TEACUS: 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.
TEACUS
Largest movements
- Receivables within one year +€18,063
up €18,063 (+1285.6%), from €1,405 to €19,468
of which Other amounts receivable: +€9,106
- Trade debts +€33,907
up €33,907 (+32.4%), from €104,785 to €138,692
- Debts after one year -€30,073
down €30,073 (-18.6%), from €161,259 to €131,186
- Reserves +€12,718
up €12,718 (+32.2%), from €39,513 to €52,231
- Tax, wage and social debts +€8,311
up €8,311 (+38.3%), from €21,674 to €29,985
of which Taxes: +€11,173
- Current portion of long-term debt +€6,958
up €6,958 (+22.0%), from €31,616 to €38,574
- Gross operating margin -€35,684
down €35,684 (-24.2%), from €147,351 to €111,667
- Financial income +€13,841
up €13,841 (+636.1%), from €2,176 to €16,017
- Staff costs -€12,114
down €12,114 (-13.0%), from €93,172 to €81,058
- Taxes -€3,766
down €3,766 (-69.0%), from €5,458 to €1,692
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 | €530,608 | €558,085 | +€27,477 | +5.2% |
| Fixed assets | 21/28 | €175,538 | €178,867 | +€3,329 | +1.9% |
| Intangible fixed assets | 21 | €3,708 | €3,208 | -€500 | -13.5% |
| Tangible fixed assets | 22/27 | €171,830 | €175,659 | +€3,829 | +2.2% |
| Land and buildings | 22 | €159,133 | €163,837 | +€4,704 | +3.0% |
| Plant, machinery and equipment | 23 | €9,096 | €7,472 | -€1,624 | -17.9% |
| Furniture and vehicles | 24 | €3,601 | €4,350 | +€749 | +20.8% |
| Current assets | 29/58 | €355,070 | €379,218 | +€24,148 | +6.8% |
| Stocks and contracts in progress | 3 | €343,011 | €343,883 | +€872 | +0.3% |
| Stocks | 30/36 | €343,011 | €343,883 | +€872 | +0.3% |
| Amounts receivable within one year | 40/41 | €1,405 | €19,468 | +€18,063 | +1285.6% |
| Trade receivables | 40 | €810 | €9,767 | +€8,957 | +1105.8% |
| Other amounts receivable | 41 | €595 | €9,701 | +€9,106 | +1530.4% |
| Cash at bank and in hand | 54/58 | €10,159 | €13,016 | +€2,857 | +28.1% |
| Deferred charges and accrued income | 490/1 | €495 | €2,851 | +€2,356 | +476.0% |
| Total equity and liabilities | 10/49 | €530,608 | €558,085 | +€27,477 | +5.2% |
| Equity | 10/15 | €44,513 | €57,231 | +€12,718 | +28.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,513 | €52,231 | +€12,718 | +32.2% |
| Distributable reserves | 133 | €39,513 | €52,231 | +€12,718 | +32.2% |
| Amounts payable | 17/49 | €486,095 | €500,854 | +€14,759 | +3.0% |
| Amounts payable after more than one year | 17 | €161,259 | €131,186 | -€30,073 | -18.6% |
| Financial debts | 170/4 | €161,259 | €131,186 | -€30,073 | -18.6% |
| Amounts payable within one year | 42/48 | €324,836 | €369,668 | +€44,832 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €31,616 | €38,574 | +€6,958 | +22.0% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €104,785 | €138,692 | +€33,907 | +32.4% |
| Suppliers | 440/4 | €104,785 | €138,692 | +€33,907 | +32.4% |
| Taxes, remuneration and social security | 45 | €21,674 | €29,985 | +€8,311 | +38.3% |
| Taxes | 450/3 | €16,594 | €27,767 | +€11,173 | +67.3% |
| Remuneration and social security | 454/9 | €5,080 | €2,218 | -€2,862 | -56.3% |
| Other amounts payable | 47/48 | €41,761 | €37,417 | -€4,344 | -10.4% |
| Remuneration, social security and pensions | 62 | €93,172 | €81,058 | -€12,114 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,485 | €14,348 | +€863 | +6.4% |
| Other operating charges | 640/8 | €1,574 | €2,509 | +€935 | +59.4% |
| Gross operating margin | 9900 | €147,351 | €111,667 | -€35,684 | -24.2% |
| Operating profit (loss) | 9901 | €39,120 | €13,752 | -€25,368 | -64.8% |
| Financial income | 75/76B | €2,176 | €16,017 | +€13,841 | +636.1% |
| Recurring financial income | 75 | €2,176 | €16,017 | +€13,841 | +636.1% |
| Financial charges | 65/66B | €15,947 | €15,359 | -€588 | -3.7% |
| Recurring financial charges | 65 | €15,947 | €15,359 | -€588 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €25,349 | €14,410 | -€10,939 | -43.2% |
| Income taxes | 67/77 | €5,458 | €1,692 | -€3,766 | -69.0% |
| Profit (loss) for the period | 9904 | €19,891 | €12,718 | -€7,173 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,891 | €12,718 | -€7,173 | -36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.