TECONOR: 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.
TECONOR
Largest movements
- Tangible fixed assets -€49,638
down €49,638 (-23.5%), from €210,903 to €161,265
of which Furniture and vehicles: -€28,927
- Cash +€22,794
up €22,794 (+45.7%), from €49,880 to €72,674
mainly Depreciation (+€57,928) and Receivables within one year (+€6,125)
- Receivables within one year -€6,125
down €6,125 (-23.4%), from €26,186 to €20,061
of which Trade receivables: -€5,997
- Current portion of long-term debt -€23,755
down €23,755 (-68.9%), from €34,453 to €10,698
- Debts after one year -€10,698
down €10,698 (-22.4%), from €47,771 to €37,073
- Gross operating margin -€10,008
down €10,008 (-7.3%), from €136,876 to €126,869
- Staff costs -€5,042
down €5,042 (-7.4%), from €68,510 to €63,468
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 | €334,760 | €299,991 | -€34,769 | -10.4% |
| Fixed assets | 21/28 | €210,978 | €161,340 | -€49,638 | -23.5% |
| Tangible fixed assets | 22/27 | €210,903 | €161,265 | -€49,638 | -23.5% |
| Land and buildings | 22 | €101,183 | €94,896 | -€6,287 | -6.2% |
| Plant, machinery and equipment | 23 | €25,554 | €22,278 | -€3,276 | -12.8% |
| Furniture and vehicles | 24 | €29,152 | €225 | -€28,927 | -99.2% |
| Leasing and similar rights | 25 | €55,015 | €43,867 | -€11,148 | -20.3% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €123,782 | €138,651 | +€14,869 | +12.0% |
| Stocks and contracts in progress | 3 | €42,622 | €43,555 | +€933 | +2.2% |
| Stocks | 30/36 | €42,622 | €43,555 | +€933 | +2.2% |
| Amounts receivable within one year | 40/41 | €26,186 | €20,061 | -€6,125 | -23.4% |
| Trade receivables | 40 | €25,574 | €19,577 | -€5,997 | -23.4% |
| Other amounts receivable | 41 | €613 | €484 | -€129 | -21.0% |
| Cash at bank and in hand | 54/58 | €49,880 | €72,674 | +€22,794 | +45.7% |
| Deferred charges and accrued income | 490/1 | €5,093 | €2,361 | -€2,732 | -53.6% |
| Total equity and liabilities | 10/49 | €334,760 | €299,991 | -€34,769 | -10.4% |
| Equity | 10/15 | €218,845 | €220,013 | +€1,168 | +0.5% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €183,789 | €183,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €0 | -€3,718 | -100% |
| Reserves not available under the articles | 1311 | €3,718 | €0 | -€3,718 | -100% |
| Distributable reserves | 133 | €180,071 | €183,789 | +€3,718 | +2.1% |
| Profit (loss) carried forward | 14 | -€2,144 | -€976 | +€1,168 | +54.5% |
| Amounts payable | 17/49 | €115,914 | €79,978 | -€35,936 | -31.0% |
| Amounts payable after more than one year | 17 | €47,771 | €37,073 | -€10,698 | -22.4% |
| Financial debts | 170/4 | €47,771 | €37,073 | -€10,698 | -22.4% |
| Amounts payable within one year | 42/48 | €68,144 | €42,825 | -€25,319 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €34,453 | €10,698 | -€23,755 | -68.9% |
| Trade debts | 44 | €7,425 | €7,103 | -€322 | -4.3% |
| Suppliers | 440/4 | €7,425 | €7,103 | -€322 | -4.3% |
| Taxes, remuneration and social security | 45 | €10,549 | €7,911 | -€2,637 | -25.0% |
| Taxes | 450/3 | - | €2,027 | +€2,027 | |
| Remuneration and social security | 454/9 | €10,549 | €5,884 | -€4,665 | -44.2% |
| Other amounts payable | 47/48 | €15,717 | €17,113 | +€1,396 | +8.9% |
| Accrued charges and deferred income | 492/3 | - | €80 | +€80 | |
| Remuneration, social security and pensions | 62 | €68,510 | €63,468 | -€5,042 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,757 | €57,928 | -€829 | -1.4% |
| Other operating charges | 640/8 | €1,546 | €2,129 | +€583 | +37.7% |
| Gross operating margin | 9900 | €136,876 | €126,869 | -€10,008 | -7.3% |
| Operating profit (loss) | 9901 | €8,064 | €3,343 | -€4,720 | -58.5% |
| Financial income | 75/76B | €8 | €1,151 | +€1,143 | +14,639% |
| Recurring financial income | 75 | €8 | €1,151 | +€1,143 | +14,639% |
| Financial charges | 65/66B | €3,969 | €2,936 | -€1,033 | -26.0% |
| Recurring financial charges | 65 | €3,969 | €2,936 | -€1,033 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €4,102 | €1,558 | -€2,543 | -62.0% |
| Income taxes | 67/77 | €422 | €391 | -€31 | -7.4% |
| Profit (loss) for the period | 9904 | €3,680 | €1,168 | -€2,512 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,680 | €1,168 | -€2,512 | -68.3% |
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 21 October 2026 via checked.be.