TECWARE: 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.
TECWARE
Largest movements
- Receivables within one year -€21,680
down €21,680 (-64.2%), from €33,783 to €12,104
of which Trade receivables: -€33,232
- Cash -€4,320
down €4,320 (-95.3%), from €4,533 to €213
mainly Net result for the year (-€58,356) and Trade debts (-€12,230)
- Stocks and contracts -€1,174
no longer reported in 2025 (was €1,174)
- Tangible fixed assets -€490
down €490 (-24.2%), from €2,028 to €1,538
- Profit (loss) carried forward -€58,356
down €58,356 (-124.9%), from -€46,737 to -€105,093
- Short-term financial debts +€54,718
up €54,718 (+353.0%), from €15,500 to €70,218
of which Other loans: +€34,500
- Trade debts -€12,230
down €12,230 (-52.2%), from €23,439 to €11,209
- Debts after one year -€7,754
down €7,754 (-25.2%), from €30,729 to €22,976
- Tax, wage and social debts -€3,942
down €3,942 (-95.4%), from €4,133 to €191
- Gross operating margin +€6,218
up €6,218 (+10.2%), from -€61,056 to -€54,838
- Financial charges +€1,567
up €1,567 (+76.0%), from €2,063 to €3,630
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 | €41,518 | €14,255 | -€27,263 | -65.7% |
| Fixed assets | 21/28 | €2,028 | €1,538 | -€490 | -24.2% |
| Tangible fixed assets | 22/27 | €2,028 | €1,538 | -€490 | -24.2% |
| Plant, machinery and equipment | 23 | €2,028 | €1,538 | -€490 | -24.2% |
| Current assets | 29/58 | €39,490 | €12,717 | -€26,773 | -67.8% |
| Stocks and contracts in progress | 3 | €1,174 | - | -€1,174 | |
| Stocks | 30/36 | €1,174 | - | -€1,174 | |
| Amounts receivable within one year | 40/41 | €33,783 | €12,104 | -€21,680 | -64.2% |
| Trade receivables | 40 | €33,232 | - | -€33,232 | |
| Other amounts receivable | 41 | €551 | €12,104 | +€11,552 | +2095.6% |
| Cash at bank and in hand | 54/58 | €4,533 | €213 | -€4,320 | -95.3% |
| Deferred charges and accrued income | 490/1 | - | €400 | +€400 | |
| Total equity and liabilities | 10/49 | €41,518 | €14,255 | -€27,263 | -65.7% |
| Equity | 10/15 | -€39,737 | -€98,093 | -€58,356 | -146.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,737 | -€105,093 | -€58,356 | -124.9% |
| Amounts payable | 17/49 | €81,255 | €112,348 | +€31,093 | +38.3% |
| Amounts payable after more than one year | 17 | €30,729 | €22,976 | -€7,754 | -25.2% |
| Financial debts | 170/4 | €30,729 | €22,976 | -€7,754 | -25.2% |
| Amounts payable within one year | 42/48 | €50,525 | €89,372 | +€38,847 | +76.9% |
| Current portion of amounts payable after more than one year | 42 | €7,453 | €7,754 | +€301 | +4.0% |
| Financial debts | 43 | €15,500 | €70,218 | +€54,718 | +353.0% |
| Credit institutions | 430/8 | - | €20,218 | +€20,218 | |
| Other loans | 439 | €15,500 | €50,000 | +€34,500 | +222.6% |
| Trade debts | 44 | €23,439 | €11,209 | -€12,230 | -52.2% |
| Suppliers | 440/4 | €23,439 | €11,209 | -€12,230 | -52.2% |
| Taxes, remuneration and social security | 45 | €4,133 | €191 | -€3,942 | -95.4% |
| Taxes | 450/3 | €4,133 | €191 | -€3,942 | -95.4% |
| Remuneration, social security and pensions | 62 | €80 | - | -€80 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422 | €490 | +€68 | +16.2% |
| Other operating charges | 640/8 | €207 | €144 | -€63 | -30.5% |
| Gross operating margin | 9900 | -€61,056 | -€54,838 | +€6,218 | +10.2% |
| Operating profit (loss) | 9901 | -€61,764 | -€55,472 | +€6,292 | +10.2% |
| Financial income | 75/76B | €821 | €746 | -€75 | -9.1% |
| Recurring financial income | 75 | €821 | €746 | -€75 | -9.1% |
| Financial charges | 65/66B | €2,063 | €3,630 | +€1,567 | +76.0% |
| Recurring financial charges | 65 | €2,063 | €3,630 | +€1,567 | +76.0% |
| Profit (loss) for the period before taxes | 9903 | -€63,006 | -€58,356 | +€4,650 | +7.4% |
| Profit (loss) for the period | 9904 | -€63,006 | -€58,356 | +€4,650 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,006 | -€58,356 | +€4,650 | +7.4% |
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 28 September 2026 via checked.be.