TECE Belgium: 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 Belgium
Largest movements
- Cash +€68,359
up €68,359 (+103%), from €66,494 to €134,853
mainly Net result for the year (+€242,916) and Accrued charges and deferred income (+€89,450)
- Tangible fixed assets +€66,542
up €66,542 (+189%), from €35,288 to €101,830
of which Other tangible fixed assets: +€101,433
- Receivables within one year +€24,113
up €24,113 (+42.7%), from €56,511 to €80,624
- Financial fixed assets -€6,206
down €6,206 (-28.7%), from €21,625 to €15,419
- Profit (loss) carried forward +€242,916
up €242,916 (+13.8%), from -€1.8m to -€1.5m
- Debts after one year -€203,162
down €203,162 (-11.8%), from €1.7m to €1.5m
- Accrued charges and deferred income +€89,450
up €89,450 (+1,111%), from €8,050 to €97,500
- Tax, wage and social debts +€10,033
up €10,033 (+18.7%), from €53,764 to €63,798
of which Remuneration and social security: +€10,276
- Current portion of long-term debt +€9,888
up €9,888 (+10.8%), from €91,596 to €101,484
- Gross operating margin +€49,157
up €49,157 (+7.1%), from €694,714 to €743,870
- Staff costs +€19,111
up €19,111 (+5.1%), from €377,605 to €396,717
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 | €179,918 | €332,726 | +€152,808 | +84.9% |
| Fixed assets | 21/28 | €56,912 | €117,249 | +€60,337 | +106% |
| Tangible fixed assets | 22/27 | €35,288 | €101,830 | +€66,542 | +189% |
| Furniture and vehicles | 24 | €1,889 | €397 | -€1,492 | -79.0% |
| Other tangible fixed assets | 26 | - | €101,433 | +€101,433 | |
| Assets under construction and advance payments | 27 | €33,398 | €0 | -€33,398 | -100% |
| Financial fixed assets | 28 | €21,625 | €15,419 | -€6,206 | -28.7% |
| Current assets | 29/58 | €123,005 | €215,477 | +€92,471 | +75.2% |
| Amounts receivable within one year | 40/41 | €56,511 | €80,624 | +€24,113 | +42.7% |
| Other amounts receivable | 41 | €56,511 | €80,624 | +€24,113 | +42.7% |
| Cash at bank and in hand | 54/58 | €66,494 | €134,853 | +€68,359 | +103% |
| Total equity and liabilities | 10/49 | €179,918 | €332,726 | +€152,808 | +84.9% |
| Equity | 10/15 | -€1,712,164 | -€1,469,248 | +€242,916 | +14.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,762,164 | -€1,519,248 | +€242,916 | +13.8% |
| Amounts payable | 17/49 | €1,892,082 | €1,801,974 | -€90,108 | -4.8% |
| Amounts payable after more than one year | 17 | €1,718,083 | €1,514,922 | -€203,162 | -11.8% |
| Financial debts | 170/4 | €1,718,083 | €1,514,922 | -€203,162 | -11.8% |
| Amounts payable within one year | 42/48 | €165,949 | €189,552 | +€23,604 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €91,596 | €101,484 | +€9,888 | +10.8% |
| Trade debts | 44 | €20,588 | €24,270 | +€3,682 | +17.9% |
| Suppliers | 440/4 | €20,588 | €24,270 | +€3,682 | +17.9% |
| Taxes, remuneration and social security | 45 | €53,764 | €63,798 | +€10,033 | +18.7% |
| Taxes | 450/3 | €13,988 | €13,746 | -€243 | -1.7% |
| Remuneration and social security | 454/9 | €39,776 | €50,052 | +€10,276 | +25.8% |
| Accrued charges and deferred income | 492/3 | €8,050 | €97,500 | +€89,450 | +1,111% |
| Remuneration, social security and pensions | 62 | €377,605 | €396,717 | +€19,111 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,475 | €9,919 | +€5,444 | +122% |
| Other operating charges | 640/8 | €0 | €400 | +€400 | |
| Gross operating margin | 9900 | €694,714 | €743,870 | +€49,157 | +7.1% |
| Operating profit (loss) | 9901 | €312,634 | €336,835 | +€24,201 | +7.7% |
| Financial income | 75/76B | €1,219 | €244 | -€975 | -80.0% |
| Recurring financial income | 75 | €1,219 | €244 | -€975 | -80.0% |
| Financial charges | 65/66B | €99,193 | €93,088 | -€6,104 | -6.2% |
| Recurring financial charges | 65 | €99,193 | €93,088 | -€6,104 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €214,660 | €243,990 | +€29,330 | +13.7% |
| Income taxes | 67/77 | €863 | €1,074 | +€211 | +24.4% |
| Profit (loss) for the period | 9904 | €213,797 | €242,916 | +€29,120 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €213,797 | €242,916 | +€29,120 | +13.6% |
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 19 October 2026 via checked.be.