Teco-Invest: 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.
Teco-Invest
Largest movements
- Receivables within one year -€38,846
down €38,846 (-6.5%), from €598,330 to €559,484
of which Trade receivables: -€69,605
- Cash +€37,232
up €37,232 (+433%), from €8,603 to €45,835
mainly Receivables within one year (+€38,846) and Debts after one year (+€27,719)
- Tangible fixed assets -€20,117
down €20,117 (-3.9%), from €516,319 to €496,202
of which Land and buildings: -€17,096
- Profit (loss) carried forward -€56,227
down €56,227 (-13.1%), from -€428,093 to -€484,321
- Debts after one year +€27,719
up €27,719 (+2.7%), from €1.0m to €1.0m
of which Financial debts: +€27,719
- Short-term financial debts -€15,000
no longer reported in 2025 (was €15,000)
- Gross operating margin -€67,115
down €67,115, from €41,382 to -€25,732
- Financial charges -€1,963
down €1,963 (-24.8%), from €7,905 to €5,943
of which Financial charges: -€3,369
- Financial income -€442
down €442 (-85.8%), from €515 to €73
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.
Derived cash bridge
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 | €1,276,939 | €1,248,147 | -€28,791 | -2.3% |
| Fixed assets | 21/28 | €662,995 | €642,828 | -€20,167 | -3.0% |
| Tangible fixed assets | 22/27 | €516,319 | €496,202 | -€20,117 | -3.9% |
| Land and buildings | 22 | €511,258 | €494,162 | -€17,096 | -3.3% |
| Plant, machinery and equipment | 23 | €1,823 | €373 | -€1,450 | -79.5% |
| Other tangible fixed assets | 26 | €3,238 | €1,666 | -€1,571 | -48.5% |
| Financial fixed assets | 28 | €146,675 | €146,626 | -€50 | 0.0% |
| Current assets | 29/58 | €613,944 | €605,319 | -€8,624 | -1.4% |
| Amounts receivable within one year | 40/41 | €598,330 | €559,484 | -€38,846 | -6.5% |
| Trade receivables | 40 | €123,605 | €54,000 | -€69,605 | -56.3% |
| Other amounts receivable | 41 | €474,725 | €505,484 | +€30,759 | +6.5% |
| Cash at bank and in hand | 54/58 | €8,603 | €45,835 | +€37,232 | +433% |
| Deferred charges and accrued income | 490/1 | €7,011 | - | -€7,011 | |
| Total equity and liabilities | 10/49 | €1,276,939 | €1,248,147 | -€28,791 | -2.3% |
| Equity | 10/15 | €25,546 | -€30,681 | -€56,227 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €70,971 | €70,971 | = | 0.0% |
| Reserves | 13 | €320,669 | €320,669 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €314,469 | €314,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€428,093 | -€484,321 | -€56,227 | -13.1% |
| Amounts payable | 17/49 | €1,251,392 | €1,278,828 | +€27,436 | +2.2% |
| Amounts payable after more than one year | 17 | €1,015,636 | €1,043,355 | +€27,719 | +2.7% |
| Financial debts | 170/4 | €1,008,136 | €1,035,855 | +€27,719 | +2.7% |
| Other amounts payable | 178/9 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €235,757 | €232,974 | -€2,783 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,486 | +€7,486 | |
| Financial debts | 43 | €15,000 | - | -€15,000 | |
| Credit institutions | 430/8 | €15,000 | - | -€15,000 | |
| Trade debts | 44 | €7,983 | - | -€7,983 | |
| Suppliers | 440/4 | €7,983 | - | -€7,983 | |
| Taxes, remuneration and social security | 45 | €8,573 | €15,868 | +€7,295 | +85.1% |
| Taxes | 450/3 | €8,573 | €15,868 | +€7,295 | +85.1% |
| Other amounts payable | 47/48 | €204,201 | €209,619 | +€5,419 | +2.7% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,117 | €20,117 | = | 0.0% |
| Other operating charges | 640/8 | €4,790 | €4,508 | -€282 | -5.9% |
| Non-recurring operating charges | 66A | €1,216 | - | -€1,216 | |
| Gross operating margin | 9900 | €41,382 | -€25,732 | -€67,115 | |
| Operating profit (loss) | 9901 | €15,259 | -€50,358 | -€65,617 | |
| Financial income | 75/76B | €515 | €73 | -€442 | -85.8% |
| Recurring financial income | 75 | €515 | €73 | -€442 | -85.8% |
| Financial charges | 65/66B | €7,905 | €5,943 | -€1,963 | -24.8% |
| Recurring financial charges | 65 | €7,509 | €4,140 | -€3,369 | -44.9% |
| Non-recurring financial charges | 66B | €396 | €1,803 | +€1,406 | +355% |
| Profit (loss) for the period before taxes | 9903 | €7,869 | -€56,227 | -€64,096 | |
| Profit (loss) for the period | 9904 | €7,869 | -€56,227 | -€64,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,869 | -€56,227 | -€64,096 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.