TECOBE: 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.
TECOBE
Largest movements
- Cash +€56,506
up €56,506 (+32.5%), from €173,878 to €230,384
mainly Receivables within one year (+€39,256) and Net result for the year (+€30,316)
- Receivables within one year -€39,256
down €39,256 (-39.6%), from €99,142 to €59,886
of which Trade receivables: -€39,488
- Deferred charges and accrued income +€7,083
up €7,083 (+2498.2%), from €284 to €7,366
- Other debts +€29,701
up €29,701 (+15.1%), from €197,347 to €227,049
- Trade debts -€5,833
down €5,833 (-34.5%), from €16,883 to €11,051
- Taxes -€25,204
down €25,204, from €21,606 to -€3,598
- Gross operating margin +€1,502
up €1,502 (+1.8%), from €84,545 to €86,047
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 | €307,552 | €330,764 | +€23,213 | +7.5% |
| Fixed assets | 21/28 | €31,525 | €30,361 | -€1,164 | -3.7% |
| Tangible fixed assets | 22/27 | €31,525 | €30,361 | -€1,164 | -3.7% |
| Land and buildings | 22 | €20,460 | €17,852 | -€2,608 | -12.7% |
| Plant, machinery and equipment | 23 | €2,629 | €5,479 | +€2,850 | +108.4% |
| Furniture and vehicles | 24 | €8,436 | €7,030 | -€1,406 | -16.7% |
| Current assets | 29/58 | €276,026 | €300,403 | +€24,377 | +8.8% |
| Amounts receivable within one year | 40/41 | €99,142 | €59,886 | -€39,256 | -39.6% |
| Trade receivables | 40 | €95,014 | €55,526 | -€39,488 | -41.6% |
| Other amounts receivable | 41 | €4,129 | €4,360 | +€231 | +5.6% |
| Current investments | 50/53 | €2,723 | €2,767 | +€44 | +1.6% |
| Cash at bank and in hand | 54/58 | €173,878 | €230,384 | +€56,506 | +32.5% |
| Deferred charges and accrued income | 490/1 | €284 | €7,366 | +€7,083 | +2498.2% |
| Total equity and liabilities | 10/49 | €307,552 | €330,764 | +€23,213 | +7.5% |
| Equity | 10/15 | €77,630 | €77,630 | = | 0.0% |
| Contributions | 10/11 | €31,130 | €31,130 | = | 0.0% |
| Outside capital | 11 | €31,130 | €31,130 | = | 0.0% |
| Share premium | 1100/10 | €28,300 | €28,300 | = | 0.0% |
| Other | 1109/19 | €2,830 | €2,830 | = | 0.0% |
| Reserves | 13 | €46,500 | €46,500 | = | 0.0% |
| Distributable reserves | 133 | €46,500 | €46,500 | = | 0.0% |
| Amounts payable | 17/49 | €229,922 | €253,134 | +€23,213 | +10.1% |
| Amounts payable within one year | 42/48 | €229,922 | €253,134 | +€23,213 | +10.1% |
| Trade debts | 44 | €16,883 | €11,051 | -€5,833 | -34.5% |
| Suppliers | 440/4 | €16,883 | €11,051 | -€5,833 | -34.5% |
| Taxes, remuneration and social security | 45 | €15,691 | €15,035 | -€656 | -4.2% |
| Taxes | 450/3 | €9,288 | €8,414 | -€874 | -9.4% |
| Remuneration and social security | 454/9 | €6,403 | €6,622 | +€218 | +3.4% |
| Other amounts payable | 47/48 | €197,347 | €227,049 | +€29,701 | +15.1% |
| Remuneration, social security and pensions | 62 | €52,722 | €52,683 | -€38 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,507 | €5,747 | +€240 | +4.3% |
| Other operating charges | 640/8 | €978 | €719 | -€258 | -26.4% |
| Gross operating margin | 9900 | €84,545 | €86,047 | +€1,502 | +1.8% |
| Operating profit (loss) | 9901 | €25,338 | €26,897 | +€1,559 | +6.2% |
| Financial income | 75/76B | €387 | €477 | +€90 | +23.2% |
| Recurring financial income | 75 | €387 | €477 | +€90 | +23.2% |
| Financial charges | 65/66B | €934 | €656 | -€278 | -29.8% |
| Recurring financial charges | 65 | €874 | €438 | -€436 | -49.9% |
| Non-recurring financial charges | 66B | €60 | €218 | +€158 | +263.9% |
| Profit (loss) for the period before taxes | 9903 | €24,791 | €26,718 | +€1,927 | +7.8% |
| Income taxes | 67/77 | €21,606 | -€3,598 | -€25,204 | |
| Profit (loss) for the period | 9904 | €3,185 | €30,316 | +€27,131 | +851.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,185 | €30,316 | +€27,131 | +851.8% |
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 8 October 2026 via checked.be.