TEAM CREATION: what changed
Two fiscal 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.
TEAM CREATION
Largest movements
- Receivables within one year -€9,417
down €9,417 (-27.7%), from €34,030 to €24,612
of which Trade receivables: -€15,117
- Cash +€6,132
up €6,132 (+6.6%), from €92,889 to €99,022
mainly Trade debts (+€23,158) and Depreciation (+€18,728)
- Deferred charges and accrued income +€4,459
up €4,459 (+807.7%), from €552 to €5,012
- Trade debts +€23,158
up €23,158 (+134.7%), from €17,188 to €40,346
- Debts after one year -€13,057
down €13,057 (-33.7%), from €38,691 to €25,635
- Profit (loss) carried forward -€9,917
down €9,917 (-70.3%), from €14,098 to €4,180
- Advances received -€4,961
no longer reported in 2025 (was €4,961)
- Tax, wage and social debts +€4,795
up €4,795 (+151.5%), from €3,166 to €7,961
of which Remuneration and social security: +€4,954
- Staff costs +€67,163
up €67,163 (+69.1%), from €97,168 to €164,330
- Gross operating margin +€25,788
up €25,788 (+17.3%), from €149,448 to €175,237
- Taxes -€13,345
down €13,345, from €13,186 to -€159
- Depreciation +€9,915
up €9,915 (+112.5%), from €8,814 to €18,728
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.
Cash bridge derived
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 | €189,093 | €189,179 | +€86 | 0.0% |
| Fixed assets | 21/28 | €61,622 | €60,533 | -€1,089 | -1.8% |
| Tangible fixed assets | 22/27 | €59,822 | €58,733 | -€1,089 | -1.8% |
| Plant, machinery and equipment | 23 | €6,337 | €5,669 | -€668 | -10.5% |
| Furniture and vehicles | 24 | €53,485 | €48,806 | -€4,679 | -8.7% |
| Other tangible fixed assets | 26 | - | €4,259 | +€4,259 | |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €127,471 | €128,645 | +€1,174 | +0.9% |
| Amounts receivable within one year | 40/41 | €34,030 | €24,612 | -€9,417 | -27.7% |
| Trade receivables | 40 | €19,405 | €4,288 | -€15,117 | -77.9% |
| Other amounts receivable | 41 | €14,625 | €20,324 | +€5,700 | +39.0% |
| Cash at bank and in hand | 54/58 | €92,889 | €99,022 | +€6,132 | +6.6% |
| Deferred charges and accrued income | 490/1 | €552 | €5,012 | +€4,459 | +807.7% |
| Total equity and liabilities | 10/49 | €189,093 | €189,179 | +€86 | 0.0% |
| Equity | 10/15 | €112,098 | €102,180 | -€9,917 | -8.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €94,000 | €94,000 | = | 0.0% |
| Distributable reserves | 133 | €94,000 | €94,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,098 | €4,180 | -€9,917 | -70.3% |
| Amounts payable | 17/49 | €76,995 | €86,999 | +€10,003 | +13.0% |
| Amounts payable after more than one year | 17 | €38,691 | €25,635 | -€13,057 | -33.7% |
| Financial debts | 170/4 | €38,691 | €25,635 | -€13,057 | -33.7% |
| Amounts payable within one year | 42/48 | €38,304 | €61,364 | +€23,060 | +60.2% |
| Current portion of amounts payable after more than one year | 42 | €12,990 | €13,057 | +€67 | +0.5% |
| Trade debts | 44 | €17,188 | €40,346 | +€23,158 | +134.7% |
| Suppliers | 440/4 | €17,188 | €40,346 | +€23,158 | +134.7% |
| Advances received on contracts in progress | 46 | €4,961 | - | -€4,961 | |
| Taxes, remuneration and social security | 45 | €3,166 | €7,961 | +€4,795 | +151.5% |
| Taxes | 450/3 | €3,166 | €3,007 | -€159 | -5.0% |
| Remuneration and social security | 454/9 | - | €4,954 | +€4,954 | |
| Remuneration, social security and pensions | 62 | €97,168 | €164,330 | +€67,163 | +69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,814 | €18,728 | +€9,915 | +112.5% |
| Other operating charges | 640/8 | €271 | €464 | +€193 | +71.3% |
| Non-recurring operating charges | 66A | €239 | - | -€239 | |
| Gross operating margin | 9900 | €149,448 | €175,237 | +€25,788 | +17.3% |
| Operating profit (loss) | 9901 | €42,957 | -€8,286 | -€51,243 | |
| Financial income | 75/76B | €2 | €1 | -€1 | -31.8% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -31.8% |
| Financial charges | 65/66B | €1,300 | €1,792 | +€492 | +37.8% |
| Recurring financial charges | 65 | €1,300 | €1,792 | +€492 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €41,659 | -€10,076 | -€51,735 | |
| Income taxes | 67/77 | €13,186 | -€159 | -€13,345 | |
| Profit (loss) for the period | 9904 | €28,473 | -€9,917 | -€38,390 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,473 | -€9,917 | -€38,390 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.