TEC DEUX: 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 DEUX
Largest movements
- Stocks and contracts -€327,989
down €327,989 (-92.9%), from €352,989 to €25,000
- Tangible fixed assets +€312,412
new in 2025: €312,412
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Cash +€108,011
up €108,011 (+874.6%), from €12,350 to €120,361
mainly Stocks and contracts (+€327,989) and Current investments (+€150,000)
- Receivables within one year +€10,314
up €10,314 (+79.9%), from €12,905 to €23,219
of which Other amounts receivable: +€8,534
- Reserves -€51,547
down €51,547 (-7.8%), from €661,669 to €610,122
of which Distributable reserves: -€51,547
- Gross operating margin +€105,198
up €105,198 (+70.2%), from -€149,890 to -€44,692
- Depreciation +€9,487
new in 2025: €9,487
- Financial income -€6,344
down €6,344 (-55.7%), from €11,389 to €5,045
- Financial charges -€2,174
down €2,174 (-85.8%), from €2,533 to €359
- Other operating charges +€1,552
up €1,552 (+308.8%), from €502 to €2,054
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 | €793,654 | €741,634 | -€52,020 | -6.6% |
| Fixed assets | 21/28 | - | €312,412 | +€312,412 | |
| Tangible fixed assets | 22/27 | - | €312,412 | +€312,412 | |
| Land and buildings | 22 | - | €312,412 | +€312,412 | |
| Current assets | 29/58 | €793,654 | €429,222 | -€364,431 | -45.9% |
| Amounts receivable after more than one year | 29 | €265,409 | €260,643 | -€4,767 | -1.8% |
| Other amounts receivable | 291 | €265,409 | €260,643 | -€4,767 | -1.8% |
| Stocks and contracts in progress | 3 | €352,989 | €25,000 | -€327,989 | -92.9% |
| Stocks | 30/36 | €352,989 | €25,000 | -€327,989 | -92.9% |
| Amounts receivable within one year | 40/41 | €12,905 | €23,219 | +€10,314 | +79.9% |
| Trade receivables | 40 | - | €1,779 | +€1,779 | |
| Other amounts receivable | 41 | €12,905 | €21,440 | +€8,534 | +66.1% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,350 | €120,361 | +€108,011 | +874.6% |
| Total equity and liabilities | 10/49 | €793,654 | €741,634 | -€52,020 | -6.6% |
| Equity | 10/15 | €791,972 | €740,425 | -€51,547 | -6.5% |
| Contributions | 10/11 | €130,303 | €130,303 | = | 0.0% |
| Reserves | 13 | €661,669 | €610,122 | -€51,547 | -7.8% |
| Tax-exempt reserves | 132 | €23,975 | €23,975 | = | 0.0% |
| Distributable reserves | 133 | €637,694 | €586,147 | -€51,547 | -8.1% |
| Amounts payable | 17/49 | €1,681 | €1,209 | -€472 | -28.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,681 | €1,209 | -€472 | -28.1% |
| Trade debts | 44 | €281 | €309 | +€28 | +9.8% |
| Suppliers | 440/4 | €281 | €309 | +€28 | +9.8% |
| Taxes, remuneration and social security | 45 | €1,400 | €900 | -€500 | -35.7% |
| Taxes | 450/3 | €900 | €900 | = | 0.0% |
| Remuneration and social security | 454/9 | €500 | €0 | -€500 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,487 | +€9,487 | |
| Other operating charges | 640/8 | €502 | €2,054 | +€1,552 | +308.8% |
| Gross operating margin | 9900 | -€149,890 | -€44,692 | +€105,198 | +70.2% |
| Operating profit (loss) | 9901 | -€150,393 | -€56,233 | +€94,160 | +62.6% |
| Financial income | 75/76B | €11,389 | €5,045 | -€6,344 | -55.7% |
| Recurring financial income | 75 | €11,389 | €5,045 | -€6,344 | -55.7% |
| Financial charges | 65/66B | €2,533 | €359 | -€2,174 | -85.8% |
| Recurring financial charges | 65 | €2,533 | €359 | -€2,174 | -85.8% |
| Profit (loss) for the period before taxes | 9903 | -€141,537 | -€51,547 | +€89,990 | +63.6% |
| Profit (loss) for the period | 9904 | -€141,537 | -€51,547 | +€89,990 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€141,537 | -€51,547 | +€89,990 | +63.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.