TEHEM: 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.
TEHEM
Largest movements
- Cash -€26,925
down €26,925 (-34.0%), from €79,173 to €52,248
mainly Debts after one year (-€15,000) and Receivables within one year (-€12,994)
- Receivables within one year +€12,994
up €12,994 (+967.4%), from €1,343 to €14,337
of which Trade receivables: +€14,146
- Debts after one year -€15,000
no longer reported in 2025 (was €15,000)
- Profit (loss) carried forward -€3,025
down €3,025 (-3.7%), from €82,765 to €79,740
- Other debts +€2,892
new in 2025: €2,892
- Provisions +€5,000
up €5,000 (+25.0%), from -€20,000 to -€15,000
- Gross operating margin +€4,356
up €4,356 (+22.2%), from -€19,603 to -€15,246
- Financial income -€4,034
down €4,034 (-99.5%), from €4,053 to €18
- Depreciation -€1,323
down €1,323 (-57.0%), from €2,320 to €997
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 | €115,707 | €100,661 | -€15,046 | -13.0% |
| Fixed assets | 21/28 | €7,950 | €6,953 | -€997 | -12.5% |
| Tangible fixed assets | 22/27 | €7,950 | €6,953 | -€997 | -12.5% |
| Plant, machinery and equipment | 23 | €468 | - | -€468 | |
| Furniture and vehicles | 24 | €3,461 | €3,200 | -€261 | -7.5% |
| Other tangible fixed assets | 26 | €4,021 | €3,753 | -€268 | -6.7% |
| Current assets | 29/58 | €107,757 | €93,708 | -€14,049 | -13.0% |
| Amounts receivable within one year | 40/41 | €1,343 | €14,337 | +€12,994 | +967.4% |
| Trade receivables | 40 | €191 | €14,337 | +€14,146 | +7406.2% |
| Other amounts receivable | 41 | €1,152 | - | -€1,152 | |
| Current investments | 50/53 | €25,498 | €25,498 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €79,173 | €52,248 | -€26,925 | -34.0% |
| Deferred charges and accrued income | 490/1 | €1,743 | €1,626 | -€117 | -6.7% |
| Total equity and liabilities | 10/49 | €115,707 | €100,661 | -€15,046 | -13.0% |
| Equity | 10/15 | €97,025 | €94,000 | -€3,025 | -3.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €82,765 | €79,740 | -€3,025 | -3.7% |
| Amounts payable | 17/49 | €18,682 | €6,662 | -€12,020 | -64.3% |
| Amounts payable after more than one year | 17 | €15,000 | - | -€15,000 | |
| Other amounts payable | 178/9 | €15,000 | - | -€15,000 | |
| Amounts payable within one year | 42/48 | €3,682 | €6,662 | +€2,980 | +80.9% |
| Trade debts | 44 | €148 | €878 | +€730 | +492.9% |
| Suppliers | 440/4 | €148 | €878 | +€730 | +492.9% |
| Taxes, remuneration and social security | 45 | €3,534 | €2,892 | -€642 | -18.2% |
| Taxes | 450/3 | €3,534 | €2,892 | -€642 | -18.2% |
| Other amounts payable | 47/48 | - | €2,892 | +€2,892 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,320 | €997 | -€1,323 | -57.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€20,000 | -€15,000 | +€5,000 | +25.0% |
| Other operating charges | 640/8 | €988 | €918 | -€70 | -7.1% |
| Gross operating margin | 9900 | -€19,603 | -€15,246 | +€4,356 | +22.2% |
| Operating profit (loss) | 9901 | -€2,910 | -€2,161 | +€749 | +25.7% |
| Financial income | 75/76B | €4,053 | €18 | -€4,034 | -99.5% |
| Recurring financial income | 75 | €4,053 | €18 | -€4,034 | -99.5% |
| Financial charges | 65/66B | €540 | €525 | -€14 | -2.7% |
| Recurring financial charges | 65 | €540 | €525 | -€14 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €603 | -€2,668 | -€3,271 | |
| Income taxes | 67/77 | €336 | €357 | +€22 | +6.4% |
| Profit (loss) for the period | 9904 | €267 | -€3,025 | -€3,292 | |
| Profit (loss) for the period to be appropriated | 9905 | €267 | -€3,025 | -€3,292 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.