T.E.C.K.Up: 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.K.Up"
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Short-term financial debts -€479,315
down €479,315 (-63.4%), from €755,493 to €276,178
- Reserves +€245,590
new in 2025: €245,590
- Debts after one year +€182,405
up €182,405 (+42.2%), from €432,400 to €614,804
of which Financial debts: +€182,405
- Other debts -€83,327
no longer reported in 2025 (was €83,327)
- Trade debts +€66,758
up €66,758 (+2,791%), from €2,392 to €69,150
of which Bills of exchange payable: +€64,885
- Gross operating margin +€86,104
up €86,104 (+45.4%), from €189,645 to €275,748
- Taxes +€42,511
up €42,511 (+93.6%), from €45,431 to €87,942
- Financial charges +€12,677
up €12,677 (+133%), from €9,539 to €22,217
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.
Derived cash bridge
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 | €3,101,051 | €3,124,317 | +€23,265 | +0.8% |
| Fixed assets | 21/28 | €3,100,103 | €3,100,103 | = | 0.0% |
| Financial fixed assets | 28 | €3,100,103 | €3,100,103 | = | 0.0% |
| Current assets | 29/58 | €949 | €24,214 | +€23,265 | +2,452% |
| Amounts receivable within one year | 40/41 | €949 | - | -€949 | |
| Other amounts receivable | 41 | €949 | - | -€949 | |
| Cash at bank and in hand | 54/58 | - | €24,214 | +€24,214 | |
| Total equity and liabilities | 10/49 | €3,101,051 | €3,124,317 | +€23,265 | +0.8% |
| Equity | 10/15 | €1,697,710 | €1,943,300 | +€245,590 | +14.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | - | €245,590 | +€245,590 | |
| Distributable reserves | 133 | - | €245,590 | +€245,590 | |
| Profit (loss) carried forward | 14 | €1,547,710 | €1,547,710 | -€0 | 0.0% |
| Amounts payable | 17/49 | €1,403,341 | €1,181,017 | -€222,324 | -15.8% |
| Amounts payable after more than one year | 17 | €432,400 | €614,804 | +€182,405 | +42.2% |
| Financial debts | 170/4 | €332,400 | €514,804 | +€182,405 | +54.9% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €970,698 | €564,888 | -€405,810 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €129,487 | €192,608 | +€63,122 | +48.7% |
| Financial debts | 43 | €755,493 | €276,178 | -€479,315 | -63.4% |
| Credit institutions | 430/8 | €755,493 | €276,178 | -€479,315 | -63.4% |
| Trade debts | 44 | €2,392 | €69,150 | +€66,758 | +2,791% |
| Suppliers | 440/4 | €2,392 | €4,264 | +€1,873 | +78.3% |
| Bills of exchange payable | 441 | - | €64,885 | +€64,885 | |
| Taxes, remuneration and social security | 45 | - | €26,953 | +€26,953 | |
| Taxes | 450/3 | - | €26,953 | +€26,953 | |
| Other amounts payable | 47/48 | €83,327 | - | -€83,327 | |
| Accrued charges and deferred income | 492/3 | €243 | €1,324 | +€1,081 | +445% |
| Gross operating margin | 9900 | €189,645 | €275,748 | +€86,104 | +45.4% |
| Operating profit (loss) | 9901 | €189,645 | €275,748 | +€86,104 | +45.4% |
| Financial income | 75/76B | €80,000 | €80,000 | = | 0.0% |
| Recurring financial income | 75 | €80,000 | €80,000 | = | 0.0% |
| Financial charges | 65/66B | €9,539 | €22,217 | +€12,677 | +133% |
| Recurring financial charges | 65 | €9,539 | €22,217 | +€12,677 | +133% |
| Profit (loss) for the period before taxes | 9903 | €260,105 | €333,531 | +€73,426 | +28.2% |
| Income taxes | 67/77 | €45,431 | €87,942 | +€42,511 | +93.6% |
| Profit (loss) for the period | 9904 | €214,675 | €245,590 | +€30,915 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €214,675 | €245,590 | +€30,915 | +14.4% |
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 25 October 2026 via checked.be.