TECDA: 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.
TECDA
Largest movements
- Tangible fixed assets -€14,795
down €14,795 (-3.2%), from €462,279 to €447,484
of which Land and buildings: -€14,392
- Cash +€14,545
up €14,545 (+201.6%), from €7,215 to €21,760
mainly Depreciation (+€14,795) and Other debts (+€11,455)
- Debts after one year -€18,126
down €18,126 (-3.9%), from €468,538 to €450,412
- Other debts +€11,455
up €11,455 (+5.3%), from €215,268 to €226,724
- Gross operating margin +€7,951
up €7,951 (+19.3%), from €41,217 to €49,168
- Depreciation -€4,064
down €4,064 (-21.6%), from €18,859 to €14,795
- Taxes +€2,400
new in 2024: €2,400
- Financial charges +€1,302
up €1,302 (+6.6%), from €19,611 to €20,913
- Other operating charges +€684
up €684 (+17.9%), from €3,827 to €4,511
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 | €734,311 | €738,109 | +€3,798 | +0.5% |
| Fixed assets | 21/28 | €462,279 | €447,484 | -€14,795 | -3.2% |
| Tangible fixed assets | 22/27 | €462,279 | €447,484 | -€14,795 | -3.2% |
| Land and buildings | 22 | €461,270 | €446,879 | -€14,392 | -3.1% |
| Plant, machinery and equipment | 23 | - | €338 | +€338 | |
| Furniture and vehicles | 24 | €1,009 | €268 | -€741 | -73.5% |
| Current assets | 29/58 | €272,031 | €290,624 | +€18,593 | +6.8% |
| Amounts receivable after more than one year | 29 | €1,064 | - | -€1,064 | |
| Other amounts receivable | 291 | €1,064 | - | -€1,064 | |
| Stocks and contracts in progress | 3 | €263,173 | €263,173 | = | 0.0% |
| Stocks | 30/36 | €263,173 | €263,173 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €1,373 | +€1,373 | |
| Trade receivables | 40 | - | €597 | +€597 | |
| Other amounts receivable | 41 | - | €777 | +€777 | |
| Cash at bank and in hand | 54/58 | €7,215 | €21,760 | +€14,545 | +201.6% |
| Deferred charges and accrued income | 490/1 | €580 | €4,318 | +€3,739 | +645.0% |
| Total equity and liabilities | 10/49 | €734,311 | €738,109 | +€3,798 | +0.5% |
| Equity | 10/15 | €29,543 | €36,093 | +€6,549 | +22.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €15,623 | €21,093 | +€5,469 | +35.0% |
| Distributable reserves | 133 | €15,623 | €21,093 | +€5,469 | +35.0% |
| Profit (loss) carried forward | 14 | -€1,080 | - | +€1,080 | |
| Amounts payable | 17/49 | €704,767 | €702,016 | -€2,751 | -0.4% |
| Amounts payable after more than one year | 17 | €468,538 | €450,412 | -€18,126 | -3.9% |
| Financial debts | 170/4 | €468,538 | €450,412 | -€18,126 | -3.9% |
| Amounts payable within one year | 42/48 | €232,809 | €247,372 | +€14,563 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €17,438 | €18,126 | +€688 | +3.9% |
| Trade debts | 44 | - | €83 | +€83 | |
| Suppliers | 440/4 | - | €83 | +€83 | |
| Taxes, remuneration and social security | 45 | €103 | €2,441 | +€2,337 | +2258.7% |
| Taxes | 450/3 | €103 | €2,441 | +€2,337 | +2258.7% |
| Other amounts payable | 47/48 | €215,268 | €226,724 | +€11,455 | +5.3% |
| Accrued charges and deferred income | 492/3 | €3,420 | €4,232 | +€812 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,859 | €14,795 | -€4,064 | -21.6% |
| Other operating charges | 640/8 | €3,827 | €4,511 | +€684 | +17.9% |
| Gross operating margin | 9900 | €41,217 | €49,168 | +€7,951 | +19.3% |
| Operating profit (loss) | 9901 | €18,531 | €29,862 | +€11,331 | +61.1% |
| Financial charges | 65/66B | €19,611 | €20,913 | +€1,302 | +6.6% |
| Recurring financial charges | 65 | €19,611 | €20,913 | +€1,302 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,080 | €8,949 | +€10,029 | |
| Income taxes | 67/77 | - | €2,400 | +€2,400 | |
| Profit (loss) for the period | 9904 | -€1,080 | €6,549 | +€7,630 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,080 | €6,549 | +€7,630 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.