TEOS CONSEILS: 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.
What changed
TEOS CONSEILS
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€235
2024 · -€15,718+€15,482
Equity
€82,614
2024 · €82,849-€235
Cash
€410
2024 · €149+€261
Balance sheet total
€286,296
2024 · €309,171-€22,875
Largest movements
Assets
- Tangible fixed assets -€23,891
down €23,891 (-7.9%), from €303,912 to €280,021
of which Land and buildings: -€22,717
Equity and liabilities
- Debts after one year -€12,146
down €12,146 (-9.5%), from €127,915 to €115,769
- Reserves -€10,044
down €10,044 (-6.3%), from €159,412 to €149,368
of which Tax-exempt reserves: -€10,044
- Profit (loss) carried forward +€9,808
up €9,808 (+11.2%), from -€87,346 to -€77,538
- Other debts -€3,904
down €3,904 (-18.7%), from €20,836 to €16,932
- Short-term financial debts -€3,873
down €3,873 (-62.1%), from €6,240 to €2,368
Income statement
- Turnover +€56,316
new in 2025: €56,316
- Purchases and services +€51,442
new in 2025: €51,442
- Gross operating margin +€14,094
up €14,094 (+103.4%), from €13,631 to €27,725
- Other operating charges -€1,543
down €1,543 (-43.5%), from €3,549 to €2,006
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
-€15,718
Gross operating margin
+€14,094
Depreciation
-€334
Other operating charges
+€1,543
Financial income
+€6
Financial charges
+€169
Taxes
+€4
Result 2025
-€235
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
+€16,387
Investment
-€389
Financing
-€15,737
Cash 2024
€149
From operations (derived)
+€16,387
Net result for the year
-€235
Depreciation
+€24,392
Receivables within one year
-€1,015
Deferred charges and accrued income
+€148
Provisions
-€3,348
Trade debts
+€95
Tax, wage and social debts
-€154
Advances received
+€618
Other debts
-€3,904
Accrued charges and deferred income
-€210
Investment (derived)
-€389
Investment in fixed assets (net)
-€389
Financing
-€15,737
Debts after one year
-€12,146
Current portion of long-term debt
+€281
Short-term financial debts
-€3,873
Cash 2025
€410
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,171 | €286,296 | -€22,875 | -7.4% |
| Fixed assets | 21/28 | €304,221 | €280,218 | -€24,003 | -7.9% |
| Intangible fixed assets | 21 | €259 | €147 | -€112 | -43.2% |
| Tangible fixed assets | 22/27 | €303,912 | €280,021 | -€23,891 | -7.9% |
| Land and buildings | 22 | €300,220 | €277,504 | -€22,717 | -7.6% |
| Plant, machinery and equipment | 23 | €142 | €90 | -€52 | -36.5% |
| Furniture and vehicles | 24 | €1,731 | €1,465 | -€266 | -15.4% |
| Other tangible fixed assets | 26 | €1,819 | €962 | -€857 | -47.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €4,950 | €6,078 | +€1,128 | +22.8% |
| Amounts receivable within one year | 40/41 | €3,344 | €4,359 | +€1,015 | +30.3% |
| Trade receivables | 40 | €3,063 | €4,302 | +€1,239 | +40.4% |
| Other amounts receivable | 41 | €281 | €57 | -€224 | -79.8% |
| Cash at bank and in hand | 54/58 | €149 | €410 | +€261 | +175.1% |
| Deferred charges and accrued income | 490/1 | €1,457 | €1,310 | -€148 | -10.1% |
| Total equity and liabilities | 10/49 | €309,171 | €286,296 | -€22,875 | -7.4% |
| Equity | 10/15 | €82,849 | €82,614 | -€235 | -0.3% |
| Contributions | 10/11 | €10,783 | €10,783 | = | 0.0% |
| Reserves | 13 | €159,412 | €149,368 | -€10,044 | -6.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €157,553 | €147,509 | -€10,044 | -6.4% |
| Profit (loss) carried forward | 14 | -€87,346 | -€77,538 | +€9,808 | +11.2% |
| Provisions and deferred taxes | 16 | €52,518 | €49,170 | -€3,348 | -6.4% |
| Deferred taxes | 168 | €52,518 | €49,170 | -€3,348 | -6.4% |
| Amounts payable | 17/49 | €173,804 | €154,512 | -€19,291 | -11.1% |
| Amounts payable after more than one year | 17 | €127,915 | €115,769 | -€12,146 | -9.5% |
| Financial debts | 170/4 | €127,915 | €115,769 | -€12,146 | -9.5% |
| Amounts payable within one year | 42/48 | €45,680 | €38,743 | -€6,936 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €12,865 | €13,146 | +€281 | +2.2% |
| Financial debts | 43 | €6,240 | €2,368 | -€3,873 | -62.1% |
| Credit institutions | 430/8 | €6,240 | €2,368 | -€3,873 | -62.1% |
| Trade debts | 44 | €4,703 | €4,799 | +€95 | +2.0% |
| Suppliers | 440/4 | €4,703 | €4,799 | +€95 | +2.0% |
| Advances received on contracts in progress | 46 | - | €618 | +€618 | |
| Taxes, remuneration and social security | 45 | €1,035 | €881 | -€154 | -14.9% |
| Taxes | 450/3 | €1,035 | €881 | -€154 | -14.9% |
| Other amounts payable | 47/48 | €20,836 | €16,932 | -€3,904 | -18.7% |
| Accrued charges and deferred income | 492/3 | €210 | €0 | -€210 | -100.0% |
| Turnover | 70 | - | €56,316 | +€56,316 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €51,442 | +€51,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,058 | €24,392 | +€334 | +1.4% |
| Other operating charges | 640/8 | €3,549 | €2,006 | -€1,543 | -43.5% |
| Gross operating margin | 9900 | €13,631 | €27,725 | +€14,094 | +103.4% |
| Operating profit (loss) | 9901 | -€13,976 | €1,327 | +€15,303 | |
| Financial income | 75/76B | €2 | €8 | +€6 | +228.5% |
| Recurring financial income | 75 | €2 | €8 | +€6 | +228.5% |
| Financial charges | 65/66B | €4,907 | €4,738 | -€169 | -3.4% |
| Recurring financial charges | 65 | €4,907 | €4,738 | -€169 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,881 | -€3,402 | +€15,478 | +82.0% |
| Transfer from deferred taxes | 780 | €3,348 | €3,348 | = | 0.0% |
| Income taxes | 67/77 | €185 | €181 | -€4 | -2.1% |
| Profit (loss) for the period | 9904 | -€15,718 | -€235 | +€15,482 | +98.5% |
| Transfer from tax-exempt reserves | 789 | €10,044 | €10,044 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,674 | €9,808 | +€15,482 |
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 3 October 2026 via checked.be.