TECO: 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.
TECO
Largest movements
- Cash +€9,168
up €9,168 (+62.4%), from €14,700 to €23,868
mainly Trade debts (+€12,696) and Depreciation (+€8,217)
- Stocks and contracts -€6,527
down €6,527 (-100.0%), from €6,527 to €0
- Receivables within one year +€5,283
up €5,283 (+142.5%), from €3,708 to €8,991
of which Trade receivables: +€3,195
- Intangible fixed assets +€2,479
new in 2025: €2,479
- Tangible fixed assets +€1,072
up €1,072 (+9.7%), from €11,008 to €12,080
of which Other tangible fixed assets: +€2,129
- Trade debts +€12,696
up €12,696 (+4593.8%), from €276 to €12,972
- Tax, wage and social debts +€3,870
up €3,870 (+44.6%), from €8,668 to €12,538
- Current portion of long-term debt -€2,961
down €2,961 (-65.6%), from €4,511 to €1,550
- Debts after one year -€1,550
down €1,550 (-100.0%), from €1,550 to €0
- Profit (loss) carried forward +€579
up €579 (+2.9%), from €19,879 to €20,458
- Gross operating margin -€20,093
down €20,093 (-62.3%), from €32,272 to €12,179
- Taxes -€4,251
down €4,251 (-71.4%), from €5,951 to €1,700
- Depreciation +€2,952
up €2,952 (+56.1%), from €5,264 to €8,217
- Other operating charges -€1,810
down €1,810 (-86.8%), from €2,084 to €274
- Financial charges +€985
up €985 (+158.6%), from €621 to €1,605
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 | €37,384 | €50,018 | +€12,634 | +33.8% |
| Formation expenses | 20 | €609 | €447 | -€163 | -26.7% |
| Fixed assets | 21/28 | €11,008 | €15,159 | +€4,151 | +37.7% |
| Intangible fixed assets | 21 | - | €2,479 | +€2,479 | |
| Tangible fixed assets | 22/27 | €11,008 | €12,080 | +€1,072 | +9.7% |
| Furniture and vehicles | 24 | €9,405 | €8,349 | -€1,056 | -11.2% |
| Other tangible fixed assets | 26 | €1,603 | €3,731 | +€2,129 | +132.8% |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €25,767 | €34,412 | +€8,645 | +33.6% |
| Stocks and contracts in progress | 3 | €6,527 | €0 | -€6,527 | -100.0% |
| Stocks | 30/36 | €6,527 | €0 | -€6,527 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,708 | €8,991 | +€5,283 | +142.5% |
| Trade receivables | 40 | €2,167 | €5,362 | +€3,195 | +147.5% |
| Other amounts receivable | 41 | €1,541 | €3,629 | +€2,088 | +135.5% |
| Cash at bank and in hand | 54/58 | €14,700 | €23,868 | +€9,168 | +62.4% |
| Deferred charges and accrued income | 490/1 | €832 | €1,553 | +€722 | +86.7% |
| Total equity and liabilities | 10/49 | €37,384 | €50,018 | +€12,634 | +33.8% |
| Equity | 10/15 | €22,379 | €22,958 | +€579 | +2.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,879 | €20,458 | +€579 | +2.9% |
| Amounts payable | 17/49 | €15,005 | €27,060 | +€12,055 | +80.3% |
| Amounts payable after more than one year | 17 | €1,550 | €0 | -€1,550 | -100.0% |
| Financial debts | 170/4 | €1,550 | €0 | -€1,550 | -100.0% |
| Amounts payable within one year | 42/48 | €13,455 | €27,060 | +€13,605 | +101.1% |
| Current portion of amounts payable after more than one year | 42 | €4,511 | €1,550 | -€2,961 | -65.6% |
| Trade debts | 44 | €276 | €12,972 | +€12,696 | +4593.8% |
| Suppliers | 440/4 | €276 | €12,972 | +€12,696 | +4593.8% |
| Taxes, remuneration and social security | 45 | €8,668 | €12,538 | +€3,870 | +44.6% |
| Taxes | 450/3 | €8,668 | €12,538 | +€3,870 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,264 | €8,217 | +€2,952 | +56.1% |
| Other operating charges | 640/8 | €2,084 | €274 | -€1,810 | -86.8% |
| Gross operating margin | 9900 | €32,272 | €12,179 | -€20,093 | -62.3% |
| Operating profit (loss) | 9901 | €24,924 | €3,689 | -€21,235 | -85.2% |
| Financial income | 75/76B | €1 | €196 | +€195 | +33086.4% |
| Recurring financial income | 75 | €1 | €196 | +€195 | +33086.4% |
| Financial charges | 65/66B | €621 | €1,605 | +€985 | +158.6% |
| Recurring financial charges | 65 | €621 | €1,605 | +€985 | +158.6% |
| Profit (loss) for the period before taxes | 9903 | €24,304 | €2,279 | -€22,025 | -90.6% |
| Income taxes | 67/77 | €5,951 | €1,700 | -€4,251 | -71.4% |
| Profit (loss) for the period | 9904 | €18,353 | €579 | -€17,774 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,353 | €579 | -€17,774 | -96.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.