GROUP TECK: 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.
GROUP TECK
Largest movements
- Cash -€7,244
down €7,244 (-97.5%), from €7,428 to €184
mainly Other debts (-€7,770) and Trade debts (-€5,179)
- Tangible fixed assets -€4,100
down €4,100 (-20.3%), from €20,153 to €16,053
- Formation expenses -€417
down €417 (-71.7%), from €582 to €165
- Other debts -€7,770
no longer reported in 2025 (was €7,770)
- Trade debts -€5,179
down €5,179 (-80.9%), from €6,402 to €1,223
- Profit (loss) carried forward +€2,389
up €2,389 (+25.1%), from €9,501 to €11,890
- Tax, wage and social debts -€1,196
down €1,196 (-19.2%), from €6,245 to €5,049
of which Remuneration and social security: -€2,000
- Gross operating margin -€7,614
down €7,614 (-48.6%), from €15,660 to €8,046
- Depreciation +€3,753
up €3,753 (+490.7%), from €765 to €4,517
- Taxes -€2,588
down €2,588 (-72.5%), from €3,569 to €980
- Financial income +€160
new in 2025: €160
- Other operating charges +€159
new in 2025: €159
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 | €36,418 | €24,661 | -€11,757 | -32.3% |
| Formation expenses | 20 | €582 | €165 | -€417 | -71.7% |
| Fixed assets | 21/28 | €20,153 | €16,053 | -€4,100 | -20.3% |
| Tangible fixed assets | 22/27 | €20,153 | €16,053 | -€4,100 | -20.3% |
| Furniture and vehicles | 24 | €20,153 | €16,053 | -€4,100 | -20.3% |
| Current assets | 29/58 | €15,683 | €8,444 | -€7,239 | -46.2% |
| Amounts receivable within one year | 40/41 | €8,255 | €8,099 | -€156 | -1.9% |
| Trade receivables | 40 | €8,255 | €5,126 | -€3,129 | -37.9% |
| Other amounts receivable | 41 | - | €2,974 | +€2,974 | |
| Cash at bank and in hand | 54/58 | €7,428 | €184 | -€7,244 | -97.5% |
| Deferred charges and accrued income | 490/1 | - | €160 | +€160 | |
| Total equity and liabilities | 10/49 | €36,418 | €24,661 | -€11,757 | -32.3% |
| Equity | 10/15 | €16,001 | €18,390 | +€2,389 | +14.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Outside capital | 11 | €6,500 | €6,500 | = | 0.0% |
| Other | 1109/19 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,501 | €11,890 | +€2,389 | +25.1% |
| Amounts payable | 17/49 | €20,417 | €6,272 | -€14,145 | -69.3% |
| Amounts payable within one year | 42/48 | €20,417 | €6,272 | -€14,145 | -69.3% |
| Trade debts | 44 | €6,402 | €1,223 | -€5,179 | -80.9% |
| Suppliers | 440/4 | €6,402 | €1,223 | -€5,179 | -80.9% |
| Taxes, remuneration and social security | 45 | €6,245 | €5,049 | -€1,196 | -19.2% |
| Taxes | 450/3 | €3,745 | €4,549 | +€804 | +21.5% |
| Remuneration and social security | 454/9 | €2,500 | €500 | -€2,000 | -80.0% |
| Other amounts payable | 47/48 | €7,770 | - | -€7,770 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €765 | €4,517 | +€3,753 | +490.7% |
| Other operating charges | 640/8 | - | €159 | +€159 | |
| Gross operating margin | 9900 | €15,660 | €8,046 | -€7,614 | -48.6% |
| Operating profit (loss) | 9901 | €14,895 | €3,370 | -€11,526 | -77.4% |
| Financial income | 75/76B | - | €160 | +€160 | |
| Recurring financial income | 75 | - | €160 | +€160 | |
| Financial charges | 65/66B | €73 | €161 | +€88 | +120.6% |
| Recurring financial charges | 65 | €73 | €161 | +€88 | +120.6% |
| Profit (loss) for the period before taxes | 9903 | €14,822 | €3,369 | -€11,454 | -77.3% |
| Income taxes | 67/77 | €3,569 | €980 | -€2,588 | -72.5% |
| Profit (loss) for the period | 9904 | €11,254 | €2,389 | -€8,865 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,254 | €2,389 | -€8,865 | -78.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.