Team Tuesday: 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 Tuesday
Largest movements
- Receivables within one year -€73,224
down €73,224 (-86.7%), from €84,496 to €11,272
of which Trade receivables: -€63,707
- Tangible fixed assets +€31,887
up €31,887 (+230%), from €13,860 to €45,748
of which Furniture and vehicles: +€34,858
- Cash +€9,202
up €9,202 (+10.7%), from €86,325 to €95,528
mainly Receivables within one year (+€73,224) and Net result for the year (+€13,834)
- Reserves -€23,644
down €23,644 (-21.9%), from €108,181 to €84,537
of which Distributable reserves: -€23,644
- Accrued charges and deferred income -€8,879
no longer reported in 2025 (was €8,879)
- Debts after one year +€8,028
new in 2025: €8,028
- Tax, wage and social debts -€3,772
down €3,772 (-21.1%), from €17,855 to €14,084
of which Remuneration and social security: -€4,311
- Trade debts -€3,368
down €3,368 (-49.6%), from €6,786 to €3,418
- Staff costs -€51,571
down €51,571 (-48.5%), from €106,227 to €54,656
- Gross operating margin -€48,834
down €48,834 (-33.4%), from €146,274 to €97,440
- Depreciation +€6,257
up €6,257 (+90.8%), from €6,890 to €13,148
- Taxes -€2,337
down €2,337 (-17.7%), from €13,187 to €10,850
- Other operating charges +€2,318
up €2,318 (+137%), from €1,686 to €4,004
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.
Derived cash bridge
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 | €187,608 | €156,045 | -€31,562 | -16.8% |
| Fixed assets | 21/28 | €15,176 | €47,064 | +€31,887 | +210% |
| Tangible fixed assets | 22/27 | €13,860 | €45,748 | +€31,887 | +230% |
| Plant, machinery and equipment | 23 | €7,349 | €4,378 | -€2,970 | -40.4% |
| Furniture and vehicles | 24 | €6,511 | €41,369 | +€34,858 | +535% |
| Financial fixed assets | 28 | €1,316 | €1,316 | = | 0.0% |
| Current assets | 29/58 | €172,431 | €108,982 | -€63,450 | -36.8% |
| Amounts receivable within one year | 40/41 | €84,496 | €11,272 | -€73,224 | -86.7% |
| Trade receivables | 40 | €72,898 | €9,192 | -€63,707 | -87.4% |
| Other amounts receivable | 41 | €11,597 | €2,080 | -€9,517 | -82.1% |
| Cash at bank and in hand | 54/58 | €86,325 | €95,528 | +€9,202 | +10.7% |
| Deferred charges and accrued income | 490/1 | €1,610 | €2,182 | +€572 | +35.5% |
| Total equity and liabilities | 10/49 | €187,608 | €156,045 | -€31,562 | -16.8% |
| Equity | 10/15 | €146,127 | €122,482 | -€23,644 | -16.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €108,181 | €84,537 | -€23,644 | -21.9% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €108,081 | €84,437 | -€23,644 | -21.9% |
| Profit (loss) carried forward | 14 | €36,945 | €36,945 | = | 0.0% |
| Amounts payable | 17/49 | €41,481 | €33,563 | -€7,918 | -19.1% |
| Amounts payable after more than one year | 17 | - | €8,028 | +€8,028 | |
| Financial debts | 170/4 | - | €8,028 | +€8,028 | |
| Amounts payable within one year | 42/48 | €32,602 | €25,535 | -€7,067 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €3,396 | €6,625 | +€3,230 | +95.1% |
| Trade debts | 44 | €6,786 | €3,418 | -€3,368 | -49.6% |
| Suppliers | 440/4 | €6,786 | €3,418 | -€3,368 | -49.6% |
| Taxes, remuneration and social security | 45 | €17,855 | €14,084 | -€3,772 | -21.1% |
| Taxes | 450/3 | €11,007 | €11,546 | +€540 | +4.9% |
| Remuneration and social security | 454/9 | €6,849 | €2,537 | -€4,311 | -63.0% |
| Other amounts payable | 47/48 | €4,565 | €1,409 | -€3,157 | -69.1% |
| Accrued charges and deferred income | 492/3 | €8,879 | - | -€8,879 | |
| Remuneration, social security and pensions | 62 | €106,227 | €54,656 | -€51,571 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,890 | €13,148 | +€6,257 | +90.8% |
| Other operating charges | 640/8 | €1,686 | €4,004 | +€2,318 | +137% |
| Gross operating margin | 9900 | €146,274 | €97,440 | -€48,834 | -33.4% |
| Operating profit (loss) | 9901 | €31,471 | €25,633 | -€5,838 | -18.5% |
| Financial income | 75/76B | €1 | €59 | +€58 | +4,015% |
| Recurring financial income | 75 | €1 | €59 | +€58 | +4,015% |
| Financial charges | 65/66B | €506 | €1,008 | +€502 | +99.2% |
| Recurring financial charges | 65 | €506 | €1,008 | +€502 | +99.2% |
| Profit (loss) for the period before taxes | 9903 | €30,966 | €24,684 | -€6,282 | -20.3% |
| Income taxes | 67/77 | €13,187 | €10,850 | -€2,337 | -17.7% |
| Profit (loss) for the period | 9904 | €17,780 | €13,834 | -€3,945 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,780 | €13,834 | -€3,945 | -22.2% |
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 28 October 2026 via checked.be.