TECX: 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.
TECX
Largest movements
- Tangible fixed assets +€159,954
up €159,954 (+39.2%), from €407,663 to €567,618
of which Land and buildings: +€159,052
- Cash +€7,019
up €7,019 (+81.7%), from €8,587 to €15,606
mainly Debts after one year (+€165,066) and Depreciation (+€24,818)
- Debts after one year +€165,066
up €165,066 (+247%), from €66,754 to €231,820
- Profit (loss) carried forward -€12,259
down €12,259 (-14.2%), from -€86,483 to -€98,742
- Other debts +€11,524
up €11,524 (+9.2%), from €125,534 to €137,058
- Current portion of long-term debt +€11,333
up €11,333 (+154%), from €7,356 to €18,689
- Gross operating margin -€9,196
down €9,196 (-27.0%), from €34,075 to €24,880
- Depreciation +€4,445
up €4,445 (+21.8%), from €20,373 to €24,818
- Taxes -€1,501
down €1,501 (-100%), from €1,501 to €0
- Other operating charges +€993
up €993 (+59.4%), from €1,673 to €2,666
- Financial charges +€860
up €860 (+9.8%), from €8,794 to €9,655
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.
Derived cash bridge
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 | €416,278 | €585,758 | +€169,480 | +40.7% |
| Fixed assets | 21/28 | €407,663 | €567,618 | +€159,954 | +39.2% |
| Tangible fixed assets | 22/27 | €407,663 | €567,618 | +€159,954 | +39.2% |
| Land and buildings | 22 | €407,663 | €566,715 | +€159,052 | +39.0% |
| Furniture and vehicles | 24 | - | €902 | +€902 | |
| Current assets | 29/58 | €8,615 | €18,141 | +€9,526 | +111% |
| Amounts receivable within one year | 40/41 | €0 | €2,535 | +€2,535 | |
| Trade receivables | 40 | - | €35 | +€35 | |
| Other amounts receivable | 41 | €0 | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €8,587 | €15,606 | +€7,019 | +81.7% |
| Deferred charges and accrued income | 490/1 | €28 | €0 | -€28 | -100% |
| Total equity and liabilities | 10/49 | €416,278 | €585,758 | +€169,480 | +40.7% |
| Equity | 10/15 | €207,188 | €194,929 | -€12,259 | -5.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €231,671 | €231,671 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,483 | -€98,742 | -€12,259 | -14.2% |
| Amounts payable | 17/49 | €209,090 | €390,829 | +€181,739 | +86.9% |
| Amounts payable after more than one year | 17 | €66,754 | €231,820 | +€165,066 | +247% |
| Financial debts | 170/4 | €66,754 | €231,820 | +€165,066 | +247% |
| Amounts payable within one year | 42/48 | €142,336 | €158,292 | +€15,956 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €7,356 | €18,689 | +€11,333 | +154% |
| Trade debts | 44 | €2,706 | €144 | -€2,563 | -94.7% |
| Suppliers | 440/4 | €2,706 | €144 | -€2,563 | -94.7% |
| Taxes, remuneration and social security | 45 | €6,740 | €2,401 | -€4,338 | -64.4% |
| Taxes | 450/3 | €6,740 | €2,401 | -€4,338 | -64.4% |
| Other amounts payable | 47/48 | €125,534 | €137,058 | +€11,524 | +9.2% |
| Accrued charges and deferred income | 492/3 | - | €717 | +€717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,373 | €24,818 | +€4,445 | +21.8% |
| Other operating charges | 640/8 | €1,673 | €2,666 | +€993 | +59.4% |
| Gross operating margin | 9900 | €34,075 | €24,880 | -€9,196 | -27.0% |
| Operating profit (loss) | 9901 | €12,029 | -€2,604 | -€14,634 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -90.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -90.6% |
| Financial charges | 65/66B | €8,794 | €9,655 | +€860 | +9.8% |
| Recurring financial charges | 65 | €8,794 | €9,655 | +€860 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €3,235 | -€12,259 | -€15,494 | |
| Income taxes | 67/77 | €1,501 | €0 | -€1,501 | -100% |
| Profit (loss) for the period | 9904 | €1,734 | -€12,259 | -€13,993 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,734 | -€12,259 | -€13,993 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.