TEGIM: 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.
TEGIM
Largest movements
- Receivables within one year -€55,191
down €55,191 (-39.7%), from €139,191 to €84,000
of which Trade receivables: -€31,621
- Cash +€52,371
up €52,371 (+43.1%), from €121,531 to €173,902
mainly Receivables within one year (+€55,191) and Net result for the year (+€25,830)
- Tangible fixed assets -€9,676
down €9,676 (-37.4%), from €25,846 to €16,170
of which Furniture and vehicles: -€9,200
- Deferred charges and accrued income +€3,018
new in 2025: €3,018
- Other debts -€28,837
down €28,837 (-94.7%), from €30,439 to €1,602
- Profit (loss) carried forward +€25,902
up €25,902 (+18.8%), from €137,481 to €163,383
- Trade debts -€6,460
down €6,460 (-12.9%), from €49,920 to €43,459
- Gross operating margin +€53,673
up €53,673, from -€9,489 to €44,184
- Taxes +€8,218
up €8,218 (+4791.7%), from €172 to €8,389
- Depreciation -€4,995
down €4,995 (-34.0%), from €14,671 to €9,676
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 | €286,959 | €277,481 | -€9,478 | -3.3% |
| Fixed assets | 21/28 | €26,236 | €16,560 | -€9,676 | -36.9% |
| Tangible fixed assets | 22/27 | €25,846 | €16,170 | -€9,676 | -37.4% |
| Furniture and vehicles | 24 | €22,256 | €13,056 | -€9,200 | -41.3% |
| Other tangible fixed assets | 26 | €3,590 | €3,114 | -€476 | -13.3% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €260,722 | €260,921 | +€198 | +0.1% |
| Amounts receivable within one year | 40/41 | €139,191 | €84,000 | -€55,191 | -39.7% |
| Trade receivables | 40 | €85,268 | €53,647 | -€31,621 | -37.1% |
| Other amounts receivable | 41 | €53,923 | €30,353 | -€23,570 | -43.7% |
| Cash at bank and in hand | 54/58 | €121,531 | €173,902 | +€52,371 | +43.1% |
| Deferred charges and accrued income | 490/1 | - | €3,018 | +€3,018 | |
| Total equity and liabilities | 10/49 | €286,959 | €277,481 | -€9,478 | -3.3% |
| Equity | 10/15 | €206,303 | €232,133 | +€25,830 | +12.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,321 | €6,250 | -€71 | -1.1% |
| Non-distributable reserves | 130/1 | €6,321 | €6,250 | -€71 | -1.1% |
| Legal reserve | 130 | €6,321 | €6,250 | -€71 | -1.1% |
| Profit (loss) carried forward | 14 | €137,481 | €163,383 | +€25,902 | +18.8% |
| Amounts payable | 17/49 | €80,656 | €45,348 | -€35,308 | -43.8% |
| Amounts payable within one year | 42/48 | €80,656 | €45,348 | -€35,308 | -43.8% |
| Trade debts | 44 | €49,920 | €43,459 | -€6,460 | -12.9% |
| Suppliers | 440/4 | €49,920 | €43,459 | -€6,460 | -12.9% |
| Taxes, remuneration and social security | 45 | €298 | €286 | -€11 | -3.8% |
| Taxes | 450/3 | €298 | €286 | -€11 | -3.8% |
| Other amounts payable | 47/48 | €30,439 | €1,602 | -€28,837 | -94.7% |
| Non-recurring operating income | 76A | €0 | €43,511 | +€43,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,671 | €9,676 | -€4,995 | -34.0% |
| Other operating charges | 640/8 | €935 | €590 | -€345 | -36.9% |
| Gross operating margin | 9900 | -€9,489 | €44,184 | +€53,673 | |
| Operating profit (loss) | 9901 | -€25,096 | €33,917 | +€59,012 | |
| Financial income | 75/76B | €237 | €429 | +€192 | +80.8% |
| Recurring financial income | 75 | €237 | €429 | +€192 | +80.8% |
| Financial charges | 65/66B | €191 | €127 | -€64 | -33.7% |
| Recurring financial charges | 65 | €191 | €127 | -€64 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,049 | €34,219 | +€59,269 | |
| Income taxes | 67/77 | €172 | €8,389 | +€8,218 | +4791.7% |
| Profit (loss) for the period | 9904 | -€25,221 | €25,830 | +€51,051 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,221 | €25,830 | +€51,051 |
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 9 October 2026 via checked.be.