TEAIICo: 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.
TEAIICo
Largest movements
- Cash -€30,124
down €30,124 (-32.9%), from €91,604 to €61,480
mainly Investment in fixed assets (net) (-€31,878) and Contributions, distributions and other (-€18,580)
- Tangible fixed assets +€9,286
up €9,286 (+11.3%), from €82,172 to €91,458
of which Furniture and vehicles: +€12,921
- Receivables within one year -€8,577
down €8,577 (-23.5%), from €36,523 to €27,946
of which Other amounts receivable: -€6,276
- Debts after one year -€14,036
down €14,036 (-38.7%), from €36,232 to €22,195
- Tax, wage and social debts -€5,968
down €5,968 (-52.7%), from €11,318 to €5,350
of which Taxes: -€5,968
- Reserves -€5,475
down €5,475 (-3.9%), from €140,941 to €135,466
- Accrued charges and deferred income -€3,469
no longer reported in 2025 (was €3,469)
- Gross operating margin -€7,043
down €7,043 (-13.0%), from €54,064 to €47,021
- Taxes -€1,521
down €1,521 (-17.1%), from €8,871 to €7,350
- Financial charges -€1,019
down €1,019 (-25.1%), from €4,062 to €3,043
- Depreciation +€637
up €637 (+2.9%), from €21,955 to €22,592
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 | €213,928 | €184,294 | -€29,635 | -13.9% |
| Fixed assets | 21/28 | €82,172 | €91,458 | +€9,286 | +11.3% |
| Tangible fixed assets | 22/27 | €82,172 | €91,458 | +€9,286 | +11.3% |
| Furniture and vehicles | 24 | €64,308 | €77,229 | +€12,921 | +20.1% |
| Other tangible fixed assets | 26 | €17,864 | €14,229 | -€3,635 | -20.3% |
| Current assets | 29/58 | €131,756 | €92,836 | -€38,921 | -29.5% |
| Amounts receivable within one year | 40/41 | €36,523 | €27,946 | -€8,577 | -23.5% |
| Trade receivables | 40 | €19,275 | €16,974 | -€2,301 | -11.9% |
| Other amounts receivable | 41 | €17,249 | €10,973 | -€6,276 | -36.4% |
| Cash at bank and in hand | 54/58 | €91,604 | €61,480 | -€30,124 | -32.9% |
| Deferred charges and accrued income | 490/1 | €3,629 | €3,409 | -€219 | -6.0% |
| Total equity and liabilities | 10/49 | €213,928 | €184,294 | -€29,635 | -13.9% |
| Equity | 10/15 | €147,141 | €141,666 | -€5,475 | -3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €140,941 | €135,466 | -€5,475 | -3.9% |
| Distributable reserves | 133 | €140,941 | €135,466 | -€5,475 | -3.9% |
| Amounts payable | 17/49 | €66,787 | €42,627 | -€24,160 | -36.2% |
| Amounts payable after more than one year | 17 | €36,232 | €22,195 | -€14,036 | -38.7% |
| Financial debts | 170/4 | €36,232 | €22,195 | -€14,036 | -38.7% |
| Amounts payable within one year | 42/48 | €27,087 | €20,432 | -€6,655 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €13,457 | €14,036 | +€580 | +4.3% |
| Financial debts | 43 | - | €471 | +€471 | |
| Credit institutions | 430/8 | - | €471 | +€471 | |
| Trade debts | 44 | €2,312 | €574 | -€1,738 | -75.2% |
| Suppliers | 440/4 | €2,312 | €574 | -€1,738 | -75.2% |
| Taxes, remuneration and social security | 45 | €11,318 | €5,350 | -€5,968 | -52.7% |
| Taxes | 450/3 | €8,318 | €2,350 | -€5,968 | -71.7% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,469 | - | -€3,469 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,955 | €22,592 | +€637 | +2.9% |
| Other operating charges | 640/8 | €1,013 | €931 | -€82 | -8.1% |
| Gross operating margin | 9900 | €54,064 | €47,021 | -€7,043 | -13.0% |
| Operating profit (loss) | 9901 | €31,096 | €23,498 | -€7,598 | -24.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €4,062 | €3,043 | -€1,019 | -25.1% |
| Recurring financial charges | 65 | €4,062 | €3,043 | -€1,019 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €27,036 | €20,456 | -€6,580 | -24.3% |
| Income taxes | 67/77 | €8,871 | €7,350 | -€1,521 | -17.1% |
| Profit (loss) for the period | 9904 | €18,164 | €13,105 | -€5,059 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,164 | €13,105 | -€5,059 | -27.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.