TEC SERVICES: 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 SERVICES
Largest movements
- Tangible fixed assets -€341,550
down €341,550 (-93.6%), from €364,821 to €23,271
of which Land and buildings: -€364,821
- Receivables within one year +€25,475
up €25,475 (+39.3%), from €64,741 to €90,216
of which Trade receivables: +€29,369
- Cash +€4,341
up €4,341 (+361%), from €1,203 to €5,544
mainly Investment in fixed assets (net) (+€340,476) and Other debts (+€97,514)
- Profit (loss) carried forward -€407,352
down €407,352 (-10.9%), from -€3.8m to -€4.2m
- Other debts +€97,514
up €97,514 (+6.5%), from €1.5m to €1.6m
- Taxes -€62,203
no longer reported in 2025 (was €62,203)
- Depreciation -€54,383
down €54,383 (-98.1%), from €55,457 to €1,074
- Gross operating margin -€6,516
down €6,516 (-22.0%), from -€29,591 to -€36,108
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 | €430,765 | €119,354 | -€311,411 | -72.3% |
| Fixed assets | 21/28 | €364,821 | €23,271 | -€341,550 | -93.6% |
| Tangible fixed assets | 22/27 | €364,821 | €23,271 | -€341,550 | -93.6% |
| Land and buildings | 22 | €364,821 | - | -€364,821 | |
| Plant, machinery and equipment | 23 | - | €23,271 | +€23,271 | |
| Current assets | 29/58 | €65,944 | €96,083 | +€30,138 | +45.7% |
| Amounts receivable within one year | 40/41 | €64,741 | €90,216 | +€25,475 | +39.3% |
| Trade receivables | 40 | €56,110 | €85,478 | +€29,369 | +52.3% |
| Other amounts receivable | 41 | €8,631 | €4,738 | -€3,893 | -45.1% |
| Cash at bank and in hand | 54/58 | €1,203 | €5,544 | +€4,341 | +361% |
| Deferred charges and accrued income | 490/1 | - | €322 | +€322 | |
| Total equity and liabilities | 10/49 | €430,765 | €119,354 | -€311,411 | -72.3% |
| Equity | 10/15 | -€1,117,816 | -€1,525,167 | -€407,352 | -36.4% |
| Contributions | 10/11 | €2,513,021 | €2,513,021 | = | 0.0% |
| Capital | 10 | €2,513,021 | €2,513,021 | = | 0.0% |
| Issued capital | 100 | €2,513,021 | €2,513,021 | = | 0.0% |
| Reserves | 13 | €122,161 | €122,161 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,409 | €3,409 | = | 0.0% |
| Legal reserve | 130 | €3,409 | €3,409 | = | 0.0% |
| Distributable reserves | 133 | €118,753 | €118,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,752,997 | -€4,160,349 | -€407,352 | -10.9% |
| Amounts payable | 17/49 | €1,548,580 | €1,644,521 | +€95,941 | +6.2% |
| Amounts payable within one year | 42/48 | €1,548,580 | €1,644,521 | +€95,941 | +6.2% |
| Trade debts | 44 | €42,269 | €40,695 | -€1,573 | -3.7% |
| Suppliers | 440/4 | €42,269 | €40,695 | -€1,573 | -3.7% |
| Other amounts payable | 47/48 | €1,506,312 | €1,603,826 | +€97,514 | +6.5% |
| Non-recurring operating income | 76A | €164 | - | -€164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,457 | €1,074 | -€54,383 | -98.1% |
| Other operating charges | 640/8 | €4,984 | €5,309 | +€325 | +6.5% |
| Non-recurring operating charges | 66A | - | €364,821 | +€364,821 | |
| Gross operating margin | 9900 | -€29,591 | -€36,108 | -€6,516 | -22.0% |
| Operating profit (loss) | 9901 | -€90,032 | -€407,311 | -€317,280 | -352% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €94 | €40 | -€54 | -57.0% |
| Recurring financial charges | 65 | €94 | €40 | -€54 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | -€90,111 | -€407,352 | -€317,241 | -352% |
| Income taxes | 67/77 | €62,203 | - | -€62,203 | |
| Profit (loss) for the period | 9904 | -€152,314 | -€407,352 | -€255,038 | -167% |
| Profit (loss) for the period to be appropriated | 9905 | -€152,314 | -€407,352 | -€255,038 | -167% |
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 17 October 2026 via checked.be.