TEDY RENOVATION: what changed
TEDY RENOVATION
Largest movements
- Receivables within one year +€12,953
up €12,953 (+188%), from €6,903 to €19,856
of which Trade receivables: +€15,770
- Cash -€8,520
down €8,520 (-36.0%), from €23,641 to €15,121
mainly Receivables within one year (-€12,953) and Investment in fixed assets (net) (-€1,646)
- Tangible fixed assets -€2,051
down €2,051 (-9.0%), from €22,718 to €20,667
of which Furniture and vehicles: -€1,364
- Trade debts +€2,831
up €2,831 (+181%), from €1,561 to €4,392
- Tax, wage and social debts -€699
down €699 (-7.8%), from €8,989 to €8,290
of which Taxes: -€1,799
- Current portion of long-term debt -€681
no longer reported in 2025 (was €681)
- Other debts +€681
up €681 (+38.7%), from €1,758 to €2,439
- Gross operating margin -€39,261
down €39,261 (-99.8%), from €39,332 to €71
- Taxes -€5,933
down €5,933 (-97.9%), from €6,063 to €129
- Financial income +€4,904
up €4,904 (+1,131%), from €434 to €5,338
of which Non-recurring financial income: +€4,483
- Other operating charges -€1,116
down €1,116 (-66.2%), from €1,684 to €569
- Depreciation +€461
up €461 (+14.2%), from €3,236 to €3,697
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,017 | €58,622 | +€2,604 | +4.6% |
| Fixed assets | 21/28 | €23,198 | €21,147 | -€2,051 | -8.8% |
| Tangible fixed assets | 22/27 | €22,718 | €20,667 | -€2,051 | -9.0% |
| Land and buildings | 22 | €17,100 | €16,560 | -€540 | -3.2% |
| Plant, machinery and equipment | 23 | €147 | - | -€147 | |
| Furniture and vehicles | 24 | €5,471 | €4,107 | -€1,364 | -24.9% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €32,819 | €37,475 | +€4,656 | +14.2% |
| Amounts receivable within one year | 40/41 | €6,903 | €19,856 | +€12,953 | +188% |
| Trade receivables | 40 | €2,671 | €18,441 | +€15,770 | +590% |
| Other amounts receivable | 41 | €4,232 | €1,415 | -€2,817 | -66.6% |
| Cash at bank and in hand | 54/58 | €23,641 | €15,121 | -€8,520 | -36.0% |
| Deferred charges and accrued income | 490/1 | €2,275 | €2,498 | +€223 | +9.8% |
| Total equity and liabilities | 10/49 | €56,017 | €58,622 | +€2,604 | +4.6% |
| Equity | 10/15 | €43,028 | €43,500 | +€472 | +1.1% |
| Contributions | 10/11 | €13,996 | €13,996 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,172 | €27,644 | +€472 | +1.7% |
| Amounts payable | 17/49 | €12,989 | €15,121 | +€2,132 | +16.4% |
| Amounts payable within one year | 42/48 | €12,989 | €15,121 | +€2,132 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €681 | - | -€681 | |
| Trade debts | 44 | €1,561 | €4,392 | +€2,831 | +181% |
| Suppliers | 440/4 | €1,561 | €4,392 | +€2,831 | +181% |
| Taxes, remuneration and social security | 45 | €8,989 | €8,290 | -€699 | -7.8% |
| Taxes | 450/3 | €7,989 | €6,190 | -€1,799 | -22.5% |
| Remuneration and social security | 454/9 | €1,000 | €2,100 | +€1,100 | +110% |
| Other amounts payable | 47/48 | €1,758 | €2,439 | +€681 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,236 | €3,697 | +€461 | +14.2% |
| Other operating charges | 640/8 | €1,684 | €569 | -€1,116 | -66.2% |
| Gross operating margin | 9900 | €39,332 | €71 | -€39,261 | -99.8% |
| Operating profit (loss) | 9901 | €34,412 | -€4,195 | -€38,607 | |
| Financial income | 75/76B | €434 | €5,338 | +€4,904 | +1,131% |
| Recurring financial income | 75 | €434 | €855 | +€421 | +97.1% |
| Non-recurring financial income | 76B | - | €4,483 | +€4,483 | |
| Financial charges | 65/66B | €873 | €541 | -€331 | -38.0% |
| Recurring financial charges | 65 | €873 | €541 | -€331 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €33,973 | €602 | -€33,371 | -98.2% |
| Income taxes | 67/77 | €6,063 | €129 | -€5,933 | -97.9% |
| Profit (loss) for the period | 9904 | €27,910 | €472 | -€27,438 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,910 | €472 | -€27,438 | -98.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.