TECOLA: 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.
TECOLA
Largest movements
- Cash +€70,883
up €70,883 (+36.4%), from €194,584 to €265,467
mainly Other debts (+€106,834) and Net result for the year (+€43,388)
- Tangible fixed assets -€22,520
down €22,520 (-32.8%), from €68,614 to €46,094
of which Furniture and vehicles: -€16,733
- Other debts +€106,834
up €106,834 (+2194.3%), from €4,869 to €111,703
- Reserves -€76,612
down €76,612 (-30.1%), from €254,771 to €178,160
- Tax, wage and social debts +€19,265
up €19,265 (+382.7%), from €5,034 to €24,299
- Gross operating margin +€45,168
up €45,168 (+116.8%), from €38,678 to €83,845
- Depreciation +€11,366
up €11,366 (+101.9%), from €11,154 to €22,520
- Taxes +€8,554
up €8,554 (+103.4%), from €8,273 to €16,827
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 | €291,842 | €340,482 | +€48,641 | +16.7% |
| Fixed assets | 21/28 | €68,614 | €46,094 | -€22,520 | -32.8% |
| Tangible fixed assets | 22/27 | €68,614 | €46,094 | -€22,520 | -32.8% |
| Plant, machinery and equipment | 23 | €5,428 | €3,528 | -€1,900 | -35.0% |
| Furniture and vehicles | 24 | €45,028 | €28,295 | -€16,733 | -37.2% |
| Other tangible fixed assets | 26 | €18,158 | €14,271 | -€3,887 | -21.4% |
| Current assets | 29/58 | €223,228 | €294,388 | +€71,160 | +31.9% |
| Amounts receivable within one year | 40/41 | €16,726 | €17,291 | +€564 | +3.4% |
| Trade receivables | 40 | €9,315 | €12,820 | +€3,505 | +37.6% |
| Other amounts receivable | 41 | €7,411 | €4,471 | -€2,940 | -39.7% |
| Current investments | 50/53 | €9,685 | €9,350 | -€336 | -3.5% |
| Cash at bank and in hand | 54/58 | €194,584 | €265,467 | +€70,883 | +36.4% |
| Deferred charges and accrued income | 490/1 | €2,233 | €2,281 | +€49 | +2.2% |
| Total equity and liabilities | 10/49 | €291,842 | €340,482 | +€48,641 | +16.7% |
| Equity | 10/15 | €274,771 | €198,160 | -€76,612 | -27.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €254,771 | €178,160 | -€76,612 | -30.1% |
| Distributable reserves | 133 | €254,771 | €178,160 | -€76,612 | -30.1% |
| Amounts payable | 17/49 | €17,070 | €142,322 | +€125,252 | +733.7% |
| Amounts payable within one year | 42/48 | €13,059 | €139,310 | +€126,251 | +966.8% |
| Trade debts | 44 | €3,156 | €3,308 | +€152 | +4.8% |
| Suppliers | 440/4 | €3,156 | €3,308 | +€152 | +4.8% |
| Taxes, remuneration and social security | 45 | €5,034 | €24,299 | +€19,265 | +382.7% |
| Taxes | 450/3 | €5,034 | €24,299 | +€19,265 | +382.7% |
| Other amounts payable | 47/48 | €4,869 | €111,703 | +€106,834 | +2194.3% |
| Accrued charges and deferred income | 492/3 | €4,012 | €3,013 | -€999 | -24.9% |
| Non-recurring operating income | 76A | €431 | - | -€431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,154 | €22,520 | +€11,366 | +101.9% |
| Other operating charges | 640/8 | €1,528 | €1,556 | +€28 | +1.9% |
| Gross operating margin | 9900 | €38,678 | €83,845 | +€45,168 | +116.8% |
| Operating profit (loss) | 9901 | €25,996 | €59,769 | +€33,773 | +129.9% |
| Financial income | 75/76B | €560 | €1,345 | +€784 | +140.1% |
| Recurring financial income | 75 | €560 | €1,345 | +€784 | +140.1% |
| Financial charges | 65/66B | €1,724 | €898 | -€826 | -47.9% |
| Recurring financial charges | 65 | €1,724 | €898 | -€826 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €24,832 | €60,215 | +€35,384 | +142.5% |
| Income taxes | 67/77 | €8,273 | €16,827 | +€8,554 | +103.4% |
| Profit (loss) for the period | 9904 | €16,558 | €43,388 | +€26,830 | +162.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,558 | €43,388 | +€26,830 | +162.0% |
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 6 October 2026 via checked.be.