TEIDE: 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.
TEIDE
Largest movements
- Receivables within one year +€754,819
up €754,819 (+2201.1%), from €34,294 to €789,112
of which Other amounts receivable: +€781,625
- Tangible fixed assets +€490,776
up €490,776 (+25.4%), from €1.9m to €2.4m
of which Leasing and similar rights: +€2.4m
- Debts after one year +€1.8m
up €1.8m (+635.5%), from €288,271 to €2.1m
- Other debts -€716,530
down €716,530 (-82.0%), from €874,308 to €157,779
- Accrued charges and deferred income +€345,041
up €345,041 (+5850.4%), from €5,898 to €350,939
- Profit (loss) carried forward -€78,248
down €78,248 (-100.0%), from €78,248 to €0
- Reserves -€50,099
down €50,099 (-100.0%), from €50,099 to €0
- Depreciation -€92,717
down €92,717 (-74.6%), from €124,277 to €31,560
- Staff costs -€82,740
down €82,740 (-92.5%), from €89,466 to €6,726
- Gross operating margin -€76,972
down €76,972 (-37.9%), from €203,204 to €126,232
- Financial charges +€19,376
up €19,376 (+109.8%), from €17,643 to €37,019
- Other operating charges +€6,815
up €6,815 (+46.4%), from €14,681 to €21,496
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 | €1,990,043 | €3,263,744 | +€1.3m | +64.0% |
| Fixed assets | 21/28 | €1,931,019 | €2,421,075 | +€490,057 | +25.4% |
| Intangible fixed assets | 21 | €2,545 | €1,826 | -€719 | -28.3% |
| Tangible fixed assets | 22/27 | €1,928,474 | €2,419,249 | +€490,776 | +25.4% |
| Land and buildings | 22 | €1,899,490 | €0 | -€1.9m | -100.0% |
| Plant, machinery and equipment | 23 | €28,686 | €18,742 | -€9,944 | -34.7% |
| Furniture and vehicles | 24 | €298 | €132 | -€166 | -55.7% |
| Leasing and similar rights | 25 | - | €2,400,375 | +€2.4m | |
| Current assets | 29/58 | €59,025 | €842,669 | +€783,644 | +1327.7% |
| Amounts receivable within one year | 40/41 | €34,294 | €789,112 | +€754,819 | +2201.1% |
| Trade receivables | 40 | €34,294 | €7,488 | -€26,806 | -78.2% |
| Other amounts receivable | 41 | - | €781,625 | +€781,625 | |
| Cash at bank and in hand | 54/58 | €24,422 | €53,557 | +€29,135 | +119.3% |
| Deferred charges and accrued income | 490/1 | €309 | €0 | -€309 | -100.0% |
| Total equity and liabilities | 10/49 | €1,990,043 | €3,263,744 | +€1.3m | +64.0% |
| Equity | 10/15 | €628,347 | €500,000 | -€128,347 | -20.4% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,099 | €0 | -€50,099 | -100.0% |
| Distributable reserves | 133 | €50,099 | €0 | -€50,099 | -100.0% |
| Profit (loss) carried forward | 14 | €78,248 | €0 | -€78,248 | -100.0% |
| Amounts payable | 17/49 | €1,361,696 | €2,763,744 | +€1.4m | +103.0% |
| Amounts payable after more than one year | 17 | €288,271 | €2,120,122 | +€1.8m | +635.5% |
| Financial debts | 170/4 | €288,271 | €2,120,122 | +€1.8m | +635.5% |
| Amounts payable within one year | 42/48 | €1,067,527 | €292,683 | -€774,844 | -72.6% |
| Current portion of amounts payable after more than one year | 42 | €111,319 | €110,891 | -€428 | -0.4% |
| Trade debts | 44 | €61,573 | €22,685 | -€38,888 | -63.2% |
| Suppliers | 440/4 | €61,573 | €22,685 | -€38,888 | -63.2% |
| Advances received on contracts in progress | 46 | €5,834 | €0 | -€5,834 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,493 | €1,329 | -€13,164 | -90.8% |
| Taxes | 450/3 | €2,621 | €1,329 | -€1,292 | -49.3% |
| Remuneration and social security | 454/9 | €11,872 | €0 | -€11,872 | -100.0% |
| Other amounts payable | 47/48 | €874,308 | €157,779 | -€716,530 | -82.0% |
| Accrued charges and deferred income | 492/3 | €5,898 | €350,939 | +€345,041 | +5850.4% |
| Non-recurring operating income | 76A | - | €9,392 | +€9,392 | |
| Remuneration, social security and pensions | 62 | €89,466 | €6,726 | -€82,740 | -92.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,277 | €31,560 | -€92,717 | -74.6% |
| Other operating charges | 640/8 | €14,681 | €21,496 | +€6,815 | +46.4% |
| Gross operating margin | 9900 | €203,204 | €126,232 | -€76,972 | -37.9% |
| Operating profit (loss) | 9901 | -€25,221 | €66,450 | +€91,671 | |
| Financial income | 75/76B | €892 | €1 | -€892 | -99.9% |
| Recurring financial income | 75 | €892 | €1 | -€892 | -99.9% |
| Financial charges | 65/66B | €17,643 | €37,019 | +€19,376 | +109.8% |
| Recurring financial charges | 65 | €17,643 | €37,019 | +€19,376 | +109.8% |
| Profit (loss) for the period before taxes | 9903 | -€41,972 | €29,432 | +€71,403 | |
| Profit (loss) for the period | 9904 | -€41,972 | €29,432 | +€71,403 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,972 | €29,432 | +€71,403 |
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 5 October 2026 via checked.be.