Tec'Art Build: 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.
Tec'Art Build
Largest movements
- Receivables within one year +€68,032
up €68,032 (+55.9%), from €121,634 to €189,666
of which Trade receivables: +€101,764
- Cash -€56,922
no longer reported in 2025 (was €56,922)
mainly Receivables within one year (-€68,032) and Tax, wage and social debts (-€6,410)
- Tangible fixed assets -€9,703
down €9,703 (-33.3%), from €29,128 to €19,426
of which Furniture and vehicles: -€9,826
- Short-term financial debts +€8,762
new in 2025: €8,762
- Tax, wage and social debts -€6,410
down €6,410 (-19.2%), from €33,422 to €27,012
of which Remuneration and social security: -€4,900
- Reserves +€6,159
up €6,159 (+9.6%), from €64,337 to €70,496
- Trade debts -€4,000
down €4,000 (-7.9%), from €50,381 to €46,382
- Gross operating margin -€72,264
down €72,264 (-75.6%), from €95,641 to €23,378
- Taxes -€21,279
down €21,279 (-88.6%), from €24,020 to €2,741
- Depreciation +€6,206
up €6,206 (+127%), from €4,902 to €11,108
- Financial charges -€1,580
down €1,580 (-54.1%), from €2,919 to €1,340
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 | €207,743 | €209,520 | +€1,778 | +0.9% |
| Fixed assets | 21/28 | €29,128 | €19,426 | -€9,703 | -33.3% |
| Tangible fixed assets | 22/27 | €29,128 | €19,426 | -€9,703 | -33.3% |
| Plant, machinery and equipment | 23 | €2,687 | €2,810 | +€123 | +4.6% |
| Furniture and vehicles | 24 | €26,442 | €16,616 | -€9,826 | -37.2% |
| Current assets | 29/58 | €178,614 | €190,095 | +€11,480 | +6.4% |
| Amounts receivable within one year | 40/41 | €121,634 | €189,666 | +€68,032 | +55.9% |
| Trade receivables | 40 | €67,750 | €169,514 | +€101,764 | +150% |
| Other amounts receivable | 41 | €53,884 | €20,152 | -€33,732 | -62.6% |
| Cash at bank and in hand | 54/58 | €56,922 | - | -€56,922 | |
| Deferred charges and accrued income | 490/1 | €59 | €429 | +€370 | +631% |
| Total equity and liabilities | 10/49 | €207,743 | €209,520 | +€1,778 | +0.9% |
| Equity | 10/15 | €122,039 | €127,365 | +€5,326 | +4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €64,337 | €70,496 | +€6,159 | +9.6% |
| Distributable reserves | 133 | €64,337 | €70,496 | +€6,159 | +9.6% |
| Profit (loss) carried forward | 14 | €45,302 | €44,469 | -€833 | -1.8% |
| Amounts payable | 17/49 | €85,703 | €82,155 | -€3,548 | -4.1% |
| Amounts payable within one year | 42/48 | €85,703 | €82,155 | -€3,548 | -4.1% |
| Financial debts | 43 | - | €8,762 | +€8,762 | |
| Credit institutions | 430/8 | - | €8,762 | +€8,762 | |
| Trade debts | 44 | €50,381 | €46,382 | -€4,000 | -7.9% |
| Suppliers | 440/4 | €50,381 | €46,382 | -€4,000 | -7.9% |
| Taxes, remuneration and social security | 45 | €33,422 | €27,012 | -€6,410 | -19.2% |
| Taxes | 450/3 | €28,522 | €27,012 | -€1,510 | -5.3% |
| Remuneration and social security | 454/9 | €4,900 | - | -€4,900 | |
| Other amounts payable | 47/48 | €1,900 | - | -€1,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,902 | €11,108 | +€6,206 | +127% |
| Other operating charges | 640/8 | €1,323 | €2,032 | +€709 | +53.6% |
| Gross operating margin | 9900 | €95,641 | €23,378 | -€72,264 | -75.6% |
| Operating profit (loss) | 9901 | €89,417 | €10,238 | -€79,179 | -88.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,919 | €1,340 | -€1,580 | -54.1% |
| Recurring financial charges | 65 | €2,919 | €1,340 | -€1,580 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €86,498 | €8,900 | -€77,598 | -89.7% |
| Income taxes | 67/77 | €24,020 | €2,741 | -€21,279 | -88.6% |
| Profit (loss) for the period | 9904 | €62,477 | €6,159 | -€56,319 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,477 | €6,159 | -€56,319 | -90.1% |
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 15 October 2026 via checked.be.