TB 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.
TB TEC
Largest movements
- Tangible fixed assets -€19,048
down €19,048 (-6.4%), from €299,608 to €280,560
of which Land and buildings: -€10,881
- Stocks and contracts +€14,428
up €14,428 (+277.0%), from €5,209 to €19,637
- Cash -€10,360
down €10,360 (-5.8%), from €177,772 to €167,412
mainly Contributions, distributions and other (-€63,500) and Debts after one year (-€17,874)
- Receivables within one year +€7,690
up €7,690 (+15.8%), from €48,758 to €56,448
- Debts after one year -€17,874
down €17,874 (-9.1%), from €197,209 to €179,335
- Tax, wage and social debts -€17,663
down €17,663 (-43.3%), from €40,829 to €23,166
of which Taxes: -€17,420
- Other debts +€17,452
up €17,452 (+41.2%), from €42,351 to €59,804
- Profit (loss) carried forward +€15,009
up €15,009 (+6.9%), from €216,299 to €231,308
- Trade debts -€5,437
down €5,437 (-28.6%), from €18,996 to €13,559
- Taxes -€2,870
down €2,870 (-12.8%), from €22,435 to €19,564
- Depreciation +€2,730
up €2,730 (+8.6%), from €31,609 to €34,339
- Gross operating margin -€2,582
down €2,582 (-1.7%), from €152,507 to €149,925
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 | €538,904 | €531,046 | -€7,858 | -1.5% |
| Fixed assets | 21/28 | €299,608 | €280,560 | -€19,048 | -6.4% |
| Tangible fixed assets | 22/27 | €299,608 | €280,560 | -€19,048 | -6.4% |
| Land and buildings | 22 | €232,591 | €221,710 | -€10,881 | -4.7% |
| Plant, machinery and equipment | 23 | €13,128 | €9,148 | -€3,980 | -30.3% |
| Furniture and vehicles | 24 | €53,889 | €49,701 | -€4,188 | -7.8% |
| Current assets | 29/58 | €239,296 | €250,486 | +€11,190 | +4.7% |
| Stocks and contracts in progress | 3 | €5,209 | €19,637 | +€14,428 | +277.0% |
| Stocks | 30/36 | €5,209 | €19,637 | +€14,428 | +277.0% |
| Amounts receivable within one year | 40/41 | €48,758 | €56,448 | +€7,690 | +15.8% |
| Trade receivables | 40 | €48,758 | €56,448 | +€7,690 | +15.8% |
| Cash at bank and in hand | 54/58 | €177,772 | €167,412 | -€10,360 | -5.8% |
| Deferred charges and accrued income | 490/1 | €7,558 | €6,989 | -€568 | -7.5% |
| Total equity and liabilities | 10/49 | €538,904 | €531,046 | -€7,858 | -1.5% |
| Equity | 10/15 | €222,299 | €237,308 | +€15,009 | +6.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,299 | €231,308 | +€15,009 | +6.9% |
| Amounts payable | 17/49 | €316,605 | €293,738 | -€22,867 | -7.2% |
| Amounts payable after more than one year | 17 | €197,209 | €179,335 | -€17,874 | -9.1% |
| Financial debts | 170/4 | €197,209 | €179,335 | -€17,874 | -9.1% |
| Amounts payable within one year | 42/48 | €119,396 | €114,402 | -€4,994 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €17,219 | €17,874 | +€654 | +3.8% |
| Trade debts | 44 | €18,996 | €13,559 | -€5,437 | -28.6% |
| Suppliers | 440/4 | €18,996 | €13,559 | -€5,437 | -28.6% |
| Taxes, remuneration and social security | 45 | €40,829 | €23,166 | -€17,663 | -43.3% |
| Taxes | 450/3 | €40,586 | €23,166 | -€17,420 | -42.9% |
| Remuneration and social security | 454/9 | €244 | - | -€244 | |
| Other amounts payable | 47/48 | €42,351 | €59,804 | +€17,452 | +41.2% |
| Remuneration, social security and pensions | 62 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,609 | €34,339 | +€2,730 | +8.6% |
| Other operating charges | 640/8 | €1,941 | €2,000 | +€59 | +3.0% |
| Non-recurring operating charges | 66A | €145 | €5,511 | +€5,366 | +3703.0% |
| Gross operating margin | 9900 | €152,507 | €149,925 | -€2,582 | -1.7% |
| Operating profit (loss) | 9901 | €118,562 | €108,075 | -€10,487 | -8.8% |
| Financial income | 75/76B | €465 | €732 | +€267 | +57.5% |
| Recurring financial income | 75 | €465 | €732 | +€267 | +57.5% |
| Financial charges | 65/66B | €9,914 | €10,733 | +€820 | +8.3% |
| Recurring financial charges | 65 | €9,914 | €10,733 | +€820 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €109,113 | €98,073 | -€11,040 | -10.1% |
| Income taxes | 67/77 | €22,435 | €19,564 | -€2,870 | -12.8% |
| Profit (loss) for the period | 9904 | €86,679 | €78,509 | -€8,169 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,679 | €78,509 | -€8,169 | -9.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.