TEVAMA: what changed
Two fiscal 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.
TEVAMA
Largest movements
- Stocks and contracts -€6,914
down €6,914 (-13.8%), from €49,991 to €43,077
- Deferred charges and accrued income +€4,685
up €4,685 (+195.7%), from €2,394 to €7,079
- Tangible fixed assets -€3,173
down €3,173 (-17.5%), from €18,087 to €14,915
of which Other tangible fixed assets: -€1,638
- Reserves -€3,839
down €3,839 (-6.5%), from €58,735 to €54,897
of which Distributable reserves: -€3,839
- Other debts -€3,601
down €3,601 (-44.8%), from €8,038 to €4,436
- Financial income +€2,233
up €2,233 (+97.0%), from €2,302 to €4,535
- Gross operating margin -€1,453
down €1,453 (-66.2%), from -€2,195 to -€3,648
- Depreciation +€1,016
up €1,016 (+47.1%), from €2,157 to €3,173
- Financial charges -€308
down €308 (-37.5%), from €821 to €513
- Staff costs -€187
no longer reported in 2025 (was €187)
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 | €191,268 | €185,222 | -€6,046 | -3.2% |
| Fixed assets | 21/28 | €18,087 | €14,915 | -€3,173 | -17.5% |
| Tangible fixed assets | 22/27 | €18,087 | €14,915 | -€3,173 | -17.5% |
| Plant, machinery and equipment | 23 | €1,206 | €366 | -€840 | -69.7% |
| Furniture and vehicles | 24 | €2,844 | €2,149 | -€694 | -24.4% |
| Other tangible fixed assets | 26 | €14,038 | €12,400 | -€1,638 | -11.7% |
| Current assets | 29/58 | €173,180 | €170,307 | -€2,874 | -1.7% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €49,991 | €43,077 | -€6,914 | -13.8% |
| Stocks | 30/36 | €49,991 | €43,077 | -€6,914 | -13.8% |
| Amounts receivable within one year | 40/41 | €11,682 | €10,872 | -€810 | -6.9% |
| Trade receivables | 40 | €11,039 | €10,872 | -€167 | -1.5% |
| Other amounts receivable | 41 | €643 | - | -€643 | |
| Cash at bank and in hand | 54/58 | €34,113 | €34,279 | +€166 | +0.5% |
| Deferred charges and accrued income | 490/1 | €2,394 | €7,079 | +€4,685 | +195.7% |
| Total equity and liabilities | 10/49 | €191,268 | €185,222 | -€6,046 | -3.2% |
| Equity | 10/15 | €177,335 | €173,497 | -€3,839 | -2.2% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €58,735 | €54,897 | -€3,839 | -6.5% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €54,735 | €50,897 | -€3,839 | -7.0% |
| Amounts payable | 17/49 | €13,932 | €11,725 | -€2,207 | -15.8% |
| Amounts payable within one year | 42/48 | €11,446 | €9,199 | -€2,247 | -19.6% |
| Trade debts | 44 | €3,408 | €3,268 | -€140 | -4.1% |
| Suppliers | 440/4 | €3,408 | €3,268 | -€140 | -4.1% |
| Taxes, remuneration and social security | 45 | - | €1,495 | +€1,495 | |
| Taxes | 450/3 | - | €1,495 | +€1,495 | |
| Other amounts payable | 47/48 | €8,038 | €4,436 | -€3,601 | -44.8% |
| Accrued charges and deferred income | 492/3 | €2,487 | €2,526 | +€39 | +1.6% |
| Remuneration, social security and pensions | 62 | €187 | - | -€187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,157 | €3,173 | +€1,016 | +47.1% |
| Other operating charges | 640/8 | €895 | €1,041 | +€145 | +16.2% |
| Gross operating margin | 9900 | -€2,195 | -€3,648 | -€1,453 | -66.2% |
| Operating profit (loss) | 9901 | -€5,434 | -€7,861 | -€2,427 | -44.7% |
| Financial income | 75/76B | €2,302 | €4,535 | +€2,233 | +97.0% |
| Recurring financial income | 75 | €2,302 | €4,535 | +€2,233 | +97.0% |
| Financial charges | 65/66B | €821 | €513 | -€308 | -37.5% |
| Recurring financial charges | 65 | €821 | €513 | -€308 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,953 | -€3,839 | +€114 | +2.9% |
| Income taxes | 67/77 | -€71 | - | +€71 | |
| Profit (loss) for the period | 9904 | -€3,881 | -€3,839 | +€42 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,881 | -€3,839 | +€42 | +1.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.