TEAM SOLUTIONS: what changed
TEAM SOLUTIONS
Largest movements
- Cash -€67,793
down €67,793 (-40.0%), from €169,555 to €101,762
mainly Contributions, distributions and other (-€42,857) and Receivables within one year (-€28,337)
- Tangible fixed assets -€28,616
down €28,616 (-38.8%), from €73,721 to €45,105
of which Furniture and vehicles: -€17,586
- Receivables within one year +€28,337
up €28,337 (+6.5%), from €435,732 to €464,068
of which Trade receivables: +€15,653
- Intangible fixed assets +€9,653
up €9,653 (+16.3%), from €59,342 to €68,996
- Reserves -€41,167
down €41,167 (-7.8%), from €528,870 to €487,704
of which Distributable reserves: -€41,167
- Trade debts +€37,077
up €37,077 (+77.4%), from €47,925 to €85,002
- Current portion of long-term debt -€22,436
down €22,436 (-50.0%), from €44,861 to €22,425
- Debts after one year -€22,425
down €22,425 (-64.8%), from €34,621 to €12,196
- Gross operating margin -€78,637
down €78,637 (-9.1%), from €862,845 to €784,208
- Depreciation -€42,320
down €42,320 (-48.7%), from €86,841 to €44,521
- Staff costs -€19,715
down €19,715 (-2.8%), from €715,397 to €695,682
- Write-downs +€17,336
new in 2025: €17,336
- Taxes -€15,727
down €15,727 (-52.1%), from €30,177 to €14,450
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 | €778,689 | €723,177 | -€55,511 | -7.1% |
| Fixed assets | 21/28 | €135,676 | €116,713 | -€18,963 | -14.0% |
| Intangible fixed assets | 21 | €59,342 | €68,996 | +€9,653 | +16.3% |
| Tangible fixed assets | 22/27 | €73,721 | €45,105 | -€28,616 | -38.8% |
| Plant, machinery and equipment | 23 | €3,688 | €521 | -€3,167 | -85.9% |
| Furniture and vehicles | 24 | €40,736 | €23,150 | -€17,586 | -43.2% |
| Leasing and similar rights | 25 | €29,297 | €21,434 | -€7,863 | -26.8% |
| Financial fixed assets | 28 | €2,613 | €2,613 | = | 0.0% |
| Current assets | 29/58 | €643,012 | €606,464 | -€36,548 | -5.7% |
| Amounts receivable within one year | 40/41 | €435,732 | €464,068 | +€28,337 | +6.5% |
| Trade receivables | 40 | €433,391 | €449,044 | +€15,653 | +3.6% |
| Other amounts receivable | 41 | €2,340 | €15,024 | +€12,684 | +542% |
| Cash at bank and in hand | 54/58 | €169,555 | €101,762 | -€67,793 | -40.0% |
| Deferred charges and accrued income | 490/1 | €37,726 | €40,634 | +€2,908 | +7.7% |
| Total equity and liabilities | 10/49 | €778,689 | €723,177 | -€55,511 | -7.1% |
| Equity | 10/15 | €547,470 | €506,304 | -€41,167 | -7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €528,870 | €487,704 | -€41,167 | -7.8% |
| 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 | €527,010 | €485,843 | -€41,167 | -7.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €231,218 | €216,874 | -€14,344 | -6.2% |
| Amounts payable after more than one year | 17 | €34,621 | €12,196 | -€22,425 | -64.8% |
| Financial debts | 170/4 | €34,621 | €12,196 | -€22,425 | -64.8% |
| Amounts payable within one year | 42/48 | €196,597 | €204,678 | +€8,081 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €44,861 | €22,425 | -€22,436 | -50.0% |
| Financial debts | 43 | €139 | €864 | +€726 | +524% |
| Credit institutions | 430/8 | €139 | €864 | +€726 | +524% |
| Trade debts | 44 | €47,925 | €85,002 | +€37,077 | +77.4% |
| Suppliers | 440/4 | €47,925 | €85,002 | +€37,077 | +77.4% |
| Taxes, remuneration and social security | 45 | €103,672 | €96,386 | -€7,286 | -7.0% |
| Taxes | 450/3 | €8,268 | €20,405 | +€12,137 | +147% |
| Remuneration and social security | 454/9 | €95,404 | €75,981 | -€19,423 | -20.4% |
| Non-recurring operating income | 76A | €1,447 | €11,696 | +€10,249 | +708% |
| Remuneration, social security and pensions | 62 | €715,397 | €695,682 | -€19,715 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,841 | €44,521 | -€42,320 | -48.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,336 | +€17,336 | |
| Other operating charges | 640/8 | €3,961 | €3,924 | -€37 | -0.9% |
| Gross operating margin | 9900 | €862,845 | €784,208 | -€78,637 | -9.1% |
| Operating profit (loss) | 9901 | €56,647 | €22,746 | -€33,901 | -59.8% |
| Financial income | 75/76B | €17 | €4 | -€14 | -79.4% |
| Recurring financial income | 75 | €17 | €4 | -€14 | -79.4% |
| Financial charges | 65/66B | €8,042 | €6,608 | -€1,433 | -17.8% |
| Recurring financial charges | 65 | €8,042 | €6,608 | -€1,433 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €48,622 | €16,141 | -€32,482 | -66.8% |
| Income taxes | 67/77 | €30,177 | €14,450 | -€15,727 | -52.1% |
| Profit (loss) for the period | 9904 | €18,445 | €1,690 | -€16,755 | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,445 | €1,690 | -€16,755 | -90.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.