TeCe: 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.
TeCe
Largest movements
- Receivables within one year +€333,494
up €333,494 (+767%), from €43,500 to €376,994
of which Other amounts receivable: +€376,994
- Cash +€169,806
up €169,806 (+140%), from €121,653 to €291,459
mainly Net result for the year (+€381,099) and Tax, wage and social debts (+€123,463)
- Reserves +€381,099
up €381,099 (+303%), from €125,615 to €506,714
- Tax, wage and social debts +€123,463
up €123,463 (+330%), from €37,465 to €160,928
of which Taxes: +€121,463
- Gross operating margin +€327,920
up €327,920 (+203%), from €161,789 to €489,709
- Taxes +€85,499
up €85,499 (+238%), from €35,965 to €121,463
- Financial income +€15,066
new in 2025: €15,066
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 | €167,040 | €669,962 | +€502,923 | +301% |
| Fixed assets | 21/28 | €1,887 | €1,509 | -€378 | -20.0% |
| Tangible fixed assets | 22/27 | €1,887 | €1,509 | -€378 | -20.0% |
| Plant, machinery and equipment | 23 | €1,887 | €1,509 | -€378 | -20.0% |
| Current assets | 29/58 | €165,153 | €668,453 | +€503,300 | +305% |
| Amounts receivable within one year | 40/41 | €43,500 | €376,994 | +€333,494 | +767% |
| Trade receivables | 40 | €43,500 | €0 | -€43,500 | -100% |
| Other amounts receivable | 41 | - | €376,994 | +€376,994 | |
| Cash at bank and in hand | 54/58 | €121,653 | €291,459 | +€169,806 | +140% |
| Total equity and liabilities | 10/49 | €167,040 | €669,962 | +€502,923 | +301% |
| Equity | 10/15 | €127,615 | €508,714 | +€381,099 | +299% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €125,615 | €506,714 | +€381,099 | +303% |
| Distributable reserves | 133 | €125,615 | €506,714 | +€381,099 | +303% |
| Amounts payable | 17/49 | €39,424 | €161,248 | +€121,824 | +309% |
| Amounts payable within one year | 42/48 | €39,424 | €161,248 | +€121,824 | +309% |
| Trade debts | 44 | €1,888 | €320 | -€1,568 | -83.0% |
| Suppliers | 440/4 | €1,888 | €320 | -€1,568 | -83.0% |
| Taxes, remuneration and social security | 45 | €37,465 | €160,928 | +€123,463 | +330% |
| Taxes | 450/3 | €37,465 | €158,928 | +€121,463 | +324% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €72 | €0 | -€72 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €378 | +€376 | +36,552% |
| Other operating charges | 640/8 | €62 | €0 | -€62 | -100% |
| Gross operating margin | 9900 | €161,789 | €489,709 | +€327,920 | +203% |
| Operating profit (loss) | 9901 | €161,726 | €489,332 | +€327,606 | +203% |
| Financial income | 75/76B | - | €15,066 | +€15,066 | |
| Recurring financial income | 75 | - | €15,066 | +€15,066 | |
| Financial charges | 65/66B | €146 | €1,835 | +€1,689 | +1,156% |
| Recurring financial charges | 65 | €146 | €1,835 | +€1,689 | +1,156% |
| Profit (loss) for the period before taxes | 9903 | €161,580 | €502,562 | +€340,982 | +211% |
| Income taxes | 67/77 | €35,965 | €121,463 | +€85,499 | +238% |
| Profit (loss) for the period | 9904 | €125,615 | €381,099 | +€255,484 | +203% |
| Profit (loss) for the period to be appropriated | 9905 | €125,615 | €381,099 | +€255,484 | +203% |
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 16 October 2026 via checked.be.