TECQS: 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.
TECQS
Largest movements
- Current investments -€142,000
down €142,000 (-81.1%), from €175,009 to €33,009
- Receivables within one year +€105,770
up €105,770 (+156%), from €67,593 to €173,362
of which Other amounts receivable: +€69,788
- Cash +€81,626
up €81,626 (+1,516%), from €5,384 to €87,010
mainly Current investments (+€142,000) and Net result for the year (+€71,696)
- Tangible fixed assets -€16,043
down €16,043 (-45.9%), from €34,975 to €18,931
of which Furniture and vehicles: -€15,204
- Reserves +€42,296
up €42,296 (+22.0%), from €191,954 to €234,250
of which Distributable reserves: +€42,296
- Debts after one year -€11,946
down €11,946 (-74.8%), from €15,961 to €4,015
- Tax, wage and social debts -€6,731
down €6,731 (-39.9%), from €16,866 to €10,135
- Short-term financial debts +€4,072
up €4,072 (+86.0%), from €4,735 to €8,807
- Gross operating margin -€5,409
down €5,409 (-5.1%), from €106,642 to €101,233
- Financial income +€4,187
up €4,187 (+258%), from €1,620 to €5,806
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 | €284,713 | €314,701 | +€29,988 | +10.5% |
| Fixed assets | 21/28 | €34,975 | €18,931 | -€16,043 | -45.9% |
| Tangible fixed assets | 22/27 | €34,975 | €18,931 | -€16,043 | -45.9% |
| Plant, machinery and equipment | 23 | €355 | €191 | -€164 | -46.2% |
| Furniture and vehicles | 24 | €33,945 | €18,740 | -€15,204 | -44.8% |
| Other tangible fixed assets | 26 | €675 | - | -€675 | |
| Current assets | 29/58 | €249,738 | €295,769 | +€46,031 | +18.4% |
| Amounts receivable within one year | 40/41 | €67,593 | €173,362 | +€105,770 | +156% |
| Trade receivables | 40 | €37,820 | €73,802 | +€35,982 | +95.1% |
| Other amounts receivable | 41 | €29,773 | €99,561 | +€69,788 | +234% |
| Current investments | 50/53 | €175,009 | €33,009 | -€142,000 | -81.1% |
| Cash at bank and in hand | 54/58 | €5,384 | €87,010 | +€81,626 | +1,516% |
| Deferred charges and accrued income | 490/1 | €1,753 | €2,389 | +€636 | +36.3% |
| Total equity and liabilities | 10/49 | €284,713 | €314,701 | +€29,988 | +10.5% |
| Equity | 10/15 | €204,354 | €246,650 | +€42,296 | +20.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €191,954 | €234,250 | +€42,296 | +22.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €190,094 | €232,390 | +€42,296 | +22.3% |
| Amounts payable | 17/49 | €80,359 | €68,051 | -€12,308 | -15.3% |
| Amounts payable after more than one year | 17 | €15,961 | €4,015 | -€11,946 | -74.8% |
| Financial debts | 170/4 | €15,961 | €4,015 | -€11,946 | -74.8% |
| Amounts payable within one year | 42/48 | €64,398 | €63,267 | -€1,131 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €11,797 | €11,946 | +€149 | +1.3% |
| Financial debts | 43 | €4,735 | €8,807 | +€4,072 | +86.0% |
| Credit institutions | 430/8 | €4,735 | €8,807 | +€4,072 | +86.0% |
| Trade debts | 44 | €1,601 | €2,979 | +€1,379 | +86.1% |
| Suppliers | 440/4 | €1,601 | €2,979 | +€1,379 | +86.1% |
| Taxes, remuneration and social security | 45 | €16,866 | €10,135 | -€6,731 | -39.9% |
| Taxes | 450/3 | €16,866 | €10,135 | -€6,731 | -39.9% |
| Other amounts payable | 47/48 | €29,400 | €29,400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €769 | +€769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,397 | €15,368 | -€1,029 | -6.3% |
| Other operating charges | 640/8 | €1,428 | €1,915 | +€486 | +34.0% |
| Gross operating margin | 9900 | €106,642 | €101,233 | -€5,409 | -5.1% |
| Operating profit (loss) | 9901 | €88,817 | €83,951 | -€4,867 | -5.5% |
| Financial income | 75/76B | €1,620 | €5,806 | +€4,187 | +258% |
| Recurring financial income | 75 | €1,620 | €5,806 | +€4,187 | +258% |
| Financial charges | 65/66B | €815 | €1,383 | +€568 | +69.8% |
| Recurring financial charges | 65 | €815 | €1,383 | +€568 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €89,623 | €88,374 | -€1,248 | -1.4% |
| Income taxes | 67/77 | €17,268 | €16,678 | -€590 | -3.4% |
| Profit (loss) for the period | 9904 | €72,354 | €71,696 | -€658 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,354 | €71,696 | -€658 | -0.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.