TECNOSPACE: 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.
What changed
TECNOSPACE
NACE 43.350, Other building finishing work
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€248,138
2024 · €1.2m-€997,634
Equity
€1.8m
2024 · €1.8m+€32,153
Cash
€290,804
2024 · €459,889-€169,085
Balance sheet total
€5.5m
2024 · €5.2m+€307,139
Largest movements
Assets
- Stocks and contracts +€329,301
up €329,301 (+143.5%), from €229,536 to €558,836
of which Contracts in progress: +€301,103
- Cash -€169,085
down €169,085 (-36.8%), from €459,889 to €290,804
mainly Other debts (-€838,642) and Stocks and contracts (-€329,301)
- Receivables within one year +€149,985
up €149,985 (+6.3%), from €2.4m to €2.5m
of which Trade receivables: +€144,246
Equity and liabilities
- Trade debts +€1.0m
up €1.0m (+75.3%), from €1.3m to €2.4m
- Other debts -€838,642
down €838,642 (-80.3%), from €1.0m to €205,985
- Short-term financial debts +€100,000
new in 2025: €100,000
- Advances received -€70,678
down €70,678 (-14.2%), from €496,179 to €425,501
Income statement
- Turnover -€1.3m
down €1.3m (-9.6%), from €13.7m to €12.4m
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.
Result 2024
€1.2m
Turnover
-€1.3m
Other operating income
+€12,377
Goods and materials
+€110,040
Services and other goods
-€66,294
Staff costs
-€133,721
Depreciation
+€2,194
Write-downs
+€11,420
Provisions
-€20,000
Other operating charges
+€24,506
Other operating items
+€286,469
Financial income
+€3,091
Financial charges
+€7,683
Taxes
+€71,629
Result 2025
€248,138
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.
From operations
+€13,688
Investment
-€112,344
Financing
-€70,429
Cash 2024
€459,889
From operations (derived)
+€13,688
Net result for the year
+€248,138
Depreciation
+€159,542
Stocks and contracts
-€329,301
Receivables within one year
-€149,985
Deferred charges and accrued income
-€44,137
Trade debts
+€1.0m
Tax, wage and social debts
+€22,245
Advances received
-€70,678
Other debts
-€838,642
Accrued charges and deferred income
-€205
Investment (derived)
-€112,344
Investment in fixed assets (net)
-€102,344
Current investments
-€10,000
Financing
-€70,429
Debts after one year
+€22,574
Current portion of long-term debt
+€22,983
Short-term financial debts
+€100,000
Contributions, distributions and other
-€215,985
Cash 2025
€290,804
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,156,922 | €5,464,061 | +€307,139 | +6.0% |
| Fixed assets | 21/28 | €1,989,111 | €1,931,914 | -€57,198 | -2.9% |
| Intangible fixed assets | 21 | €144,714 | €117,648 | -€27,066 | -18.7% |
| Tangible fixed assets | 22/27 | €562,730 | €518,736 | -€43,994 | -7.8% |
| Land and buildings | 22 | €527,997 | €463,150 | -€64,846 | -12.3% |
| Plant, machinery and equipment | 23 | €6,915 | €5,470 | -€1,445 | -20.9% |
| Furniture and vehicles | 24 | €27,534 | €50,116 | +€22,581 | +82.0% |
| Leasing and similar rights | 25 | €284 | - | -€284 | |
| Financial fixed assets | 28 | €1,281,667 | €1,295,529 | +€13,862 | +1.1% |
| Affiliated companies | 280/1 | €1,236,237 | €1,250,099 | +€13,862 | +1.1% |
| Amounts receivable | 281 | €1,236,237 | €1,250,099 | +€13,862 | +1.1% |
| Other financial fixed assets | 284/8 | €45,430 | €45,430 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €45,430 | €45,430 | = | 0.0% |
| Current assets | 29/58 | €3,167,811 | €3,532,148 | +€364,337 | +11.5% |
| Stocks and contracts in progress | 3 | €229,536 | €558,836 | +€329,301 | +143.5% |
| Stocks | 30/36 | €155,482 | €183,681 | +€28,198 | +18.1% |
| Raw materials and consumables | 30/31 | €155,482 | €183,681 | +€28,198 | +18.1% |
| Contracts in progress | 37 | €74,053 | €375,156 | +€301,103 | +406.6% |
| Amounts receivable within one year | 40/41 | €2,387,284 | €2,537,269 | +€149,985 | +6.3% |
| Trade receivables | 40 | €2,237,907 | €2,382,153 | +€144,246 | +6.4% |
| Other amounts receivable | 41 | €149,376 | €155,116 | +€5,739 | +3.8% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Other investments | 51/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €459,889 | €290,804 | -€169,085 | -36.8% |
| Deferred charges and accrued income | 490/1 | €91,103 | €135,239 | +€44,137 | +48.4% |
| Total equity and liabilities | 10/49 | €5,156,922 | €5,464,061 | +€307,139 | +6.0% |
