TEONIA: 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.
What changed
TEONIA
NACE 32.500, Manufacture of medical and dental instruments and supplies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€457,716
2024 · €262,567+€195,149
Equity
€718,094
2024 · €1.8m-€1.1m
Cash
€443,443
2024 · €666,258-€222,815
Balance sheet total
€1.7m
2024 · €3.4m-€1.6m
Largest movements
Assets
- Tangible fixed assets -€1.2m
down €1.2m (-92.3%), from €1.3m to €101,972
of which Land and buildings: -€1.0m
- Cash -€222,815
down €222,815 (-33.4%), from €666,258 to €443,443
mainly Contributions, distributions and other (-€1.5m) and Debts after one year (-€1.0m)
- Stocks and contracts -€124,557
down €124,557 (-15.7%), from €792,295 to €667,738
- Receivables within one year -€36,263
down €36,263 (-6.6%), from €547,434 to €511,171
of which Trade receivables: -€25,442
Equity and liabilities
- Debts after one year -€1.0m
down €1.0m (-99.2%), from €1.0m to €8,650
- Profit (loss) carried forward -€946,426
down €946,426 (-66.5%), from €1.4m to €476,879
- Other debts +€613,848
new in 2025: €613,848
- Current portion of long-term debt -€136,388
down €136,388 (-87.0%), from €156,805 to €20,416
- Contributions -€124,129
down €124,129 (-50.8%), from €244,568 to €120,439
Income statement
- Gross operating margin +€234,274
up €234,274 (+14.0%), from €1.7m to €1.9m
- Depreciation -€77,510
down €77,510 (-78.2%), from €99,134 to €21,623
- Staff costs +€60,618
up €60,618 (+6.4%), from €944,162 to €1.0m
- Taxes +€29,940
up €29,940 (+19.6%), from €152,758 to €182,698
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
€262,567
Gross operating margin
+€234,274
Staff costs
-€60,618
Depreciation
+€77,510
Write-downs
-€14,502
Other operating charges
-€2,058
Other operating items
-€227
Financial income
-€11
Financial charges
-€9,280
Taxes
-€29,940
Result 2025
€457,716
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
+€1.3m
Investment
+€1.2m
Financing
-€2.8m
Cash 2024
€666,258
From operations (derived)
+€1.3m
Net result for the year
+€457,716
Depreciation
+€21,623
Stocks and contracts
+€124,557
Receivables within one year
+€36,263
Deferred charges and accrued income
-€4,346
Trade debts
+€108,577
Tax, wage and social debts
-€38,466
Advances received
-€8,690
Other debts
+€613,848
Accrued charges and deferred income
+€9,450
Investment (derived)
+€1.2m
Investment in fixed assets (net)
+€1.2m
Financing
-€2.8m
Debts after one year
-€1.0m
Current portion of long-term debt
-€136,388
Short-term financial debts
-€75,024
Contributions, distributions and other
-€1.5m
Cash 2025
€443,443
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,369,674 | €1,748,009 | -€1.6m | -48.1% |
| Fixed assets | 21/28 | €1,361,242 | €118,867 | -€1.2m | -91.3% |
| Intangible fixed assets | 21 | €19,070 | €6,495 | -€12,575 | -65.9% |
| Tangible fixed assets | 22/27 | €1,324,696 | €101,972 | -€1.2m | -92.3% |
| Land and buildings | 22 | €1,033,597 | - | -€1.0m | |
| Plant, machinery and equipment | 23 | €161,475 | €1,345 | -€160,130 | -99.2% |
| Furniture and vehicles | 24 | €62,304 | €34,043 | -€28,261 | -45.4% |
| Other tangible fixed assets | 26 | €2,210 | €1,474 | -€737 | -33.3% |
| Assets under construction and advance payments | 27 | €65,111 | €65,111 | = | 0.0% |
| Financial fixed assets | 28 | €17,476 | €10,400 | -€7,076 | -40.5% |
| Current assets | 29/58 | €2,008,431 | €1,629,142 | -€379,289 | -18.9% |
| Stocks and contracts in progress | 3 | €792,295 | €667,738 | -€124,557 | -15.7% |
| Stocks | 30/36 | €792,295 | €667,738 | -€124,557 | -15.7% |
| Amounts receivable within one year | 40/41 | €547,434 | €511,171 | -€36,263 | -6.6% |
