TEEPEE: 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.
TEEPEE
Largest movements
- Receivables within one year +€12,874
up €12,874 (+354.7%), from €3,629 to €16,503
of which Trade receivables: +€12,874
- Tangible fixed assets -€10,197
down €10,197 (-2.1%), from €475,554 to €465,357
of which Land and buildings: -€9,675
- Debts after one year -€33,655
down €33,655 (-14.2%), from €236,415 to €202,760
- Profit (loss) carried forward +€12,124
up €12,124 (+39.6%), from €30,621 to €42,745
- Trade debts +€11,205
up €11,205 (+5472.9%), from €205 to €11,410
- Other debts +€9,500
up €9,500 (+6.4%), from €148,211 to €157,711
- Accrued charges and deferred income +€5,667
up €5,667 (+235.4%), from €2,407 to €8,074
- Gross operating margin +€7,270
up €7,270 (+17.6%), from €41,319 to €48,589
- Taxes +€2,038
up €2,038 (+85.8%), from €2,376 to €4,413
- Financial charges -€1,459
down €1,459 (-19.0%), from €7,691 to €6,233
- Depreciation +€656
up €656 (+3.5%), from €18,993 to €19,648
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 | €480,671 | €484,596 | +€3,925 | +0.8% |
| Fixed assets | 21/28 | €475,554 | €465,357 | -€10,197 | -2.1% |
| Tangible fixed assets | 22/27 | €475,554 | €465,357 | -€10,197 | -2.1% |
| Land and buildings | 22 | €475,032 | €465,357 | -€9,675 | -2.0% |
| Plant, machinery and equipment | 23 | €522 | - | -€522 | |
| Current assets | 29/58 | €5,116 | €19,238 | +€14,122 | +276.0% |
| Amounts receivable within one year | 40/41 | €3,629 | €16,503 | +€12,874 | +354.7% |
| Trade receivables | 40 | €2,368 | €15,242 | +€12,874 | +543.6% |
| Other amounts receivable | 41 | €1,261 | €1,261 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,487 | €2,736 | +€1,248 | +83.9% |
| Total equity and liabilities | 10/49 | €480,671 | €484,596 | +€3,925 | +0.8% |
| Equity | 10/15 | €45,031 | €57,155 | +€12,124 | +26.9% |
| Contributions | 10/11 | €12,550 | €12,550 | = | 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 | €30,621 | €42,745 | +€12,124 | +39.6% |
| Amounts payable | 17/49 | €435,639 | €427,440 | -€8,199 | -1.9% |
| Amounts payable after more than one year | 17 | €236,415 | €202,760 | -€33,655 | -14.2% |
| Financial debts | 170/4 | €236,415 | €202,760 | -€33,655 | -14.2% |
| Amounts payable within one year | 42/48 | €196,818 | €216,606 | +€19,789 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €37,904 | €39,255 | +€1,350 | +3.6% |
| Trade debts | 44 | €205 | €11,410 | +€11,205 | +5472.9% |
| Suppliers | 440/4 | €205 | €11,410 | +€11,205 | +5472.9% |
| Taxes, remuneration and social security | 45 | €10,498 | €8,231 | -€2,267 | -21.6% |
| Taxes | 450/3 | €10,498 | €8,231 | -€2,267 | -21.6% |
| Other amounts payable | 47/48 | €148,211 | €157,711 | +€9,500 | +6.4% |
| Accrued charges and deferred income | 492/3 | €2,407 | €8,074 | +€5,667 | +235.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,993 | €19,648 | +€656 | +3.5% |
| Other operating charges | 640/8 | €5,920 | €6,171 | +€250 | +4.2% |
| Gross operating margin | 9900 | €41,319 | €48,589 | +€7,270 | +17.6% |
| Operating profit (loss) | 9901 | €16,406 | €22,770 | +€6,365 | +38.8% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €7,691 | €6,233 | -€1,459 | -19.0% |
| Recurring financial charges | 65 | €7,691 | €6,233 | -€1,459 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €8,718 | €16,538 | +€7,820 | +89.7% |
| Income taxes | 67/77 | €2,376 | €4,413 | +€2,038 | +85.8% |
| Profit (loss) for the period | 9904 | €6,342 | €12,124 | +€5,782 | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,342 | €12,124 | +€5,782 | +91.2% |
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 10 October 2026 via checked.be.