TEAMWORK: 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.
TEAMWORK
Largest movements
- Receivables within one year +€147,654
up €147,654 (+2,439%), from €6,055 to €153,708
of which Trade receivables: +€128,774
- Stocks and contracts +€105,250
new in 2025: €105,250
- Cash +€36,516
up €36,516 (+31.4%), from €116,357 to €152,873
mainly Trade debts (+€165,321) and Tax, wage and social debts (+€121,498)
- Trade debts +€165,321
up €165,321 (+836%), from €19,781 to €185,102
- Tax, wage and social debts +€121,498
up €121,498 (+231%), from €52,655 to €174,153
of which Taxes: +€71,335
- Profit (loss) carried forward +€50,638
up €50,638, from -€26,653 to €23,985
- Other debts -€43,288
down €43,288 (-73.6%), from €58,819 to €15,532
- Turnover +€2.5m
new in 2025: €2.5m
- Purchases and services +€1.5m
new in 2025: €1.5m
- Gross operating margin +€851,342
up €851,342 (+509%), from €167,247 to €1.0m
- Staff costs +€835,728
up €835,728 (+711%), from €117,555 to €953,283
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 | €123,203 | €417,372 | +€294,169 | +239% |
| Fixed assets | 21/28 | €791 | €5,541 | +€4,750 | +600% |
| Tangible fixed assets | 22/27 | - | €2,850 | +€2,850 | |
| Furniture and vehicles | 24 | - | €2,850 | +€2,850 | |
| Financial fixed assets | 28 | €791 | €2,691 | +€1,900 | +240% |
| Current assets | 29/58 | €122,412 | €411,831 | +€289,419 | +236% |
| Stocks and contracts in progress | 3 | - | €105,250 | +€105,250 | |
| Contracts in progress | 37 | - | €105,250 | +€105,250 | |
| Amounts receivable within one year | 40/41 | €6,055 | €153,708 | +€147,654 | +2,439% |
| Trade receivables | 40 | - | €128,774 | +€128,774 | |
| Other amounts receivable | 41 | €6,055 | €24,934 | +€18,879 | +312% |
| Cash at bank and in hand | 54/58 | €116,357 | €152,873 | +€36,516 | +31.4% |
| Total equity and liabilities | 10/49 | €123,203 | €417,372 | +€294,169 | +239% |
| Equity | 10/15 | -€8,053 | €42,585 | +€50,638 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€26,653 | €23,985 | +€50,638 | |
| Amounts payable | 17/49 | €131,256 | €374,787 | +€243,532 | +186% |
| Amounts payable within one year | 42/48 | €131,256 | €374,787 | +€243,532 | +186% |
| Trade debts | 44 | €19,781 | €185,102 | +€165,321 | +836% |
| Suppliers | 440/4 | €19,781 | €185,102 | +€165,321 | +836% |
| Taxes, remuneration and social security | 45 | €52,655 | €174,153 | +€121,498 | +231% |
| Taxes | 450/3 | €37,376 | €108,711 | +€71,335 | +191% |
| Remuneration and social security | 454/9 | €15,279 | €65,442 | +€50,163 | +328% |
| Other amounts payable | 47/48 | €58,819 | €15,532 | -€43,288 | -73.6% |
| Turnover | 70 | - | €2,544,281 | +€2.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,526,052 | +€1.5m | |
| Remuneration, social security and pensions | 62 | €117,555 | €953,283 | +€835,728 | +711% |
| Other operating charges | 640/8 | €1,009 | €3,014 | +€2,005 | +199% |
| Gross operating margin | 9900 | €167,247 | €1,018,588 | +€851,342 | +509% |
| Operating profit (loss) | 9901 | €48,683 | €62,291 | +€13,608 | +28.0% |
| Financial income | 75/76B | - | €2,727 | +€2,727 | |
| Recurring financial income | 75 | - | €2,727 | +€2,727 | |
| Financial charges | 65/66B | - | €1,114 | +€1,114 | |
| Recurring financial charges | 65 | - | €1,114 | +€1,114 | |
| Profit (loss) for the period before taxes | 9903 | €48,683 | €63,904 | +€15,220 | +31.3% |
| Income taxes | 67/77 | - | €13,266 | +€13,266 | |
| Profit (loss) for the period | 9904 | €48,683 | €50,638 | +€1,954 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,683 | €50,638 | +€1,954 | +4.0% |
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 15 October 2026 via checked.be.