Teddy Picker: 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.
Teddy Picker
Largest movements
- Tangible fixed assets -€27,275
down €27,275 (-15.3%), from €178,580 to €151,305
of which Other tangible fixed assets: -€17,588
- Receivables within one year +€16,571
up €16,571 (+16.4%), from €100,994 to €117,565
of which Other amounts receivable: +€13,470
- Cash -€10,310
down €10,310 (-63.3%), from €16,280 to €5,969
mainly Debts after one year (-€49,102) and Net result for the year (-€21,113)
- Intangible fixed assets -€5,879
down €5,879 (-27.0%), from €21,813 to €15,934
- Debts after one year -€49,102
down €49,102 (-21.3%), from €230,062 to €180,960
- Profit (loss) carried forward -€21,113
down €21,113 (-21.3%), from -€98,913 to -€120,027
- Current portion of long-term debt +€14,262
up €14,262 (+20.1%), from €70,841 to €85,104
- Advances received +€9,743
new in 2025: €9,743
- Trade debts +€8,712
up €8,712 (+143%), from €6,074 to €14,786
- Gross operating margin +€13,505
up €13,505 (+21.2%), from €63,776 to €77,280
- Depreciation +€6,462
up €6,462 (+20.5%), from €31,465 to €37,927
- Financial charges -€5,213
down €5,213 (-23.2%), from €22,453 to €17,240
- Staff costs +€2,397
up €2,397 (+5.9%), from €40,902 to €43,299
- Other operating charges +€783
up €783 (+61.5%), from €1,272 to €2,056
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 | €469,032 | €441,832 | -€27,200 | -5.8% |
| Fixed assets | 21/28 | €350,543 | €317,389 | -€33,154 | -9.5% |
| Intangible fixed assets | 21 | €21,813 | €15,934 | -€5,879 | -27.0% |
| Tangible fixed assets | 22/27 | €178,580 | €151,305 | -€27,275 | -15.3% |
| Furniture and vehicles | 24 | €36,436 | €26,749 | -€9,687 | -26.6% |
| Other tangible fixed assets | 26 | €142,144 | €124,556 | -€17,588 | -12.4% |
| Financial fixed assets | 28 | €150,150 | €150,150 | = | 0.0% |
| Current assets | 29/58 | €118,489 | €124,443 | +€5,954 | +5.0% |
| Amounts receivable within one year | 40/41 | €100,994 | €117,565 | +€16,571 | +16.4% |
| Trade receivables | 40 | €31,905 | €35,006 | +€3,101 | +9.7% |
| Other amounts receivable | 41 | €69,089 | €82,559 | +€13,470 | +19.5% |
| Cash at bank and in hand | 54/58 | €16,280 | €5,969 | -€10,310 | -63.3% |
| Deferred charges and accrued income | 490/1 | €1,215 | €908 | -€306 | -25.2% |
| Total equity and liabilities | 10/49 | €469,032 | €441,832 | -€27,200 | -5.8% |
| Equity | 10/15 | €154,087 | €132,973 | -€21,113 | -13.7% |
| Contributions | 10/11 | €253,000 | €253,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,913 | -€120,027 | -€21,113 | -21.3% |
| Amounts payable | 17/49 | €314,945 | €308,859 | -€6,087 | -1.9% |
| Amounts payable after more than one year | 17 | €230,062 | €180,960 | -€49,102 | -21.3% |
| Financial debts | 170/4 | €230,062 | €180,960 | -€49,102 | -21.3% |
| Amounts payable within one year | 42/48 | €84,122 | €127,137 | +€43,015 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €70,841 | €85,104 | +€14,262 | +20.1% |
| Trade debts | 44 | €6,074 | €14,786 | +€8,712 | +143% |
| Suppliers | 440/4 | €6,074 | €14,786 | +€8,712 | +143% |
| Advances received on contracts in progress | 46 | - | €9,743 | +€9,743 | |
| Taxes, remuneration and social security | 45 | €6,243 | €12,031 | +€5,788 | +92.7% |
| Taxes | 450/3 | €2,077 | €3,556 | +€1,479 | +71.2% |
| Remuneration and social security | 454/9 | €4,167 | €8,476 | +€4,309 | +103% |
| Other amounts payable | 47/48 | €964 | €5,473 | +€4,510 | +468% |
| Accrued charges and deferred income | 492/3 | €762 | €762 | = | 0.0% |
| Non-recurring operating income | 76A | €244 | €1,262 | +€1,018 | +417% |
| Remuneration, social security and pensions | 62 | €40,902 | €43,299 | +€2,397 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,465 | €37,927 | +€6,462 | +20.5% |
| Other operating charges | 640/8 | €1,272 | €2,056 | +€783 | +61.5% |
| Non-recurring operating charges | 66A | €269 | - | -€269 | |
| Gross operating margin | 9900 | €63,776 | €77,280 | +€13,505 | +21.2% |
| Operating profit (loss) | 9901 | -€10,132 | -€6,002 | +€4,130 | +40.8% |
| Financial income | 75/76B | €1,844 | €2,129 | +€284 | +15.4% |
| Recurring financial income | 75 | €1,844 | €2,129 | +€284 | +15.4% |
| Financial charges | 65/66B | €22,453 | €17,240 | -€5,213 | -23.2% |
| Recurring financial charges | 65 | €22,453 | €17,240 | -€5,213 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,741 | -€21,113 | +€9,628 | +31.3% |
| Profit (loss) for the period | 9904 | -€30,741 | -€21,113 | +€9,628 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,741 | -€21,113 | +€9,628 | +31.3% |
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 17 October 2026 via checked.be.