TEAKLAND: 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.
TEAKLAND
Largest movements
- Cash -€41,546
down €41,546 (-38.8%), from €107,014 to €65,468
mainly Debts after one year (-€33,222) and Trade debts (-€25,495)
- Stocks and contracts -€29,178
down €29,178 (-9.8%), from €297,345 to €268,168
- Tangible fixed assets -€14,883
down €14,883 (-23.9%), from €62,194 to €47,311
of which Leasing and similar rights: -€9,817
- Receivables within one year +€13,494
up €13,494 (+33.4%), from €40,343 to €53,837
of which Trade receivables: +€12,327
- Debts after one year -€33,222
down €33,222 (-25.0%), from €133,145 to €99,922
- Trade debts -€25,495
down €25,495 (-91.5%), from €27,861 to €2,366
- Other debts -€11,084
down €11,084 (-10.5%), from €105,779 to €94,695
- Gross operating margin -€4,645
down €4,645 (-8.8%), from €52,756 to €48,111
- Financial charges -€2,594
down €2,594 (-44.7%), from €5,807 to €3,213
- Other operating charges -€1,755
down €1,755 (-6.1%), from €28,895 to €27,139
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 | €807,167 | €734,484 | -€72,683 | -9.0% |
| Fixed assets | 21/28 | €360,559 | €345,676 | -€14,883 | -4.1% |
| Intangible fixed assets | 21 | €298,365 | €298,365 | = | 0.0% |
| Tangible fixed assets | 22/27 | €62,194 | €47,311 | -€14,883 | -23.9% |
| Land and buildings | 22 | €34,229 | €29,329 | -€4,900 | -14.3% |
| Plant, machinery and equipment | 23 | €479 | €312 | -€167 | -34.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €27,486 | €17,670 | -€9,817 | -35.7% |
| Current assets | 29/58 | €446,608 | €388,808 | -€57,800 | -12.9% |
| Stocks and contracts in progress | 3 | €297,345 | €268,168 | -€29,178 | -9.8% |
| Stocks | 30/36 | €297,345 | €268,168 | -€29,178 | -9.8% |
| Amounts receivable within one year | 40/41 | €40,343 | €53,837 | +€13,494 | +33.4% |
| Trade receivables | 40 | €33,243 | €45,569 | +€12,327 | +37.1% |
| Other amounts receivable | 41 | €7,100 | €8,268 | +€1,168 | +16.4% |
| Cash at bank and in hand | 54/58 | €107,014 | €65,468 | -€41,546 | -38.8% |
| Deferred charges and accrued income | 490/1 | €1,905 | €1,335 | -€571 | -30.0% |
| Total equity and liabilities | 10/49 | €807,167 | €734,484 | -€72,683 | -9.0% |
| Equity | 10/15 | €498,109 | €498,692 | +€582 | +0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €436,109 | €436,692 | +€582 | +0.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,125 | €4,125 | = | 0.0% |
| Distributable reserves | 133 | €425,785 | €426,367 | +€582 | +0.1% |
| Amounts payable | 17/49 | €309,058 | €235,792 | -€73,265 | -23.7% |
| Amounts payable after more than one year | 17 | €133,145 | €99,922 | -€33,222 | -25.0% |
| Financial debts | 170/4 | €133,145 | €99,922 | -€33,222 | -25.0% |
| Amounts payable within one year | 42/48 | €173,899 | €133,857 | -€40,042 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €30,980 | €32,426 | +€1,446 | +4.7% |
| Trade debts | 44 | €27,861 | €2,366 | -€25,495 | -91.5% |
| Suppliers | 440/4 | €27,861 | €2,366 | -€25,495 | -91.5% |
| Taxes, remuneration and social security | 45 | €9,278 | €4,369 | -€4,909 | -52.9% |
| Taxes | 450/3 | €9,278 | €4,369 | -€4,909 | -52.9% |
| Other amounts payable | 47/48 | €105,779 | €94,695 | -€11,084 | -10.5% |
| Accrued charges and deferred income | 492/3 | €2,014 | €2,013 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,134 | €14,883 | -€251 | -1.7% |
| Other operating charges | 640/8 | €28,895 | €27,139 | -€1,755 | -6.1% |
| Gross operating margin | 9900 | €52,756 | €48,111 | -€4,645 | -8.8% |
| Operating profit (loss) | 9901 | €8,728 | €6,089 | -€2,639 | -30.2% |
| Financial income | 75/76B | €0 | €67 | +€67 | |
| Recurring financial income | 75 | €0 | €67 | +€67 | |
| Financial charges | 65/66B | €5,807 | €3,213 | -€2,594 | -44.7% |
| Recurring financial charges | 65 | €5,807 | €3,213 | -€2,594 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €2,921 | €2,943 | +€22 | +0.8% |
| Income taxes | 67/77 | €2,170 | €2,361 | +€191 | +8.8% |
| Profit (loss) for the period | 9904 | €751 | €582 | -€169 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €751 | €582 | -€169 | -22.5% |
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 22 October 2026 via checked.be.