Tecmine: 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.
Tecmine
Largest movements
- Cash -€108,351
down €108,351 (-34.8%), from €311,278 to €202,927
mainly Receivables within one year (-€86,291) and Trade debts (-€80,885)
- Receivables within one year +€86,291
up €86,291 (+12.7%), from €679,505 to €765,796
of which Other amounts receivable: +€179,378
- Tangible fixed assets -€78,429
down €78,429 (-7.6%), from €1.0m to €955,389
of which Land and buildings: -€78,676
- Stocks and contracts +€50,209
up €50,209 (+18.4%), from €272,320 to €322,529
- Reserves +€87,190
up €87,190 (+70.5%), from €123,590 to €210,780
- Revaluation surpluses -€87,190
down €87,190 (-11.5%), from €760,253 to €673,063
- Debts after one year +€86,438
up €86,438 (+43.5%), from €198,839 to €285,277
- Trade debts -€80,885
down €80,885 (-9.3%), from €867,002 to €786,117
- Other debts -€80,000
down €80,000 (-25.6%), from €312,673 to €232,673
- Gross operating margin +€32,639
up €32,639 (+12.4%), from €262,703 to €295,342
- Staff costs +€20,148
up €20,148 (+15.2%), from €132,979 to €153,127
- Financial charges -€6,939
down €6,939 (-28.5%), from €24,359 to €17,420
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 | €2,301,761 | €2,246,937 | -€54,824 | -2.4% |
| Fixed assets | 21/28 | €1,034,473 | €955,685 | -€78,788 | -7.6% |
| Intangible fixed assets | 21 | €655 | €295 | -€360 | -54.9% |
| Tangible fixed assets | 22/27 | €1,033,818 | €955,389 | -€78,429 | -7.6% |
| Land and buildings | 22 | €1,012,309 | €933,633 | -€78,676 | -7.8% |
| Plant, machinery and equipment | 23 | €21,206 | €21,757 | +€551 | +2.6% |
| Furniture and vehicles | 24 | €303 | €0 | -€303 | -100.0% |
| Current assets | 29/58 | €1,267,288 | €1,291,252 | +€23,964 | +1.9% |
| Stocks and contracts in progress | 3 | €272,320 | €322,529 | +€50,209 | +18.4% |
| Stocks | 30/36 | €272,320 | €322,529 | +€50,209 | +18.4% |
| Amounts receivable within one year | 40/41 | €679,505 | €765,796 | +€86,291 | +12.7% |
| Trade receivables | 40 | €679,505 | €586,418 | -€93,087 | -13.7% |
| Other amounts receivable | 41 | - | €179,378 | +€179,378 | |
| Cash at bank and in hand | 54/58 | €311,278 | €202,927 | -€108,351 | -34.8% |
| Deferred charges and accrued income | 490/1 | €4,185 | - | -€4,185 | |
| Total equity and liabilities | 10/49 | €2,301,761 | €2,246,937 | -€54,824 | -2.4% |
| Equity | 10/15 | €837,739 | €872,856 | +€35,117 | +4.2% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Revaluation surpluses | 12 | €760,253 | €673,063 | -€87,190 | -11.5% |
| Reserves | 13 | €123,590 | €210,780 | +€87,190 | +70.5% |
| Distributable reserves | 133 | €123,590 | €210,780 | +€87,190 | +70.5% |
| Profit (loss) carried forward | 14 | -€55,404 | -€20,288 | +€35,116 | +63.4% |
| Amounts payable | 17/49 | €1,464,022 | €1,374,081 | -€89,941 | -6.1% |
| Amounts payable after more than one year | 17 | €198,839 | €285,277 | +€86,438 | +43.5% |
| Financial debts | 170/4 | €198,839 | €285,277 | +€86,438 | +43.5% |
| Amounts payable within one year | 42/48 | €1,265,183 | €1,088,804 | -€176,379 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €18,653 | - | -€18,653 | |
| Financial debts | 43 | - | €30,170 | +€30,170 | |
| Credit institutions | 430/8 | - | €30,170 | +€30,170 | |
| Trade debts | 44 | €867,002 | €786,117 | -€80,885 | -9.3% |
| Suppliers | 440/4 | €867,002 | €786,117 | -€80,885 | -9.3% |
| Taxes, remuneration and social security | 45 | €66,855 | €39,845 | -€27,010 | -40.4% |
| Taxes | 450/3 | €26,227 | €39,845 | +€13,618 | +51.9% |
| Remuneration and social security | 454/9 | €40,628 | - | -€40,628 | |
| Other amounts payable | 47/48 | €312,673 | €232,673 | -€80,000 | -25.6% |
| Remuneration, social security and pensions | 62 | €132,979 | €153,127 | +€20,148 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,777 | €85,932 | -€1,845 | -2.1% |
| Other operating charges | 640/8 | €3,173 | €3,735 | +€562 | +17.7% |
| Gross operating margin | 9900 | €262,703 | €295,342 | +€32,639 | +12.4% |
| Operating profit (loss) | 9901 | €38,774 | €52,548 | +€13,774 | +35.5% |
| Financial income | 75/76B | €12 | €899 | +€887 | +7390.3% |
| Recurring financial income | 75 | €12 | €899 | +€887 | +7390.3% |
| Financial charges | 65/66B | €24,359 | €17,420 | -€6,939 | -28.5% |
| Recurring financial charges | 65 | €24,359 | €17,420 | -€6,939 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €14,427 | €36,027 | +€21,600 | +149.7% |
| Income taxes | 67/77 | - | €911 | +€911 | |
| Profit (loss) for the period | 9904 | €14,427 | €35,117 | +€20,690 | +143.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,427 | €35,117 | +€20,690 | +143.4% |
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.