TEETH-4-2.: 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.
TEETH-4-2.
Largest movements
- Receivables within one year +€64,760
up €64,760 (+34.4%), from €188,182 to €252,942
of which Other amounts receivable: +€64,760
- Cash +€8,989
up €8,989 (+57.1%), from €15,744 to €24,733
mainly Net result for the year (+€45,689) and Trade debts (+€13,378)
- Deferred charges and accrued income -€8,544
down €8,544 (-61.7%), from €13,844 to €5,300
- Profit (loss) carried forward +€45,689
up €45,689 (+57.0%), from €80,221 to €125,910
- Trade debts +€13,378
up €13,378 (+813%), from €1,646 to €15,024
- Tax, wage and social debts +€5,714
up €5,714 (+14.9%), from €38,387 to €44,102
- Gross operating margin -€8,659
down €8,659 (-10.8%), from €80,196 to €71,537
- Taxes -€1,709
down €1,709 (-7.1%), from €24,237 to €22,529
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 | €220,314 | €285,095 | +€64,781 | +29.4% |
| Fixed assets | 21/28 | €2,543 | €2,120 | -€423 | -16.7% |
| Tangible fixed assets | 22/27 | €2,543 | €2,120 | -€423 | -16.7% |
| Furniture and vehicles | 24 | €2,543 | €2,120 | -€423 | -16.7% |
| Current assets | 29/58 | €217,770 | €282,975 | +€65,205 | +29.9% |
| Amounts receivable within one year | 40/41 | €188,182 | €252,942 | +€64,760 | +34.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €188,182 | €252,942 | +€64,760 | +34.4% |
| Cash at bank and in hand | 54/58 | €15,744 | €24,733 | +€8,989 | +57.1% |
| Deferred charges and accrued income | 490/1 | €13,844 | €5,300 | -€8,544 | -61.7% |
| Total equity and liabilities | 10/49 | €220,314 | €285,095 | +€64,781 | +29.4% |
| Equity | 10/15 | €169,281 | €214,970 | +€45,689 | +27.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,860 | €82,860 | = | 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% |
| Tax-exempt reserves | 132 | €81,000 | €81,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,221 | €125,910 | +€45,689 | +57.0% |
| Amounts payable | 17/49 | €51,033 | €70,126 | +€19,093 | +37.4% |
| Amounts payable within one year | 42/48 | €51,033 | €70,126 | +€19,093 | +37.4% |
| Trade debts | 44 | €1,646 | €15,024 | +€13,378 | +813% |
| Suppliers | 440/4 | €1,646 | €15,024 | +€13,378 | +813% |
| Taxes, remuneration and social security | 45 | €38,387 | €44,102 | +€5,714 | +14.9% |
| Taxes | 450/3 | €38,387 | €44,102 | +€5,714 | +14.9% |
| Other amounts payable | 47/48 | €11,000 | €11,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €693 | €1,302 | +€610 | +88.1% |
| Other operating charges | 640/8 | €2,341 | €1,966 | -€376 | -16.0% |
| Gross operating margin | 9900 | €80,196 | €71,537 | -€8,659 | -10.8% |
| Operating profit (loss) | 9901 | €77,162 | €68,269 | -€8,893 | -11.5% |
| Financial charges | 65/66B | €112 | €52 | -€60 | -53.5% |
| Recurring financial charges | 65 | €112 | €52 | -€60 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €77,051 | €68,217 | -€8,833 | -11.5% |
| Income taxes | 67/77 | €24,237 | €22,529 | -€1,709 | -7.1% |
| Profit (loss) for the period | 9904 | €52,813 | €45,689 | -€7,124 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,813 | €45,689 | -€7,124 | -13.5% |
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 27 October 2026 via checked.be.