TEODOR CONSTRUCT: 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.
TEODOR CONSTRUCT
Largest movements
- Receivables within one year +€162,173
up €162,173 (+258.9%), from €62,645 to €224,817
of which Trade receivables: +€138,944
- Cash -€2,882
down €2,882 (-85.6%), from €3,367 to €485
mainly Receivables within one year (-€162,173) and Contributions, distributions and other (-€290)
- Profit (loss) carried forward +€77,026
up €77,026 (+165.9%), from €46,429 to €123,455
- Trade debts +€47,895
up €47,895 (+661.5%), from €7,241 to €55,136
- Tax, wage and social debts +€34,369
up €34,369 (+278.5%), from €12,342 to €46,711
- Gross operating margin +€54,315
up €54,315 (+93.4%), from €58,177 to €112,492
- Taxes +€22,027
up €22,027 (+178.5%), from €12,342 to €34,369
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,012 | €225,302 | +€159,290 | +241.3% |
| Current assets | 29/58 | €66,012 | €225,302 | +€159,290 | +241.3% |
| Amounts receivable within one year | 40/41 | €62,645 | €224,817 | +€162,173 | +258.9% |
| Trade receivables | 40 | €22,468 | €161,412 | +€138,944 | +618.4% |
| Other amounts receivable | 41 | €40,177 | €63,405 | +€23,228 | +57.8% |
| Cash at bank and in hand | 54/58 | €3,367 | €485 | -€2,882 | -85.6% |
| Total equity and liabilities | 10/49 | €66,012 | €225,302 | +€159,290 | +241.3% |
| Equity | 10/15 | €46,429 | €123,455 | +€77,026 | +165.9% |
| Profit (loss) carried forward | 14 | €46,429 | €123,455 | +€77,026 | +165.9% |
| Amounts payable | 17/49 | €19,583 | €101,847 | +€82,264 | +420.1% |
| Amounts payable within one year | 42/48 | €19,583 | €101,847 | +€82,264 | +420.1% |
| Trade debts | 44 | €7,241 | €55,136 | +€47,895 | +661.5% |
| Suppliers | 440/4 | €7,241 | €55,136 | +€47,895 | +661.5% |
| Taxes, remuneration and social security | 45 | €12,342 | €46,711 | +€34,369 | +278.5% |
| Taxes | 450/3 | €12,342 | €46,711 | +€34,369 | +278.5% |
| Other operating charges | 640/8 | - | €484 | +€484 | |
| Gross operating margin | 9900 | €58,177 | €112,492 | +€54,315 | +93.4% |
| Operating profit (loss) | 9901 | €58,177 | €112,008 | +€53,831 | +92.5% |
| Financial income | 75/76B | €607 | - | -€607 | |
| Recurring financial income | 75 | €607 | - | -€607 | |
| Financial charges | 65/66B | €13 | €323 | +€310 | +2442.7% |
| Recurring financial charges | 65 | €13 | €323 | +€310 | +2442.7% |
| Profit (loss) for the period before taxes | 9903 | €58,771 | €111,685 | +€52,914 | +90.0% |
| Income taxes | 67/77 | €12,342 | €34,369 | +€22,027 | +178.5% |
| Profit (loss) for the period | 9904 | €46,429 | €77,316 | +€30,887 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,429 | €77,316 | +€30,887 | +66.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.