TEGELEXPERT: what changed
Two fiscal 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.
TEGELEXPERT
Largest movements
- Cash +€12,286
up €12,286 (+50.7%), from €24,222 to €36,508
mainly Net result for the year (+€11,006) and Depreciation (+€8,289)
- Tangible fixed assets -€7,195
down €7,195 (-26.7%), from €26,921 to €19,727
of which Leasing and similar rights: -€6,280
- Reserves +€11,006
up €11,006 (+13.8%), from €79,656 to €90,662
of which Distributable reserves: +€11,006
- Debts after one year -€6,468
down €6,468 (-41.5%), from €15,585 to €9,118
- Trade debts +€4,030
up €4,030 (+1234.1%), from €327 to €4,357
- Tax, wage and social debts -€2,268
down €2,268 (-37.1%), from €6,107 to €3,839
of which Taxes: -€2,268
- Gross operating margin -€4,365
down €4,365 (-16.6%), from €26,243 to €21,878
- Taxes -€1,168
down €1,168 (-19.2%), from €6,077 to €4,909
- Financial charges -€742
down €742 (-40.1%), from €1,852 to €1,110
- Financial income -€356
down €356 (-8.8%), from €4,038 to €3,682
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.
Cash bridge derived
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 | €122,938 | €129,539 | +€6,601 | +5.4% |
| Fixed assets | 21/28 | €26,921 | €19,727 | -€7,195 | -26.7% |
| Tangible fixed assets | 22/27 | €26,921 | €19,727 | -€7,195 | -26.7% |
| Plant, machinery and equipment | 23 | €5,637 | €3,957 | -€1,680 | -29.8% |
| Furniture and vehicles | 24 | €328 | €1,093 | +€765 | +233.5% |
| Leasing and similar rights | 25 | €20,956 | €14,676 | -€6,280 | -30.0% |
| Current assets | 29/58 | €96,017 | €109,813 | +€13,796 | +14.4% |
| Amounts receivable within one year | 40/41 | €71,145 | €71,702 | +€557 | +0.8% |
| Trade receivables | 40 | €6,768 | €1,780 | -€4,988 | -73.7% |
| Other amounts receivable | 41 | €64,378 | €69,922 | +€5,545 | +8.6% |
| Cash at bank and in hand | 54/58 | €24,222 | €36,508 | +€12,286 | +50.7% |
| Deferred charges and accrued income | 490/1 | €649 | €1,603 | +€953 | +146.8% |
| Total equity and liabilities | 10/49 | €122,938 | €129,539 | +€6,601 | +5.4% |
| Equity | 10/15 | €94,006 | €105,012 | +€11,006 | +11.7% |
| Contributions | 10/11 | €14,350 | €14,350 | = | 0.0% |
| Reserves | 13 | €79,656 | €90,662 | +€11,006 | +13.8% |
| Non-distributable reserves | 130/1 | €960 | €960 | = | 0.0% |
| Reserves not available under the articles | 1311 | €960 | €960 | = | 0.0% |
| Distributable reserves | 133 | €78,696 | €89,702 | +€11,006 | +14.0% |
| Amounts payable | 17/49 | €28,933 | €24,527 | -€4,405 | -15.2% |
| Amounts payable after more than one year | 17 | €15,585 | €9,118 | -€6,468 | -41.5% |
| Financial debts | 170/4 | €15,585 | €9,118 | -€6,468 | -41.5% |
| Amounts payable within one year | 42/48 | €13,309 | €15,372 | +€2,063 | +15.5% |
| Financial debts | 43 | €6,167 | €6,468 | +€301 | +4.9% |
| Credit institutions | 430/8 | €6,167 | €6,468 | +€301 | +4.9% |
| Trade debts | 44 | €327 | €4,357 | +€4,030 | +1234.1% |
| Suppliers | 440/4 | €327 | €4,357 | +€4,030 | +1234.1% |
| Taxes, remuneration and social security | 45 | €6,107 | €3,839 | -€2,268 | -37.1% |
| Taxes | 450/3 | €6,077 | €3,809 | -€2,268 | -37.3% |
| Remuneration and social security | 454/9 | €30 | €30 | = | 0.0% |
| Other amounts payable | 47/48 | €709 | €709 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €38 | €38 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,199 | €8,289 | +€90 | +1.1% |
| Other operating charges | 640/8 | €254 | €246 | -€8 | -3.2% |
| Gross operating margin | 9900 | €26,243 | €21,878 | -€4,365 | -16.6% |
| Operating profit (loss) | 9901 | €17,790 | €13,343 | -€4,447 | -25.0% |
| Financial income | 75/76B | €4,038 | €3,682 | -€356 | -8.8% |
| Recurring financial income | 75 | €4,038 | €3,682 | -€356 | -8.8% |
| Financial charges | 65/66B | €1,852 | €1,110 | -€742 | -40.1% |
| Recurring financial charges | 65 | €1,852 | €1,110 | -€742 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €19,976 | €15,915 | -€4,061 | -20.3% |
| Income taxes | 67/77 | €6,077 | €4,909 | -€1,168 | -19.2% |
| Profit (loss) for the period | 9904 | €13,899 | €11,006 | -€2,893 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,899 | €11,006 | -€2,893 | -20.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.