Circle TEC: 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.
Circle TEC
Largest movements
- Receivables within one year -€172,074
down €172,074 (-75.3%), from €228,453 to €56,379
of which Other amounts receivable: -€138,936
- Tangible fixed assets -€15,692
down €15,692 (-22.0%), from €71,169 to €55,477
of which Plant, machinery and equipment: -€16,364
- Intangible fixed assets +€6,192
up €6,192 (+78.3%), from €7,907 to €14,099
- Deferred charges and accrued income +€4,656
up €4,656 (+290.2%), from €1,604 to €6,261
- Trade debts -€125,007
down €125,007 (-93.1%), from €134,328 to €9,321
- Profit (loss) carried forward -€114,489
down €114,489, from €11,858 to -€102,632
- Other debts +€105,636
new in 2025: €105,636
- Tax, wage and social debts -€33,240
down €33,240 (-77.4%), from €42,966 to €9,726
- Accrued charges and deferred income -€15,290
down €15,290 (-13.9%), from €109,983 to €94,693
- Gross operating margin -€144,877
down €144,877, from €55,055 to -€89,821
- Taxes -€15,053
down €15,053 (-93.7%), from €16,060 to €1,007
- Depreciation +€5,528
up €5,528 (+36.2%), from €15,281 to €20,809
- Financial charges +€1,811
up €1,811 (+162.9%), from €1,112 to €2,922
- Financial income -€935
down €935 (-56.8%), from €1,645 to €710
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 | €309,134 | €132,216 | -€176,918 | -57.2% |
| Fixed assets | 21/28 | €79,077 | €69,576 | -€9,500 | -12.0% |
| Intangible fixed assets | 21 | €7,907 | €14,099 | +€6,192 | +78.3% |
| Tangible fixed assets | 22/27 | €71,169 | €55,477 | -€15,692 | -22.0% |
| Plant, machinery and equipment | 23 | €66,195 | €49,831 | -€16,364 | -24.7% |
| Furniture and vehicles | 24 | €4,974 | €4,245 | -€729 | -14.7% |
| Other tangible fixed assets | 26 | - | €1,401 | +€1,401 | |
| Current assets | 29/58 | €230,058 | €62,640 | -€167,418 | -72.8% |
| Amounts receivable within one year | 40/41 | €228,453 | €56,379 | -€172,074 | -75.3% |
| Trade receivables | 40 | €89,518 | €56,379 | -€33,139 | -37.0% |
| Other amounts receivable | 41 | €138,936 | €0 | -€138,936 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,604 | €6,261 | +€4,656 | +290.2% |
| Total equity and liabilities | 10/49 | €309,134 | €132,216 | -€176,918 | -57.2% |
| Equity | 10/15 | €21,858 | -€92,632 | -€114,489 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,858 | -€102,632 | -€114,489 | |
| Amounts payable | 17/49 | €287,277 | €224,848 | -€62,429 | -21.7% |
| Amounts payable within one year | 42/48 | €177,294 | €130,155 | -€47,139 | -26.6% |
| Financial debts | 43 | €0 | €5,472 | +€5,472 | |
| Credit institutions | 430/8 | €0 | €5,472 | +€5,472 | |
| Trade debts | 44 | €134,328 | €9,321 | -€125,007 | -93.1% |
| Suppliers | 440/4 | €134,328 | €9,321 | -€125,007 | -93.1% |
| Taxes, remuneration and social security | 45 | €42,966 | €9,726 | -€33,240 | -77.4% |
| Taxes | 450/3 | €42,966 | €9,726 | -€33,240 | -77.4% |
| Other amounts payable | 47/48 | - | €105,636 | +€105,636 | |
| Accrued charges and deferred income | 492/3 | €109,983 | €94,693 | -€15,290 | -13.9% |
| Remuneration, social security and pensions | 62 | €755 | €0 | -€755 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,281 | €20,809 | +€5,528 | +36.2% |
| Other operating charges | 640/8 | €713 | €639 | -€74 | -10.4% |
| Gross operating margin | 9900 | €55,055 | -€89,821 | -€144,877 | |
| Operating profit (loss) | 9901 | €38,306 | -€111,269 | -€149,576 | |
| Financial income | 75/76B | €1,645 | €710 | -€935 | -56.8% |
| Recurring financial income | 75 | €1,645 | €710 | -€935 | -56.8% |
| Financial charges | 65/66B | €1,112 | €2,922 | +€1,811 | +162.9% |
| Recurring financial charges | 65 | €1,112 | €2,922 | +€1,811 | +162.9% |
| Profit (loss) for the period before taxes | 9903 | €38,839 | -€113,482 | -€152,322 | |
| Income taxes | 67/77 | €16,060 | €1,007 | -€15,053 | -93.7% |
| Profit (loss) for the period | 9904 | €22,779 | -€114,489 | -€137,269 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,779 | -€114,489 | -€137,269 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.