TEYC BELGIUM: what changed
TEYC BELGIUM
Largest movements
- Cash +€629,204
up €629,204 (+649%), from €96,902 to €726,106
- Tangible fixed assets +€119,455
up €119,455 (+54.7%), from €218,306 to €337,761
- Receivables within one year -€65,009
down €65,009 (-58.8%), from €110,482 to €45,473
of which Trade receivables: -€65,009
- Deferred charges and accrued income -€20,489
down €20,489 (-3.4%), from €596,644 to €576,156
- Other debts +€3.7m
up €3.7m (+1,967%), from €189,245 to €3.9m
- Profit (loss) carried forward -€2.5m
down €2.5m (-99.0%), from -€2.5m to -€5.0m
- Provisions -€393,120
down €393,120 (-39.2%), from €1.0m to €610,644
- Accrued charges and deferred income -€113,312
down €113,312 (-21.6%), from €525,131 to €411,818
- Trade debts -€50,573
down €50,573 (-6.3%), from €807,727 to €757,154
- Gross operating margin -€445,216
down €445,216 (-139%), from -€321,012 to -€766,228
- Turnover -€287,770
down €287,770 (-12.8%), from €2.3m to €2.0m
- Write-downs -€113,188
down €113,188 (-56.0%), from €202,172 to €88,984
- Financial charges +€94,430
up €94,430 (+1,463%), from €6,456 to €100,885
- Purchases and services +€85,553
up €85,553 (+3.2%), from €2.6m to €2.7m
Change in the result, 2021 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,026,534 | €1,689,696 | +€663,162 | +64.6% |
| Fixed assets | 21/28 | €222,506 | €341,961 | +€119,455 | +53.7% |
| Tangible fixed assets | 22/27 | €218,306 | €337,761 | +€119,455 | +54.7% |
| Leasing and similar rights | 25 | €218,306 | €337,761 | +€119,455 | +54.7% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €804,028 | €1,347,734 | +€543,706 | +67.6% |
| Amounts receivable within one year | 40/41 | €110,482 | €45,473 | -€65,009 | -58.8% |
| Trade receivables | 40 | €110,482 | €45,473 | -€65,009 | -58.8% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €96,902 | €726,106 | +€629,204 | +649% |
| Deferred charges and accrued income | 490/1 | €596,644 | €576,156 | -€20,489 | -3.4% |
| Total equity and liabilities | 10/49 | €1,026,534 | €1,689,696 | +€663,162 | +64.6% |
| Equity | 10/15 | -€1,663,412 | -€4,150,489 | -€2.5m | -150% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,513,412 | -€5,000,489 | -€2.5m | -99.0% |
| Provisions and deferred taxes | 16 | €1,003,764 | €610,644 | -€393,120 | -39.2% |
| Provisions for liabilities and charges | 160/5 | €1,003,764 | €610,644 | -€393,120 | -39.2% |
| Major repairs and maintenance | 162 | €479,530 | - | -€479,530 | |
| Environmental obligations | 163 | €524,235 | €610,644 | +€86,410 | +16.5% |
| Amounts payable | 17/49 | €1,686,182 | €5,229,541 | +€3.5m | +210% |
| Amounts payable after more than one year | 17 | €164,079 | €149,036 | -€15,043 | -9.2% |
| Other amounts payable | 178/9 | €164,079 | €149,036 | -€15,043 | -9.2% |
| Amounts payable within one year | 42/48 | €996,973 | €4,668,687 | +€3.7m | +368% |
| Trade debts | 44 | €807,727 | €757,154 | -€50,573 | -6.3% |
| Suppliers | 440/4 | €807,727 | €757,154 | -€50,573 | -6.3% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €189,245 | €3,911,533 | +€3.7m | +1,967% |
| Accrued charges and deferred income | 492/3 | €525,131 | €411,818 | -€113,312 | -21.6% |
| Turnover | 70 | €2,256,204 | €1,968,433 | -€287,770 | -12.8% |
| Non-recurring operating income | 76A | €67,343 | - | -€67,343 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,649,109 | €2,734,662 | +€85,553 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,760 | €25,970 | +€7,210 | +38.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €202,172 | €88,984 | -€113,188 | -56.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €77,644 | - | -€77,644 | |
| Other operating charges | 640/8 | €373,582 | €360,414 | -€13,169 | -3.5% |
| Gross operating margin | 9900 | -€321,012 | -€766,228 | -€445,216 | -139% |
| Operating profit (loss) | 9901 | -€993,170 | -€1,241,596 | -€248,425 | -25.0% |
| Financial income | 75/76B | €2,408 | €1,256 | -€1,152 | -47.9% |
| Recurring financial income | 75 | €2,408 | €1,256 | -€1,152 | -47.9% |
| Financial charges | 65/66B | €6,456 | €100,885 | +€94,430 | +1,463% |
| Recurring financial charges | 65 | €6,456 | €100,885 | +€94,430 | +1,463% |
| Profit (loss) for the period before taxes | 9903 | -€997,218 | -€1,341,225 | -€344,008 | -34.5% |
| Income taxes | 67/77 | - | €246 | +€246 | |
| Profit (loss) for the period | 9904 | -€997,218 | -€1,341,471 | -€344,254 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€997,218 | -€1,341,471 | -€344,254 | -34.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.