Team Company: what changed
Team Company
Largest movements
- Receivables within one year +€72,472
up €72,472 (+68.6%), from €105,683 to €178,155
of which Trade receivables: +€83,773
- Cash -€2,478
down €2,478 (-99.0%), from €2,504 to €26
mainly Receivables within one year (-€72,472) and Net result for the year (-€27,415)
- Trade debts +€75,879
up €75,879 (+355%), from €21,356 to €97,235
- Reserves -€27,415
down €27,415 (-41.1%), from €66,676 to €39,261
of which Distributable reserves: -€27,415
- Tax, wage and social debts +€12,601
up €12,601 (+299%), from €4,209 to €16,810
of which Remuneration and social security: +€14,731
- Advances received +€9,072
new in 2025: €9,072
- Other debts +€4,058
up €4,058 (+273%), from €1,487 to €5,545
- Financial charges +€51,119
up €51,119 (+5,203%), from €983 to €52,101
of which Non-recurring financial charges: +€51,287
- Other operating charges -€33,777
down €33,777 (-63.8%), from €52,966 to €19,189
- Staff costs -€13,617
down €13,617 (-16.4%), from €83,201 to €69,584
- Gross operating margin +€11,413
up €11,413 (+10.7%), from €106,639 to €118,052
- Financial income +€3,300
up €3,300 (+451%), from €732 to €4,031
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,288 | €186,524 | +€71,235 | +61.8% |
| Fixed assets | 21/28 | €7,102 | €8,342 | +€1,241 | +17.5% |
| Tangible fixed assets | 22/27 | €6,832 | €6,392 | -€439 | -6.4% |
| Plant, machinery and equipment | 23 | €1,530 | €6,392 | +€4,862 | +318% |
| Leasing and similar rights | 25 | €5,302 | €0 | -€5,302 | -100% |
| Financial fixed assets | 28 | €270 | €1,950 | +€1,680 | +622% |
| Current assets | 29/58 | €108,187 | €178,181 | +€69,994 | +64.7% |
| Amounts receivable within one year | 40/41 | €105,683 | €178,155 | +€72,472 | +68.6% |
| Trade receivables | 40 | €25,120 | €108,893 | +€83,773 | +333% |
| Other amounts receivable | 41 | €80,563 | €69,263 | -€11,300 | -14.0% |
| Cash at bank and in hand | 54/58 | €2,504 | €26 | -€2,478 | -99.0% |
| Total equity and liabilities | 10/49 | €115,288 | €186,524 | +€71,235 | +61.8% |
| Equity | 10/15 | €85,276 | €57,861 | -€27,415 | -32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,676 | €39,261 | -€27,415 | -41.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €64,816 | €37,401 | -€27,415 | -42.3% |
| Amounts payable | 17/49 | €30,012 | €128,662 | +€98,650 | +329% |
| Amounts payable within one year | 42/48 | €30,012 | €128,662 | +€98,650 | +329% |
| Current portion of amounts payable after more than one year | 42 | €2,959 | €0 | -€2,959 | -100% |
| Trade debts | 44 | €21,356 | €97,235 | +€75,879 | +355% |
| Suppliers | 440/4 | €21,356 | €97,235 | +€75,879 | +355% |
| Advances received on contracts in progress | 46 | - | €9,072 | +€9,072 | |
| Taxes, remuneration and social security | 45 | €4,209 | €16,810 | +€12,601 | +299% |
| Taxes | 450/3 | €2,580 | €451 | -€2,130 | -82.5% |
| Remuneration and social security | 454/9 | €1,629 | €16,360 | +€14,731 | +904% |
| Other amounts payable | 47/48 | €1,487 | €5,545 | +€4,058 | +273% |
| Remuneration, social security and pensions | 62 | €83,201 | €69,584 | -€13,617 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,099 | €3,321 | -€777 | -19.0% |
| Other operating charges | 640/8 | €52,966 | €19,189 | -€33,777 | -63.8% |
| Non-recurring operating charges | 66A | - | €5,302 | +€5,302 | |
| Gross operating margin | 9900 | €106,639 | €118,052 | +€11,413 | +10.7% |
| Operating profit (loss) | 9901 | -€33,627 | €20,655 | +€54,283 | |
| Financial income | 75/76B | €732 | €4,031 | +€3,300 | +451% |
| Recurring financial income | 75 | €732 | €4,031 | +€3,300 | +451% |
| Financial charges | 65/66B | €983 | €52,101 | +€51,119 | +5,203% |
| Recurring financial charges | 65 | €983 | €814 | -€169 | -17.1% |
| Non-recurring financial charges | 66B | - | €51,287 | +€51,287 | |
| Profit (loss) for the period before taxes | 9903 | -€33,878 | -€27,415 | +€6,463 | +19.1% |
| Profit (loss) for the period | 9904 | -€33,878 | -€27,415 | +€6,463 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,878 | -€27,415 | +€6,463 | +19.1% |
Next steps
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 4 November 2026 via checked.be.