TEAM TECH: 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 TECH
Largest movements
- Tangible fixed assets -€13,937
down €13,937 (-3.0%), from €461,062 to €447,125
of which Land and buildings: -€10,152
- Cash -€13,521
down €13,521 (-15.6%), from €86,559 to €73,038
mainly Net result for the year (-€27,029) and Trade debts (-€5,202)
- Receivables within one year -€7,396
down €7,396 (-30.1%), from €24,554 to €17,159
of which Trade receivables: -€5,397
- Profit (loss) carried forward -€22,093
down €22,093 (-65.3%), from €33,814 to €11,721
- Gross operating margin -€220,427
down €220,427 (-96.1%), from €229,411 to €8,984
- Other operating charges -€48,442
down €48,442 (-95.1%), from €50,952 to €2,511
- Depreciation +€4,971
up €4,971 (+42.6%), from €11,655 to €16,626
- Financial charges -€4,381
down €4,381 (-19.5%), from €22,482 to €18,101
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 | €573,148 | €538,371 | -€34,777 | -6.1% |
| Fixed assets | 21/28 | €461,062 | €447,125 | -€13,937 | -3.0% |
| Tangible fixed assets | 22/27 | €461,062 | €447,125 | -€13,937 | -3.0% |
| Land and buildings | 22 | €370,955 | €360,803 | -€10,152 | -2.7% |
| Furniture and vehicles | 24 | €136 | €2 | -€134 | -98.6% |
| Other tangible fixed assets | 26 | €89,972 | €86,320 | -€3,651 | -4.1% |
| Current assets | 29/58 | €112,086 | €91,246 | -€20,840 | -18.6% |
| Amounts receivable within one year | 40/41 | €24,554 | €17,159 | -€7,396 | -30.1% |
| Trade receivables | 40 | €5,397 | - | -€5,397 | |
| Other amounts receivable | 41 | €19,158 | €17,159 | -€1,999 | -10.4% |
| Cash at bank and in hand | 54/58 | €86,559 | €73,038 | -€13,521 | -15.6% |
| Deferred charges and accrued income | 490/1 | €972 | €1,049 | +€77 | +7.9% |
| Total equity and liabilities | 10/49 | €573,148 | €538,371 | -€34,777 | -6.1% |
| Equity | 10/15 | €226,909 | €199,880 | -€27,029 | -11.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Capital | 10 | €31,000 | €31,000 | = | 0.0% |
| Issued capital | 100 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €162,096 | €157,159 | -€4,937 | -3.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Legal reserve | 130 | €3,100 | €3,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €158,996 | €154,059 | -€4,937 | -3.1% |
| Profit (loss) carried forward | 14 | €33,814 | €11,721 | -€22,093 | -65.3% |
| Provisions and deferred taxes | 16 | €52,999 | €51,353 | -€1,646 | -3.1% |
| Deferred taxes | 168 | €52,999 | €51,353 | -€1,646 | -3.1% |
| Amounts payable | 17/49 | €293,240 | €287,138 | -€6,102 | -2.1% |
| Amounts payable after more than one year | 17 | €243,707 | €249,037 | +€5,330 | +2.2% |
| Financial debts | 170/4 | €243,707 | €249,037 | +€5,330 | +2.2% |
| Amounts payable within one year | 42/48 | €48,460 | €37,101 | -€11,358 | -23.4% |
| Financial debts | 43 | €3,453 | €1,716 | -€1,737 | -50.3% |
| Credit institutions | 430/8 | €3,453 | €1,716 | -€1,737 | -50.3% |
| Trade debts | 44 | €6,487 | €1,285 | -€5,202 | -80.2% |
| Suppliers | 440/4 | €6,487 | €1,285 | -€5,202 | -80.2% |
| Taxes, remuneration and social security | 45 | €8,897 | €5,729 | -€3,168 | -35.6% |
| Taxes | 450/3 | €8,897 | €5,729 | -€3,168 | -35.6% |
| Other amounts payable | 47/48 | €29,623 | €28,371 | -€1,251 | -4.2% |
| Accrued charges and deferred income | 492/3 | €1,073 | €1,000 | -€73 | -6.8% |
| Non-recurring operating income | 76A | €217,211 | - | -€217,211 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,655 | €16,626 | +€4,971 | +42.6% |
| Other operating charges | 640/8 | €50,952 | €2,511 | -€48,442 | -95.1% |
| Gross operating margin | 9900 | €229,411 | €8,984 | -€220,427 | -96.1% |
| Operating profit (loss) | 9901 | €166,803 | -€10,153 | -€176,956 | |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €22,482 | €18,101 | -€4,381 | -19.5% |
| Recurring financial charges | 65 | €22,482 | €18,101 | -€4,381 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €144,321 | -€28,212 | -€172,533 | |
| Transfer from deferred taxes | 780 | €1,304 | €1,646 | +€341 | +26.2% |
| Transfer to deferred taxes | 680 | €54,303 | - | -€54,303 | |
| Income taxes | 67/77 | €371 | €463 | +€93 | +25.0% |
| Profit (loss) for the period | 9904 | €90,952 | -€27,029 | -€117,981 | |
| Transfer from tax-exempt reserves | 789 | €3,912 | €4,937 | +€1,024 | +26.2% |
| Transfer to tax-exempt reserves | 689 | €162,908 | - | -€162,908 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,044 | -€22,093 | +€45,951 | +67.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.