THE TEDDY BEAR: what changed
Two financial 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.
THE TEDDY BEAR
Largest movements
- Cash -€5,216
down €5,216 (-53.3%), from €9,782 to €4,566
mainly Debts after one year (-€15,116) and Trade debts (-€870)
- Debts after one year -€15,116
down €15,116 (-9.5%), from €159,344 to €144,228
- Profit (loss) carried forward +€10,770
up €10,770 (+5.1%), from -€210,043 to -€199,273
- Trade debts -€870
down €870 (-2.2%), from €39,649 to €38,779
- Gross operating margin -€35,378
down €35,378 (-73.4%), from €48,178 to €12,800
- Turnover +€19,930
new in 2025: €19,930
- Purchases and services +€7,130
new in 2025: €7,130
- Depreciation -€4,853
no longer reported in 2025 (was €4,853)
- Other operating charges +€1,063
up €1,063 (+112.4%), from €946 to €2,009
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 | €9,782 | €4,566 | -€5,216 | -53.3% |
| Current assets | 29/58 | €9,782 | €4,566 | -€5,216 | -53.3% |
| Cash at bank and in hand | 54/58 | €9,782 | €4,566 | -€5,216 | -53.3% |
| Total equity and liabilities | 10/49 | €9,782 | €4,566 | -€5,216 | -53.3% |
| Equity | 10/15 | -€189,211 | -€178,441 | +€10,770 | +5.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €2,240 | €2,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €381 | €381 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,043 | -€199,273 | +€10,770 | +5.1% |
| Amounts payable | 17/49 | €198,993 | €183,007 | -€15,986 | -8.0% |
| Amounts payable after more than one year | 17 | €159,344 | €144,228 | -€15,116 | -9.5% |
| Other amounts payable | 178/9 | €159,344 | €144,228 | -€15,116 | -9.5% |
| Amounts payable within one year | 42/48 | €39,649 | €38,779 | -€870 | -2.2% |
| Trade debts | 44 | €39,649 | €38,779 | -€870 | -2.2% |
| Suppliers | 440/4 | €39,649 | €38,779 | -€870 | -2.2% |
| Turnover | 70 | - | €19,930 | +€19,930 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €7,130 | +€7,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,853 | - | -€4,853 | |
| Other operating charges | 640/8 | €946 | €2,009 | +€1,063 | +112.4% |
| Gross operating margin | 9900 | €48,178 | €12,800 | -€35,378 | -73.4% |
| Operating profit (loss) | 9901 | €42,379 | €10,791 | -€31,588 | -74.5% |
| Financial charges | 65/66B | €39 | €21 | -€18 | -46.2% |
| Recurring financial charges | 65 | €39 | €21 | -€18 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €42,340 | €10,770 | -€31,570 | -74.6% |
| Profit (loss) for the period | 9904 | €42,340 | €10,770 | -€31,570 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,340 | €10,770 | -€31,570 | -74.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.