TEBECO: 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.
TEBECO
Largest movements
- Tangible fixed assets +€38,224
new in 2025: €38,224
of which Leasing and similar rights: +€35,781
- Receivables within one year +€12,962
up €12,962 (+27.7%), from €46,864 to €59,825
of which Other amounts receivable: +€13,325
- Cash -€11,193
down €11,193 (-32.9%), from €34,070 to €22,877
mainly Investment in fixed assets (net) (-€43,056) and Contributions, distributions and other (-€35,294)
- Deferred charges and accrued income +€2,761
up €2,761 (+311.6%), from €886 to €3,647
- Profit (loss) carried forward +€28,341
up €28,341 (+38.5%), from €73,640 to €101,981
- Other debts +€10,033
up €10,033 (+44.0%), from €22,801 to €32,833
- Debts after one year +€6,280
up €6,280 (+18.8%), from €33,390 to €39,670
- Accrued charges and deferred income +€4,756
up €4,756 (+2700.1%), from €176 to €4,932
- Current portion of long-term debt -€3,645
down €3,645 (-14.6%), from €24,993 to €21,348
- Gross operating margin -€26,511
down €26,511 (-27.3%), from €97,145 to €70,634
- Financial income +€21,100
new in 2025: €21,100
- Taxes -€7,250
down €7,250 (-30.2%), from €24,025 to €16,775
- Other operating charges +€4,721
up €4,721 (+578.5%), from €816 to €5,538
- Financial charges -€2,247
down €2,247 (-70.2%), from €3,202 to €954
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 | €202,084 | €244,837 | +€42,753 | +21.2% |
| Fixed assets | 21/28 | €120,264 | €158,488 | +€38,224 | +31.8% |
| Tangible fixed assets | 22/27 | - | €38,224 | +€38,224 | |
| Furniture and vehicles | 24 | - | €2,443 | +€2,443 | |
| Leasing and similar rights | 25 | - | €35,781 | +€35,781 | |
| Financial fixed assets | 28 | €120,264 | €120,264 | = | 0.0% |
| Current assets | 29/58 | €81,820 | €86,349 | +€4,530 | +5.5% |
| Amounts receivable within one year | 40/41 | €46,864 | €59,825 | +€12,962 | +27.7% |
| Trade receivables | 40 | €46,864 | €46,500 | -€364 | -0.8% |
| Other amounts receivable | 41 | - | €13,325 | +€13,325 | |
| Cash at bank and in hand | 54/58 | €34,070 | €22,877 | -€11,193 | -32.9% |
| Deferred charges and accrued income | 490/1 | €886 | €3,647 | +€2,761 | +311.6% |
| Total equity and liabilities | 10/49 | €202,084 | €244,837 | +€42,753 | +21.2% |
| Equity | 10/15 | €108,640 | €136,981 | +€28,341 | +26.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,640 | €101,981 | +€28,341 | +38.5% |
| Amounts payable | 17/49 | €93,444 | €107,856 | +€14,412 | +15.4% |
| Amounts payable after more than one year | 17 | €33,390 | €39,670 | +€6,280 | +18.8% |
| Financial debts | 170/4 | €33,390 | €39,670 | +€6,280 | +18.8% |
| Amounts payable within one year | 42/48 | €59,878 | €63,255 | +€3,377 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €24,993 | €21,348 | -€3,645 | -14.6% |
| Trade debts | 44 | €2,776 | €1,924 | -€853 | -30.7% |
| Suppliers | 440/4 | €2,776 | €1,924 | -€853 | -30.7% |
| Taxes, remuneration and social security | 45 | €9,308 | €7,150 | -€2,158 | -23.2% |
| Taxes | 450/3 | €6,978 | €7,150 | +€172 | +2.5% |
| Remuneration and social security | 454/9 | €2,330 | - | -€2,330 | |
| Other amounts payable | 47/48 | €22,801 | €32,833 | +€10,033 | +44.0% |
| Accrued charges and deferred income | 492/3 | €176 | €4,932 | +€4,756 | +2700.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,267 | €4,832 | -€1,434 | -22.9% |
| Other operating charges | 640/8 | €816 | €5,538 | +€4,721 | +578.5% |
| Gross operating margin | 9900 | €97,145 | €70,634 | -€26,511 | -27.3% |
| Operating profit (loss) | 9901 | €90,062 | €60,264 | -€29,798 | -33.1% |
| Financial income | 75/76B | - | €21,100 | +€21,100 | |
| Recurring financial income | 75 | - | €21,100 | +€21,100 | |
| Financial charges | 65/66B | €3,202 | €954 | -€2,247 | -70.2% |
| Recurring financial charges | 65 | €3,202 | €954 | -€2,247 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | €86,860 | €80,410 | -€6,450 | -7.4% |
| Income taxes | 67/77 | €24,025 | €16,775 | -€7,250 | -30.2% |
| Profit (loss) for the period | 9904 | €62,835 | €63,635 | +€800 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,835 | €63,635 | +€800 | +1.3% |
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 8 October 2026 via checked.be.