TEAMWORK GROUP BV: what changed
TEAMWORK GROUP BV
Largest movements
- Receivables within one year -€67,889
down €67,889 (-25.8%), from €263,105 to €195,216
of which Other amounts receivable: -€186,617
- Cash +€31,072
up €31,072 (+1,130%), from €2,750 to €33,822
mainly Net result for the year (+€124,800) and Receivables within one year (+€67,889)
- Tangible fixed assets +€27,062
up €27,062 (+456%), from €5,934 to €32,996
of which Plant, machinery and equipment: +€23,363
- Financial fixed assets -€3,650
down €3,650 (-29.4%), from €12,400 to €8,750
- Reserves +€248,431
new in 2025: €248,431
- Other debts -€207,274
down €207,274 (-83.3%), from €248,881 to €41,607
- Profit (loss) carried forward -€74,211
down €74,211 (-52.5%), from -€141,313 to -€215,524
- Trade debts +€45,099
up €45,099 (+36.4%), from €124,022 to €169,121
- Tax, wage and social debts -€24,755
down €24,755 (-55.5%), from €44,626 to €19,871
of which Taxes: -€20,186
- Other operating charges -€273,598
down €273,598 (-99.7%), from €274,491 to €894
- Gross operating margin -€147,954
down €147,954 (-39.4%), from €375,666 to €227,712
- Staff costs -€9,642
down €9,642 (-10.0%), from €96,009 to €86,368
- Depreciation +€8,632
up €8,632 (+432%), from €2,000 to €10,632
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,617 | €275,970 | -€12,647 | -4.4% |
| Fixed assets | 21/28 | €18,334 | €41,746 | +€23,412 | +128% |
| Tangible fixed assets | 22/27 | €5,934 | €32,996 | +€27,062 | +456% |
| Plant, machinery and equipment | 23 | - | €23,363 | +€23,363 | |
| Furniture and vehicles | 24 | €5,934 | €5,028 | -€906 | -15.3% |
| Other tangible fixed assets | 26 | - | €4,604 | +€4,604 | |
| Financial fixed assets | 28 | €12,400 | €8,750 | -€3,650 | -29.4% |
| Current assets | 29/58 | €270,282 | €234,224 | -€36,059 | -13.3% |
| Amounts receivable within one year | 40/41 | €263,105 | €195,216 | -€67,889 | -25.8% |
| Trade receivables | 40 | €22,143 | €140,871 | +€118,728 | +536% |
| Other amounts receivable | 41 | €240,962 | €54,345 | -€186,617 | -77.4% |
| Cash at bank and in hand | 54/58 | €2,750 | €33,822 | +€31,072 | +1,130% |
| Deferred charges and accrued income | 490/1 | €4,428 | €5,186 | +€758 | +17.1% |
| Total equity and liabilities | 10/49 | €288,617 | €275,970 | -€12,647 | -4.4% |
| Equity | 10/15 | -€128,913 | €45,307 | +€174,219 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €248,431 | +€248,431 | |
| Tax-exempt reserves | 132 | - | €248,431 | +€248,431 | |
| Profit (loss) carried forward | 14 | -€141,313 | -€215,524 | -€74,211 | -52.5% |
| Amounts payable | 17/49 | €417,529 | €230,663 | -€186,867 | -44.8% |
| Amounts payable within one year | 42/48 | €417,529 | €230,663 | -€186,867 | -44.8% |
| Financial debts | 43 | - | €64 | +€64 | |
| Other loans | 439 | - | €64 | +€64 | |
| Trade debts | 44 | €124,022 | €169,121 | +€45,099 | +36.4% |
| Suppliers | 440/4 | €124,022 | €169,121 | +€45,099 | +36.4% |
| Taxes, remuneration and social security | 45 | €44,626 | €19,871 | -€24,755 | -55.5% |
| Taxes | 450/3 | €31,678 | €11,491 | -€20,186 | -63.7% |
| Remuneration and social security | 454/9 | €12,948 | €8,379 | -€4,569 | -35.3% |
| Other amounts payable | 47/48 | €248,881 | €41,607 | -€207,274 | -83.3% |
| Non-recurring operating income | 76A | €296,901 | €1,600 | -€295,301 | -99.5% |
| Remuneration, social security and pensions | 62 | €96,009 | €86,368 | -€9,642 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €10,632 | +€8,632 | +432% |
| Other operating charges | 640/8 | €274,491 | €894 | -€273,598 | -99.7% |
| Non-recurring operating charges | 66A | - | €2,416 | +€2,416 | |
| Gross operating margin | 9900 | €375,666 | €227,712 | -€147,954 | -39.4% |
| Operating profit (loss) | 9901 | €3,166 | €127,403 | +€124,237 | +3,925% |
| Financial income | 75/76B | €1 | €43 | +€42 | +8,331% |
| Recurring financial income | 75 | €1 | €43 | +€42 | +8,331% |
| Financial charges | 65/66B | €2,718 | €2,646 | -€71 | -2.6% |
| Recurring financial charges | 65 | €2,718 | €2,646 | -€71 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €448 | €124,800 | +€124,351 | +27,730% |
| Profit (loss) for the period | 9904 | €448 | €124,800 | +€124,351 | +27,730% |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €448 | €124,800 | +€124,351 | +27,730% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.