tec4 powertrains: 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.
tec4 powertrains
Largest movements
- Receivables within one year +€424,535
up €424,535 (+226%), from €188,126 to €612,661
of which Trade receivables: +€418,997
- Stocks and contracts -€183,172
down €183,172 (-75.4%), from €242,866 to €59,694
- Tangible fixed assets +€102,292
up €102,292 (+190%), from €53,745 to €156,038
of which Plant, machinery and equipment: +€103,498
- Cash +€90,158
up €90,158 (+34,320%), from €263 to €90,420
mainly Other debts (+€378,390) and Stocks and contracts (+€183,172)
- Other debts +€378,390
up €378,390 (+85.8%), from €440,886 to €819,276
- Profit (loss) carried forward +€71,153
up €71,153, from -€49,654 to €21,499
- Trade debts -€21,020
down €21,020 (-20.8%), from €101,099 to €80,079
- Tax, wage and social debts +€11,046
new in 2025: €11,046
- Gross operating margin +€108,527
up €108,527, from -€16,387 to €92,140
- Taxes +€11,046
new in 2025: €11,046
- Depreciation +€5,580
up €5,580 (+143%), from €3,909 to €9,489
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 | €504,731 | €944,300 | +€439,569 | +87.1% |
| Fixed assets | 21/28 | €73,476 | €181,525 | +€108,049 | +147% |
| Intangible fixed assets | 21 | €19,731 | €25,487 | +€5,756 | +29.2% |
| Tangible fixed assets | 22/27 | €53,745 | €156,038 | +€102,292 | +190% |
| Plant, machinery and equipment | 23 | €48,753 | €152,251 | +€103,498 | +212% |
| Furniture and vehicles | 24 | €4,992 | €3,787 | -€1,205 | -24.1% |
| Current assets | 29/58 | €431,255 | €762,775 | +€331,521 | +76.9% |
| Stocks and contracts in progress | 3 | €242,866 | €59,694 | -€183,172 | -75.4% |
| Stocks | 30/36 | €242,866 | €59,694 | -€183,172 | -75.4% |
| Amounts receivable within one year | 40/41 | €188,126 | €612,661 | +€424,535 | +226% |
| Trade receivables | 40 | €172,131 | €591,128 | +€418,997 | +243% |
| Other amounts receivable | 41 | €15,995 | €21,533 | +€5,538 | +34.6% |
| Cash at bank and in hand | 54/58 | €263 | €90,420 | +€90,158 | +34,320% |
| Total equity and liabilities | 10/49 | €504,731 | €944,300 | +€439,569 | +87.1% |
| Equity | 10/15 | -€37,254 | €33,899 | +€71,153 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,654 | €21,499 | +€71,153 | |
| Amounts payable | 17/49 | €541,984 | €910,401 | +€368,417 | +68.0% |
| Amounts payable within one year | 42/48 | €541,984 | €910,401 | +€368,417 | +68.0% |
| Trade debts | 44 | €101,099 | €80,079 | -€21,020 | -20.8% |
| Suppliers | 440/4 | €101,099 | €80,079 | -€21,020 | -20.8% |
| Taxes, remuneration and social security | 45 | - | €11,046 | +€11,046 | |
| Taxes | 450/3 | - | €11,046 | +€11,046 | |
| Other amounts payable | 47/48 | €440,886 | €819,276 | +€378,390 | +85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,909 | €9,489 | +€5,580 | +143% |
| Other operating charges | 640/8 | €765 | €387 | -€377 | -49.4% |
| Gross operating margin | 9900 | -€16,387 | €92,140 | +€108,527 | |
| Operating profit (loss) | 9901 | -€21,060 | €82,264 | +€103,324 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €64 | €74 | +€10 | +15.3% |
| Recurring financial charges | 65 | €64 | €74 | +€10 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,125 | €82,199 | +€103,324 | |
| Income taxes | 67/77 | - | €11,046 | +€11,046 | |
| Profit (loss) for the period | 9904 | -€21,125 | €71,153 | +€92,278 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,125 | €71,153 | +€92,278 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.