T & E INVEST: what changed
T & E INVEST
Largest movements
- Current investments +€526,639
up €526,639 (+305%), from €172,887 to €699,526
- Tangible fixed assets +€277,516
up €277,516 (+511%), from €54,284 to €331,800
of which Land and buildings: +€289,360
- Cash +€243,047
up €243,047 (+309%), from €78,740 to €321,787
mainly Net result for the year (+€802,584) and Debts after one year (+€149,417)
- Deferred charges and accrued income -€40,538
down €40,538 (-98.7%), from €41,052 to €514
- Receivables within one year +€22,464
up €22,464 (+886%), from €2,536 to €25,000
of which Trade receivables: +€25,000
- Reserves +€802,584
up €802,584 (+148%), from €542,680 to €1.3m
- Debts after one year +€149,417
new in 2025: €149,417
- Tax, wage and social debts +€53,771
up €53,771 (+640%), from €8,400 to €62,171
- Current portion of long-term debt +€30,482
up €30,482 (+399%), from €7,634 to €38,116
- Other debts -€27,948
down €27,948 (-52.8%), from €52,908 to €24,960
- Financial income +€749,512
up €749,512 (+10,011%), from €7,487 to €756,999
of which Financial income: +€749,358
- Taxes +€60,467
up €60,467 (+86.8%), from €69,698 to €130,165
- Other operating charges +€35,801
up €35,801 (+4,509%), from €794 to €36,595
- Gross operating margin -€13,425
down €13,425 (-5.4%), from €246,681 to €233,256
- Financial charges -€5,836
down €5,836 (-57.9%), from €10,082 to €4,246
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,799 | €1,665,511 | +€1.0m | +162% |
| Fixed assets | 21/28 | €341,584 | €618,684 | +€277,100 | +81.1% |
| Tangible fixed assets | 22/27 | €54,284 | €331,800 | +€277,516 | +511% |
| Land and buildings | 22 | - | €289,360 | +€289,360 | |
| Furniture and vehicles | 24 | €54,284 | €42,440 | -€11,844 | -21.8% |
| Financial fixed assets | 28 | €287,300 | €286,883 | -€417 | -0.1% |
| Current assets | 29/58 | €295,215 | €1,046,827 | +€751,612 | +255% |
| Amounts receivable within one year | 40/41 | €2,536 | €25,000 | +€22,464 | +886% |
| Trade receivables | 40 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 41 | €2,536 | €0 | -€2,536 | -100% |
| Current investments | 50/53 | €172,887 | €699,526 | +€526,639 | +305% |
| Cash at bank and in hand | 54/58 | €78,740 | €321,787 | +€243,047 | +309% |
| Deferred charges and accrued income | 490/1 | €41,052 | €514 | -€40,538 | -98.7% |
| Total equity and liabilities | 10/49 | €636,799 | €1,665,511 | +€1.0m | +162% |
| Equity | 10/15 | €558,659 | €1,361,242 | +€802,583 | +144% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €542,680 | €1,345,264 | +€802,584 | +148% |
| Distributable reserves | 133 | €542,680 | €1,345,264 | +€802,584 | +148% |
| Profit (loss) carried forward | 14 | €9,779 | €9,779 | -€0 | 0.0% |
| Amounts payable | 17/49 | €78,140 | €304,268 | +€226,128 | +289% |
| Amounts payable after more than one year | 17 | - | €149,417 | +€149,417 | |
| Financial debts | 170/4 | - | €149,417 | +€149,417 | |
| Amounts payable within one year | 42/48 | €70,811 | €153,821 | +€83,010 | +117% |
| Current portion of amounts payable after more than one year | 42 | €7,634 | €38,116 | +€30,482 | +399% |
| Financial debts | 43 | - | €19,234 | +€19,234 | |
| Credit institutions | 430/8 | - | €19,234 | +€19,234 | |
| Trade debts | 44 | €1,869 | €9,340 | +€7,471 | +400% |
| Suppliers | 440/4 | €1,869 | €9,340 | +€7,471 | +400% |
| Taxes, remuneration and social security | 45 | €8,400 | €62,171 | +€53,771 | +640% |
| Taxes | 450/3 | €8,400 | €62,171 | +€53,771 | +640% |
| Other amounts payable | 47/48 | €52,908 | €24,960 | -€27,948 | -52.8% |
| Accrued charges and deferred income | 492/3 | €7,329 | €1,030 | -€6,299 | -86.0% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,149 | €16,665 | +€1,516 | +10.0% |
| Other operating charges | 640/8 | €794 | €36,595 | +€35,801 | +4,509% |
| Gross operating margin | 9900 | €246,681 | €233,256 | -€13,425 | -5.4% |
| Operating profit (loss) | 9901 | €230,738 | €179,995 | -€50,743 | -22.0% |
| Financial income | 75/76B | €7,487 | €756,999 | +€749,512 | +10,011% |
| Recurring financial income | 75 | €7,487 | €756,845 | +€749,358 | +10,009% |
| Non-recurring financial income | 76B | - | €155 | +€155 | |
| Financial charges | 65/66B | €10,082 | €4,246 | -€5,836 | -57.9% |
| Recurring financial charges | 65 | €10,082 | €4,246 | -€5,836 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €228,143 | €932,748 | +€704,605 | +309% |
| Income taxes | 67/77 | €69,698 | €130,165 | +€60,467 | +86.8% |
| Profit (loss) for the period | 9904 | €158,445 | €802,584 | +€644,139 | +407% |
| Profit (loss) for the period to be appropriated | 9905 | €158,445 | €802,584 | +€644,139 | +407% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.