Team Improve: 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.
Team Improve
Largest movements
- Cash -€152,485
down €152,485 (-83.2%), from €183,315 to €30,830
mainly Contributions, distributions and other (-€175,000) and Other debts (-€110,200)
- Receivables within one year +€34,910
up €34,910 (+13.2%), from €264,732 to €299,641
of which Trade receivables: +€26,391
- Tangible fixed assets -€7,809
down €7,809 (-12.7%), from €61,667 to €53,857
of which Land and buildings: -€5,364
- Other debts -€110,200
down €110,200 (-48.3%), from €228,000 to €117,800
- Trade debts -€23,799
down €23,799 (-16.4%), from €144,854 to €121,055
- Short-term financial debts +€14,679
new in 2025: €14,679
- Gross operating margin -€28,581
down €28,581 (-11.3%), from €252,039 to €223,458
- Taxes +€25,018
up €25,018 (+350.9%), from €7,130 to €32,149
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 | €514,759 | €389,083 | -€125,676 | -24.4% |
| Fixed assets | 21/28 | €62,477 | €54,667 | -€7,809 | -12.5% |
| Tangible fixed assets | 22/27 | €61,667 | €53,857 | -€7,809 | -12.7% |
| Land and buildings | 22 | €42,774 | €37,410 | -€5,364 | -12.5% |
| Plant, machinery and equipment | 23 | €13,698 | €12,322 | -€1,376 | -10.0% |
| Furniture and vehicles | 24 | €5,195 | €4,126 | -€1,069 | -20.6% |
| Financial fixed assets | 28 | €810 | €810 | = | 0.0% |
| Current assets | 29/58 | €452,282 | €334,416 | -€117,867 | -26.1% |
| Amounts receivable within one year | 40/41 | €264,732 | €299,641 | +€34,910 | +13.2% |
| Trade receivables | 40 | €247,157 | €273,548 | +€26,391 | +10.7% |
| Other amounts receivable | 41 | €17,574 | €26,093 | +€8,519 | +48.5% |
| Cash at bank and in hand | 54/58 | €183,315 | €30,830 | -€152,485 | -83.2% |
| Deferred charges and accrued income | 490/1 | €4,236 | €3,944 | -€292 | -6.9% |
| Total equity and liabilities | 10/49 | €514,759 | €389,083 | -€125,676 | -24.4% |
| Equity | 10/15 | €111,022 | €108,641 | -€2,380 | -2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €98,622 | €96,241 | -€2,380 | -2.4% |
| Distributable reserves | 133 | €98,622 | €96,241 | -€2,380 | -2.4% |
| Amounts payable | 17/49 | €403,738 | €280,442 | -€123,296 | -30.5% |
| Amounts payable after more than one year | 17 | €18,487 | €15,443 | -€3,045 | -16.5% |
| Financial debts | 170/4 | €18,487 | €15,443 | -€3,045 | -16.5% |
| Amounts payable within one year | 42/48 | €380,115 | €264,803 | -€115,312 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €4,001 | €3,045 | -€956 | -23.9% |
| Financial debts | 43 | - | €14,679 | +€14,679 | |
| Credit institutions | 430/8 | - | €14,679 | +€14,679 | |
| Trade debts | 44 | €144,854 | €121,055 | -€23,799 | -16.4% |
| Suppliers | 440/4 | €144,854 | €121,055 | -€23,799 | -16.4% |
| Taxes, remuneration and social security | 45 | €3,260 | €8,224 | +€4,964 | +152.3% |
| Taxes | 450/3 | €3,260 | €8,224 | +€4,964 | +152.3% |
| Other amounts payable | 47/48 | €228,000 | €117,800 | -€110,200 | -48.3% |
| Accrued charges and deferred income | 492/3 | €5,135 | €196 | -€4,940 | -96.2% |
| Non-recurring operating income | 76A | - | €1,065 | +€1,065 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,094 | €15,561 | -€532 | -3.3% |
| Other operating charges | 640/8 | €2,587 | €2,075 | -€512 | -19.8% |
| Non-recurring operating charges | 66A | €950 | - | -€950 | |
| Gross operating margin | 9900 | €252,039 | €223,458 | -€28,581 | -11.3% |
| Operating profit (loss) | 9901 | €232,408 | €205,821 | -€26,587 | -11.4% |
| Financial income | 75/76B | €1 | €4 | +€3 | +358.7% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +358.7% |
| Financial charges | 65/66B | €755 | €1,057 | +€303 | +40.1% |
| Recurring financial charges | 65 | €755 | €1,057 | +€303 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €231,654 | €204,768 | -€26,886 | -11.6% |
| Income taxes | 67/77 | €7,130 | €32,149 | +€25,018 | +350.9% |
| Profit (loss) for the period | 9904 | €224,524 | €172,620 | -€51,904 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €224,524 | €172,620 | -€51,904 | -23.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.