TEC MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€96,593
down €96,593 (-11.1%), from €871,373 to €774,780
- Receivables within one year -€45,629
down €45,629 (-20.6%), from €221,128 to €175,499
of which Trade receivables: -€23,923
- Tax, wage and social debts -€105,836
down €105,836 (-42.4%), from €249,342 to €143,506
of which Remuneration and social security: -€112,867
- Trade debts -€98,521
down €98,521 (-74.7%), from €131,803 to €33,282
- Accrued charges and deferred income +€90,025
new in 2024: €90,025
- Current portion of long-term debt -€25,538
down €25,538 (-50.6%), from €50,433 to €24,895
- Profit (loss) carried forward -€24,977
down €24,977 (-402.2%), from -€6,209 to -€31,186
- Staff costs -€146,399
down €146,399 (-29.7%), from €493,137 to €346,738
- Other operating charges -€93,806
down €93,806 (-82.9%), from €113,216 to €19,410
- Financial charges +€47,062
up €47,062 (+394.0%), from €11,945 to €59,007
- Gross operating margin +€45,283
up €45,283 (+10.0%), from €453,071 to €498,354
- Depreciation +€11,216
up €11,216 (+13.1%), from €85,885 to €97,100
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 | €1,283,580 | €1,137,085 | -€146,495 | -11.4% |
| Fixed assets | 21/28 | €881,078 | €784,485 | -€96,593 | -11.0% |
| Tangible fixed assets | 22/27 | €871,373 | €774,780 | -€96,593 | -11.1% |
| Land and buildings | 22 | €613,693 | €583,900 | -€29,792 | -4.9% |
| Plant, machinery and equipment | 23 | €119,895 | €71,646 | -€48,249 | -40.2% |
| Furniture and vehicles | 24 | €16,545 | €9,892 | -€6,653 | -40.2% |
| Other tangible fixed assets | 26 | €121,240 | €109,340 | -€11,900 | -9.8% |
| Financial fixed assets | 28 | €9,705 | €9,705 | = | 0.0% |
| Current assets | 29/58 | €402,502 | €352,600 | -€49,902 | -12.4% |
| Stocks and contracts in progress | 3 | €27,665 | €22,706 | -€4,959 | -17.9% |
| Stocks | 30/36 | €27,665 | €22,706 | -€4,959 | -17.9% |
| Amounts receivable within one year | 40/41 | €221,128 | €175,499 | -€45,629 | -20.6% |
| Trade receivables | 40 | €164,997 | €141,074 | -€23,923 | -14.5% |
| Other amounts receivable | 41 | €56,131 | €34,425 | -€21,706 | -38.7% |
| Cash at bank and in hand | 54/58 | €153,088 | €154,395 | +€1,307 | +0.9% |
| Deferred charges and accrued income | 490/1 | €621 | - | -€621 | |
| Total equity and liabilities | 10/49 | €1,283,580 | €1,137,085 | -€146,495 | -11.4% |
| Equity | 10/15 | €71,067 | €46,090 | -€24,977 | -35.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €49,476 | €49,476 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,476 | €47,476 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,209 | -€31,186 | -€24,977 | -402.2% |
| Investment grants | 15 | €7,800 | €7,800 | = | 0.0% |
| Amounts payable | 17/49 | €1,212,513 | €1,090,995 | -€121,518 | -10.0% |
| Amounts payable after more than one year | 17 | €574,685 | €574,685 | = | 0.0% |
| Financial debts | 170/4 | €574,685 | €574,685 | = | 0.0% |
| Amounts payable within one year | 42/48 | €637,828 | €426,284 | -€211,544 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €50,433 | €24,895 | -€25,538 | -50.6% |
| Financial debts | 43 | €865 | - | -€865 | |
| Credit institutions | 430/8 | €865 | - | -€865 | |
| Trade debts | 44 | €131,803 | €33,282 | -€98,521 | -74.7% |
| Suppliers | 440/4 | €131,803 | €33,282 | -€98,521 | -74.7% |
| Advances received on contracts in progress | 46 | €3,250 | €3,250 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €249,342 | €143,506 | -€105,836 | -42.4% |
| Taxes | 450/3 | - | €7,030 | +€7,030 | |
| Remuneration and social security | 454/9 | €249,342 | €136,475 | -€112,867 | -45.3% |
| Other amounts payable | 47/48 | €202,135 | €221,352 | +€19,217 | +9.5% |
| Accrued charges and deferred income | 492/3 | - | €90,025 | +€90,025 | |
| Remuneration, social security and pensions | 62 | €493,137 | €346,738 | -€146,399 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,885 | €97,100 | +€11,216 | +13.1% |
| Other operating charges | 640/8 | €113,216 | €19,410 | -€93,806 | -82.9% |
| Gross operating margin | 9900 | €453,071 | €498,354 | +€45,283 | +10.0% |
| Operating profit (loss) | 9901 | -€239,166 | €35,106 | +€274,272 | |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €11,945 | €59,007 | +€47,062 | +394.0% |
| Recurring financial charges | 65 | €11,945 | €59,007 | +€47,062 | +394.0% |
| Profit (loss) for the period before taxes | 9903 | -€251,100 | -€23,901 | +€227,199 | +90.5% |
| Income taxes | 67/77 | - | €1,076 | +€1,076 | |
| Profit (loss) for the period | 9904 | -€251,100 | -€24,977 | +€226,123 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€251,100 | -€24,977 | +€226,123 | +90.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.