TEDD: 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.
TEDD
Largest movements
- Cash -€147,958
down €147,958 (-29.4%), from €503,436 to €355,478
mainly Contributions, distributions and other (-€229,000) and Receivables within one year (-€18,073)
- Receivables within one year +€18,073
up €18,073 (+130%), from €13,884 to €31,957
of which Trade receivables: +€16,740
- Reserves -€126,900
down €126,900 (-25.4%), from €498,860 to €371,960
- Gross operating margin +€12,620
up €12,620 (+9.7%), from €130,322 to €142,942
- Taxes +€4,034
up €4,034 (+10.7%), from €37,591 to €41,625
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 | €518,649 | €389,880 | -€128,769 | -24.8% |
| Fixed assets | 21/28 | €949 | €1,898 | +€949 | +100% |
| Tangible fixed assets | 22/27 | €949 | €1,898 | +€949 | +100% |
| Plant, machinery and equipment | 23 | €891 | €1,898 | +€1,007 | +113% |
| Furniture and vehicles | 24 | €58 | - | -€58 | |
| Current assets | 29/58 | €517,700 | €387,982 | -€129,718 | -25.1% |
| Amounts receivable within one year | 40/41 | €13,884 | €31,957 | +€18,073 | +130% |
| Trade receivables | 40 | €13,538 | €30,278 | +€16,740 | +124% |
| Other amounts receivable | 41 | €346 | €1,679 | +€1,333 | +385% |
| Cash at bank and in hand | 54/58 | €503,436 | €355,478 | -€147,958 | -29.4% |
| Deferred charges and accrued income | 490/1 | €380 | €547 | +€167 | +43.9% |
| Total equity and liabilities | 10/49 | €518,649 | €389,880 | -€128,769 | -24.8% |
| Equity | 10/15 | €514,073 | €387,274 | -€126,799 | -24.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €498,860 | €371,960 | -€126,900 | -25.4% |
| Distributable reserves | 133 | €498,860 | €371,960 | -€126,900 | -25.4% |
| Profit (loss) carried forward | 14 | €2,813 | €2,914 | +€101 | +3.6% |
| Amounts payable | 17/49 | €4,576 | €2,606 | -€1,970 | -43.1% |
| Amounts payable within one year | 42/48 | €4,576 | €2,606 | -€1,970 | -43.1% |
| Trade debts | 44 | €142 | €1,091 | +€949 | +668% |
| Suppliers | 440/4 | €142 | €1,091 | +€949 | +668% |
| Taxes, remuneration and social security | 45 | €2,956 | €1,001 | -€1,955 | -66.1% |
| Taxes | 450/3 | €2,956 | €1,001 | -€1,955 | -66.1% |
| Other amounts payable | 47/48 | €1,478 | €514 | -€964 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,310 | €1,119 | -€191 | -14.6% |
| Other operating charges | 640/8 | €637 | €658 | +€21 | +3.3% |
| Gross operating margin | 9900 | €130,322 | €142,942 | +€12,620 | +9.7% |
| Operating profit (loss) | 9901 | €128,375 | €141,165 | +€12,790 | +10.0% |
| Financial income | 75/76B | €1,895 | €2,989 | +€1,094 | +57.7% |
| Recurring financial income | 75 | €1,895 | €2,989 | +€1,094 | +57.7% |
| Financial charges | 65/66B | €212 | €328 | +€116 | +54.7% |
| Recurring financial charges | 65 | €212 | €328 | +€116 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €130,058 | €143,826 | +€13,768 | +10.6% |
| Income taxes | 67/77 | €37,591 | €41,625 | +€4,034 | +10.7% |
| Profit (loss) for the period | 9904 | €92,467 | €102,201 | +€9,734 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €92,467 | €102,201 | +€9,734 | +10.5% |
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.