TECFIT: 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.
TECFIT
Largest movements
- Cash -€261,479
down €261,479 (-66.0%), from €396,451 to €134,972
mainly Current investments (-€250,000) and Contributions, distributions and other (-€125,000)
- Current investments +€250,000
up €250,000, from €0 to €250,000
- Receivables within one year +€114,060
up €114,060 (+46.3%), from €246,510 to €360,571
of which Trade receivables: +€94,103
- Stocks and contracts +€50,244
up €50,244 (+72.0%), from €69,756 to €120,000
- Tangible fixed assets +€45,146
up €45,146 (+62.0%), from €72,790 to €117,936
of which Land and buildings: +€51,432
- Trade debts +€149,354
up €149,354 (+118.5%), from €126,077 to €275,431
- Profit (loss) carried forward +€75,337
up €75,337 (+22.1%), from €340,411 to €415,748
- Tax, wage and social debts -€34,211
down €34,211 (-49.1%), from €69,665 to €35,455
of which Taxes: -€40,734
- Reserves +€28,242
up €28,242 (+11.9%), from €236,619 to €264,861
of which Tax-exempt reserves: +€28,242
- Accrued charges and deferred income +€15,105
up €15,105 (+71.9%), from €20,997 to €36,102
- Staff costs +€117,894
up €117,894 (+56.2%), from €209,598 to €327,493
- Gross operating margin +€50,245
up €50,245 (+8.6%), from €585,967 to €636,212
- Taxes -€16,523
down €16,523 (-20.5%), from €80,629 to €64,105
- Depreciation +€6,452
up €6,452 (+42.5%), from €15,165 to €21,617
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.
Cash bridge derived
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 | €823,721 | €1,053,829 | +€230,108 | +27.9% |
| Fixed assets | 21/28 | €76,848 | €147,116 | +€70,268 | +91.4% |
| Intangible fixed assets | 21 | €4,058 | €29,180 | +€25,122 | +619.1% |
| Tangible fixed assets | 22/27 | €72,790 | €117,936 | +€45,146 | +62.0% |
| Land and buildings | 22 | €20,924 | €72,356 | +€51,432 | +245.8% |
| Plant, machinery and equipment | 23 | €8,271 | €5,885 | -€2,386 | -28.9% |
| Furniture and vehicles | 24 | €28,165 | €25,982 | -€2,183 | -7.8% |
| Other tangible fixed assets | 26 | €15,430 | €13,714 | -€1,717 | -11.1% |
| Current assets | 29/58 | €746,873 | €906,713 | +€159,840 | +21.4% |
| Stocks and contracts in progress | 3 | €69,756 | €120,000 | +€50,244 | +72.0% |
| Stocks | 30/36 | €69,756 | €120,000 | +€50,244 | +72.0% |
| Amounts receivable within one year | 40/41 | €246,510 | €360,571 | +€114,060 | +46.3% |
| Trade receivables | 40 | €235,635 | €329,738 | +€94,103 | +39.9% |
| Other amounts receivable | 41 | €10,875 | €30,833 | +€19,958 | +183.5% |
| Current investments | 50/53 | €0 | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €396,451 | €134,972 | -€261,479 | -66.0% |
| Deferred charges and accrued income | 490/1 | €34,156 | €41,171 | +€7,015 | +20.5% |
| Total equity and liabilities | 10/49 | €823,721 | €1,053,829 | +€230,108 | +27.9% |
| Equity | 10/15 | €582,030 | €685,608 | +€103,578 | +17.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €236,619 | €264,861 | +€28,242 | +11.9% |
| Tax-exempt reserves | 132 | €176,619 | €204,861 | +€28,242 | +16.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €340,411 | €415,748 | +€75,337 | +22.1% |
| Provisions and deferred taxes | 16 | €14,528 | €11,733 | -€2,795 | -19.2% |
| Deferred taxes | 168 | €14,528 | €11,733 | -€2,795 | -19.2% |
| Amounts payable | 17/49 | €227,164 | €356,489 | +€129,325 | +56.9% |
| Amounts payable within one year | 42/48 | €206,167 | €320,387 | +€114,220 | +55.4% |
| Trade debts | 44 | €126,077 | €275,431 | +€149,354 | +118.5% |
| Suppliers | 440/4 | €126,077 | €275,431 | +€149,354 | +118.5% |
| Taxes, remuneration and social security | 45 | €69,665 | €35,455 | -€34,211 | -49.1% |
| Taxes | 450/3 | €45,132 | €4,398 | -€40,734 | -90.3% |
| Remuneration and social security | 454/9 | €24,533 | €31,057 | +€6,524 | +26.6% |
| Other amounts payable | 47/48 | €10,424 | €9,501 | -€924 | -8.9% |
| Accrued charges and deferred income | 492/3 | €20,997 | €36,102 | +€15,105 | +71.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €209,598 | €327,493 | +€117,894 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,165 | €21,617 | +€6,452 | +42.5% |
| Other operating charges | 640/8 | €1,057 | €1,484 | +€426 | +40.3% |
| Gross operating margin | 9900 | €585,967 | €636,212 | +€50,245 | +8.6% |
| Operating profit (loss) | 9901 | €360,147 | €285,619 | -€74,528 | -20.7% |
| Financial income | 75/76B | €5,749 | €5,523 | -€227 | -3.9% |
| Recurring financial income | 75 | €5,749 | €5,523 | -€227 | -3.9% |
| Financial charges | 65/66B | €1,082 | €1,253 | +€171 | +15.8% |
| Recurring financial charges | 65 | €1,082 | €1,253 | +€171 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €364,814 | €289,889 | -€74,926 | -20.5% |
| Transfer from deferred taxes | 780 | €2,040 | €2,795 | +€755 | +37.0% |
| Income taxes | 67/77 | €80,629 | €64,105 | -€16,523 | -20.5% |
| Profit (loss) for the period | 9904 | €286,226 | €228,578 | -€57,648 | -20.1% |
| Transfer from tax-exempt reserves | 789 | €6,121 | €8,385 | +€2,264 | +37.0% |
| Transfer to tax-exempt reserves | 689 | €10,946 | €36,627 | +€25,681 | +234.6% |
| Profit (loss) for the period to be appropriated | 9905 | €281,401 | €200,337 | -€81,064 | -28.8% |
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 11 October 2026 via checked.be.