tecoma: 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.
tecoma
Largest movements
- Receivables within one year +€425,281
up €425,281 (+28.5%), from €1.5m to €1.9m
of which Trade receivables: +€348,902
- Current investments +€374,680
up €374,680 (+9.8%), from €3.8m to €4.2m
- Cash -€122,593
down €122,593 (-2.6%), from €4.7m to €4.6m
mainly Receivables within one year (-€425,281) and Current investments (-€374,680)
- Reserves +€537,609
up €537,609 (+7.9%), from €6.8m to €7.4m
of which Distributable reserves: +€537,609
- Accrued charges and deferred income +€332,514
new in 2025: €332,514
- Provisions -€228,621
down €228,621 (-10.3%), from €2.2m to €2.0m
- Gross operating margin -€1.3m
down €1.3m (-62.2%), from €2.1m to €778,039
- Provisions -€291,208
down €291,208, from €62,587 to -€228,621
- Financial income +€238,863
up €238,863 (+218%), from €109,781 to €348,645
- Taxes -€180,768
down €180,768 (-41.8%), from €432,728 to €251,960
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 | €10,387,359 | €11,090,368 | +€703,009 | +6.8% |
| Fixed assets | 21/28 | €175,135 | €137,599 | -€37,536 | -21.4% |
| Tangible fixed assets | 22/27 | €153,635 | €116,099 | -€37,536 | -24.4% |
| Plant, machinery and equipment | 23 | €9,094 | €6,306 | -€2,788 | -30.7% |
| Furniture and vehicles | 24 | €144,541 | €109,793 | -€34,748 | -24.0% |
| Financial fixed assets | 28 | €21,500 | €21,500 | = | 0.0% |
| Current assets | 29/58 | €10,212,224 | €10,952,770 | +€740,545 | +7.3% |
| Stocks and contracts in progress | 3 | €122,366 | €122,366 | = | 0.0% |
| Stocks | 30/36 | €122,366 | €122,366 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,492,485 | €1,917,766 | +€425,281 | +28.5% |
| Trade receivables | 40 | €1,491,048 | €1,839,951 | +€348,902 | +23.4% |
| Other amounts receivable | 41 | €1,437 | €77,815 | +€76,379 | +5,316% |
| Current investments | 50/53 | €3,814,368 | €4,189,048 | +€374,680 | +9.8% |
| Cash at bank and in hand | 54/58 | €4,726,964 | €4,604,372 | -€122,593 | -2.6% |
| Deferred charges and accrued income | 490/1 | €56,041 | €119,217 | +€63,177 | +113% |
| Total equity and liabilities | 10/49 | €10,387,359 | €11,090,368 | +€703,009 | +6.8% |
| Equity | 10/15 | €7,247,975 | €7,785,584 | +€537,609 | +7.4% |
| Contributions | 10/11 | €410,000 | €410,000 | = | 0.0% |
| Reserves | 13 | €6,837,975 | €7,375,584 | +€537,609 | +7.9% |
| Tax-exempt reserves | 132 | €10,872 | €10,872 | = | 0.0% |
| Distributable reserves | 133 | €6,827,103 | €7,364,712 | +€537,609 | +7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €2,229,409 | €2,000,788 | -€228,621 | -10.3% |
| Provisions for liabilities and charges | 160/5 | €2,229,409 | €2,000,788 | -€228,621 | -10.3% |
| Major repairs and maintenance | 162 | €2,229,409 | €2,000,788 | -€228,621 | -10.3% |
| Amounts payable | 17/49 | €909,975 | €1,303,996 | +€394,021 | +43.3% |
| Amounts payable within one year | 42/48 | €909,975 | €971,482 | +€61,507 | +6.8% |
| Trade debts | 44 | €740,438 | €729,883 | -€10,555 | -1.4% |
| Suppliers | 440/4 | €740,438 | €729,883 | -€10,555 | -1.4% |
| Taxes, remuneration and social security | 45 | €169,537 | €241,600 | +€72,063 | +42.5% |
| Taxes | 450/3 | €134,749 | €204,667 | +€69,918 | +51.9% |
| Remuneration and social security | 454/9 | €34,788 | €36,933 | +€2,145 | +6.2% |
| Accrued charges and deferred income | 492/3 | - | €332,514 | +€332,514 | |
| Non-recurring operating income | 76A | €34,991 | €0 | -€34,991 | -100% |
| Remuneration, social security and pensions | 62 | €268,061 | €280,674 | +€12,613 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,805 | €55,296 | +€9,492 | +20.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €62,587 | -€228,621 | -€291,208 | |
| Other operating charges | 640/8 | €21,272 | €18,318 | -€2,954 | -13.9% |
| Non-recurring operating charges | 66A | €82 | €0 | -€82 | -100% |
| Gross operating margin | 9900 | €2,058,889 | €778,039 | -€1.3m | -62.2% |
| Operating profit (loss) | 9901 | €1,661,081 | €652,371 | -€1.0m | -60.7% |
| Financial income | 75/76B | €109,781 | €348,645 | +€238,863 | +218% |
| Recurring financial income | 75 | €109,781 | €348,645 | +€238,863 | +218% |
| Financial charges | 65/66B | €65,791 | €61,411 | -€4,380 | -6.7% |
| Recurring financial charges | 65 | €65,791 | €61,411 | -€4,380 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €1,705,072 | €939,605 | -€765,467 | -44.9% |
| Income taxes | 67/77 | €432,728 | €251,960 | -€180,768 | -41.8% |
| Profit (loss) for the period | 9904 | €1,272,345 | €687,645 | -€584,699 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,272,345 | €687,645 | -€584,699 | -46.0% |
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 17 October 2026 via checked.be.