TEO CONSULT: 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.
TEO CONSULT
Largest movements
- Cash +€13,853
up €13,853 (+637.4%), from €2,173 to €16,026
mainly Tax, wage and social debts (+€17,962) and Trade debts (+€10,287)
- Receivables within one year +€13,459
up €13,459 (+36.4%), from €36,972 to €50,431
of which Trade receivables: +€8,494
- Tax, wage and social debts +€17,962
up €17,962 (+261.6%), from €6,867 to €24,829
of which Remuneration and social security: +€13,592
- Trade debts +€10,287
up €10,287 (+344.1%), from €2,989 to €13,276
- Other debts -€2,335
no longer reported in 2025 (was €2,335)
- Staff costs +€60,073
up €60,073 (+62.6%), from €96,010 to €156,082
- Gross operating margin +€52,952
up €52,952 (+47.3%), from €111,913 to €164,866
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 | €43,255 | €69,842 | +€26,586 | +61.5% |
| Fixed assets | 21/28 | €1,423 | €948 | -€474 | -33.3% |
| Tangible fixed assets | 22/27 | €1,423 | €948 | -€474 | -33.3% |
| Furniture and vehicles | 24 | €1,423 | €948 | -€474 | -33.3% |
| Current assets | 29/58 | €41,833 | €68,893 | +€27,061 | +64.7% |
| Amounts receivable within one year | 40/41 | €36,972 | €50,431 | +€13,459 | +36.4% |
| Trade receivables | 40 | €36,972 | €45,466 | +€8,494 | +23.0% |
| Other amounts receivable | 41 | - | €4,965 | +€4,965 | |
| Cash at bank and in hand | 54/58 | €2,173 | €16,026 | +€13,853 | +637.4% |
| Deferred charges and accrued income | 490/1 | €2,687 | €2,436 | -€251 | -9.3% |
| Total equity and liabilities | 10/49 | €43,255 | €69,842 | +€26,586 | +61.5% |
| Equity | 10/15 | €31,064 | €31,737 | +€673 | +2.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,064 | €26,737 | +€673 | +2.6% |
| Amounts payable | 17/49 | €12,191 | €38,105 | +€25,914 | +212.6% |
| Amounts payable within one year | 42/48 | €12,191 | €38,105 | +€25,914 | +212.6% |
| Trade debts | 44 | €2,989 | €13,276 | +€10,287 | +344.1% |
| Suppliers | 440/4 | €2,989 | €13,276 | +€10,287 | +344.1% |
| Taxes, remuneration and social security | 45 | €6,867 | €24,829 | +€17,962 | +261.6% |
| Taxes | 450/3 | €4,413 | €8,784 | +€4,370 | +99.0% |
| Remuneration and social security | 454/9 | €2,453 | €16,045 | +€13,592 | +554.0% |
| Other amounts payable | 47/48 | €2,335 | - | -€2,335 | |
| Remuneration, social security and pensions | 62 | €96,010 | €156,082 | +€60,073 | +62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €474 | €474 | = | 0.0% |
| Other operating charges | 640/8 | €237 | €796 | +€559 | +235.7% |
| Gross operating margin | 9900 | €111,913 | €164,866 | +€52,952 | +47.3% |
| Operating profit (loss) | 9901 | €15,192 | €7,513 | -€7,679 | -50.5% |
| Financial charges | 65/66B | €728 | €673 | -€54 | -7.5% |
| Recurring financial charges | 65 | €728 | €673 | -€54 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €14,464 | €6,840 | -€7,625 | -52.7% |
| Income taxes | 67/77 | €5,393 | €6,167 | +€774 | +14.4% |
| Profit (loss) for the period | 9904 | €9,071 | €673 | -€8,399 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,071 | €673 | -€8,399 | -92.6% |
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 7 October 2026 via checked.be.