TEGELLUX: 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.
TEGELLUX
Largest movements
- Tangible fixed assets -€6,808
down €6,808 (-4.1%), from €165,962 to €159,154
of which Land and buildings: -€11,248
- Receivables within one year +€4,311
up €4,311 (+29.1%), from €14,823 to €19,134
of which Trade receivables: +€4,030
- Cash -€2,598
down €2,598 (-3.6%), from €72,996 to €70,398
mainly Investment in fixed assets (net) (-€21,485) and Other debts (-€8,700)
- Reserves +€11,000
up €11,000 (+17.2%), from €63,815 to €74,815
- Other debts -€8,700
down €8,700 (-28.6%), from €30,402 to €21,703
- Trade debts -€8,516
down €8,516 (-36.7%), from €23,199 to €14,683
- Debts after one year -€6,834
down €6,834 (-6.2%), from €109,933 to €103,099
- Current portion of long-term debt +€4,141
up €4,141 (+23.1%), from €17,921 to €22,062
- Depreciation +€7,237
up €7,237 (+34.4%), from €21,056 to €28,294
- Gross operating margin +€1,781
up €1,781 (+3.7%), from €47,694 to €49,475
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 | €256,615 | €250,555 | -€6,060 | -2.4% |
| Fixed assets | 21/28 | €165,962 | €159,154 | -€6,808 | -4.1% |
| Tangible fixed assets | 22/27 | €165,962 | €159,154 | -€6,808 | -4.1% |
| Land and buildings | 22 | €138,636 | €127,389 | -€11,248 | -8.1% |
| Plant, machinery and equipment | 23 | €600 | €893 | +€293 | +48.7% |
| Furniture and vehicles | 24 | €2,784 | €14,990 | +€12,205 | +438% |
| Leasing and similar rights | 25 | €5,592 | €626 | -€4,966 | -88.8% |
| Other tangible fixed assets | 26 | €18,349 | €15,257 | -€3,092 | -16.9% |
| Current assets | 29/58 | €90,652 | €91,400 | +€748 | +0.8% |
| Stocks and contracts in progress | 3 | €2,190 | €1,868 | -€321 | -14.7% |
| Stocks | 30/36 | €2,190 | €1,868 | -€321 | -14.7% |
| Amounts receivable within one year | 40/41 | €14,823 | €19,134 | +€4,311 | +29.1% |
| Trade receivables | 40 | €12,478 | €16,508 | +€4,030 | +32.3% |
| Other amounts receivable | 41 | €2,345 | €2,625 | +€280 | +12.0% |
| Cash at bank and in hand | 54/58 | €72,996 | €70,398 | -€2,598 | -3.6% |
| Deferred charges and accrued income | 490/1 | €644 | - | -€644 | |
| Total equity and liabilities | 10/49 | €256,615 | €250,555 | -€6,060 | -2.4% |
| Equity | 10/15 | €70,015 | €81,015 | +€11,000 | +15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,815 | €74,815 | +€11,000 | +17.2% |
| Distributable reserves | 133 | €63,815 | €74,815 | +€11,000 | +17.2% |
| Amounts payable | 17/49 | €186,600 | €169,539 | -€17,060 | -9.1% |
| Amounts payable after more than one year | 17 | €109,933 | €103,099 | -€6,834 | -6.2% |
| Financial debts | 170/4 | €109,933 | €103,099 | -€6,834 | -6.2% |
| Amounts payable within one year | 42/48 | €76,666 | €66,440 | -€10,226 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €17,921 | €22,062 | +€4,141 | +23.1% |
| Financial debts | 43 | €625 | €625 | = | 0.0% |
| Credit institutions | 430/8 | €625 | €625 | = | 0.0% |
| Trade debts | 44 | €23,199 | €14,683 | -€8,516 | -36.7% |
| Suppliers | 440/4 | €23,199 | €14,683 | -€8,516 | -36.7% |
| Taxes, remuneration and social security | 45 | €4,518 | €7,367 | +€2,848 | +63.0% |
| Taxes | 450/3 | €4,518 | €7,367 | +€2,848 | +63.0% |
| Other amounts payable | 47/48 | €30,402 | €21,703 | -€8,700 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,056 | €28,294 | +€7,237 | +34.4% |
| Other operating charges | 640/8 | €779 | €400 | -€379 | -48.7% |
| Non-recurring operating charges | 66A | €3,555 | - | -€3,555 | |
| Gross operating margin | 9900 | €47,694 | €49,475 | +€1,781 | +3.7% |
| Operating profit (loss) | 9901 | €22,304 | €20,782 | -€1,523 | -6.8% |
| Financial income | 75/76B | €2 | €212 | +€210 | +10,617% |
| Recurring financial income | 75 | €2 | €212 | +€210 | +10,617% |
| Financial charges | 65/66B | €4,434 | €3,998 | -€435 | -9.8% |
| Recurring financial charges | 65 | €4,434 | €3,998 | -€435 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €17,873 | €16,996 | -€877 | -4.9% |
| Income taxes | 67/77 | €6,371 | €5,996 | -€376 | -5.9% |
| Profit (loss) for the period | 9904 | €11,501 | €11,000 | -€501 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,501 | €11,000 | -€501 | -4.4% |
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 14 October 2026 via checked.be.