Teepy Belgium: what changed
What changed
Teepy Belgium
NACE 85.510, Sports and recreation education
filed annual accounts (NBB)
Net result for the year
-€3,095
2024 · -€24,525+€21,430
Equity
-€13,030
2024 · -€9,935-€3,095
Cash
€6,225
2024 · €0+€6,225
Balance sheet total
€68,552
2024 · €90,667-€22,115
Largest movements
Assets
- Receivables within one year -€18,654
down €18,654 (-67.9%), from €27,490 to €8,836
of which Other amounts receivable: -€10,597
- Tangible fixed assets -€8,695
down €8,695 (-17.9%), from €48,696 to €40,001
of which Plant, machinery and equipment: -€6,526
- Cash +€6,225
up €6,225, from €0 to €6,225
mainly Receivables within one year (+€18,654) and Depreciation (+€16,640)
Equity and liabilities
- Debts after one year -€9,895
down €9,895 (-21.9%), from €45,134 to €35,239
- Trade debts -€6,568
down €6,568 (-18.5%), from €35,424 to €28,856
- Other debts -€3,119
down €3,119 (-22.5%), from €13,833 to €10,714
- Profit (loss) carried forward -€3,095
down €3,095 (-12.6%), from -€24,525 to -€27,620
- Tax, wage and social debts +€1,274
up €1,274 (+33.8%), from €3,764 to €5,038
of which Remuneration and social security: +€1,743
Income statement
- Gross operating margin +€36,902
up €36,902 (+102%), from €36,276 to €73,179
- Staff costs +€15,264
up €15,264 (+40.5%), from €37,663 to €52,927
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€24,525
Gross operating margin
+€36,902
Staff costs
-€15,264
Depreciation
-€98
Other operating charges
-€312
Other operating items
+€10
Financial income
+€13
Financial charges
+€182
Taxes
-€3
Result 2025
-€3,095
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€24,477
Investment
-€7,945
Financing
-€10,306
Cash 2024
€0
From operations (derived)
+€24,477
Net result for the year
-€3,095
Depreciation
+€16,640
Stocks and contracts
+€345
Receivables within one year
+€18,654
Deferred charges and accrued income
+€647
Trade debts
-€6,568
Tax, wage and social debts
+€1,274
Other debts
-€3,119
Accrued charges and deferred income
-€301
Investment (derived)
-€7,945
Investment in fixed assets (net)
-€7,945
Financing
-€10,306
Debts after one year
-€9,895
Short-term financial debts
-€411
Cash 2025
€6,225
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,667 | €68,552 | -€22,115 | -24.4% |
| Fixed assets | 21/28 | €54,296 | €45,601 | -€8,695 | -16.0% |
| Tangible fixed assets | 22/27 | €48,696 | €40,001 | -€8,695 | -17.9% |
| Plant, machinery and equipment | 23 | €40,986 | €34,460 | -€6,526 | -15.9% |
| Furniture and vehicles | 24 | €670 | €196 | -€475 | -70.8% |
| Other tangible fixed assets | 26 | €7,039 | €5,345 | -€1,694 | -24.1% |
| Financial fixed assets | 28 | €5,600 | €5,600 | = | 0.0% |
| Current assets | 29/58 | €36,371 | €22,951 | -€13,420 | -36.9% |
| Stocks and contracts in progress | 3 | €1,261 | €916 | -€345 | -27.4% |
| Stocks | 30/36 | €1,261 | €916 | -€345 | -27.4% |
| Amounts receivable within one year | 40/41 | €27,490 | €8,836 | -€18,654 | -67.9% |
| Trade receivables | 40 | €16,725 | €8,669 | -€8,057 | -48.2% |
| Other amounts receivable | 41 | €10,764 | €167 | -€10,597 | -98.4% |
| Cash at bank and in hand | 54/58 | €0 | €6,225 | +€6,225 | |
| Deferred charges and accrued income | 490/1 | €7,620 | €6,973 | -€647 | -8.5% |
| Total equity and liabilities | 10/49 | €90,667 | €68,552 | -€22,115 | -24.4% |
| Equity | 10/15 | -€9,935 | -€13,030 | -€3,095 | -31.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,590 | €9,590 | = | 0.0% |
| Distributable reserves | 133 | €9,590 | €9,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,525 | -€27,620 | -€3,095 | -12.6% |
| Amounts payable | 17/49 | €100,601 | €81,581 | -€19,020 | -18.9% |
| Amounts payable after more than one year | 17 | €45,134 | €35,239 | -€9,895 | -21.9% |
| Financial debts | 170/4 | €45,134 | €35,239 | -€9,895 | -21.9% |
| Amounts payable within one year | 42/48 | €53,431 | €44,607 | -€8,824 | -16.5% |
| Financial debts | 43 | €411 | €0 | -€411 | -100% |
| Credit institutions | 430/8 | €411 | €0 | -€411 | -100% |
| Trade debts | 44 | €35,424 | €28,856 | -€6,568 | -18.5% |
| Suppliers | 440/4 | €35,424 | €28,856 | -€6,568 | -18.5% |
| Taxes, remuneration and social security | 45 | €3,764 | €5,038 | +€1,274 | +33.8% |
| Taxes | 450/3 | €1,278 | €809 | -€469 | -36.7% |
| Remuneration and social security | 454/9 | €2,485 | €4,228 | +€1,743 | +70.1% |
| Other amounts payable | 47/48 | €13,833 | €10,714 | -€3,119 | -22.5% |
| Accrued charges and deferred income | 492/3 | €2,036 | €1,735 | -€301 | -14.8% |
| Remuneration, social security and pensions | 62 | €37,663 | €52,927 | +€15,264 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,542 | €16,640 | +€98 | +0.6% |
| Other operating charges | 640/8 | €3,791 | €4,104 | +€312 | +8.2% |
| Non-recurring operating charges | 66A | €10 | €0 | -€10 | -100% |
| Gross operating margin | 9900 | €36,276 | €73,179 | +€36,902 | +102% |
| Operating profit (loss) | 9901 | -€21,730 | -€492 | +€21,238 | +97.7% |
| Financial income | 75/76B | €95 | €108 | +€13 | +13.2% |
| Recurring financial income | 75 | €95 | €108 | +€13 | +13.2% |
| Financial charges | 65/66B | €2,654 | €2,472 | -€182 | -6.9% |
| Recurring financial charges | 65 | €2,654 | €2,472 | -€182 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,289 | -€2,856 | +€21,433 | +88.2% |
| Income taxes | 67/77 | €236 | €239 | +€3 | +1.2% |
| Profit (loss) for the period | 9904 | -€24,525 | -€3,095 | +€21,430 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,525 | -€3,095 | +€21,430 | +87.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.