Tébéhu: 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.
Tébéhu
Largest movements
- Cash +€234,155
up €234,155 (+218.8%), from €107,022 to €341,177
mainly Net result for the year (+€219,619) and Current investments (+€84,800)
- Current investments -€84,800
down €84,800 (-84.8%), from €100,000 to €15,200
- Deferred charges and accrued income +€24,419
up €24,419 (+34.9%), from €69,934 to €94,353
- Tangible fixed assets -€14,327
down €14,327 (-29.0%), from €49,456 to €35,129
of which Furniture and vehicles: -€15,303
- Receivables within one year +€5,858
up €5,858 (+234.6%), from €2,497 to €8,355
of which Other amounts receivable: +€4,311
- Profit (loss) carried forward +€169,619
up €169,619 (+50.6%), from €335,377 to €504,996
- Debts after one year -€17,947
down €17,947 (-69.9%), from €25,663 to €7,716
- Trade debts +€7,624
new in 2025: €7,624
- Gross operating margin +€48,557
up €48,557 (+19.3%), from €252,235 to €300,791
- Taxes +€13,973
up €13,973 (+25.5%), from €54,711 to €68,684
- Financial income +€4,450
up €4,450 (+245.7%), from €1,811 to €6,262
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 | €409,410 | €574,715 | +€165,305 | +40.4% |
| Fixed assets | 21/28 | €49,456 | €35,129 | -€14,327 | -29.0% |
| Tangible fixed assets | 22/27 | €49,456 | €35,129 | -€14,327 | -29.0% |
| Plant, machinery and equipment | 23 | €1,496 | €1,050 | -€446 | -29.8% |
| Furniture and vehicles | 24 | €47,960 | €32,657 | -€15,303 | -31.9% |
| Other tangible fixed assets | 26 | - | €1,421 | +€1,421 | |
| Current assets | 29/58 | €359,953 | €539,585 | +€179,632 | +49.9% |
| Amounts receivable after more than one year | 29 | €80,500 | €80,500 | = | 0.0% |
| Trade receivables | 290 | €80,500 | €80,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,497 | €8,355 | +€5,858 | +234.6% |
| Trade receivables | 40 | - | €1,548 | +€1,548 | |
| Other amounts receivable | 41 | €2,497 | €6,808 | +€4,311 | +172.6% |
| Current investments | 50/53 | €100,000 | €15,200 | -€84,800 | -84.8% |
| Cash at bank and in hand | 54/58 | €107,022 | €341,177 | +€234,155 | +218.8% |
| Deferred charges and accrued income | 490/1 | €69,934 | €94,353 | +€24,419 | +34.9% |
| Total equity and liabilities | 10/49 | €409,410 | €574,715 | +€165,305 | +40.4% |
| Equity | 10/15 | €337,377 | €506,996 | +€169,619 | +50.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €335,377 | €504,996 | +€169,619 | +50.6% |
| Amounts payable | 17/49 | €72,033 | €67,718 | -€4,315 | -6.0% |
| Amounts payable after more than one year | 17 | €25,663 | €7,716 | -€17,947 | -69.9% |
| Financial debts | 170/4 | €25,663 | €7,716 | -€17,947 | -69.9% |
| Amounts payable within one year | 42/48 | €46,370 | €60,002 | +€13,632 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €17,169 | €17,947 | +€778 | +4.5% |
| Trade debts | 44 | - | €7,624 | +€7,624 | |
| Suppliers | 440/4 | - | €7,624 | +€7,624 | |
| Taxes, remuneration and social security | 45 | €29,201 | €34,431 | +€5,230 | +17.9% |
| Taxes | 450/3 | €29,201 | €34,431 | +€5,230 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,029 | €15,826 | -€204 | -1.3% |
| Other operating charges | 640/8 | €1,306 | €928 | -€378 | -29.0% |
| Gross operating margin | 9900 | €252,235 | €300,791 | +€48,557 | +19.3% |
| Operating profit (loss) | 9901 | €234,899 | €284,038 | +€49,139 | +20.9% |
| Financial income | 75/76B | €1,811 | €6,262 | +€4,450 | +245.7% |
| Recurring financial income | 75 | €1,811 | €6,262 | +€4,450 | +245.7% |
| Financial charges | 65/66B | €2,461 | €1,996 | -€465 | -18.9% |
| Recurring financial charges | 65 | €2,461 | €1,996 | -€465 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €234,249 | €288,303 | +€54,054 | +23.1% |
| Income taxes | 67/77 | €54,711 | €68,684 | +€13,973 | +25.5% |
| Profit (loss) for the period | 9904 | €179,538 | €219,619 | +€40,081 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €179,538 | €219,619 | +€40,081 | +22.3% |
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 3 October 2026 via checked.be.