TE Solutions: 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.
TE Solutions
Largest movements
- Stocks and contracts +€16,914
new in 2024: €16,914
of which Contracts in progress: +€12,489
- Deferred charges and accrued income +€15,536
new in 2024: €15,536
- Receivables within one year -€7,763
down €7,763 (-80.1%), from €9,691 to €1,928
of which Other amounts receivable: -€4,505
- Cash -€1,767
down €1,767 (-62.8%), from €2,813 to €1,046
mainly Stocks and contracts (-€16,914) and Deferred charges and accrued income (-€15,536)
- Other debts +€21,950
up €21,950 (+364.2%), from €6,027 to €27,977
- Trade debts +€536
up €536 (+21.1%), from €2,540 to €3,076
- Tax, wage and social debts +€485
up €485 (+22.5%), from €2,158 to €2,642
- Gross operating margin -€6,684
down €6,684 (-55.6%), from €12,027 to €5,343
- Depreciation +€1,941
up €1,941 (+93748.8%), from €2 to €1,943
- Taxes -€1,780
down €1,780 (-82.5%), from €2,158 to €378
- Financial charges +€1,679
up €1,679 (+314.5%), from €534 to €2,214
- Other operating charges -€254
down €254 (-30.9%), from €821 to €567
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 | €19,753 | €43,067 | +€23,315 | +118.0% |
| Fixed assets | 21/28 | €7,248 | €7,642 | +€394 | +5.4% |
| Tangible fixed assets | 22/27 | €7,248 | €7,642 | +€394 | +5.4% |
| Plant, machinery and equipment | 23 | €7,248 | €7,642 | +€394 | +5.4% |
| Current assets | 29/58 | €12,505 | €35,425 | +€22,921 | +183.3% |
| Stocks and contracts in progress | 3 | - | €16,914 | +€16,914 | |
| Stocks | 30/36 | - | €4,425 | +€4,425 | |
| Contracts in progress | 37 | - | €12,489 | +€12,489 | |
| Amounts receivable within one year | 40/41 | €9,691 | €1,928 | -€7,763 | -80.1% |
| Trade receivables | 40 | €4,792 | €1,534 | -€3,258 | -68.0% |
| Other amounts receivable | 41 | €4,900 | €395 | -€4,505 | -91.9% |
| Cash at bank and in hand | 54/58 | €2,813 | €1,046 | -€1,767 | -62.8% |
| Deferred charges and accrued income | 490/1 | - | €15,536 | +€15,536 | |
| Total equity and liabilities | 10/49 | €19,753 | €43,067 | +€23,315 | +118.0% |
| Equity | 10/15 | €9,028 | €9,373 | +€344 | +3.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €8,528 | €8,873 | +€344 | +4.0% |
| Distributable reserves | 133 | €8,528 | €8,873 | +€344 | +4.0% |
| Amounts payable | 17/49 | €10,724 | €33,695 | +€22,971 | +214.2% |
| Amounts payable within one year | 42/48 | €10,724 | €33,695 | +€22,971 | +214.2% |
| Trade debts | 44 | €2,540 | €3,076 | +€536 | +21.1% |
| Suppliers | 440/4 | €2,540 | €3,076 | +€536 | +21.1% |
| Taxes, remuneration and social security | 45 | €2,158 | €2,642 | +€485 | +22.5% |
| Taxes | 450/3 | €2,158 | €2,642 | +€485 | +22.5% |
| Other amounts payable | 47/48 | €6,027 | €27,977 | +€21,950 | +364.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2 | €1,943 | +€1,941 | +93748.8% |
| Other operating charges | 640/8 | €821 | €567 | -€254 | -30.9% |
| Gross operating margin | 9900 | €12,027 | €5,343 | -€6,684 | -55.6% |
| Operating profit (loss) | 9901 | €11,204 | €2,833 | -€8,371 | -74.7% |
| Financial income | 75/76B | €16 | €102 | +€86 | +543.4% |
| Recurring financial income | 75 | €16 | €102 | +€86 | +543.4% |
| Financial charges | 65/66B | €534 | €2,214 | +€1,679 | +314.5% |
| Recurring financial charges | 65 | €534 | €2,214 | +€1,679 | +314.5% |
| Profit (loss) for the period before taxes | 9903 | €10,686 | €722 | -€9,964 | -93.2% |
| Income taxes | 67/77 | €2,158 | €378 | -€1,780 | -82.5% |
| Profit (loss) for the period | 9904 | €8,528 | €344 | -€8,184 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,528 | €344 | -€8,184 | -96.0% |
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 30 September 2026 via checked.be.