TEBELCO: 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.
TEBELCO
Largest movements
- Cash -€28,286
down €28,286 (-48.5%), from €58,366 to €30,080
mainly Contributions, distributions and other (-€45,000) and Tax, wage and social debts (-€11,676)
- Receivables within one year -€20,620
down €20,620 (-95.9%), from €21,493 to €873
of which Trade receivables: -€18,420
- Tangible fixed assets -€4,852
down €4,852 (-70.4%), from €6,888 to €2,036
of which Furniture and vehicles: -€3,918
- Reserves -€47,176
down €47,176 (-73.8%), from €63,898 to €16,722
- Tax, wage and social debts -€11,676
down €11,676 (-61.2%), from €19,068 to €7,392
- Other debts +€5,228
new in 2025: €5,228
- Gross operating margin -€34,519
down €34,519 (-87.5%), from €39,470 to €4,952
- Taxes -€6,695
down €6,695 (-95.0%), from €7,044 to €349
- Depreciation -€4,921
down €4,921 (-50.4%), from €9,772 to €4,852
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 | €86,747 | €32,990 | -€53,757 | -62.0% |
| Fixed assets | 21/28 | €6,888 | €2,036 | -€4,852 | -70.4% |
| Tangible fixed assets | 22/27 | €6,888 | €2,036 | -€4,852 | -70.4% |
| Plant, machinery and equipment | 23 | €2,195 | €1,261 | -€934 | -42.5% |
| Furniture and vehicles | 24 | €4,693 | €775 | -€3,918 | -83.5% |
| Current assets | 29/58 | €79,859 | €30,954 | -€48,905 | -61.2% |
| Amounts receivable within one year | 40/41 | €21,493 | €873 | -€20,620 | -95.9% |
| Trade receivables | 40 | €19,058 | €637 | -€18,420 | -96.7% |
| Other amounts receivable | 41 | €2,435 | €236 | -€2,199 | -90.3% |
| Cash at bank and in hand | 54/58 | €58,366 | €30,080 | -€28,286 | -48.5% |
| Total equity and liabilities | 10/49 | €86,747 | €32,990 | -€53,757 | -62.0% |
| Equity | 10/15 | €66,898 | €19,722 | -€47,176 | -70.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,898 | €16,722 | -€47,176 | -73.8% |
| Distributable reserves | 133 | €63,898 | €16,722 | -€47,176 | -73.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €19,849 | €13,268 | -€6,581 | -33.2% |
| Amounts payable within one year | 42/48 | €19,849 | €13,268 | -€6,581 | -33.2% |
| Trade debts | 44 | €781 | €647 | -€134 | -17.1% |
| Suppliers | 440/4 | €781 | €647 | -€134 | -17.1% |
| Taxes, remuneration and social security | 45 | €19,068 | €7,392 | -€11,676 | -61.2% |
| Taxes | 450/3 | €19,068 | €7,392 | -€11,676 | -61.2% |
| Other amounts payable | 47/48 | - | €5,228 | +€5,228 | |
| Remuneration, social security and pensions | 62 | €795 | €459 | -€336 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,772 | €4,852 | -€4,921 | -50.4% |
| Other operating charges | 640/8 | €938 | €959 | +€21 | +2.2% |
| Gross operating margin | 9900 | €39,470 | €4,952 | -€34,519 | -87.5% |
| Operating profit (loss) | 9901 | €27,965 | -€1,318 | -€29,283 | |
| Financial income | 75/76B | €195 | €0 | -€195 | -100.0% |
| Recurring financial income | 75 | €195 | €0 | -€195 | -100.0% |
| Financial charges | 65/66B | €127 | €509 | +€382 | +300.6% |
| Recurring financial charges | 65 | €127 | €509 | +€382 | +300.6% |
| Profit (loss) for the period before taxes | 9903 | €28,033 | -€1,827 | -€29,861 | |
| Income taxes | 67/77 | €7,044 | €349 | -€6,695 | -95.0% |
| Profit (loss) for the period | 9904 | €20,990 | -€2,176 | -€23,166 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,990 | -€2,176 | -€23,166 |
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 6 October 2026 via checked.be.