TEERLINCK J.: 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.
TEERLINCK J.
Largest movements
- Current investments +€607,489
up €607,489 (+224.8%), from €270,176 to €877,665
- Cash -€373,987
down €373,987 (-24.1%), from €1.6m to €1.2m
mainly Current investments (-€607,489) and Other debts (-€9,874)
- Reserves +€219,490
up €219,490 (+10.2%), from €2.1m to €2.4m
- Financial income -€22,807
down €22,807 (-78.1%), from €29,221 to €6,413
- Gross operating margin -€16,299
down €16,299 (-4.1%), from €394,370 to €378,071
- Taxes -€11,309
down €11,309 (-10.4%), from €108,732 to €97,423
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 | €2,195,899 | €2,411,275 | +€215,375 | +9.8% |
| Fixed assets | 21/28 | €373,349 | €356,242 | -€17,106 | -4.6% |
| Tangible fixed assets | 22/27 | €373,349 | €356,242 | -€17,106 | -4.6% |
| Land and buildings | 22 | €320,467 | €320,467 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,504 | €3,463 | -€1,041 | -23.1% |
| Furniture and vehicles | 24 | €48,378 | €32,312 | -€16,066 | -33.2% |
| Current assets | 29/58 | €1,822,551 | €2,055,032 | +€232,482 | +12.8% |
| Current investments | 50/53 | €270,176 | €877,665 | +€607,489 | +224.8% |
| Cash at bank and in hand | 54/58 | €1,551,229 | €1,177,242 | -€373,987 | -24.1% |
| Deferred charges and accrued income | 490/1 | €1,146 | €125 | -€1,021 | -89.1% |
| Total equity and liabilities | 10/49 | €2,195,899 | €2,411,275 | +€215,375 | +9.8% |
| Equity | 10/15 | €2,153,615 | €2,373,105 | +€219,490 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,147,415 | €2,366,905 | +€219,490 | +10.2% |
| Distributable reserves | 133 | €2,147,415 | €2,366,905 | +€219,490 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,285 | €38,170 | -€4,115 | -9.7% |
| Amounts payable within one year | 42/48 | €42,285 | €38,170 | -€4,115 | -9.7% |
| Trade debts | 44 | €5,086 | €55 | -€5,031 | -98.9% |
| Suppliers | 440/4 | €5,086 | €55 | -€5,031 | -98.9% |
| Taxes, remuneration and social security | 45 | €23,535 | €34,325 | +€10,790 | +45.8% |
| Taxes | 450/3 | €17,614 | €28,669 | +€11,056 | +62.8% |
| Remuneration and social security | 454/9 | €5,921 | €5,655 | -€266 | -4.5% |
| Other amounts payable | 47/48 | €13,663 | €3,790 | -€9,874 | -72.3% |
| Remuneration, social security and pensions | 62 | €50,074 | €46,387 | -€3,687 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,765 | €17,106 | +€341 | +2.0% |
| Other operating charges | 640/8 | €2,353 | €2,893 | +€540 | +23.0% |
| Gross operating margin | 9900 | €394,370 | €378,071 | -€16,299 | -4.1% |
| Operating profit (loss) | 9901 | €325,178 | €311,684 | -€13,494 | -4.1% |
| Financial income | 75/76B | €29,221 | €6,413 | -€22,807 | -78.1% |
| Recurring financial income | 75 | €29,221 | €6,413 | -€22,807 | -78.1% |
| Financial charges | 65/66B | €1,219 | €344 | -€875 | -71.8% |
| Recurring financial charges | 65 | €1,219 | €344 | -€875 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | €353,180 | €317,753 | -€35,427 | -10.0% |
| Income taxes | 67/77 | €108,732 | €97,423 | -€11,309 | -10.4% |
| Profit (loss) for the period | 9904 | €244,449 | €220,330 | -€24,118 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €244,449 | €220,330 | -€24,118 | -9.9% |
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 12 October 2026 via checked.be.