Team Engineering: 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 Engineering
Largest movements
- Cash -€26,909
down €26,909 (-48.4%), from €55,585 to €28,676
mainly Net result for the year (-€46,092) and Current portion of long-term debt (-€7,380)
- Current investments -€12,521
no longer reported in 2025 (was €12,521)
- Receivables within one year -€12,249
down €12,249 (-88.8%), from €13,787 to €1,538
of which Trade receivables: -€13,552
- Tangible fixed assets -€7,098
down €7,098 (-45.7%), from €15,541 to €8,443
- Profit (loss) carried forward -€29,488
new in 2025: -€29,488
- Reserves -€16,604
down €16,604 (-24.6%), from €67,604 to €51,000
- Current portion of long-term debt -€7,380
down €7,380 (-83.3%), from €8,864 to €1,484
- Trade debts -€7,127
down €7,127 (-92.7%), from €7,691 to €565
- Tax, wage and social debts +€2,144
up €2,144 (+33.8%), from €6,340 to €8,484
of which Remuneration and social security: +€3,595
- Gross operating margin -€68,642
down €68,642, from €28,609 to -€40,033
- Taxes -€4,399
down €4,399 (-96.9%), from €4,540 to €141
- Financial income +€2,635
up €2,635 (+11299.4%), from €23 to €2,658
- Other operating charges +€411
up €411 (+73.4%), from €560 to €971
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 | €100,629 | €41,690 | -€58,939 | -58.6% |
| Fixed assets | 21/28 | €16,338 | €9,926 | -€6,412 | -39.2% |
| Intangible fixed assets | 21 | - | €686 | +€686 | |
| Tangible fixed assets | 22/27 | €15,541 | €8,443 | -€7,098 | -45.7% |
| Furniture and vehicles | 24 | €15,541 | €8,443 | -€7,098 | -45.7% |
| Financial fixed assets | 28 | €797 | €797 | = | 0.0% |
| Current assets | 29/58 | €84,291 | €31,764 | -€52,527 | -62.3% |
| Amounts receivable within one year | 40/41 | €13,787 | €1,538 | -€12,249 | -88.8% |
| Trade receivables | 40 | €13,552 | - | -€13,552 | |
| Other amounts receivable | 41 | €235 | €1,538 | +€1,303 | +554.6% |
| Current investments | 50/53 | €12,521 | - | -€12,521 | |
| Cash at bank and in hand | 54/58 | €55,585 | €28,676 | -€26,909 | -48.4% |
| Deferred charges and accrued income | 490/1 | €2,398 | €1,550 | -€847 | -35.3% |
| Total equity and liabilities | 10/49 | €100,629 | €41,690 | -€58,939 | -58.6% |
| Equity | 10/15 | €72,604 | €26,512 | -€46,092 | -63.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,604 | €51,000 | -€16,604 | -24.6% |
| Distributable reserves | 133 | €67,604 | €51,000 | -€16,604 | -24.6% |
| Profit (loss) carried forward | 14 | - | -€29,488 | -€29,488 | |
| Amounts payable | 17/49 | €28,025 | €15,178 | -€12,847 | -45.8% |
| Amounts payable after more than one year | 17 | €743 | - | -€743 | |
| Financial debts | 170/4 | €743 | - | -€743 | |
| Amounts payable within one year | 42/48 | €26,539 | €14,435 | -€12,104 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €8,864 | €1,484 | -€7,380 | -83.3% |
| Trade debts | 44 | €7,691 | €565 | -€7,127 | -92.7% |
| Suppliers | 440/4 | €7,691 | €565 | -€7,127 | -92.7% |
| Taxes, remuneration and social security | 45 | €6,340 | €8,484 | +€2,144 | +33.8% |
| Taxes | 450/3 | €6,340 | €4,889 | -€1,451 | -22.9% |
| Remuneration and social security | 454/9 | - | €3,595 | +€3,595 | |
| Other amounts payable | 47/48 | €3,644 | €3,902 | +€258 | +7.1% |
| Accrued charges and deferred income | 492/3 | €743 | €743 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,098 | €7,162 | +€64 | +0.9% |
| Other operating charges | 640/8 | €560 | €971 | +€411 | +73.4% |
| Gross operating margin | 9900 | €28,609 | -€40,033 | -€68,642 | |
| Operating profit (loss) | 9901 | €20,950 | -€48,166 | -€69,117 | |
| Financial income | 75/76B | €23 | €2,658 | +€2,635 | +11299.4% |
| Recurring financial income | 75 | €23 | €2,658 | +€2,635 | +11299.4% |
| Financial charges | 65/66B | €384 | €443 | +€59 | +15.2% |
| Recurring financial charges | 65 | €384 | €443 | +€59 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €20,590 | -€45,951 | -€66,540 | |
| Income taxes | 67/77 | €4,540 | €141 | -€4,399 | -96.9% |
| Profit (loss) for the period | 9904 | €16,050 | -€46,092 | -€62,141 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,050 | -€46,092 | -€62,141 |
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 3 October 2026 via checked.be.