Teads Belgium: what changed
What changed
Teads Belgium
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€7,280
2024 · €12,927-€5,647
Equity
€227,761
2024 · €220,481+€7,280
Cash
€2,815
2024 · €30,267-€27,452
Balance sheet total
€394,524
2024 · €333,629+€60,896
Largest movements
Assets
- Receivables within one year +€88,975
up €88,975 (+29.4%), from €302,734 to €391,709
- Cash -€27,452
down €27,452 (-90.7%), from €30,267 to €2,815
mainly Receivables within one year (-€88,975) and Trade debts (-€2,577)
Equity and liabilities
- Tax, wage and social debts +€56,010
up €56,010 (+225%), from €24,908 to €80,918
of which Remuneration and social security: +€55,947
- Profit (loss) carried forward +€7,280
up €7,280 (+4.9%), from €147,560 to €154,840
Income statement
- Gross operating margin -€37,055
down €37,055 (-15.8%), from €234,501 to €197,446
- Staff costs -€22,718
down €22,718 (-11.1%), from €205,443 to €182,725
- Financial charges -€3,433
down €3,433 (-43.8%), from €7,837 to €4,404
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€12,927
Gross operating margin
-€37,055
Staff costs
+€22,718
Depreciation
+€419
Provisions
+€1,649
Other operating charges
+€490
Other operating items
+€1,627
Financial income
-€451
Financial charges
+€3,433
Taxes
+€1,524
Result 2025
€7,280
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€28,079
Investment
+€628
Financing
€0
Cash 2024
€30,267
From operations (derived)
-€28,079
Net result for the year
+€7,280
Receivables within one year
-€88,975
Provisions
-€1,452
Trade debts
-€2,577
Tax, wage and social debts
+€56,010
Other debts
+€1,635
Investment (derived)
+€628
Investment in fixed assets (net)
+€628
Cash 2025
€2,815
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333,629 | €394,524 | +€60,896 | +18.3% |
| Fixed assets | 21/28 | €628 | €0 | -€628 | -100% |
| Tangible fixed assets | 22/27 | €628 | €0 | -€628 | -100% |
| Plant, machinery and equipment | 23 | €628 | €0 | -€628 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €333,001 | €394,524 | +€61,524 | +18.5% |
| Amounts receivable within one year | 40/41 | €302,734 | €391,709 | +€88,975 | +29.4% |
| Other amounts receivable | 41 | €302,734 | €391,709 | +€88,975 | +29.4% |
| Cash at bank and in hand | 54/58 | €30,267 | €2,815 | -€27,452 | -90.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €333,629 | €394,524 | +€60,896 | +18.3% |
| Equity | 10/15 | €220,481 | €227,761 | +€7,280 | +3.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €54,371 | €54,371 | = | 0.0% |
| Distributable reserves | 133 | €54,371 | €54,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,560 | €154,840 | +€7,280 | +4.9% |
| Provisions and deferred taxes | 16 | €1,452 | €0 | -€1,452 | -100% |
| Provisions for liabilities and charges | 160/5 | €1,452 | €0 | -€1,452 | -100% |
| Other liabilities and charges | 164/5 | €1,452 | €0 | -€1,452 | -100% |
| Amounts payable | 17/49 | €111,696 | €166,763 | +€55,068 | +49.3% |
| Amounts payable within one year | 42/48 | €111,696 | €166,763 | +€55,068 | +49.3% |
| Trade debts | 44 | €42,958 | €40,381 | -€2,577 | -6.0% |
| Suppliers | 440/4 | €42,958 | €40,381 | -€2,577 | -6.0% |
| Taxes, remuneration and social security | 45 | €24,908 | €80,918 | +€56,010 | +225% |
| Taxes | 450/3 | €0 | €63 | +€63 | |
| Remuneration and social security | 454/9 | €24,908 | €80,855 | +€55,947 | +225% |
| Other amounts payable | 47/48 | €43,830 | €45,465 | +€1,635 | +3.7% |
| Remuneration, social security and pensions | 62 | €205,443 | €182,725 | -€22,718 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419 | €0 | -€419 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €197 | -€1,452 | -€1,649 | |
| Other operating charges | 640/8 | €890 | €400 | -€490 | -55.1% |
| Non-recurring operating charges | 66A | €2,043 | €416 | -€1,627 | -79.6% |
| Gross operating margin | 9900 | €234,501 | €197,446 | -€37,055 | -15.8% |
| Operating profit (loss) | 9901 | €25,509 | €15,357 | -€10,153 | -39.8% |
| Financial income | 75/76B | €451 | €0 | -€451 | -100% |
| Recurring financial income | 75 | €451 | €0 | -€451 | -100% |
| Financial charges | 65/66B | €7,837 | €4,404 | -€3,433 | -43.8% |
| Recurring financial charges | 65 | €7,837 | €4,404 | -€3,433 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €18,124 | €10,953 | -€7,171 | -39.6% |
| Income taxes | 67/77 | €5,196 | €3,673 | -€1,524 | -29.3% |
| Profit (loss) for the period | 9904 | €12,927 | €7,280 | -€5,647 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,927 | €7,280 | -€5,647 | -43.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.