TECINEX: what changed
Two fiscal 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.
TECINEX
Largest movements
- Cash +€92,769
up €92,769 (+463846700.0%), from €0 to €92,769
mainly Investment in fixed assets (net) (+€70,969) and Net result for the year (+€24,971)
- Financial fixed assets -€70,969
down €70,969 (-99.6%), from €71,249 to €280
- Receivables after one year +€40,000
new in 2025: €40,000
- Receivables within one year -€24,301
down €24,301 (-42.1%), from €57,767 to €33,466
of which Other amounts receivable: -€23,174
- Intangible fixed assets -€5,045
down €5,045 (-46.5%), from €10,856 to €5,811
- Reserves +€24,971
up €24,971 (+321.2%), from €7,775 to €32,746
of which Distributable reserves: +€24,971
- Trade debts +€17,743
up €17,743 (+3861.0%), from €460 to €18,202
- Debts after one year -€15,787
down €15,787 (-42.8%), from €36,852 to €21,066
- Short-term financial debts -€6,212
no longer reported in 2025 (was €6,212)
- Accrued charges and deferred income +€4,021
new in 2025: €4,021
- Gross operating margin -€33,337
down €33,337 (-50.1%), from €66,515 to €33,179
- Financial income +€11,207
up €11,207 (+46694.7%), from €24 to €11,231
of which Non-recurring financial income: +€11,231
- Taxes -€3,638
down €3,638 (-32.9%), from €11,057 to €7,419
- Depreciation -€2,321
down €2,321 (-21.5%), from €10,778 to €8,456
- Financial charges -€1,721
down €1,721 (-39.2%), from €4,389 to €2,669
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 | €180,415 | €208,585 | +€28,170 | +15.6% |
| Fixed assets | 21/28 | €121,635 | €42,210 | -€79,425 | -65.3% |
| Intangible fixed assets | 21 | €10,856 | €5,811 | -€5,045 | -46.5% |
| Tangible fixed assets | 22/27 | €39,530 | €36,119 | -€3,411 | -8.6% |
| Land and buildings | 22 | €39,250 | €36,000 | -€3,250 | -8.3% |
| Furniture and vehicles | 24 | €280 | €119 | -€161 | -57.6% |
| Financial fixed assets | 28 | €71,249 | €280 | -€70,969 | -99.6% |
| Current assets | 29/58 | €58,780 | €166,375 | +€107,595 | +183.0% |
| Amounts receivable after more than one year | 29 | - | €40,000 | +€40,000 | |
| Other amounts receivable | 291 | - | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €57,767 | €33,466 | -€24,301 | -42.1% |
| Trade receivables | 40 | €27,942 | €26,816 | -€1,126 | -4.0% |
| Other amounts receivable | 41 | €29,824 | €6,650 | -€23,174 | -77.7% |
| Cash at bank and in hand | 54/58 | €0 | €92,769 | +€92,769 | +463846700.0% |
| Deferred charges and accrued income | 490/1 | €1,014 | €140 | -€873 | -86.2% |
| Total equity and liabilities | 10/49 | €180,415 | €208,585 | +€28,170 | +15.6% |
| Equity | 10/15 | €99,454 | €124,425 | +€24,971 | +25.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €7,775 | €32,746 | +€24,971 | +321.2% |
| Non-distributable reserves | 130/1 | €275 | €275 | = | 0.0% |
| Reserves not available under the articles | 1311 | €275 | €275 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €32,471 | +€24,971 | +333.0% |
| Profit (loss) carried forward | 14 | €72,929 | €72,929 | = | 0.0% |
| Amounts payable | 17/49 | €80,961 | €84,160 | +€3,199 | +4.0% |
| Amounts payable after more than one year | 17 | €36,852 | €21,066 | -€15,787 | -42.8% |
| Financial debts | 170/4 | €36,852 | €21,066 | -€15,787 | -42.8% |
| Amounts payable within one year | 42/48 | €44,109 | €59,074 | +€14,965 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €15,147 | €15,787 | +€640 | +4.2% |
| Financial debts | 43 | €6,212 | - | -€6,212 | |
| Credit institutions | 430/8 | €6,212 | - | -€6,212 | |
| Trade debts | 44 | €460 | €18,202 | +€17,743 | +3861.0% |
| Suppliers | 440/4 | €460 | €18,202 | +€17,743 | +3861.0% |
| Taxes, remuneration and social security | 45 | €22,290 | €25,085 | +€2,794 | +12.5% |
| Taxes | 450/3 | €22,290 | €25,085 | +€2,794 | +12.5% |
| Accrued charges and deferred income | 492/3 | - | €4,021 | +€4,021 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,778 | €8,456 | -€2,321 | -21.5% |
| Other operating charges | 640/8 | €722 | €894 | +€172 | +23.8% |
| Gross operating margin | 9900 | €66,515 | €33,179 | -€33,337 | -50.1% |
| Operating profit (loss) | 9901 | €55,016 | €23,829 | -€31,187 | -56.7% |
| Financial income | 75/76B | €24 | €11,231 | +€11,207 | +46694.7% |
| Recurring financial income | 75 | €24 | €11,231 | +€11,207 | +46694.7% |
| Non-recurring financial income | 76B | - | €11,231 | +€11,231 | |
| Financial charges | 65/66B | €4,389 | €2,669 | -€1,721 | -39.2% |
| Recurring financial charges | 65 | €4,389 | €2,669 | -€1,721 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €50,650 | €32,391 | -€18,259 | -36.0% |
| Income taxes | 67/77 | €11,057 | €7,419 | -€3,638 | -32.9% |
| Profit (loss) for the period | 9904 | €39,593 | €24,971 | -€14,622 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,593 | €24,971 | -€14,622 | -36.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.