TEO ENTERPRISES: 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.
TEO ENTERPRISES
Largest movements
- Cash +€257,554
up €257,554 (+78.5%), from €328,229 to €585,784
mainly Net result for the year (+€217,149) and Tax, wage and social debts (+€46,252)
- Receivables within one year +€13,059
up €13,059 (+32.5%), from €40,171 to €53,231
of which Trade receivables: +€11,683
- Tangible fixed assets -€7,635
down €7,635 (-32.0%), from €23,837 to €16,203
of which Furniture and vehicles: -€6,040
- Profit (loss) carried forward +€217,149
up €217,149 (+60.3%), from €360,302 to €577,452
- Tax, wage and social debts +€46,252
up €46,252 (+249%), from €18,602 to €64,854
of which Remuneration and social security: +€40,000
- Gross operating margin +€35,712
up €35,712 (+13.9%), from €256,818 to €292,530
- Taxes +€8,623
up €8,623 (+14.7%), from €58,497 to €67,121
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 | €392,238 | €656,259 | +€264,021 | +67.3% |
| Fixed assets | 21/28 | €23,837 | €16,203 | -€7,635 | -32.0% |
| Tangible fixed assets | 22/27 | €23,837 | €16,203 | -€7,635 | -32.0% |
| Plant, machinery and equipment | 23 | €3,703 | €2,108 | -€1,594 | -43.1% |
| Furniture and vehicles | 24 | €20,135 | €14,094 | -€6,040 | -30.0% |
| Current assets | 29/58 | €368,401 | €640,057 | +€271,656 | +73.7% |
| Amounts receivable within one year | 40/41 | €40,171 | €53,231 | +€13,059 | +32.5% |
| Trade receivables | 40 | €38,669 | €50,351 | +€11,683 | +30.2% |
| Other amounts receivable | 41 | €1,503 | €2,879 | +€1,377 | +91.6% |
| Cash at bank and in hand | 54/58 | €328,229 | €585,784 | +€257,554 | +78.5% |
| Deferred charges and accrued income | 490/1 | - | €1,042 | +€1,042 | |
| Total equity and liabilities | 10/49 | €392,238 | €656,259 | +€264,021 | +67.3% |
| Equity | 10/15 | €370,302 | €587,452 | +€217,149 | +58.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €360,302 | €577,452 | +€217,149 | +60.3% |
| Amounts payable | 17/49 | €21,936 | €68,808 | +€46,872 | +214% |
| Amounts payable within one year | 42/48 | €21,936 | €68,808 | +€46,872 | +214% |
| Trade debts | 44 | €747 | €1,476 | +€729 | +97.5% |
| Suppliers | 440/4 | €747 | €1,476 | +€729 | +97.5% |
| Taxes, remuneration and social security | 45 | €18,602 | €64,854 | +€46,252 | +249% |
| Taxes | 450/3 | €18,602 | €24,854 | +€6,252 | +33.6% |
| Remuneration and social security | 454/9 | - | €40,000 | +€40,000 | |
| Other amounts payable | 47/48 | €2,586 | €2,478 | -€108 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,838 | €7,635 | +€797 | +11.7% |
| Other operating charges | 640/8 | €528 | €411 | -€116 | -22.1% |
| Gross operating margin | 9900 | €256,818 | €292,530 | +€35,712 | +13.9% |
| Operating profit (loss) | 9901 | €249,453 | €284,484 | +€35,031 | +14.0% |
| Financial income | 75/76B | €0 | €3 | +€2 | +24,900% |
| Recurring financial income | 75 | €0 | €3 | +€2 | +24,900% |
| Financial charges | 65/66B | €59 | €217 | +€158 | +270% |
| Recurring financial charges | 65 | €59 | €217 | +€158 | +270% |
| Profit (loss) for the period before taxes | 9903 | €249,395 | €284,270 | +€34,875 | +14.0% |
| Income taxes | 67/77 | €58,497 | €67,121 | +€8,623 | +14.7% |
| Profit (loss) for the period | 9904 | €190,897 | €217,149 | +€26,252 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €190,897 | €217,149 | +€26,252 | +13.8% |
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 23 October 2026 via checked.be.