TEOS 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.
TEOS CONSTRUCT
Largest movements
- Cash -€47,167
down €47,167 (-54.5%), from €86,595 to €39,429
mainly Trade debts (-€126,878) and Receivables within one year (-€31,772)
- Receivables within one year +€31,772
up €31,772 (+12.1%), from €262,710 to €294,482
of which Other amounts receivable: +€184,642
- Tangible fixed assets -€14,055
down €14,055 (-23.0%), from €61,111 to €47,056
of which Furniture and vehicles: -€11,376
- Trade debts -€126,878
down €126,878 (-100.0%), from €126,930 to €51
- Profit (loss) carried forward +€107,115
up €107,115 (+52.9%), from €202,342 to €309,457
- Other debts -€4,436
down €4,436 (-19.1%), from €23,184 to €18,748
- Gross operating margin -€32,328
down €32,328 (-16.9%), from €191,047 to €158,719
- Taxes -€14,565
down €14,565 (-36.5%), from €39,887 to €25,322
- Depreciation +€7,359
up €7,359 (+67.0%), from €10,982 to €18,340
- Other operating charges +€5,889
up €5,889 (+1088.4%), from €541 to €6,430
- Financial income +€2,858
new in 2025: €2,858
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €411,597 | €384,356 | -€27,241 | -6.6% |
| Fixed assets | 21/28 | €61,111 | €47,056 | -€14,055 | -23.0% |
| Tangible fixed assets | 22/27 | €61,111 | €47,056 | -€14,055 | -23.0% |
| Plant, machinery and equipment | 23 | €6,278 | €5,200 | -€1,078 | -17.2% |
| Furniture and vehicles | 24 | €37,611 | €26,235 | -€11,376 | -30.2% |
| Leasing and similar rights | 25 | €17,222 | €12,739 | -€4,483 | -26.0% |
| Other tangible fixed assets | 26 | - | €2,881 | +€2,881 | |
| Current assets | 29/58 | €350,486 | €337,300 | -€13,186 | -3.8% |
| Amounts receivable within one year | 40/41 | €262,710 | €294,482 | +€31,772 | +12.1% |
| Trade receivables | 40 | €204,663 | €51,793 | -€152,870 | -74.7% |
| Other amounts receivable | 41 | €58,047 | €242,689 | +€184,642 | +318.1% |
| Cash at bank and in hand | 54/58 | €86,595 | €39,429 | -€47,167 | -54.5% |
| Deferred charges and accrued income | 490/1 | €1,181 | €3,389 | +€2,208 | +187.1% |
| Total equity and liabilities | 10/49 | €411,597 | €384,356 | -€27,241 | -6.6% |
| Equity | 10/15 | €202,342 | €309,457 | +€107,115 | +52.9% |
| Contributions | 10/11 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €202,342 | €309,457 | +€107,115 | +52.9% |
| Amounts payable | 17/49 | €209,255 | €74,899 | -€134,356 | -64.2% |
| Amounts payable within one year | 42/48 | €209,255 | €74,899 | -€134,356 | -64.2% |
| Trade debts | 44 | €126,930 | €51 | -€126,878 | -100.0% |
| Suppliers | 440/4 | €126,930 | €51 | -€126,878 | -100.0% |
| Taxes, remuneration and social security | 45 | €59,142 | €56,100 | -€3,041 | -5.1% |
| Taxes | 450/3 | €59,142 | €56,100 | -€3,041 | -5.1% |
| Other amounts payable | 47/48 | €23,184 | €18,748 | -€4,436 | -19.1% |
| Remuneration, social security and pensions | 62 | €846 | €2,725 | +€1,879 | +222.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,982 | €18,340 | +€7,359 | +67.0% |
| Other operating charges | 640/8 | €541 | €6,430 | +€5,889 | +1088.4% |
| Gross operating margin | 9900 | €191,047 | €158,719 | -€32,328 | -16.9% |
| Operating profit (loss) | 9901 | €178,679 | €131,224 | -€47,455 | -26.6% |
| Financial income | 75/76B | - | €2,858 | +€2,858 | |
| Recurring financial income | 75 | - | €2,858 | +€2,858 | |
| Financial charges | 65/66B | €142 | €1,644 | +€1,502 | +1054.2% |
| Recurring financial charges | 65 | €142 | €1,644 | +€1,502 | +1054.2% |
| Profit (loss) for the period before taxes | 9903 | €178,536 | €132,437 | -€46,099 | -25.8% |
| Income taxes | 67/77 | €39,887 | €25,322 | -€14,565 | -36.5% |
| Profit (loss) for the period | 9904 | €138,649 | €107,115 | -€31,534 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €138,649 | €107,115 | -€31,534 | -22.7% |
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 28 September 2026 via checked.be.