Teumonjar: 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.
What changed
Teumonjar
NACE 55.203, Holiday cottages, homes and apartments
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€55,426
2024 · €14,464-€69,890
Equity
€1.6m
2024 · €1.7m-€55,426
Cash
€158,465
2024 · €150,760+€7,705
Balance sheet total
€3.0m
2024 · €3.2m-€138,402
Largest movements
Assets
- Tangible fixed assets -€69,686
down €69,686 (-2.4%), from €2.9m to €2.9m
of which Land and buildings: -€62,705
- Receivables within one year -€59,401
down €59,401 (-98.8%), from €60,104 to €703
of which Trade receivables: -€58,790
Equity and liabilities
- Other debts +€236,737
up €236,737 (+69.4%), from €340,916 to €577,653
- Debts after one year -€199,509
down €199,509 (-25.9%), from €771,124 to €571,614
- Trade debts -€129,717
down €129,717 (-86.2%), from €150,426 to €20,709
- Profit (loss) carried forward -€51,286
down €51,286 (-28.5%), from -€179,796 to -€231,083
Income statement
- Gross operating margin -€62,817
down €62,817 (-45.4%), from €138,379 to €75,561
- Financial charges +€6,290
up €6,290 (+54.9%), from €11,452 to €17,742
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
€14,464
Gross operating margin
-€62,817
Depreciation
-€1,120
Other operating charges
+€486
Financial income
+€39
Financial charges
-€6,290
Taxes
-€187
Result 2025
-€55,426
raises the resultlowers the result
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.
From operations
+€220,429
Investment
-€22,158
Financing
-€190,566
Cash 2024
€150,760
From operations (derived)
+€220,429
Net result for the year
-€55,426
Depreciation
+€91,844
Receivables within one year
+€59,401
Deferred charges and accrued income
+€17,020
Provisions
-€2,131
Trade debts
-€129,717
Tax, wage and social debts
+€3,702
Other debts
+€236,737
Accrued charges and deferred income
-€1,000
Investment (derived)
-€22,158
Investment in fixed assets (net)
-€22,158
Financing
-€190,566
Debts after one year
-€199,509
Current portion of long-term debt
+€8,943
Cash 2025
€158,465
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,155,237 | €3,016,835 | -€138,402 | -4.4% |
| Fixed assets | 21/28 | €2,927,353 | €2,857,668 | -€69,686 | -2.4% |
| Tangible fixed assets | 22/27 | €2,926,809 | €2,857,124 | -€69,686 | -2.4% |
| Land and buildings | 22 | €2,847,406 | €2,784,702 | -€62,705 | -2.2% |
| Plant, machinery and equipment | 23 | €7,001 | €5,807 | -€1,193 | -17.0% |
| Furniture and vehicles | 24 | €72,402 | €66,614 | -€5,788 | -8.0% |
| Financial fixed assets | 28 | €544 | €544 | = | 0.0% |
| Current assets | 29/58 | €227,884 | €159,168 | -€68,716 | -30.2% |
| Amounts receivable within one year | 40/41 | €60,104 | €703 | -€59,401 | -98.8% |
| Trade receivables | 40 | €58,790 | - | -€58,790 | |
| Other amounts receivable | 41 | €1,314 | €703 | -€611 | -46.5% |
| Cash at bank and in hand | 54/58 | €150,760 | €158,465 | +€7,705 | +5.1% |
| Deferred charges and accrued income | 490/1 | €17,020 | - | -€17,020 | |
| Total equity and liabilities | 10/49 | €3,155,237 | €3,016,835 | -€138,402 | -4.4% |
| Equity | 10/15 | €1,659,344 | €1,603,918 | -€55,426 | -3.3% |
| Contributions | 10/11 | €1,289,046 | €1,289,046 | = | 0.0% |
| Reserves | 13 | €550,095 | €545,955 | -€4,140 | -0.8% |
| Non-distributable reserves | 130/1 | €9,130 | €9,130 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,130 | €9,130 | = | 0.0% |
| Tax-exempt reserves | 132 | €540,965 | €536,825 | -€4,140 | -0.8% |
| Profit (loss) carried forward | 14 | -€179,796 | -€231,083 | -€51,286 | -28.5% |
| Provisions and deferred taxes | 16 | €190,859 | €188,728 | -€2,131 | -1.1% |
| Deferred taxes | 168 | €190,859 | €188,728 | -€2,131 | -1.1% |
| Amounts payable | 17/49 | €1,305,034 | €1,224,189 | -€80,844 | -6.2% |
| Amounts payable after more than one year | 17 | €771,124 | €571,614 | -€199,509 | -25.9% |
| Financial debts | 170/4 | €771,124 | €571,614 | -€199,509 | -25.9% |
| Amounts payable within one year | 42/48 | €532,910 | €652,575 | +€119,665 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €34,924 | €43,867 | +€8,943 | +25.6% |
| Trade debts | 44 | €150,426 | €20,709 | -€129,717 | -86.2% |
| Suppliers | 440/4 | €150,426 | €20,709 | -€129,717 | -86.2% |
| Taxes, remuneration and social security | 45 | €6,644 | €10,346 | +€3,702 | +55.7% |
| Taxes | 450/3 | €6,644 | €10,346 | +€3,702 | +55.7% |
| Other amounts payable | 47/48 | €340,916 | €577,653 | +€236,737 | +69.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,724 | €91,844 | +€1,120 | +1.2% |
| Other operating charges | 640/8 | €23,870 | €23,385 | -€486 | -2.0% |
| Gross operating margin | 9900 | €138,379 | €75,561 | -€62,817 | -45.4% |
| Operating profit (loss) | 9901 | €23,785 | -€39,667 | -€63,452 | |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €11,452 | €17,742 | +€6,290 | +54.9% |
| Recurring financial charges | 65 | €11,452 | €17,742 | +€6,290 | +54.9% |
| Profit (loss) for the period before taxes | 9903 | €12,332 | -€57,371 | -€69,703 | |
| Transfer from deferred taxes | 780 | €2,131 | €2,131 | = | 0.0% |
| Income taxes | 67/77 | - | €187 | +€187 | |
| Profit (loss) for the period | 9904 | €14,464 | -€55,426 | -€69,890 | |
| Transfer from tax-exempt reserves | 789 | €4,140 | €4,140 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,604 | -€51,286 | -€69,890 |
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 19 October 2026 via checked.be.