TEEKAY INC.: 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.
TEEKAY INC.
Largest movements
- Receivables within one year +€24,736
up €24,736 (+64.8%), from €38,148 to €62,883
of which Other amounts receivable: +€25,171
- Current investments -€13,491
down €13,491 (-44.1%), from €30,602 to €17,111
- Cash -€5,564
down €5,564 (-89.6%), from €6,209 to €645
mainly Receivables within one year (-€24,736) and Contributions, distributions and other (-€3,735)
- Deferred charges and accrued income +€1,920
new in 2025: €1,920
- Trade debts +€7,402
up €7,402 (+121%), from €6,110 to €13,512
- Tax, wage and social debts -€2,931
down €2,931 (-11.2%), from €26,197 to €23,266
of which Taxes: -€2,931
- Reserves +€2,181
up €2,181 (+1.9%), from €112,686 to €114,868
- Gross operating margin -€37,751
down €37,751 (-81.9%), from €46,121 to €8,370
- Taxes -€10,190
down €10,190 (-65.3%), from €15,595 to €5,405
- Financial income +€1,717
up €1,717 (+43.2%), from €3,977 to €5,693
- Other operating charges +€706
up €706 (+58.6%), from €1,206 to €1,912
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 | €151,757 | €158,757 | +€7,000 | +4.6% |
| Fixed assets | 21/28 | €1,798 | €1,198 | -€600 | -33.4% |
| Tangible fixed assets | 22/27 | €1,753 | €1,153 | -€600 | -34.2% |
| Furniture and vehicles | 24 | €1,753 | €1,153 | -€600 | -34.2% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €149,959 | €157,559 | +€7,600 | +5.1% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,148 | €62,883 | +€24,736 | +64.8% |
| Trade receivables | 40 | €11,291 | €10,855 | -€436 | -3.9% |
| Other amounts receivable | 41 | €26,857 | €52,028 | +€25,171 | +93.7% |
| Current investments | 50/53 | €30,602 | €17,111 | -€13,491 | -44.1% |
| Cash at bank and in hand | 54/58 | €6,209 | €645 | -€5,564 | -89.6% |
| Deferred charges and accrued income | 490/1 | - | €1,920 | +€1,920 | |
| Total equity and liabilities | 10/49 | €151,757 | €158,757 | +€7,000 | +4.6% |
| Equity | 10/15 | €119,333 | €121,514 | +€2,181 | +1.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €112,686 | €114,868 | +€2,181 | +1.9% |
| Distributable reserves | 133 | €112,686 | €114,868 | +€2,181 | +1.9% |
| Profit (loss) carried forward | 14 | €6,546 | €6,546 | = | 0.0% |
| Amounts payable | 17/49 | €32,424 | €37,243 | +€4,819 | +14.9% |
| Amounts payable within one year | 42/48 | €32,424 | €37,243 | +€4,819 | +14.9% |
| Financial debts | 43 | €117 | €465 | +€347 | +297% |
| Credit institutions | 430/8 | €117 | €465 | +€347 | +297% |
| Trade debts | 44 | €6,110 | €13,512 | +€7,402 | +121% |
| Suppliers | 440/4 | €6,110 | €13,512 | +€7,402 | +121% |
| Taxes, remuneration and social security | 45 | €26,197 | €23,266 | -€2,931 | -11.2% |
| Taxes | 450/3 | €23,697 | €20,766 | -€2,931 | -12.4% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Non-recurring operating income | 76A | €1,438 | €0 | -€1,438 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €977 | €600 | -€376 | -38.6% |
| Other operating charges | 640/8 | €1,206 | €1,912 | +€706 | +58.6% |
| Gross operating margin | 9900 | €46,121 | €8,370 | -€37,751 | -81.9% |
| Operating profit (loss) | 9901 | €43,939 | €5,858 | -€38,081 | -86.7% |
| Financial income | 75/76B | €3,977 | €5,693 | +€1,717 | +43.2% |
| Recurring financial income | 75 | €3,977 | €5,693 | +€1,717 | +43.2% |
| Financial charges | 65/66B | €377 | €230 | -€147 | -39.0% |
| Recurring financial charges | 65 | €377 | €230 | -€147 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €47,538 | €11,321 | -€36,217 | -76.2% |
| Income taxes | 67/77 | €15,595 | €5,405 | -€10,190 | -65.3% |
| Profit (loss) for the period | 9904 | €31,943 | €5,916 | -€26,027 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,943 | €5,916 | -€26,027 | -81.5% |
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 14 October 2026 via checked.be.