TEIKO: 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.
TEIKO
Largest movements
- Receivables within one year +€318,100
up €318,100 (+717%), from €44,381 to €362,481
of which Other amounts receivable: +€225,114
- Cash -€217,535
down €217,535 (-96.4%), from €225,634 to €8,099
mainly Receivables within one year (-€318,100) and Contributions, distributions and other (-€74,107)
- Receivables after one year -€17,500
down €17,500 (-12.5%), from €140,000 to €122,500
- Reserves +€38,044
up €38,044 (+4.5%), from €836,522 to €874,567
of which Distributable reserves: +€38,044
- Tax, wage and social debts +€33,863
up €33,863 (+47.8%), from €70,842 to €104,705
- Trade debts +€11,193
up €11,193 (+182%), from €6,157 to €17,350
- Gross operating margin -€315,491
down €315,491 (-63.8%), from €494,886 to €179,395
- Taxes -€102,002
down €102,002 (-67.5%), from €151,098 to €49,096
- Depreciation +€10,155
up €10,155 (+61.2%), from €16,593 to €26,749
- Financial income +€5,479
up €5,479 (+96.9%), from €5,654 to €11,134
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 | €926,546 | €1,009,022 | +€82,475 | +8.9% |
| Fixed assets | 21/28 | €506,819 | €511,086 | +€4,267 | +0.8% |
| Tangible fixed assets | 22/27 | €506,819 | €511,086 | +€4,267 | +0.8% |
| Land and buildings | 22 | €242,746 | €511,086 | +€268,340 | +111% |
| Furniture and vehicles | 24 | €7,534 | €0 | -€7,534 | -100% |
| Assets under construction and advance payments | 27 | €256,539 | €0 | -€256,539 | -100% |
| Current assets | 29/58 | €419,727 | €497,936 | +€78,208 | +18.6% |
| Amounts receivable after more than one year | 29 | €140,000 | €122,500 | -€17,500 | -12.5% |
| Other amounts receivable | 291 | €140,000 | €122,500 | -€17,500 | -12.5% |
| Amounts receivable within one year | 40/41 | €44,381 | €362,481 | +€318,100 | +717% |
| Trade receivables | 40 | €16,398 | €109,383 | +€92,985 | +567% |
| Other amounts receivable | 41 | €27,983 | €253,098 | +€225,114 | +804% |
| Current investments | 50/53 | €9,712 | €4,856 | -€4,856 | -50.0% |
| Cash at bank and in hand | 54/58 | €225,634 | €8,099 | -€217,535 | -96.4% |
| Total equity and liabilities | 10/49 | €926,546 | €1,009,022 | +€82,475 | +8.9% |
| Equity | 10/15 | €848,922 | €886,967 | +€38,044 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €836,522 | €874,567 | +€38,044 | +4.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €836,522 | €874,567 | +€38,044 | +4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,624 | €122,055 | +€44,431 | +57.2% |
| Amounts payable within one year | 42/48 | €77,624 | €122,055 | +€44,431 | +57.2% |
| Trade debts | 44 | €6,157 | €17,350 | +€11,193 | +182% |
| Suppliers | 440/4 | €6,157 | €17,350 | +€11,193 | +182% |
| Taxes, remuneration and social security | 45 | €70,842 | €104,705 | +€33,863 | +47.8% |
| Taxes | 450/3 | €70,842 | €104,705 | +€33,863 | +47.8% |
| Other amounts payable | 47/48 | €625 | €0 | -€625 | -100% |
| Non-recurring operating income | 76A | €193,750 | €4,074 | -€189,676 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,593 | €26,749 | +€10,155 | +61.2% |
| Other operating charges | 640/8 | €2,818 | €2,263 | -€555 | -19.7% |
| Gross operating margin | 9900 | €494,886 | €179,395 | -€315,491 | -63.8% |
| Operating profit (loss) | 9901 | €475,475 | €150,383 | -€325,092 | -68.4% |
| Financial income | 75/76B | €5,654 | €11,134 | +€5,479 | +96.9% |
| Recurring financial income | 75 | €5,654 | €11,134 | +€5,479 | +96.9% |
| Financial charges | 65/66B | €1,161 | €271 | -€891 | -76.7% |
| Recurring financial charges | 65 | €1,161 | €271 | -€891 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | €479,968 | €161,246 | -€318,722 | -66.4% |
| Income taxes | 67/77 | €151,098 | €49,096 | -€102,002 | -67.5% |
| Profit (loss) for the period | 9904 | €328,871 | €112,151 | -€216,720 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €328,871 | €112,151 | -€216,720 | -65.9% |
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 13 October 2026 via checked.be.