TEBOGO: what changed
Two financial 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.
TEBOGO
Largest movements
- Receivables within one year -€64,391
down €64,391 (-64.2%), from €100,352 to €35,960
of which Trade receivables: -€67,200
- Cash -€42,895
down €42,895 (-61.7%), from €69,502 to €26,608
mainly Trade debts (-€59,659) and Tax, wage and social debts (-€18,979)
- Tangible fixed assets -€18,705
down €18,705 (-35.5%), from €52,743 to €34,038
- Current investments +€5,000
new in 2025: €5,000
- Stocks and contracts +€2,465
new in 2025: €2,465
- Trade debts -€59,659
down €59,659 (-96.1%), from €62,062 to €2,403
- Tax, wage and social debts -€18,979
down €18,979 (-64.4%), from €29,488 to €10,509
of which Taxes: -€22,179
- Profit (loss) carried forward -€16,717
down €16,717 (-74.4%), from €22,474 to €5,757
- Current portion of long-term debt -€9,831
down €9,831 (-88.5%), from €11,110 to €1,278
- Reserves -€9,291
down €9,291 (-16.9%), from €55,035 to €45,745
- Gross operating margin -€81,565
down €81,565 (-89.6%), from €90,989 to €9,423
- Taxes -€19,449
down €19,449 (-86.1%), from €22,596 to €3,147
- Depreciation +€2,917
up €2,917 (+18.5%), from €15,787 to €18,705
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 | €223,897 | €107,410 | -€116,487 | -52.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €54,043 | €35,338 | -€18,705 | -34.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €52,743 | €34,038 | -€18,705 | -35.5% |
| Plant, machinery and equipment | 23 | €7,520 | €4,373 | -€3,146 | -41.8% |
| Furniture and vehicles | 24 | €17,511 | €10,443 | -€7,068 | -40.4% |
| Other tangible fixed assets | 26 | €27,712 | €19,222 | -€8,490 | -30.6% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €169,854 | €72,072 | -€97,782 | -57.6% |
| Stocks and contracts in progress | 3 | - | €2,465 | +€2,465 | |
| Stocks | 30/36 | - | €2,465 | +€2,465 | |
| Amounts receivable within one year | 40/41 | €100,352 | €35,960 | -€64,391 | -64.2% |
| Trade receivables | 40 | €99,357 | €32,157 | -€67,200 | -67.6% |
| Other amounts receivable | 41 | €995 | €3,803 | +€2,809 | +282.4% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €69,502 | €26,608 | -€42,895 | -61.7% |
| Deferred charges and accrued income | 490/1 | - | €2,039 | +€2,039 | |
| Total equity and liabilities | 10/49 | €223,897 | €107,410 | -€116,487 | -52.0% |
| Equity | 10/15 | €90,209 | €64,202 | -€26,007 | -28.8% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €55,035 | €45,745 | -€9,291 | -16.9% |
| Distributable reserves | 133 | €55,035 | €45,745 | -€9,291 | -16.9% |
| Profit (loss) carried forward | 14 | €22,474 | €5,757 | -€16,717 | -74.4% |
| Amounts payable | 17/49 | €133,688 | €43,208 | -€90,479 | -67.7% |
| Amounts payable after more than one year | 17 | €8,911 | €7,632 | -€1,278 | -14.3% |
| Financial debts | 170/4 | €8,911 | €7,632 | -€1,278 | -14.3% |
| Amounts payable within one year | 42/48 | €124,639 | €35,558 | -€89,081 | -71.5% |
| Current portion of amounts payable after more than one year | 42 | €11,110 | €1,278 | -€9,831 | -88.5% |
| Trade debts | 44 | €62,062 | €2,403 | -€59,659 | -96.1% |
| Suppliers | 440/4 | €62,062 | €2,403 | -€59,659 | -96.1% |
| Taxes, remuneration and social security | 45 | €29,488 | €10,509 | -€18,979 | -64.4% |
| Taxes | 450/3 | €29,488 | €7,309 | -€22,179 | -75.2% |
| Remuneration and social security | 454/9 | - | €3,200 | +€3,200 | |
| Other amounts payable | 47/48 | €21,980 | €21,368 | -€612 | -2.8% |
| Accrued charges and deferred income | 492/3 | €138 | €18 | -€120 | -87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,787 | €18,705 | +€2,917 | +18.5% |
| Other operating charges | 640/8 | €2,062 | €2,115 | +€53 | +2.6% |
| Gross operating margin | 9900 | €90,989 | €9,423 | -€81,565 | -89.6% |
| Operating profit (loss) | 9901 | €73,139 | -€11,396 | -€84,535 | |
| Financial income | 75/76B | €37 | €0 | -€37 | -99.7% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -99.7% |
| Financial charges | 65/66B | €1,701 | €2,174 | +€473 | +27.8% |
| Recurring financial charges | 65 | €1,701 | €2,174 | +€473 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €71,475 | -€13,570 | -€85,045 | |
| Income taxes | 67/77 | €22,596 | €3,147 | -€19,449 | -86.1% |
| Profit (loss) for the period | 9904 | €48,879 | -€16,717 | -€65,596 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,879 | -€16,717 | -€65,596 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.