TEPOLOGY: 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.
TEPOLOGY
Largest movements
- Cash -€109,450
down €109,450 (-65.7%), from €166,546 to €57,095
mainly Net result for the year (-€83,931) and Receivables within one year (-€38,168)
- Receivables within one year +€38,168
up €38,168 (+61.2%), from €62,356 to €100,524
of which Other amounts receivable: +€43,008
- Intangible fixed assets +€4,145
new in 2025: €4,145
- Profit (loss) carried forward -€83,931
down €83,931, from €1,917 to -€82,013
- Trade debts +€45,342
up €45,342 (+2,408%), from €1,883 to €47,224
- Other debts -€16,520
no longer reported in 2025 (was €16,520)
- Tax, wage and social debts -€14,080
down €14,080 (-71.6%), from €19,656 to €5,576
of which Taxes: -€13,855
- Gross operating margin -€160,638
down €160,638, from €79,259 to -€81,379
- Taxes -€20,549
no longer reported in 2025 (was €20,549)
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.
Derived cash bridge
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 | €231,208 | €162,018 | -€69,189 | -29.9% |
| Fixed assets | 21/28 | €1,506 | €4,398 | +€2,893 | +192% |
| Intangible fixed assets | 21 | - | €4,145 | +€4,145 | |
| Tangible fixed assets | 22/27 | €1,463 | €210 | -€1,253 | -85.7% |
| Furniture and vehicles | 24 | €1,463 | €210 | -€1,253 | -85.7% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €229,702 | €157,620 | -€72,082 | -31.4% |
| Amounts receivable within one year | 40/41 | €62,356 | €100,524 | +€38,168 | +61.2% |
| Trade receivables | 40 | €62,345 | €57,506 | -€4,840 | -7.8% |
| Other amounts receivable | 41 | €11 | €43,019 | +€43,008 | +397,486% |
| Cash at bank and in hand | 54/58 | €166,546 | €57,095 | -€109,450 | -65.7% |
| Deferred charges and accrued income | 490/1 | €800 | - | -€800 | |
| Total equity and liabilities | 10/49 | €231,208 | €162,018 | -€69,189 | -29.9% |
| Equity | 10/15 | €193,148 | €109,218 | -€83,931 | -43.5% |
| Contributions | 10/11 | €20,504 | €20,504 | = | 0.0% |
| Capital | 10 | €43 | €43 | = | 0.0% |
| Issued capital | 100 | €43 | €43 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €170,727 | €170,727 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55,000 | €55,000 | = | 0.0% |
| Legal reserve | 130 | €53,140 | €53,140 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €115,727 | €115,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,917 | -€82,013 | -€83,931 | |
| Amounts payable | 17/49 | €38,059 | €52,800 | +€14,741 | +38.7% |
| Amounts payable within one year | 42/48 | €38,059 | €52,800 | +€14,741 | +38.7% |
| Trade debts | 44 | €1,883 | €47,224 | +€45,342 | +2,408% |
| Suppliers | 440/4 | €1,883 | €47,224 | +€45,342 | +2,408% |
| Taxes, remuneration and social security | 45 | €19,656 | €5,576 | -€14,080 | -71.6% |
| Taxes | 450/3 | €18,543 | €4,688 | -€13,855 | -74.7% |
| Remuneration and social security | 454/9 | €1,113 | €888 | -€225 | -20.2% |
| Other amounts payable | 47/48 | €16,520 | - | -€16,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,253 | €1,935 | +€683 | +54.5% |
| Other operating charges | 640/8 | €384 | €459 | +€74 | +19.4% |
| Gross operating margin | 9900 | €79,259 | -€81,379 | -€160,638 | |
| Operating profit (loss) | 9901 | €77,622 | -€83,774 | -€161,395 | |
| Financial charges | 65/66B | €160 | €157 | -€3 | -1.9% |
| Recurring financial charges | 65 | €160 | €157 | -€3 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €77,462 | -€83,931 | -€161,392 | |
| Income taxes | 67/77 | €20,549 | - | -€20,549 | |
| Profit (loss) for the period | 9904 | €56,913 | -€83,931 | -€140,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,913 | -€83,931 | -€140,843 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.