Tecveva: 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.
Tecveva
Largest movements
- Current investments +€42,000
up €42,000, from €0 to €42,000
- Cash -€37,266
down €37,266 (-61.5%), from €60,561 to €23,295
mainly Current investments (-€42,000) and Contributions, distributions and other (-€40,541)
- Receivables within one year -€2,871
down €2,871 (-57.9%), from €4,960 to €2,089
of which Trade receivables: -€1,720
- Reserves -€42,407
down €42,407 (-67.3%), from €63,020 to €20,613
of which Distributable reserves: -€41,787
- Other debts +€32,243
up €32,243, from €0 to €32,243
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Trade debts -€758
down €758 (-90.4%), from €839 to €81
- Gross operating margin +€2,694
up €2,694 (+23.6%), from €11,414 to €14,108
- Taxes +€1,022
up €1,022 (+35.2%), from €2,909 to €3,931
- Financial income +€731
up €731 (+75.3%), from €970 to €1,700
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 | €70,247 | €71,537 | +€1,290 | +1.8% |
| Fixed assets | 21/28 | €4,678 | €4,117 | -€561 | -12.0% |
| Tangible fixed assets | 22/27 | €4,678 | €4,117 | -€561 | -12.0% |
| Furniture and vehicles | 24 | €4,678 | €4,117 | -€561 | -12.0% |
| Current assets | 29/58 | €65,570 | €67,420 | +€1,850 | +2.8% |
| Amounts receivable within one year | 40/41 | €4,960 | €2,089 | -€2,871 | -57.9% |
| Trade receivables | 40 | €3,234 | €1,514 | -€1,720 | -53.2% |
| Other amounts receivable | 41 | €1,726 | €576 | -€1,151 | -66.7% |
| Current investments | 50/53 | €0 | €42,000 | +€42,000 | |
| Cash at bank and in hand | 54/58 | €60,561 | €23,295 | -€37,266 | -61.5% |
| Deferred charges and accrued income | 490/1 | €49 | €36 | -€13 | -26.2% |
| Total equity and liabilities | 10/49 | €70,247 | €71,537 | +€1,290 | +1.8% |
| Equity | 10/15 | €69,408 | €39,213 | -€30,195 | -43.5% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €63,020 | €20,613 | -€42,407 | -67.3% |
| Non-distributable reserves | 130/1 | €620 | €0 | -€620 | -100.0% |
| Reserves not available under the articles | 1311 | €620 | €0 | -€620 | -100.0% |
| Distributable reserves | 133 | €62,400 | €20,613 | -€41,787 | -67.0% |
| Profit (loss) carried forward | 14 | €188 | €0 | -€188 | -100.0% |
| Amounts payable | 17/49 | €839 | €32,324 | +€31,485 | +3752.3% |
| Amounts payable within one year | 42/48 | €839 | €32,324 | +€31,485 | +3752.3% |
| Trade debts | 44 | €839 | €81 | -€758 | -90.4% |
| Suppliers | 440/4 | €839 | €81 | -€758 | -90.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €32,243 | +€32,243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €561 | €561 | = | 0.0% |
| Other operating charges | 640/8 | €814 | €915 | +€101 | +12.4% |
| Gross operating margin | 9900 | €11,414 | €14,108 | +€2,694 | +23.6% |
| Operating profit (loss) | 9901 | €10,039 | €12,632 | +€2,593 | +25.8% |
| Financial income | 75/76B | €970 | €1,700 | +€731 | +75.3% |
| Recurring financial income | 75 | €970 | €1,700 | +€731 | +75.3% |
| Financial charges | 65/66B | €54 | €55 | +€1 | +2.5% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €10,955 | €14,277 | +€3,322 | +30.3% |
| Income taxes | 67/77 | €2,909 | €3,931 | +€1,022 | +35.2% |
| Profit (loss) for the period | 9904 | €8,046 | €10,346 | +€2,300 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,046 | €10,346 | +€2,300 | +28.6% |
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 1 October 2026 via checked.be.