TECONEX: 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.
What changed
TECONEX
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€767,371
2024 · €593,684+€173,687
Equity
€8.0m
2024 · €7.2m+€767,371
Cash
€352,380
2024 · €580,104-€227,724
Balance sheet total
€23.2m
2024 · €22.2m+€1.0m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+17.3%), from €6.3m to €7.3m
of which Trade receivables: +€1.1m
- Deferred charges and accrued income +€296,196
up €296,196 (+229.5%), from €129,070 to €425,266
Equity and liabilities
- Profit (loss) carried forward +€767,371
up €767,371 (+11.5%), from €6.7m to €7.4m
- Other debts -€365,655
down €365,655 (-54.2%), from €675,251 to €309,595
- Trade debts +€362,519
up €362,519 (+5.6%), from €6.4m to €6.8m
- Tax, wage and social debts +€334,141
up €334,141 (+26.5%), from €1.3m to €1.6m
of which Remuneration and social security: +€169,563
Income statement
- Turnover +€1.9m
up €1.9m (+5.4%), from €35.7m to €37.6m
- Goods and materials +€884,569
up €884,569 (+3.6%), from €24.7m to €25.6m
of which Change in stocks: decrease (increase): +€1.5m
- Staff costs +€429,300
up €429,300 (+7.5%), from €5.7m to €6.2m
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.
Result 2024
€593,684
Turnover
+€1.9m
Other operating income
+€21,384
Goods and materials
-€884,569
Services and other goods
+€203,607
Staff costs
-€429,300
Depreciation
-€63,436
Write-downs
+€5,925
Provisions
-€6,921
Other operating charges
-€27,093
Other operating items
-€453,287
Financial income
+€65,991
Financial charges
+€85,239
Taxes
-€255,901
Result 2025
€767,371
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.
From operations
+€252,967
Investment
-€457,901
Financing
-€22,789
Cash 2024
€580,104
From operations (derived)
+€252,967
Net result for the year
+€767,371
Depreciation
+€381,959
Stocks and contracts
+€198,288
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€296,196
Provisions
+€1,719
Trade debts
+€362,519
Tax, wage and social debts
+€334,141
Other debts
-€365,655
Accrued charges and deferred income
-€48,691
Investment (derived)
-€457,901
Investment in fixed assets (net)
-€457,901
Financing
-€22,789
Debts after one year
+€20,553
Current portion of long-term debt
+€158,965
Short-term financial debts
-€202,307
Cash 2025
€352,380
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,168,695 | €23,197,310 | +€1.0m | +4.6% |
| Fixed assets | 21/28 | €4,644,773 | €4,720,714 | +€75,942 | +1.6% |
| Intangible fixed assets | 21 | €194,111 | €267,348 | +€73,237 | +37.7% |
| Tangible fixed assets | 22/27 | €1,461,811 | €1,455,448 | -€6,364 | -0.4% |
| Land and buildings | 22 | €377,742 | €359,779 | -€17,963 | -4.8% |
| Plant, machinery and equipment | 23 | €357,034 | €501,120 | +€144,085 | +40.4% |
| Furniture and vehicles | 24 | €499,822 | €476,155 | -€23,667 | -4.7% |
| Leasing and similar rights | 25 | €149,613 | €112,059 | -€37,554 | -25.1% |
| Assets under construction and advance payments | 27 | €77,600 | €6,335 | -€71,265 | -91.8% |
| Financial fixed assets | 28 | €2,988,850 | €2,997,919 | +€9,069 | +0.3% |
| Affiliated companies | 280/1 | €2,950,000 | €2,950,000 | = | 0.0% |
| Amounts receivable | 281 | €2,950,000 | €2,950,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €38,850 | €47,919 | +€9,069 | +23.3% |
| Amounts receivable and cash guarantees | 285/8 | €38,850 | €47,919 | +€9,069 | +23.3% |
| Current assets | 29/58 | €17,523,923 | €18,476,595 | +€952,672 | +5.4% |
| Stocks and contracts in progress | 3 | €10,562,649 | €10,364,361 | -€198,288 | -1.9% |
| Stocks | 30/36 | €10,562,649 | €10,364,361 | -€198,288 | -1.9% |
| Raw materials and consumables | 30/31 | €2,221,502 | €2,722,403 | +€500,901 | +22.5% |
| Work in progress | 32 | €303,557 | €218,964 | -€84,593 | -27.9% |
| Finished goods | 33 | €991,243 | €756,912 | -€234,330 | -23.6% |
| Goods purchased for resale | 34 | €6,878,917 | €6,361,577 | -€517,341 | -7.5% |
| Advance payments | 36 | €167,430 | €304,505 | +€137,075 | +81.9% |
| Amounts receivable within one year | 40/41 | €6,252,100 | €7,334,589 | +€1.1m | +17.3% |
| Trade receivables | 40 | €6,130,448 | €7,203,196 | +€1.1m | +17.5% |
| Other amounts receivable | 41 | €121,652 | €131,392 | +€9,740 | +8.0% |
| Cash at bank and in hand | 54/58 | €580,104 | €352,380 | -€227,724 | -39.3% |
| Deferred charges and accrued income | 490/1 | €129,070 | €425,266 | +€296,196 | +229.5% |
