TEC CONSTRUCT: 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.
TEC CONSTRUCT
Largest movements
- Receivables within one year +€74,250
up €74,250 (+21.3%), from €348,205 to €422,454
of which Trade receivables: +€67,929
- Tangible fixed assets -€36,294
down €36,294 (-21.3%), from €170,038 to €133,743
of which Leasing and similar rights: -€24,829
- Stocks and contracts -€34,228
down €34,228 (-44.6%), from €76,773 to €42,545
of which Stocks: -€21,064
- Cash -€21,391
down €21,391 (-25.3%), from €84,424 to €63,033
mainly Receivables within one year (-€74,250) and Trade debts (-€31,097)
- Trade debts -€31,097
down €31,097 (-10.1%), from €308,048 to €276,951
- Profit (loss) carried forward +€24,901
up €24,901 (+14.1%), from €175,999 to €200,899
- Debts after one year -€22,765
down €22,765 (-22.0%), from €103,592 to €80,827
- Investment grants +€12,620
new in 2024: €12,620
- Gross operating margin -€30,223
down €30,223 (-20.5%), from €147,674 to €117,451
- Other operating charges -€13,664
down €13,664 (-97.3%), from €14,047 to €383
- Taxes -€6,258
down €6,258 (-34.6%), from €18,084 to €11,825
- Financial income +€5,753
up €5,753 (+19177933.3%), from €0 to €5,753
- Write-downs -€5,420
no longer reported in 2024 (was €5,420)
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 | €690,056 | €671,851 | -€18,205 | -2.6% |
| Fixed assets | 21/28 | €176,088 | €139,793 | -€36,294 | -20.6% |
| Tangible fixed assets | 22/27 | €170,038 | €133,743 | -€36,294 | -21.3% |
| Plant, machinery and equipment | 23 | €8,650 | €6,610 | -€2,040 | -23.6% |
| Furniture and vehicles | 24 | €16,083 | €6,658 | -€9,426 | -58.6% |
| Leasing and similar rights | 25 | €145,304 | €120,475 | -€24,829 | -17.1% |
| Financial fixed assets | 28 | €6,050 | €6,050 | = | 0.0% |
| Current assets | 29/58 | €513,969 | €532,057 | +€18,089 | +3.5% |
| Stocks and contracts in progress | 3 | €76,773 | €42,545 | -€34,228 | -44.6% |
| Stocks | 30/36 | €63,609 | €42,545 | -€21,064 | -33.1% |
| Contracts in progress | 37 | €13,164 | €0 | -€13,164 | -100.0% |
| Amounts receivable within one year | 40/41 | €348,205 | €422,454 | +€74,250 | +21.3% |
| Trade receivables | 40 | €260,655 | €328,585 | +€67,929 | +26.1% |
| Other amounts receivable | 41 | €87,549 | €93,870 | +€6,320 | +7.2% |
| Cash at bank and in hand | 54/58 | €84,424 | €63,033 | -€21,391 | -25.3% |
| Deferred charges and accrued income | 490/1 | €4,567 | €4,025 | -€542 | -11.9% |
| Total equity and liabilities | 10/49 | €690,056 | €671,851 | -€18,205 | -2.6% |
| Equity | 10/15 | €199,559 | €237,079 | +€37,521 | +18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,360 | €17,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,500 | €15,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,999 | €200,899 | +€24,901 | +14.1% |
| Investment grants | 15 | - | €12,620 | +€12,620 | |
| Amounts payable | 17/49 | €490,498 | €434,771 | -€55,726 | -11.4% |
| Amounts payable after more than one year | 17 | €103,592 | €80,827 | -€22,765 | -22.0% |
| Financial debts | 170/4 | €103,592 | €80,827 | -€22,765 | -22.0% |
| Amounts payable within one year | 42/48 | €386,905 | €353,944 | -€32,961 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €28,670 | €28,907 | +€236 | +0.8% |
| Trade debts | 44 | €308,048 | €276,951 | -€31,097 | -10.1% |
| Suppliers | 440/4 | €308,048 | €276,951 | -€31,097 | -10.1% |
| Taxes, remuneration and social security | 45 | €15,187 | €18,086 | +€2,900 | +19.1% |
| Taxes | 450/3 | €12,140 | €18,086 | +€5,946 | +49.0% |
| Remuneration and social security | 454/9 | €3,047 | - | -€3,047 | |
| Other amounts payable | 47/48 | €35,000 | €30,000 | -€5,000 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,241 | €38,549 | +€1,307 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,420 | - | -€5,420 | |
| Other operating charges | 640/8 | €14,047 | €383 | -€13,664 | -97.3% |
| Gross operating margin | 9900 | €147,674 | €117,451 | -€30,223 | -20.5% |
| Operating profit (loss) | 9901 | €90,966 | €78,519 | -€12,447 | -13.7% |
| Financial income | 75/76B | €0 | €5,753 | +€5,753 | +19177933.3% |
| Recurring financial income | 75 | €0 | €5,753 | +€5,753 | +19177933.3% |
| Financial charges | 65/66B | €16,548 | €17,547 | +€998 | +6.0% |
| Recurring financial charges | 65 | €16,548 | €17,547 | +€998 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €74,418 | €66,726 | -€7,692 | -10.3% |
| Income taxes | 67/77 | €18,084 | €11,825 | -€6,258 | -34.6% |
| Profit (loss) for the period | 9904 | €56,334 | €54,901 | -€1,433 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,334 | €54,901 | -€1,433 | -2.5% |
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 8 October 2026 via checked.be.