TECHELEC: 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.
TECHELEC
Largest movements
- Intangible fixed assets +€149,830
up €149,830 (+30.0%), from €499,528 to €649,358
- Tangible fixed assets +€121,925
new in 2025: €121,925
- Stocks and contracts -€121,925
no longer reported in 2025 (was €121,925)
- Receivables after one year -€60,000
no longer reported in 2025 (was €60,000)
- Receivables within one year +€40,975
up €40,975 (+5.9%), from €692,181 to €733,157
of which Other amounts receivable: +€98,543
- Reserves +€401,440
up €401,440 (+167%), from €240,420 to €641,859
of which Distributable reserves: +€401,440
- Short-term financial debts -€289,299
down €289,299 (-86.1%), from €335,888 to €46,589
- Debts after one year -€139,084
down €139,084 (-24.0%), from €578,550 to €439,466
- Trade debts +€85,462
up €85,462 (+54.5%), from €156,898 to €242,359
- Tax, wage and social debts +€79,499
up €79,499 (+1,016%), from €7,823 to €87,322
of which Taxes: +€82,332
- Gross operating margin +€227,998
up €227,998 (+62.5%), from €364,965 to €592,963
- Taxes +€65,454
up €65,454 (+11,054%), from €592 to €66,046
- Staff costs -€20,336
down €20,336 (-47.6%), from €42,737 to €22,402
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 | €1,388,415 | €1,537,000 | +€148,585 | +10.7% |
| Fixed assets | 21/28 | €514,302 | €786,057 | +€271,755 | +52.8% |
| Intangible fixed assets | 21 | €499,528 | €649,358 | +€149,830 | +30.0% |
| Tangible fixed assets | 22/27 | - | €121,925 | +€121,925 | |
| Plant, machinery and equipment | 23 | - | €121,925 | +€121,925 | |
| Financial fixed assets | 28 | €14,774 | €14,774 | = | 0.0% |
| Current assets | 29/58 | €874,113 | €750,943 | -€123,170 | -14.1% |
| Amounts receivable after more than one year | 29 | €60,000 | - | -€60,000 | |
| Other amounts receivable | 291 | €60,000 | - | -€60,000 | |
| Stocks and contracts in progress | 3 | €121,925 | - | -€121,925 | |
| Stocks | 30/36 | €121,925 | - | -€121,925 | |
| Amounts receivable within one year | 40/41 | €692,181 | €733,157 | +€40,975 | +5.9% |
| Trade receivables | 40 | €417,611 | €360,044 | -€57,567 | -13.8% |
| Other amounts receivable | 41 | €274,570 | €373,113 | +€98,543 | +35.9% |
| Cash at bank and in hand | 54/58 | €6 | €65 | +€59 | +960% |
| Deferred charges and accrued income | 490/1 | - | €17,721 | +€17,721 | |
| Total equity and liabilities | 10/49 | €1,388,415 | €1,537,000 | +€148,585 | +10.7% |
| Equity | 10/15 | €259,012 | €665,706 | +€406,695 | +157% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €240,420 | €641,859 | +€401,440 | +167% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €238,560 | €640,000 | +€401,440 | +168% |
| Profit (loss) carried forward | 14 | - | €5,255 | +€5,255 | |
| Amounts payable | 17/49 | €1,129,403 | €871,293 | -€258,109 | -22.9% |
| Amounts payable after more than one year | 17 | €578,550 | €439,466 | -€139,084 | -24.0% |
| Financial debts | 170/4 | €578,550 | €439,466 | -€139,084 | -24.0% |
| Amounts payable within one year | 42/48 | €550,853 | €431,827 | -€119,026 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €50,245 | €55,557 | +€5,312 | +10.6% |
| Financial debts | 43 | €335,888 | €46,589 | -€289,299 | -86.1% |
| Credit institutions | 430/8 | €335,888 | €46,589 | -€289,299 | -86.1% |
| Trade debts | 44 | €156,898 | €242,359 | +€85,462 | +54.5% |
| Suppliers | 440/4 | €156,898 | €242,359 | +€85,462 | +54.5% |
| Taxes, remuneration and social security | 45 | €7,823 | €87,322 | +€79,499 | +1,016% |
| Taxes | 450/3 | €4,990 | €87,322 | +€82,332 | +1,650% |
| Remuneration and social security | 454/9 | €2,833 | - | -€2,833 | |
| Remuneration, social security and pensions | 62 | €42,737 | €22,402 | -€20,336 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,582 | €79,909 | +€3,327 | +4.3% |
| Other operating charges | 640/8 | €1,870 | - | -€1,870 | |
| Gross operating margin | 9900 | €364,965 | €592,963 | +€227,998 | +62.5% |
| Operating profit (loss) | 9901 | €243,776 | €490,652 | +€246,876 | +101% |
| Financial charges | 65/66B | €16,928 | €17,912 | +€984 | +5.8% |
| Recurring financial charges | 65 | €16,928 | €17,912 | +€984 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €226,848 | €472,740 | +€245,893 | +108% |
| Income taxes | 67/77 | €592 | €66,046 | +€65,454 | +11,054% |
| Profit (loss) for the period | 9904 | €226,256 | €406,695 | +€180,439 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €226,256 | €406,695 | +€180,439 | +79.8% |
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 27 October 2026 via checked.be.