TEIRLINCK: 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.
TEIRLINCK
Largest movements
- Cash -€25,706
down €25,706 (-90.3%), from €28,461 to €2,754
mainly Debts after one year (-€55,084) and Trade debts (-€20,563)
- Debts after one year -€55,084
down €55,084 (-9.8%), from €561,410 to €506,326
- Profit (loss) carried forward +€51,524
up €51,524 (+33.5%), from -€153,655 to -€102,131
- Trade debts -€20,563
down €20,563 (-80.8%), from €25,457 to €4,895
- Taxes +€8,840
up €8,840 (+92.0%), from €9,609 to €18,450
- Financial charges +€4,497
up €4,497 (+19.5%), from €23,003 to €27,500
- Gross operating margin +€2,331
up €2,331 (+2.4%), from €96,765 to €99,095
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 | €712,454 | €694,347 | -€18,106 | -2.5% |
| Fixed assets | 21/28 | €647,612 | €647,817 | +€205 | 0.0% |
| Tangible fixed assets | 22/27 | €2,220 | €2,425 | +€205 | +9.2% |
| Plant, machinery and equipment | 23 | - | €880 | +€880 | |
| Furniture and vehicles | 24 | €2,220 | €1,545 | -€675 | -30.4% |
| Financial fixed assets | 28 | €645,392 | €645,392 | = | 0.0% |
| Current assets | 29/58 | €64,841 | €46,530 | -€18,312 | -28.2% |
| Amounts receivable within one year | 40/41 | €36,381 | €40,175 | +€3,795 | +10.4% |
| Trade receivables | 40 | €36,000 | €40,000 | +€4,000 | +11.1% |
| Other amounts receivable | 41 | €381 | €175 | -€205 | -53.9% |
| Cash at bank and in hand | 54/58 | €28,461 | €2,754 | -€25,706 | -90.3% |
| Deferred charges and accrued income | 490/1 | - | €3,600 | +€3,600 | |
| Total equity and liabilities | 10/49 | €712,454 | €694,347 | -€18,106 | -2.5% |
| Equity | 10/15 | -€6,411 | €45,113 | +€51,524 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,044 | €141,044 | = | 0.0% |
| Distributable reserves | 133 | €141,044 | €141,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,655 | -€102,131 | +€51,524 | +33.5% |
| Amounts payable | 17/49 | €718,864 | €649,234 | -€69,630 | -9.7% |
| Amounts payable after more than one year | 17 | €561,410 | €506,326 | -€55,084 | -9.8% |
| Financial debts | 170/4 | €561,410 | €506,326 | -€55,084 | -9.8% |
| Amounts payable within one year | 42/48 | €155,330 | €142,181 | -€13,149 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €41,426 | €42,788 | +€1,362 | +3.3% |
| Trade debts | 44 | €25,457 | €4,895 | -€20,563 | -80.8% |
| Suppliers | 440/4 | €25,457 | €4,895 | -€20,563 | -80.8% |
| Taxes, remuneration and social security | 45 | €11,148 | €13,537 | +€2,389 | +21.4% |
| Taxes | 450/3 | €11,148 | €13,537 | +€2,389 | +21.4% |
| Other amounts payable | 47/48 | €77,299 | €80,960 | +€3,661 | +4.7% |
| Accrued charges and deferred income | 492/3 | €2,124 | €727 | -€1,397 | -65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €675 | €817 | +€142 | +21.0% |
| Other operating charges | 640/8 | €1,299 | €805 | -€494 | -38.0% |
| Gross operating margin | 9900 | €96,765 | €99,095 | +€2,331 | +2.4% |
| Operating profit (loss) | 9901 | €94,791 | €97,473 | +€2,683 | +2.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €23,003 | €27,500 | +€4,497 | +19.5% |
| Recurring financial charges | 65 | €23,003 | €27,500 | +€4,497 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €71,788 | €69,974 | -€1,815 | -2.5% |
| Income taxes | 67/77 | €9,609 | €18,450 | +€8,840 | +92.0% |
| Profit (loss) for the period | 9904 | €62,179 | €51,524 | -€10,655 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,179 | €51,524 | -€10,655 | -17.1% |
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 31 October 2026 via checked.be.