F - 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.
F - TEC
Largest movements
- Cash -€20,853
down €20,853 (-5.3%), from €393,259 to €372,406
mainly Trade debts (-€27,895) and Tax, wage and social debts (-€11,074)
- Receivables within one year +€10,710
up €10,710 (+10.9%), from €98,120 to €108,830
of which Trade receivables: +€18,290
- Trade debts -€27,895
down €27,895 (-47.9%), from €58,208 to €30,313
- Other debts +€20,804
up €20,804 (+224.7%), from €9,260 to €30,064
- Tax, wage and social debts -€11,074
down €11,074 (-84.9%), from €13,045 to €1,971
of which Taxes: -€9,146
- Profit (loss) carried forward +€5,913
up €5,913 (+2.6%), from €225,294 to €231,207
- Turnover -€77,597
down €77,597 (-53.1%), from €146,014 to €68,417
- Purchases and services -€32,894
down €32,894 (-38.9%), from €84,581 to €51,687
- Gross operating margin -€13,220
down €13,220 (-44.1%), from €29,950 to €16,730
- Staff costs -€4,036
down €4,036 (-45.4%), from €8,897 to €4,861
- Taxes -€1,520
down €1,520 (-33.5%), from €4,537 to €3,017
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €509,440 | €497,187 | -€12,253 | -2.4% |
| Fixed assets | 21/28 | €7,814 | €5,704 | -€2,110 | -27.0% |
| Tangible fixed assets | 22/27 | €7,274 | €5,164 | -€2,110 | -29.0% |
| Land and buildings | 22 | €5,995 | €4,225 | -€1,770 | -29.5% |
| Plant, machinery and equipment | 23 | €1,278 | €938 | -€340 | -26.6% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €501,626 | €491,484 | -€10,143 | -2.0% |
| Stocks and contracts in progress | 3 | €10,248 | €10,248 | = | 0.0% |
| Stocks | 30/36 | €10,248 | €10,248 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €98,120 | €108,830 | +€10,710 | +10.9% |
| Trade receivables | 40 | €89,675 | €107,964 | +€18,290 | +20.4% |
| Other amounts receivable | 41 | €8,445 | €866 | -€7,579 | -89.7% |
| Cash at bank and in hand | 54/58 | €393,259 | €372,406 | -€20,853 | -5.3% |
| Total equity and liabilities | 10/49 | €509,440 | €497,187 | -€12,253 | -2.4% |
| Equity | 10/15 | €428,927 | €434,840 | +€5,913 | +1.4% |
| Contributions | 10/11 | €50,592 | €50,592 | = | 0.0% |
| Capital | 10 | €50,592 | €50,592 | = | 0.0% |
| Issued capital | 100 | €50,592 | €50,592 | = | 0.0% |
| Reserves | 13 | €153,041 | €153,041 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,059 | €5,059 | = | 0.0% |
| Legal reserve | 130 | €5,059 | €5,059 | = | 0.0% |
| Distributable reserves | 133 | €147,982 | €147,982 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,294 | €231,207 | +€5,913 | +2.6% |
| Amounts payable | 17/49 | €80,513 | €62,348 | -€18,165 | -22.6% |
| Amounts payable within one year | 42/48 | €80,513 | €62,348 | -€18,165 | -22.6% |
| Trade debts | 44 | €58,208 | €30,313 | -€27,895 | -47.9% |
| Suppliers | 440/4 | €58,208 | €30,313 | -€27,895 | -47.9% |
| Taxes, remuneration and social security | 45 | €13,045 | €1,971 | -€11,074 | -84.9% |
| Taxes | 450/3 | €9,146 | €0 | -€9,146 | -100.0% |
| Remuneration and social security | 454/9 | €3,899 | €1,971 | -€1,928 | -49.5% |
| Other amounts payable | 47/48 | €9,260 | €30,064 | +€20,804 | +224.7% |
| Turnover | 70 | €146,014 | €68,417 | -€77,597 | -53.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €84,581 | €51,687 | -€32,894 | -38.9% |
| Remuneration, social security and pensions | 62 | €8,897 | €4,861 | -€4,036 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,110 | €2,110 | = | 0.0% |
| Other operating charges | 640/8 | €764 | €777 | +€13 | +1.7% |
| Gross operating margin | 9900 | €29,950 | €16,730 | -€13,220 | -44.1% |
| Operating profit (loss) | 9901 | €18,180 | €8,982 | -€9,198 | -50.6% |
| Financial charges | 65/66B | €32 | €53 | +€21 | +66.4% |
| Recurring financial charges | 65 | €32 | €53 | +€21 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | €18,148 | €8,929 | -€9,219 | -50.8% |
| Income taxes | 67/77 | €4,537 | €3,017 | -€1,520 | -33.5% |
| Profit (loss) for the period | 9904 | €13,611 | €5,913 | -€7,699 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,611 | €5,913 | -€7,699 | -56.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2022 and 31 August 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.