TEIRLYNCK: 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.
TEIRLYNCK
Largest movements
- Tangible fixed assets -€39,298
down €39,298 (-36.3%), from €108,339 to €69,041
of which Other tangible fixed assets: -€24,000
- Stocks and contracts +€21,098
up €21,098 (+5.7%), from €366,976 to €388,073
- Receivables within one year +€6,500
new in 2025: €6,500
- Cash -€5,362
down €5,362 (-11.4%), from €47,180 to €41,818
mainly Current portion of long-term debt (-€27,272) and Other debts (-€24,250)
- Reserves +€32,973
up €32,973 (+20.8%), from €158,729 to €191,701
of which Distributable reserves: +€32,973
- Current portion of long-term debt -€27,272
no longer reported in 2025 (was €27,272)
- Other debts -€24,250
down €24,250 (-10.5%), from €231,746 to €207,497
- Taxes +€11,230
up €11,230 (+456%), from €2,461 to €13,690
- Gross operating margin +€10,161
up €10,161 (+12.8%), from €79,332 to €89,493
- Other operating charges -€2,656
down €2,656 (-98.2%), from €2,706 to €50
- Financial charges -€1,962
down €1,962 (-44.1%), from €4,445 to €2,484
- Depreciation +€1,310
up €1,310 (+3.3%), from €39,279 to €40,588
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 | €527,119 | €510,376 | -€16,743 | -3.2% |
| Fixed assets | 21/28 | €108,389 | €69,091 | -€39,298 | -36.3% |
| Tangible fixed assets | 22/27 | €108,339 | €69,041 | -€39,298 | -36.3% |
| Land and buildings | 22 | €7,307 | €6,987 | -€320 | -4.4% |
| Plant, machinery and equipment | 23 | €29,792 | €24,143 | -€5,649 | -19.0% |
| Furniture and vehicles | 24 | €47,240 | €37,911 | -€9,329 | -19.7% |
| Other tangible fixed assets | 26 | €24,000 | €0 | -€24,000 | -100% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €418,730 | €441,285 | +€22,555 | +5.4% |
| Stocks and contracts in progress | 3 | €366,976 | €388,073 | +€21,098 | +5.7% |
| Stocks | 30/36 | €366,976 | €388,073 | +€21,098 | +5.7% |
| Amounts receivable within one year | 40/41 | - | €6,500 | +€6,500 | |
| Other amounts receivable | 41 | - | €6,500 | +€6,500 | |
| Cash at bank and in hand | 54/58 | €47,180 | €41,818 | -€5,362 | -11.4% |
| Deferred charges and accrued income | 490/1 | €4,575 | €4,894 | +€319 | +7.0% |
| Total equity and liabilities | 10/49 | €527,119 | €510,376 | -€16,743 | -3.2% |
| Equity | 10/15 | €258,729 | €291,701 | +€32,973 | +12.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €158,729 | €191,701 | +€32,973 | +20.8% |
| Tax-exempt reserves | 132 | €15,455 | €15,455 | = | 0.0% |
| Distributable reserves | 133 | €143,274 | €176,247 | +€32,973 | +23.0% |
| Amounts payable | 17/49 | €268,391 | €218,675 | -€49,716 | -18.5% |
| Amounts payable within one year | 42/48 | €268,391 | €218,675 | -€49,716 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €27,272 | - | -€27,272 | |
| Trade debts | 44 | €478 | €34 | -€443 | -92.8% |
| Suppliers | 440/4 | €478 | €34 | -€443 | -92.8% |
| Taxes, remuneration and social security | 45 | €8,894 | €11,143 | +€2,249 | +25.3% |
| Taxes | 450/3 | €8,894 | €11,143 | +€2,249 | +25.3% |
| Other amounts payable | 47/48 | €231,746 | €207,497 | -€24,250 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,279 | €40,588 | +€1,310 | +3.3% |
| Other operating charges | 640/8 | €2,706 | €50 | -€2,656 | -98.2% |
| Gross operating margin | 9900 | €79,332 | €89,493 | +€10,161 | +12.8% |
| Operating profit (loss) | 9901 | €37,348 | €48,855 | +€11,507 | +30.8% |
| Financial income | 75/76B | €142 | €292 | +€149 | +105% |
| Recurring financial income | 75 | €142 | €292 | +€149 | +105% |
| Financial charges | 65/66B | €4,445 | €2,484 | -€1,962 | -44.1% |
| Recurring financial charges | 65 | €4,445 | €2,484 | -€1,962 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €33,045 | €46,663 | +€13,618 | +41.2% |
| Income taxes | 67/77 | €2,461 | €13,690 | +€11,230 | +456% |
| Profit (loss) for the period | 9904 | €30,584 | €32,973 | +€2,388 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,584 | €32,973 | +€2,388 | +7.8% |
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 22 October 2026 via checked.be.