TEE COMME: 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.
TEE COMME
Largest movements
- Receivables within one year +€47,437
up €47,437 (+36.6%), from €129,551 to €176,988
of which Other amounts receivable: +€74,240
- Tangible fixed assets -€46,558
down €46,558 (-13.3%), from €348,992 to €302,434
of which Land and buildings: -€86,640
- Cash -€29,870
down €29,870 (-15.5%), from €193,217 to €163,347
mainly Investment in fixed assets (net) (-€58,978) and Receivables within one year (-€47,437)
- Deferred charges and accrued income +€8,917
new in 2025: €8,917
- Tax, wage and social debts -€32,658
down €32,658 (-45.4%), from €71,880 to €39,222
of which Taxes: -€41,155
- Current portion of long-term debt +€19,732
new in 2025: €19,732
- Other debts -€18,452
down €18,452 (-94.7%), from €19,491 to €1,039
- Trade debts +€14,362
up €14,362 (+18.0%), from €79,971 to €94,333
- Debts after one year -€12,059
down €12,059 (-6.1%), from €196,456 to €184,398
- Turnover -€690,085
no longer reported in 2025 (was €690,085)
- Purchases and services -€471,823
no longer reported in 2025 (was €471,823)
- Gross operating margin +€98,625
up €98,625 (+45.2%), from €218,262 to €316,887
- Depreciation +€77,332
up €77,332 (+274%), from €28,204 to €105,536
- Staff costs +€72,795
up €72,795 (+77.5%), from €93,972 to €166,767
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 | €671,760 | €653,611 | -€18,149 | -2.7% |
| Fixed assets | 21/28 | €348,992 | €302,434 | -€46,558 | -13.3% |
| Tangible fixed assets | 22/27 | €348,992 | €302,434 | -€46,558 | -13.3% |
| Land and buildings | 22 | €328,447 | €241,807 | -€86,640 | -26.4% |
| Plant, machinery and equipment | 23 | €17,095 | €32,956 | +€15,861 | +92.8% |
| Furniture and vehicles | 24 | €1,700 | €7,656 | +€5,956 | +350% |
| Leasing and similar rights | 25 | €1,750 | €18,498 | +€16,748 | +957% |
| Assets under construction and advance payments | 27 | - | €1,518 | +€1,518 | |
| Current assets | 29/58 | €322,768 | €351,177 | +€28,409 | +8.8% |
| Stocks and contracts in progress | 3 | - | €1,925 | +€1,925 | |
| Stocks | 30/36 | - | €1,925 | +€1,925 | |
| Amounts receivable within one year | 40/41 | €129,551 | €176,988 | +€47,437 | +36.6% |
| Trade receivables | 40 | €129,551 | €102,748 | -€26,803 | -20.7% |
| Other amounts receivable | 41 | - | €74,240 | +€74,240 | |
| Cash at bank and in hand | 54/58 | €193,217 | €163,347 | -€29,870 | -15.5% |
| Deferred charges and accrued income | 490/1 | - | €8,917 | +€8,917 | |
| Total equity and liabilities | 10/49 | €671,760 | €653,611 | -€18,149 | -2.7% |
| Equity | 10/15 | €303,962 | €314,888 | +€10,926 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €232,564 | €241,564 | +€9,000 | +3.9% |
| Non-distributable reserves | 130/1 | - | €50,000 | +€50,000 | |
| Reserves not available under the articles | 1311 | - | €50,000 | +€50,000 | |
| Distributable reserves | 133 | €232,564 | €191,564 | -€41,000 | -17.6% |
| Profit (loss) carried forward | 14 | €52,798 | €54,724 | +€1,926 | +3.6% |
| Amounts payable | 17/49 | €367,798 | €338,723 | -€29,075 | -7.9% |
| Amounts payable after more than one year | 17 | €196,456 | €184,398 | -€12,059 | -6.1% |
| Financial debts | 170/4 | €196,456 | €184,398 | -€12,059 | -6.1% |
| Amounts payable within one year | 42/48 | €171,342 | €154,325 | -€17,017 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | - | €19,732 | +€19,732 | |
| Trade debts | 44 | €79,971 | €94,333 | +€14,362 | +18.0% |
| Suppliers | 440/4 | €79,971 | €94,333 | +€14,362 | +18.0% |
| Taxes, remuneration and social security | 45 | €71,880 | €39,222 | -€32,658 | -45.4% |
| Taxes | 450/3 | €71,880 | €30,725 | -€41,155 | -57.3% |
| Remuneration and social security | 454/9 | - | €8,496 | +€8,496 | |
| Other amounts payable | 47/48 | €19,491 | €1,039 | -€18,452 | -94.7% |
| Turnover | 70 | €690,085 | - | -€690,085 | |
| Non-recurring operating income | 76A | - | €10,791 | +€10,791 | |
| Goods, raw materials, services and sundry goods | 60/61 | €471,823 | - | -€471,823 | |
| Remuneration, social security and pensions | 62 | €93,972 | €166,767 | +€72,795 | +77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,204 | €105,536 | +€77,332 | +274% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €94 | +€94 | |
| Other operating charges | 640/8 | €1,458 | €8,981 | +€7,523 | +516% |
| Gross operating margin | 9900 | €218,262 | €316,887 | +€98,625 | +45.2% |
| Operating profit (loss) | 9901 | €94,628 | €35,509 | -€59,119 | -62.5% |
| Financial income | 75/76B | €18,781 | €101 | -€18,680 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Non-recurring financial income | 76B | €18,779 | €101 | -€18,678 | -99.5% |
| Financial charges | 65/66B | €8,039 | €18,133 | +€10,094 | +126% |
| Recurring financial charges | 65 | €8,039 | €18,133 | +€10,094 | +126% |
| Profit (loss) for the period before taxes | 9903 | €105,370 | €17,477 | -€87,893 | -83.4% |
| Income taxes | 67/77 | €37,306 | €6,551 | -€30,755 | -82.4% |
| Profit (loss) for the period | 9904 | €68,064 | €10,926 | -€57,138 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,064 | €10,926 | -€57,138 | -83.9% |
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 15 October 2026 via checked.be.