TEVIOS: 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.
TEVIOS
Largest movements
- Receivables within one year +€33,100
up €33,100 (+20.1%), from €164,316 to €197,416
of which Trade receivables: +€34,456
- Cash +€14,160
up €14,160 (+23.0%), from €61,537 to €75,697
mainly Short-term financial debts (+€50,000) and Trade debts (+€31,850)
- Short-term financial debts +€50,000
new in 2025: €50,000
- Trade debts +€31,850
up €31,850 (+28.9%), from €110,121 to €141,971
- Reserves -€30,854
down €30,854 (-33.5%), from €92,199 to €61,345
of which Distributable reserves: -€30,854
- Other debts -€12,121
down €12,121 (-99.0%), from €12,243 to €122
- Tax, wage and social debts +€5,141
up €5,141 (+34.0%), from €15,132 to €20,273
- Gross operating margin -€36,700
down €36,700 (-40.4%), from €90,792 to €54,092
- Staff costs +€17,524
up €17,524 (+27.5%), from €63,750 to €81,274
- Taxes -€6,353
no longer reported in 2025 (was €6,353)
- Financial income +€1,807
up €1,807 (+142.1%), from €1,271 to €3,078
- Financial charges -€991
down €991 (-24.1%), from €4,121 to €3,130
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 | €248,295 | €292,311 | +€44,016 | +17.7% |
| Fixed assets | 21/28 | €10,604 | €8,748 | -€1,856 | -17.5% |
| Tangible fixed assets | 22/27 | €10,604 | €8,748 | -€1,856 | -17.5% |
| Plant, machinery and equipment | 23 | €7,906 | €6,903 | -€1,003 | -12.7% |
| Furniture and vehicles | 24 | €2,698 | €1,845 | -€853 | -31.6% |
| Current assets | 29/58 | €237,691 | €283,563 | +€45,872 | +19.3% |
| Stocks and contracts in progress | 3 | €10,732 | €8,988 | -€1,743 | -16.2% |
| Stocks | 30/36 | €10,732 | €8,988 | -€1,743 | -16.2% |
| Amounts receivable within one year | 40/41 | €164,316 | €197,416 | +€33,100 | +20.1% |
| Trade receivables | 40 | €149,313 | €183,769 | +€34,456 | +23.1% |
| Other amounts receivable | 41 | €15,003 | €13,647 | -€1,356 | -9.0% |
| Cash at bank and in hand | 54/58 | €61,537 | €75,697 | +€14,160 | +23.0% |
| Deferred charges and accrued income | 490/1 | €1,107 | €1,462 | +€355 | +32.1% |
| Total equity and liabilities | 10/49 | €248,295 | €292,311 | +€44,016 | +17.7% |
| Equity | 10/15 | €110,799 | €79,945 | -€30,854 | -27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,199 | €61,345 | -€30,854 | -33.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,339 | €59,485 | -€30,854 | -34.2% |
| Amounts payable | 17/49 | €137,496 | €212,366 | +€74,870 | +54.5% |
| Amounts payable within one year | 42/48 | €137,496 | €212,366 | +€74,870 | +54.5% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €110,121 | €141,971 | +€31,850 | +28.9% |
| Suppliers | 440/4 | €110,121 | €141,971 | +€31,850 | +28.9% |
| Taxes, remuneration and social security | 45 | €15,132 | €20,273 | +€5,141 | +34.0% |
| Taxes | 450/3 | €15,132 | €20,273 | +€5,141 | +34.0% |
| Other amounts payable | 47/48 | €12,243 | €122 | -€12,121 | -99.0% |
| Remuneration, social security and pensions | 62 | €63,750 | €81,274 | +€17,524 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,741 | €3,221 | +€479 | +17.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €90,792 | €54,092 | -€36,700 | -40.4% |
| Operating profit (loss) | 9901 | €23,913 | -€30,802 | -€54,715 | |
| Financial income | 75/76B | €1,271 | €3,078 | +€1,807 | +142.1% |
| Recurring financial income | 75 | €1,271 | €3,078 | +€1,807 | +142.1% |
| Financial charges | 65/66B | €4,121 | €3,130 | -€991 | -24.1% |
| Recurring financial charges | 65 | €4,121 | €3,130 | -€991 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €21,063 | -€30,854 | -€51,917 | |
| Income taxes | 67/77 | €6,353 | - | -€6,353 | |
| Profit (loss) for the period | 9904 | €14,710 | -€30,854 | -€45,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,710 | -€30,854 | -€45,564 |
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 29 September 2026 via checked.be.