TECNO ART: what changed
What changed
TECNO ART
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€82,378
2024 · €392,482-€310,104
Equity
€632,502
2024 · €550,124+€82,378
Cash
€193,923
2024 · €279,664-€85,741
Balance sheet total
€1.2m
2024 · €1.5m-€333,722
Largest movements
Assets
- Current investments -€450,000
down €450,000 (-100%), from €450,000 to €0
- Stocks and contracts +€243,445
up €243,445 (+112%), from €216,749 to €460,194
of which Contracts in progress: +€197,397
- Cash -€85,741
down €85,741 (-30.7%), from €279,664 to €193,923
mainly Other debts (-€450,000) and Stocks and contracts (-€243,445)
- Receivables within one year -€31,479
down €31,479 (-6.7%), from €467,314 to €435,835
of which Trade receivables: -€45,952
Equity and liabilities
- Other debts -€450,000
down €450,000 (-99.9%), from €450,530 to €530
- Advances received +€101,298
up €101,298 (+45.3%), from €223,560 to €324,858
- Reserves +€82,378
up €82,378 (+30.0%), from €274,360 to €356,738
- Trade debts -€37,479
down €37,479 (-18.9%), from €197,976 to €160,498
Income statement
- Gross operating margin -€369,332
down €369,332 (-50.4%), from €733,417 to €364,085
- Taxes -€103,330
down €103,330 (-78.1%), from €132,330 to €29,000
- Staff costs +€24,021
up €24,021 (+13.7%), from €175,040 to €199,061
- Provisions -€8,514
down €8,514, from €2,668 to -€5,846
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€392,482
Gross operating margin
-€369,332
Staff costs
-€24,021
Depreciation
+€1,617
Write-downs
-€6,855
Provisions
+€8,514
Other operating charges
-€1,556
Other operating items
-€21,272
Financial income
-€611
Financial charges
+€83
Taxes
+€103,330
Result 2025
€82,378
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€502,070
Investment
+€431,816
Financing
-€15,486
Cash 2024
€279,664
From operations (derived)
-€502,070
Net result for the year
+€82,378
Depreciation
+€33,281
Stocks and contracts
-€243,445
Receivables within one year
+€31,479
Deferred charges and accrued income
-€5,149
Provisions
-€5,846
Trade debts
-€37,479
Tax, wage and social debts
-€8,116
Advances received
+€101,298
Other debts
-€450,000
Accrued charges and deferred income
-€472
Investment (derived)
+€431,816
Investment in fixed assets (net)
-€18,185
Current investments
+€450,000
Financing
-€15,486
Debts after one year
-€11,108
Current portion of long-term debt
-€4,378
Cash 2025
€193,923
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,518,629 | €1,184,907 | -€333,722 | -22.0% |
| Fixed assets | 21/28 | €101,001 | €85,904 | -€15,097 | -14.9% |
| Intangible fixed assets | 21 | €428 | €0 | -€428 | -100% |
| Tangible fixed assets | 22/27 | €100,553 | €85,904 | -€14,649 | -14.6% |
| Plant, machinery and equipment | 23 | €39,862 | €30,973 | -€8,890 | -22.3% |
| Furniture and vehicles | 24 | €60,690 | €45,367 | -€15,323 | -25.2% |
| Other tangible fixed assets | 26 | - | €9,564 | +€9,564 | |
| Financial fixed assets | 28 | €20 | €0 | -€20 | -100% |
| Current assets | 29/58 | €1,417,628 | €1,099,003 | -€318,625 | -22.5% |
| Stocks and contracts in progress | 3 | €216,749 | €460,194 | +€243,445 | +112% |
| Stocks | 30/36 | €66,383 | €112,431 | +€46,048 | +69.4% |
| Contracts in progress | 37 | €150,366 | €347,763 | +€197,397 | +131% |
