TECMO: 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.
TECMO
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-78.3%), from €1.9m to €408,760
- Receivables within one year +€318,805
up €318,805 (+50.3%), from €634,109 to €952,913
of which Other amounts receivable: +€260,941
- Cash +€75,625
up €75,625 (+21.1%), from €357,877 to €433,502
mainly Stocks and contracts (+€1.5m) and Net result for the year (+€57,984)
- Advances received -€855,706
down €855,706 (-54.0%), from €1.6m to €727,563
- Trade debts -€333,659
down €333,659 (-47.7%), from €699,340 to €365,681
- Reserves +€57,984
up €57,984 (+9.1%), from €635,446 to €693,430
of which Distributable reserves: +€57,984
- Other debts +€34,369
up €34,369 (+137%), from €25,000 to €59,369
- Gross operating margin +€62,216
up €62,216 (+208%), from €29,959 to €92,175
- Financial income -€11,540
down €11,540 (-98.6%), from €11,707 to €167
- Taxes +€9,901
up €9,901 (+95.3%), from €10,391 to €20,292
- Depreciation +€2,269
up €2,269 (+30.5%), from €7,431 to €9,700
- Other operating charges +€1,065
up €1,065 (+49.3%), from €2,160 to €3,225
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 | €3,005,028 | €1,908,016 | -€1.1m | -36.5% |
| Fixed assets | 21/28 | €125,259 | €111,954 | -€13,305 | -10.6% |
| Tangible fixed assets | 22/27 | €47,469 | €37,769 | -€9,700 | -20.4% |
| Plant, machinery and equipment | 23 | €15,469 | €12,169 | -€3,300 | -21.3% |
| Other tangible fixed assets | 26 | €32,000 | €25,600 | -€6,400 | -20.0% |
| Financial fixed assets | 28 | €77,790 | €74,185 | -€3,605 | -4.6% |
| Current assets | 29/58 | €2,879,769 | €1,796,062 | -€1.1m | -37.6% |
| Stocks and contracts in progress | 3 | €1,886,896 | €408,760 | -€1.5m | -78.3% |
| Stocks | 30/36 | €1,886,896 | €408,760 | -€1.5m | -78.3% |
| Amounts receivable within one year | 40/41 | €634,109 | €952,913 | +€318,805 | +50.3% |
| Trade receivables | 40 | €77,731 | €135,594 | +€57,863 | +74.4% |
| Other amounts receivable | 41 | €556,378 | €817,319 | +€260,941 | +46.9% |
| Cash at bank and in hand | 54/58 | €357,877 | €433,502 | +€75,625 | +21.1% |
| Deferred charges and accrued income | 490/1 | €887 | €887 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,005,028 | €1,908,016 | -€1.1m | -36.5% |
| Equity | 10/15 | €697,419 | €755,403 | +€57,984 | +8.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €635,446 | €693,430 | +€57,984 | +9.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €629,248 | €687,232 | +€57,984 | +9.2% |
| Amounts payable | 17/49 | €2,307,609 | €1,152,613 | -€1.2m | -50.1% |
| Amounts payable within one year | 42/48 | €2,307,609 | €1,152,613 | -€1.2m | -50.1% |
| Trade debts | 44 | €699,340 | €365,681 | -€333,659 | -47.7% |
| Suppliers | 440/4 | €699,340 | €365,681 | -€333,659 | -47.7% |
| Advances received on contracts in progress | 46 | €1,583,269 | €727,563 | -€855,706 | -54.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,000 | €59,369 | +€34,369 | +137% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,431 | €9,700 | +€2,269 | +30.5% |
| Other operating charges | 640/8 | €2,160 | €3,225 | +€1,065 | +49.3% |
| Gross operating margin | 9900 | €29,959 | €92,175 | +€62,216 | +208% |
| Operating profit (loss) | 9901 | €20,368 | €79,250 | +€58,882 | +289% |
| Financial income | 75/76B | €11,707 | €167 | -€11,540 | -98.6% |
| Recurring financial income | 75 | €11,707 | €167 | -€11,540 | -98.6% |
| Financial charges | 65/66B | €1,168 | €1,142 | -€26 | -2.2% |
| Recurring financial charges | 65 | €1,168 | €1,142 | -€26 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €30,908 | €78,275 | +€47,368 | +153% |
| Income taxes | 67/77 | €10,391 | €20,292 | +€9,901 | +95.3% |
| Profit (loss) for the period | 9904 | €20,517 | €57,984 | +€37,467 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €20,517 | €57,984 | +€37,467 | +183% |
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 15 October 2026 via checked.be.