IBRAHIM TEKE: 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.
IBRAHIM TEKE
Largest movements
- Receivables within one year -€57,005
down €57,005 (-45.4%), from €125,629 to €68,624
of which Trade receivables: -€88,696
- Tangible fixed assets -€41,727
down €41,727 (-21.9%), from €190,767 to €149,041
of which Leasing and similar rights: -€47,366
- Cash -€8,279
down €8,279 (-94.8%), from €8,734 to €455
mainly Net result for the year (-€77,247) and Debts after one year (-€57,038)
- Profit (loss) carried forward -€77,247
down €77,247 (-86.7%), from -€89,046 to -€166,293
- Debts after one year -€57,038
down €57,038 (-50.4%), from €113,070 to €56,032
- Trade debts +€39,605
up €39,605 (+28.0%), from €141,412 to €181,018
- Other debts -€34,190
down €34,190 (-99.1%), from €34,487 to €297
- Short-term financial debts +€14,508
up €14,508 (+54.4%), from €26,648 to €41,156
of which Credit institutions: +€14,590
- Gross operating margin +€294,828
up €294,828 (+168%), from €175,880 to €470,708
- Staff costs +€289,364
up €289,364 (+161%), from €179,547 to €468,911
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 | €327,777 | €218,768 | -€109,009 | -33.3% |
| Fixed assets | 21/28 | €190,767 | €149,041 | -€41,727 | -21.9% |
| Tangible fixed assets | 22/27 | €190,767 | €149,041 | -€41,727 | -21.9% |
| Plant, machinery and equipment | 23 | €200 | €82 | -€118 | -59.1% |
| Furniture and vehicles | 24 | €2,399 | €8,157 | +€5,758 | +240% |
| Leasing and similar rights | 25 | €188,168 | €140,802 | -€47,366 | -25.2% |
| Current assets | 29/58 | €137,010 | €69,727 | -€67,283 | -49.1% |
| Amounts receivable within one year | 40/41 | €125,629 | €68,624 | -€57,005 | -45.4% |
| Trade receivables | 40 | €103,135 | €14,439 | -€88,696 | -86.0% |
| Other amounts receivable | 41 | €22,494 | €54,185 | +€31,691 | +141% |
| Cash at bank and in hand | 54/58 | €8,734 | €455 | -€8,279 | -94.8% |
| Deferred charges and accrued income | 490/1 | €2,647 | €648 | -€1,999 | -75.5% |
| Total equity and liabilities | 10/49 | €327,777 | €218,768 | -€109,009 | -33.3% |
| Equity | 10/15 | -€57,647 | -€134,894 | -€77,247 | -134% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,399 | €29,399 | = | 0.0% |
| Distributable reserves | 133 | €29,399 | €29,399 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,046 | -€166,293 | -€77,247 | -86.7% |
| Amounts payable | 17/49 | €385,424 | €353,661 | -€31,763 | -8.2% |
| Amounts payable after more than one year | 17 | €113,070 | €56,032 | -€57,038 | -50.4% |
| Financial debts | 170/4 | €113,070 | €56,032 | -€57,038 | -50.4% |
| Amounts payable within one year | 42/48 | €271,619 | €297,593 | +€25,974 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €50,705 | €54,929 | +€4,224 | +8.3% |
| Financial debts | 43 | €26,648 | €41,156 | +€14,508 | +54.4% |
| Credit institutions | 430/8 | €24,953 | €39,543 | +€14,590 | +58.5% |
| Other loans | 439 | €1,695 | €1,613 | -€82 | -4.8% |
| Trade debts | 44 | €141,412 | €181,018 | +€39,605 | +28.0% |
| Suppliers | 440/4 | €141,412 | €181,018 | +€39,605 | +28.0% |
| Taxes, remuneration and social security | 45 | €18,368 | €20,193 | +€1,826 | +9.9% |
| Taxes | 450/3 | €3,259 | €1,380 | -€1,878 | -57.6% |
| Remuneration and social security | 454/9 | €15,109 | €18,813 | +€3,704 | +24.5% |
| Other amounts payable | 47/48 | €34,487 | €297 | -€34,190 | -99.1% |
| Accrued charges and deferred income | 492/3 | €735 | €36 | -€699 | -95.1% |
| Non-recurring operating income | 76A | - | €4,270 | +€4,270 | |
| Remuneration, social security and pensions | 62 | €179,547 | €468,911 | +€289,364 | +161% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,694 | €49,628 | +€934 | +1.9% |
| Other operating charges | 640/8 | €11,262 | €8,698 | -€2,563 | -22.8% |
| Gross operating margin | 9900 | €175,880 | €470,708 | +€294,828 | +168% |
| Operating profit (loss) | 9901 | -€63,622 | -€56,530 | +€7,093 | +11.1% |
| Financial income | 75/76B | €54 | €60 | +€7 | +12.7% |
| Recurring financial income | 75 | €54 | €60 | +€7 | +12.7% |
| Financial charges | 65/66B | €24,621 | €20,331 | -€4,291 | -17.4% |
| Recurring financial charges | 65 | €24,621 | €20,331 | -€4,291 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€88,190 | -€76,800 | +€11,390 | +12.9% |
| Income taxes | 67/77 | €856 | €447 | -€410 | -47.8% |
| Profit (loss) for the period | 9904 | -€89,046 | -€77,247 | +€11,799 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,046 | -€77,247 | +€11,799 | +13.3% |
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 15 October 2026 via checked.be.