TECTIS: 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.
TECTIS
Largest movements
- Cash -€55,428
down €55,428 (-88.2%), from €62,832 to €7,404
mainly Debts after one year (-€115,686) and Current portion of long-term debt (-€24,522)
- Receivables after one year -€37,700
down €37,700 (-27.6%), from €136,808 to €99,108
- Tangible fixed assets -€31,948
down €31,948 (-4.7%), from €678,376 to €646,428
of which Land and buildings: -€18,205
- Debts after one year -€115,686
down €115,686 (-22.9%), from €505,942 to €390,257
of which Other amounts payable: -€68,629
- Current portion of long-term debt -€24,522
down €24,522 (-31.3%), from €78,323 to €53,800
- Profit (loss) carried forward +€18,956
up €18,956 (+12.0%), from -€157,884 to -€138,928
- Financial charges -€20,229
down €20,229, from €14,805 to -€5,424
- Gross operating margin +€8,749
up €8,749 (+22.8%), from €38,325 to €47,074
- Financial income -€1,016
down €1,016 (-34.5%), from €2,948 to €1,932
- Other operating charges +€588
up €588 (+20.7%), from €2,843 to €3,430
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 | €963,355 | €840,139 | -€123,216 | -12.8% |
| Fixed assets | 21/28 | €686,696 | €654,748 | -€31,948 | -4.7% |
| Tangible fixed assets | 22/27 | €678,376 | €646,428 | -€31,948 | -4.7% |
| Land and buildings | 22 | €629,246 | €611,041 | -€18,205 | -2.9% |
| Furniture and vehicles | 24 | €10,972 | €6,473 | -€4,499 | -41.0% |
| Other tangible fixed assets | 26 | €38,158 | €28,914 | -€9,244 | -24.2% |
| Financial fixed assets | 28 | €8,320 | €8,320 | = | 0.0% |
| Current assets | 29/58 | €276,659 | €185,390 | -€91,268 | -33.0% |
| Amounts receivable after more than one year | 29 | €136,808 | €99,108 | -€37,700 | -27.6% |
| Other amounts receivable | 291 | €136,808 | €99,108 | -€37,700 | -27.6% |
| Amounts receivable within one year | 40/41 | €2,716 | €1,829 | -€886 | -32.6% |
| Trade receivables | 40 | €1,113 | €1,829 | +€716 | +64.3% |
| Other amounts receivable | 41 | €1,602 | - | -€1,602 | |
| Current investments | 50/53 | €74,302 | €74,365 | +€63 | +0.1% |
| Cash at bank and in hand | 54/58 | €62,832 | €7,404 | -€55,428 | -88.2% |
| Deferred charges and accrued income | 490/1 | - | €2,683 | +€2,683 | |
| Total equity and liabilities | 10/49 | €963,355 | €840,139 | -€123,216 | -12.8% |
| Equity | 10/15 | €267,959 | €285,131 | +€17,172 | +6.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €339,961 | €339,961 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €332,461 | €332,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,884 | -€138,928 | +€18,956 | +12.0% |
| Investment grants | 15 | €10,882 | €9,098 | -€1,784 | -16.4% |
| Provisions and deferred taxes | 16 | €110,820 | €110,820 | = | 0.0% |
| Deferred taxes | 168 | €110,820 | €110,820 | = | 0.0% |
| Amounts payable | 17/49 | €584,576 | €444,187 | -€140,389 | -24.0% |
| Amounts payable after more than one year | 17 | €505,942 | €390,257 | -€115,686 | -22.9% |
| Financial debts | 170/4 | €437,313 | €390,257 | -€47,056 | -10.8% |
| Other amounts payable | 178/9 | €68,629 | - | -€68,629 | |
| Amounts payable within one year | 42/48 | €78,633 | €53,930 | -€24,703 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €78,323 | €53,800 | -€24,522 | -31.3% |
| Trade debts | 44 | €177 | €15 | -€161 | -91.3% |
| Suppliers | 440/4 | €177 | €15 | -€161 | -91.3% |
| Taxes, remuneration and social security | 45 | €134 | €114 | -€20 | -14.6% |
| Taxes | 450/3 | €134 | €114 | -€20 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,202 | €31,948 | -€254 | -0.8% |
| Other operating charges | 640/8 | €2,843 | €3,430 | +€588 | +20.7% |
| Non-recurring operating charges | 66A | €5,298 | - | -€5,298 | |
| Gross operating margin | 9900 | €38,325 | €47,074 | +€8,749 | +22.8% |
| Operating profit (loss) | 9901 | -€2,018 | €11,695 | +€13,713 | |
| Financial income | 75/76B | €2,948 | €1,932 | -€1,016 | -34.5% |
| Recurring financial income | 75 | €2,948 | €1,932 | -€1,016 | -34.5% |
| Financial charges | 65/66B | €14,805 | -€5,424 | -€20,229 | |
| Recurring financial charges | 65 | €14,805 | -€5,424 | -€20,229 | |
| Profit (loss) for the period before taxes | 9903 | -€13,874 | €19,051 | +€32,926 | |
| Income taxes | 67/77 | €122 | €95 | -€27 | -22.0% |
| Profit (loss) for the period | 9904 | -€13,996 | €18,956 | +€32,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,996 | €18,956 | +€32,952 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.