TEERLINCK LUC: 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 LUC
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€128,314
down €128,314 (-92.5%), from €138,786 to €10,472
mainly Current investments (-€250,000) and Other debts (-€13,216)
- Receivables within one year -€44,449
no longer reported in 2025 (was €44,449)
- Reserves +€88,510
up €88,510 (+190%), from €46,525 to €135,035
- Other debts -€13,216
down €13,216 (-71.6%), from €18,458 to €5,242
- Tax, wage and social debts +€6,500
up €6,500 (+433%), from €1,500 to €8,000
- Accrued charges and deferred income -€6,085
no longer reported in 2025 (was €6,085)
- Gross operating margin +€59,188
up €59,188 (+109%), from €54,192 to €113,380
- Depreciation -€9,725
no longer reported in 2025 (was €9,725)
- Taxes +€9,145
up €9,145 (+53.1%), from €17,215 to €26,360
- Financial income +€2,773
up €2,773 (+527%), from €526 to €3,299
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 | €183,235 | €260,472 | +€77,237 | +42.2% |
| Current assets | 29/58 | €183,235 | €260,472 | +€77,237 | +42.2% |
| Amounts receivable within one year | 40/41 | €44,449 | - | -€44,449 | |
| Trade receivables | 40 | €44,449 | - | -€44,449 | |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €138,786 | €10,472 | -€128,314 | -92.5% |
| Total equity and liabilities | 10/49 | €183,235 | €260,472 | +€77,237 | +42.2% |
| Equity | 10/15 | €150,985 | €239,495 | +€88,510 | +58.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €46,525 | €135,035 | +€88,510 | +190% |
| Distributable reserves | 133 | €46,525 | €135,035 | +€88,510 | +190% |
| Profit (loss) carried forward | 14 | €96,400 | €96,400 | = | 0.0% |
| Amounts payable | 17/49 | €32,250 | €20,977 | -€11,273 | -35.0% |
| Amounts payable within one year | 42/48 | €26,165 | €20,977 | -€5,188 | -19.8% |
| Trade debts | 44 | €6,207 | €7,735 | +€1,528 | +24.6% |
| Suppliers | 440/4 | €6,207 | €7,735 | +€1,528 | +24.6% |
| Taxes, remuneration and social security | 45 | €1,500 | €8,000 | +€6,500 | +433% |
| Taxes | 450/3 | €1,500 | €8,000 | +€6,500 | +433% |
| Other amounts payable | 47/48 | €18,458 | €5,242 | -€13,216 | -71.6% |
| Accrued charges and deferred income | 492/3 | €6,085 | - | -€6,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,725 | - | -€9,725 | |
| Other operating charges | 640/8 | €1,321 | €1,628 | +€307 | +23.2% |
| Gross operating margin | 9900 | €54,192 | €113,380 | +€59,188 | +109% |
| Operating profit (loss) | 9901 | €43,146 | €111,752 | +€68,606 | +159% |
| Financial income | 75/76B | €526 | €3,299 | +€2,773 | +527% |
| Recurring financial income | 75 | €526 | €3,299 | +€2,773 | +527% |
| Financial charges | 65/66B | €110 | €181 | +€71 | +64.5% |
| Recurring financial charges | 65 | €110 | €181 | +€71 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €43,562 | €114,870 | +€71,308 | +164% |
| Income taxes | 67/77 | €17,215 | €26,360 | +€9,145 | +53.1% |
| Profit (loss) for the period | 9904 | €26,347 | €88,510 | +€62,163 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €26,347 | €88,510 | +€62,163 | +236% |
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 25 October 2026 via checked.be.