TEDEGE: 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.
TEDEGE
Largest movements
- Receivables within one year +€84,206
up €84,206 (+132.3%), from €63,630 to €147,836
of which Other amounts receivable: +€80,868
- Intangible fixed assets -€13,923
down €13,923 (-40.5%), from €34,393 to €20,471
- Tangible fixed assets -€4,497
down €4,497 (-7.8%), from €57,561 to €53,065
of which Plant, machinery and equipment: -€3,636
- Reserves +€52,449
up €52,449 (+47.4%), from €110,639 to €163,087
- Tax, wage and social debts +€9,344
up €9,344 (+26.4%), from €35,459 to €44,803
- Gross operating margin +€35,514
up €35,514 (+32.0%), from €110,838 to €146,352
- Other operating charges +€11,559
up €11,559 (+466.4%), from €2,478 to €14,037
- Taxes +€8,843
up €8,843 (+30.9%), from €28,633 to €37,477
- Depreciation +€4,328
up €4,328 (+11.9%), from €36,322 to €40,650
- Financial income +€2,625
up €2,625 (+267.2%), from €983 to €3,608
of which Financial income: +€3,416
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 | €202,936 | €268,972 | +€66,035 | +32.5% |
| Fixed assets | 21/28 | €91,954 | €73,535 | -€18,419 | -20.0% |
| Intangible fixed assets | 21 | €34,393 | €20,471 | -€13,923 | -40.5% |
| Tangible fixed assets | 22/27 | €57,561 | €53,065 | -€4,497 | -7.8% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €15,423 | €11,788 | -€3,636 | -23.6% |
| Furniture and vehicles | 24 | €42,138 | €41,277 | -€861 | -2.0% |
| Current assets | 29/58 | €110,982 | €195,436 | +€84,454 | +76.1% |
| Amounts receivable after more than one year | 29 | €47,350 | €44,950 | -€2,400 | -5.1% |
| Other amounts receivable | 291 | €47,350 | €44,950 | -€2,400 | -5.1% |
| Amounts receivable within one year | 40/41 | €63,630 | €147,836 | +€84,206 | +132.3% |
| Trade receivables | 40 | €32,116 | €35,454 | +€3,338 | +10.4% |
| Other amounts receivable | 41 | €31,515 | €112,382 | +€80,868 | +256.6% |
| Cash at bank and in hand | 54/58 | €1 | €1 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €2,649 | +€2,649 | |
| Total equity and liabilities | 10/49 | €202,936 | €268,972 | +€66,035 | +32.5% |
| Equity | 10/15 | €129,389 | €181,837 | +€52,449 | +40.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €110,639 | €163,087 | +€52,449 | +47.4% |
| Distributable reserves | 133 | €110,639 | €163,087 | +€52,449 | +47.4% |
| Amounts payable | 17/49 | €73,548 | €87,134 | +€13,587 | +18.5% |
| Amounts payable after more than one year | 17 | €860 | €919 | +€58 | +6.8% |
| Financial debts | 170/4 | €860 | €919 | +€58 | +6.8% |
| Amounts payable within one year | 42/48 | €72,487 | €86,015 | +€13,528 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,155 | +€2,155 | |
| Financial debts | 43 | €27,863 | €29,844 | +€1,980 | +7.1% |
| Credit institutions | 430/8 | €27,863 | €29,844 | +€1,980 | +7.1% |
| Trade debts | 44 | €9,165 | €9,214 | +€49 | +0.5% |
| Suppliers | 440/4 | €9,165 | €9,214 | +€49 | +0.5% |
| Taxes, remuneration and social security | 45 | €35,459 | €44,803 | +€9,344 | +26.4% |
| Taxes | 450/3 | €35,459 | €44,803 | +€9,344 | +26.4% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,322 | €40,650 | +€4,328 | +11.9% |
| Other operating charges | 640/8 | €2,478 | €14,037 | +€11,559 | +466.4% |
| Gross operating margin | 9900 | €110,838 | €146,352 | +€35,514 | +32.0% |
| Operating profit (loss) | 9901 | €72,037 | €91,665 | +€19,627 | +27.2% |
| Financial income | 75/76B | €983 | €3,608 | +€2,625 | +267.2% |
| Recurring financial income | 75 | €192 | €3,608 | +€3,416 | +1779.7% |
| Non-recurring financial income | 76B | €791 | - | -€791 | |
| Financial charges | 65/66B | €6,868 | €5,347 | -€1,521 | -22.1% |
| Recurring financial charges | 65 | €4,074 | €5,347 | +€1,273 | +31.2% |
| Non-recurring financial charges | 66B | €2,794 | - | -€2,794 | |
| Profit (loss) for the period before taxes | 9903 | €66,152 | €89,925 | +€23,773 | +35.9% |
| Income taxes | 67/77 | €28,633 | €37,477 | +€8,843 | +30.9% |
| Profit (loss) for the period | 9904 | €37,518 | €52,449 | +€14,930 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,518 | €52,449 | +€14,930 | +39.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.