TEYU: 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.
TEYU
Largest movements
- Tangible fixed assets -€88,743
down €88,743 (-12.8%), from €693,001 to €604,258
of which Land and buildings: -€78,174
- Debts after one year -€313,076
down €313,076 (-35.3%), from €886,386 to €573,310
- Other debts +€277,769
up €277,769 (+622.4%), from €44,626 to €322,395
- Trade debts -€63,898
down €63,898 (-91.0%), from €70,246 to €6,348
- Tax, wage and social debts +€13,220
up €13,220 (+744.6%), from €1,776 to €14,996
- Staff costs -€58,766
down €58,766 (-96.5%), from €60,913 to €2,147
- Financial charges +€15,427
up €15,427 (+53.5%), from €28,860 to €44,288
- Gross operating margin -€7,486
down €7,486 (-4.7%), from €157,677 to €150,191
- Depreciation -€6,057
down €6,057 (-6.2%), from €97,375 to €91,318
- Other operating charges +€3,627
up €3,627 (+36.0%), from €10,089 to €13,716
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,105,232 | €1,033,970 | -€71,262 | -6.4% |
| Fixed assets | 21/28 | €772,341 | €683,597 | -€88,743 | -11.5% |
| Tangible fixed assets | 22/27 | €693,001 | €604,258 | -€88,743 | -12.8% |
| Land and buildings | 22 | €668,726 | €590,552 | -€78,174 | -11.7% |
| Plant, machinery and equipment | 23 | €23,275 | €13,706 | -€9,569 | -41.1% |
| Furniture and vehicles | 24 | €1,000 | €0 | -€1,000 | -100.0% |
| Financial fixed assets | 28 | €79,340 | €79,340 | = | 0.0% |
| Current assets | 29/58 | €332,892 | €350,373 | +€17,481 | +5.3% |
| Stocks and contracts in progress | 3 | €56,634 | €56,634 | = | 0.0% |
| Contracts in progress | 37 | €56,634 | €56,634 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €268,317 | €277,221 | +€8,904 | +3.3% |
| Trade receivables | 40 | €49,635 | €59,812 | +€10,177 | +20.5% |
| Other amounts receivable | 41 | €218,682 | €217,409 | -€1,273 | -0.6% |
| Cash at bank and in hand | 54/58 | €7,940 | €16,518 | +€8,577 | +108.0% |
| Total equity and liabilities | 10/49 | €1,105,232 | €1,033,970 | -€71,262 | -6.4% |
| Equity | 10/15 | €28,806 | €29,215 | +€409 | +1.4% |
| Contributions | 10/11 | €85,000 | €87,000 | +€2,000 | +2.4% |
| Profit (loss) carried forward | 14 | -€56,194 | -€57,785 | -€1,591 | -2.8% |
| Amounts payable | 17/49 | €1,076,426 | €1,004,755 | -€71,671 | -6.7% |
| Amounts payable after more than one year | 17 | €886,386 | €573,310 | -€313,076 | -35.3% |
| Financial debts | 170/4 | €886,386 | €573,310 | -€313,076 | -35.3% |
| Amounts payable within one year | 42/48 | €190,041 | €431,445 | +€241,405 | +127.0% |
| Current portion of amounts payable after more than one year | 42 | €73,393 | €78,821 | +€5,428 | +7.4% |
| Financial debts | 43 | - | €8,885 | +€8,885 | |
| Credit institutions | 430/8 | - | €8,885 | +€8,885 | |
| Trade debts | 44 | €70,246 | €6,348 | -€63,898 | -91.0% |
| Suppliers | 440/4 | €70,246 | €6,348 | -€63,898 | -91.0% |
| Taxes, remuneration and social security | 45 | €1,776 | €14,996 | +€13,220 | +744.6% |
| Taxes | 450/3 | €1,776 | €14,996 | +€13,220 | +744.6% |
| Other amounts payable | 47/48 | €44,626 | €322,395 | +€277,769 | +622.4% |
| Remuneration, social security and pensions | 62 | €60,913 | €2,147 | -€58,766 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,375 | €91,318 | -€6,057 | -6.2% |
| Other operating charges | 640/8 | €10,089 | €13,716 | +€3,627 | +36.0% |
| Gross operating margin | 9900 | €157,677 | €150,191 | -€7,486 | -4.7% |
| Operating profit (loss) | 9901 | -€10,699 | €43,011 | +€53,710 | |
| Financial income | 75/76B | €586 | €150 | -€437 | -74.5% |
| Recurring financial income | 75 | €586 | €150 | -€437 | -74.5% |
| Financial charges | 65/66B | €28,860 | €44,288 | +€15,427 | +53.5% |
| Recurring financial charges | 65 | €28,860 | €44,288 | +€15,427 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,973 | -€1,127 | +€37,846 | +97.1% |
| Income taxes | 67/77 | - | €464 | +€464 | |
| Profit (loss) for the period | 9904 | -€38,973 | -€1,591 | +€37,382 | +95.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,973 | -€1,591 | +€37,382 | +95.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.