t-tec: what changed
t-tec
Largest movements
- Tangible fixed assets +€178,965
up €178,965 (+27.6%), from €648,760 to €827,724
of which Land and buildings: +€181,044
- Receivables within one year +€79,690
up €79,690 (+19.2%), from €414,750 to €494,440
of which Other amounts receivable: +€45,567
- Cash +€28,457
up €28,457 (+15.2%), from €186,661 to €215,119
mainly Debts after one year (+€135,758) and Net result for the year (+€98,718)
- Stocks and contracts +€21,842
up €21,842 (+35.9%), from €60,793 to €82,635
- Debts after one year +€135,758
up €135,758 (+29.8%), from €455,690 to €591,448
- Other debts +€95,882
up €95,882 (+33.3%), from €287,715 to €383,597
- Reserves +€63,718
up €63,718 (+30.6%), from €208,560 to €272,277
of which Distributable reserves: +€63,718
- Gross operating margin +€59,997
up €59,997 (+24.9%), from €240,510 to €300,507
- Other operating charges -€21,884
down €21,884 (-81.4%), from €26,871 to €4,987
- Depreciation +€16,013
up €16,013 (+43.1%), from €37,142 to €53,155
- Financial charges +€10,086
up €10,086 (+85.9%), from €11,740 to €21,826
- Staff costs +€8,354
up €8,354 (+7.7%), from €108,287 to €116,640
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,313,678 | €1,622,632 | +€308,954 | +23.5% |
| Fixed assets | 21/28 | €648,760 | €827,724 | +€178,965 | +27.6% |
| Tangible fixed assets | 22/27 | €648,760 | €827,724 | +€178,965 | +27.6% |
| Land and buildings | 22 | €572,315 | €753,359 | +€181,044 | +31.6% |
| Furniture and vehicles | 24 | €76,445 | €74,365 | -€2,079 | -2.7% |
| Current assets | 29/58 | €664,918 | €794,907 | +€129,989 | +19.5% |
| Stocks and contracts in progress | 3 | €60,793 | €82,635 | +€21,842 | +35.9% |
| Stocks | 30/36 | €60,793 | €82,635 | +€21,842 | +35.9% |
| Amounts receivable within one year | 40/41 | €414,750 | €494,440 | +€79,690 | +19.2% |
| Trade receivables | 40 | €412,614 | €446,738 | +€34,123 | +8.3% |
| Other amounts receivable | 41 | €2,136 | €47,702 | +€45,567 | +2,134% |
| Cash at bank and in hand | 54/58 | €186,661 | €215,119 | +€28,457 | +15.2% |
| Deferred charges and accrued income | 490/1 | €2,714 | €2,714 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,313,678 | €1,622,632 | +€308,954 | +23.5% |
| Equity | 10/15 | €315,453 | €379,171 | +€63,718 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €208,560 | €272,277 | +€63,718 | +30.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €206,700 | €270,417 | +€63,718 | +30.8% |
| Profit (loss) carried forward | 14 | €88,293 | €88,293 | = | 0.0% |
| Amounts payable | 17/49 | €998,225 | €1,243,461 | +€245,236 | +24.6% |
| Amounts payable after more than one year | 17 | €455,690 | €591,448 | +€135,758 | +29.8% |
| Financial debts | 170/4 | €455,690 | €591,448 | +€135,758 | +29.8% |
| Amounts payable within one year | 42/48 | €542,534 | €651,128 | +€108,593 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €49,884 | €48,716 | -€1,168 | -2.3% |
| Trade debts | 44 | €186,548 | €194,887 | +€8,339 | +4.5% |
| Suppliers | 440/4 | €186,548 | €194,887 | +€8,339 | +4.5% |
| Taxes, remuneration and social security | 45 | €18,387 | €23,927 | +€5,540 | +30.1% |
| Taxes | 450/3 | €4,670 | €9,872 | +€5,202 | +111% |
| Remuneration and social security | 454/9 | €13,717 | €14,055 | +€338 | +2.5% |
| Other amounts payable | 47/48 | €287,715 | €383,597 | +€95,882 | +33.3% |
| Accrued charges and deferred income | 492/3 | - | €885 | +€885 | |
| Remuneration, social security and pensions | 62 | €108,287 | €116,640 | +€8,354 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,142 | €53,155 | +€16,013 | +43.1% |
| Other operating charges | 640/8 | €26,871 | €4,987 | -€21,884 | -81.4% |
| Gross operating margin | 9900 | €240,510 | €300,507 | +€59,997 | +24.9% |
| Operating profit (loss) | 9901 | €68,211 | €125,724 | +€57,514 | +84.3% |
| Financial income | 75/76B | €12,148 | €13,789 | +€1,641 | +13.5% |
| Recurring financial income | 75 | €12,148 | €13,789 | +€1,641 | +13.5% |
| Financial charges | 65/66B | €11,740 | €21,826 | +€10,086 | +85.9% |
| Recurring financial charges | 65 | €11,740 | €21,826 | +€10,086 | +85.9% |
| Profit (loss) for the period before taxes | 9903 | €68,618 | €117,687 | +€49,069 | +71.5% |
| Income taxes | 67/77 | €21,919 | €18,970 | -€2,949 | -13.5% |
| Profit (loss) for the period | 9904 | €46,700 | €98,718 | +€52,018 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €46,700 | €98,718 | +€52,018 | +111% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.