Teko: 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.
What changed
Teko
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€53,886
2024 · €125,307-€179,193
Equity
€3.9m
2024 · €4.3m-€408,887
Cash
€307,339
2024 · €334,224-€26,885
Balance sheet total
€4.8m
2024 · €5.0m-€242,817
Largest movements
Assets
- Tangible fixed assets -€136,423
down €136,423 (-6.0%), from €2.3m to €2.1m
of which Land and buildings: -€119,294
- Current investments -€98,986
down €98,986 (-4.1%), from €2.4m to €2.3m
Equity and liabilities
- Reserves -€401,921
down €401,921 (-17.4%), from €2.3m to €1.9m
of which Distributable reserves: -€401,921
- Other debts +€185,794
up €185,794 (+70.9%), from €262,061 to €447,855
Income statement
- Gross operating margin -€251,782
down €251,782 (-72.1%), from €349,358 to €97,576
- Taxes -€49,290
down €49,290 (-98.8%), from €49,884 to €594
- Financial income +€26,150
up €26,150 (+223.8%), from €11,687 to €37,837
of which Non-recurring financial income: +€22,563
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.
Result 2024
€125,307
Gross operating margin
-€251,782
Depreciation
-€80
Other operating charges
-€2,816
Financial income
+€26,150
Financial charges
+€45
Taxes
+€49,290
Result 2025
-€53,886
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.
From operations
+€274,192
Investment
+€98,985
Financing
-€400,062
Cash 2024
€334,224
From operations (derived)
+€274,192
Net result for the year
-€53,886
Depreciation
+€136,424
Receivables within one year
-€11,829
Deferred charges and accrued income
-€7,648
Trade debts
+€3,816
Tax, wage and social debts
+€21,521
Other debts
+€185,794
Investment (derived)
+€98,985
Investment in fixed assets (net)
-€1
Current investments
+€98,986
Financing
-€400,062
Debts after one year
-€45,774
Current portion of long-term debt
+€713
Contributions, distributions and other
-€355,001
Cash 2025
€307,339
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,037,334 | €4,794,517 | -€242,817 | -4.8% |
| Fixed assets | 21/28 | €2,268,592 | €2,132,169 | -€136,423 | -6.0% |
| Tangible fixed assets | 22/27 | €2,268,592 | €2,132,169 | -€136,423 | -6.0% |
| Land and buildings | 22 | €2,198,787 | €2,079,493 | -€119,294 | -5.4% |
| Furniture and vehicles | 24 | €35,792 | €23,060 | -€12,732 | -35.6% |
| Other tangible fixed assets | 26 | €34,013 | €29,616 | -€4,397 | -12.9% |
| Current assets | 29/58 | €2,768,742 | €2,662,348 | -€106,394 | -3.8% |
| Amounts receivable within one year | 40/41 | €13,035 | €24,864 | +€11,829 | +90.7% |
| Trade receivables | 40 | - | €13,397 | +€13,397 | |
| Other amounts receivable | 41 | €13,035 | €11,467 | -€1,568 | -12.0% |
| Current investments | 50/53 | €2,419,620 | €2,320,634 | -€98,986 | -4.1% |
| Cash at bank and in hand | 54/58 | €334,224 | €307,339 | -€26,885 | -8.0% |
| Deferred charges and accrued income | 490/1 | €1,863 | €9,511 | +€7,648 | +410.5% |
| Total equity and liabilities | 10/49 | €5,037,334 | €4,794,517 | -€242,817 | -4.8% |
| Equity | 10/15 | €4,283,564 | €3,874,677 | -€408,887 | -9.5% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | - | €99,157 | +€99,157 | |
| Issued capital | 100 | - | €99,157 | +€99,157 | |
| Reserves | 13 | €2,314,758 | €1,912,837 | -€401,921 | -17.4% |
| Non-distributable reserves | 130/1 | €1,461,961 | €1,461,961 | = | 0.0% |
| Legal reserve | 130 | - | €19,164 | +€19,164 | |
| Reserves not available under the articles | 1311 | €19,164 | €1,442,797 | +€1.4m | +7428.7% |
| Own shares acquired | 1312 | €1,442,797 | - | -€1.4m | |
| Tax-exempt reserves | 132 | €87,637 | €87,637 | = | 0.0% |
| Distributable reserves | 133 | €765,160 | €363,239 | -€401,921 | -52.5% |
| Profit (loss) carried forward | 14 | €1,869,649 | €1,862,683 | -€6,966 | -0.4% |
| Amounts payable | 17/49 | €753,770 | €919,840 | +€166,070 | +22.0% |
| Amounts payable after more than one year | 17 | €443,151 | €397,377 | -€45,774 | -10.3% |
| Financial debts | 170/4 | €443,151 | €397,377 | -€45,774 | -10.3% |
| Amounts payable within one year | 42/48 | €310,069 | €521,913 | +€211,844 | +68.3% |
| Current portion of amounts payable after more than one year | 42 | €45,061 | €45,774 | +€713 | +1.6% |
| Trade debts | 44 | €639 | €4,455 | +€3,816 | +597.2% |
| Suppliers | 440/4 | €639 | €4,455 | +€3,816 | +597.2% |
| Taxes, remuneration and social security | 45 | €2,308 | €23,829 | +€21,521 | +932.5% |
| Taxes | 450/3 | €2,308 | €23,829 | +€21,521 | +932.5% |
| Other amounts payable | 47/48 | €262,061 | €447,855 | +€185,794 | +70.9% |
| Accrued charges and deferred income | 492/3 | €550 | €550 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,344 | €136,424 | +€80 | +0.1% |
| Other operating charges | 640/8 | €40,256 | €43,072 | +€2,816 | +7.0% |
| Gross operating margin | 9900 | €349,358 | €97,576 | -€251,782 | -72.1% |
| Operating profit (loss) | 9901 | €172,758 | -€81,920 | -€254,678 | |
| Financial income | 75/76B | €11,687 | €37,837 | +€26,150 | +223.8% |
| Recurring financial income | 75 | €11,687 | €15,274 | +€3,587 | +30.7% |
| Non-recurring financial income | 76B | - | €22,563 | +€22,563 | |
| Financial charges | 65/66B | €9,254 | €9,209 | -€45 | -0.5% |
| Recurring financial charges | 65 | €9,254 | €9,209 | -€45 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €175,191 | -€53,292 | -€228,483 | |
| Income taxes | 67/77 | €49,884 | €594 | -€49,290 | -98.8% |
| Profit (loss) for the period | 9904 | €125,307 | -€53,886 | -€179,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €125,307 | -€53,886 | -€179,193 |
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 1 October 2026 via checked.be.