TE INVEST: 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.
TE INVEST
Largest movements
- Receivables within one year +€80,777
up €80,777 (+421%), from €19,207 to €99,983
of which Other amounts receivable: +€70,943
- Cash -€36,918
down €36,918 (-76.9%), from €48,015 to €11,098
mainly Receivables within one year (-€80,777) and Contributions, distributions and other (-€75,000)
- Tangible fixed assets -€16,213
down €16,213 (-3.4%), from €474,722 to €458,509
of which Land and buildings: -€15,600
- Debts after one year +€76,000
up €76,000 (+29.7%), from €256,000 to €332,000
- Other debts -€34,474
down €34,474 (-55.7%), from €61,899 to €27,425
- Tax, wage and social debts -€26,164
down €26,164 (-56.2%), from €46,575 to €20,411
- Accrued charges and deferred income +€6,057
up €6,057 (+196%), from €3,089 to €9,146
- Gross operating margin -€23,509
down €23,509 (-15.1%), from €155,381 to €131,871
- Taxes -€16,187
down €16,187 (-44.3%), from €36,558 to €20,371
- Financial charges +€4,966
up €4,966 (+124%), from €4,020 to €8,986
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €542,829 | €570,507 | +€27,678 | +5.1% |
| Fixed assets | 21/28 | €474,722 | €458,509 | -€16,213 | -3.4% |
| Tangible fixed assets | 22/27 | €474,722 | €458,509 | -€16,213 | -3.4% |
| Land and buildings | 22 | €473,831 | €458,231 | -€15,600 | -3.3% |
| Plant, machinery and equipment | 23 | €891 | €278 | -€613 | -68.8% |
| Current assets | 29/58 | €68,107 | €111,998 | +€43,891 | +64.4% |
| Amounts receivable within one year | 40/41 | €19,207 | €99,983 | +€80,777 | +421% |
| Trade receivables | 40 | €19,207 | €29,040 | +€9,833 | +51.2% |
| Other amounts receivable | 41 | - | €70,943 | +€70,943 | |
| Cash at bank and in hand | 54/58 | €48,015 | €11,098 | -€36,918 | -76.9% |
| Deferred charges and accrued income | 490/1 | €885 | €917 | +€32 | +3.6% |
| Total equity and liabilities | 10/49 | €542,829 | €570,507 | +€27,678 | +5.1% |
| Equity | 10/15 | €150,987 | €154,495 | +€3,508 | +2.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €144,000 | €149,408 | +€5,408 | +3.8% |
| Distributable reserves | 133 | €144,000 | €149,408 | +€5,408 | +3.8% |
| Profit (loss) carried forward | 14 | €1,987 | €87 | -€1,900 | -95.6% |
| Amounts payable | 17/49 | €391,842 | €416,012 | +€24,170 | +6.2% |
| Amounts payable after more than one year | 17 | €256,000 | €332,000 | +€76,000 | +29.7% |
| Financial debts | 170/4 | €256,000 | €332,000 | +€76,000 | +29.7% |
| Amounts payable within one year | 42/48 | €132,754 | €74,866 | -€57,888 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €24,000 | €24,000 | = | 0.0% |
| Trade debts | 44 | €280 | €3,030 | +€2,750 | +983% |
| Suppliers | 440/4 | €280 | €3,030 | +€2,750 | +983% |
| Taxes, remuneration and social security | 45 | €46,575 | €20,411 | -€26,164 | -56.2% |
| Taxes | 450/3 | €46,575 | €20,411 | -€26,164 | -56.2% |
| Other amounts payable | 47/48 | €61,899 | €27,425 | -€34,474 | -55.7% |
| Accrued charges and deferred income | 492/3 | €3,089 | €9,146 | +€6,057 | +196% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,812 | €20,712 | +€900 | +4.5% |
| Other operating charges | 640/8 | €2,613 | €3,295 | +€681 | +26.1% |
| Gross operating margin | 9900 | €155,381 | €131,871 | -€23,509 | -15.1% |
| Operating profit (loss) | 9901 | €132,955 | €107,864 | -€25,091 | -18.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,020 | €8,986 | +€4,966 | +124% |
| Recurring financial charges | 65 | €4,020 | €8,986 | +€4,966 | +124% |
| Profit (loss) for the period before taxes | 9903 | €128,935 | €98,879 | -€30,056 | -23.3% |
| Income taxes | 67/77 | €36,558 | €20,371 | -€16,187 | -44.3% |
| Profit (loss) for the period | 9904 | €92,378 | €78,508 | -€13,869 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,378 | €78,508 | -€13,869 | -15.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.