De Teut: 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.
De Teut
Largest movements
- Cash +€4,638
up €4,638 (+18.2%), from €25,482 to €30,120
mainly Net result for the year (+€7,732) and Depreciation (+€4,136)
- Tangible fixed assets -€3,569
down €3,569 (-34.0%), from €10,494 to €6,925
of which Furniture and vehicles: -€2,796
- Receivables within one year -€3,161
down €3,161 (-15.9%), from €19,863 to €16,703
of which Trade receivables: -€10,960
- Stocks and contracts -€750
down €750 (-7.4%), from €10,145 to €9,395
- Profit (loss) carried forward +€7,732
up €7,732 (+56.7%), from -€13,628 to -€5,896
- Trade debts -€4,211
down €4,211 (-76.2%), from €5,524 to €1,312
- Tax, wage and social debts -€2,951
down €2,951 (-13.7%), from €21,567 to €18,615
of which Taxes: -€3,223
- Current portion of long-term debt -€2,500
down €2,500 (-25.0%), from €10,000 to €7,500
- Other debts -€887
no longer reported in 2025 (was €887)
- Gross operating margin +€4,802
up €4,802 (+5.2%), from €91,980 to €96,782
- Financial charges +€3,616
up €3,616 (+219%), from €1,649 to €5,265
- Depreciation -€1,864
down €1,864 (-31.1%), from €6,000 to €4,136
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 | €69,431 | €66,614 | -€2,817 | -4.1% |
| Fixed assets | 21/28 | €13,494 | €9,925 | -€3,569 | -26.4% |
| Tangible fixed assets | 22/27 | €10,494 | €6,925 | -€3,569 | -34.0% |
| Land and buildings | 22 | €570 | - | -€570 | |
| Plant, machinery and equipment | 23 | €7,128 | €6,925 | -€203 | -2.8% |
| Furniture and vehicles | 24 | €2,796 | - | -€2,796 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €55,938 | €56,689 | +€751 | +1.3% |
| Stocks and contracts in progress | 3 | €10,145 | €9,395 | -€750 | -7.4% |
| Stocks | 30/36 | €10,145 | €9,395 | -€750 | -7.4% |
| Amounts receivable within one year | 40/41 | €19,863 | €16,703 | -€3,161 | -15.9% |
| Trade receivables | 40 | €13,785 | €2,825 | -€10,960 | -79.5% |
| Other amounts receivable | 41 | €6,078 | €13,878 | +€7,799 | +128% |
| Cash at bank and in hand | 54/58 | €25,482 | €30,120 | +€4,638 | +18.2% |
| Deferred charges and accrued income | 490/1 | €447 | €471 | +€24 | +5.3% |
| Total equity and liabilities | 10/49 | €69,431 | €66,614 | -€2,817 | -4.1% |
| Equity | 10/15 | €31,454 | €39,186 | +€7,732 | +24.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €41,082 | €41,082 | = | 0.0% |
| Distributable reserves | 133 | €41,082 | €41,082 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,628 | -€5,896 | +€7,732 | +56.7% |
| Amounts payable | 17/49 | €37,977 | €27,428 | -€10,550 | -27.8% |
| Amounts payable within one year | 42/48 | €37,977 | €27,428 | -€10,550 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Trade debts | 44 | €5,524 | €1,312 | -€4,211 | -76.2% |
| Suppliers | 440/4 | €5,524 | €1,312 | -€4,211 | -76.2% |
| Taxes, remuneration and social security | 45 | €21,567 | €18,615 | -€2,951 | -13.7% |
| Taxes | 450/3 | €14,853 | €11,629 | -€3,223 | -21.7% |
| Remuneration and social security | 454/9 | €6,714 | €6,986 | +€272 | +4.0% |
| Other amounts payable | 47/48 | €887 | - | -€887 | |
| Non-recurring operating income | 76A | - | €758 | +€758 | |
| Remuneration, social security and pensions | 62 | €77,258 | €76,549 | -€709 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €4,136 | -€1,864 | -31.1% |
| Other operating charges | 640/8 | €2,435 | €3,290 | +€855 | +35.1% |
| Gross operating margin | 9900 | €91,980 | €96,782 | +€4,802 | +5.2% |
| Operating profit (loss) | 9901 | €6,287 | €12,808 | +€6,521 | +104% |
| Financial income | 75/76B | €145 | €411 | +€266 | +184% |
| Recurring financial income | 75 | €145 | €411 | +€266 | +184% |
| Financial charges | 65/66B | €1,649 | €5,265 | +€3,616 | +219% |
| Recurring financial charges | 65 | €1,649 | €5,265 | +€3,616 | +219% |
| Profit (loss) for the period before taxes | 9903 | €4,783 | €7,953 | +€3,171 | +66.3% |
| Income taxes | 67/77 | €230 | €221 | -€9 | -4.0% |
| Profit (loss) for the period | 9904 | €4,552 | €7,732 | +€3,180 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,552 | €7,732 | +€3,180 | +69.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.