TEAM1 Electronics: 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.
TEAM1 Electronics
Largest movements
- Tangible fixed assets -€25,701
down €25,701 (-34.5%), from €74,575 to €48,875
of which Furniture and vehicles: -€21,616
- Cash +€3,842
up €3,842 (+5.3%), from €72,234 to €76,076
mainly Depreciation (+€26,288) and Net result for the year (+€10,237)
- Receivables within one year +€2,476
up €2,476 (+17.5%), from €14,124 to €16,600
of which Trade receivables: +€1,507
- Tax, wage and social debts -€8,167
down €8,167 (-86.7%), from €9,422 to €1,255
- Reserves -€7,800
down €7,800 (-8.0%), from €97,805 to €90,005
of which Distributable reserves: -€7,800
- Other debts -€2,262
down €2,262 (-7.7%), from €29,437 to €27,175
- Gross operating margin -€7,927
down €7,927 (-16.0%), from €49,500 to €41,573
- Depreciation -€3,338
down €3,338 (-11.3%), from €29,626 to €26,288
- Taxes -€1,304
down €1,304 (-22.7%), from €5,755 to €4,451
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 | €162,615 | €143,232 | -€19,383 | -11.9% |
| Fixed assets | 21/28 | €74,575 | €48,875 | -€25,701 | -34.5% |
| Tangible fixed assets | 22/27 | €74,575 | €48,875 | -€25,701 | -34.5% |
| Land and buildings | 22 | €500 | - | -€500 | |
| Plant, machinery and equipment | 23 | €9,134 | €5,549 | -€3,585 | -39.2% |
| Furniture and vehicles | 24 | €64,942 | €43,326 | -€21,616 | -33.3% |
| Current assets | 29/58 | €88,040 | €94,358 | +€6,318 | +7.2% |
| Amounts receivable within one year | 40/41 | €14,124 | €16,600 | +€2,476 | +17.5% |
| Trade receivables | 40 | €12,524 | €14,031 | +€1,507 | +12.0% |
| Other amounts receivable | 41 | €1,600 | €2,569 | +€969 | +60.6% |
| Cash at bank and in hand | 54/58 | €72,234 | €76,076 | +€3,842 | +5.3% |
| Deferred charges and accrued income | 490/1 | €1,682 | €1,682 | = | 0.0% |
| Total equity and liabilities | 10/49 | €162,615 | €143,232 | -€19,383 | -11.9% |
| Equity | 10/15 | €120,136 | €112,373 | -€7,763 | -6.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €97,805 | €90,005 | -€7,800 | -8.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €95,805 | €88,005 | -€7,800 | -8.1% |
| Profit (loss) carried forward | 14 | €2,331 | €2,368 | +€37 | +1.6% |
| Amounts payable | 17/49 | €42,479 | €30,859 | -€11,619 | -27.4% |
| Amounts payable within one year | 42/48 | €42,479 | €30,859 | -€11,619 | -27.4% |
| Trade debts | 44 | €3,619 | €2,429 | -€1,190 | -32.9% |
| Suppliers | 440/4 | €3,619 | €2,429 | -€1,190 | -32.9% |
| Taxes, remuneration and social security | 45 | €9,422 | €1,255 | -€8,167 | -86.7% |
| Taxes | 450/3 | €9,422 | €1,255 | -€8,167 | -86.7% |
| Other amounts payable | 47/48 | €29,437 | €27,175 | -€2,262 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,626 | €26,288 | -€3,338 | -11.3% |
| Other operating charges | 640/8 | €187 | €192 | +€4 | +2.3% |
| Gross operating margin | 9900 | €49,500 | €41,573 | -€7,927 | -16.0% |
| Operating profit (loss) | 9901 | €19,687 | €15,094 | -€4,593 | -23.3% |
| Financial income | 75/76B | €0 | €2 | +€2 | +328.3% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +328.3% |
| Financial charges | 65/66B | €374 | €408 | +€34 | +9.2% |
| Recurring financial charges | 65 | €374 | €408 | +€34 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €19,313 | €14,688 | -€4,626 | -24.0% |
| Income taxes | 67/77 | €5,755 | €4,451 | -€1,304 | -22.7% |
| Profit (loss) for the period | 9904 | €13,558 | €10,237 | -€3,322 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,558 | €10,237 | -€3,322 | -24.5% |
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 1 October 2026 via checked.be.