TEAMWORK: 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.
TEAMWORK
Largest movements
- Cash +€11,551
up €11,551 (+47.9%), from €24,123 to €35,675
mainly Net result for the year (+€14,496) and Other debts (+€431)
- Receivables within one year +€3,533
up €3,533 (+118.9%), from €2,971 to €6,504
of which Other amounts receivable: +€2,852
- Profit (loss) carried forward +€14,496
up €14,496 (+38.1%), from -€38,081 to -€23,585
- Other debts +€431
up €431 (+20.0%), from €2,150 to €2,581
- Gross operating margin +€19,097
up €19,097, from -€3,361 to €15,736
- Financial charges -€4,617
down €4,617 (-97.7%), from €4,727 to €110
- Depreciation -€2,264
no longer reported in 2025 (was €2,264)
- Other operating charges -€419
down €419 (-29.4%), from €1,427 to €1,007
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 | €27,094 | €42,179 | +€15,084 | +55.7% |
| Current assets | 29/58 | €27,094 | €42,179 | +€15,084 | +55.7% |
| Amounts receivable within one year | 40/41 | €2,971 | €6,504 | +€3,533 | +118.9% |
| Trade receivables | 40 | €2,971 | €3,652 | +€681 | +22.9% |
| Other amounts receivable | 41 | - | €2,852 | +€2,852 | |
| Cash at bank and in hand | 54/58 | €24,123 | €35,675 | +€11,551 | +47.9% |
| Total equity and liabilities | 10/49 | €27,094 | €42,179 | +€15,084 | +55.7% |
| Equity | 10/15 | €23,919 | €38,415 | +€14,496 | +60.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,081 | -€23,585 | +€14,496 | +38.1% |
| Amounts payable | 17/49 | €3,176 | €3,764 | +€588 | +18.5% |
| Amounts payable within one year | 42/48 | €2,813 | €3,401 | +€588 | +20.9% |
| Trade debts | 44 | €36 | - | -€36 | |
| Suppliers | 440/4 | €36 | - | -€36 | |
| Taxes, remuneration and social security | 45 | €627 | €820 | +€194 | +30.9% |
| Taxes | 450/3 | €627 | €820 | +€194 | +30.9% |
| Other amounts payable | 47/48 | €2,150 | €2,581 | +€431 | +20.0% |
| Accrued charges and deferred income | 492/3 | €363 | €363 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €123 | +€123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,264 | - | -€2,264 | |
| Other operating charges | 640/8 | €1,427 | €1,007 | -€419 | -29.4% |
| Gross operating margin | 9900 | -€3,361 | €15,736 | +€19,097 | |
| Operating profit (loss) | 9901 | -€7,051 | €14,606 | +€21,657 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,727 | €110 | -€4,617 | -97.7% |
| Recurring financial charges | 65 | €4,727 | €110 | -€4,617 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,778 | €14,496 | +€26,274 | |
| Profit (loss) for the period | 9904 | -€11,778 | €14,496 | +€26,274 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,778 | €14,496 | +€26,274 |
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 7 October 2026 via checked.be.