TECO Design: 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 Design
Largest movements
- Stocks and contracts -€4,098
down €4,098 (-100.0%), from €4,098 to €0
- Cash +€2,975
up €2,975 (+12702.5%), from €23 to €2,998
mainly Net result for the year (+€6,844) and Stocks and contracts (+€4,098)
- Reserves +€6,844
up €6,844 (+7.4%), from €92,835 to €99,679
of which Distributable reserves: +€6,844
- Trade debts -€5,246
down €5,246 (-33.3%), from €15,732 to €10,486
- Current portion of long-term debt -€2,384
down €2,384 (-100.0%), from €2,384 to €0
- Gross operating margin -€13,356
down €13,356 (-59.9%), from €22,292 to €8,936
- Staff costs -€12,535
down €12,535, from €12,211 to -€325
- Depreciation -€6,667
down €6,667 (-86.6%), from €7,697 to €1,030
- Taxes +€1,769
up €1,769 (+206.4%), from €857 to €2,626
- Financial income +€1,065
up €1,065 (+31.2%), from €3,415 to €4,479
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,109 | €125,045 | -€1,064 | -0.8% |
| Fixed assets | 21/28 | €1,945 | €915 | -€1,030 | -52.9% |
| Tangible fixed assets | 22/27 | €1,945 | €915 | -€1,030 | -52.9% |
| Plant, machinery and equipment | 23 | €1,945 | €915 | -€1,030 | -52.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €124,163 | €124,129 | -€34 | 0.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €4,098 | €0 | -€4,098 | -100.0% |
| Stocks | 30/36 | €4,098 | €0 | -€4,098 | -100.0% |
| Amounts receivable within one year | 40/41 | €118,851 | €119,925 | +€1,074 | +0.9% |
| Trade receivables | 40 | €37,683 | €50,114 | +€12,432 | +33.0% |
| Other amounts receivable | 41 | €81,168 | €69,810 | -€11,358 | -14.0% |
| Cash at bank and in hand | 54/58 | €23 | €2,998 | +€2,975 | +12702.5% |
| Deferred charges and accrued income | 490/1 | €1,191 | €1,206 | +€15 | +1.2% |
| Total equity and liabilities | 10/49 | €126,109 | €125,045 | -€1,064 | -0.8% |
| Equity | 10/15 | €105,235 | €112,079 | +€6,844 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €92,835 | €99,679 | +€6,844 | +7.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €92,835 | €99,679 | +€6,844 | +7.4% |
| Amounts payable | 17/49 | €20,874 | €12,965 | -€7,908 | -37.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €20,303 | €12,965 | -€7,337 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €2,384 | €0 | -€2,384 | -100.0% |
| Financial debts | 43 | €148 | €0 | -€148 | -100.0% |
| Credit institutions | 430/8 | €148 | €0 | -€148 | -100.0% |
| Trade debts | 44 | €15,732 | €10,486 | -€5,246 | -33.3% |
| Suppliers | 440/4 | €15,732 | €10,486 | -€5,246 | -33.3% |
| Taxes, remuneration and social security | 45 | €2,038 | €2,479 | +€442 | +21.7% |
| Taxes | 450/3 | €2,038 | €2,479 | +€442 | +21.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €571 | €0 | -€571 | -100.0% |
| Remuneration, social security and pensions | 62 | €12,211 | -€325 | -€12,535 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,697 | €1,030 | -€6,667 | -86.6% |
| Other operating charges | 640/8 | €1,066 | €928 | -€138 | -12.9% |
| Gross operating margin | 9900 | €22,292 | €8,936 | -€13,356 | -59.9% |
| Operating profit (loss) | 9901 | €1,320 | €7,303 | +€5,984 | +453.4% |
| Financial income | 75/76B | €3,415 | €4,479 | +€1,065 | +31.2% |
| Recurring financial income | 75 | €3,415 | €4,479 | +€1,065 | +31.2% |
| Financial charges | 65/66B | €2,080 | €2,313 | +€232 | +11.2% |
| Recurring financial charges | 65 | €2,080 | €2,313 | +€232 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €2,654 | €9,470 | +€6,816 | +256.8% |
| Income taxes | 67/77 | €857 | €2,626 | +€1,769 | +206.4% |
| Profit (loss) for the period | 9904 | €1,797 | €6,844 | +€5,047 | +280.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,797 | €6,844 | +€5,047 | +280.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.