TAELIMA: 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.
What changed
TAELIMA
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€121,472
2024 · -€131,721+€10,249
Equity
€3.0m
2024 · €3.2m-€121,472
Cash
€26,313
2024 · €49,286-€22,973
Balance sheet total
€4.5m
2024 · €4.9m-€432,880
Largest movements
Assets
- Current investments -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Tangible fixed assets -€148,633
down €148,633 (-3.3%), from €4.4m to €4.3m
of which Land and buildings: -€118,710
Equity and liabilities
- Other debts -€252,840
down €252,840 (-32.4%), from €780,965 to €528,125
- Reserves -€121,472
down €121,472 (-5.9%), from €2.1m to €2.0m
of which Distributable reserves: -€77,662
Income statement
- Depreciation -€48,910
down €48,910 (-22.3%), from €219,000 to €170,090
- Financial income -€17,341
down €17,341 (-89.5%), from €19,368 to €2,027
- Gross operating margin -€13,053
down €13,053 (-12.9%), from €101,097 to €88,044
- Financial charges +€5,043
up €5,043 (+11.4%), from €44,097 to €49,140
- Other operating charges +€3,587
up €3,587 (+31.8%), from €11,286 to €14,873
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.
Result 2024
-€131,721
Gross operating margin
-€13,053
Depreciation
+€48,910
Other operating charges
-€3,587
Financial income
-€17,341
Financial charges
-€5,043
Taxes
+€362
Result 2025
-€121,472
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.
From operations
-€217,564
Investment
+€229,544
Financing
-€34,953
Cash 2024
€49,286
From operations (derived)
-€217,564
Net result for the year
-€121,472
Depreciation
+€170,090
Receivables after one year
+€10,000
Receivables within one year
-€3,015
Deferred charges and accrued income
+€3,289
Provisions
-€22,559
Trade debts
-€2,661
Tax, wage and social debts
+€94
Other debts
-€252,840
Accrued charges and deferred income
+€1,510
Investment (derived)
+€229,544
Investment in fixed assets (net)
-€20,456
Current investments
+€250,000
Financing
-€34,953
Debts after one year
-€36,239
Current portion of long-term debt
+€1,286
Cash 2025
€26,313
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,948,676 | €4,515,796 | -€432,880 | -8.7% |
| Fixed assets | 21/28 | €4,449,515 | €4,299,882 | -€149,633 | -3.4% |
| Tangible fixed assets | 22/27 | €4,448,515 | €4,299,882 | -€148,633 | -3.3% |
| Land and buildings | 22 | €4,387,942 | €4,269,232 | -€118,710 | -2.7% |
| Furniture and vehicles | 24 | €60,573 | €30,650 | -€29,923 | -49.4% |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100.0% |
| Current assets | 29/58 | €499,161 | €215,914 | -€283,247 | -56.7% |
| Amounts receivable after more than one year | 29 | €170,000 | €160,000 | -€10,000 | -5.9% |
| Other amounts receivable | 291 | €170,000 | €160,000 | -€10,000 | -5.9% |
| Amounts receivable within one year | 40/41 | €17,544 | €20,559 | +€3,015 | +17.2% |
| Trade receivables | 40 | €2,584 | €338 | -€2,246 | -86.9% |
| Other amounts receivable | 41 | €14,961 | €20,221 | +€5,261 | +35.2% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €49,286 | €26,313 | -€22,973 | -46.6% |
| Deferred charges and accrued income | 490/1 | €12,331 | €9,041 | -€3,289 | -26.7% |
| Total equity and liabilities | 10/49 | €4,948,676 | €4,515,796 | -€432,880 | -8.7% |
| Equity | 10/15 | €3,156,399 | €3,034,926 | -€121,472 | -3.8% |
| Contributions | 10/11 | €1,084,000 | €1,084,000 | = | 0.0% |
| Capital | 10 | €1,084,000 | €1,084,000 | = | 0.0% |
| Issued capital | 100 | €1,084,000 | €1,084,000 | = | 0.0% |
| Reserves | 13 | €2,072,399 | €1,950,926 | -€121,472 | -5.9% |
| Non-distributable reserves | 130/1 | €80,230 | €80,230 | = | 0.0% |
| Legal reserve | 130 | €80,230 | €80,230 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,173,685 | €1,129,875 | -€43,810 | -3.7% |
| Distributable reserves | 133 | €818,484 | €740,822 | -€77,662 | -9.5% |
| Provisions and deferred taxes | 16 | €585,047 | €562,488 | -€22,559 | -3.9% |
| Deferred taxes | 168 | €585,047 | €562,488 | -€22,559 | -3.9% |
| Amounts payable | 17/49 | €1,207,230 | €918,381 | -€288,849 | -23.9% |
| Amounts payable after more than one year | 17 | €334,099 | €297,860 | -€36,239 | -10.8% |
| Financial debts | 170/4 | €334,099 | €297,860 | -€36,239 | -10.8% |
| Amounts payable within one year | 42/48 | €829,183 | €575,063 | -€254,120 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €34,953 | €36,239 | +€1,286 | +3.7% |
| Trade debts | 44 | €9,162 | €6,501 | -€2,661 | -29.0% |
| Suppliers | 440/4 | €9,162 | €6,501 | -€2,661 | -29.0% |
| Taxes, remuneration and social security | 45 | €4,103 | €4,197 | +€94 | +2.3% |
| Taxes | 450/3 | €4,103 | €4,197 | +€94 | +2.3% |
| Other amounts payable | 47/48 | €780,965 | €528,125 | -€252,840 | -32.4% |
| Accrued charges and deferred income | 492/3 | €43,949 | €45,459 | +€1,510 | +3.4% |
| Non-recurring operating income | 76A | €211 | €0 | -€211 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,000 | €170,090 | -€48,910 | -22.3% |
| Other operating charges | 640/8 | €11,286 | €14,873 | +€3,587 | +31.8% |
| Gross operating margin | 9900 | €101,097 | €88,044 | -€13,053 | -12.9% |
| Operating profit (loss) | 9901 | -€129,189 | -€96,919 | +€32,270 | +25.0% |
| Financial income | 75/76B | €19,368 | €2,027 | -€17,341 | -89.5% |
| Recurring financial income | 75 | €19,368 | €2,027 | -€17,341 | -89.5% |
| Financial charges | 65/66B | €44,097 | €49,140 | +€5,043 | +11.4% |
| Recurring financial charges | 65 | €44,097 | €49,140 | +€5,043 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€153,918 | -€144,031 | +€9,887 | +6.4% |
| Transfer from deferred taxes | 780 | €22,559 | €22,559 | = | 0.0% |
| Income taxes | 67/77 | €362 | €0 | -€362 | -100.0% |
| Profit (loss) for the period | 9904 | -€131,721 | -€121,472 | +€10,249 | +7.8% |
| Transfer from tax-exempt reserves | 789 | €43,810 | €43,810 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,911 | -€77,662 | +€10,249 | +11.7% |
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 3 October 2026 via checked.be.