TECSIMA: 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.
TECSIMA
Largest movements
- Cash +€1.5m
up €1.5m (+1008.8%), from €152,929 to €1.7m
mainly Net result for the year (+€1.7m) and Tax, wage and social debts (+€39,630)
- Current investments +€65,577
up €65,577 (+24.0%), from €273,267 to €338,844
- Receivables after one year +€46,149
new in 2025: €46,149
- Financial fixed assets -€31,700
down €31,700 (-33.4%), from €95,015 to €63,315
- Profit (loss) carried forward +€865,137
up €865,137 (+445.4%), from €194,249 to €1.1m
- Reserves +€690,000
up €690,000 (+154.8%), from €445,860 to €1.1m
of which Distributable reserves: +€690,000
- Tax, wage and social debts +€39,630
up €39,630 (+250.1%), from €15,847 to €55,477
of which Taxes: +€42,355
- Other debts +€37,987
up €37,987 (+55.3%), from €68,633 to €106,620
- Debts after one year -€28,533
down €28,533 (-8.8%), from €325,047 to €296,514
of which Financial debts: -€28,533
- Financial income +€1.5m
up €1.5m (+117200.6%), from €1,260 to €1.5m
of which Non-recurring financial income: +€1.5m
- Gross operating margin +€180,612
up €180,612 (+88.3%), from €204,429 to €385,041
- Taxes +€113,429
up €113,429 (+223.6%), from €50,720 to €164,150
- Write-downs +€4,852
new in 2025: €4,852
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 | €1,100,655 | €2,697,696 | +€1.6m | +145.1% |
| Fixed assets | 21/28 | €648,532 | €595,388 | -€53,144 | -8.2% |
| Tangible fixed assets | 22/27 | €553,517 | €532,073 | -€21,444 | -3.9% |
| Land and buildings | 22 | €546,297 | €527,620 | -€18,677 | -3.4% |
| Plant, machinery and equipment | 23 | €4,634 | €3,436 | -€1,198 | -25.8% |
| Furniture and vehicles | 24 | €2,586 | €1,017 | -€1,569 | -60.7% |
| Financial fixed assets | 28 | €95,015 | €63,315 | -€31,700 | -33.4% |
| Current assets | 29/58 | €452,124 | €2,102,309 | +€1.7m | +365.0% |
| Amounts receivable after more than one year | 29 | - | €46,149 | +€46,149 | |
| Other amounts receivable | 291 | - | €46,149 | +€46,149 | |
| Amounts receivable within one year | 40/41 | €23,601 | €19,361 | -€4,240 | -18.0% |
| Trade receivables | 40 | €23,601 | €19,361 | -€4,240 | -18.0% |
| Current investments | 50/53 | €273,267 | €338,844 | +€65,577 | +24.0% |
| Cash at bank and in hand | 54/58 | €152,929 | €1,695,639 | +€1.5m | +1008.8% |
| Deferred charges and accrued income | 490/1 | €2,326 | €2,316 | -€10 | -0.4% |
| Total equity and liabilities | 10/49 | €1,100,655 | €2,697,696 | +€1.6m | +145.1% |
| Equity | 10/15 | €652,509 | €2,207,646 | +€1.6m | +238.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €445,860 | €1,135,860 | +€690,000 | +154.8% |
| 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 | €444,000 | €1,134,000 | +€690,000 | +155.4% |
| Profit (loss) carried forward | 14 | €194,249 | €1,059,386 | +€865,137 | +445.4% |
| Amounts payable | 17/49 | €448,146 | €490,050 | +€41,904 | +9.4% |
| Amounts payable after more than one year | 17 | €325,047 | €296,514 | -€28,533 | -8.8% |
| Financial debts | 170/4 | €323,747 | €295,214 | -€28,533 | -8.8% |
| Other amounts payable | 178/9 | €1,300 | €1,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €122,104 | €193,536 | +€71,432 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €35,321 | €28,533 | -€6,789 | -19.2% |
| Trade debts | 44 | €2,303 | €2,907 | +€603 | +26.2% |
| Suppliers | 440/4 | €2,303 | €2,907 | +€603 | +26.2% |
| Taxes, remuneration and social security | 45 | €15,847 | €55,477 | +€39,630 | +250.1% |
| Taxes | 450/3 | €13,122 | €55,477 | +€42,355 | +322.8% |
| Remuneration and social security | 454/9 | €2,725 | €0 | -€2,725 | -100.0% |
| Other amounts payable | 47/48 | €68,633 | €106,620 | +€37,987 | +55.3% |
| Accrued charges and deferred income | 492/3 | €995 | €0 | -€995 | -100.0% |
| Non-recurring operating income | 76A | €39 | €0 | -€39 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,470 | €21,444 | -€2,026 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,852 | +€4,852 | |
| Other operating charges | 640/8 | €2,561 | €3,553 | +€992 | +38.7% |
| Gross operating margin | 9900 | €204,429 | €385,041 | +€180,612 | +88.3% |
| Operating profit (loss) | 9901 | €178,398 | €355,192 | +€176,794 | +99.1% |
| Financial income | 75/76B | €1,260 | €1,478,093 | +€1.5m | +117200.6% |
| Recurring financial income | 75 | €1,260 | €8,593 | +€7,333 | +582.0% |
| Non-recurring financial income | 76B | - | €1,469,500 | +€1.5m | |
| Financial charges | 65/66B | €6,911 | €3,999 | -€2,913 | -42.1% |
| Recurring financial charges | 65 | €6,911 | €3,999 | -€2,913 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €172,747 | €1,829,287 | +€1.7m | +958.9% |
| Income taxes | 67/77 | €50,720 | €164,150 | +€113,429 | +223.6% |
| Profit (loss) for the period | 9904 | €122,026 | €1,665,137 | +€1.5m | +1264.6% |
| Profit (loss) for the period to be appropriated | 9905 | €122,026 | €1,665,137 | +€1.5m | +1264.6% |
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 29 September 2026 via checked.be.