TEIRLINCK JAN: 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 JAN
Largest movements
- Cash -€33,823
down €33,823 (-56.8%), from €59,592 to €25,769
mainly Investment in fixed assets (net) (-€59,657) and Net result for the year (-€27,957)
- Tangible fixed assets +€20,848
up €20,848 (+16.4%), from €126,738 to €147,585
of which Furniture and vehicles: +€42,029
- Stocks and contracts +€3,955
up €3,955 (+22.4%), from €17,637 to €21,591
- Receivables within one year +€2,570
up €2,570 (+69.8%), from €3,682 to €6,252
of which Other amounts receivable: +€1,791
- Profit (loss) carried forward -€27,957
new in 2025: -€27,957
- Debts after one year +€22,927
up €22,927 (+21.2%), from €108,263 to €131,190
- Tax, wage and social debts -€3,783
down €3,783 (-88.5%), from €4,275 to €491
- Current portion of long-term debt +€3,696
up €3,696 (+15.5%), from €23,870 to €27,566
- Gross operating margin -€42,529
down €42,529 (-67.0%), from €63,523 to €20,994
- Taxes -€8,695
no longer reported in 2025 (was €8,695)
- Depreciation +€8,021
up €8,021 (+26.1%), from €30,788 to €38,809
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 | €211,417 | €204,353 | -€7,063 | -3.3% |
| Fixed assets | 21/28 | €126,738 | €147,585 | +€20,848 | +16.4% |
| Tangible fixed assets | 22/27 | €126,738 | €147,585 | +€20,848 | +16.4% |
| Land and buildings | 22 | €78,627 | €65,585 | -€13,042 | -16.6% |
| Plant, machinery and equipment | 23 | €7,369 | €5,137 | -€2,232 | -30.3% |
| Furniture and vehicles | 24 | €7,796 | €49,825 | +€42,029 | +539% |
| Other tangible fixed assets | 26 | €32,946 | €27,039 | -€5,907 | -17.9% |
| Current assets | 29/58 | €84,679 | €56,768 | -€27,911 | -33.0% |
| Stocks and contracts in progress | 3 | €17,637 | €21,591 | +€3,955 | +22.4% |
| Stocks | 30/36 | €17,637 | €21,591 | +€3,955 | +22.4% |
| Amounts receivable within one year | 40/41 | €3,682 | €6,252 | +€2,570 | +69.8% |
| Trade receivables | 40 | €274 | €1,053 | +€779 | +284% |
| Other amounts receivable | 41 | €3,408 | €5,199 | +€1,791 | +52.6% |
| Cash at bank and in hand | 54/58 | €59,592 | €25,769 | -€33,823 | -56.8% |
| Deferred charges and accrued income | 490/1 | €3,769 | €3,156 | -€612 | -16.2% |
| Total equity and liabilities | 10/49 | €211,417 | €204,353 | -€7,063 | -3.3% |
| Equity | 10/15 | €68,085 | €40,128 | -€27,957 | -41.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,485 | €49,485 | = | 0.0% |
| Distributable reserves | 133 | €49,485 | €49,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€27,957 | -€27,957 | |
| Amounts payable | 17/49 | €143,331 | €164,225 | +€20,894 | +14.6% |
| Amounts payable after more than one year | 17 | €108,263 | €131,190 | +€22,927 | +21.2% |
| Financial debts | 170/4 | €108,263 | €131,190 | +€22,927 | +21.2% |
| Amounts payable within one year | 42/48 | €35,068 | €33,035 | -€2,033 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €23,870 | €27,566 | +€3,696 | +15.5% |
| Trade debts | 44 | €940 | €182 | -€759 | -80.7% |
| Suppliers | 440/4 | €940 | €182 | -€759 | -80.7% |
| Taxes, remuneration and social security | 45 | €4,275 | €491 | -€3,783 | -88.5% |
| Taxes | 450/3 | €4,275 | €491 | -€3,783 | -88.5% |
| Other amounts payable | 47/48 | €5,983 | €4,796 | -€1,187 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,788 | €38,809 | +€8,021 | +26.1% |
| Other operating charges | 640/8 | €3,811 | €3,916 | +€105 | +2.8% |
| Gross operating margin | 9900 | €63,523 | €20,994 | -€42,529 | -67.0% |
| Operating profit (loss) | 9901 | €28,924 | -€21,731 | -€50,656 | |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €6,062 | €6,253 | +€190 | +3.1% |
| Recurring financial charges | 65 | €6,062 | €6,253 | +€190 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €22,862 | -€27,957 | -€50,819 | |
| Income taxes | 67/77 | €8,695 | - | -€8,695 | |
| Profit (loss) for the period | 9904 | €14,168 | -€27,957 | -€42,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,168 | -€27,957 | -€42,125 |
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 27 October 2026 via checked.be.