TEOSTAN: 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.
TEOSTAN
Largest movements
- Receivables within one year -€31,018
down €31,018 (-19.0%), from €163,150 to €132,132
of which Other amounts receivable: -€24,817
- Tangible fixed assets +€22,245
new in 2025: €22,245
- Cash +€8,743
up €8,743 (+417.7%), from €2,093 to €10,835
mainly Receivables within one year (+€31,018) and Trade debts (+€15,363)
- Deferred charges and accrued income +€2,386
up €2,386 (+160.5%), from €1,487 to €3,873
- Trade debts +€15,363
up €15,363 (+553.9%), from €2,774 to €18,136
- Short-term financial debts -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts -€7,661
down €7,661 (-31.6%), from €24,210 to €16,549
of which Taxes: -€5,608
- Profit (loss) carried forward +€4,653
up €4,653 (+3.7%), from €125,847 to €130,500
- Financial charges +€32,206
up €32,206 (+7593.4%), from €424 to €32,630
- Purchases and services +€18,149
up €18,149 (+4.5%), from €401,779 to €419,928
- Gross operating margin -€9,734
down €9,734 (-18.6%), from €52,323 to €42,589
- Taxes -€7,501
down €7,501 (-68.8%), from €10,910 to €3,409
- Turnover +€6,948
up €6,948 (+1.6%), from €444,902 to €451,851
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 | €167,830 | €170,185 | +€2,355 | +1.4% |
| Fixed assets | 21/28 | €1,100 | €23,345 | +€22,245 | +2022.2% |
| Tangible fixed assets | 22/27 | - | €22,245 | +€22,245 | |
| Furniture and vehicles | 24 | - | €22,245 | +€22,245 | |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €166,730 | €146,841 | -€19,890 | -11.9% |
| Amounts receivable within one year | 40/41 | €163,150 | €132,132 | -€31,018 | -19.0% |
| Trade receivables | 40 | €111,139 | €104,938 | -€6,201 | -5.6% |
| Other amounts receivable | 41 | €52,012 | €27,194 | -€24,817 | -47.7% |
| Cash at bank and in hand | 54/58 | €2,093 | €10,835 | +€8,743 | +417.7% |
| Deferred charges and accrued income | 490/1 | €1,487 | €3,873 | +€2,386 | +160.5% |
| Total equity and liabilities | 10/49 | €167,830 | €170,185 | +€2,355 | +1.4% |
| Equity | 10/15 | €130,847 | €135,500 | +€4,653 | +3.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,847 | €130,500 | +€4,653 | +3.7% |
| Amounts payable | 17/49 | €36,983 | €34,685 | -€2,298 | -6.2% |
| Amounts payable within one year | 42/48 | €36,983 | €34,685 | -€2,298 | -6.2% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €2,774 | €18,136 | +€15,363 | +553.9% |
| Suppliers | 440/4 | €2,774 | €18,136 | +€15,363 | +553.9% |
| Taxes, remuneration and social security | 45 | €24,210 | €16,549 | -€7,661 | -31.6% |
| Taxes | 450/3 | €9,944 | €4,336 | -€5,608 | -56.4% |
| Remuneration and social security | 454/9 | €14,266 | €12,212 | -€2,053 | -14.4% |
| Turnover | 70 | €444,902 | €451,851 | +€6,948 | +1.6% |
| Non-recurring operating income | 76A | €9,200 | €10,667 | +€1,467 | +15.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €401,779 | €419,928 | +€18,149 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,299 | €1,512 | +€213 | +16.4% |
| Other operating charges | 640/8 | €414 | €384 | -€30 | -7.2% |
| Gross operating margin | 9900 | €52,323 | €42,589 | -€9,734 | -18.6% |
| Operating profit (loss) | 9901 | €50,610 | €40,692 | -€9,917 | -19.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €424 | €32,630 | +€32,206 | +7593.4% |
| Recurring financial charges | 65 | €424 | €32,630 | +€32,206 | +7593.4% |
| Profit (loss) for the period before taxes | 9903 | €50,186 | €8,062 | -€42,123 | -83.9% |
| Income taxes | 67/77 | €10,910 | €3,409 | -€7,501 | -68.8% |
| Profit (loss) for the period | 9904 | €39,276 | €4,653 | -€34,623 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,276 | €4,653 | -€34,623 | -88.2% |
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 11 October 2026 via checked.be.