TEGELHAL: 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.
TEGELHAL
Largest movements
- Tangible fixed assets +€99,096
new in 2025: €99,096
of which Furniture and vehicles: +€64,098
- Receivables within one year -€80,168
down €80,168 (-37.9%), from €211,721 to €131,554
of which Trade receivables: -€127,012
- Stocks and contracts -€46,358
down €46,358 (-20.2%), from €229,860 to €183,502
- Cash -€9,491
down €9,491 (-54.2%), from €17,500 to €8,010
- Tax, wage and social debts -€61,970
down €61,970 (-72.6%), from €85,322 to €23,352
of which Taxes: -€60,861
- Trade debts +€16,002
up €16,002 (+9.9%), from €160,951 to €176,953
- Profit (loss) carried forward +€10,396
up €10,396 (+5.4%), from €191,461 to €201,857
- Gross operating margin -€199,802
down €199,802 (-71.7%), from €278,653 to €78,851
- Taxes -€60,619
down €60,619 (-94.6%), from €64,084 to €3,465
- Staff costs +€30,916
up €30,916 (+209%), from €14,795 to €45,711
- Depreciation +€23,144
new in 2025: €23,144
- Financial income +€8,444
up €8,444 (+4,080%), from €207 to €8,651
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €459,082 | €422,162 | -€36,920 | -8.0% |
| Fixed assets | 21/28 | - | €99,096 | +€99,096 | |
| Tangible fixed assets | 22/27 | - | €99,096 | +€99,096 | |
| Land and buildings | 22 | - | €32,374 | +€32,374 | |
| Plant, machinery and equipment | 23 | - | €2,625 | +€2,625 | |
| Furniture and vehicles | 24 | - | €64,098 | +€64,098 | |
| Current assets | 29/58 | €459,082 | €323,065 | -€136,016 | -29.6% |
| Stocks and contracts in progress | 3 | €229,860 | €183,502 | -€46,358 | -20.2% |
| Stocks | 30/36 | €229,860 | €183,502 | -€46,358 | -20.2% |
| Amounts receivable within one year | 40/41 | €211,721 | €131,554 | -€80,168 | -37.9% |
| Trade receivables | 40 | €211,393 | €84,381 | -€127,012 | -60.1% |
| Other amounts receivable | 41 | €328 | €47,172 | +€46,844 | +14,275% |
| Cash at bank and in hand | 54/58 | €17,500 | €8,010 | -€9,491 | -54.2% |
| Total equity and liabilities | 10/49 | €459,082 | €422,162 | -€36,920 | -8.0% |
| Equity | 10/15 | €211,461 | €221,857 | +€10,396 | +4.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,461 | €201,857 | +€10,396 | +5.4% |
| Amounts payable | 17/49 | €247,621 | €200,305 | -€47,316 | -19.1% |
| Amounts payable within one year | 42/48 | €247,621 | €200,305 | -€47,316 | -19.1% |
| Trade debts | 44 | €160,951 | €176,953 | +€16,002 | +9.9% |
| Suppliers | 440/4 | €160,951 | €176,953 | +€16,002 | +9.9% |
| Taxes, remuneration and social security | 45 | €85,322 | €23,352 | -€61,970 | -72.6% |
| Taxes | 450/3 | €83,482 | €22,620 | -€60,861 | -72.9% |
| Remuneration and social security | 454/9 | €1,840 | €731 | -€1,109 | -60.3% |
| Other amounts payable | 47/48 | €1,348 | - | -€1,348 | |
| Remuneration, social security and pensions | 62 | €14,795 | €45,711 | +€30,916 | +209% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €23,144 | +€23,144 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,561 | -€968 | -€5,529 | |
| Other operating charges | 640/8 | - | €2,177 | +€2,177 | |
| Gross operating margin | 9900 | €278,653 | €78,851 | -€199,802 | -71.7% |
| Operating profit (loss) | 9901 | €259,297 | €8,788 | -€250,510 | -96.6% |
| Financial income | 75/76B | €207 | €8,651 | +€8,444 | +4,080% |
| Recurring financial income | 75 | €207 | €8,651 | +€8,444 | +4,080% |
| Financial charges | 65/66B | €3,959 | €3,578 | -€381 | -9.6% |
| Recurring financial charges | 65 | €3,959 | €3,578 | -€381 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €255,546 | €13,861 | -€241,685 | -94.6% |
| Income taxes | 67/77 | €64,084 | €3,465 | -€60,619 | -94.6% |
| Profit (loss) for the period | 9904 | €191,461 | €10,396 | -€181,065 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €191,461 | €10,396 | -€181,065 | -94.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.