TEAMTRAC: 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.
TEAMTRAC
Largest movements
- Cash +€89,180
up €89,180 (+39.6%), from €225,377 to €314,557
mainly Net result for the year (+€180,434) and Depreciation (+€53,809)
- Tangible fixed assets -€27,340
down €27,340 (-19.4%), from €141,040 to €113,701
of which Land and buildings: -€36,699
- Reserves +€70,705
up €70,705 (+9.3%), from €757,691 to €828,396
- Tax, wage and social debts +€10,082
up €10,082 (+35.1%), from €28,755 to €38,837
- Gross operating margin +€62,070
up €62,070 (+25.2%), from €246,203 to €308,273
- Taxes +€22,110
up €22,110 (+38.9%), from €56,817 to €78,927
- Financial income +€8,961
up €8,961 (+130%), from €6,909 to €15,869
- Depreciation -€4,300
down €4,300 (-7.4%), from €58,109 to €53,809
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 | €917,638 | €993,019 | +€75,382 | +8.2% |
| Fixed assets | 21/28 | €141,040 | €113,701 | -€27,340 | -19.4% |
| Tangible fixed assets | 22/27 | €141,040 | €113,701 | -€27,340 | -19.4% |
| Land and buildings | 22 | €128,385 | €91,686 | -€36,699 | -28.6% |
| Furniture and vehicles | 24 | €12,655 | €22,015 | +€9,360 | +74.0% |
| Current assets | 29/58 | €776,597 | €879,319 | +€102,721 | +13.2% |
| Amounts receivable within one year | 40/41 | €6,421 | €13,900 | +€7,479 | +116% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €6,421 | €13,900 | +€7,479 | +116% |
| Current investments | 50/53 | €542,231 | €548,430 | +€6,199 | +1.1% |
| Cash at bank and in hand | 54/58 | €225,377 | €314,557 | +€89,180 | +39.6% |
| Deferred charges and accrued income | 490/1 | €2,568 | €2,431 | -€137 | -5.3% |
| Total equity and liabilities | 10/49 | €917,638 | €993,019 | +€75,382 | +8.2% |
| Equity | 10/15 | €773,100 | €843,805 | +€70,705 | +9.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €757,691 | €828,396 | +€70,705 | +9.3% |
| Distributable reserves | 133 | €757,691 | €828,396 | +€70,705 | +9.3% |
| Profit (loss) carried forward | 14 | €3,009 | €3,009 | = | 0.0% |
| Amounts payable | 17/49 | €144,538 | €149,215 | +€4,677 | +3.2% |
| Amounts payable within one year | 42/48 | €136,219 | €133,752 | -€2,467 | -1.8% |
| Trade debts | 44 | €6,333 | €1,909 | -€4,424 | -69.9% |
| Suppliers | 440/4 | €6,333 | €1,909 | -€4,424 | -69.9% |
| Taxes, remuneration and social security | 45 | €28,755 | €38,837 | +€10,082 | +35.1% |
| Taxes | 450/3 | €28,755 | €38,837 | +€10,082 | +35.1% |
| Other amounts payable | 47/48 | €101,131 | €93,007 | -€8,125 | -8.0% |
| Accrued charges and deferred income | 492/3 | €8,319 | €15,462 | +€7,143 | +85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,109 | €53,809 | -€4,300 | -7.4% |
| Other operating charges | 640/8 | €3,291 | €3,441 | +€149 | +4.5% |
| Gross operating margin | 9900 | €246,203 | €308,273 | +€62,070 | +25.2% |
| Operating profit (loss) | 9901 | €184,803 | €251,024 | +€66,221 | +35.8% |
| Financial income | 75/76B | €6,909 | €15,869 | +€8,961 | +130% |
| Recurring financial income | 75 | €6,909 | €15,869 | +€8,961 | +130% |
| Financial charges | 65/66B | €8,463 | €7,532 | -€931 | -11.0% |
| Recurring financial charges | 65 | €8,463 | €7,532 | -€931 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €183,248 | €259,361 | +€76,113 | +41.5% |
| Income taxes | 67/77 | €56,817 | €78,927 | +€22,110 | +38.9% |
| Profit (loss) for the period | 9904 | €126,431 | €180,434 | +€54,003 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €126,431 | €180,434 | +€54,003 | +42.7% |
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.