TEAMDJ: 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.
TEAMDJ
Largest movements
- Receivables after one year +€48,362
up €48,362 (+107%), from €45,000 to €93,362
- Cash -€38,858
down €38,858 (-40.7%), from €95,401 to €56,543
mainly Receivables after one year (-€48,362) and Investment in fixed assets (net) (-€43,418)
- Tangible fixed assets +€36,434
up €36,434 (+177%), from €20,593 to €57,026
of which Furniture and vehicles: +€18,706
- Reserves +€54,116
up €54,116 (+84.6%), from €63,977 to €118,094
- Trade debts +€8,577
up €8,577 (+49.4%), from €17,368 to €25,946
- Debts after one year -€7,000
down €7,000 (-25.0%), from €28,000 to €21,000
- Short-term financial debts -€5,000
down €5,000 (-14.7%), from €34,031 to €29,031
- Gross operating margin -€8,902
down €8,902 (-5.7%), from €155,096 to €146,193
- Other operating charges +€4,230
up €4,230 (+91.7%), from €4,613 to €8,843
- Financial income +€3,854
up €3,854 (+2,111%), from €183 to €4,037
- Taxes -€3,236
down €3,236 (-13.1%), from €24,747 to €21,511
- Staff costs +€1,974
up €1,974 (+3.7%), from €52,932 to €54,906
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 | €175,840 | €224,675 | +€48,835 | +27.8% |
| Fixed assets | 21/28 | €20,593 | €57,026 | +€36,434 | +177% |
| Tangible fixed assets | 22/27 | €20,593 | €57,026 | +€36,434 | +177% |
| Plant, machinery and equipment | 23 | €20,593 | €25,218 | +€4,626 | +22.5% |
| Furniture and vehicles | 24 | - | €18,706 | +€18,706 | |
| Other tangible fixed assets | 26 | - | €13,102 | +€13,102 | |
| Current assets | 29/58 | €155,247 | €167,648 | +€12,401 | +8.0% |
| Amounts receivable after more than one year | 29 | €45,000 | €93,362 | +€48,362 | +107% |
| Other amounts receivable | 291 | €45,000 | €93,362 | +€48,362 | +107% |
| Stocks and contracts in progress | 3 | €5,408 | €6,323 | +€915 | +16.9% |
| Stocks | 30/36 | €5,408 | €6,323 | +€915 | +16.9% |
| Amounts receivable within one year | 40/41 | €9,396 | €10,121 | +€725 | +7.7% |
| Other amounts receivable | 41 | €9,396 | €10,121 | +€725 | +7.7% |
| Cash at bank and in hand | 54/58 | €95,401 | €56,543 | -€38,858 | -40.7% |
| Deferred charges and accrued income | 490/1 | €42 | €1,299 | +€1,257 | +3,016% |
| Total equity and liabilities | 10/49 | €175,840 | €224,675 | +€48,835 | +27.8% |
| Equity | 10/15 | €73,977 | €128,094 | +€54,116 | +73.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Share premium | 1100/10 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €63,977 | €118,094 | +€54,116 | +84.6% |
| Distributable reserves | 133 | €63,977 | €118,094 | +€54,116 | +84.6% |
| Amounts payable | 17/49 | €101,862 | €96,581 | -€5,281 | -5.2% |
| Amounts payable after more than one year | 17 | €28,000 | €21,000 | -€7,000 | -25.0% |
| Financial debts | 170/4 | €28,000 | €21,000 | -€7,000 | -25.0% |
| Amounts payable within one year | 42/48 | €72,112 | €75,581 | +€3,469 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €7,000 | = | 0.0% |
| Financial debts | 43 | €34,031 | €29,031 | -€5,000 | -14.7% |
| Credit institutions | 430/8 | €34,031 | €29,031 | -€5,000 | -14.7% |
| Trade debts | 44 | €17,368 | €25,946 | +€8,577 | +49.4% |
| Suppliers | 440/4 | €17,368 | €25,946 | +€8,577 | +49.4% |
| Taxes, remuneration and social security | 45 | €11,913 | €10,005 | -€1,909 | -16.0% |
| Taxes | 450/3 | €9,180 | €4,331 | -€4,849 | -52.8% |
| Remuneration and social security | 454/9 | €2,733 | €5,673 | +€2,940 | +108% |
| Other amounts payable | 47/48 | €1,800 | €3,600 | +€1,800 | +100% |
| Accrued charges and deferred income | 492/3 | €1,750 | - | -€1,750 | |
| Non-recurring operating income | 76A | - | €2,787 | +€2,787 | |
| Remuneration, social security and pensions | 62 | €52,932 | €54,906 | +€1,974 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,498 | €6,984 | +€1,486 | +27.0% |
| Other operating charges | 640/8 | €4,613 | €8,843 | +€4,230 | +91.7% |
| Gross operating margin | 9900 | €155,096 | €146,193 | -€8,902 | -5.7% |
| Operating profit (loss) | 9901 | €92,052 | €75,460 | -€16,592 | -18.0% |
| Financial income | 75/76B | €183 | €4,037 | +€3,854 | +2,111% |
| Recurring financial income | 75 | €183 | €4,037 | +€3,854 | +2,111% |
| Financial charges | 65/66B | €1,710 | €2,069 | +€359 | +21.0% |
| Recurring financial charges | 65 | €1,710 | €2,069 | +€359 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €90,524 | €77,427 | -€13,097 | -14.5% |
| Income taxes | 67/77 | €24,747 | €21,511 | -€3,236 | -13.1% |
| Profit (loss) for the period | 9904 | €65,777 | €55,916 | -€9,861 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,777 | €55,916 | -€9,861 | -15.0% |
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 14 October 2026 via checked.be.