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.
What changed
TEC
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€758,972
2024 · -€859,475+€1.6m
Equity
€3.6m
2024 · €2.8m+€758,972
Cash
€1.3m
2024 · €230,385+€1.1m
Balance sheet total
€9.2m
2024 · €8.0m+€1.2m
Largest movements
Assets
- Cash +€1.1m
up €1.1m (+458.2%), from €230,385 to €1.3m
mainly Net result for the year (+€758,972) and Depreciation (+€482,578)
- Receivables within one year +€573,344
up €573,344 (+8.6%), from €6.7m to €7.2m
of which Other amounts receivable: +€2.3m
- Intangible fixed assets -€294,328
down €294,328 (-43.4%), from €677,540 to €383,212
- Tangible fixed assets -€104,060
down €104,060 (-31.9%), from €325,872 to €221,812
Equity and liabilities
- Profit (loss) carried forward +€758,972
up €758,972, from -€268,930 to €490,042
- Trade debts +€365,737
up €365,737 (+16.7%), from €2.2m to €2.6m
- Other debts -€234,005
no longer reported in 2025 (was €234,005)
- Accrued charges and deferred income +€160,026
up €160,026 (+303.0%), from €52,821 to €212,848
- Tax, wage and social debts +€152,690
up €152,690 (+5.7%), from €2.7m to €2.8m
of which Taxes: +€682,602
Income statement
- Turnover -€2.6m
down €2.6m (-6.3%), from €41.2m to €38.6m
- Staff costs -€1.9m
down €1.9m (-9.7%), from €19.3m to €17.4m
- Goods and materials -€1.4m
down €1.4m (-8.1%), from €16.7m to €15.3m
- Services and other goods -€748,930
down €748,930 (-14.7%), from €5.1m to €4.4m
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.
Result 2024
-€859,475
Turnover
-€2.6m
Other operating income
+€314,509
Goods and materials
+€1.4m
Services and other goods
+€748,930
Staff costs
+€1.9m
Depreciation
+€138,580
Write-downs
+€3,743
Other operating charges
-€70,415
Other operating items
+€862
Financial income
+€5,035
Financial charges
+€40,538
Taxes
-€195,988
Result 2025
€758,972
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.
From operations
+€1.2m
Investment
-€102,857
Financing
€0
Cash 2024
€230,385
From operations (derived)
+€1.2m
Net result for the year
+€758,972
Depreciation
+€482,578
Receivables within one year
-€573,344
Deferred charges and accrued income
+€45,723
Trade debts
+€365,737
Tax, wage and social debts
+€152,690
Other debts
-€234,005
Accrued charges and deferred income
+€160,026
Investment (derived)
-€102,857
Investment in fixed assets (net)
-€102,857
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,996,740 | €9,200,160 | +€1.2m | +15.0% |
| Fixed assets | 21/28 | €1,020,568 | €640,848 | -€379,720 | -37.2% |
| Intangible fixed assets | 21 | €677,540 | €383,212 | -€294,328 | -43.4% |
| Tangible fixed assets | 22/27 | €325,872 | €221,812 | -€104,060 | -31.9% |
| Plant, machinery and equipment | 23 | €156,809 | €120,927 | -€35,882 | -22.9% |
| Furniture and vehicles | 24 | €107,785 | €83,808 | -€23,977 | -22.2% |
| Other tangible fixed assets | 26 | €61,278 | €17,078 | -€44,201 | -72.1% |
| Financial fixed assets | 28 | €17,156 | €35,823 | +€18,667 | +108.8% |
| Other financial fixed assets | 284/8 | €17,156 | €35,823 | +€18,667 | +108.8% |
| Amounts receivable and cash guarantees | 285/8 | €17,156 | €35,823 | +€18,667 | +108.8% |
| Current assets | 29/58 | €6,976,172 | €8,559,313 | +€1.6m | +22.7% |
| Amounts receivable within one year | 40/41 | €6,657,487 | €7,230,831 | +€573,344 | +8.6% |
| Trade receivables | 40 | €5,375,319 | €3,645,488 | -€1.7m | -32.2% |
| Other amounts receivable | 41 | €1,282,168 | €3,585,343 | +€2.3m | +179.6% |
| Cash at bank and in hand | 54/58 | €230,385 | €1,285,905 | +€1.1m | +458.2% |
| Deferred charges and accrued income | 490/1 | €88,299 | €42,576 | -€45,723 | -51.8% |
| Total equity and liabilities | 10/49 | €7,996,740 | €9,200,160 | +€1.2m | +15.0% |
