Dr TENEY: 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.
Dr TENEY
Largest movements
- Receivables within one year +€14,410
up €14,410 (+655%), from €2,200 to €16,610
- Cash -€6,077
down €6,077 (-8.6%), from €70,979 to €64,902
mainly Tax, wage and social debts (-€25,388) and Receivables within one year (-€14,410)
- Deferred charges and accrued income -€3,013
down €3,013 (-6.8%), from €44,022 to €41,009
- Tangible fixed assets +€2,768
new in 2025: €2,768
- Profit (loss) carried forward +€33,577
up €33,577 (+27.9%), from €120,143 to €153,720
- Tax, wage and social debts -€25,388
down €25,388 (-73.5%), from €34,561 to €9,173
- Gross operating margin -€112,059
down €112,059 (-72.4%), from €154,711 to €42,652
- Purchases and services -€62,876
no longer reported in 2025 (was €62,876)
- Taxes -€25,388
down €25,388 (-73.5%), from €34,561 to €9,173
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 | €157,201 | €164,420 | +€7,219 | +4.6% |
| Fixed assets | 21/28 | - | €2,768 | +€2,768 | |
| Tangible fixed assets | 22/27 | - | €2,768 | +€2,768 | |
| Furniture and vehicles | 24 | - | €2,768 | +€2,768 | |
| Current assets | 29/58 | €157,201 | €161,652 | +€4,451 | +2.8% |
| Amounts receivable within one year | 40/41 | €2,200 | €16,610 | +€14,410 | +655% |
| Other amounts receivable | 41 | €2,200 | €16,610 | +€14,410 | +655% |
| Current investments | 50/53 | €40,000 | €39,132 | -€868 | -2.2% |
| Cash at bank and in hand | 54/58 | €70,979 | €64,902 | -€6,077 | -8.6% |
| Deferred charges and accrued income | 490/1 | €44,022 | €41,009 | -€3,013 | -6.8% |
| Total equity and liabilities | 10/49 | €157,201 | €164,420 | +€7,219 | +4.6% |
| Equity | 10/15 | €121,643 | €155,220 | +€33,577 | +27.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,143 | €153,720 | +€33,577 | +27.9% |
| Amounts payable | 17/49 | €35,558 | €9,200 | -€26,358 | -74.1% |
| Amounts payable within one year | 42/48 | €35,558 | €9,200 | -€26,358 | -74.1% |
| Trade debts | 44 | - | €27 | +€27 | |
| Suppliers | 440/4 | - | €27 | +€27 | |
| Taxes, remuneration and social security | 45 | €34,561 | €9,173 | -€25,388 | -73.5% |
| Taxes | 450/3 | €34,561 | €9,173 | -€25,388 | -73.5% |
| Other amounts payable | 47/48 | €997 | - | -€997 | |
| Goods, raw materials, services and sundry goods | 60/61 | €62,876 | - | -€62,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €232 | +€232 | |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €154,711 | €42,652 | -€112,059 | -72.4% |
| Operating profit (loss) | 9901 | €154,711 | €42,321 | -€112,391 | -72.6% |
| Financial income | 75/76B | - | €477 | +€477 | |
| Recurring financial income | 75 | - | €477 | +€477 | |
| Financial charges | 65/66B | €8 | €48 | +€41 | +540% |
| Recurring financial charges | 65 | €8 | €48 | +€41 | +540% |
| Profit (loss) for the period before taxes | 9903 | €154,704 | €42,750 | -€111,954 | -72.4% |
| Income taxes | 67/77 | €34,561 | €9,173 | -€25,388 | -73.5% |
| Profit (loss) for the period | 9904 | €120,143 | €33,577 | -€86,566 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €120,143 | €33,577 | -€86,566 | -72.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.