TEC DESIGN: 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 DESIGN
Largest movements
- Cash -€33,006
down €33,006 (-63.8%), from €51,748 to €18,742
mainly Tax, wage and social debts (-€28,819) and Current portion of long-term debt (-€22,990)
- Tangible fixed assets -€10,827
down €10,827 (-5.3%), from €204,268 to €193,442
of which Land and buildings: -€6,413
- Stocks and contracts +€10,000
new in 2025: €10,000
- Tax, wage and social debts -€28,819
down €28,819 (-85.8%), from €33,570 to €4,751
of which Taxes: -€29,117
- Current portion of long-term debt -€22,990
down €22,990 (-100.0%), from €22,990 to €0
- Trade debts +€13,244
up €13,244 (+10.9%), from €121,187 to €134,431
- Gross operating margin -€47,769
down €47,769 (-54.1%), from €88,295 to €40,526
- Financial income +€7,903
up €7,903 (+576.3%), from €1,371 to €9,275
- Depreciation -€5,111
down €5,111 (-29.9%), from €17,065 to €11,954
- Taxes -€3,650
down €3,650 (-47.6%), from €7,673 to €4,023
- Other operating charges -€2,085
down €2,085 (-17.6%), from €11,861 to €9,776
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 | €689,284 | €654,336 | -€34,948 | -5.1% |
| Fixed assets | 21/28 | €217,348 | €206,522 | -€10,827 | -5.0% |
| Tangible fixed assets | 22/27 | €204,268 | €193,442 | -€10,827 | -5.3% |
| Land and buildings | 22 | €193,548 | €187,136 | -€6,413 | -3.3% |
| Plant, machinery and equipment | 23 | €3,719 | €3,816 | +€97 | +2.6% |
| Furniture and vehicles | 24 | €7,001 | €2,490 | -€4,511 | -64.4% |
| Financial fixed assets | 28 | €13,080 | €13,080 | = | 0.0% |
| Current assets | 29/58 | €471,936 | €447,815 | -€24,121 | -5.1% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Stocks | 30/36 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €415,187 | €411,574 | -€3,613 | -0.9% |
| Trade receivables | 40 | €376,809 | €322,170 | -€54,638 | -14.5% |
| Other amounts receivable | 41 | €38,379 | €89,404 | +€51,025 | +133.0% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,748 | €18,742 | -€33,006 | -63.8% |
| Deferred charges and accrued income | 490/1 | €0 | €2,498 | +€2,498 | |
| Total equity and liabilities | 10/49 | €689,284 | €654,336 | -€34,948 | -5.1% |
| Equity | 10/15 | €295,144 | €297,609 | +€2,465 | +0.8% |
| Contributions | 10/11 | €12,900 | €12,900 | = | 0.0% |
| Reserves | 13 | €282,244 | €284,709 | +€2,465 | +0.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €280,384 | €282,849 | +€2,465 | +0.9% |
| Amounts payable | 17/49 | €394,140 | €356,727 | -€37,412 | -9.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €394,140 | €356,727 | -€37,412 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €22,990 | €0 | -€22,990 | -100.0% |
| Financial debts | 43 | €216,392 | €217,545 | +€1,154 | +0.5% |
| Credit institutions | 430/8 | €216,392 | €217,545 | +€1,154 | +0.5% |
| Trade debts | 44 | €121,187 | €134,431 | +€13,244 | +10.9% |
| Suppliers | 440/4 | €121,187 | €134,431 | +€13,244 | +10.9% |
| Taxes, remuneration and social security | 45 | €33,570 | €4,751 | -€28,819 | -85.8% |
| Taxes | 450/3 | €32,382 | €3,265 | -€29,117 | -89.9% |
| Remuneration and social security | 454/9 | €1,188 | €1,487 | +€298 | +25.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,065 | €11,954 | -€5,111 | -29.9% |
| Other operating charges | 640/8 | €11,861 | €9,776 | -€2,085 | -17.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €88,295 | €40,526 | -€47,769 | -54.1% |
| Operating profit (loss) | 9901 | €59,369 | €18,796 | -€40,573 | -68.3% |
| Financial income | 75/76B | €1,371 | €9,275 | +€7,903 | +576.3% |
| Recurring financial income | 75 | €1,371 | €9,275 | +€7,903 | +576.3% |
| Financial charges | 65/66B | €20,420 | €21,582 | +€1,163 | +5.7% |
| Recurring financial charges | 65 | €20,420 | €21,582 | +€1,163 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €40,321 | €6,488 | -€33,833 | -83.9% |
| Income taxes | 67/77 | €7,673 | €4,023 | -€3,650 | -47.6% |
| Profit (loss) for the period | 9904 | €32,647 | €2,465 | -€30,183 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,647 | €2,465 | -€30,183 | -92.5% |
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.