| Equity | 10/15 | €1,788,256 | €1,820,408 | +€32,153 | +1.8% |
| Contributions | 10/11 | €111,959 | €111,959 | = | 0.0% |
| Capital | 10 | €111,959 | €111,959 | = | 0.0% |
| Issued capital | 100 | €111,959 | €111,959 | = | 0.0% |
| Reserves | 13 | €403,618 | €403,618 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,196 | €11,196 | = | 0.0% |
| Legal reserve | 130 | €11,196 | €11,196 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,661 | €23,661 | = | 0.0% |
| Distributable reserves | 133 | €368,761 | €368,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,252,679 | €1,294,832 | +€42,153 | +3.4% |
| Investment grants | 15 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Amounts payable | 17/49 | €3,368,667 | €3,643,653 | +€274,986 | +8.2% |
| Amounts payable after more than one year | 17 | €101,193 | €123,767 | +€22,574 | +22.3% |
| Financial debts | 170/4 | €101,193 | €123,767 | +€22,574 | +22.3% |
| Credit institutions | 173 | €101,193 | €123,767 | +€22,574 | +22.3% |
| Amounts payable within one year | 42/48 | €3,266,730 | €3,519,347 | +€252,618 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €38,299 | €61,282 | +€22,983 | +60.0% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €1,349,762 | €2,366,471 | +€1.0m | +75.3% |
| Suppliers | 440/4 | €1,349,762 | €2,366,471 | +€1.0m | +75.3% |
| Advances received on contracts in progress | 46 | €496,179 | €425,501 | -€70,678 | -14.2% |
| Taxes, remuneration and social security | 45 | €337,863 | €360,108 | +€22,245 | +6.6% |
| Taxes | 450/3 | €105,694 | €59,644 | -€46,051 | -43.6% |
| Remuneration and social security | 454/9 | €232,169 | €300,465 | +€68,296 | +29.4% |
| Other amounts payable | 47/48 | €1,044,627 | €205,985 | -€838,642 | -80.3% |
| Accrued charges and deferred income | 492/3 | €744 | €539 | -€205 | -27.5% |
| Operating income | 70/76A | €13,736,373 | €12,728,315 | -€1.0m | -7.3% |
| Turnover | 70 | €13,666,711 | €12,359,683 | -€1.3m | -9.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €23,411 | €301,103 | +€277,692 | +1186.2% |
| Other operating income | 74 | €46,251 | €58,628 | +€12,377 | +26.8% |
| Non-recurring operating income | 76A | - | €8,902 | +€8,902 | |
| Operating charges | 60/66A | €12,385,496 | €12,457,476 | +€71,980 | +0.6% |
| Goods for resale, raw materials and consumables | 60 | €8,726,846 | €8,616,807 | -€110,040 | -1.3% |
| Purchases | 600/8 | €8,738,409 | €8,645,005 | -€93,404 | -1.1% |
| Change in stocks: decrease (increase) | 609 | -€11,563 | -€28,198 | -€16,635 | -143.9% |
| Services and other goods | 61 | €1,852,635 | €1,918,929 | +€66,294 | +3.6% |
| Remuneration, social security and pensions | 62 | €1,614,650 | €1,748,371 | +€133,721 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,736 | €159,542 | -€2,194 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€11,420 | -€11,420 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€20,000 | - | +€20,000 | |
| Other operating charges | 640/8 | €49,629 | €25,122 | -€24,506 | -49.4% |
| Non-recurring operating charges | 66A | - | €125 | +€125 | |
| Operating profit (loss) | 9901 | €1,350,877 | €270,839 | -€1.1m | -80.0% |
| Financial income | 75/76B | €24,441 | €27,531 | +€3,091 | +12.6% |
| Recurring financial income | 75 | €24,441 | €27,531 | +€3,091 | +12.6% |
| Income from financial fixed assets | 750 | €14,073 | €12,501 | -€1,572 | -11.2% |
| Income from current assets | 751 | - | €5,003 | +€5,003 | |
| Other financial income | 752/9 | €10,368 | €10,028 | -€340 | -3.3% |
| Financial charges | 65/66B | €24,055 | €16,372 | -€7,683 | -31.9% |
| Recurring financial charges | 65 | €24,055 | €16,372 | -€7,683 | -31.9% |
| Debt charges | 650 | €13,934 | €5,242 | -€8,691 | -62.4% |
| Other financial charges | 652/9 | €10,121 | €11,130 | +€1,008 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €1,351,263 | €281,999 | -€1.1m | -79.1% |
| Income taxes | 67/77 | €105,491 | €33,861 | -€71,629 | -67.9% |
| Taxes | 670/3 | €105,757 | €33,861 | -€71,896 | -68.0% |
| Tax adjustments and reversals of tax provisions | 77 | €267 | - | -€267 | |
| Profit (loss) for the period | 9904 | €1,245,772 | €248,138 | -€997,634 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,245,772 | €248,138 | -€997,634 | -80.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.