Teal Ocean: 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.
Teal Ocean
Largest movements
- Current investments +€20,000
up €20,000 (+2,548%), from €785 to €20,785
- Receivables within one year -€7,079
down €7,079 (-19.4%), from €36,486 to €29,406
of which Trade receivables: -€7,334
- Deferred charges and accrued income -€2,253
down €2,253 (-66.8%), from €3,373 to €1,120
- Tangible fixed assets -€2,243
down €2,243 (-10.1%), from €22,163 to €19,921
of which Furniture and vehicles: -€1,785
- Profit (loss) carried forward +€26,483
up €26,483 (+45.5%), from €58,241 to €84,724
- Other debts -€18,748
down €18,748 (-90.4%), from €20,748 to €2,000
- Trade debts +€1,622
up €1,622 (+191%), from €851 to €2,473
- Short-term financial debts -€1,195
down €1,195 (-100%), from €1,195 to €0
- Gross operating margin -€23,449
down €23,449 (-37.6%), from €62,382 to €38,933
- Taxes -€4,228
down €4,228 (-32.7%), from €12,915 to €8,686
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 | €109,665 | €117,897 | +€8,232 | +7.5% |
| Fixed assets | 21/28 | €26,168 | €23,926 | -€2,243 | -8.6% |
| Tangible fixed assets | 22/27 | €22,163 | €19,921 | -€2,243 | -10.1% |
| Plant, machinery and equipment | 23 | €11,624 | €11,341 | -€283 | -2.4% |
| Furniture and vehicles | 24 | €7,891 | €6,106 | -€1,785 | -22.6% |
| Other tangible fixed assets | 26 | €2,648 | €2,473 | -€175 | -6.6% |
| Financial fixed assets | 28 | €4,005 | €4,005 | = | 0.0% |
| Current assets | 29/58 | €83,496 | €93,971 | +€10,475 | +12.5% |
| Amounts receivable within one year | 40/41 | €36,486 | €29,406 | -€7,079 | -19.4% |
| Trade receivables | 40 | €28,342 | €21,007 | -€7,334 | -25.9% |
| Other amounts receivable | 41 | €8,144 | €8,399 | +€255 | +3.1% |
| Current investments | 50/53 | €785 | €20,785 | +€20,000 | +2,548% |
| Cash at bank and in hand | 54/58 | €42,853 | €42,661 | -€192 | -0.4% |
| Deferred charges and accrued income | 490/1 | €3,373 | €1,120 | -€2,253 | -66.8% |
| Total equity and liabilities | 10/49 | €109,665 | €117,897 | +€8,232 | +7.5% |
| Equity | 10/15 | €81,662 | €108,145 | +€26,483 | +32.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €4,871 | €4,871 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,016 | €3,016 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,241 | €84,724 | +€26,483 | +45.5% |
| Amounts payable | 17/49 | €28,003 | €9,752 | -€18,251 | -65.2% |
| Amounts payable within one year | 42/48 | €27,967 | €9,752 | -€18,216 | -65.1% |
| Financial debts | 43 | €1,195 | €0 | -€1,195 | -100% |
| Credit institutions | 430/8 | €1,195 | €0 | -€1,195 | -100% |
| Trade debts | 44 | €851 | €2,473 | +€1,622 | +191% |
| Suppliers | 440/4 | €851 | €2,473 | +€1,622 | +191% |
| Taxes, remuneration and social security | 45 | €5,174 | €5,279 | +€105 | +2.0% |
| Taxes | 450/3 | €5,174 | €5,279 | +€105 | +2.0% |
| Other amounts payable | 47/48 | €20,748 | €2,000 | -€18,748 | -90.4% |
| Accrued charges and deferred income | 492/3 | €35 | €0 | -€35 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,287 | €3,193 | -€94 | -2.8% |
| Other operating charges | 640/8 | €90 | €400 | +€310 | +346% |
| Gross operating margin | 9900 | €62,382 | €38,933 | -€23,449 | -37.6% |
| Operating profit (loss) | 9901 | €59,005 | €35,340 | -€23,665 | -40.1% |
| Financial income | 75/76B | €3 | €10 | +€7 | +229% |
| Recurring financial income | 75 | €3 | €10 | +€7 | +229% |
| Financial charges | 65/66B | €188 | €181 | -€7 | -3.6% |
| Recurring financial charges | 65 | €188 | €181 | -€7 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €58,821 | €35,169 | -€23,651 | -40.2% |
| Income taxes | 67/77 | €12,915 | €8,686 | -€4,228 | -32.7% |
| Profit (loss) for the period | 9904 | €45,906 | €26,483 | -€19,423 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,906 | €26,483 | -€19,423 | -42.3% |
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 23 October 2026 via checked.be.