IN TE: 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.
IN TE
Largest movements
- Deferred charges and accrued income -€26,595
down €26,595 (-95.2%), from €27,931 to €1,336
- Tangible fixed assets -€10,136
down €10,136 (-7.4%), from €136,739 to €126,603
of which Plant, machinery and equipment: -€5,595
- Cash -€4,804
down €4,804 (-41.2%), from €11,657 to €6,853
mainly Debts after one year (-€18,372) and Net result for the year (-€14,093)
- Debts after one year -€18,372
down €18,372 (-23.9%), from €76,996 to €58,624
- Profit (loss) carried forward -€14,093
new in 2025: -€14,093
- Tax, wage and social debts -€5,693
down €5,693 (-78.7%), from €7,234 to €1,541
- Trade debts -€2,061
down €2,061 (-97.8%), from €2,107 to €46
- Gross operating margin -€46,296
down €46,296 (-95.5%), from €48,494 to €2,199
- Taxes -€11,427
down €11,427 (-98.9%), from €11,552 to €124
- Depreciation +€2,063
up €2,063 (+18.2%), from €11,345 to €13,409
- Financial income -€528
down €528 (-46.7%), from €1,131 to €603
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 | €194,739 | €154,935 | -€39,805 | -20.4% |
| Fixed assets | 21/28 | €136,739 | €126,603 | -€10,136 | -7.4% |
| Tangible fixed assets | 22/27 | €136,739 | €126,603 | -€10,136 | -7.4% |
| Land and buildings | 22 | €101,365 | €98,065 | -€3,300 | -3.3% |
| Plant, machinery and equipment | 23 | €28,058 | €22,463 | -€5,595 | -19.9% |
| Furniture and vehicles | 24 | €2,169 | €1,994 | -€175 | -8.1% |
| Other tangible fixed assets | 26 | €5,147 | €4,081 | -€1,066 | -20.7% |
| Current assets | 29/58 | €58,001 | €28,332 | -€29,669 | -51.2% |
| Amounts receivable within one year | 40/41 | €3,413 | €5,142 | +€1,729 | +50.7% |
| Trade receivables | 40 | €177 | €498 | +€321 | +181.3% |
| Other amounts receivable | 41 | €3,236 | €4,644 | +€1,408 | +43.5% |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,657 | €6,853 | -€4,804 | -41.2% |
| Deferred charges and accrued income | 490/1 | €27,931 | €1,336 | -€26,595 | -95.2% |
| Total equity and liabilities | 10/49 | €194,739 | €154,935 | -€39,805 | -20.4% |
| Equity | 10/15 | €89,673 | €75,580 | -€14,093 | -15.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €77,273 | €77,273 | = | 0.0% |
| Distributable reserves | 133 | €77,273 | €77,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,093 | -€14,093 | |
| Amounts payable | 17/49 | €105,067 | €79,355 | -€25,712 | -24.5% |
| Amounts payable after more than one year | 17 | €76,996 | €58,624 | -€18,372 | -23.9% |
| Financial debts | 170/4 | €76,996 | €58,624 | -€18,372 | -23.9% |
| Amounts payable within one year | 42/48 | €28,070 | €20,731 | -€7,340 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €18,729 | €19,143 | +€414 | +2.2% |
| Trade debts | 44 | €2,107 | €46 | -€2,061 | -97.8% |
| Suppliers | 440/4 | €2,107 | €46 | -€2,061 | -97.8% |
| Taxes, remuneration and social security | 45 | €7,234 | €1,541 | -€5,693 | -78.7% |
| Taxes | 450/3 | €7,234 | €1,541 | -€5,693 | -78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,345 | €13,409 | +€2,063 | +18.2% |
| Other operating charges | 640/8 | €573 | €762 | +€189 | +33.0% |
| Gross operating margin | 9900 | €48,494 | €2,199 | -€46,296 | -95.5% |
| Operating profit (loss) | 9901 | €36,576 | -€11,972 | -€48,548 | |
| Financial income | 75/76B | €1,131 | €603 | -€528 | -46.7% |
| Recurring financial income | 75 | €1,131 | €603 | -€528 | -46.7% |
| Financial charges | 65/66B | €2,343 | €2,599 | +€256 | +10.9% |
| Recurring financial charges | 65 | €2,343 | €2,583 | +€240 | +10.2% |
| Non-recurring financial charges | 66B | - | €16 | +€16 | |
| Profit (loss) for the period before taxes | 9903 | €35,364 | -€13,968 | -€49,332 | |
| Income taxes | 67/77 | €11,552 | €124 | -€11,427 | -98.9% |
| Profit (loss) for the period | 9904 | €23,813 | -€14,093 | -€37,905 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,813 | -€14,093 | -€37,905 |
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 2 October 2026 via checked.be.