Teugels Technology: 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.
Teugels Technology
Largest movements
- Cash +€33,113
up €33,113 (+331.4%), from €9,992 to €43,105
mainly Receivables within one year (+€29,085) and Net result for the year (+€13,130)
- Receivables within one year -€29,085
down €29,085 (-56.8%), from €51,228 to €22,143
- Tangible fixed assets +€4,150
up €4,150 (+202.4%), from €2,050 to €6,201
- Reserves +€13,130
up €13,130 (+38.7%), from €33,966 to €47,096
- Tax, wage and social debts -€12,220
down €12,220 (-71.6%), from €17,072 to €4,851
- Trade debts +€9,116
up €9,116 (+21068.4%), from €43 to €9,160
- Other debts -€2,679
down €2,679 (-20.6%), from €12,980 to €10,301
- Contributions +€1,000
new in 2025: €1,000
- Gross operating margin -€23,972
down €23,972 (-55.8%), from €42,947 to €18,974
- Taxes -€5,156
down €5,156 (-61.2%), from €8,422 to €3,266
- Depreciation +€1,192
up €1,192 (+289.8%), from €411 to €1,604
- Financial charges +€668
up €668 (+450.1%), from €148 to €816
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 | €64,061 | €72,407 | +€8,347 | +13.0% |
| Fixed assets | 21/28 | €2,050 | €6,201 | +€4,150 | +202.4% |
| Tangible fixed assets | 22/27 | €2,050 | €6,201 | +€4,150 | +202.4% |
| Furniture and vehicles | 24 | €2,050 | €6,201 | +€4,150 | +202.4% |
| Current assets | 29/58 | €62,010 | €66,206 | +€4,196 | +6.8% |
| Amounts receivable within one year | 40/41 | €51,228 | €22,143 | -€29,085 | -56.8% |
| Trade receivables | 40 | €51,228 | €22,143 | -€29,085 | -56.8% |
| Cash at bank and in hand | 54/58 | €9,992 | €43,105 | +€33,113 | +331.4% |
| Deferred charges and accrued income | 490/1 | €790 | €958 | +€168 | +21.3% |
| Total equity and liabilities | 10/49 | €64,061 | €72,407 | +€8,347 | +13.0% |
| Equity | 10/15 | €33,966 | €48,096 | +€14,130 | +41.6% |
| Contributions | 10/11 | - | €1,000 | +€1,000 | |
| Reserves | 13 | €33,966 | €47,096 | +€13,130 | +38.7% |
| Distributable reserves | 133 | €33,966 | €47,096 | +€13,130 | +38.7% |
| Amounts payable | 17/49 | €30,095 | €24,312 | -€5,783 | -19.2% |
| Amounts payable within one year | 42/48 | €30,095 | €24,312 | -€5,783 | -19.2% |
| Trade debts | 44 | €43 | €9,160 | +€9,116 | +21068.4% |
| Suppliers | 440/4 | €43 | €9,160 | +€9,116 | +21068.4% |
| Taxes, remuneration and social security | 45 | €17,072 | €4,851 | -€12,220 | -71.6% |
| Taxes | 450/3 | €17,072 | €4,851 | -€12,220 | -71.6% |
| Other amounts payable | 47/48 | €12,980 | €10,301 | -€2,679 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411 | €1,604 | +€1,192 | +289.8% |
| Other operating charges | 640/8 | - | €159 | +€159 | |
| Gross operating margin | 9900 | €42,947 | €18,974 | -€23,972 | -55.8% |
| Operating profit (loss) | 9901 | €42,535 | €17,211 | -€25,324 | -59.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €148 | €816 | +€668 | +450.1% |
| Recurring financial charges | 65 | €148 | €816 | +€668 | +450.1% |
| Profit (loss) for the period before taxes | 9903 | €42,387 | €16,395 | -€25,992 | -61.3% |
| Income taxes | 67/77 | €8,422 | €3,266 | -€5,156 | -61.2% |
| Profit (loss) for the period | 9904 | €33,966 | €13,130 | -€20,836 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,966 | €13,130 | -€20,836 | -61.3% |
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.