Team Twenty Two: 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 Twenty Two
Largest movements
- Cash +€3,499
up €3,499 (+27.3%), from €12,803 to €16,302
mainly Net result for the year (+€9,712) and Depreciation (+€1,703)
- Tangible fixed assets -€1,275
down €1,275 (-22.1%), from €5,782 to €4,507
of which Plant, machinery and equipment: -€1,029
- Formation expenses -€427
down €427 (-23.3%), from €1,833 to €1,406
- Reserves +€8,046
up €8,046 (+73.8%), from €10,899 to €18,945
- Tax, wage and social debts -€4,489
down €4,489 (-34.5%), from €13,027 to €8,538
- Other debts -€1,283
down €1,283 (-44.0%), from €2,918 to €1,635
- Accrued charges and deferred income -€794
down €794 (-100.0%), from €794 to €0
- Trade debts +€455
up €455 (+42.2%), from €1,077 to €1,532
- Depreciation +€805
up €805 (+89.6%), from €898 to €1,703
- Gross operating margin -€652
down €652 (-3.9%), from €16,611 to €15,958
- Other operating charges -€423
down €423 (-39.5%), from €1,069 to €647
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 | €32,215 | €34,150 | +€1,935 | +6.0% |
| Formation expenses | 20 | €1,833 | €1,406 | -€427 | -23.3% |
| Fixed assets | 21/28 | €6,382 | €5,107 | -€1,275 | -20.0% |
| Tangible fixed assets | 22/27 | €5,782 | €4,507 | -€1,275 | -22.1% |
| Plant, machinery and equipment | 23 | €4,597 | €3,568 | -€1,029 | -22.4% |
| Furniture and vehicles | 24 | €1,186 | €939 | -€247 | -20.8% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €23,999 | €27,637 | +€3,638 | +15.2% |
| Amounts receivable within one year | 40/41 | €10,644 | €10,745 | +€101 | +1.0% |
| Trade receivables | 40 | €10,467 | €10,745 | +€278 | +2.7% |
| Other amounts receivable | 41 | €177 | €0 | -€177 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,803 | €16,302 | +€3,499 | +27.3% |
| Deferred charges and accrued income | 490/1 | €553 | €591 | +€37 | +6.8% |
| Total equity and liabilities | 10/49 | €32,215 | €34,150 | +€1,935 | +6.0% |
| Equity | 10/15 | €14,399 | €22,445 | +€8,046 | +55.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €10,899 | €18,945 | +€8,046 | +73.8% |
| Distributable reserves | 133 | €10,899 | €18,945 | +€8,046 | +73.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,816 | €11,705 | -€6,111 | -34.3% |
| Amounts payable within one year | 42/48 | €17,022 | €11,705 | -€5,317 | -31.2% |
| Trade debts | 44 | €1,077 | €1,532 | +€455 | +42.2% |
| Suppliers | 440/4 | €1,077 | €1,532 | +€455 | +42.2% |
| Taxes, remuneration and social security | 45 | €13,027 | €8,538 | -€4,489 | -34.5% |
| Taxes | 450/3 | €13,027 | €8,538 | -€4,489 | -34.5% |
| Other amounts payable | 47/48 | €2,918 | €1,635 | -€1,283 | -44.0% |
| Accrued charges and deferred income | 492/3 | €794 | €0 | -€794 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €898 | €1,703 | +€805 | +89.6% |
| Other operating charges | 640/8 | €1,069 | €647 | -€423 | -39.5% |
| Gross operating margin | 9900 | €16,611 | €15,958 | -€652 | -3.9% |
| Operating profit (loss) | 9901 | €14,643 | €13,609 | -€1,034 | -7.1% |
| Financial charges | 65/66B | €396 | €558 | +€161 | +40.8% |
| Recurring financial charges | 65 | €396 | €558 | +€161 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €14,247 | €13,051 | -€1,196 | -8.4% |
| Income taxes | 67/77 | €3,348 | €3,339 | -€9 | -0.3% |
| Profit (loss) for the period | 9904 | €10,899 | €9,712 | -€1,187 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,899 | €9,712 | -€1,187 | -10.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.