TECOVIN: 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.
TECOVIN
Largest movements
- Cash +€26,331
up €26,331 (+113%), from €23,255 to €49,586
mainly Net result for the year (+€29,580) and Tax, wage and social debts (+€3,705)
- Tangible fixed assets +€7,775
new in 2025: €7,775
- Current investments +€2,700
up €2,700 (+67.5%), from €4,000 to €6,700
- Reserves +€29,580
up €29,580 (+106%), from €27,970 to €57,550
- Tax, wage and social debts +€3,705
up €3,705 (+205%), from €1,807 to €5,512
- Current portion of long-term debt +€2,019
new in 2025: €2,019
- Gross operating margin +€18,369
up €18,369 (+77.9%), from €23,585 to €41,954
- Taxes +€3,323
up €3,323 (+53.4%), from €6,223 to €9,546
- Depreciation +€1,469
new in 2025: €1,469
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 | €37,458 | €73,483 | +€36,025 | +96.2% |
| Fixed assets | 21/28 | - | €7,775 | +€7,775 | |
| Tangible fixed assets | 22/27 | - | €7,775 | +€7,775 | |
| Plant, machinery and equipment | 23 | - | €7,775 | +€7,775 | |
| Current assets | 29/58 | €37,458 | €65,709 | +€28,251 | +75.4% |
| Amounts receivable within one year | 40/41 | €9,230 | €8,543 | -€687 | -7.4% |
| Trade receivables | 40 | €8,279 | €8,536 | +€257 | +3.1% |
| Other amounts receivable | 41 | €951 | €7 | -€945 | -99.3% |
| Current investments | 50/53 | €4,000 | €6,700 | +€2,700 | +67.5% |
| Cash at bank and in hand | 54/58 | €23,255 | €49,586 | +€26,331 | +113% |
| Deferred charges and accrued income | 490/1 | €973 | €880 | -€93 | -9.6% |
| Total equity and liabilities | 10/49 | €37,458 | €73,483 | +€36,025 | +96.2% |
| Equity | 10/15 | €30,170 | €59,750 | +€29,580 | +98.0% |
| Contributions | 10/11 | €2,200 | €2,200 | = | 0.0% |
| Reserves | 13 | €27,970 | €57,550 | +€29,580 | +106% |
| Distributable reserves | 133 | €27,970 | €57,550 | +€29,580 | +106% |
| Amounts payable | 17/49 | €7,288 | €13,733 | +€6,446 | +88.4% |
| Amounts payable after more than one year | 17 | - | €517 | +€517 | |
| Financial debts | 170/4 | - | €517 | +€517 | |
| Amounts payable within one year | 42/48 | €7,288 | €13,216 | +€5,928 | +81.3% |
| Current portion of amounts payable after more than one year | 42 | - | €2,019 | +€2,019 | |
| Trade debts | 44 | €594 | €704 | +€110 | +18.5% |
| Suppliers | 440/4 | €594 | €704 | +€110 | +18.5% |
| Taxes, remuneration and social security | 45 | €1,807 | €5,512 | +€3,705 | +205% |
| Taxes | 450/3 | €1,807 | €5,512 | +€3,705 | +205% |
| Other amounts payable | 47/48 | €4,886 | €4,981 | +€94 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,469 | +€1,469 | |
| Other operating charges | 640/8 | €909 | €1,171 | +€262 | +28.8% |
| Gross operating margin | 9900 | €23,585 | €41,954 | +€18,369 | +77.9% |
| Operating profit (loss) | 9901 | €22,676 | €39,314 | +€16,638 | +73.4% |
| Financial income | 75/76B | €8 | €176 | +€169 | +2,156% |
| Recurring financial income | 75 | €8 | €176 | +€169 | +2,156% |
| Financial charges | 65/66B | €81 | €365 | +€283 | +348% |
| Recurring financial charges | 65 | €81 | €365 | +€283 | +348% |
| Profit (loss) for the period before taxes | 9903 | €22,602 | €39,126 | +€16,523 | +73.1% |
| Income taxes | 67/77 | €6,223 | €9,546 | +€3,323 | +53.4% |
| Profit (loss) for the period | 9904 | €16,380 | €29,580 | +€13,200 | +80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,380 | €29,580 | +€13,200 | +80.6% |
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 18 October 2026 via checked.be.