TWO FOR TEETH: 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.
TWO FOR TEETH
Largest movements
- Tangible fixed assets +€77,490
up €77,490 (+14.8%), from €524,901 to €602,391
of which Furniture and vehicles: +€62,791
- Cash -€14,411
down €14,411 (-65.3%), from €22,067 to €7,655
mainly Investment in fixed assets (net) (-€146,336) and Net result for the year (-€17,355)
- Intangible fixed assets -€12,175
down €12,175 (-10.6%), from €114,979 to €102,804
- Debts after one year +€46,085
up €46,085 (+11.6%), from €396,804 to €442,889
of which Other amounts payable: +€49,300
- Profit (loss) carried forward -€17,355
new in 2025: -€17,355
- Current portion of long-term debt +€15,168
up €15,168 (+55.2%), from €27,493 to €42,660
- Short-term financial debts +€13,768
new in 2025: €13,768
- Staff costs +€30,645
new in 2025: €30,645
- Depreciation +€29,476
up €29,476 (+57.2%), from €51,544 to €81,021
- Taxes -€12,238
down €12,238 (-98.7%), from €12,399 to €161
- Financial charges +€3,754
up €3,754 (+38.0%), from €9,872 to €13,626
- Gross operating margin +€1,928
up €1,928 (+1.8%), from €108,861 to €110,789
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 | €687,015 | €744,310 | +€57,295 | +8.3% |
| Fixed assets | 21/28 | €643,480 | €708,795 | +€65,315 | +10.2% |
| Intangible fixed assets | 21 | €114,979 | €102,804 | -€12,175 | -10.6% |
| Tangible fixed assets | 22/27 | €524,901 | €602,391 | +€77,490 | +14.8% |
| Land and buildings | 22 | €333,216 | €310,176 | -€23,040 | -6.9% |
| Plant, machinery and equipment | 23 | €181,702 | €207,029 | +€25,327 | +13.9% |
| Furniture and vehicles | 24 | €9,983 | €72,774 | +€62,791 | +629.0% |
| Other tangible fixed assets | 26 | - | €12,412 | +€12,412 | |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €43,535 | €35,515 | -€8,021 | -18.4% |
| Amounts receivable within one year | 40/41 | €18,418 | €20,968 | +€2,550 | +13.8% |
| Trade receivables | 40 | €18,418 | €6,129 | -€12,289 | -66.7% |
| Other amounts receivable | 41 | - | €14,839 | +€14,839 | |
| Cash at bank and in hand | 54/58 | €22,067 | €7,655 | -€14,411 | -65.3% |
| Deferred charges and accrued income | 490/1 | €3,050 | €6,891 | +€3,841 | +125.9% |
| Total equity and liabilities | 10/49 | €687,015 | €744,310 | +€57,295 | +8.3% |
| Equity | 10/15 | €35,764 | €18,409 | -€17,355 | -48.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €33,264 | €33,264 | = | 0.0% |
| Distributable reserves | 133 | €33,264 | €33,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€17,355 | -€17,355 | |
| Amounts payable | 17/49 | €651,251 | €725,901 | +€74,649 | +11.5% |
| Amounts payable after more than one year | 17 | €396,804 | €442,889 | +€46,085 | +11.6% |
| Financial debts | 170/4 | €293,804 | €290,589 | -€3,215 | -1.1% |
| Other amounts payable | 178/9 | €103,000 | €152,300 | +€49,300 | +47.9% |
| Amounts payable within one year | 42/48 | €254,447 | €283,012 | +€28,564 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €27,493 | €42,660 | +€15,168 | +55.2% |
| Financial debts | 43 | - | €13,768 | +€13,768 | |
| Credit institutions | 430/8 | - | €13,768 | +€13,768 | |
| Trade debts | 44 | €2,055 | €4,825 | +€2,770 | +134.8% |
| Suppliers | 440/4 | €2,055 | €4,825 | +€2,770 | +134.8% |
| Taxes, remuneration and social security | 45 | €12,399 | €6,048 | -€6,350 | -51.2% |
| Taxes | 450/3 | €12,399 | - | -€12,399 | |
| Remuneration and social security | 454/9 | - | €6,048 | +€6,048 | |
| Other amounts payable | 47/48 | €212,501 | €215,710 | +€3,209 | +1.5% |
| Remuneration, social security and pensions | 62 | - | €30,645 | +€30,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,544 | €81,021 | +€29,476 | +57.2% |
| Other operating charges | 640/8 | €1,792 | €2,692 | +€900 | +50.2% |
| Gross operating margin | 9900 | €108,861 | €110,789 | +€1,928 | +1.8% |
| Operating profit (loss) | 9901 | €55,524 | -€3,569 | -€59,093 | |
| Financial income | 75/76B | €10 | €1 | -€9 | -93.1% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -93.1% |
| Financial charges | 65/66B | €9,872 | €13,626 | +€3,754 | +38.0% |
| Recurring financial charges | 65 | €9,872 | €13,626 | +€3,754 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €45,662 | -€17,194 | -€62,856 | |
| Income taxes | 67/77 | €12,399 | €161 | -€12,238 | -98.7% |
| Profit (loss) for the period | 9904 | €33,264 | -€17,355 | -€50,618 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,264 | -€17,355 | -€50,618 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.