TEERLINCKHOEVE: 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.
TEERLINCKHOEVE
Largest movements
- Receivables within one year +€27,232
up €27,232 (+130.9%), from €20,802 to €48,034
of which Trade receivables: +€27,232
- Tangible fixed assets -€26,902
down €26,902 (-6.9%), from €387,559 to €360,656
of which Land and buildings: -€24,252
- Cash +€5,197
up €5,197 (+68.7%), from €7,565 to €12,763
mainly Depreciation (+€35,644) and Trade debts (+€30,171)
- Intangible fixed assets -€4,916
down €4,916 (-46.5%), from €10,583 to €5,666
- Trade debts +€30,171
up €30,171 (+115.6%), from €26,097 to €56,268
- Debts after one year -€27,833
down €27,833 (-10.6%), from €263,002 to €235,169
- Depreciation -€5,710
down €5,710 (-13.8%), from €41,354 to €35,644
- Gross operating margin -€5,127
down €5,127 (-7.8%), from €65,331 to €60,203
- Other operating charges -€2,973
down €2,973 (-19.3%), from €15,422 to €12,449
- Financial charges +€1,531
up €1,531 (+23.4%), from €6,553 to €8,084
- Taxes +€878
new in 2025: €878
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 | €429,053 | €429,958 | +€905 | +0.2% |
| Fixed assets | 21/28 | €398,141 | €366,323 | -€31,819 | -8.0% |
| Intangible fixed assets | 21 | €10,583 | €5,666 | -€4,916 | -46.5% |
| Tangible fixed assets | 22/27 | €387,559 | €360,656 | -€26,902 | -6.9% |
| Land and buildings | 22 | €380,361 | €356,109 | -€24,252 | -6.4% |
| Plant, machinery and equipment | 23 | €7,198 | €4,547 | -€2,651 | -36.8% |
| Current assets | 29/58 | €30,911 | €63,635 | +€32,724 | +105.9% |
| Amounts receivable within one year | 40/41 | €20,802 | €48,034 | +€27,232 | +130.9% |
| Trade receivables | 40 | €20,748 | €47,980 | +€27,232 | +131.3% |
| Other amounts receivable | 41 | €54 | €54 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,565 | €12,763 | +€5,197 | +68.7% |
| Deferred charges and accrued income | 490/1 | €2,544 | €2,838 | +€294 | +11.6% |
| Total equity and liabilities | 10/49 | €429,053 | €429,958 | +€905 | +0.2% |
| Equity | 10/15 | -€65,103 | -€61,950 | +€3,153 | +4.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,653 | -€80,500 | +€3,153 | +3.8% |
| Amounts payable | 17/49 | €494,156 | €491,908 | -€2,247 | -0.5% |
| Amounts payable after more than one year | 17 | €263,002 | €235,169 | -€27,833 | -10.6% |
| Financial debts | 170/4 | €263,002 | €235,169 | -€27,833 | -10.6% |
| Amounts payable within one year | 42/48 | €227,763 | €255,506 | +€27,743 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €27,833 | €27,833 | = | 0.0% |
| Trade debts | 44 | €26,097 | €56,268 | +€30,171 | +115.6% |
| Suppliers | 440/4 | €26,097 | €56,268 | +€30,171 | +115.6% |
| Taxes, remuneration and social security | 45 | €3,178 | €2,541 | -€637 | -20.1% |
| Taxes | 450/3 | €1,178 | €2,541 | +€1,363 | +115.6% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €170,655 | €168,865 | -€1,790 | -1.0% |
| Accrued charges and deferred income | 492/3 | €3,391 | €1,233 | -€2,158 | -63.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €46 | €0 | -€46 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,354 | €35,644 | -€5,710 | -13.8% |
| Other operating charges | 640/8 | €15,422 | €12,449 | -€2,973 | -19.3% |
| Gross operating margin | 9900 | €65,331 | €60,203 | -€5,127 | -7.8% |
| Operating profit (loss) | 9901 | €8,508 | €12,111 | +€3,602 | +42.3% |
| Financial income | 75/76B | €11 | €4 | -€7 | -62.3% |
| Recurring financial income | 75 | €11 | €4 | -€7 | -62.3% |
| Financial charges | 65/66B | €6,553 | €8,084 | +€1,531 | +23.4% |
| Recurring financial charges | 65 | €6,553 | €8,084 | +€1,531 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €1,967 | €4,031 | +€2,064 | +105.0% |
| Income taxes | 67/77 | - | €878 | +€878 | |
| Profit (loss) for the period | 9904 | €1,967 | €3,153 | +€1,186 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,967 | €3,153 | +€1,186 | +60.3% |
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.