TEUNEN: 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.
TEUNEN
Largest movements
- Stocks and contracts +€40,190
new in 2025: €40,190
- Tangible fixed assets +€26,977
up €26,977 (+24.3%), from €111,210 to €138,187
of which Furniture and vehicles: +€37,174
- Cash -€26,099
down €26,099 (-24.5%), from €106,708 to €80,609
mainly Investment in fixed assets (net) (-€41,724) and Stocks and contracts (-€40,190)
- Receivables within one year +€6,209
up €6,209 (+6.6%), from €94,199 to €100,407
of which Other amounts receivable: +€19,310
- Current portion of long-term debt +€50,553
up €50,553 (+482.9%), from €10,469 to €61,022
- Tax, wage and social debts -€36,348
down €36,348 (-90.2%), from €40,309 to €3,962
- Debts after one year +€22,741
up €22,741 (+44.1%), from €51,582 to €74,323
- Reserves +€16,000
up €16,000 (+9.9%), from €160,805 to €176,805
of which Distributable reserves: +€17,855
- Short-term financial debts -€6,348
down €6,348 (-67.3%), from €9,433 to €3,085
- Gross operating margin -€23,390
down €23,390 (-31.9%), from €73,321 to €49,931
- Financial charges -€7,721
down €7,721 (-44.3%), from €17,429 to €9,708
- Taxes -€6,253
down €6,253 (-51.6%), from €12,115 to €5,863
- Depreciation +€2,410
up €2,410 (+18.3%), from €13,174 to €15,585
- Financial income -€1,381
down €1,381 (-65.7%), from €2,101 to €721
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 | €360,305 | €407,878 | +€47,573 | +13.2% |
| Fixed assets | 21/28 | €112,137 | €138,277 | +€26,139 | +23.3% |
| Tangible fixed assets | 22/27 | €111,210 | €138,187 | +€26,977 | +24.3% |
| Land and buildings | 22 | €95,250 | €87,900 | -€7,350 | -7.7% |
| Plant, machinery and equipment | 23 | €7,301 | €4,453 | -€2,847 | -39.0% |
| Furniture and vehicles | 24 | €8,660 | €45,834 | +€37,174 | +429.3% |
| Financial fixed assets | 28 | €927 | €90 | -€837 | -90.3% |
| Current assets | 29/58 | €248,168 | €269,602 | +€21,434 | +8.6% |
| Amounts receivable after more than one year | 29 | €46,235 | €46,235 | = | 0.0% |
| Other amounts receivable | 291 | €46,235 | €46,235 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €40,190 | +€40,190 | |
| Stocks | 30/36 | - | €40,190 | +€40,190 | |
| Amounts receivable within one year | 40/41 | €94,199 | €100,407 | +€6,209 | +6.6% |
| Trade receivables | 40 | €83,427 | €70,326 | -€13,101 | -15.7% |
| Other amounts receivable | 41 | €10,772 | €30,082 | +€19,310 | +179.3% |
| Cash at bank and in hand | 54/58 | €106,708 | €80,609 | -€26,099 | -24.5% |
| Deferred charges and accrued income | 490/1 | €1,027 | €2,161 | +€1,134 | +110.4% |
| Total equity and liabilities | 10/49 | €360,305 | €407,878 | +€47,573 | +13.2% |
| Equity | 10/15 | €178,977 | €192,386 | +€13,409 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €160,805 | €176,805 | +€16,000 | +9.9% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €158,950 | €176,805 | +€17,855 | +11.2% |
| Profit (loss) carried forward | 14 | €11,972 | €9,381 | -€2,591 | -21.6% |
| Amounts payable | 17/49 | €181,329 | €215,493 | +€34,164 | +18.8% |
| Amounts payable after more than one year | 17 | €51,582 | €74,323 | +€22,741 | +44.1% |
| Financial debts | 170/4 | €51,582 | €74,323 | +€22,741 | +44.1% |
| Amounts payable within one year | 42/48 | €129,747 | €141,170 | +€11,423 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €10,469 | €61,022 | +€50,553 | +482.9% |
| Financial debts | 43 | €9,433 | €3,085 | -€6,348 | -67.3% |
| Credit institutions | 430/8 | €9,433 | €3,085 | -€6,348 | -67.3% |
| Trade debts | 44 | €66,786 | €66,890 | +€105 | +0.2% |
| Suppliers | 440/4 | €66,786 | €66,890 | +€105 | +0.2% |
| Advances received on contracts in progress | 46 | - | €3,429 | +€3,429 | |
| Taxes, remuneration and social security | 45 | €40,309 | €3,962 | -€36,348 | -90.2% |
| Taxes | 450/3 | €40,309 | €3,962 | -€36,348 | -90.2% |
| Other amounts payable | 47/48 | €2,750 | €2,782 | +€32 | +1.2% |
| Remuneration, social security and pensions | 62 | - | €61 | +€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,174 | €15,585 | +€2,410 | +18.3% |
| Other operating charges | 640/8 | €2,834 | €3,276 | +€443 | +15.6% |
| Gross operating margin | 9900 | €73,321 | €49,931 | -€23,390 | -31.9% |
| Operating profit (loss) | 9901 | €57,313 | €31,008 | -€26,304 | -45.9% |
| Financial income | 75/76B | €2,101 | €721 | -€1,381 | -65.7% |
| Recurring financial income | 75 | €2,101 | €721 | -€1,381 | -65.7% |
| Financial charges | 65/66B | €17,429 | €9,708 | -€7,721 | -44.3% |
| Recurring financial charges | 65 | €17,429 | €9,708 | -€7,721 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €41,985 | €22,021 | -€19,964 | -47.5% |
| Income taxes | 67/77 | €12,115 | €5,863 | -€6,253 | -51.6% |
| Profit (loss) for the period | 9904 | €29,870 | €16,159 | -€13,711 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,870 | €16,159 | -€13,711 | -45.9% |
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.