TECSIN: 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.
TECSIN
Largest movements
- Tangible fixed assets -€15,360
down €15,360 (-49.2%), from €31,199 to €15,838
of which Furniture and vehicles: -€12,620
- Receivables within one year +€12,650
up €12,650 (+1.6%), from €777,360 to €790,010
of which Trade receivables: +€12,650
- Profit (loss) carried forward +€48,050
up €48,050 (+25.2%), from €190,317 to €238,368
- Trade debts -€42,994
down €42,994 (-11.0%), from €392,206 to €349,212
- Tax, wage and social debts +€12,756
up €12,756 (+28.6%), from €44,553 to €57,308
- Other debts -€10,717
down €10,717 (-9.3%), from €114,720 to €104,004
- Gross operating margin -€65,496
down €65,496 (-44.6%), from €146,837 to €81,341
- Turnover -€53,126
down €53,126 (-14.8%), from €358,326 to €305,200
- Taxes -€14,495
down €14,495 (-47.8%), from €30,318 to €15,823
- Purchases and services +€12,370
up €12,370 (+5.8%), from €211,489 to €223,859
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €821,089 | €824,638 | +€3,549 | +0.4% |
| Fixed assets | 21/28 | €43,729 | €28,369 | -€15,360 | -35.1% |
| Tangible fixed assets | 22/27 | €31,199 | €15,838 | -€15,360 | -49.2% |
| Plant, machinery and equipment | 23 | €9,157 | €6,416 | -€2,741 | -29.9% |
| Furniture and vehicles | 24 | €22,042 | €9,423 | -€12,620 | -57.3% |
| Financial fixed assets | 28 | €12,530 | €12,530 | = | 0.0% |
| Current assets | 29/58 | €777,360 | €796,269 | +€18,909 | +2.4% |
| Amounts receivable within one year | 40/41 | €777,360 | €790,010 | +€12,650 | +1.6% |
| Trade receivables | 40 | €722,360 | €735,010 | +€12,650 | +1.8% |
| Other amounts receivable | 41 | €55,000 | €55,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €6,259 | +€6,259 | |
| Total equity and liabilities | 10/49 | €821,089 | €824,638 | +€3,549 | +0.4% |
| Equity | 10/15 | €265,621 | €313,671 | +€48,050 | +18.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €56,712 | €56,712 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €17,353 | €17,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,317 | €238,368 | +€48,050 | +25.2% |
| Amounts payable | 17/49 | €555,468 | €510,967 | -€44,502 | -8.0% |
| Amounts payable within one year | 42/48 | €555,468 | €510,967 | -€44,502 | -8.0% |
| Financial debts | 43 | €3,989 | €443 | -€3,546 | -88.9% |
| Credit institutions | 430/8 | €3,989 | €443 | -€3,546 | -88.9% |
| Trade debts | 44 | €392,206 | €349,212 | -€42,994 | -11.0% |
| Suppliers | 440/4 | €392,206 | €349,212 | -€42,994 | -11.0% |
| Taxes, remuneration and social security | 45 | €44,553 | €57,308 | +€12,756 | +28.6% |
| Taxes | 450/3 | €44,553 | €57,308 | +€12,756 | +28.6% |
| Other amounts payable | 47/48 | €114,720 | €104,004 | -€10,717 | -9.3% |
| Turnover | 70 | €358,326 | €305,200 | -€53,126 | -14.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €211,489 | €223,859 | +€12,370 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,049 | €15,360 | -€1,689 | -9.9% |
| Other operating charges | 640/8 | €2,949 | €1,058 | -€1,891 | -64.1% |
| Gross operating margin | 9900 | €146,837 | €81,341 | -€65,496 | -44.6% |
| Operating profit (loss) | 9901 | €126,839 | €64,923 | -€61,916 | -48.8% |
| Financial charges | 65/66B | €305 | €1,049 | +€745 | +244.3% |
| Recurring financial charges | 65 | €305 | €1,049 | +€745 | +244.3% |
| Profit (loss) for the period before taxes | 9903 | €126,534 | €63,874 | -€62,661 | -49.5% |
| Income taxes | 67/77 | €30,318 | €15,823 | -€14,495 | -47.8% |
| Profit (loss) for the period | 9904 | €96,216 | €48,050 | -€48,166 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €96,216 | €48,050 | -€48,166 | -50.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.