TEO-Training: what changed
What changed
TEO-Training
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
-€433,888
2024 · -€305,941-€127,947
Equity
€979,579
2024 · -€86,534+€1.1m
Cash
€870,076
2024 · €31,686+€838,390
Balance sheet total
€1.8m
2024 · €1.1m+€766,938
Largest movements
Assets
- Cash +€838,390
up €838,390 (+2,646%), from €31,686 to €870,076
mainly Contributions, distributions and other (+€1.5m) and Depreciation (+€297,953)
- Receivables within one year -€40,937
down €40,937 (-16.7%), from €244,724 to €203,787
of which Trade receivables: -€39,483
- Tangible fixed assets -€37,157
down €37,157 (-23.3%), from €159,732 to €122,574
of which Plant, machinery and equipment: -€38,206
Equity and liabilities
- Contributions +€1.5m
up €1.5m (+1,020%), from €147,000 to €1.6m
- Profit (loss) carried forward -€433,888
down €433,888 (-175%), from -€248,234 to -€682,121
- Short-term financial debts -€210,000
down €210,000 (-100%), from €210,000 to €0
- Trade debts -€108,377
down €108,377 (-44.6%), from €243,016 to €134,639
- Accrued charges and deferred income +€43,844
up €43,844 (+396%), from €11,074 to €54,918
Income statement
- Gross operating margin -€116,464
down €116,464 (-62.5%), from €186,326 to €69,862
- Depreciation -€51,008
down €51,008 (-14.6%), from €348,961 to €297,953
- Financial income -€50,509
down €50,509 (-99.6%), from €50,689 to €180
- Write-downs -€5,633
down €5,633 (-100%), from €5,633 to €0
- Financial charges +€2,358
up €2,358 (+7.8%), from €30,082 to €32,440
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€305,941
Gross operating margin
-€116,464
Staff costs
-€2,182
Depreciation
+€51,008
Write-downs
+€5,633
Other operating charges
-€1,521
Other operating items
-€9,471
Financial income
-€50,509
Financial charges
-€2,358
Taxes
-€2,082
Result 2025
-€433,888
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€177,491
Investment
-€265,506
Financing
+€1.3m
Cash 2024
€31,686
From operations (derived)
-€177,491
Net result for the year
-€433,888
Depreciation
+€297,953
Receivables after one year
-€7,967
Stocks and contracts
+€9,100
Receivables within one year
+€40,937
Deferred charges and accrued income
-€3,066
Trade debts
-€108,377
Tax, wage and social debts
-€16,028
Accrued charges and deferred income
+€43,844
Investment (derived)
-€265,506
Investment in fixed assets (net)
-€265,506
Financing
+€1.3m
Debts after one year
-€7,547
Current portion of long-term debt
-€1,067
Short-term financial debts
-€210,000
Contributions, distributions and other
+€1.5m
Cash 2025
€870,076
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,077,828 | €1,844,766 | +€766,938 | +71.2% |
| Fixed assets | 21/28 | €758,297 | €725,849 | -€32,448 | -4.3% |
| Intangible fixed assets | 21 | €596,565 | €601,275 | +€4,710 | +0.8% |
| Tangible fixed assets | 22/27 | €159,732 | €122,574 | -€37,157 | -23.3% |
| Plant, machinery and equipment | 23 | €157,766 | €119,560 | -€38,206 | -24.2% |
| Furniture and vehicles | 24 | €1,966 | €3,014 | +€1,049 | +53.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €319,531 | €1,118,916 | +€799,385 | +250% |
| Amounts receivable after more than one year | 29 | €27,727 | €35,694 | +€7,967 | +28.7% |
| Other amounts receivable | 291 | €27,727 | €35,694 | +€7,967 | +28.7% |
| Stocks and contracts in progress | 3 | €9,100 | €0 | -€9,100 | -100% |
| Stocks | 30/36 | €9,100 | €0 | -€9,100 | -100% |
| Amounts receivable within one year | 40/41 | €244,724 | €203,787 | -€40,937 | -16.7% |
| Trade receivables | 40 | €222,724 | €183,241 | -€39,483 | -17.7% |
| Other amounts receivable | 41 | €22,000 | €20,545 | -€1,455 | -6.6% |
| Cash at bank and in hand | 54/58 | €31,686 | €870,076 | +€838,390 | +2,646% |
| Deferred charges and accrued income | 490/1 | €6,294 | €9,360 | +€3,066 | +48.7% |
| Total equity and liabilities | 10/49 | €1,077,828 | €1,844,766 | +€766,938 | +71.2% |
| Equity | 10/15 | -€86,534 | €979,579 | +€1.1m | |
| Contributions | 10/11 | €147,000 | €1,647,000 | +€1.5m | +1,020% |
| Reserves | 13 | €14,700 | €14,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,700 | €0 | -€14,700 | -100% |
| Reserves not available under the articles | 1311 | €14,700 | €0 | -€14,700 | -100% |
| Distributable reserves | 133 | €0 | €14,700 | +€14,700 | |
| Profit (loss) carried forward | 14 | -€248,234 | -€682,121 | -€433,888 | -175% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €1,164,362 | €865,187 | -€299,175 | -25.7% |
| Amounts payable after more than one year | 17 | €462,042 | €454,495 | -€7,547 | -1.6% |
| Financial debts | 170/4 | €462,042 | €454,495 | -€7,547 | -1.6% |
| Amounts payable within one year | 42/48 | €691,246 | €355,774 | -€335,472 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €110,519 | €109,452 | -€1,067 | -1.0% |
| Financial debts | 43 | €210,000 | €0 | -€210,000 | -100% |
| Credit institutions | 430/8 | €210,000 | €0 | -€210,000 | -100% |
| Trade debts | 44 | €243,016 | €134,639 | -€108,377 | -44.6% |
| Suppliers | 440/4 | €243,016 | €134,639 | -€108,377 | -44.6% |
| Taxes, remuneration and social security | 45 | €42,140 | €26,112 | -€16,028 | -38.0% |
| Taxes | 450/3 | €16,867 | €5,859 | -€11,008 | -65.3% |
| Remuneration and social security | 454/9 | €25,273 | €20,253 | -€5,020 | -19.9% |
| Other amounts payable | 47/48 | €85,571 | €85,571 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €11,074 | €54,918 | +€43,844 | +396% |
| Remuneration, social security and pensions | 62 | €166,939 | €169,121 | +€2,182 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348,961 | €297,953 | -€51,008 | -14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,633 | €0 | -€5,633 | -100% |
| Other operating charges | 640/8 | €1,389 | €2,911 | +€1,521 | +109% |
| Non-recurring operating charges | 66A | €0 | €9,471 | +€9,471 | |
| Gross operating margin | 9900 | €186,326 | €69,862 | -€116,464 | -62.5% |
| Operating profit (loss) | 9901 | -€336,596 | -€409,594 | -€72,998 | -21.7% |
| Financial income | 75/76B | €50,689 | €180 | -€50,509 | -99.6% |
| Recurring financial income | 75 | €50,689 | €180 | -€50,509 | -99.6% |
| Financial charges | 65/66B | €30,082 | €32,440 | +€2,358 | +7.8% |
| Recurring financial charges | 65 | €30,082 | €32,440 | +€2,358 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€315,989 | -€441,855 | -€125,865 | -39.8% |
| Income taxes | 67/77 | -€10,049 | -€7,967 | +€2,082 | +20.7% |
| Profit (loss) for the period | 9904 | -€305,941 | -€433,888 | -€127,947 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€305,941 | -€433,888 | -€127,947 | -41.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.