Teamwork Belgium: 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 Belgium
Largest movements
- Receivables within one year +€246,815
up €246,815 (+22.1%), from €1.1m to €1.4m
of which Trade receivables: +€305,080
- Cash -€24,613
down €24,613 (-6.9%), from €357,997 to €333,384
mainly Receivables within one year (-€246,815) and Debts after one year (-€100,000)
- Reserves +€272,283
up €272,283 (+147.0%), from €185,206 to €457,488
- Tax, wage and social debts +€133,311
up €133,311 (+160.7%), from €82,968 to €216,279
- Debts after one year -€100,000
down €100,000 (-22.1%), from €451,875 to €351,875
- Trade debts -€83,391
down €83,391 (-11.2%), from €744,286 to €660,895
- Gross operating margin +€116,717
up €116,717 (+44.7%), from €261,269 to €377,987
- Taxes +€31,381
up €31,381 (+50.8%), from €61,735 to €93,116
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 | €1,474,335 | €1,696,538 | +€222,203 | +15.1% |
| Current assets | 29/58 | €1,474,335 | €1,696,538 | +€222,203 | +15.1% |
| Amounts receivable within one year | 40/41 | €1,116,338 | €1,363,154 | +€246,815 | +22.1% |
| Trade receivables | 40 | €1,058,074 | €1,363,154 | +€305,080 | +28.8% |
| Other amounts receivable | 41 | €58,265 | - | -€58,265 | |
| Cash at bank and in hand | 54/58 | €357,997 | €333,384 | -€24,613 | -6.9% |
| Total equity and liabilities | 10/49 | €1,474,335 | €1,696,538 | +€222,203 | +15.1% |
| Equity | 10/15 | €195,206 | €467,488 | +€272,283 | +139.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €185,206 | €457,488 | +€272,283 | +147.0% |
| Distributable reserves | 133 | €185,206 | €457,488 | +€272,283 | +147.0% |
| Amounts payable | 17/49 | €1,279,130 | €1,229,050 | -€50,080 | -3.9% |
| Amounts payable after more than one year | 17 | €451,875 | €351,875 | -€100,000 | -22.1% |
| Other amounts payable | 178/9 | €451,875 | €351,875 | -€100,000 | -22.1% |
| Amounts payable within one year | 42/48 | €827,255 | €877,175 | +€49,920 | +6.0% |
| Trade debts | 44 | €744,286 | €660,895 | -€83,391 | -11.2% |
| Suppliers | 440/4 | €744,286 | €660,895 | -€83,391 | -11.2% |
| Taxes, remuneration and social security | 45 | €82,968 | €216,279 | +€133,311 | +160.7% |
| Taxes | 450/3 | €82,968 | €216,279 | +€133,311 | +160.7% |
| Other operating charges | 640/8 | - | €375 | +€375 | |
| Gross operating margin | 9900 | €261,269 | €377,987 | +€116,717 | +44.7% |
| Operating profit (loss) | 9901 | €261,269 | €377,612 | +€116,342 | +44.5% |
| Financial charges | 65/66B | €14,328 | €12,213 | -€2,115 | -14.8% |
| Recurring financial charges | 65 | €14,328 | €12,213 | -€2,115 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €246,941 | €365,398 | +€118,458 | +48.0% |
| Income taxes | 67/77 | €61,735 | €93,116 | +€31,381 | +50.8% |
| Profit (loss) for the period | 9904 | €185,206 | €272,283 | +€87,077 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €185,206 | €272,283 | +€87,077 | +47.0% |
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 2 October 2026 via checked.be.