TEIRLINCK D.: 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 D.
Largest movements
- Cash +€180,197
up €180,197 (+64.3%), from €280,193 to €460,390
mainly Receivables within one year (+€158,591) and Receivables after one year (+€100,000)
- Receivables within one year -€158,591
down €158,591 (-93.1%), from €170,329 to €11,737
of which Trade receivables: -€102,612
- Receivables after one year -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€23,166
down €23,166 (-4.8%), from €485,182 to €462,016
of which Furniture and vehicles: -€14,713
- Stocks and contracts -€17,759
down €17,759 (-22.4%), from €79,284 to €61,524
of which Stocks: -€18,209
- Reserves -€116,308
down €116,308 (-13.8%), from €845,039 to €728,731
of which Distributable reserves: -€116,308
- Trade debts -€13,535
down €13,535 (-25.1%), from €53,961 to €40,425
- Other debts +€13,391
up €13,391 (+11.9%), from €112,262 to €125,653
- Depreciation -€16,748
down €16,748 (-35.3%), from €47,453 to €30,705
- Taxes -€7,441
down €7,441 (-27.0%), from €27,586 to €20,145
- Financial income -€4,838
down €4,838 (-40.7%), from €11,900 to €7,062
- Staff costs +€4,254
up €4,254 (+5.6%), from €76,185 to €80,439
- Gross operating margin -€2,412
down €2,412 (-1.3%), from €188,719 to €186,307
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 | €1,277,865 | €1,161,651 | -€116,214 | -9.1% |
| Fixed assets | 21/28 | €485,202 | €462,036 | -€23,166 | -4.8% |
| Tangible fixed assets | 22/27 | €485,182 | €462,016 | -€23,166 | -4.8% |
| Land and buildings | 22 | €390,218 | €389,125 | -€1,094 | -0.3% |
| Plant, machinery and equipment | 23 | €19,996 | €17,243 | -€2,754 | -13.8% |
| Furniture and vehicles | 24 | €62,863 | €48,150 | -€14,713 | -23.4% |
| Other tangible fixed assets | 26 | €12,104 | €7,498 | -€4,606 | -38.1% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €792,663 | €699,615 | -€93,048 | -11.7% |
| Amounts receivable after more than one year | 29 | €100,000 | - | -€100,000 | |
| Trade receivables | 290 | €100,000 | - | -€100,000 | |
| Stocks and contracts in progress | 3 | €79,284 | €61,524 | -€17,759 | -22.4% |
| Stocks | 30/36 | €78,234 | €60,024 | -€18,209 | -23.3% |
| Contracts in progress | 37 | €1,050 | €1,500 | +€450 | +42.9% |
| Amounts receivable within one year | 40/41 | €170,329 | €11,737 | -€158,591 | -93.1% |
| Trade receivables | 40 | €111,542 | €8,930 | -€102,612 | -92.0% |
| Other amounts receivable | 41 | €58,786 | €2,807 | -€55,979 | -95.2% |
| Current investments | 50/53 | €155,787 | €157,380 | +€1,593 | +1.0% |
| Cash at bank and in hand | 54/58 | €280,193 | €460,390 | +€180,197 | +64.3% |
| Deferred charges and accrued income | 490/1 | €7,071 | €8,583 | +€1,513 | +21.4% |
| Total equity and liabilities | 10/49 | €1,277,865 | €1,161,651 | -€116,214 | -9.1% |
| Equity | 10/15 | €1,087,327 | €971,019 | -€116,308 | -10.7% |
| Contributions | 10/11 | €241,517 | €241,517 | = | 0.0% |
| Contributions outside capital | 11 | €241,517 | €241,517 | = | 0.0% |
| Other | 1109/19 | €241,517 | €241,517 | = | 0.0% |
| Reserves | 13 | €845,039 | €728,731 | -€116,308 | -13.8% |
| Tax-exempt reserves | 132 | €55 | €55 | = | 0.0% |
| Distributable reserves | 133 | €844,984 | €728,676 | -€116,308 | -13.8% |
| Profit (loss) carried forward | 14 | €772 | €772 | = | 0.0% |
| Amounts payable | 17/49 | €190,538 | €190,632 | +€94 | 0.0% |
| Amounts payable within one year | 42/48 | €181,717 | €182,112 | +€395 | +0.2% |
| Trade debts | 44 | €53,961 | €40,425 | -€13,535 | -25.1% |
| Suppliers | 440/4 | €53,961 | €40,425 | -€13,535 | -25.1% |
| Taxes, remuneration and social security | 45 | €15,494 | €16,034 | +€540 | +3.5% |
| Taxes | 450/3 | €11,630 | €12,098 | +€468 | +4.0% |
| Remuneration and social security | 454/9 | €3,864 | €3,936 | +€72 | +1.9% |
| Other amounts payable | 47/48 | €112,262 | €125,653 | +€13,391 | +11.9% |
| Accrued charges and deferred income | 492/3 | €8,821 | €8,520 | -€301 | -3.4% |
| Remuneration, social security and pensions | 62 | €76,185 | €80,439 | +€4,254 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,453 | €30,705 | -€16,748 | -35.3% |
| Other operating charges | 640/8 | €5,205 | €4,898 | -€307 | -5.9% |
| Gross operating margin | 9900 | €188,719 | €186,307 | -€2,412 | -1.3% |
| Operating profit (loss) | 9901 | €59,876 | €70,265 | +€10,389 | +17.4% |
| Financial income | 75/76B | €11,900 | €7,062 | -€4,838 | -40.7% |
| Recurring financial income | 75 | €11,900 | €7,062 | -€4,838 | -40.7% |
| Financial charges | 65/66B | €8,669 | €8,565 | -€105 | -1.2% |
| Recurring financial charges | 65 | €8,669 | €8,565 | -€105 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €63,106 | €68,762 | +€5,656 | +9.0% |
| Income taxes | 67/77 | €27,586 | €20,145 | -€7,441 | -27.0% |
| Profit (loss) for the period | 9904 | €35,520 | €48,617 | +€13,097 | +36.9% |
| Transfer from tax-exempt reserves | 789 | €52,625 | - | -€52,625 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,145 | €48,617 | -€39,528 | -44.8% |
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 30 October 2026 via checked.be.