TAEC – Technical Assistance Engineering & Consultancy: 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.
TAEC – Technical Assistance Engineering & Consultancy
Largest movements
- Receivables within one year -€13,720
down €13,720 (-29.0%), from €47,389 to €33,669
of which Trade receivables: -€16,388
- Tangible fixed assets -€2,189
down €2,189 (-17.9%), from €12,257 to €10,068
of which Other tangible fixed assets: -€1,524
- Cash +€734
up €734 (+6.1%), from €12,012 to €12,746
mainly Receivables within one year (+€13,720) and Trade debts (+€5,245)
- Profit (loss) carried forward -€15,197
down €15,197 (-64.9%), from €23,430 to €8,233
- Trade debts +€5,245
up €5,245 (+128%), from €4,090 to €9,336
- Tax, wage and social debts -€5,224
down €5,224 (-20.5%), from €25,538 to €20,314
- Gross operating margin -€19,412
down €19,412, from €16,693 to -€2,719
- Taxes +€716
up €716 (+9.7%), from €7,382 to €8,098
- Other operating charges +€616
up €616 (+308%), from €200 to €816
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 | €71,658 | €56,483 | -€15,176 | -21.2% |
| Fixed assets | 21/28 | €12,257 | €10,068 | -€2,189 | -17.9% |
| Tangible fixed assets | 22/27 | €12,257 | €10,068 | -€2,189 | -17.9% |
| Plant, machinery and equipment | 23 | €873 | €431 | -€443 | -50.7% |
| Furniture and vehicles | 24 | €225 | €2 | -€223 | -99.2% |
| Other tangible fixed assets | 26 | €11,159 | €9,635 | -€1,524 | -13.7% |
| Current assets | 29/58 | €59,402 | €46,415 | -€12,986 | -21.9% |
| Amounts receivable within one year | 40/41 | €47,389 | €33,669 | -€13,720 | -29.0% |
| Trade receivables | 40 | €45,775 | €29,387 | -€16,388 | -35.8% |
| Other amounts receivable | 41 | €1,615 | €4,283 | +€2,668 | +165% |
| Cash at bank and in hand | 54/58 | €12,012 | €12,746 | +€734 | +6.1% |
| Total equity and liabilities | 10/49 | €71,658 | €56,483 | -€15,176 | -21.2% |
| Equity | 10/15 | €42,030 | €26,833 | -€15,197 | -36.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,430 | €8,233 | -€15,197 | -64.9% |
| Amounts payable | 17/49 | €29,628 | €29,649 | +€21 | +0.1% |
| Amounts payable within one year | 42/48 | €29,628 | €29,649 | +€21 | +0.1% |
| Trade debts | 44 | €4,090 | €9,336 | +€5,245 | +128% |
| Suppliers | 440/4 | €4,090 | €9,336 | +€5,245 | +128% |
| Taxes, remuneration and social security | 45 | €25,538 | €20,314 | -€5,224 | -20.5% |
| Taxes | 450/3 | €25,538 | €20,314 | -€5,224 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,060 | €2,189 | +€129 | +6.3% |
| Other operating charges | 640/8 | €200 | €816 | +€616 | +308% |
| Gross operating margin | 9900 | €16,693 | -€2,719 | -€19,412 | |
| Operating profit (loss) | 9901 | €14,433 | -€5,724 | -€20,156 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,487 | €1,375 | -€112 | -7.5% |
| Recurring financial charges | 65 | €1,487 | €1,375 | -€112 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €12,946 | -€7,098 | -€20,044 | |
| Income taxes | 67/77 | €7,382 | €8,098 | +€716 | +9.7% |
| Profit (loss) for the period | 9904 | €5,564 | -€15,197 | -€20,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,564 | -€15,197 | -€20,760 |
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 16 October 2026 via checked.be.