TEGELDECOR: 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.
TEGELDECOR
Largest movements
- Receivables within one year -€39,068
down €39,068 (-48.0%), from €81,395 to €42,327
of which Other amounts receivable: -€48,629
- Tangible fixed assets +€10,118
up €10,118 (+24.1%), from €41,960 to €52,078
of which Furniture and vehicles: +€10,733
- Reserves -€21,953
down €21,953 (-25.3%), from €86,918 to €64,964
of which Distributable reserves: -€21,953
- Tax, wage and social debts -€6,089
down €6,089 (-89.9%), from €6,777 to €688
- Gross operating margin -€47,041
down €47,041 (-98.3%), from €47,832 to €791
- Staff costs -€20,206
down €20,206 (-90.9%), from €22,239 to €2,033
- Depreciation +€7,078
up €7,078 (+118%), from €6,003 to €13,082
- Taxes -€6,492
down €6,492 (-94.9%), from €6,840 to €348
- Financial income +€814
up €814 (+70.8%), from €1,150 to €1,964
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 | €139,690 | €111,477 | -€28,213 | -20.2% |
| Fixed assets | 21/28 | €48,350 | €58,468 | +€10,118 | +20.9% |
| Tangible fixed assets | 22/27 | €41,960 | €52,078 | +€10,118 | +24.1% |
| Plant, machinery and equipment | 23 | €860 | €245 | -€615 | -71.5% |
| Furniture and vehicles | 24 | €41,100 | €51,834 | +€10,733 | +26.1% |
| Financial fixed assets | 28 | €6,390 | €6,390 | = | 0.0% |
| Current assets | 29/58 | €91,340 | €53,009 | -€38,332 | -42.0% |
| Amounts receivable within one year | 40/41 | €81,395 | €42,327 | -€39,068 | -48.0% |
| Trade receivables | 40 | €1,999 | €11,560 | +€9,561 | +478% |
| Other amounts receivable | 41 | €79,396 | €30,767 | -€48,629 | -61.2% |
| Cash at bank and in hand | 54/58 | €9,945 | €10,682 | +€736 | +7.4% |
| Total equity and liabilities | 10/49 | €139,690 | €111,477 | -€28,213 | -20.2% |
| Equity | 10/15 | €126,581 | €104,627 | -€21,953 | -17.3% |
| Contributions | 10/11 | €39,663 | €39,663 | = | 0.0% |
| Reserves | 13 | €86,918 | €64,964 | -€21,953 | -25.3% |
| Non-distributable reserves | 130/1 | €3,966 | €3,966 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,966 | €3,966 | = | 0.0% |
| Distributable reserves | 133 | €82,951 | €60,998 | -€21,953 | -26.5% |
| Amounts payable | 17/49 | €13,109 | €6,849 | -€6,260 | -47.8% |
| Amounts payable within one year | 42/48 | €13,109 | €6,849 | -€6,260 | -47.8% |
| Trade debts | 44 | €6,333 | €6,161 | -€171 | -2.7% |
| Suppliers | 440/4 | €6,333 | €6,161 | -€171 | -2.7% |
| Taxes, remuneration and social security | 45 | €6,777 | €688 | -€6,089 | -89.9% |
| Taxes | 450/3 | €6,777 | €688 | -€6,089 | -89.9% |
| Non-recurring operating income | 76A | €8,211 | - | -€8,211 | |
| Remuneration, social security and pensions | 62 | €22,239 | €2,033 | -€20,206 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,003 | €13,082 | +€7,078 | +118% |
| Other operating charges | 640/8 | €2,678 | €2,104 | -€574 | -21.4% |
| Non-recurring operating charges | 66A | €328 | - | -€328 | |
| Gross operating margin | 9900 | €47,832 | €791 | -€47,041 | -98.3% |
| Operating profit (loss) | 9901 | €16,584 | -€16,427 | -€33,011 | |
| Financial income | 75/76B | €1,150 | €1,964 | +€814 | +70.8% |
| Recurring financial income | 75 | €1,150 | €1,964 | +€814 | +70.8% |
| Financial charges | 65/66B | -€153 | €343 | +€496 | |
| Recurring financial charges | 65 | -€153 | €343 | +€496 | |
| Profit (loss) for the period before taxes | 9903 | €17,887 | -€14,806 | -€32,693 | |
| Income taxes | 67/77 | €6,840 | €348 | -€6,492 | -94.9% |
| Profit (loss) for the period | 9904 | €11,047 | -€15,153 | -€26,201 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,047 | -€15,153 | -€26,201 |
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 16 October 2026 via checked.be.