TEDOTEC: 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.
TEDOTEC
Largest movements
- Tangible fixed assets -€9,546
down €9,546 (-25.6%), from €37,333 to €27,787
of which Leasing and similar rights: -€9,486
- Receivables within one year +€8,779
up €8,779 (+6.2%), from €141,469 to €150,248
of which Trade receivables: +€18,695
- Cash -€4,594
down €4,594 (-9.4%), from €48,650 to €44,056
mainly Other debts (-€80,638) and Debts after one year (-€41,374)
- Other debts -€80,638
down €80,638 (-35.3%), from €228,307 to €147,669
- Profit (loss) carried forward +€70,774
up €70,774 (+34.7%), from -€204,051 to -€133,277
- Trade debts +€51,212
up €51,212 (+106.8%), from €47,946 to €99,158
- Debts after one year -€41,374
down €41,374 (-52.5%), from €78,874 to €37,500
- Current portion of long-term debt -€12,859
down €12,859 (-53.1%), from €24,232 to €11,374
- Taxes +€8,518
up €8,518 (+3665.7%), from €232 to €8,750
- Other operating charges -€6,552
down €6,552 (-70.0%), from €9,358 to €2,806
- Gross operating margin -€4,169
down €4,169 (-4.6%), from €90,129 to €85,960
- Financial income +€2,103
up €2,103 (+36.6%), from €5,741 to €7,844
- Financial charges -€1,348
down €1,348 (-41.1%), from €3,276 to €1,928
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 | €253,894 | €249,348 | -€4,546 | -1.8% |
| Fixed assets | 21/28 | €37,333 | €28,287 | -€9,046 | -24.2% |
| Tangible fixed assets | 22/27 | €37,333 | €27,787 | -€9,546 | -25.6% |
| Furniture and vehicles | 24 | €18,361 | €18,301 | -€60 | -0.3% |
| Leasing and similar rights | 25 | €18,972 | €9,486 | -€9,486 | -50.0% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €216,560 | €221,061 | +€4,500 | +2.1% |
| Stocks and contracts in progress | 3 | €26,441 | €24,506 | -€1,935 | -7.3% |
| Stocks | 30/36 | €26,441 | €24,506 | -€1,935 | -7.3% |
| Amounts receivable within one year | 40/41 | €141,469 | €150,248 | +€8,779 | +6.2% |
| Trade receivables | 40 | €128,519 | €147,214 | +€18,695 | +14.5% |
| Other amounts receivable | 41 | €12,950 | €3,034 | -€9,916 | -76.6% |
| Cash at bank and in hand | 54/58 | €48,650 | €44,056 | -€4,594 | -9.4% |
| Deferred charges and accrued income | 490/1 | - | €2,250 | +€2,250 | |
| Total equity and liabilities | 10/49 | €253,894 | €249,348 | -€4,546 | -1.8% |
| Equity | 10/15 | -€135,877 | -€65,104 | +€70,774 | +52.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,051 | -€133,277 | +€70,774 | +34.7% |
| Amounts payable | 17/49 | €389,771 | €314,451 | -€75,320 | -19.3% |
| Amounts payable after more than one year | 17 | €78,874 | €37,500 | -€41,374 | -52.5% |
| Financial debts | 170/4 | €78,874 | €37,500 | -€41,374 | -52.5% |
| Amounts payable within one year | 42/48 | €310,897 | €276,951 | -€33,946 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €24,232 | €11,374 | -€12,859 | -53.1% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Other loans | 439 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €47,946 | €99,158 | +€51,212 | +106.8% |
| Suppliers | 440/4 | €47,946 | €99,158 | +€51,212 | +106.8% |
| Taxes, remuneration and social security | 45 | €412 | €8,750 | +€8,338 | +2025.5% |
| Taxes | 450/3 | €412 | €8,750 | +€8,338 | +2025.5% |
| Other amounts payable | 47/48 | €228,307 | €147,669 | -€80,638 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,585 | €9,546 | -€39 | -0.4% |
| Other operating charges | 640/8 | €9,358 | €2,806 | -€6,552 | -70.0% |
| Gross operating margin | 9900 | €90,129 | €85,960 | -€4,169 | -4.6% |
| Operating profit (loss) | 9901 | €71,186 | €73,608 | +€2,422 | +3.4% |
| Financial income | 75/76B | €5,741 | €7,844 | +€2,103 | +36.6% |
| Recurring financial income | 75 | €5,741 | €7,844 | +€2,103 | +36.6% |
| Financial charges | 65/66B | €3,276 | €1,928 | -€1,348 | -41.1% |
| Recurring financial charges | 65 | €3,276 | €1,928 | -€1,348 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €73,652 | €79,524 | +€5,872 | +8.0% |
| Income taxes | 67/77 | €232 | €8,750 | +€8,518 | +3665.7% |
| Profit (loss) for the period | 9904 | €73,420 | €70,774 | -€2,646 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,420 | €70,774 | -€2,646 | -3.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.