TEJA: what changed
Two fiscal 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.
TEJA
Largest movements
- Receivables after one year -€672,813
down €672,813 (-100.0%), from €672,813 to €0
- Cash +€565,573
up €565,573 (+1534.7%), from €36,852 to €602,424
mainly Receivables after one year (+€672,813) and Other debts (+€643,509)
- Receivables within one year -€41,942
down €41,942 (-94.5%), from €44,376 to €2,435
- Tangible fixed assets -€25,996
down €25,996 (-12.4%), from €209,168 to €183,172
of which Land and buildings: -€25,767
- Profit (loss) carried forward -€756,974
down €756,974 (-100.0%), from €756,974 to €0
- Other debts +€643,509
new in 2025: €643,509
- Debts after one year -€62,860
down €62,860 (-51.9%), from €121,007 to €58,147
- Current portion of long-term debt +€9,842
up €9,842 (+16.0%), from €61,426 to €71,268
- Gross operating margin -€18,442
down €18,442 (-12.4%), from €148,193 to €129,751
- Taxes -€4,095
down €4,095 (-13.1%), from €31,263 to €27,168
- Other operating charges -€3,825
down €3,825 (-72.7%), from €5,262 to €1,438
- Financial charges -€1,744
down €1,744 (-26.4%), from €6,616 to €4,872
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.
Cash bridge derived
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 | €963,210 | €788,193 | -€175,017 | -18.2% |
| Fixed assets | 21/28 | €209,168 | €183,172 | -€25,996 | -12.4% |
| Tangible fixed assets | 22/27 | €209,168 | €183,172 | -€25,996 | -12.4% |
| Land and buildings | 22 | €208,369 | €182,602 | -€25,767 | -12.4% |
| Furniture and vehicles | 24 | €800 | €570 | -€229 | -28.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €754,042 | €605,021 | -€149,021 | -19.8% |
| Amounts receivable after more than one year | 29 | €672,813 | €0 | -€672,813 | -100.0% |
| Other amounts receivable | 291 | €672,813 | €0 | -€672,813 | -100.0% |
| Amounts receivable within one year | 40/41 | €44,376 | €2,435 | -€41,942 | -94.5% |
| Other amounts receivable | 41 | €44,376 | €2,435 | -€41,942 | -94.5% |
| Cash at bank and in hand | 54/58 | €36,852 | €602,424 | +€565,573 | +1534.7% |
| Deferred charges and accrued income | 490/1 | - | €162 | +€162 | |
| Total equity and liabilities | 10/49 | €963,210 | €788,193 | -€175,017 | -18.2% |
| Equity | 10/15 | €759,474 | €2,500 | -€756,974 | -99.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €756,974 | €0 | -€756,974 | -100.0% |
| Amounts payable | 17/49 | €203,736 | €785,693 | +€581,957 | +285.6% |
| Amounts payable after more than one year | 17 | €121,007 | €58,147 | -€62,860 | -51.9% |
| Financial debts | 170/4 | €121,007 | €58,147 | -€62,860 | -51.9% |
| Amounts payable within one year | 42/48 | €82,728 | €727,545 | +€644,817 | +779.4% |
| Current portion of amounts payable after more than one year | 42 | €61,426 | €71,268 | +€9,842 | +16.0% |
| Trade debts | 44 | €451 | €0 | -€451 | -100.0% |
| Suppliers | 440/4 | €451 | €0 | -€451 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,851 | €12,768 | -€8,083 | -38.8% |
| Taxes | 450/3 | €20,851 | €12,768 | -€8,083 | -38.8% |
| Other amounts payable | 47/48 | - | €643,509 | +€643,509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,996 | €25,996 | = | 0.0% |
| Other operating charges | 640/8 | €5,262 | €1,438 | -€3,825 | -72.7% |
| Gross operating margin | 9900 | €148,193 | €129,751 | -€18,442 | -12.4% |
| Operating profit (loss) | 9901 | €116,934 | €102,317 | -€14,618 | -12.5% |
| Financial income | 75/76B | €29,979 | €29,571 | -€407 | -1.4% |
| Recurring financial income | 75 | €29,979 | €29,571 | -€407 | -1.4% |
| Financial charges | 65/66B | €6,616 | €4,872 | -€1,744 | -26.4% |
| Recurring financial charges | 65 | €6,616 | €4,872 | -€1,744 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €140,297 | €127,016 | -€13,281 | -9.5% |
| Income taxes | 67/77 | €31,263 | €27,168 | -€4,095 | -13.1% |
| Profit (loss) for the period | 9904 | €109,034 | €99,847 | -€9,186 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €109,034 | €99,847 | -€9,186 | -8.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.