TEGEL DESIGN: 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.
TEGEL DESIGN
Largest movements
- Tangible fixed assets -€43,129
down €43,129 (-65.3%), from €66,076 to €22,947
- Receivables within one year +€13,136
up €13,136 (+17.8%), from €73,799 to €86,934
of which Trade receivables: +€12,133
- Stocks and contracts +€7,959
new in 2025: €7,959
- Cash -€5,177
down €5,177 (-24.1%), from €21,482 to €16,305
mainly Debts after one year (-€13,284) and Receivables within one year (-€13,136)
- Debts after one year -€13,284
down €13,284 (-38.6%), from €34,441 to €21,157
- Trade debts -€7,622
no longer reported in 2025 (was €7,622)
- Tax, wage and social debts -€6,912
down €6,912 (-33.8%), from €20,458 to €13,546
of which Taxes: -€6,562
- Gross operating margin -€13,991
down €13,991 (-19.6%), from €71,266 to €57,275
- Taxes -€6,963
down €6,963 (-72.0%), from €9,677 to €2,714
- Other operating charges -€3,202
down €3,202 (-33.3%), from €9,613 to €6,411
- Depreciation +€1,182
up €1,182 (+2.8%), from €41,947 to €43,129
- Staff costs +€754
up €754 (+162%), from €466 to €1,220
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 | €161,357 | €134,146 | -€27,212 | -16.9% |
| Fixed assets | 21/28 | €66,076 | €22,947 | -€43,129 | -65.3% |
| Tangible fixed assets | 22/27 | €66,076 | €22,947 | -€43,129 | -65.3% |
| Furniture and vehicles | 24 | €66,076 | €22,947 | -€43,129 | -65.3% |
| Current assets | 29/58 | €95,281 | €111,198 | +€15,917 | +16.7% |
| Stocks and contracts in progress | 3 | - | €7,959 | +€7,959 | |
| Stocks | 30/36 | - | €7,959 | +€7,959 | |
| Amounts receivable within one year | 40/41 | €73,799 | €86,934 | +€13,136 | +17.8% |
| Trade receivables | 40 | €65,919 | €78,052 | +€12,133 | +18.4% |
| Other amounts receivable | 41 | €7,880 | €8,883 | +€1,003 | +12.7% |
| Cash at bank and in hand | 54/58 | €21,482 | €16,305 | -€5,177 | -24.1% |
| Total equity and liabilities | 10/49 | €161,357 | €134,146 | -€27,212 | -16.9% |
| Equity | 10/15 | €85,725 | €86,159 | +€433 | +0.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €77,865 | €78,299 | +€433 | +0.6% |
| Amounts payable | 17/49 | €75,632 | €47,987 | -€27,645 | -36.6% |
| Amounts payable after more than one year | 17 | €34,441 | €21,157 | -€13,284 | -38.6% |
| Financial debts | 170/4 | €34,441 | €21,157 | -€13,284 | -38.6% |
| Amounts payable within one year | 42/48 | €41,191 | €26,830 | -€14,361 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €12,664 | €13,284 | +€621 | +4.9% |
| Trade debts | 44 | €7,622 | - | -€7,622 | |
| Suppliers | 440/4 | €7,622 | - | -€7,622 | |
| Taxes, remuneration and social security | 45 | €20,458 | €13,546 | -€6,912 | -33.8% |
| Taxes | 450/3 | €19,791 | €13,229 | -€6,562 | -33.2% |
| Remuneration and social security | 454/9 | €666 | €316 | -€350 | -52.5% |
| Other amounts payable | 47/48 | €447 | - | -€447 | |
| Remuneration, social security and pensions | 62 | €466 | €1,220 | +€754 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,947 | €43,129 | +€1,182 | +2.8% |
| Other operating charges | 640/8 | €9,613 | €6,411 | -€3,202 | -33.3% |
| Gross operating margin | 9900 | €71,266 | €57,275 | -€13,991 | -19.6% |
| Operating profit (loss) | 9901 | €19,241 | €6,516 | -€12,725 | -66.1% |
| Financial income | 75/76B | €118 | €548 | +€430 | +364% |
| Recurring financial income | 75 | €118 | €548 | +€430 | +364% |
| Financial charges | 65/66B | €3,540 | €3,916 | +€376 | +10.6% |
| Recurring financial charges | 65 | €3,540 | €3,916 | +€376 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €15,819 | €3,148 | -€12,671 | -80.1% |
| Income taxes | 67/77 | €9,677 | €2,714 | -€6,963 | -72.0% |
| Profit (loss) for the period | 9904 | €6,142 | €433 | -€5,708 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,142 | €433 | -€5,708 | -92.9% |
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 18 October 2026 via checked.be.