Teuwen Projects: 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.
Teuwen Projects
Largest movements
- Tangible fixed assets -€6,615
no longer reported in 2025 (was €6,615)
of which Furniture and vehicles: -€6,442
- Receivables within one year -€5,449
no longer reported in 2025 (was €5,449)
- Debts after one year -€11,563
no longer reported in 2025 (was €11,563)
- Profit (loss) carried forward +€6,628
up €6,628 (+5.2%), from -€127,503 to -€120,875
- Current portion of long-term debt -€3,865
no longer reported in 2025 (was €3,865)
- Trade debts -€2,846
no longer reported in 2025 (was €2,846)
- Other debts -€2,125
down €2,125 (-2.0%), from €106,726 to €104,601
- Depreciation -€6,682
no longer reported in 2025 (was €6,682)
- Gross operating margin +€1,936
up €1,936 (+31.5%), from €6,148 to €8,084
- Financial charges -€544
down €544 (-49.4%), from €1,101 to €557
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 | €12,437 | €407 | -€12,030 | -96.7% |
| Fixed assets | 21/28 | €6,615 | - | -€6,615 | |
| Tangible fixed assets | 22/27 | €6,615 | - | -€6,615 | |
| Plant, machinery and equipment | 23 | €174 | - | -€174 | |
| Furniture and vehicles | 24 | €6,442 | - | -€6,442 | |
| Current assets | 29/58 | €5,821 | €407 | -€5,414 | -93.0% |
| Amounts receivable within one year | 40/41 | €5,449 | - | -€5,449 | |
| Trade receivables | 40 | €5,449 | - | -€5,449 | |
| Cash at bank and in hand | 54/58 | €372 | €407 | +€35 | +9.4% |
| Total equity and liabilities | 10/49 | €12,437 | €407 | -€12,030 | -96.7% |
| Equity | 10/15 | -€113,243 | -€106,615 | +€6,628 | +5.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,503 | -€120,875 | +€6,628 | +5.2% |
| Amounts payable | 17/49 | €125,680 | €107,022 | -€18,658 | -14.8% |
| Amounts payable after more than one year | 17 | €11,563 | - | -€11,563 | |
| Financial debts | 170/4 | €11,563 | - | -€11,563 | |
| Amounts payable within one year | 42/48 | €114,117 | €107,022 | -€7,095 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €3,865 | - | -€3,865 | |
| Trade debts | 44 | €2,846 | - | -€2,846 | |
| Suppliers | 440/4 | €2,846 | - | -€2,846 | |
| Taxes, remuneration and social security | 45 | €681 | €2,421 | +€1,740 | +255.7% |
| Taxes | 450/3 | €681 | €2,421 | +€1,740 | +255.7% |
| Other amounts payable | 47/48 | €106,726 | €104,601 | -€2,125 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,682 | - | -€6,682 | |
| Other operating charges | 640/8 | €800 | €760 | -€40 | -5.0% |
| Gross operating margin | 9900 | €6,148 | €8,084 | +€1,936 | +31.5% |
| Operating profit (loss) | 9901 | -€1,334 | €7,325 | +€8,659 | |
| Financial charges | 65/66B | €1,101 | €557 | -€544 | -49.4% |
| Recurring financial charges | 65 | €1,101 | €557 | -€544 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,435 | €6,767 | +€9,202 | |
| Income taxes | 67/77 | €146 | €139 | -€6 | -4.4% |
| Profit (loss) for the period | 9904 | -€2,581 | €6,628 | +€9,209 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,581 | €6,628 | +€9,209 |
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 12 October 2026 via checked.be.