TEYDE: 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.
TEYDE
Largest movements
- Cash -€356,085
down €356,085 (-86.5%), from €411,580 to €55,495
mainly Current investments (-€223,592) and Investment in fixed assets (net) (-€181,425)
- Current investments +€223,592
up €223,592 (+37.8%), from €591,123 to €814,715
- Tangible fixed assets +€165,018
up €165,018 (+18.1%), from €910,910 to €1.1m
of which Other tangible fixed assets: +€153,113
- Reserves +€19,697
up €19,697 (+1.5%), from €1.3m to €1.3m
of which Distributable reserves: +€28,751
- Gross operating margin -€711,022
down €711,022 (-93.7%), from €759,074 to €48,052
- Depreciation -€29,235
down €29,235 (-64.1%), from €45,642 to €16,407
- Taxes +€10,015
up €10,015 (+276.0%), from €3,629 to €13,644
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 | €1,950,561 | €1,964,278 | +€13,717 | +0.7% |
| Fixed assets | 21/28 | €910,910 | €1,075,928 | +€165,018 | +18.1% |
| Tangible fixed assets | 22/27 | €910,910 | €1,075,928 | +€165,018 | +18.1% |
| Land and buildings | 22 | €802,750 | €812,455 | +€9,705 | +1.2% |
| Furniture and vehicles | 24 | - | €2,200 | +€2,200 | |
| Other tangible fixed assets | 26 | €108,160 | €261,273 | +€153,113 | +141.6% |
| Current assets | 29/58 | €1,039,651 | €888,350 | -€151,301 | -14.6% |
| Amounts receivable within one year | 40/41 | €26,500 | €15,300 | -€11,200 | -42.3% |
| Other amounts receivable | 41 | €26,500 | €15,300 | -€11,200 | -42.3% |
| Current investments | 50/53 | €591,123 | €814,715 | +€223,592 | +37.8% |
| Cash at bank and in hand | 54/58 | €411,580 | €55,495 | -€356,085 | -86.5% |
| Deferred charges and accrued income | 490/1 | €10,448 | €2,840 | -€7,608 | -72.8% |
| Total equity and liabilities | 10/49 | €1,950,561 | €1,964,278 | +€13,717 | +0.7% |
| Equity | 10/15 | €1,626,467 | €1,646,164 | +€19,697 | +1.2% |
| Contributions | 10/11 | €331,188 | €331,188 | = | 0.0% |
| Capital | 10 | €331,188 | €331,188 | = | 0.0% |
| Issued capital | 100 | €331,188 | €331,188 | = | 0.0% |
| Reserves | 13 | €1,295,279 | €1,314,975 | +€19,697 | +1.5% |
| Non-distributable reserves | 130/1 | €33,119 | €33,119 | = | 0.0% |
| Legal reserve | 130 | €33,119 | €33,119 | = | 0.0% |
| Tax-exempt reserves | 132 | €788,759 | €779,705 | -€9,054 | -1.1% |
| Distributable reserves | 133 | €473,401 | €502,151 | +€28,751 | +6.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €262,920 | €259,902 | -€3,018 | -1.1% |
| Deferred taxes | 168 | €262,920 | €259,902 | -€3,018 | -1.1% |
| Amounts payable | 17/49 | €61,174 | €58,213 | -€2,961 | -4.8% |
| Amounts payable within one year | 42/48 | €61,174 | €58,213 | -€2,961 | -4.8% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €61,174 | €58,213 | -€2,961 | -4.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €738,089 | €0 | -€738,089 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,642 | €16,407 | -€29,235 | -64.1% |
| Other operating charges | 640/8 | €16,286 | €15,260 | -€1,026 | -6.3% |
| Gross operating margin | 9900 | €759,074 | €48,052 | -€711,022 | -93.7% |
| Operating profit (loss) | 9901 | €697,146 | €16,385 | -€680,761 | -97.6% |
| Financial income | 75/76B | €18,410 | €14,068 | -€4,342 | -23.6% |
| Recurring financial income | 75 | €18,410 | €14,068 | -€4,342 | -23.6% |
| Financial charges | 65/66B | €3,698 | €131 | -€3,567 | -96.5% |
| Recurring financial charges | 65 | €3,698 | €131 | -€3,567 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €711,858 | €30,322 | -€681,535 | -95.7% |
| Transfer from deferred taxes | 780 | €2,539 | €3,018 | +€479 | +18.8% |
| Transfer to deferred taxes | 680 | €177,641 | €0 | -€177,641 | -100.0% |
| Income taxes | 67/77 | €3,629 | €13,644 | +€10,015 | +276.0% |
| Profit (loss) for the period | 9904 | €533,127 | €19,697 | -€513,431 | -96.3% |
| Transfer from tax-exempt reserves | 789 | €7,618 | €9,054 | +€1,436 | +18.8% |
| Transfer to tax-exempt reserves | 689 | €532,923 | €0 | -€532,923 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,823 | €28,751 | +€20,928 | +267.5% |
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 5 October 2026 via checked.be.