -63.7% |
| Cash at bank and in hand | 54/58 | €48,985 | €67,794 | +€18,809 | +38.4% |
| Deferred charges and accrued income | 490/1 | - | €20,213 | +€20,213 | |
| Total equity and liabilities | 10/49 | €138,448 | €157,034 | +€18,586 | +13.4% |
| Equity | 10/15 | €81,927 | €81,940 | +€13 | 0.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,467 | €61,480 | +€13 | 0.0% |
| Amounts payable | 17/49 | €56,521 | €75,094 | +€18,573 | +32.9% |
| Amounts payable within one year | 42/48 | €56,521 | €75,094 | +€18,573 | +32.9% |
| Trade debts | 44 | €13,554 | €19,916 | +€6,362 | +46.9% |
| Suppliers | 440/4 | €13,554 | €19,916 | +€6,362 | +46.9% |
| Taxes, remuneration and social security | 45 | €31,105 | €36,666 | +€5,561 | +17.9% |
| Taxes | 450/3 | €21,721 | €20,694 | -€1,027 | -4.7% |
| Remuneration and social security | 454/9 | €9,384 | €15,972 | +€6,588 | +70.2% |
| Other amounts payable | 47/48 | €11,862 | €18,512 | +€6,650 | +56.1% |
| Remuneration, social security and pensions | 62 | €122,771 | €167,397 | +€44,627 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,044 | €10,375 | +€331 | +3.3% |
| Other operating charges | 640/8 | €3,805 | €6,698 | +€2,892 | +76.0% |
| Non-recurring operating charges | 66A | €844 | - | -€844 | |
| Gross operating margin | 9900 | €160,793 | €221,114 | +€60,320 | +37.5% |
| Operating profit (loss) | 9901 | €23,329 | €36,644 | +€13,314 | +57.1% |
| Financial income | 75/76B | €718 | €22 | -€696 | -97.0% |
| Recurring financial income | 75 | €718 | €22 | -€696 | -97.0% |
| Financial charges | 65/66B | €2,486 | €3,502 | +€1,016 | +40.9% |
| Recurring financial charges | 65 | €2,486 | €3,502 | +€1,016 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €21,561 | €33,163 | +€11,602 | +53.8% |
| Income taxes | 67/77 | €4,824 | €7,150 | +€2,326 | +48.2% |
| Profit (loss) for the period | 9904 | €16,737 | €26,013 | +€9,277 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,737 | €26,013 | +€9,277 | +55.4% |
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 14 October 2026 via checked.be.