TEGELCENTRUM: what changed
What changed
TEGELCENTRUM
NACE 46.835, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€101,523
2024 · €21,766-€123,289
Equity
-€58,097
2024 · €43,426-€101,523
Cash
€1,503
2024 · €31,858-€30,355
Balance sheet total
€373,827
2024 · €498,139-€124,312
Largest movements
Assets
- Stocks and contracts -€132,413
no longer reported in 2025 (was €132,413)
- Receivables within one year +€52,765
up €52,765 (+16.8%), from €314,289 to €367,054
- Cash -€30,355
down €30,355 (-95.3%), from €31,858 to €1,503
mainly Net result for the year (-€101,523) and Tax, wage and social debts (-€73,150)
- Tangible fixed assets -€14,404
no longer reported in 2025 (was €14,404)
of which Plant, machinery and equipment: -€8,234
- Receivables after one year +€5,270
new in 2025: €5,270
Equity and liabilities
- Profit (loss) carried forward -€101,523
down €101,523 (-218%), from -€46,636 to -€148,158
- Tax, wage and social debts -€73,150
down €73,150 (-55.0%), from €132,935 to €59,784
of which Remuneration and social security: -€70,551
- Trade debts +€46,676
up €46,676 (+23.2%), from €201,221 to €247,897
Income statement
- Gross operating margin -€275,464
down €275,464 (-50.7%), from €543,010 to €267,546
- Staff costs -€142,537
down €142,537 (-29.7%), from €480,484 to €337,946
- Other operating charges +€17,994
up €17,994 (+158%), from €11,403 to €29,397
- Write-downs -€10,731
down €10,731 (-78.7%), from €13,635 to €2,904
- Depreciation -€7,203
no longer reported in 2025 (was €7,203)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€21,766
Gross operating margin
-€275,464
Staff costs
+€142,537
Depreciation
+€7,203
Write-downs
+€10,731
Other operating charges
-€17,994
Financial income
+€1,546
Financial charges
+€2,661
Taxes
+€5,491
Result 2025
-€101,523
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€49,635
Investment
+€15,038
Financing
+€4,242
Cash 2024
€31,858
From operations (derived)
-€49,635
Net result for the year
-€101,523
Receivables after one year
-€5,270
Stocks and contracts
+€132,413
Receivables within one year
-€52,765
Deferred charges and accrued income
+€4,540
Trade debts
+€46,676
Tax, wage and social debts
-€73,150
Accrued charges and deferred income
-€557
Investment (derived)
+€15,038
Investment in fixed assets (net)
+€15,038
Financing
+€4,242
Current portion of long-term debt
+€4,242
Cash 2025
€1,503
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €498,139 | €373,827 | -€124,312 | -25.0% |
| Fixed assets | 21/28 | €15,038 | - | -€15,038 | |
| Intangible fixed assets | 21 | €634 | - | -€634 | |
| Tangible fixed assets | 22/27 | €14,404 | - | -€14,404 | |
| Plant, machinery and equipment | 23 | €8,234 | - | -€8,234 | |
| Furniture and vehicles | 24 | €6,169 | - | -€6,169 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €483,101 | €373,827 | -€109,274 | -22.6% |
| Amounts receivable after more than one year | 29 | - | €5,270 | +€5,270 | |
| Other amounts receivable | 291 | - | €5,270 | +€5,270 | |
| Stocks and contracts in progress | 3 | €132,413 | - | -€132,413 | |
| Stocks | 30/36 | €132,413 | - | -€132,413 | |
| Amounts receivable within one year | 40/41 | €314,289 | €367,054 | +€52,765 | +16.8% |
| Trade receivables | 40 | €314,289 | €367,054 | +€52,765 | +16.8% |
| Cash at bank and in hand | 54/58 | €31,858 | €1,503 | -€30,355 | -95.3% |
| Deferred charges and accrued income | 490/1 | €4,540 | - | -€4,540 | |
| Total equity and liabilities | 10/49 | €498,139 | €373,827 | -€124,312 | -25.0% |
| Equity | 10/15 | €43,426 | -€58,097 | -€101,523 | |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | €57,061 | €57,061 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,360 | - | -€4,360 | |
| Reserves not available under the articles | 1311 | €4,360 | - | -€4,360 | |
| Distributable reserves | 133 | €52,701 | €57,061 | +€4,360 | +8.3% |
| Profit (loss) carried forward | 14 | -€46,636 | -€148,158 | -€101,523 | -218% |
| Amounts payable | 17/49 | €454,713 | €431,924 | -€22,789 | -5.0% |
| Amounts payable within one year | 42/48 | €454,156 | €431,924 | -€22,232 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,242 | +€4,242 | |
| Financial debts | 43 | €120,000 | €120,000 | = | 0.0% |
| Credit institutions | 430/8 | €120,000 | €120,000 | = | 0.0% |
| Trade debts | 44 | €201,221 | €247,897 | +€46,676 | +23.2% |
| Suppliers | 440/4 | €201,221 | €247,897 | +€46,676 | +23.2% |
| Taxes, remuneration and social security | 45 | €132,935 | €59,784 | -€73,150 | -55.0% |
| Taxes | 450/3 | €62,383 | €59,784 | -€2,599 | -4.2% |
| Remuneration and social security | 454/9 | €70,551 | - | -€70,551 | |
| Accrued charges and deferred income | 492/3 | €557 | - | -€557 | |
| Non-recurring operating income | 76A | €2,100 | €1,743 | -€357 | -17.0% |
| Remuneration, social security and pensions | 62 | €480,484 | €337,946 | -€142,537 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,203 | - | -€7,203 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,635 | €2,904 | -€10,731 | -78.7% |
| Other operating charges | 640/8 | €11,403 | €29,397 | +€17,994 | +158% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €543,010 | €267,546 | -€275,464 | -50.7% |
| Operating profit (loss) | 9901 | €30,285 | -€102,701 | -€132,985 | |
| Financial income | 75/76B | €2,610 | €4,155 | +€1,546 | +59.2% |
| Recurring financial income | 75 | €2,610 | €4,155 | +€1,546 | +59.2% |
| Financial charges | 65/66B | €10,211 | €7,551 | -€2,661 | -26.1% |
| Recurring financial charges | 65 | €10,211 | €7,551 | -€2,661 | -26.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €22,683 | -€106,096 | -€128,779 | |
| Income taxes | 67/77 | €917 | -€4,573 | -€5,491 | |
| Profit (loss) for the period | 9904 | €21,766 | -€101,523 | -€123,289 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,766 | -€101,523 | -€123,289 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.