TECOBAT: 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.
TECOBAT
Largest movements
- Receivables within one year +€5,790
up €5,790 (+20.4%), from €28,331 to €34,121
of which Trade receivables: +€7,836
- Cash +€5,602
up €5,602 (+11.7%), from €47,743 to €53,345
mainly Net result for the year (+€15,464) and Tax, wage and social debts (+€3,563)
- Reserves +€15,158
up €15,158 (+28.8%), from €52,615 to €67,773
- Trade debts -€7,963
down €7,963 (-37.9%), from €21,001 to €13,038
- Tax, wage and social debts +€3,563
up €3,563 (+1200.3%), from €297 to €3,860
- Gross operating margin -€11,434
down €11,434 (-31.1%), from €36,812 to €25,379
- Taxes +€5,902
up €5,902 (+567.0%), from €1,041 to €6,942
- Depreciation -€1,480
down €1,480 (-41.0%), from €3,609 to €2,129
- Financial charges -€1,180
down €1,180 (-49.7%), from €2,372 to €1,193
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 | €81,223 | €91,506 | +€10,283 | +12.7% |
| Fixed assets | 21/28 | €2,880 | €1,701 | -€1,179 | -40.9% |
| Intangible fixed assets | 21 | €805 | €0 | -€805 | -100.0% |
| Tangible fixed assets | 22/27 | €2,032 | €1,658 | -€374 | -18.4% |
| Furniture and vehicles | 24 | €1,836 | €1,658 | -€178 | -9.7% |
| Leasing and similar rights | 25 | €195 | €0 | -€195 | -100.0% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €78,343 | €89,805 | +€11,462 | +14.6% |
| Amounts receivable within one year | 40/41 | €28,331 | €34,121 | +€5,790 | +20.4% |
| Trade receivables | 40 | €21,533 | €29,369 | +€7,836 | +36.4% |
| Other amounts receivable | 41 | €6,797 | €4,752 | -€2,046 | -30.1% |
| Cash at bank and in hand | 54/58 | €47,743 | €53,345 | +€5,602 | +11.7% |
| Deferred charges and accrued income | 490/1 | €2,269 | €2,340 | +€71 | +3.1% |
| Total equity and liabilities | 10/49 | €81,223 | €91,506 | +€10,283 | +12.7% |
| Equity | 10/15 | €59,342 | €73,973 | +€14,631 | +24.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,615 | €67,773 | +€15,158 | +28.8% |
| Distributable reserves | 133 | €52,615 | €67,773 | +€15,158 | +28.8% |
| Profit (loss) carried forward | 14 | €527 | €0 | -€527 | -100.0% |
| Amounts payable | 17/49 | €21,881 | €17,533 | -€4,348 | -19.9% |
| Amounts payable within one year | 42/48 | €21,881 | €17,481 | -€4,400 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €21,001 | €13,038 | -€7,963 | -37.9% |
| Suppliers | 440/4 | €21,001 | €13,038 | -€7,963 | -37.9% |
| Taxes, remuneration and social security | 45 | €297 | €3,860 | +€3,563 | +1200.3% |
| Taxes | 450/3 | €297 | €3,860 | +€3,563 | +1200.3% |
| Other amounts payable | 47/48 | €583 | €583 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €52 | +€52 | |
| Remuneration, social security and pensions | 62 | €108 | €0 | -€108 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,609 | €2,129 | -€1,480 | -41.0% |
| Other operating charges | 640/8 | €159 | €147 | -€12 | -7.3% |
| Non-recurring operating charges | 66A | €8,712 | €0 | -€8,712 | -100.0% |
| Gross operating margin | 9900 | €36,812 | €25,379 | -€11,434 | -31.1% |
| Operating profit (loss) | 9901 | €24,226 | €23,103 | -€1,123 | -4.6% |
| Financial income | 75/76B | €347 | €497 | +€150 | +43.2% |
| Recurring financial income | 75 | €347 | €497 | +€150 | +43.2% |
| Financial charges | 65/66B | €2,372 | €1,193 | -€1,180 | -49.7% |
| Recurring financial charges | 65 | €2,372 | €1,193 | -€1,180 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | €22,200 | €22,407 | +€206 | +0.9% |
| Income taxes | 67/77 | €1,041 | €6,942 | +€5,902 | +567.0% |
| Profit (loss) for the period | 9904 | €21,159 | €15,464 | -€5,695 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,159 | €15,464 | -€5,695 | -26.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.