TEIN TECHNOLOGY: 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.
What changed
TEIN TECHNOLOGY
NACE 26.300, Manufacture of computer, electronic and optical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€109,628
2024 · €627,333-€517,705
Equity
€4.1m
2024 · €4.0m+€64,253
Cash
€896,640
2024 · €1.0m-€123,773
Balance sheet total
€10.7m
2024 · €10.2m+€465,440
Largest movements
Assets
- Receivables within one year +€513,042
up €513,042 (+10.1%), from €5.1m to €5.6m
of which Trade receivables: +€450,311
- Stocks and contracts +€344,358
up €344,358 (+11.6%), from €3.0m to €3.3m
of which Contracts in progress: +€285,451
- Tangible fixed assets -€193,207
down €193,207 (-22.1%), from €875,935 to €682,728
of which Land and buildings: -€187,126
- Cash -€123,773
down €123,773 (-12.1%), from €1.0m to €896,640
mainly Receivables within one year (-€513,042) and Stocks and contracts (-€344,358)
Equity and liabilities
- Accrued charges and deferred income +€426,394
up €426,394 (+263.3%), from €161,964 to €588,359
- Short-term financial debts -€250,205
down €250,205 (-7.5%), from €3.3m to €3.1m
- Trade debts +€215,856
up €215,856 (+10.6%), from €2.0m to €2.3m
Income statement
- Staff costs +€899,403
up €899,403 (+21.1%), from €4.3m to €5.2m
- Services and other goods +€488,228
up €488,228 (+13.7%), from €3.6m to €4.1m
- Goods and materials -€365,453
down €365,453 (-5.5%), from €6.6m to €6.2m
of which Change in stocks: decrease (increase): -€188,392
- Turnover +€297,089
up €297,089 (+2.0%), from €14.9m to €15.2m
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.
Result 2024
€627,333
Turnover
+€297,089
Other operating income
+€36,647
Goods and materials
+€365,453
Services and other goods
-€488,228
Staff costs
-€899,403
Depreciation
-€10,160
Other operating charges
+€51,563
Other operating items
+€93,689
Financial income
-€1,826
Financial charges
+€36,573
Taxes
+€898
Result 2025
€109,628
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.
From operations
+€245,101
Investment
-€73,295
Financing
-€295,580
Cash 2024
€1.0m
From operations (derived)
+€245,101
Net result for the year
+€109,628
Depreciation
+€235,150
Stocks and contracts
-€344,358
Receivables within one year
-€513,042
Deferred charges and accrued income
+€106,331
Trade debts
+€215,856
Tax, wage and social debts
+€48,403
Other debts
-€39,261
Accrued charges and deferred income
+€426,394
Investment (derived)
-€73,295
Investment in fixed assets (net)
-€73,295
Financing
-€295,580
Short-term financial debts
-€250,205
Contributions, distributions and other
-€45,375
Cash 2025
€896,640
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,238,053 | €10,703,493 | +€465,440 | +4.5% |
| Fixed assets | 21/28 | €880,380 | €718,525 | -€161,854 | -18.4% |
| Intangible fixed assets | 21 | €4,445 | €27,665 | +€23,220 | +522.4% |
| Tangible fixed assets | 22/27 | €875,935 | €682,728 | -€193,207 | -22.1% |
| Land and buildings | 22 | €653,997 | €466,871 | -€187,126 | -28.6% |
| Plant, machinery and equipment | 23 | €156,449 | €137,903 | -€18,545 | -11.9% |
| Furniture and vehicles | 24 | €65,489 | €76,709 | +€11,220 | +17.1% |
| Leasing and similar rights | 25 | - | €1,245 | +€1,245 | |
| Financial fixed assets | 28 | - | €8,132 | +€8,132 | |
| Affiliated companies | 280/1 | - | €8,132 | +€8,132 | |
| Participating interests | 280 | - | €8,132 | +€8,132 | |
| Current assets | 29/58 | €9,357,673 | €9,984,968 | +€627,295 | +6.7% |
| Stocks and contracts in progress | 3 | €2,967,002 | €3,311,360 | +€344,358 | +11.6% |
| Stocks | 30/36 | €514,899 | €573,806 | +€58,907 | +11.4% |
| Raw materials and consumables | 30/31 | €514,899 | €573,806 | +€58,907 | +11.4% |
| Contracts in progress | 37 | €2,452,103 | €2,737,554 | +€285,451 | +11.6% |