| Equity | 10/15 | €2,829,500 | €3,588,471 | +€758,972 | +26.8% |
| Contributions | 10/11 | €174,000 | €174,000 | = | 0.0% |
| Capital | 10 | €169,900 | €169,900 | = | 0.0% |
| Issued capital | 100 | €169,900 | €169,900 | = | 0.0% |
| Outside capital | 11 | €4,100 | €4,100 | = | 0.0% |
| Share premium | 1100/10 | €4,100 | €4,100 | = | 0.0% |
| Reserves | 13 | €2,924,430 | €2,924,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | €76,615 | €76,615 | = | 0.0% |
| Legal reserve | 130 | €17,400 | €17,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €59,215 | €59,215 | = | 0.0% |
| Distributable reserves | 133 | €2,847,815 | €2,847,815 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€268,930 | €490,042 | +€758,972 | |
| Amounts payable | 17/49 | €5,167,240 | €5,611,689 | +€444,449 | +8.6% |
| Amounts payable within one year | 42/48 | €5,114,419 | €5,398,841 | +€284,423 | +5.6% |
| Trade debts | 44 | €2,193,896 | €2,559,633 | +€365,737 | +16.7% |
| Suppliers | 440/4 | €2,193,896 | €2,559,633 | +€365,737 | +16.7% |
| Taxes, remuneration and social security | 45 | €2,686,518 | €2,839,209 | +€152,690 | +5.7% |
| Taxes | 450/3 | €411,248 | €1,093,849 | +€682,602 | +166.0% |
| Remuneration and social security | 454/9 | €2,275,271 | €1,745,359 | -€529,911 | -23.3% |
| Other amounts payable | 47/48 | €234,005 | - | -€234,005 | |
| Accrued charges and deferred income | 492/3 | €52,821 | €212,848 | +€160,026 | +303.0% |
| Operating income | 70/76A | €41,928,807 | €39,660,929 | -€2.3m | -5.4% |
| Turnover | 70 | €41,171,680 | €38,585,150 | -€2.6m | -6.3% |
| Own construction capitalised | 72 | €66,494 | €69,900 | +€3,407 | +5.1% |
| Other operating income | 74 | €690,633 | €1,005,143 | +€314,509 | +45.5% |
| Non-recurring operating income | 76A | - | €736 | +€736 | |
| Operating charges | 60/66A | €41,913,520 | €37,876,779 | -€4.0m | -9.6% |
| Goods for resale, raw materials and consumables | 60 | €16,693,261 | €15,341,258 | -€1.4m | -8.1% |
| Purchases | 600/8 | €16,693,261 | €15,341,258 | -€1.4m | -8.1% |
| Services and other goods | 61 | €5,100,459 | €4,351,528 | -€748,930 | -14.7% |
| Remuneration, social security and pensions | 62 | €19,262,760 | €17,395,580 | -€1.9m | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €621,158 | €482,578 | -€138,580 | -22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,472 | €729 | -€3,743 | -83.7% |
| Other operating charges | 640/8 | €229,799 | €300,214 | +€70,415 | +30.6% |
| Non-recurring operating charges | 66A | €1,611 | €4,891 | +€3,280 | +203.6% |
| Operating profit (loss) | 9901 | €15,287 | €1,784,150 | +€1.8m | +11571.0% |
| Financial income | 75/76B | €438 | €5,473 | +€5,035 | +1149.2% |
| Recurring financial income | 75 | €438 | €5,473 | +€5,035 | +1149.2% |
| Income from financial fixed assets | 750 | €2 | €4,990 | +€4,988 | +214078.1% |
| Other financial income | 752/9 | €436 | €483 | +€47 | +10.8% |
| Financial charges | 65/66B | €616,253 | €575,715 | -€40,538 | -6.6% |
| Recurring financial charges | 65 | €616,253 | €575,715 | -€40,538 | -6.6% |
| Debt charges | 650 | €342,567 | €380,647 | +€38,080 | +11.1% |
| Other financial charges | 652/9 | €273,685 | €195,068 | -€78,617 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€600,527 | €1,213,908 | +€1.8m | |
| Income taxes | 67/77 | €258,948 | €454,936 | +€195,988 | +75.7% |
| Taxes | 670/3 | €258,948 | €579,936 | +€320,988 | +124.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €125,000 | +€125,000 | |
| Profit (loss) for the period | 9904 | -€859,475 | €758,972 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€859,475 | €758,972 | +€1.6m |
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 2 October 2026 via checked.be.