TEAM VS ELEC: 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 VS ELEC
Largest movements
- Receivables within one year +€15,685
up €15,685 (+21.9%), from €71,541 to €87,226
of which Other amounts receivable: +€10,555
- Tangible fixed assets -€7,779
down €7,779 (-45.2%), from €17,223 to €9,444
of which Furniture and vehicles: -€7,605
- Cash +€2,768
up €2,768 (+55.6%), from €4,979 to €7,747
mainly Net result for the year (+€29,292) and Trade debts (+€11,881)
- Trade debts +€11,881
up €11,881 (+86.1%), from €13,792 to €25,673
- Debts after one year -€9,776
down €9,776 (-85.6%), from €11,426 to €1,650
- Tax, wage and social debts +€9,577
up €9,577 (+134.7%), from €7,109 to €16,686
of which Taxes: +€10,577
- Profit (loss) carried forward -€1,196
down €1,196 (-6.3%), from €18,967 to €17,772
- Other debts +€1,076
up €1,076 (+3.7%), from €29,412 to €30,488
- Gross operating margin +€17,659
up €17,659 (+55.4%), from €31,893 to €49,552
- Taxes +€5,374
up €5,374 (+95.0%), from €5,656 to €11,030
- Other operating charges +€2,765
up €2,765 (+515.7%), from €536 to €3,301
- Financial income +€512
up €512 (+22.3%), from €2,298 to €2,810
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 | €95,273 | €107,044 | +€11,771 | +12.4% |
| Fixed assets | 21/28 | €17,223 | €9,501 | -€7,722 | -44.8% |
| Tangible fixed assets | 22/27 | €17,223 | €9,444 | -€7,779 | -45.2% |
| Plant, machinery and equipment | 23 | €455 | €280 | -€174 | -38.4% |
| Furniture and vehicles | 24 | €16,769 | €9,164 | -€7,605 | -45.4% |
| Financial fixed assets | 28 | - | €57 | +€57 | |
| Current assets | 29/58 | €78,050 | €97,543 | +€19,494 | +25.0% |
| Amounts receivable within one year | 40/41 | €71,541 | €87,226 | +€15,685 | +21.9% |
| Trade receivables | 40 | €24,324 | €29,454 | +€5,130 | +21.1% |
| Other amounts receivable | 41 | €47,217 | €57,772 | +€10,555 | +22.4% |
| Cash at bank and in hand | 54/58 | €4,979 | €7,747 | +€2,768 | +55.6% |
| Deferred charges and accrued income | 490/1 | €1,531 | €2,571 | +€1,040 | +68.0% |
| Total equity and liabilities | 10/49 | €95,273 | €107,044 | +€11,771 | +12.4% |
| Equity | 10/15 | €23,967 | €22,772 | -€1,196 | -5.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,967 | €17,772 | -€1,196 | -6.3% |
| Amounts payable | 17/49 | €71,306 | €84,273 | +€12,967 | +18.2% |
| Amounts payable after more than one year | 17 | €11,426 | €1,650 | -€9,776 | -85.6% |
| Financial debts | 170/4 | €11,426 | €1,650 | -€9,776 | -85.6% |
| Amounts payable within one year | 42/48 | €59,879 | €82,623 | +€22,743 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | €9,567 | €9,776 | +€210 | +2.2% |
| Trade debts | 44 | €13,792 | €25,673 | +€11,881 | +86.1% |
| Suppliers | 440/4 | €13,792 | €25,673 | +€11,881 | +86.1% |
| Taxes, remuneration and social security | 45 | €7,109 | €16,686 | +€9,577 | +134.7% |
| Taxes | 450/3 | €6,109 | €16,686 | +€10,577 | +173.1% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €29,412 | €30,488 | +€1,076 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,941 | €8,179 | +€238 | +3.0% |
| Other operating charges | 640/8 | €536 | €3,301 | +€2,765 | +515.7% |
| Non-recurring operating charges | 66A | €360 | €63 | -€297 | -82.4% |
| Gross operating margin | 9900 | €31,893 | €49,552 | +€17,659 | +55.4% |
| Operating profit (loss) | 9901 | €23,056 | €38,008 | +€14,952 | +64.9% |
| Financial income | 75/76B | €2,298 | €2,810 | +€512 | +22.3% |
| Recurring financial income | 75 | €2,298 | €2,810 | +€512 | +22.3% |
| Financial charges | 65/66B | €873 | €496 | -€377 | -43.2% |
| Recurring financial charges | 65 | €873 | €496 | -€377 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €24,481 | €40,322 | +€15,841 | +64.7% |
| Income taxes | 67/77 | €5,656 | €11,030 | +€5,374 | +95.0% |
| Profit (loss) for the period | 9904 | €18,826 | €29,292 | +€10,467 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,826 | €29,292 | +€10,467 | +55.6% |
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.