TECHNICAL DESIGN & ENGINEERING CENTER: 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.
TECHNICAL DESIGN & ENGINEERING CENTER
Largest movements
- Cash -€47,251
down €47,251 (-53.6%), from €88,190 to €40,939
mainly Other debts (-€62,843) and Debts after one year (-€23,586)
- Receivables within one year +€16,722
up €16,722 (+9.4%), from €178,398 to €195,120
of which Trade receivables: +€22,539
- Tangible fixed assets -€15,445
down €15,445 (-16.7%), from €92,438 to €76,993
of which Land and buildings: -€15,970
- Other debts -€62,843
down €62,843 (-82.1%), from €76,584 to €13,740
- Reserves +€37,747
up €37,747 (+44.0%), from €85,746 to €123,493
of which Distributable reserves: +€37,747
- Debts after one year -€23,586
down €23,586 (-45.4%), from €51,972 to €28,385
- Short-term financial debts +€9,158
up €9,158 (+12.4%), from €73,958 to €83,116
- Tax, wage and social debts -€8,552
down €8,552 (-11.2%), from €76,640 to €68,089
of which Taxes: -€10,635
- Gross operating margin -€47,894
down €47,894 (-12.3%), from €387,854 to €339,961
- Other operating charges -€7,784
down €7,784 (-67.9%), from €11,459 to €3,675
- Taxes -€7,124
down €7,124 (-23.7%), from €30,086 to €22,962
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 | €433,221 | €388,447 | -€44,774 | -10.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €92,633 | €77,188 | -€15,445 | -16.7% |
| Tangible fixed assets | 22/27 | €92,438 | €76,993 | -€15,445 | -16.7% |
| Land and buildings | 22 | €79,851 | €63,881 | -€15,970 | -20.0% |
| Plant, machinery and equipment | 23 | €4,389 | €3,163 | -€1,226 | -27.9% |
| Furniture and vehicles | 24 | €7,750 | €6,179 | -€1,571 | -20.3% |
| Other tangible fixed assets | 26 | €448 | €3,770 | +€3,322 | +742% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €340,588 | €311,259 | -€29,329 | -8.6% |
| Stocks and contracts in progress | 3 | €74,000 | €75,200 | +€1,200 | +1.6% |
| Contracts in progress | 37 | €74,000 | €75,200 | +€1,200 | +1.6% |
| Amounts receivable within one year | 40/41 | €178,398 | €195,120 | +€16,722 | +9.4% |
| Trade receivables | 40 | €109,560 | €132,099 | +€22,539 | +20.6% |
| Other amounts receivable | 41 | €68,839 | €63,022 | -€5,817 | -8.4% |
| Cash at bank and in hand | 54/58 | €88,190 | €40,939 | -€47,251 | -53.6% |
| Total equity and liabilities | 10/49 | €433,221 | €388,447 | -€44,774 | -10.3% |
| Equity | 10/15 | €104,346 | €142,093 | +€37,747 | +36.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,746 | €123,493 | +€37,747 | +44.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €83,886 | €121,633 | +€37,747 | +45.0% |
| Amounts payable | 17/49 | €328,875 | €246,354 | -€82,521 | -25.1% |
| Amounts payable after more than one year | 17 | €51,972 | €28,385 | -€23,586 | -45.4% |
| Financial debts | 170/4 | €51,972 | €28,385 | -€23,586 | -45.4% |
| Amounts payable within one year | 42/48 | €275,230 | €216,295 | -€58,934 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €22,921 | €23,586 | +€666 | +2.9% |
| Financial debts | 43 | €73,958 | €83,116 | +€9,158 | +12.4% |
| Credit institutions | 430/8 | €73,958 | €83,116 | +€9,158 | +12.4% |
| Trade debts | 44 | €25,127 | €27,764 | +€2,637 | +10.5% |
| Suppliers | 440/4 | €25,127 | €27,764 | +€2,637 | +10.5% |
| Taxes, remuneration and social security | 45 | €76,640 | €68,089 | -€8,552 | -11.2% |
| Taxes | 450/3 | €47,898 | €37,263 | -€10,635 | -22.2% |
| Remuneration and social security | 454/9 | €28,743 | €30,826 | +€2,083 | +7.2% |
| Other amounts payable | 47/48 | €76,584 | €13,740 | -€62,843 | -82.1% |
| Accrued charges and deferred income | 492/3 | €1,674 | €1,674 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €247,671 | €251,221 | +€3,550 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,430 | €21,910 | -€519 | -2.3% |
| Other operating charges | 640/8 | €11,459 | €3,675 | -€7,784 | -67.9% |
| Gross operating margin | 9900 | €387,854 | €339,961 | -€47,894 | -12.3% |
| Operating profit (loss) | 9901 | €106,295 | €63,154 | -€43,141 | -40.6% |
| Financial income | 75/76B | €2,532 | €4,649 | +€2,117 | +83.6% |
| Recurring financial income | 75 | €2,532 | €4,649 | +€2,117 | +83.6% |
| Financial charges | 65/66B | €9,527 | €7,094 | -€2,433 | -25.5% |
| Recurring financial charges | 65 | €9,527 | €7,094 | -€2,433 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €99,300 | €60,709 | -€38,590 | -38.9% |
| Income taxes | 67/77 | €30,086 | €22,962 | -€7,124 | -23.7% |
| Profit (loss) for the period | 9904 | €69,214 | €37,747 | -€31,467 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,214 | €37,747 | -€31,467 | -45.5% |
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 14 October 2026 via checked.be.