Teibo: 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.
Teibo
Largest movements
- Cash +€23,367
up €23,367 (+58.3%), from €40,084 to €63,451
mainly Net result for the year (+€22,571) and Tax, wage and social debts (+€8,098)
- Receivables within one year +€9,768
up €9,768 (+186%), from €5,240 to €15,008
of which Trade receivables: +€8,603
- Tangible fixed assets -€5,591
down €5,591 (-25.2%), from €22,229 to €16,638
of which Furniture and vehicles: -€5,164
- Reserves +€22,571
up €22,571 (+47.9%), from €47,133 to €69,704
- Tax, wage and social debts +€8,098
up €8,098 (+62.8%), from €12,891 to €20,990
of which Taxes: +€8,103
- Trade debts -€1,944
down €1,944 (-88.6%), from €2,193 to €250
- Gross operating margin +€16,672
up €16,672 (+47.6%), from €35,037 to €51,709
- Staff costs +€7,521
up €7,521 (+155%), from €4,853 to €12,374
- Taxes +€3,390
up €3,390 (+53.4%), from €6,353 to €9,743
- Depreciation +€993
up €993 (+18.7%), from €5,324 to €6,317
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 | €67,703 | €95,944 | +€28,241 | +41.7% |
| Fixed assets | 21/28 | €22,379 | €16,788 | -€5,591 | -25.0% |
| Tangible fixed assets | 22/27 | €22,229 | €16,638 | -€5,591 | -25.2% |
| Furniture and vehicles | 24 | €18,081 | €12,916 | -€5,164 | -28.6% |
| Other tangible fixed assets | 26 | €4,148 | €3,722 | -€427 | -10.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €45,324 | €79,155 | +€33,831 | +74.6% |
| Amounts receivable within one year | 40/41 | €5,240 | €15,008 | +€9,768 | +186% |
| Trade receivables | 40 | €5,240 | €13,843 | +€8,603 | +164% |
| Other amounts receivable | 41 | - | €1,165 | +€1,165 | |
| Cash at bank and in hand | 54/58 | €40,084 | €63,451 | +€23,367 | +58.3% |
| Deferred charges and accrued income | 490/1 | - | €697 | +€697 | |
| Total equity and liabilities | 10/49 | €67,703 | €95,944 | +€28,241 | +41.7% |
| Equity | 10/15 | €52,133 | €74,704 | +€22,571 | +43.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,133 | €69,704 | +€22,571 | +47.9% |
| Distributable reserves | 133 | €47,133 | €69,704 | +€22,571 | +47.9% |
| Amounts payable | 17/49 | €15,570 | €21,239 | +€5,669 | +36.4% |
| Amounts payable within one year | 42/48 | €15,570 | €21,239 | +€5,669 | +36.4% |
| Trade debts | 44 | €2,193 | €250 | -€1,944 | -88.6% |
| Suppliers | 440/4 | €2,193 | €250 | -€1,944 | -88.6% |
| Taxes, remuneration and social security | 45 | €12,891 | €20,990 | +€8,098 | +62.8% |
| Taxes | 450/3 | €9,000 | €17,103 | +€8,103 | +90.0% |
| Remuneration and social security | 454/9 | €3,891 | €3,886 | -€5 | -0.1% |
| Other amounts payable | 47/48 | €485 | - | -€485 | |
| Remuneration, social security and pensions | 62 | €4,853 | €12,374 | +€7,521 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,324 | €6,317 | +€993 | +18.7% |
| Other operating charges | 640/8 | €118 | €437 | +€319 | +270% |
| Gross operating margin | 9900 | €35,037 | €51,709 | +€16,672 | +47.6% |
| Operating profit (loss) | 9901 | €24,742 | €32,581 | +€7,839 | +31.7% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €370 | €272 | -€98 | -26.4% |
| Recurring financial charges | 65 | €370 | €272 | -€98 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €24,372 | €32,314 | +€7,942 | +32.6% |
| Income taxes | 67/77 | €6,353 | €9,743 | +€3,390 | +53.4% |
| Profit (loss) for the period | 9904 | €18,019 | €22,571 | +€4,552 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,019 | €22,571 | +€4,552 | +25.3% |
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 25 October 2026 via checked.be.