CONSTANCE TEICHMANN: what changed
Two fiscal 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.
CONSTANCE TEICHMANN
Largest movements
- Tangible fixed assets -€71,285
down €71,285 (-9.1%), from €779,365 to €708,080
of which Land and buildings: -€65,583
- Cash +€54,704
up €54,704 (+78.9%), from €69,365 to €124,068
mainly Depreciation (+€71,603) and Accrued charges and deferred income (+€1,756)
- Profit (loss) carried forward -€14,869
down €14,869 (-2.1%), from -€705,087 to -€719,956
- Gross operating margin +€2,731
up €2,731 (+4.9%), from €55,200 to €57,930
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 | €848,729 | €833,612 | -€15,118 | -1.8% |
| Fixed assets | 21/28 | €779,365 | €708,080 | -€71,285 | -9.1% |
| Tangible fixed assets | 22/27 | €779,365 | €708,080 | -€71,285 | -9.1% |
| Land and buildings | 22 | €754,836 | €689,253 | -€65,583 | -8.7% |
| Plant, machinery and equipment | 23 | €12,892 | €8,697 | -€4,195 | -32.5% |
| Furniture and vehicles | 24 | €11,638 | €10,130 | -€1,508 | -13.0% |
| Current assets | 29/58 | €69,365 | €125,532 | +€56,168 | +81.0% |
| Amounts receivable within one year | 40/41 | - | €1,464 | +€1,464 | |
| Trade receivables | 40 | - | €1,464 | +€1,464 | |
| Cash at bank and in hand | 54/58 | €69,365 | €124,068 | +€54,704 | +78.9% |
| Total equity and liabilities | 10/49 | €848,729 | €833,612 | -€15,118 | -1.8% |
| Equity | 10/15 | €845,067 | €830,198 | -€14,869 | -1.8% |
| Contributions | 10/11 | €1,550,154 | €1,550,154 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€705,087 | -€719,956 | -€14,869 | -2.1% |
| Amounts payable | 17/49 | €3,663 | €3,414 | -€249 | -6.8% |
| Amounts payable within one year | 42/48 | €3,663 | €1,658 | -€2,005 | -54.7% |
| Trade debts | 44 | - | €1,657 | +€1,657 | |
| Suppliers | 440/4 | - | €1,657 | +€1,657 | |
| Advances received on contracts in progress | 46 | €3,662 | - | -€3,662 | |
| Other amounts payable | 47/48 | €1 | €1 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,756 | +€1,756 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,640 | €71,603 | -€37 | -0.1% |
| Other operating charges | 640/8 | €1,086 | €1,120 | +€34 | +3.1% |
| Gross operating margin | 9900 | €55,200 | €57,930 | +€2,731 | +4.9% |
| Operating profit (loss) | 9901 | -€17,526 | -€14,793 | +€2,733 | +15.6% |
| Financial income | 75/76B | €1 | €4 | +€3 | +473.6% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +473.6% |
| Financial charges | 65/66B | €74 | €80 | +€7 | +9.0% |
| Recurring financial charges | 65 | €74 | €80 | +€7 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,599 | -€14,869 | +€2,730 | +15.5% |
| Profit (loss) for the period | 9904 | -€17,599 | -€14,869 | +€2,730 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,599 | -€14,869 | +€2,730 | +15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.