TED SERVICES: 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.
TED SERVICES
Largest movements
- Receivables after one year -€17,885
down €17,885 (-19.8%), from €90,253 to €72,368
- Cash +€9,159
up €9,159 (+13.1%), from €69,953 to €79,112
mainly Net result for the year (+€20,077) and Receivables after one year (+€17,885)
- Tangible fixed assets +€3,143
new in 2025: €3,143
- Profit (loss) carried forward -€16,000
down €16,000 (-33.0%), from €48,493 to €32,493
- Other debts +€10,910
up €10,910 (+40.4%), from €26,982 to €37,892
- Reserves -€1,815
down €1,815 (-2.1%), from €86,032 to €84,217
- Gross operating margin +€2,771
up €2,771 (+10.9%), from €25,504 to €28,275
- Depreciation +€473
new in 2025: €473
- Write-downs +€435
up €435 (+48.3%), from -€900 to -€465
- Taxes +€394
up €394 (+4.4%), from €9,045 to €9,440
- Financial income -€360
down €360 (-13.8%), from €2,599 to €2,239
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.
Derived cash bridge
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 | €175,561 | €170,037 | -€5,524 | -3.1% |
| Fixed assets | 21/28 | €10 | €3,153 | +€3,143 | +31,428% |
| Tangible fixed assets | 22/27 | - | €3,143 | +€3,143 | |
| Furniture and vehicles | 24 | - | €3,143 | +€3,143 | |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €175,551 | €166,884 | -€8,667 | -4.9% |
| Amounts receivable after more than one year | 29 | €90,253 | €72,368 | -€17,885 | -19.8% |
| Other amounts receivable | 291 | €90,253 | €72,368 | -€17,885 | -19.8% |
| Amounts receivable within one year | 40/41 | €14,929 | €15,361 | +€432 | +2.9% |
| Trade receivables | 40 | €14,929 | €10,739 | -€4,190 | -28.1% |
| Other amounts receivable | 41 | - | €4,622 | +€4,622 | |
| Cash at bank and in hand | 54/58 | €69,953 | €79,112 | +€9,159 | +13.1% |
| Deferred charges and accrued income | 490/1 | €417 | €44 | -€373 | -89.5% |
| Total equity and liabilities | 10/49 | €175,561 | €170,037 | -€5,524 | -3.1% |
| Equity | 10/15 | €140,725 | €122,910 | -€17,815 | -12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,032 | €84,217 | -€1,815 | -2.1% |
| Distributable reserves | 133 | €86,032 | €84,217 | -€1,815 | -2.1% |
| Profit (loss) carried forward | 14 | €48,493 | €32,493 | -€16,000 | -33.0% |
| Amounts payable | 17/49 | €34,836 | €47,127 | +€12,291 | +35.3% |
| Amounts payable within one year | 42/48 | €34,836 | €47,127 | +€12,291 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €1,033 | €1,029 | -€3 | -0.3% |
| Trade debts | 44 | €449 | €1,250 | +€801 | +178% |
| Suppliers | 440/4 | €449 | €1,250 | +€801 | +178% |
| Taxes, remuneration and social security | 45 | €6,372 | €6,956 | +€584 | +9.2% |
| Taxes | 450/3 | €6,372 | €6,956 | +€584 | +9.2% |
| Other amounts payable | 47/48 | €26,982 | €37,892 | +€10,910 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €473 | +€473 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€900 | -€465 | +€435 | +48.3% |
| Other operating charges | 640/8 | €709 | €637 | -€71 | -10.1% |
| Gross operating margin | 9900 | €25,504 | €28,275 | +€2,771 | +10.9% |
| Operating profit (loss) | 9901 | €25,696 | €27,630 | +€1,934 | +7.5% |
| Financial income | 75/76B | €2,599 | €2,239 | -€360 | -13.8% |
| Recurring financial income | 75 | €2,599 | €2,239 | -€360 | -13.8% |
| Financial charges | 65/66B | €363 | €352 | -€11 | -3.0% |
| Recurring financial charges | 65 | €363 | €352 | -€11 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €27,931 | €29,516 | +€1,585 | +5.7% |
| Income taxes | 67/77 | €9,045 | €9,440 | +€394 | +4.4% |
| Profit (loss) for the period | 9904 | €18,886 | €20,077 | +€1,191 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,886 | €20,077 | +€1,191 | +6.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.