RED TEAPOT: 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.
RED TEAPOT
Largest movements
- Cash +€94,916
up €94,916 (+63.9%), from €148,461 to €243,377
mainly Net result for the year (+€113,389) and Tax, wage and social debts (+€10,133)
- Receivables within one year +€10,172
up €10,172 (+15.3%), from €66,391 to €76,563
of which Trade receivables: +€12,494
- Profit (loss) carried forward +€112,556
up €112,556 (+75.0%), from €150,000 to €262,556
- Trade debts -€16,773
down €16,773 (-66.1%), from €25,368 to €8,595
- Tax, wage and social debts +€10,133
up €10,133, from €0 to €10,133
- Accrued charges and deferred income -€3,560
no longer reported in 2025 (was €3,560)
- Turnover -€209,148
no longer reported in 2025 (was €209,148)
- Gross operating margin -€10,658
down €10,658 (-7.0%), from €153,220 to €142,561
- Taxes -€5,645
down €5,645 (-16.5%), from €34,301 to €28,656
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 | €214,912 | €319,940 | +€105,028 | +48.9% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €214,912 | €319,940 | +€105,028 | +48.9% |
| Amounts receivable within one year | 40/41 | €66,391 | €76,563 | +€10,172 | +15.3% |
| Trade receivables | 40 | €62,725 | €75,219 | +€12,494 | +19.9% |
| Other amounts receivable | 41 | €3,666 | €1,344 | -€2,322 | -63.3% |
| Cash at bank and in hand | 54/58 | €148,461 | €243,377 | +€94,916 | +63.9% |
| Deferred charges and accrued income | 490/1 | €61 | - | -€61 | |
| Total equity and liabilities | 10/49 | €214,912 | €319,940 | +€105,028 | +48.9% |
| Equity | 10/15 | €182,661 | €295,217 | +€112,556 | +61.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,661 | €27,661 | = | 0.0% |
| Distributable reserves | 133 | €27,661 | €27,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,000 | €262,556 | +€112,556 | +75.0% |
| Amounts payable | 17/49 | €32,251 | €24,723 | -€7,528 | -23.3% |
| Amounts payable within one year | 42/48 | €28,691 | €24,723 | -€3,968 | -13.8% |
| Trade debts | 44 | €25,368 | €8,595 | -€16,773 | -66.1% |
| Suppliers | 440/4 | €25,368 | €8,595 | -€16,773 | -66.1% |
| Taxes, remuneration and social security | 45 | €0 | €10,133 | +€10,133 | |
| Taxes | 450/3 | €0 | €10,133 | +€10,133 | |
| Other amounts payable | 47/48 | €3,323 | €5,995 | +€2,672 | +80.4% |
| Accrued charges and deferred income | 492/3 | €3,560 | - | -€3,560 | |
| Turnover | 70 | €209,148 | - | -€209,148 | |
| Goods, raw materials, services and sundry goods | 60/61 | €70,108 | €69,313 | -€795 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151 | - | -€151 | |
| Other operating charges | 640/8 | €560 | €351 | -€210 | -37.4% |
| Gross operating margin | 9900 | €153,220 | €142,561 | -€10,658 | -7.0% |
| Operating profit (loss) | 9901 | €152,509 | €142,210 | -€10,298 | -6.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €226 | €168 | -€59 | -26.0% |
| Recurring financial charges | 65 | €226 | €168 | -€59 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €152,282 | €142,044 | -€10,238 | -6.7% |
| Income taxes | 67/77 | €34,301 | €28,656 | -€5,645 | -16.5% |
| Profit (loss) for the period | 9904 | €117,982 | €113,389 | -€4,593 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €117,982 | €113,389 | -€4,593 | -3.9% |
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 12 October 2026 via checked.be.