TEBS: 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.
TEBS
Largest movements
- Receivables within one year -€42,321
down €42,321 (-68.7%), from €61,573 to €19,252
of which Trade receivables: -€37,655
- Stocks and contracts +€23,681
up €23,681 (+165.3%), from €14,328 to €38,009
of which Stocks: +€12,815
- Tangible fixed assets +€2,795
up €2,795 (+7.4%), from €37,861 to €40,656
of which Plant, machinery and equipment: +€6,196
- Deferred charges and accrued income +€2,095
up €2,095 (+767.4%), from €273 to €2,368
- Cash +€1,942
up €1,942 (+26.2%), from €7,409 to €9,351
mainly Receivables within one year (+€42,321) and Depreciation (+€11,646)
- Debts after one year -€6,542
down €6,542 (-23.8%), from €27,500 to €20,958
- Trade debts -€4,969
down €4,969 (-31.7%), from €15,661 to €10,692
- Other debts -€2,970
down €2,970 (-84.8%), from €3,502 to €532
- Profit (loss) carried forward +€2,471
up €2,471 (+18.4%), from -€13,419 to -€10,948
- Turnover -€124,908
down €124,908 (-41.9%), from €298,312 to €173,404
- Purchases and services -€118,268
down €118,268 (-44.2%), from €267,537 to €149,269
- Gross operating margin -€15,051
down €15,051 (-38.4%), from €39,186 to €24,135
- Depreciation +€8,484
up €8,484 (+268.3%), from €3,162 to €11,646
- Staff costs +€5,511
up €5,511 (+312.1%), from €1,766 to €7,277
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,257 | €112,449 | -€11,808 | -9.5% |
| Fixed assets | 21/28 | €40,674 | €43,469 | +€2,795 | +6.9% |
| Tangible fixed assets | 22/27 | €37,861 | €40,656 | +€2,795 | +7.4% |
| Plant, machinery and equipment | 23 | €3,986 | €10,182 | +€6,196 | +155.4% |
| Furniture and vehicles | 24 | €33,875 | €30,474 | -€3,401 | -10.0% |
| Financial fixed assets | 28 | €2,813 | €2,813 | = | 0.0% |
| Current assets | 29/58 | €83,583 | €68,980 | -€14,603 | -17.5% |
| Stocks and contracts in progress | 3 | €14,328 | €38,009 | +€23,681 | +165.3% |
| Stocks | 30/36 | €14,328 | €27,143 | +€12,815 | +89.4% |
| Contracts in progress | 37 | - | €10,866 | +€10,866 | |
| Amounts receivable within one year | 40/41 | €61,573 | €19,252 | -€42,321 | -68.7% |
| Trade receivables | 40 | €56,074 | €18,419 | -€37,655 | -67.2% |
| Other amounts receivable | 41 | €5,499 | €833 | -€4,666 | -84.9% |
| Cash at bank and in hand | 54/58 | €7,409 | €9,351 | +€1,942 | +26.2% |
| Deferred charges and accrued income | 490/1 | €273 | €2,368 | +€2,095 | +767.4% |
| Total equity and liabilities | 10/49 | €124,257 | €112,449 | -€11,808 | -9.5% |
| Equity | 10/15 | €71,254 | €73,725 | +€2,471 | +3.5% |
| Contributions | 10/11 | €63,750 | €63,750 | = | 0.0% |
| Capital | 10 | €63,750 | €63,750 | = | 0.0% |
| Issued capital | 100 | €63,750 | €63,750 | = | 0.0% |
| Reserves | 13 | €20,923 | €20,923 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,173 | €2,173 | = | 0.0% |
| Legal reserve | 130 | €2,173 | €2,173 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,419 | -€10,948 | +€2,471 | +18.4% |
| Amounts payable | 17/49 | €53,003 | €38,724 | -€14,279 | -26.9% |
| Amounts payable after more than one year | 17 | €27,500 | €20,958 | -€6,542 | -23.8% |
| Financial debts | 170/4 | €27,500 | €20,958 | -€6,542 | -23.8% |
| Amounts payable within one year | 42/48 | €25,401 | €17,766 | -€7,635 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €6,238 | €6,542 | +€304 | +4.9% |
| Trade debts | 44 | €15,661 | €10,692 | -€4,969 | -31.7% |
| Suppliers | 440/4 | €15,661 | €10,692 | -€4,969 | -31.7% |
| Other amounts payable | 47/48 | €3,502 | €532 | -€2,970 | -84.8% |
| Accrued charges and deferred income | 492/3 | €102 | - | -€102 | |
| Turnover | 70 | €298,312 | €173,404 | -€124,908 | -41.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €267,537 | €149,269 | -€118,268 | -44.2% |
| Remuneration, social security and pensions | 62 | €1,766 | €7,277 | +€5,511 | +312.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,162 | €11,646 | +€8,484 | +268.3% |
| Other operating charges | 640/8 | €1,014 | €1,074 | +€60 | +5.9% |
| Gross operating margin | 9900 | €39,186 | €24,135 | -€15,051 | -38.4% |
| Operating profit (loss) | 9901 | €33,244 | €4,138 | -€29,106 | -87.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,743 | €1,669 | -€2,074 | -55.4% |
| Recurring financial charges | 65 | €606 | €1,669 | +€1,063 | +175.4% |
| Non-recurring financial charges | 66B | €3,137 | - | -€3,137 | |
| Profit (loss) for the period before taxes | 9903 | €29,501 | €2,470 | -€27,031 | -91.6% |
| Profit (loss) for the period | 9904 | €29,501 | €2,470 | -€27,031 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,501 | €2,470 | -€27,031 | -91.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.