TECside: 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.
TECside
Largest movements
- Receivables within one year +€64,996
up €64,996 (+92.6%), from €70,215 to €135,211
of which Trade receivables: +€64,089
- Tangible fixed assets +€22,235
up €22,235 (+114.6%), from €19,406 to €41,641
of which Plant, machinery and equipment: +€24,728
- Financial fixed assets +€17,290
up €17,290 (+1729.0%), from €1,000 to €18,290
- Stocks and contracts -€12,209
down €12,209 (-30.6%), from €39,860 to €27,651
- Cash +€6,411
up €6,411 (+62.1%), from €10,322 to €16,733
mainly Short-term financial debts (+€50,000) and Trade debts (+€35,686)
- Short-term financial debts +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Profit (loss) carried forward -€45,073
down €45,073 (-499.5%), from -€9,024 to -€54,096
- Trade debts +€35,686
up €35,686 (+115.0%), from €31,028 to €66,714
- Tax, wage and social debts +€31,246
up €31,246 (+119.6%), from €26,127 to €57,373
of which Taxes: +€27,575
- Debts after one year +€20,000
up €20,000 (+49.8%), from €40,200 to €60,200
- Gross operating margin -€54,195
down €54,195 (-52.1%), from €103,922 to €49,727
- Staff costs -€5,298
down €5,298 (-6.4%), from €83,123 to €77,825
- Depreciation +€4,130
up €4,130 (+66.8%), from €6,182 to €10,312
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,802 | €239,525 | +€98,723 | +70.1% |
| Fixed assets | 21/28 | €20,406 | €59,931 | +€39,526 | +193.7% |
| Tangible fixed assets | 22/27 | €19,406 | €41,641 | +€22,235 | +114.6% |
| Plant, machinery and equipment | 23 | €13,599 | €38,328 | +€24,728 | +181.8% |
| Furniture and vehicles | 24 | €5,806 | €3,313 | -€2,493 | -42.9% |
| Financial fixed assets | 28 | €1,000 | €18,290 | +€17,290 | +1729.0% |
| Current assets | 29/58 | €120,397 | €179,594 | +€59,197 | +49.2% |
| Stocks and contracts in progress | 3 | €39,860 | €27,651 | -€12,209 | -30.6% |
| Stocks | 30/36 | €39,860 | €27,651 | -€12,209 | -30.6% |
| Amounts receivable within one year | 40/41 | €70,215 | €135,211 | +€64,996 | +92.6% |
| Trade receivables | 40 | €70,215 | €134,304 | +€64,089 | +91.3% |
| Other amounts receivable | 41 | - | €907 | +€907 | |
| Cash at bank and in hand | 54/58 | €10,322 | €16,733 | +€6,411 | +62.1% |
| Total equity and liabilities | 10/49 | €140,802 | €239,525 | +€98,723 | +70.1% |
| Equity | 10/15 | -€8,924 | -€53,996 | -€45,073 | -505.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,024 | -€54,096 | -€45,073 | -499.5% |
| Amounts payable | 17/49 | €149,726 | €293,522 | +€143,796 | +96.0% |
| Amounts payable after more than one year | 17 | €40,200 | €60,200 | +€20,000 | +49.8% |
| Financial debts | 170/4 | €40,200 | €60,200 | +€20,000 | +49.8% |
| Amounts payable within one year | 42/48 | €109,526 | €233,322 | +€123,796 | +113.0% |
| Financial debts | 43 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Credit institutions | 430/8 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Trade debts | 44 | €31,028 | €66,714 | +€35,686 | +115.0% |
| Suppliers | 440/4 | €31,028 | €66,714 | +€35,686 | +115.0% |
| Advances received on contracts in progress | 46 | - | €2,963 | +€2,963 | |
| Taxes, remuneration and social security | 45 | €26,127 | €57,373 | +€31,246 | +119.6% |
| Taxes | 450/3 | €17,391 | €44,966 | +€27,575 | +158.6% |
| Remuneration and social security | 454/9 | €8,736 | €12,407 | +€3,671 | +42.0% |
| Other amounts payable | 47/48 | €2,371 | €6,272 | +€3,901 | +164.6% |
| Remuneration, social security and pensions | 62 | €83,123 | €77,825 | -€5,298 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,182 | €10,312 | +€4,130 | +66.8% |
| Other operating charges | 640/8 | €586 | €657 | +€71 | +12.2% |
| Gross operating margin | 9900 | €103,922 | €49,727 | -€54,195 | -52.1% |
| Operating profit (loss) | 9901 | €14,031 | -€39,068 | -€53,099 | |
| Financial income | 75/76B | €465 | €20 | -€445 | -95.8% |
| Recurring financial income | 75 | €465 | €20 | -€445 | -95.8% |
| Financial charges | 65/66B | €6,688 | €6,025 | -€663 | -9.9% |
| Recurring financial charges | 65 | €5,171 | €6,025 | +€853 | +16.5% |
| Non-recurring financial charges | 66B | €1,516 | - | -€1,516 | |
| Profit (loss) for the period before taxes | 9903 | €7,808 | -€45,073 | -€52,881 | |
| Income taxes | 67/77 | €128 | - | -€128 | |
| Profit (loss) for the period | 9904 | €7,680 | -€45,073 | -€52,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,680 | -€45,073 | -€52,753 |
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 28 September 2026 via checked.be.