TEAM SQUAD: 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 SQUAD
Largest movements
- Receivables within one year +€156,159
up €156,159 (+20979.6%), from €744 to €156,904
of which Trade receivables: +€153,000
- Stocks and contracts -€60,000
no longer reported in 2025 (was €60,000)
- Cash +€11,482
up €11,482 (+3187.3%), from €360 to €11,843
mainly Advances received (+€100,000) and Stocks and contracts (+€60,000)
- Tangible fixed assets +€6,292
up €6,292 (+106.4%), from €5,916 to €12,208
of which Plant, machinery and equipment: +€11,030
- Advances received +€100,000
new in 2025: €100,000
- Reserves +€27,412
up €27,412 (+417.5%), from €6,565 to €33,977
- Trade debts -€14,499
down €14,499 (-27.0%), from €53,659 to €39,160
- Tax, wage and social debts +€2,000
new in 2025: €2,000
- Purchases and services +€430,980
up €430,980 (+423.3%), from €101,824 to €532,804
- Gross operating margin +€26,500
up €26,500 (+324.1%), from €8,176 to €34,676
- Depreciation +€3,148
up €3,148 (+512.5%), from €614 to €3,762
- Taxes +€1,791
new in 2025: €1,791
- Other operating charges -€859
down €859 (-87.5%), from €982 to €123
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 | €67,818 | €182,731 | +€114,913 | +169.4% |
| Fixed assets | 21/28 | €5,916 | €12,208 | +€6,292 | +106.4% |
| Tangible fixed assets | 22/27 | €5,916 | €12,208 | +€6,292 | +106.4% |
| Plant, machinery and equipment | 23 | - | €11,030 | +€11,030 | |
| Furniture and vehicles | 24 | €5,916 | €1,178 | -€4,738 | -80.1% |
| Current assets | 29/58 | €61,903 | €170,524 | +€108,621 | +175.5% |
| Stocks and contracts in progress | 3 | €60,000 | - | -€60,000 | |
| Stocks | 30/36 | €60,000 | - | -€60,000 | |
| Amounts receivable within one year | 40/41 | €744 | €156,904 | +€156,159 | +20979.6% |
| Trade receivables | 40 | - | €153,000 | +€153,000 | |
| Other amounts receivable | 41 | €744 | €3,904 | +€3,159 | +424.4% |
| Cash at bank and in hand | 54/58 | €360 | €11,843 | +€11,482 | +3187.3% |
| Deferred charges and accrued income | 490/1 | €798 | €1,777 | +€979 | +122.7% |
| Total equity and liabilities | 10/49 | €67,818 | €182,731 | +€114,913 | +169.4% |
| Equity | 10/15 | €14,065 | €41,477 | +€27,412 | +194.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Capital | 10 | €7,500 | €7,500 | = | 0.0% |
| Issued capital | 100 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €6,565 | €33,977 | +€27,412 | +417.5% |
| Distributable reserves | 133 | €6,565 | €33,977 | +€27,412 | +417.5% |
| Amounts payable | 17/49 | €53,753 | €141,254 | +€87,501 | +162.8% |
| Amounts payable within one year | 42/48 | €53,753 | €141,254 | +€87,501 | +162.8% |
| Trade debts | 44 | €53,659 | €39,160 | -€14,499 | -27.0% |
| Suppliers | 440/4 | €53,659 | €39,160 | -€14,499 | -27.0% |
| Advances received on contracts in progress | 46 | - | €100,000 | +€100,000 | |
| Taxes, remuneration and social security | 45 | - | €2,000 | +€2,000 | |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €95 | €95 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €101,824 | €532,804 | +€430,980 | +423.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €614 | €3,762 | +€3,148 | +512.5% |
| Other operating charges | 640/8 | €982 | €123 | -€859 | -87.5% |
| Non-recurring operating charges | 66A | - | €916 | +€916 | |
| Gross operating margin | 9900 | €8,176 | €34,676 | +€26,500 | +324.1% |
| Operating profit (loss) | 9901 | €6,580 | €29,875 | +€23,295 | +354.0% |
| Financial income | 75/76B | €0 | €1 | +€0 | +83.3% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +83.3% |
| Financial charges | 65/66B | €15 | €673 | +€658 | +4381.1% |
| Recurring financial charges | 65 | €15 | €673 | +€658 | +4381.1% |
| Profit (loss) for the period before taxes | 9903 | €6,565 | €29,202 | +€22,637 | +344.8% |
| Income taxes | 67/77 | - | €1,791 | +€1,791 | |
| Profit (loss) for the period | 9904 | €6,565 | €27,412 | +€20,847 | +317.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,565 | €27,412 | +€20,847 | +317.5% |
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 2 October 2026 via checked.be.