TECNAU: 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.
TECNAU
Largest movements
- Receivables within one year +€65,239
up €65,239 (+35.8%), from €182,290 to €247,529
of which Trade receivables: +€66,661
- Cash -€47,859
down €47,859 (-40.7%), from €117,618 to €69,759
mainly Receivables within one year (-€65,239) and Trade debts (-€6,759)
- Profit (loss) carried forward +€22,209
up €22,209 (+7.6%), from -€292,995 to -€270,786
- Trade debts -€6,759
down €6,759 (-31.9%), from €21,200 to €14,441
- Provisions +€4,508
up €4,508 (+78.8%), from €5,722 to €10,230
- Gross operating margin +€43,030
up €43,030 (+13.6%), from €316,520 to €359,549
- Staff costs +€36,440
up €36,440 (+12.6%), from €289,097 to €325,536
- Provisions +€4,508
new in 2025: €4,508
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 | €305,618 | €322,555 | +€16,938 | +5.5% |
| Fixed assets | 21/28 | €3,117 | €2,676 | -€440 | -14.1% |
| Tangible fixed assets | 22/27 | €770 | €329 | -€440 | -57.2% |
| Furniture and vehicles | 24 | €770 | €329 | -€440 | -57.2% |
| Financial fixed assets | 28 | €2,347 | €2,347 | = | 0.0% |
| Current assets | 29/58 | €302,501 | €319,879 | +€17,378 | +5.7% |
| Amounts receivable within one year | 40/41 | €182,290 | €247,529 | +€65,239 | +35.8% |
| Trade receivables | 40 | €179,194 | €245,855 | +€66,661 | +37.2% |
| Other amounts receivable | 41 | €3,096 | €1,674 | -€1,422 | -45.9% |
| Cash at bank and in hand | 54/58 | €117,618 | €69,759 | -€47,859 | -40.7% |
| Deferred charges and accrued income | 490/1 | €2,593 | €2,591 | -€2 | -0.1% |
| Total equity and liabilities | 10/49 | €305,618 | €322,555 | +€16,938 | +5.5% |
| Equity | 10/15 | €207,005 | €229,214 | +€22,209 | +10.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,995 | -€270,786 | +€22,209 | +7.6% |
| Provisions and deferred taxes | 16 | €5,722 | €10,230 | +€4,508 | +78.8% |
| Provisions for liabilities and charges | 160/5 | €5,722 | €10,230 | +€4,508 | +78.8% |
| Pensions and similar obligations | 160 | €5,722 | €10,230 | +€4,508 | +78.8% |
| Amounts payable | 17/49 | €92,891 | €83,111 | -€9,780 | -10.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €92,891 | €83,111 | -€9,780 | -10.5% |
| Financial debts | 43 | €4,457 | €3,929 | -€528 | -11.8% |
| Credit institutions | 430/8 | €4,457 | €3,929 | -€528 | -11.8% |
| Trade debts | 44 | €21,200 | €14,441 | -€6,759 | -31.9% |
| Suppliers | 440/4 | €21,200 | €14,441 | -€6,759 | -31.9% |
| Taxes, remuneration and social security | 45 | €67,233 | €64,740 | -€2,493 | -3.7% |
| Taxes | 450/3 | €10,620 | €601 | -€10,019 | -94.3% |
| Remuneration and social security | 454/9 | €56,613 | €64,139 | +€7,526 | +13.3% |
| Remuneration, social security and pensions | 62 | €289,097 | €325,536 | +€36,440 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440 | €440 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €4,508 | +€4,508 | |
| Other operating charges | 640/8 | €949 | €877 | -€71 | -7.5% |
| Gross operating margin | 9900 | €316,520 | €359,549 | +€43,030 | +13.6% |
| Operating profit (loss) | 9901 | €26,034 | €28,187 | +€2,153 | +8.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -93.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -93.1% |
| Financial charges | 65/66B | €8,211 | €5,377 | -€2,834 | -34.5% |
| Recurring financial charges | 65 | €8,211 | €5,377 | -€2,834 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €17,824 | €22,810 | +€4,986 | +28.0% |
| Income taxes | 67/77 | €586 | €601 | +€15 | +2.6% |
| Profit (loss) for the period | 9904 | €17,239 | €22,209 | +€4,971 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,239 | €22,209 | +€4,971 | +28.8% |
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 4 October 2026 via checked.be.