TEEMO 1: 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.
TEEMO 1
Largest movements
- Cash +€24,369
up €24,369 (+78.8%), from €30,936 to €55,305
mainly Net result for the year (+€52,597) and Debts after one year (+€43,906)
- Receivables within one year +€18,513
up €18,513 (+30.7%), from €60,329 to €78,842
of which Trade receivables: +€13,575
- Tangible fixed assets -€10,978
down €10,978 (-2.6%), from €428,754 to €417,776
of which Land and buildings: -€13,974
- Debts after one year +€43,906
up €43,906 (+13.6%), from €323,862 to €367,768
- Profit (loss) carried forward -€24,167
down €24,167 (-26.7%), from €90,681 to €66,514
- Current portion of long-term debt +€21,469
up €21,469 (+142.9%), from €15,023 to €36,492
- Trade debts -€9,156
down €9,156 (-21.9%), from €41,809 to €32,653
- Gross operating margin +€44,330
up €44,330 (+87.6%), from €50,612 to €94,943
- Taxes +€7,467
up €7,467 (+72.5%), from €10,306 to €17,772
- Financial charges +€1,859
up €1,859 (+23.5%), from €7,915 to €9,775
- Depreciation +€1,620
up €1,620 (+11.9%), from €13,632 to €15,252
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 | €520,273 | €552,271 | +€31,998 | +6.2% |
| Fixed assets | 21/28 | €428,754 | €417,776 | -€10,978 | -2.6% |
| Tangible fixed assets | 22/27 | €428,754 | €417,776 | -€10,978 | -2.6% |
| Land and buildings | 22 | €427,511 | €413,537 | -€13,974 | -3.3% |
| Plant, machinery and equipment | 23 | €226 | €3,526 | +€3,300 | +1460.9% |
| Furniture and vehicles | 24 | €1,017 | €713 | -€304 | -29.9% |
| Current assets | 29/58 | €91,519 | €134,496 | +€42,977 | +47.0% |
| Amounts receivable within one year | 40/41 | €60,329 | €78,842 | +€18,513 | +30.7% |
| Trade receivables | 40 | €38,156 | €51,731 | +€13,575 | +35.6% |
| Other amounts receivable | 41 | €22,173 | €27,111 | +€4,938 | +22.3% |
| Cash at bank and in hand | 54/58 | €30,936 | €55,305 | +€24,369 | +78.8% |
| Deferred charges and accrued income | 490/1 | €254 | €349 | +€95 | +37.6% |
| Total equity and liabilities | 10/49 | €520,273 | €552,271 | +€31,998 | +6.2% |
| Equity | 10/15 | €111,141 | €86,974 | -€24,167 | -21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,681 | €66,514 | -€24,167 | -26.7% |
| Amounts payable | 17/49 | €409,132 | €465,298 | +€56,166 | +13.7% |
| Amounts payable after more than one year | 17 | €323,862 | €367,768 | +€43,906 | +13.6% |
| Financial debts | 170/4 | €323,862 | €367,768 | +€43,906 | +13.6% |
| Amounts payable within one year | 42/48 | €84,079 | €97,530 | +€13,451 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €15,023 | €36,492 | +€21,469 | +142.9% |
| Trade debts | 44 | €41,809 | €32,653 | -€9,156 | -21.9% |
| Suppliers | 440/4 | €41,809 | €32,653 | -€9,156 | -21.9% |
| Advances received on contracts in progress | 46 | €429 | €429 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €26,818 | €27,956 | +€1,138 | +4.2% |
| Taxes | 450/3 | €26,818 | €27,956 | +€1,138 | +4.2% |
| Accrued charges and deferred income | 492/3 | €1,191 | - | -€1,191 | |
| Non-recurring operating income | 76A | - | €15,374 | +€15,374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,632 | €15,252 | +€1,620 | +11.9% |
| Other operating charges | 640/8 | €70 | €943 | +€873 | +1245.0% |
| Gross operating margin | 9900 | €50,612 | €94,943 | +€44,330 | +87.6% |
| Operating profit (loss) | 9901 | €36,910 | €78,748 | +€41,838 | +113.4% |
| Financial income | 75/76B | €1,126 | €1,397 | +€271 | +24.0% |
| Recurring financial income | 75 | €1,126 | €1,397 | +€271 | +24.0% |
| Financial charges | 65/66B | €7,915 | €9,775 | +€1,859 | +23.5% |
| Recurring financial charges | 65 | €7,915 | €9,775 | +€1,859 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €30,120 | €70,370 | +€40,249 | +133.6% |
| Income taxes | 67/77 | €10,306 | €17,772 | +€7,467 | +72.5% |
| Profit (loss) for the period | 9904 | €19,814 | €52,597 | +€32,783 | +165.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,814 | €52,597 | +€32,783 | +165.4% |
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 9 October 2026 via checked.be.