TEDEKO: 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.
TEDEKO
Largest movements
- Current investments +€26,000
up €26,000 (+260.0%), from €10,000 to €36,000
- Stocks and contracts -€13,421
down €13,421 (-48.9%), from €27,421 to €14,000
- Cash -€7,651
down €7,651 (-5.5%), from €139,450 to €131,799
mainly Current investments (-€26,000) and Tax, wage and social debts (-€25,607)
- Receivables within one year +€5,313
up €5,313 (+5.4%), from €98,204 to €103,518
of which Trade receivables: +€6,156
- Trade debts +€32,974
up €32,974 (+57.4%), from €57,485 to €90,459
- Tax, wage and social debts -€25,607
down €25,607 (-78.5%), from €32,625 to €7,019
- Gross operating margin -€48,960
down €48,960 (-89.2%), from €54,896 to €5,936
- Taxes -€15,768
down €15,768 (-92.6%), from €17,023 to €1,255
- Depreciation +€1,452
up €1,452 (+124.5%), from €1,167 to €2,619
- Financial income +€561
up €561 (+310.3%), from €181 to €742
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 | €291,813 | €299,447 | +€7,634 | +2.6% |
| Fixed assets | 21/28 | €14,594 | €11,974 | -€2,619 | -17.9% |
| Intangible fixed assets | 21 | €9,776 | €7,721 | -€2,055 | -21.0% |
| Tangible fixed assets | 22/27 | €1,918 | €1,353 | -€564 | -29.4% |
| Furniture and vehicles | 24 | €1,817 | €1,353 | -€464 | -25.5% |
| Other tangible fixed assets | 26 | €100 | €0 | -€100 | -100.0% |
| Financial fixed assets | 28 | €2,900 | €2,900 | = | 0.0% |
| Current assets | 29/58 | €277,220 | €287,473 | +€10,253 | +3.7% |
| Stocks and contracts in progress | 3 | €27,421 | €14,000 | -€13,421 | -48.9% |
| Stocks | 30/36 | €27,421 | €14,000 | -€13,421 | -48.9% |
| Amounts receivable within one year | 40/41 | €98,204 | €103,518 | +€5,313 | +5.4% |
| Trade receivables | 40 | €93,740 | €99,896 | +€6,156 | +6.6% |
| Other amounts receivable | 41 | €4,465 | €3,622 | -€843 | -18.9% |
| Current investments | 50/53 | €10,000 | €36,000 | +€26,000 | +260.0% |
| Cash at bank and in hand | 54/58 | €139,450 | €131,799 | -€7,651 | -5.5% |
| Deferred charges and accrued income | 490/1 | €2,144 | €2,156 | +€12 | +0.6% |
| Total equity and liabilities | 10/49 | €291,813 | €299,447 | +€7,634 | +2.6% |
| Equity | 10/15 | €199,319 | €200,896 | +€1,576 | +0.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €189,319 | €190,896 | +€1,576 | +0.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €187,459 | €189,036 | +€1,576 | +0.8% |
| Amounts payable | 17/49 | €92,494 | €98,551 | +€6,057 | +6.5% |
| Amounts payable within one year | 42/48 | €92,494 | €98,551 | +€6,057 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €57,485 | €90,459 | +€32,974 | +57.4% |
| Suppliers | 440/4 | €57,485 | €90,459 | +€32,974 | +57.4% |
| Taxes, remuneration and social security | 45 | €32,625 | €7,019 | -€25,607 | -78.5% |
| Taxes | 450/3 | €32,625 | €7,019 | -€25,607 | -78.5% |
| Other amounts payable | 47/48 | €2,383 | €1,073 | -€1,310 | -55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,167 | €2,619 | +€1,452 | +124.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €54,896 | €5,936 | -€48,960 | -89.2% |
| Operating profit (loss) | 9901 | €53,342 | €2,917 | -€50,425 | -94.5% |
| Financial income | 75/76B | €181 | €742 | +€561 | +310.3% |
| Recurring financial income | 75 | €181 | €742 | +€561 | +310.3% |
| Financial charges | 65/66B | €749 | €827 | +€78 | +10.4% |
| Recurring financial charges | 65 | €749 | €827 | +€78 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €52,773 | €2,831 | -€49,942 | -94.6% |
| Income taxes | 67/77 | €17,023 | €1,255 | -€15,768 | -92.6% |
| Profit (loss) for the period | 9904 | €35,750 | €1,576 | -€34,174 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,750 | €1,576 | -€34,174 | -95.6% |
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 12 October 2026 via checked.be.