T.E. System: 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. System
Largest movements
- Receivables within one year +€38,147
up €38,147 (+48.1%), from €79,331 to €117,478
of which Other amounts receivable: +€45,330
- Tangible fixed assets -€19,527
down €19,527 (-39.6%), from €49,333 to €29,805
of which Furniture and vehicles: -€10,756
- Debts after one year -€18,102
down €18,102 (-61.6%), from €29,399 to €11,297
- Trade debts +€14,779
up €14,779 (+71.0%), from €20,824 to €35,603
- Profit (loss) carried forward +€14,141
up €14,141 (+43.7%), from €32,370 to €46,511
- Other debts +€5,373
up €5,373 (+25.9%), from €20,725 to €26,099
- Current portion of long-term debt +€1,762
up €1,762 (+11.1%), from €15,922 to €17,684
- Gross operating margin +€15,153
up €15,153 (+57.0%), from €26,565 to €41,718
- Depreciation +€4,102
up €4,102 (+26.6%), from €15,425 to €19,527
- Taxes +€2,546
up €2,546 (+114.0%), from €2,234 to €4,780
- Financial charges +€794
up €794 (+40.3%), from €1,970 to €2,764
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 | €132,530 | €151,974 | +€19,443 | +14.7% |
| Fixed assets | 21/28 | €49,333 | €29,805 | -€19,527 | -39.6% |
| Tangible fixed assets | 22/27 | €49,333 | €29,805 | -€19,527 | -39.6% |
| Furniture and vehicles | 24 | €25,614 | €14,858 | -€10,756 | -42.0% |
| Leasing and similar rights | 25 | €23,719 | €14,947 | -€8,771 | -37.0% |
| Current assets | 29/58 | €83,198 | €122,168 | +€38,970 | +46.8% |
| Amounts receivable within one year | 40/41 | €79,331 | €117,478 | +€38,147 | +48.1% |
| Trade receivables | 40 | €24,961 | €17,778 | -€7,183 | -28.8% |
| Other amounts receivable | 41 | €54,371 | €99,700 | +€45,330 | +83.4% |
| Cash at bank and in hand | 54/58 | €3,625 | €3,058 | -€567 | -15.7% |
| Deferred charges and accrued income | 490/1 | €241 | €1,632 | +€1,391 | +576.3% |
| Total equity and liabilities | 10/49 | €132,530 | €151,974 | +€19,443 | +14.7% |
| Equity | 10/15 | €42,370 | €56,511 | +€14,141 | +33.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,370 | €46,511 | +€14,141 | +43.7% |
| Amounts payable | 17/49 | €90,161 | €95,462 | +€5,302 | +5.9% |
| Amounts payable after more than one year | 17 | €29,399 | €11,297 | -€18,102 | -61.6% |
| Financial debts | 170/4 | €29,399 | €11,297 | -€18,102 | -61.6% |
| Amounts payable within one year | 42/48 | €60,761 | €84,166 | +€23,404 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €15,922 | €17,684 | +€1,762 | +11.1% |
| Trade debts | 44 | €20,824 | €35,603 | +€14,779 | +71.0% |
| Suppliers | 440/4 | €20,824 | €35,603 | +€14,779 | +71.0% |
| Taxes, remuneration and social security | 45 | €3,290 | €4,780 | +€1,490 | +45.3% |
| Taxes | 450/3 | €3,290 | €4,780 | +€1,490 | +45.3% |
| Other amounts payable | 47/48 | €20,725 | €26,099 | +€5,373 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,425 | €19,527 | +€4,102 | +26.6% |
| Other operating charges | 640/8 | €641 | €608 | -€32 | -5.0% |
| Gross operating margin | 9900 | €26,565 | €41,718 | +€15,153 | +57.0% |
| Operating profit (loss) | 9901 | €10,500 | €21,583 | +€11,083 | +105.6% |
| Financial income | 75/76B | €9 | €103 | +€94 | +1107.2% |
| Recurring financial income | 75 | €9 | €103 | +€94 | +1107.2% |
| Financial charges | 65/66B | €1,970 | €2,764 | +€794 | +40.3% |
| Recurring financial charges | 65 | €1,970 | €2,764 | +€794 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €8,538 | €18,922 | +€10,384 | +121.6% |
| Income taxes | 67/77 | €2,234 | €4,780 | +€2,546 | +114.0% |
| Profit (loss) for the period | 9904 | €6,304 | €14,141 | +€7,837 | +124.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,304 | €14,141 | +€7,837 | +124.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.