| Amounts receivable within one year | 40/41 | €467,314 | €435,835 | -€31,479 | -6.7% |
| Trade receivables | 40 | €426,378 | €380,426 | -€45,952 | -10.8% |
| Other amounts receivable | 41 | €40,935 | €55,409 | +€14,473 | +35.4% |
| Current investments | 50/53 | €450,000 | €0 | -€450,000 | -100% |
| Cash at bank and in hand | 54/58 | €279,664 | €193,923 | -€85,741 | -30.7% |
| Deferred charges and accrued income | 490/1 | €3,902 | €9,051 | +€5,149 | +132% |
| Total equity and liabilities | 10/49 | €1,518,629 | €1,184,907 | -€333,722 | -22.0% |
| Equity | 10/15 | €550,124 | €632,502 | +€82,378 | +15.0% |
| Contributions | 10/11 | €275,764 | €275,764 | = | 0.0% |
| Reserves | 13 | €274,360 | €356,738 | +€82,378 | +30.0% |
| Distributable reserves | 133 | €274,360 | €356,738 | +€82,378 | +30.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €26,668 | €20,822 | -€5,846 | -21.9% |
| Provisions for liabilities and charges | 160/5 | €26,668 | €20,822 | -€5,846 | -21.9% |
| Major repairs and maintenance | 162 | €26,668 | €20,822 | -€5,846 | -21.9% |
| Amounts payable | 17/49 | €941,837 | €531,583 | -€410,254 | -43.6% |
| Amounts payable after more than one year | 17 | €25,695 | €14,587 | -€11,108 | -43.2% |
| Financial debts | 170/4 | €25,695 | €14,587 | -€11,108 | -43.2% |
| Amounts payable within one year | 42/48 | €911,352 | €512,678 | -€398,674 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €15,486 | €11,108 | -€4,378 | -28.3% |
| Trade debts | 44 | €197,976 | €160,498 | -€37,479 | -18.9% |
| Suppliers | 440/4 | €197,976 | €160,498 | -€37,479 | -18.9% |
| Advances received on contracts in progress | 46 | €223,560 | €324,858 | +€101,298 | +45.3% |
| Taxes, remuneration and social security | 45 | €23,799 | €15,684 | -€8,116 | -34.1% |
| Taxes | 450/3 | €18,115 | €3,386 | -€14,729 | -81.3% |
| Remuneration and social security | 454/9 | €5,684 | €12,298 | +€6,614 | +116% |
| Other amounts payable | 47/48 | €450,530 | €530 | -€450,000 | -99.9% |
| Accrued charges and deferred income | 492/3 | €4,790 | €4,318 | -€472 | -9.9% |
| Remuneration, social security and pensions | 62 | €175,040 | €199,061 | +€24,021 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,898 | €33,281 | -€1,617 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,855 | +€6,855 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,668 | -€5,846 | -€8,514 | |
| Other operating charges | 640/8 | €7,227 | €8,783 | +€1,556 | +21.5% |
| Non-recurring operating charges | 66A | - | €21,272 | +€21,272 | |
| Gross operating margin | 9900 | €733,417 | €364,085 | -€369,332 | -50.4% |
| Operating profit (loss) | 9901 | €513,583 | €100,678 | -€412,905 | -80.4% |
| Financial income | 75/76B | €14,572 | €13,961 | -€611 | -4.2% |
| Recurring financial income | 75 | €14,572 | €13,961 | -€611 | -4.2% |
| Financial charges | 65/66B | €3,344 | €3,261 | -€83 | -2.5% |
| Recurring financial charges | 65 | €3,344 | €3,261 | -€83 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €524,812 | €111,378 | -€413,434 | -78.8% |
| Income taxes | 67/77 | €132,330 | €29,000 | -€103,330 | -78.1% |
| Profit (loss) for the period | 9904 | €392,482 | €82,378 | -€310,104 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €392,482 | €82,378 | -€310,104 | -79.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.