T.E.A.M.: 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.
T.E.A.M.
Largest movements
- Tangible fixed assets -€49,173
down €49,173 (-3.4%), from €1.5m to €1.4m
of which Land and buildings: -€51,091
- Cash +€39,192
up €39,192 (+52.1%), from €75,204 to €114,396
mainly Depreciation (+€51,173) and Net result for the year (+€35,556)
- Receivables within one year +€16,371
new in 2025: €16,371
- Debts after one year -€50,190
down €50,190 (-3.6%), from €1.4m to €1.3m
- Reserves +€35,556
up €35,556 (+94.7%), from €37,551 to €73,107
- Gross operating margin +€5,424
up €5,424 (+3.6%), from €149,845 to €155,269
- Financial charges -€1,817
down €1,817 (-3.5%), from €52,045 to €50,228
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 | €1,531,864 | €1,538,013 | +€6,150 | +0.4% |
| Fixed assets | 21/28 | €1,456,419 | €1,407,246 | -€49,173 | -3.4% |
| Tangible fixed assets | 22/27 | €1,456,419 | €1,407,246 | -€49,173 | -3.4% |
| Land and buildings | 22 | €1,456,419 | €1,405,328 | -€51,091 | -3.5% |
| Furniture and vehicles | 24 | - | €1,918 | +€1,918 | |
| Current assets | 29/58 | €75,445 | €130,767 | +€55,322 | +73.3% |
| Amounts receivable within one year | 40/41 | - | €16,371 | +€16,371 | |
| Trade receivables | 40 | - | €16,371 | +€16,371 | |
| Cash at bank and in hand | 54/58 | €75,204 | €114,396 | +€39,192 | +52.1% |
| Deferred charges and accrued income | 490/1 | €241 | €0 | -€241 | -100.0% |
| Total equity and liabilities | 10/49 | €1,531,864 | €1,538,013 | +€6,150 | +0.4% |
| Equity | 10/15 | €87,551 | €123,107 | +€35,556 | +40.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €37,551 | €73,107 | +€35,556 | +94.7% |
| Distributable reserves | 133 | €37,551 | €73,107 | +€35,556 | +94.7% |
| Amounts payable | 17/49 | €1,444,313 | €1,414,906 | -€29,407 | -2.0% |
| Amounts payable after more than one year | 17 | €1,386,542 | €1,336,351 | -€50,190 | -3.6% |
| Financial debts | 170/4 | €1,386,542 | €1,336,351 | -€50,190 | -3.6% |
| Amounts payable within one year | 42/48 | €57,699 | €78,267 | +€20,568 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €48,258 | €50,190 | +€1,933 | +4.0% |
| Trade debts | 44 | €126 | €11,707 | +€11,581 | +9191.4% |
| Suppliers | 440/4 | €126 | €11,707 | +€11,581 | +9191.4% |
| Taxes, remuneration and social security | 45 | €9,316 | €16,369 | +€7,054 | +75.7% |
| Taxes | 450/3 | €9,316 | €16,369 | +€7,054 | +75.7% |
| Accrued charges and deferred income | 492/3 | €72 | €288 | +€216 | +299.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,091 | €51,173 | +€82 | +0.2% |
| Other operating charges | 640/8 | €8,600 | €9,815 | +€1,215 | +14.1% |
| Gross operating margin | 9900 | €149,845 | €155,269 | +€5,424 | +3.6% |
| Operating profit (loss) | 9901 | €90,155 | €94,281 | +€4,127 | +4.6% |
| Financial income | 75/76B | €241 | €393 | +€152 | +63.1% |
| Recurring financial income | 75 | €241 | €393 | +€152 | +63.1% |
| Financial charges | 65/66B | €52,045 | €50,228 | -€1,817 | -3.5% |
| Recurring financial charges | 65 | €52,045 | €50,228 | -€1,817 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €38,350 | €44,445 | +€6,095 | +15.9% |
| Income taxes | 67/77 | €7,670 | €8,889 | +€1,219 | +15.9% |
| Profit (loss) for the period | 9904 | €30,680 | €35,556 | +€4,876 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,680 | €35,556 | +€4,876 | +15.9% |
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 1 October 2026 via checked.be.