| Total equity and liabilities | 10/49 | €22,168,695 | €23,197,310 | +€1.0m | +4.6% |
| Equity | 10/15 | €7,197,096 | €7,964,467 | +€767,371 | +10.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €407,500 | €407,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,676,656 | €7,444,027 | +€767,371 | +11.5% |
| Investment grants | 15 | €37,940 | €37,940 | = | 0.0% |
| Provisions and deferred taxes | 16 | €69,839 | €71,558 | +€1,719 | +2.5% |
| Provisions for liabilities and charges | 160/5 | €69,839 | €71,558 | +€1,719 | +2.5% |
| Other liabilities and charges | 164/5 | €69,839 | €71,558 | +€1,719 | +2.5% |
| Amounts payable | 17/49 | €14,901,760 | €15,161,284 | +€259,524 | +1.7% |
| Amounts payable after more than one year | 17 | €344,045 | €364,598 | +€20,553 | +6.0% |
| Financial debts | 170/4 | €344,045 | €364,598 | +€20,553 | +6.0% |
| Subordinated loans | 170 | - | €95,100 | +€95,100 | |
| Leasing and similar obligations | 172 | €74,934 | €14,299 | -€60,635 | -80.9% |
| Credit institutions | 173 | €269,111 | €255,199 | -€13,912 | -5.2% |
| Amounts payable within one year | 42/48 | €14,411,640 | €14,699,303 | +€287,662 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €176,418 | €335,382 | +€158,965 | +90.1% |
| Financial debts | 43 | €5,865,184 | €5,662,877 | -€202,307 | -3.4% |
| Credit institutions | 430/8 | €5,865,184 | €5,662,877 | -€202,307 | -3.4% |
| Trade debts | 44 | €6,435,064 | €6,797,583 | +€362,519 | +5.6% |
| Suppliers | 440/4 | €6,435,064 | €6,797,583 | +€362,519 | +5.6% |
| Taxes, remuneration and social security | 45 | €1,259,723 | €1,593,865 | +€334,141 | +26.5% |
| Taxes | 450/3 | €380,870 | €545,448 | +€164,578 | +43.2% |
| Remuneration and social security | 454/9 | €878,854 | €1,048,417 | +€169,563 | +19.3% |
| Other amounts payable | 47/48 | €675,251 | €309,595 | -€365,655 | -54.2% |
| Accrued charges and deferred income | 492/3 | €146,075 | €97,384 | -€48,691 | -33.3% |
| Operating income | 70/76A | €36,162,581 | €37,630,450 | +€1.5m | +4.1% |
| Turnover | 70 | €35,657,893 | €37,569,943 | +€1.9m | +5.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €418,270 | -€156,819 | -€575,089 | |
| Other operating income | 74 | €82,500 | €103,884 | +€21,384 | +25.9% |
| Non-recurring operating income | 76A | €3,918 | €113,443 | +€109,524 | +2795.3% |
| Operating charges | 60/66A | €35,082,758 | €36,272,270 | +€1.2m | +3.4% |
| Goods for resale, raw materials and consumables | 60 | €24,676,462 | €25,561,032 | +€884,569 | +3.6% |
| Purchases | 600/8 | €26,162,856 | €25,536,325 | -€626,531 | -2.4% |
| Change in stocks: decrease (increase) | 609 | -€1,486,393 | €24,707 | +€1.5m | |
| Services and other goods | 61 | €4,027,475 | €3,823,868 | -€203,607 | -5.1% |
| Remuneration, social security and pensions | 62 | €5,721,099 | €6,150,399 | +€429,300 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €318,523 | €381,959 | +€63,436 | +19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €52,215 | €46,291 | -€5,925 | -11.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,202 | €1,719 | +€6,921 | |
| Other operating charges | 640/8 | €279,909 | €307,002 | +€27,093 | +9.7% |
| Non-recurring operating charges | 66A | €12,277 | - | -€12,277 | |
| Operating profit (loss) | 9901 | €1,079,823 | €1,358,180 | +€278,358 | +25.8% |
| Financial income | 75/76B | €170,536 | €236,528 | +€65,991 | +38.7% |
| Recurring financial income | 75 | €170,536 | €236,528 | +€65,991 | +38.7% |
| Income from financial fixed assets | 750 | €29,501 | €30,889 | +€1,388 | +4.7% |
| Income from current assets | 751 | €124,699 | €571 | -€124,127 | -99.5% |
| Other financial income | 752/9 | €16,337 | €205,068 | +€188,731 | +1155.2% |
| Financial charges | 65/66B | €577,589 | €492,351 | -€85,239 | -14.8% |
| Recurring financial charges | 65 | €577,589 | €492,351 | -€85,239 | -14.8% |
| Debt charges | 650 | €411,690 | €327,587 | -€84,103 | -20.4% |
| Other financial charges | 652/9 | €165,899 | €164,764 | -€1,136 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €672,770 | €1,102,357 | +€429,588 | +63.9% |
| Income taxes | 67/77 | €79,085 | €334,986 | +€255,901 | +323.6% |
| Taxes | 670/3 | €79,085 | €334,986 | +€255,901 | +323.6% |
| Profit (loss) for the period | 9904 | €593,684 | €767,371 | +€173,687 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €593,684 | €767,371 | +€173,687 | +29.3% |
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 5 October 2026 via checked.be.