TEEVAN: 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.
What changed
TEEVAN
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€265
2024 · €6,857-€7,122
Equity
€233,934
2024 · €234,200-€266
Cash
€6,962
2024 · €4,499+€2,463
Balance sheet total
€726,585
2024 · €730,919-€4,334
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€38,579
down €38,579 (-20.6%), from €187,278 to €148,699
- Other debts +€19,810
up €19,810 (+24.3%), from €81,591 to €101,401
- Short-term financial debts +€13,000
up €13,000 (+9.2%), from €142,000 to €155,000
Income statement
- Gross operating margin -€8,153
down €8,153 (-13.6%), from €60,142 to €51,989
- Financial charges -€1,335
down €1,335 (-7.0%), from €18,962 to €17,627
- Depreciation +€1,141
up €1,141 (+3.9%), from €28,912 to €30,053
- Taxes -€712
down €712 (-55.8%), from €1,276 to €564
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.
Result 2024
€6,857
Gross operating margin
-€8,153
Depreciation
-€1,141
Other operating charges
+€115
Financial income
+€11
Financial charges
+€1,335
Taxes
+€712
Deferred taxes and other
-€1
Result 2025
-€265
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€53,663
Investment
-€26,674
Financing
-€24,526
Cash 2024
€4,499
From operations (derived)
+€53,663
Net result for the year
-€265
Depreciation
+€30,053
Receivables within one year
+€5,866
Deferred charges and accrued income
-€2,448
Provisions
-€2,650
Trade debts
+€1,637
Tax, wage and social debts
+€47
Advances received
+€1,902
Other debts
+€19,810
Accrued charges and deferred income
-€289
Investment (derived)
-€26,674
Investment in fixed assets (net)
-€26,674
Financing
-€24,526
Debts after one year
-€38,579
Current portion of long-term debt
+€1,054
Short-term financial debts
+€13,000
Contributions, distributions and other
-€1
Cash 2025
€6,962
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €730,919 | €726,585 | -€4,334 | -0.6% |
| Fixed assets | 21/28 | €717,778 | €714,399 | -€3,379 | -0.5% |
| Tangible fixed assets | 22/27 | €717,778 | €714,399 | -€3,379 | -0.5% |
| Land and buildings | 22 | €706,816 | €681,987 | -€24,829 | -3.5% |
| Plant, machinery and equipment | 23 | €3,990 | €2,641 | -€1,349 | -33.8% |
| Furniture and vehicles | 24 | €6,972 | €29,771 | +€22,799 | +327% |
| Current assets | 29/58 | €13,141 | €12,186 | -€955 | -7.3% |
| Amounts receivable within one year | 40/41 | €8,473 | €2,607 | -€5,866 | -69.2% |
| Trade receivables | 40 | €8,473 | - | -€8,473 | |
| Other amounts receivable | 41 | - | €2,607 | +€2,607 | |
| Cash at bank and in hand | 54/58 | €4,499 | €6,962 | +€2,463 | +54.7% |
| Deferred charges and accrued income | 490/1 | €169 | €2,617 | +€2,448 | +1,449% |
| Total equity and liabilities | 10/49 | €730,919 | €726,585 | -€4,334 | -0.6% |
| Equity | 10/15 | €234,200 | €233,934 | -€266 | -0.1% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €110,200 | €109,934 | -€266 | -0.2% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €79,173 | €73,265 | -€5,908 | -7.5% |
| Distributable reserves | 133 | €18,627 | €24,269 | +€5,642 | +30.3% |
| Provisions and deferred taxes | 16 | €35,269 | €32,619 | -€2,650 | -7.5% |
| Deferred taxes | 168 | €35,269 | €32,619 | -€2,650 | -7.5% |
| Amounts payable | 17/49 | €461,450 | €460,032 | -€1,418 | -0.3% |
| Amounts payable after more than one year | 17 | €187,278 | €148,699 | -€38,579 | -20.6% |
| Financial debts | 170/4 | €187,278 | €148,699 | -€38,579 | -20.6% |
| Amounts payable within one year | 42/48 | €266,201 | €303,651 | +€37,450 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €37,524 | €38,578 | +€1,054 | +2.8% |
| Financial debts | 43 | €142,000 | €155,000 | +€13,000 | +9.2% |
| Other loans | 439 | €142,000 | €155,000 | +€13,000 | +9.2% |
| Trade debts | 44 | - | €1,637 | +€1,637 | |
| Suppliers | 440/4 | - | €1,637 | +€1,637 | |
| Advances received on contracts in progress | 46 | - | €1,902 | +€1,902 | |
| Taxes, remuneration and social security | 45 | €5,086 | €5,133 | +€47 | +0.9% |
| Taxes | 450/3 | €5,086 | €5,133 | +€47 | +0.9% |
| Other amounts payable | 47/48 | €81,591 | €101,401 | +€19,810 | +24.3% |
| Accrued charges and deferred income | 492/3 | €7,971 | €7,682 | -€289 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,912 | €30,053 | +€1,141 | +3.9% |
| Other operating charges | 640/8 | €6,785 | €6,670 | -€115 | -1.7% |
| Gross operating margin | 9900 | €60,142 | €51,989 | -€8,153 | -13.6% |
| Operating profit (loss) | 9901 | €24,445 | €15,266 | -€9,179 | -37.5% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €18,962 | €17,627 | -€1,335 | -7.0% |
| Recurring financial charges | 65 | €18,962 | €17,627 | -€1,335 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €5,483 | -€2,350 | -€7,833 | |
| Transfer from deferred taxes | 780 | €2,650 | €2,649 | -€1 | 0.0% |
| Income taxes | 67/77 | €1,276 | €564 | -€712 | -55.8% |
| Profit (loss) for the period | 9904 | €6,857 | -€265 | -€7,122 | |
| Transfer from tax-exempt reserves | 789 | €5,908 | €5,907 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,765 | €5,642 | -€7,123 | -55.8% |
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 28 October 2026 via checked.be.