TEEP’H LOGISTIC: 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.
TEEP’H LOGISTIC
Largest movements
- Tangible fixed assets +€24,760
up €24,760 (+79.0%), from €31,343 to €56,103
of which Furniture and vehicles: +€25,368
- Receivables within one year +€10,974
up €10,974 (+21.9%), from €50,163 to €61,137
of which Trade receivables: +€10,271
- Cash +€7,566
up €7,566 (+21.4%), from €35,330 to €42,895
mainly Net result for the year (+€55,560) and Depreciation (+€26,271)
- Financial fixed assets +€5,000
up €5,000 (+1,471%), from €340 to €5,340
- Reserves +€55,560
up €55,560 (+159%), from €34,857 to €90,416
- Debts after one year -€5,787
down €5,787 (-28.3%), from €20,454 to €14,666
- Tax, wage and social debts -€3,659
down €3,659 (-17.2%), from €21,228 to €17,569
of which Taxes: -€4,465
- Trade debts +€2,531
up €2,531 (+120%), from €2,112 to €4,643
- Gross operating margin +€74,059
up €74,059 (+148%), from €49,999 to €124,058
- Depreciation +€14,740
up €14,740 (+128%), from €11,531 to €26,271
- Taxes +€12,738
up €12,738 (+166%), from €7,689 to €20,427
- Staff costs +€12,070
up €12,070 (+312%), from €3,866 to €15,936
- Other operating charges +€1,855
up €1,855 (+233%), from €797 to €2,652
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 | €118,020 | €167,433 | +€49,413 | +41.9% |
| Fixed assets | 21/28 | €31,683 | €61,443 | +€29,760 | +93.9% |
| Tangible fixed assets | 22/27 | €31,343 | €56,103 | +€24,760 | +79.0% |
| Plant, machinery and equipment | 23 | €1,668 | €1,061 | -€608 | -36.4% |
| Furniture and vehicles | 24 | €29,675 | €55,043 | +€25,368 | +85.5% |
| Financial fixed assets | 28 | €340 | €5,340 | +€5,000 | +1,471% |
| Current assets | 29/58 | €86,337 | €105,989 | +€19,653 | +22.8% |
| Amounts receivable within one year | 40/41 | €50,163 | €61,137 | +€10,974 | +21.9% |
| Trade receivables | 40 | €50,141 | €60,413 | +€10,271 | +20.5% |
| Other amounts receivable | 41 | €22 | €725 | +€703 | +3,185% |
| Cash at bank and in hand | 54/58 | €35,330 | €42,895 | +€7,566 | +21.4% |
| Deferred charges and accrued income | 490/1 | €844 | €1,957 | +€1,113 | +132% |
| Total equity and liabilities | 10/49 | €118,020 | €167,433 | +€49,413 | +41.9% |
| Equity | 10/15 | €36,857 | €92,416 | +€55,560 | +151% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €34,857 | €90,416 | +€55,560 | +159% |
| Distributable reserves | 133 | €34,857 | €90,416 | +€55,560 | +159% |
| Amounts payable | 17/49 | €81,163 | €75,016 | -€6,147 | -7.6% |
| Amounts payable after more than one year | 17 | €20,454 | €14,666 | -€5,787 | -28.3% |
| Financial debts | 170/4 | €20,454 | €14,666 | -€5,787 | -28.3% |
| Amounts payable within one year | 42/48 | €60,709 | €60,350 | -€359 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €5,247 | €5,787 | +€540 | +10.3% |
| Trade debts | 44 | €2,112 | €4,643 | +€2,531 | +120% |
| Suppliers | 440/4 | €2,112 | €4,643 | +€2,531 | +120% |
| Taxes, remuneration and social security | 45 | €21,228 | €17,569 | -€3,659 | -17.2% |
| Taxes | 450/3 | €20,534 | €16,069 | -€4,465 | -21.7% |
| Remuneration and social security | 454/9 | €694 | €1,500 | +€806 | +116% |
| Other amounts payable | 47/48 | €32,122 | €32,350 | +€228 | +0.7% |
| Remuneration, social security and pensions | 62 | €3,866 | €15,936 | +€12,070 | +312% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,531 | €26,271 | +€14,740 | +128% |
| Other operating charges | 640/8 | €797 | €2,652 | +€1,855 | +233% |
| Gross operating margin | 9900 | €49,999 | €124,058 | +€74,059 | +148% |
| Operating profit (loss) | 9901 | €33,806 | €79,199 | +€45,394 | +134% |
| Financial income | 75/76B | €20 | €196 | +€176 | +883% |
| Recurring financial income | 75 | €20 | €196 | +€176 | +883% |
| Financial charges | 65/66B | €4,954 | €3,408 | -€1,545 | -31.2% |
| Recurring financial charges | 65 | €3,311 | €2,742 | -€569 | -17.2% |
| Non-recurring financial charges | 66B | €1,643 | €667 | -€976 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €28,872 | €75,987 | +€47,115 | +163% |
| Income taxes | 67/77 | €7,689 | €20,427 | +€12,738 | +166% |
| Profit (loss) for the period | 9904 | €21,183 | €55,560 | +€34,376 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €21,183 | €55,560 | +€34,376 | +162% |
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 18 October 2026 via checked.be.