TEBO HANDELSAGENTUUR: what changed
TEBO HANDELSAGENTUUR
Largest movements
- Intangible fixed assets +€53,621
new in 2025: €53,621
- Receivables after one year -€25,000
no longer reported in 2025 (was €25,000)
- Receivables within one year -€6,934
down €6,934 (-62.2%), from €11,152 to €4,218
of which Other amounts receivable: -€6,584
- Cash -€3,335
down €3,335 (-99.0%), from €3,369 to €34
mainly Investment in fixed assets (net) (-€57,734) and Net result for the year (-€18,068)
- Tangible fixed assets -€2,415
down €2,415 (-30.0%), from €8,041 to €5,626
of which Furniture and vehicles: -€2,270
- Other debts +€27,425
up €27,425 (+289%), from €9,500 to €36,925
- Profit (loss) carried forward -€18,068
down €18,068 (-81.6%), from -€22,137 to -€40,205
- Trade debts +€7,062
up €7,062 (+94.5%), from €7,470 to €14,532
- Tax, wage and social debts -€5,159
down €5,159 (-78.9%), from €6,535 to €1,376
- Short-term financial debts +€2,534
up €2,534 (+393%), from €644 to €3,178
- Gross operating margin -€5,650
down €5,650 (-207%), from -€2,727 to -€8,377
- Depreciation +€1,483
up €1,483 (+29.4%), from €5,044 to €6,527
- Financial charges +€783
up €783 (+154%), from €509 to €1,291
- Other operating charges -€148
down €148 (-9.2%), from €1,621 to €1,473
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 | €56,306 | €70,098 | +€13,793 | +24.5% |
| Fixed assets | 21/28 | €8,041 | €59,247 | +€51,207 | +637% |
| Intangible fixed assets | 21 | - | €53,621 | +€53,621 | |
| Tangible fixed assets | 22/27 | €8,041 | €5,626 | -€2,415 | -30.0% |
| Furniture and vehicles | 24 | €7,896 | €5,626 | -€2,270 | -28.7% |
| Other tangible fixed assets | 26 | €145 | - | -€145 | |
| Current assets | 29/58 | €48,265 | €10,851 | -€37,414 | -77.5% |
| Amounts receivable after more than one year | 29 | €25,000 | - | -€25,000 | |
| Other amounts receivable | 291 | €25,000 | - | -€25,000 | |
| Stocks and contracts in progress | 3 | €8,377 | €6,468 | -€1,910 | -22.8% |
| Stocks | 30/36 | €8,377 | €6,468 | -€1,910 | -22.8% |
| Amounts receivable within one year | 40/41 | €11,152 | €4,218 | -€6,934 | -62.2% |
| Trade receivables | 40 | €350 | - | -€350 | |
| Other amounts receivable | 41 | €10,802 | €4,218 | -€6,584 | -61.0% |
| Cash at bank and in hand | 54/58 | €3,369 | €34 | -€3,335 | -99.0% |
| Deferred charges and accrued income | 490/1 | €367 | €132 | -€235 | -64.1% |
| Total equity and liabilities | 10/49 | €56,306 | €70,098 | +€13,793 | +24.5% |
| Equity | 10/15 | €30,407 | €12,338 | -€18,068 | -59.4% |
| Reserves | 13 | €52,543 | €52,543 | = | 0.0% |
| Distributable reserves | 133 | €52,543 | €52,543 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,137 | -€40,205 | -€18,068 | -81.6% |
| Amounts payable | 17/49 | €25,899 | €57,760 | +€31,861 | +123% |
| Amounts payable within one year | 42/48 | €24,149 | €56,010 | +€31,861 | +132% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €644 | €3,178 | +€2,534 | +393% |
| Credit institutions | 430/8 | €644 | €3,178 | +€2,534 | +393% |
| Trade debts | 44 | €7,470 | €14,532 | +€7,062 | +94.5% |
| Suppliers | 440/4 | €7,470 | €14,532 | +€7,062 | +94.5% |
| Taxes, remuneration and social security | 45 | €6,535 | €1,376 | -€5,159 | -78.9% |
| Taxes | 450/3 | €6,535 | €1,376 | -€5,159 | -78.9% |
| Other amounts payable | 47/48 | €9,500 | €36,925 | +€27,425 | +289% |
| Accrued charges and deferred income | 492/3 | €1,750 | €1,750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,044 | €6,527 | +€1,483 | +29.4% |
| Other operating charges | 640/8 | €1,621 | €1,473 | -€148 | -9.2% |
| Gross operating margin | 9900 | -€2,727 | -€8,377 | -€5,650 | -207% |
| Operating profit (loss) | 9901 | -€9,392 | -€16,377 | -€6,984 | -74.4% |
| Financial income | 75/76B | €48 | €0 | -€48 | -99.9% |
| Recurring financial income | 75 | €48 | €0 | -€48 | -99.9% |
| Financial charges | 65/66B | €509 | €1,291 | +€783 | +154% |
| Recurring financial charges | 65 | €509 | €1,291 | +€783 | +154% |
| Profit (loss) for the period before taxes | 9903 | -€9,853 | -€17,668 | -€7,815 | -79.3% |
| Income taxes | 67/77 | €382 | €400 | +€18 | +4.8% |
| Profit (loss) for the period | 9904 | -€10,235 | -€18,068 | -€7,833 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,235 | -€18,068 | -€7,833 | -76.5% |
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 1 November 2026 via checked.be.