T-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.
T-TEC
Largest movements
- Receivables within one year +€6,516
up €6,516 (+21.5%), from €30,276 to €36,791
- Cash -€2,481
no longer reported in 2024 (was €2,481)
mainly Debts after one year (-€10,805) and Receivables within one year (-€6,516)
- Tangible fixed assets -€2,373
down €2,373 (-2.9%), from €80,974 to €78,602
of which Plant, machinery and equipment: -€2,848
- Debts after one year -€10,805
down €10,805 (-92.2%), from €11,719 to €914
- Short-term financial debts +€7,029
new in 2024: €7,029
- Reserves +€6,316
up €6,316 (+16.7%), from €37,909 to €44,225
of which Distributable reserves: +€6,316
- Trade debts +€4,901
up €4,901 (+43.5%), from €11,264 to €16,164
- Other debts -€3,753
down €3,753 (-14.4%), from €26,072 to €22,319
- Gross operating margin +€5,410
up €5,410 (+41.8%), from €12,951 to €18,361
- Taxes +€2,511
up €2,511 (+996.8%), from €252 to €2,763
- Financial charges +€2,115
up €2,115 (+77.6%), from €2,725 to €4,840
- Depreciation -€1,753
down €1,753 (-24.6%), from €7,131 to €5,378
- Other operating charges -€1,647
down €1,647 (-51.1%), from €3,222 to €1,574
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,740 | €122,635 | +€894 | +0.7% |
| Fixed assets | 21/28 | €80,974 | €78,602 | -€2,373 | -2.9% |
| Tangible fixed assets | 22/27 | €80,974 | €78,602 | -€2,373 | -2.9% |
| Land and buildings | 22 | €69,300 | €69,300 | = | 0.0% |
| Plant, machinery and equipment | 23 | €9,888 | €7,040 | -€2,848 | -28.8% |
| Furniture and vehicles | 24 | €1,786 | €2,262 | +€475 | +26.6% |
| Current assets | 29/58 | €40,766 | €44,033 | +€3,267 | +8.0% |
| Stocks and contracts in progress | 3 | €7,019 | €6,173 | -€846 | -12.1% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Contracts in progress | 37 | €2,019 | €1,173 | -€846 | -41.9% |
| Amounts receivable within one year | 40/41 | €30,276 | €36,791 | +€6,516 | +21.5% |
| Trade receivables | 40 | €30,276 | €36,791 | +€6,516 | +21.5% |
| Cash at bank and in hand | 54/58 | €2,481 | - | -€2,481 | |
| Deferred charges and accrued income | 490/1 | €990 | €1,069 | +€79 | +8.0% |
| Total equity and liabilities | 10/49 | €121,740 | €122,635 | +€894 | +0.7% |
| Equity | 10/15 | €52,128 | €55,945 | +€3,817 | +7.3% |
| Contributions | 10/11 | €11,720 | €11,720 | = | 0.0% |
| Reserves | 13 | €37,909 | €44,225 | +€6,316 | +16.7% |
| Tax-exempt reserves | 132 | €6,749 | €6,749 | = | 0.0% |
| Distributable reserves | 133 | €31,160 | €37,476 | +€6,316 | +20.3% |
| Profit (loss) carried forward | 14 | €2,500 | - | -€2,500 | |
| Amounts payable | 17/49 | €69,612 | €66,690 | -€2,922 | -4.2% |
| Amounts payable after more than one year | 17 | €11,719 | €914 | -€10,805 | -92.2% |
| Financial debts | 170/4 | €11,719 | €914 | -€10,805 | -92.2% |
| Amounts payable within one year | 42/48 | €57,893 | €63,786 | +€5,893 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €10,516 | €10,805 | +€289 | +2.8% |
| Financial debts | 43 | - | €7,029 | +€7,029 | |
| Credit institutions | 430/8 | - | €7,029 | +€7,029 | |
| Trade debts | 44 | €11,264 | €16,164 | +€4,901 | +43.5% |
| Suppliers | 440/4 | €11,264 | €16,164 | +€4,901 | +43.5% |
| Taxes, remuneration and social security | 45 | €10,043 | €7,469 | -€2,574 | -25.6% |
| Taxes | 450/3 | €10,043 | €7,469 | -€2,574 | -25.6% |
| Other amounts payable | 47/48 | €26,072 | €22,319 | -€3,753 | -14.4% |
| Accrued charges and deferred income | 492/3 | - | €1,990 | +€1,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,131 | €5,378 | -€1,753 | -24.6% |
| Other operating charges | 640/8 | €3,222 | €1,574 | -€1,647 | -51.1% |
| Gross operating margin | 9900 | €12,951 | €18,361 | +€5,410 | +41.8% |
| Operating profit (loss) | 9901 | €2,598 | €11,409 | +€8,811 | +339.1% |
| Financial income | 75/76B | €10 | €12 | +€1 | +12.1% |
| Recurring financial income | 75 | €10 | €12 | +€1 | +12.1% |
| Financial charges | 65/66B | €2,725 | €4,840 | +€2,115 | +77.6% |
| Recurring financial charges | 65 | €2,725 | €4,840 | +€2,115 | +77.6% |
| Profit (loss) for the period before taxes | 9903 | -€117 | €6,580 | +€6,697 | |
| Income taxes | 67/77 | €252 | €2,763 | +€2,511 | +996.8% |
| Profit (loss) for the period | 9904 | -€369 | €3,817 | +€4,186 | |
| Profit (loss) for the period to be appropriated | 9905 | -€369 | €3,817 | +€4,186 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.