B-TECSO: 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.
B-TECSO
Largest movements
- Tangible fixed assets +€104,887
up €104,887 (+380.3%), from €27,583 to €132,470
of which Furniture and vehicles: +€89,406
- Cash +€7,978
up €7,978 (+5.2%), from €154,434 to €162,412
mainly Net result for the year (+€75,071) and Debts after one year (+€42,511)
- Receivables within one year +€4,111
up €4,111 (+20.4%), from €20,149 to €24,261
of which Trade receivables: +€5,103
- Deferred charges and accrued income +€3,947
new in 2025: €3,947
- Reserves +€75,071
up €75,071 (+47.8%), from €156,972 to €232,043
- Debts after one year +€42,511
new in 2025: €42,511
- Current portion of long-term debt +€13,080
new in 2025: €13,080
- Other debts -€11,586
down €11,586 (-56.7%), from €20,450 to €8,864
- Gross operating margin +€20,924
up €20,924 (+18.3%), from €114,398 to €135,322
- Depreciation +€16,749
up €16,749 (+94.1%), from €17,806 to €34,555
- Financial charges +€1,567
up €1,567 (+2611.3%), from €60 to €1,627
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 | €202,166 | €323,089 | +€120,923 | +59.8% |
| Fixed assets | 21/28 | €27,583 | €132,470 | +€104,887 | +380.3% |
| Tangible fixed assets | 22/27 | €27,583 | €132,470 | +€104,887 | +380.3% |
| Land and buildings | 22 | €3,850 | €19,709 | +€15,859 | +411.9% |
| Plant, machinery and equipment | 23 | €1,575 | €1,197 | -€378 | -24.0% |
| Furniture and vehicles | 24 | €22,158 | €111,564 | +€89,406 | +403.5% |
| Current assets | 29/58 | €174,583 | €190,619 | +€16,036 | +9.2% |
| Amounts receivable within one year | 40/41 | €20,149 | €24,261 | +€4,111 | +20.4% |
| Trade receivables | 40 | €19,158 | €24,261 | +€5,103 | +26.6% |
| Other amounts receivable | 41 | €992 | - | -€992 | |
| Cash at bank and in hand | 54/58 | €154,434 | €162,412 | +€7,978 | +5.2% |
| Deferred charges and accrued income | 490/1 | - | €3,947 | +€3,947 | |
| Total equity and liabilities | 10/49 | €202,166 | €323,089 | +€120,923 | +59.8% |
| Equity | 10/15 | €161,972 | €237,043 | +€75,071 | +46.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €156,972 | €232,043 | +€75,071 | +47.8% |
| Distributable reserves | 133 | €156,972 | €232,043 | +€75,071 | +47.8% |
| Amounts payable | 17/49 | €40,195 | €86,047 | +€45,852 | +114.1% |
| Amounts payable after more than one year | 17 | - | €42,511 | +€42,511 | |
| Financial debts | 170/4 | - | €42,511 | +€42,511 | |
| Amounts payable within one year | 42/48 | €40,195 | €43,536 | +€3,341 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | - | €13,080 | +€13,080 | |
| Trade debts | 44 | €1,386 | €3,832 | +€2,446 | +176.5% |
| Suppliers | 440/4 | €1,386 | €3,832 | +€2,446 | +176.5% |
| Taxes, remuneration and social security | 45 | €18,359 | €17,760 | -€599 | -3.3% |
| Taxes | 450/3 | €18,359 | €17,760 | -€599 | -3.3% |
| Other amounts payable | 47/48 | €20,450 | €8,864 | -€11,586 | -56.7% |
| Remuneration, social security and pensions | 62 | €2,514 | €2,502 | -€12 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,806 | €34,555 | +€16,749 | +94.1% |
| Other operating charges | 640/8 | €1,147 | €1,163 | +€16 | +1.4% |
| Gross operating margin | 9900 | €114,398 | €135,322 | +€20,924 | +18.3% |
| Operating profit (loss) | 9901 | €92,931 | €97,103 | +€4,172 | +4.5% |
| Financial charges | 65/66B | €60 | €1,627 | +€1,567 | +2611.3% |
| Recurring financial charges | 65 | €60 | €1,627 | +€1,567 | +2611.3% |
| Profit (loss) for the period before taxes | 9903 | €92,871 | €95,476 | +€2,605 | +2.8% |
| Income taxes | 67/77 | €19,508 | €20,405 | +€896 | +4.6% |
| Profit (loss) for the period | 9904 | €73,362 | €75,071 | +€1,709 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,362 | €75,071 | +€1,709 | +2.3% |
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 9 October 2026 via checked.be.