TECUM: what changed
TECUM
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€50,054
down €50,054 (-18.1%), from €275,820 to €225,766
mainly Current investments (-€100,000) and Other debts (-€56,918)
- Tangible fixed assets +€16,339
up €16,339 (+15.4%), from €106,186 to €122,525
of which Plant, machinery and equipment: +€47,957
- Receivables within one year -€6,216
down €6,216 (-29.9%), from €20,764 to €14,548
of which Other amounts receivable: -€11,986
- Reserves +€64,241
up €64,241 (+41.0%), from €156,524 to €220,765
of which Distributable reserves: +€64,241
- Other debts -€56,918
down €56,918 (-100%), from €56,918 to €0
- Debts after one year +€55,314
up €55,314 (+53.4%), from €103,538 to €158,852
of which Other amounts payable: +€46,836
- Trade debts -€6,761
down €6,761 (-33.5%), from €20,158 to €13,398
- Current portion of long-term debt +€5,842
up €5,842 (+16.2%), from €36,087 to €41,929
- Gross operating margin +€21,722
up €21,722 (+19.1%), from €114,010 to €135,732
- Depreciation +€5,219
up €5,219 (+15.6%), from €33,443 to €38,661
- Taxes +€4,838
up €4,838 (+32.2%), from €15,048 to €19,886
- Financial charges +€1,908
up €1,908 (+27.3%), from €6,998 to €8,905
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €402,869 | €462,938 | +€60,069 | +14.9% |
| Fixed assets | 21/28 | €106,285 | €122,624 | +€16,339 | +15.4% |
| Tangible fixed assets | 22/27 | €106,186 | €122,525 | +€16,339 | +15.4% |
| Plant, machinery and equipment | 23 | €6,412 | €54,369 | +€47,957 | +748% |
| Furniture and vehicles | 24 | €99,774 | €68,156 | -€31,618 | -31.7% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €296,584 | €340,314 | +€43,730 | +14.7% |
| Amounts receivable within one year | 40/41 | €20,764 | €14,548 | -€6,216 | -29.9% |
| Trade receivables | 40 | €3,867 | €9,638 | +€5,771 | +149% |
| Other amounts receivable | 41 | €16,897 | €4,910 | -€11,986 | -70.9% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €275,820 | €225,766 | -€50,054 | -18.1% |
| Total equity and liabilities | 10/49 | €402,869 | €462,938 | +€60,069 | +14.9% |
| Equity | 10/15 | €175,524 | €239,765 | +€64,241 | +36.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €156,524 | €220,765 | +€64,241 | +41.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €154,624 | €218,865 | +€64,241 | +41.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €227,346 | €223,173 | -€4,172 | -1.8% |
| Amounts payable after more than one year | 17 | €103,538 | €158,852 | +€55,314 | +53.4% |
| Financial debts | 170/4 | €44,972 | €53,450 | +€8,478 | +18.9% |
| Other amounts payable | 178/9 | €58,566 | €105,402 | +€46,836 | +80.0% |
| Amounts payable within one year | 42/48 | €122,807 | €62,934 | -€59,874 | -48.8% |
| Current portion of amounts payable after more than one year | 42 | €36,087 | €41,929 | +€5,842 | +16.2% |
| Financial debts | 43 | €5,078 | €2,360 | -€2,718 | -53.5% |
| Credit institutions | 430/8 | €5,078 | €2,360 | -€2,718 | -53.5% |
| Trade debts | 44 | €20,158 | €13,398 | -€6,761 | -33.5% |
| Suppliers | 440/4 | €20,158 | €13,398 | -€6,761 | -33.5% |
| Taxes, remuneration and social security | 45 | €4,567 | €5,248 | +€681 | +14.9% |
| Taxes | 450/3 | €1,174 | €1,791 | +€617 | +52.5% |
| Remuneration and social security | 454/9 | €3,393 | €3,457 | +€64 | +1.9% |
| Other amounts payable | 47/48 | €56,918 | €0 | -€56,918 | -100% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,388 | +€388 | +38.8% |
| Non-recurring operating income | 76A | €886 | €3,884 | +€2,998 | +338% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,443 | €38,661 | +€5,219 | +15.6% |
| Other operating charges | 640/8 | €2,565 | €2,575 | +€10 | +0.4% |
| Non-recurring operating charges | 66A | - | €2,630 | +€2,630 | |
| Gross operating margin | 9900 | €114,010 | €135,732 | +€21,722 | +19.1% |
| Operating profit (loss) | 9901 | €78,002 | €91,866 | +€13,864 | +17.8% |
| Financial income | 75/76B | €962 | €1,168 | +€205 | +21.4% |
| Recurring financial income | 75 | €962 | €1,168 | +€205 | +21.4% |
| Financial charges | 65/66B | €6,998 | €8,905 | +€1,908 | +27.3% |
| Recurring financial charges | 65 | €6,998 | €8,905 | +€1,908 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €71,966 | €84,128 | +€12,162 | +16.9% |
| Income taxes | 67/77 | €15,048 | €19,886 | +€4,838 | +32.2% |
| Profit (loss) for the period | 9904 | €56,918 | €64,241 | +€7,323 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,918 | €64,241 | +€7,323 | +12.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.