TEVHID: 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.
TEVHID
Largest movements
- Tangible fixed assets -€859,183
down €859,183 (-94.8%), from €906,003 to €46,821
of which Land and buildings: -€666,740
- Receivables within one year +€719,112
up €719,112 (+200.3%), from €358,953 to €1.1m
of which Trade receivables: +€441,047
- Stocks and contracts -€624,696
no longer reported in 2025 (was €624,696)
- Cash +€269,968
up €269,968 (+860.8%), from €31,361 to €301,330
mainly Investment in fixed assets (net) (+€854,274) and Stocks and contracts (+€624,696)
- Debts after one year -€344,030
down €344,030 (-61.4%), from €560,208 to €216,178
- Reserves -€131,045
down €131,045 (-98.6%), from €132,905 to €1,860
of which Tax-exempt reserves: -€131,045
- Trade debts +€77,957
up €77,957 (+18.7%), from €417,650 to €495,607
- Tax, wage and social debts +€73,013
up €73,013 (+98.7%), from €73,981 to €146,993
- Profit (loss) carried forward -€66,467
down €66,467 (-11.4%), from €583,263 to €516,796
- Gross operating margin -€536,390
down €536,390, from €517,852 to -€18,538
- Financial income +€125,469
up €125,469 (+71586.0%), from €175 to €125,644
of which Non-recurring financial income: +€125,088
- Staff costs -€123,321
down €123,321 (-33.1%), from €372,058 to €248,737
- Depreciation -€65,619
down €65,619 (-93.0%), from €70,528 to €4,908
- Taxes -€21,197
down €21,197 (-97.6%), from €21,712 to €515
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 | €1,941,285 | €1,445,193 | -€496,092 | -25.6% |
| Fixed assets | 21/28 | €923,517 | €64,335 | -€859,183 | -93.0% |
| Tangible fixed assets | 22/27 | €906,003 | €46,821 | -€859,183 | -94.8% |
| Land and buildings | 22 | €708,949 | €42,209 | -€666,740 | -94.0% |
| Plant, machinery and equipment | 23 | €22,348 | €3,068 | -€19,280 | -86.3% |
| Furniture and vehicles | 24 | €174,706 | €1,544 | -€173,162 | -99.1% |
| Financial fixed assets | 28 | €17,514 | €17,514 | = | 0.0% |
| Current assets | 29/58 | €1,017,767 | €1,380,858 | +€363,091 | +35.7% |
| Stocks and contracts in progress | 3 | €624,696 | - | -€624,696 | |
| Stocks | 30/36 | €624,696 | - | -€624,696 | |
| Amounts receivable within one year | 40/41 | €358,953 | €1,078,065 | +€719,112 | +200.3% |
| Trade receivables | 40 | €358,953 | €800,000 | +€441,047 | +122.9% |
| Other amounts receivable | 41 | - | €278,065 | +€278,065 | |
| Cash at bank and in hand | 54/58 | €31,361 | €301,330 | +€269,968 | +860.8% |
| Deferred charges and accrued income | 490/1 | €2,757 | €1,464 | -€1,293 | -46.9% |
| Total equity and liabilities | 10/49 | €1,941,285 | €1,445,193 | -€496,092 | -25.6% |
| Equity | 10/15 | €734,732 | €537,220 | -€197,512 | -26.9% |
| Contributions | 10/11 | €18,564 | €18,564 | = | 0.0% |
| Capital | 10 | €18,564 | €18,564 | = | 0.0% |
| Issued capital | 100 | €18,564 | €18,564 | = | 0.0% |
| Reserves | 13 | €132,905 | €1,860 | -€131,045 | -98.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,045 | - | -€131,045 | |
| Profit (loss) carried forward | 14 | €583,263 | €516,796 | -€66,467 | -11.4% |
| Provisions and deferred taxes | 16 | €33,584 | - | -€33,584 | |
| Deferred taxes | 168 | €33,584 | - | -€33,584 | |
| Amounts payable | 17/49 | €1,172,969 | €907,973 | -€264,995 | -22.6% |
| Amounts payable after more than one year | 17 | €560,208 | €216,178 | -€344,030 | -61.4% |
| Financial debts | 170/4 | €560,208 | €216,178 | -€344,030 | -61.4% |
| Amounts payable within one year | 42/48 | €612,760 | €691,795 | +€79,035 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €58,369 | €49,194 | -€9,174 | -15.7% |
| Trade debts | 44 | €417,650 | €495,607 | +€77,957 | +18.7% |
| Suppliers | 440/4 | €417,650 | €495,607 | +€77,957 | +18.7% |
| Taxes, remuneration and social security | 45 | €73,981 | €146,993 | +€73,013 | +98.7% |
| Taxes | 450/3 | €73,981 | €146,993 | +€73,013 | +98.7% |
| Other amounts payable | 47/48 | €62,761 | - | -€62,761 | |
| Remuneration, social security and pensions | 62 | €372,058 | €248,737 | -€123,321 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,528 | €4,908 | -€65,619 | -93.0% |
| Other operating charges | 640/8 | €23,221 | €18,064 | -€5,157 | -22.2% |
| Non-recurring operating charges | 66A | - | €19,452 | +€19,452 | |
| Gross operating margin | 9900 | €517,852 | -€18,538 | -€536,390 | |
| Operating profit (loss) | 9901 | €52,045 | -€309,699 | -€361,744 | |
| Financial income | 75/76B | €175 | €125,644 | +€125,469 | +71586.0% |
| Recurring financial income | 75 | €175 | €556 | +€381 | +217.3% |
| Non-recurring financial income | 76B | - | €125,088 | +€125,088 | |
| Financial charges | 65/66B | €33,902 | €46,526 | +€12,624 | +37.2% |
| Recurring financial charges | 65 | €33,902 | €46,526 | +€12,624 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €18,318 | -€230,581 | -€248,899 | |
| Transfer from deferred taxes | 780 | €2,063 | €33,584 | +€31,521 | +1527.9% |
| Income taxes | 67/77 | €21,712 | €515 | -€21,197 | -97.6% |
| Profit (loss) for the period | 9904 | -€1,331 | -€197,512 | -€196,181 | -14744.2% |
| Transfer from tax-exempt reserves | 789 | €8,050 | €131,045 | +€122,995 | +1527.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,719 | -€66,467 | -€73,187 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.