TECT EUROPE: 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.
TECT EUROPE
Largest movements
- Tangible fixed assets -€36,539
down €36,539 (-48.2%), from €75,877 to €39,338
of which Leasing and similar rights: -€20,701
- Receivables within one year +€9,127
up €9,127 (+583%), from €1,566 to €10,693
of which Trade receivables: +€8,472
- Cash -€1,371
down €1,371 (-70.8%), from €1,935 to €564
- Profit (loss) carried forward -€54,208
down €54,208 (-158%), from -€34,397 to -€88,605
- Other debts +€27,340
up €27,340 (+182%), from €15,024 to €42,364
- Trade debts +€8,534
up €8,534 (+182%), from €4,677 to €13,211
- Tax, wage and social debts -€5,458
no longer reported in 2023 (was €5,458)
- Current portion of long-term debt -€3,161
down €3,161 (-28.2%), from €11,203 to €8,042
- Gross operating margin +€10,707
up €10,707 (+61.5%), from €17,419 to €28,126
- Depreciation +€7,395
up €7,395 (+45.3%), from €16,330 to €23,725
- Other operating charges -€3,295
down €3,295 (-69.0%), from €4,774 to €1,479
- Financial charges -€1,149
down €1,149 (-61.2%), from €1,879 to €730
- Taxes -€350
no longer reported in 2023 (was €350)
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,911 | €50,595 | -€29,316 | -36.7% |
| Fixed assets | 21/28 | €75,877 | €39,338 | -€36,539 | -48.2% |
| Tangible fixed assets | 22/27 | €75,877 | €39,338 | -€36,539 | -48.2% |
| Furniture and vehicles | 24 | €30,067 | €14,229 | -€15,838 | -52.7% |
| Leasing and similar rights | 25 | €45,810 | €25,109 | -€20,701 | -45.2% |
| Current assets | 29/58 | €4,034 | €11,257 | +€7,223 | +179% |
| Amounts receivable within one year | 40/41 | €1,566 | €10,693 | +€9,127 | +583% |
| Trade receivables | 40 | €1,566 | €10,038 | +€8,472 | +541% |
| Other amounts receivable | 41 | - | €655 | +€655 | |
| Cash at bank and in hand | 54/58 | €1,935 | €564 | -€1,371 | -70.8% |
| Deferred charges and accrued income | 490/1 | €533 | - | -€533 | |
| Total equity and liabilities | 10/49 | €79,911 | €50,595 | -€29,316 | -36.7% |
| Equity | 10/15 | €9,989 | -€44,219 | -€54,208 | |
| Contributions | 10/11 | €35,800 | €35,800 | = | 0.0% |
| Reserves | 13 | €8,586 | €8,586 | +€0 | 0.0% |
| Distributable reserves | 133 | €8,586 | €8,586 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€34,397 | -€88,605 | -€54,208 | -158% |
| Amounts payable | 17/49 | €69,922 | €94,814 | +€24,892 | +35.6% |
| Amounts payable after more than one year | 17 | €31,046 | €31,046 | -€0 | 0.0% |
| Financial debts | 170/4 | €31,046 | €31,046 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €38,493 | €63,769 | +€25,276 | +65.7% |
| Current portion of amounts payable after more than one year | 42 | €11,203 | €8,042 | -€3,161 | -28.2% |
| Financial debts | 43 | €2,131 | €152 | -€1,979 | -92.8% |
| Credit institutions | 430/8 | €2,131 | €152 | -€1,979 | -92.8% |
| Trade debts | 44 | €4,677 | €13,211 | +€8,534 | +182% |
| Suppliers | 440/4 | €4,677 | €13,211 | +€8,534 | +182% |
| Taxes, remuneration and social security | 45 | €5,458 | - | -€5,458 | |
| Taxes | 450/3 | €5,458 | - | -€5,458 | |
| Other amounts payable | 47/48 | €15,024 | €42,364 | +€27,340 | +182% |
| Accrued charges and deferred income | 492/3 | €383 | - | -€383 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,330 | €23,725 | +€7,395 | +45.3% |
| Other operating charges | 640/8 | €4,774 | €1,479 | -€3,295 | -69.0% |
| Gross operating margin | 9900 | €17,419 | €28,126 | +€10,707 | +61.5% |
| Operating profit (loss) | 9901 | -€3,685 | €2,923 | +€6,608 | |
| Financial income | 75/76B | €74 | €35 | -€39 | -52.2% |
| Recurring financial income | 75 | €74 | €35 | -€39 | -52.2% |
| Financial charges | 65/66B | €1,879 | €730 | -€1,149 | -61.2% |
| Recurring financial charges | 65 | €1,879 | €730 | -€1,149 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,490 | €2,228 | +€7,718 | |
| Income taxes | 67/77 | €350 | - | -€350 | |
| Profit (loss) for the period | 9904 | -€5,840 | €2,228 | +€8,068 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,840 | €2,228 | +€8,068 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.