TEGO MANAGEMENT: 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.
TEGO MANAGEMENT
Largest movements
- Cash -€995
down €995 (-93.4%), from €1,066 to €71
mainly Net result for the year (-€4,776) and Tax, wage and social debts (-€177)
- Profit (loss) carried forward -€4,776
down €4,776 (-200.9%), from -€2,378 to -€7,154
- Trade debts +€2,056
up €2,056 (+150.3%), from €1,368 to €3,423
- Other debts +€1,961
up €1,961 (+557.7%), from €352 to €2,312
- Tax, wage and social debts -€177
down €177 (-1.2%), from €14,148 to €13,971
of which Taxes: -€177
- Gross operating margin -€6,483
down €6,483 (-93.6%), from €6,925 to €442
- Other operating charges -€2,354
down €2,354 (-53.6%), from €4,391 to €2,037
- Taxes -€519
down €519 (-72.2%), from €719 to €200
- Financial charges -€490
down €490 (-14.1%), from €3,472 to €2,982
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 | €15,121 | €14,185 | -€937 | -6.2% |
| Current assets | 29/58 | €15,121 | €14,185 | -€937 | -6.2% |
| Amounts receivable within one year | 40/41 | €13,310 | €13,327 | +€17 | +0.1% |
| Trade receivables | 40 | €13,310 | €13,327 | +€17 | +0.1% |
| Cash at bank and in hand | 54/58 | €1,066 | €71 | -€995 | -93.4% |
| Deferred charges and accrued income | 490/1 | €746 | €787 | +€42 | +5.6% |
| Total equity and liabilities | 10/49 | €15,121 | €14,185 | -€937 | -6.2% |
| Equity | 10/15 | -€878 | -€5,654 | -€4,776 | -544.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,378 | -€7,154 | -€4,776 | -200.9% |
| Amounts payable | 17/49 | €15,999 | €19,839 | +€3,840 | +24.0% |
| Amounts payable within one year | 42/48 | €15,867 | €19,707 | +€3,840 | +24.2% |
| Trade debts | 44 | €1,368 | €3,423 | +€2,056 | +150.3% |
| Suppliers | 440/4 | €1,368 | €3,423 | +€2,056 | +150.3% |
| Taxes, remuneration and social security | 45 | €14,148 | €13,971 | -€177 | -1.2% |
| Taxes | 450/3 | €8,148 | €7,971 | -€177 | -2.2% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €352 | €2,312 | +€1,961 | +557.7% |
| Accrued charges and deferred income | 492/3 | €132 | €132 | = | 0.0% |
| Other operating charges | 640/8 | €4,391 | €2,037 | -€2,354 | -53.6% |
| Gross operating margin | 9900 | €6,925 | €442 | -€6,483 | -93.6% |
| Operating profit (loss) | 9901 | €2,534 | -€1,595 | -€4,129 | |
| Financial charges | 65/66B | €3,472 | €2,982 | -€490 | -14.1% |
| Recurring financial charges | 65 | €3,472 | €2,982 | -€490 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€938 | -€4,577 | -€3,639 | -388.0% |
| Income taxes | 67/77 | €719 | €200 | -€519 | -72.2% |
| Profit (loss) for the period | 9904 | -€1,657 | -€4,776 | -€3,120 | -188.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,657 | -€4,776 | -€3,120 | -188.3% |
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.