TEGMEN: 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.
TEGMEN
Largest movements
- Cash +€3,550
up €3,550 (+18.6%), from €19,122 to €22,672
mainly Net result for the year (+€6,020) and Depreciation (+€365)
- Receivables within one year +€2,284
up €2,284 (+35.5%), from €6,426 to €8,710
- Tangible fixed assets -€365
no longer reported in 2025 (was €365)
- Profit (loss) carried forward +€6,020
up €6,020 (+1047.0%), from €575 to €6,595
- Trade debts -€929
down €929 (-71.1%), from €1,306 to €377
- Gross operating margin +€9,785
up €9,785, from -€1,917 to €7,868
- Depreciation -€637
down €637 (-63.6%), from €1,002 to €365
- Staff costs -€487
no longer reported in 2025 (was €487)
- Other operating charges +€368
up €368 (+40.5%), from €909 to €1,277
- Financial charges -€222
down €222 (-51.9%), from €428 to €206
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 | €26,142 | €31,382 | +€5,240 | +20.0% |
| Fixed assets | 21/28 | €365 | - | -€365 | |
| Tangible fixed assets | 22/27 | €365 | - | -€365 | |
| Furniture and vehicles | 24 | €365 | - | -€365 | |
| Current assets | 29/58 | €25,777 | €31,382 | +€5,605 | +21.7% |
| Amounts receivable within one year | 40/41 | €6,426 | €8,710 | +€2,284 | +35.5% |
| Trade receivables | 40 | €6,426 | €8,710 | +€2,284 | +35.5% |
| Cash at bank and in hand | 54/58 | €19,122 | €22,672 | +€3,550 | +18.6% |
| Deferred charges and accrued income | 490/1 | €229 | - | -€229 | |
| Total equity and liabilities | 10/49 | €26,142 | €31,382 | +€5,240 | +20.0% |
| Equity | 10/15 | €18,446 | €24,466 | +€6,020 | +32.6% |
| Contributions | 10/11 | €17,750 | €17,750 | = | 0.0% |
| Reserves | 13 | €121 | €121 | = | 0.0% |
| Non-distributable reserves | 130/1 | €121 | €121 | = | 0.0% |
| Reserves not available under the articles | 1311 | €121 | €121 | = | 0.0% |
| Profit (loss) carried forward | 14 | €575 | €6,595 | +€6,020 | +1047.0% |
| Amounts payable | 17/49 | €7,696 | €6,916 | -€780 | -10.1% |
| Amounts payable within one year | 42/48 | €7,696 | €6,916 | -€780 | -10.1% |
| Trade debts | 44 | €1,306 | €377 | -€929 | -71.1% |
| Suppliers | 440/4 | €1,306 | €377 | -€929 | -71.1% |
| Taxes, remuneration and social security | 45 | €2,581 | €2,731 | +€150 | +5.8% |
| Taxes | 450/3 | €1,890 | €2,731 | +€841 | +44.5% |
| Remuneration and social security | 454/9 | €691 | - | -€691 | |
| Other amounts payable | 47/48 | €3,809 | €3,808 | -€1 | 0.0% |
| Remuneration, social security and pensions | 62 | €487 | - | -€487 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,002 | €365 | -€637 | -63.6% |
| Other operating charges | 640/8 | €909 | €1,277 | +€368 | +40.5% |
| Gross operating margin | 9900 | -€1,917 | €7,868 | +€9,785 | |
| Operating profit (loss) | 9901 | -€4,315 | €6,226 | +€10,541 | |
| Financial income | 75/76B | €45 | - | -€45 | |
| Recurring financial income | 75 | €45 | - | -€45 | |
| Financial charges | 65/66B | €428 | €206 | -€222 | -51.9% |
| Recurring financial charges | 65 | €428 | €206 | -€222 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,698 | €6,020 | +€10,718 | |
| Income taxes | 67/77 | €26 | - | -€26 | |
| Profit (loss) for the period | 9904 | -€4,724 | €6,020 | +€10,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,724 | €6,020 | +€10,744 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.