TEACODER: 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.
TEACODER
Largest movements
- Cash +€64,195
up €64,195 (+234%), from €27,446 to €91,641
mainly Net result for the year (+€95,899) and Receivables within one year (+€31,808)
- Receivables within one year -€31,808
down €31,808 (-60.3%), from €52,784 to €20,977
of which Trade receivables: -€31,378
- Tangible fixed assets -€19,929
down €19,929 (-7.8%), from €256,950 to €237,021
- Stocks and contracts +€12,413
up €12,413 (+24.7%), from €50,212 to €62,624
- Reserves +€95,899
up €95,899 (+112%), from €85,886 to €181,785
of which Distributable reserves: +€95,899
- Debts after one year -€24,547
down €24,547 (-13.4%), from €182,641 to €158,094
- Other debts -€18,221
down €18,221 (-94.8%), from €19,226 to €1,005
- Trade debts -€10,966
down €10,966 (-78.3%), from €14,011 to €3,045
- Tax, wage and social debts -€7,926
down €7,926 (-23.9%), from €33,098 to €25,173
- Gross operating margin +€90,666
up €90,666 (+129%), from €70,150 to €160,816
- Taxes +€20,936
up €20,936 (+192%), from €10,912 to €31,848
- Depreciation +€1,659
up €1,659 (+8.3%), from €19,921 to €21,581
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.
Derived cash bridge
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 | €388,272 | €413,889 | +€25,617 | +6.6% |
| Fixed assets | 21/28 | €256,950 | €237,021 | -€19,929 | -7.8% |
| Tangible fixed assets | 22/27 | €256,950 | €237,021 | -€19,929 | -7.8% |
| Land and buildings | 22 | €196,000 | €188,734 | -€7,266 | -3.7% |
| Plant, machinery and equipment | 23 | €15,290 | €13,154 | -€2,136 | -14.0% |
| Furniture and vehicles | 24 | €16,744 | €12,822 | -€3,922 | -23.4% |
| Leasing and similar rights | 25 | €28,916 | €22,310 | -€6,605 | -22.8% |
| Current assets | 29/58 | €131,322 | €176,868 | +€45,546 | +34.7% |
| Stocks and contracts in progress | 3 | €50,212 | €62,624 | +€12,413 | +24.7% |
| Stocks | 30/36 | €50,212 | €62,624 | +€12,413 | +24.7% |
| Amounts receivable within one year | 40/41 | €52,784 | €20,977 | -€31,808 | -60.3% |
| Trade receivables | 40 | €52,355 | €20,977 | -€31,378 | -59.9% |
| Other amounts receivable | 41 | €429 | - | -€429 | |
| Cash at bank and in hand | 54/58 | €27,446 | €91,641 | +€64,195 | +234% |
| Deferred charges and accrued income | 490/1 | €880 | €1,626 | +€746 | +84.9% |
| Total equity and liabilities | 10/49 | €388,272 | €413,889 | +€25,617 | +6.6% |
| Equity | 10/15 | €104,801 | €200,700 | +€95,899 | +91.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,886 | €181,785 | +€95,899 | +112% |
| Tax-exempt reserves | 132 | €1,785 | €1,785 | = | 0.0% |
| Distributable reserves | 133 | €84,101 | €180,001 | +€95,899 | +114% |
| Profit (loss) carried forward | 14 | €315 | €315 | = | 0.0% |
| Amounts payable | 17/49 | €283,471 | €213,189 | -€70,283 | -24.8% |
| Amounts payable after more than one year | 17 | €182,641 | €158,094 | -€24,547 | -13.4% |
| Financial debts | 170/4 | €182,641 | €158,094 | -€24,547 | -13.4% |
| Amounts payable within one year | 42/48 | €100,830 | €55,095 | -€45,735 | -45.4% |
| Current portion of amounts payable after more than one year | 42 | €30,098 | €25,112 | -€4,986 | -16.6% |
| Financial debts | 43 | €760 | €759 | -€1 | -0.1% |
| Credit institutions | 430/8 | €760 | €759 | -€1 | -0.1% |
| Trade debts | 44 | €14,011 | €3,045 | -€10,966 | -78.3% |
| Suppliers | 440/4 | €14,011 | €3,045 | -€10,966 | -78.3% |
| Advances received on contracts in progress | 46 | €3,636 | - | -€3,636 | |
| Taxes, remuneration and social security | 45 | €33,098 | €25,173 | -€7,926 | -23.9% |
| Taxes | 450/3 | €33,098 | €25,173 | -€7,926 | -23.9% |
| Other amounts payable | 47/48 | €19,226 | €1,005 | -€18,221 | -94.8% |
| Remuneration, social security and pensions | 62 | €27 | €56 | +€29 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,921 | €21,581 | +€1,659 | +8.3% |
| Other operating charges | 640/8 | €1,511 | €2,040 | +€529 | +35.0% |
| Gross operating margin | 9900 | €70,150 | €160,816 | +€90,666 | +129% |
| Operating profit (loss) | 9901 | €48,690 | €137,139 | +€88,449 | +182% |
| Financial income | 75/76B | €213 | €387 | +€174 | +81.5% |
| Recurring financial income | 75 | €213 | €387 | +€174 | +81.5% |
| Financial charges | 65/66B | €11,249 | €9,779 | -€1,470 | -13.1% |
| Recurring financial charges | 65 | €11,249 | €9,779 | -€1,470 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €37,654 | €127,747 | +€90,093 | +239% |
| Income taxes | 67/77 | €10,912 | €31,848 | +€20,936 | +192% |
| Profit (loss) for the period | 9904 | €26,742 | €95,899 | +€69,158 | +259% |
| Profit (loss) for the period to be appropriated | 9905 | €26,742 | €95,899 | +€69,158 | +259% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.