| Trade receivables | 40 | €306,893 | €281,451 | -€25,442 | -8.3% |
| Other amounts receivable | 41 | €240,541 | €229,721 | -€10,820 | -4.5% |
| Cash at bank and in hand | 54/58 | €666,258 | €443,443 | -€222,815 | -33.4% |
| Deferred charges and accrued income | 490/1 | €2,444 | €6,790 | +€4,346 | +177.8% |
| Total equity and liabilities | 10/49 | €3,369,674 | €1,748,009 | -€1.6m | -48.1% |
| Equity | 10/15 | €1,784,890 | €718,094 | -€1.1m | -59.8% |
| Contributions | 10/11 | €244,568 | €120,439 | -€124,129 | -50.8% |
| Capital | 10 | €244,568 | €120,439 | -€124,129 | -50.8% |
| Issued capital | 100 | €244,568 | €120,439 | -€124,129 | -50.8% |
| Reserves | 13 | €117,017 | €120,776 | +€3,759 | +3.2% |
| Non-distributable reserves | 130/1 | €24,457 | €12,044 | -€12,413 | -50.8% |
| Legal reserve | 130 | €24,457 | €12,044 | -€12,413 | -50.8% |
| Tax-exempt reserves | 132 | €92,560 | €63,150 | -€29,410 | -31.8% |
| Distributable reserves | 133 | - | €45,582 | +€45,582 | |
| Profit (loss) carried forward | 14 | €1,423,305 | €476,879 | -€946,426 | -66.5% |
| Amounts payable | 17/49 | €1,584,784 | €1,029,915 | -€554,868 | -35.0% |
| Amounts payable after more than one year | 17 | €1,036,825 | €8,650 | -€1.0m | -99.2% |
| Financial debts | 170/4 | €1,036,825 | €8,650 | -€1.0m | -99.2% |
| Amounts payable within one year | 42/48 | €547,959 | €1,011,815 | +€463,857 | +84.7% |
| Current portion of amounts payable after more than one year | 42 | €156,805 | €20,416 | -€136,388 | -87.0% |
| Financial debts | 43 | €116,370 | €41,345 | -€75,024 | -64.5% |
| Credit institutions | 430/8 | €116,370 | €41,345 | -€75,024 | -64.5% |
| Trade debts | 44 | €41,854 | €150,431 | +€108,577 | +259.4% |
| Suppliers | 440/4 | €41,854 | €150,431 | +€108,577 | +259.4% |
| Advances received on contracts in progress | 46 | €10,690 | €2,000 | -€8,690 | -81.3% |
| Taxes, remuneration and social security | 45 | €222,241 | €183,775 | -€38,466 | -17.3% |
| Taxes | 450/3 | €82,118 | €67,259 | -€14,859 | -18.1% |
| Remuneration and social security | 454/9 | €140,123 | €116,516 | -€23,607 | -16.8% |
| Other amounts payable | 47/48 | - | €613,848 | +€613,848 | |
| Accrued charges and deferred income | 492/3 | - | €9,450 | +€9,450 | |
| Remuneration, social security and pensions | 62 | €944,162 | €1,004,780 | +€60,618 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,134 | €21,623 | -€77,510 | -78.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,595 | €23,098 | +€14,502 | +168.7% |
| Other operating charges | 640/8 | €25,540 | €27,597 | +€2,058 | +8.1% |
| Non-recurring operating charges | 66A | - | €227 | +€227 | |
| Gross operating margin | 9900 | €1,677,914 | €1,912,188 | +€234,274 | +14.0% |
| Operating profit (loss) | 9901 | €600,484 | €834,863 | +€234,379 | +39.0% |
| Financial income | 75/76B | €1,472 | €1,461 | -€11 | -0.7% |
| Recurring financial income | 75 | €1,472 | €1,461 | -€11 | -0.7% |
| Financial charges | 65/66B | €186,630 | €195,909 | +€9,280 | +5.0% |
| Recurring financial charges | 65 | €66,552 | €24,272 | -€42,280 | -63.5% |
| Non-recurring financial charges | 66B | €120,078 | €171,638 | +€51,560 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €415,326 | €640,414 | +€225,089 | +54.2% |
| Income taxes | 67/77 | €152,758 | €182,698 | +€29,940 | +19.6% |
| Profit (loss) for the period | 9904 | €262,567 | €457,716 | +€195,149 | +74.3% |
| Transfer from tax-exempt reserves | 789 | - | €45,582 | +€45,582 | |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €262,567 | €440,148 | +€177,580 | +67.6% |
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 10 October 2026 via checked.be.