DEN TEUGEL: 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.
DEN TEUGEL
Largest movements
- Intangible fixed assets -€183,205
down €183,205 (-33.3%), from €549,616 to €366,411
- Cash -€46,149
down €46,149 (-11.8%), from €391,627 to €345,478
mainly Other debts (-€259,738) and Investment in fixed assets (net) (-€110,791)
- Tangible fixed assets +€41,386
up €41,386 (+8.4%), from €493,564 to €534,950
of which Land and buildings: +€60,306
- Deferred charges and accrued income +€26,561
up €26,561 (+2566.4%), from €1,035 to €27,596
- Other debts -€259,738
down €259,738 (-50.9%), from €510,039 to €250,300
- Reserves +€138,267
up €138,267 (+23.6%), from €584,656 to €722,923
- Current portion of long-term debt -€28,455
down €28,455 (-58.9%), from €48,289 to €19,834
- Debts after one year -€19,834
down €19,834 (-92.1%), from €21,535 to €1,702
- Other operating charges +€39,804
up €39,804 (+75.0%), from €53,106 to €92,909
- Gross operating margin +€20,941
up €20,941 (+3.6%), from €589,297 to €610,239
- Depreciation +€11,140
up €11,140 (+4.6%), from €241,471 to €252,611
- Write-downs -€8,899
down €8,899 (-100.0%), from €8,899 to €0
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 | €1,447,248 | €1,292,549 | -€154,699 | -10.7% |
| Fixed assets | 21/28 | €1,043,180 | €901,360 | -€141,820 | -13.6% |
| Intangible fixed assets | 21 | €549,616 | €366,411 | -€183,205 | -33.3% |
| Tangible fixed assets | 22/27 | €493,564 | €534,950 | +€41,386 | +8.4% |
| Land and buildings | 22 | €382,416 | €442,722 | +€60,306 | +15.8% |
| Plant, machinery and equipment | 23 | €17,053 | €13,718 | -€3,335 | -19.6% |
| Furniture and vehicles | 24 | €94,096 | €78,510 | -€15,586 | -16.6% |
| Current assets | 29/58 | €404,068 | €391,189 | -€12,879 | -3.2% |
| Stocks and contracts in progress | 3 | €2,280 | €2,030 | -€250 | -11.0% |
| Stocks | 30/36 | €2,280 | €2,030 | -€250 | -11.0% |
| Amounts receivable within one year | 40/41 | €9,126 | €16,085 | +€6,958 | +76.2% |
| Trade receivables | 40 | €5,169 | €16,085 | +€10,915 | +211.2% |
| Other amounts receivable | 41 | €3,957 | €0 | -€3,957 | -100.0% |
| Cash at bank and in hand | 54/58 | €391,627 | €345,478 | -€46,149 | -11.8% |
| Deferred charges and accrued income | 490/1 | €1,035 | €27,596 | +€26,561 | +2566.4% |
| Total equity and liabilities | 10/49 | €1,447,248 | €1,292,549 | -€154,699 | -10.7% |
| Equity | 10/15 | €757,651 | €895,918 | +€138,267 | +18.2% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Reserves | 13 | €584,656 | €722,923 | +€138,267 | +23.6% |
| Distributable reserves | 133 | €584,656 | €722,923 | +€138,267 | +23.6% |
| Profit (loss) carried forward | 14 | €27,995 | €27,995 | = | 0.0% |
| Amounts payable | 17/49 | €689,598 | €396,632 | -€292,966 | -42.5% |
| Amounts payable after more than one year | 17 | €21,535 | €1,702 | -€19,834 | -92.1% |
| Financial debts | 170/4 | €21,535 | €1,702 | -€19,834 | -92.1% |
| Amounts payable within one year | 42/48 | €666,333 | €385,793 | -€280,540 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €48,289 | €19,834 | -€28,455 | -58.9% |
| Financial debts | 43 | €20,313 | €20,226 | -€87 | -0.4% |
| Credit institutions | 430/8 | €20,313 | €20,226 | -€87 | -0.4% |
| Trade debts | 44 | €12,177 | €18,986 | +€6,809 | +55.9% |
| Suppliers | 440/4 | €12,177 | €18,986 | +€6,809 | +55.9% |
| Taxes, remuneration and social security | 45 | €75,516 | €76,447 | +€931 | +1.2% |
| Taxes | 450/3 | €75,516 | €76,447 | +€931 | +1.2% |
| Other amounts payable | 47/48 | €510,039 | €250,300 | -€259,738 | -50.9% |
| Accrued charges and deferred income | 492/3 | €1,729 | €9,137 | +€7,408 | +428.5% |
| Non-recurring operating income | 76A | €7,783 | €36,475 | +€28,692 | +368.6% |
| Remuneration, social security and pensions | 62 | €610 | €316 | -€294 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,471 | €252,611 | +€11,140 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,899 | €0 | -€8,899 | -100.0% |
| Other operating charges | 640/8 | €53,106 | €92,909 | +€39,804 | +75.0% |
| Non-recurring operating charges | 66A | €434 | €0 | -€434 | -100.0% |
| Gross operating margin | 9900 | €589,297 | €610,239 | +€20,941 | +3.6% |
| Operating profit (loss) | 9901 | €284,778 | €264,402 | -€20,376 | -7.2% |
| Financial income | 75/76B | €32 | €3,173 | +€3,141 | +9949.2% |
| Recurring financial income | 75 | €32 | €3,173 | +€3,141 | +9949.2% |
| Financial charges | 65/66B | €12,535 | €6,787 | -€5,749 | -45.9% |
| Recurring financial charges | 65 | €12,535 | €6,787 | -€5,749 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €272,274 | €260,788 | -€11,486 | -4.2% |
| Income taxes | 67/77 | €127,154 | €122,521 | -€4,633 | -3.6% |
| Profit (loss) for the period | 9904 | €145,120 | €138,267 | -€6,853 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €145,120 | €138,267 | -€6,853 | -4.7% |
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 9 October 2026 via checked.be.