T.E.C.: 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.
T.E.C.
Largest movements
- Cash -€574
no longer reported in 2025 (was €574)
mainly Net result for the year (-€8,192)
- Receivables within one year -€150
down €150 (-96.7%), from €155 to €5
of which Trade receivables: -€150
- Profit (loss) carried forward -€8,192
down €8,192 (-18.5%), from -€44,372 to -€52,564
- Other debts +€7,217
new in 2025: €7,217
- Trade debts +€251
up €251 (+64.8%), from €387 to €638
- Other operating charges +€6,581
up €6,581 (+1699.1%), from €387 to €6,968
- Gross operating margin +€553
up €553 (+31.2%), from -€1,770 to -€1,217
- Financial charges -€156
down €156 (-96.2%), from €162 to €6
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 | €730 | €5 | -€724 | -99.3% |
| Current assets | 29/58 | €730 | €5 | -€724 | -99.3% |
| Amounts receivable within one year | 40/41 | €155 | €5 | -€150 | -96.7% |
| Trade receivables | 40 | €150 | - | -€150 | |
| Other amounts receivable | 41 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €574 | - | -€574 | |
| Total equity and liabilities | 10/49 | €730 | €5 | -€724 | -99.3% |
| Equity | 10/15 | -€12,737 | -€20,929 | -€8,192 | -64.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,035 | €13,035 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €11,175 | €11,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,372 | -€52,564 | -€8,192 | -18.5% |
| Amounts payable | 17/49 | €13,467 | €20,934 | +€7,468 | +55.5% |
| Amounts payable after more than one year | 17 | €13,079 | €13,079 | = | 0.0% |
| Financial debts | 170/4 | €13,079 | €13,079 | = | 0.0% |
| Amounts payable within one year | 42/48 | €387 | €7,855 | +€7,468 | +1927.9% |
| Trade debts | 44 | €387 | €638 | +€251 | +64.8% |
| Suppliers | 440/4 | €387 | €638 | +€251 | +64.8% |
| Other amounts payable | 47/48 | - | €7,217 | +€7,217 | |
| Other operating charges | 640/8 | €387 | €6,968 | +€6,581 | +1699.1% |
| Gross operating margin | 9900 | -€1,770 | -€1,217 | +€553 | +31.2% |
| Operating profit (loss) | 9901 | -€2,158 | -€8,186 | -€6,028 | -279.4% |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.7% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.7% |
| Financial charges | 65/66B | €162 | €6 | -€156 | -96.2% |
| Recurring financial charges | 65 | €162 | €6 | -€156 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,314 | -€8,192 | -€5,878 | -254.1% |
| Income taxes | 67/77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | -€2,315 | -€8,192 | -€5,877 | -253.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,315 | -€8,192 | -€5,877 | -253.8% |
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.