| Amounts receivable within one year | 40/41 | €5,057,963 | €5,571,005 | +€513,042 | +10.1% |
| Trade receivables | 40 | €3,979,467 | €4,429,777 | +€450,311 | +11.3% |
| Other amounts receivable | 41 | €1,078,497 | €1,141,228 | +€62,731 | +5.8% |
| Cash at bank and in hand | 54/58 | €1,020,413 | €896,640 | -€123,773 | -12.1% |
| Deferred charges and accrued income | 490/1 | €312,295 | €205,963 | -€106,331 | -34.0% |
| Total equity and liabilities | 10/49 | €10,238,053 | €10,703,493 | +€465,440 | +4.5% |
| Equity | 10/15 | €4,003,304 | €4,067,556 | +€64,253 | +1.6% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €3,253,304 | €3,317,556 | +€64,253 | +2.0% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €3,178,304 | €3,242,556 | +€64,253 | +2.0% |
| Amounts payable | 17/49 | €6,234,749 | €6,635,937 | +€401,188 | +6.4% |
| Amounts payable within one year | 42/48 | €6,072,785 | €6,047,578 | -€25,207 | -0.4% |
| Financial debts | 43 | €3,323,919 | €3,073,714 | -€250,205 | -7.5% |
| Credit institutions | 430/8 | €3,323,919 | €3,073,714 | -€250,205 | -7.5% |
| Trade debts | 44 | €2,038,289 | €2,254,145 | +€215,856 | +10.6% |
| Suppliers | 440/4 | €2,038,289 | €2,254,145 | +€215,856 | +10.6% |
| Taxes, remuneration and social security | 45 | €625,941 | €674,344 | +€48,403 | +7.7% |
| Taxes | 450/3 | €167,342 | €164,154 | -€3,188 | -1.9% |
| Remuneration and social security | 454/9 | €458,599 | €510,190 | +€51,591 | +11.2% |
| Other amounts payable | 47/48 | €84,636 | €45,375 | -€39,261 | -46.4% |
| Accrued charges and deferred income | 492/3 | €161,964 | €588,359 | +€426,394 | +263.3% |
| Operating income | 70/76A | €15,595,536 | €16,022,960 | +€427,425 | +2.7% |
| Turnover | 70 | €14,891,754 | €15,188,843 | +€297,089 | +2.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €509,418 | €285,451 | -€223,968 | -44.0% |
| Other operating income | 74 | €176,408 | €213,055 | +€36,647 | +20.8% |
| Non-recurring operating income | 76A | €17,955 | €335,612 | +€317,656 | +1769.2% |
| Operating charges | 60/66A | €14,722,797 | €15,703,571 | +€980,774 | +6.7% |
| Goods for resale, raw materials and consumables | 60 | €6,591,249 | €6,225,796 | -€365,453 | -5.5% |
| Purchases | 600/8 | €6,461,764 | €6,284,703 | -€177,061 | -2.7% |
| Change in stocks: decrease (increase) | 609 | €129,485 | -€58,907 | -€188,392 | |
| Services and other goods | 61 | €3,567,575 | €4,055,803 | +€488,228 | +13.7% |
| Remuneration, social security and pensions | 62 | €4,268,934 | €5,168,336 | +€899,403 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224,989 | €235,150 | +€10,160 | +4.5% |
| Other operating charges | 640/8 | €70,050 | €18,487 | -€51,563 | -73.6% |
| Operating profit (loss) | 9901 | €872,739 | €319,389 | -€553,350 | -63.4% |
| Financial income | 75/76B | €56,410 | €54,584 | -€1,826 | -3.2% |
| Recurring financial income | 75 | €56,410 | €54,584 | -€1,826 | -3.2% |
| Income from current assets | 751 | €48,691 | €44,268 | -€4,424 | -9.1% |
| Other financial income | 752/9 | €7,718 | €10,316 | +€2,598 | +33.7% |
| Financial charges | 65/66B | €280,906 | €244,333 | -€36,573 | -13.0% |
| Recurring financial charges | 65 | €280,906 | €244,333 | -€36,573 | -13.0% |
| Debt charges | 650 | €250,173 | €207,179 | -€42,993 | -17.2% |
| Other financial charges | 652/9 | €30,733 | €37,153 | +€6,420 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €648,243 | €129,640 | -€518,603 | -80.0% |
| Income taxes | 67/77 | €20,911 | €20,013 | -€898 | -4.3% |
| Taxes | 670/3 | €32,974 | €20,013 | -€12,961 | -39.3% |
| Tax adjustments and reversals of tax provisions | 77 | €12,063 | - | -€12,063 | |
| Profit (loss) for the period | 9904 | €627,333 | €109,628 | -€517,705 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €627,333 | €109,628 | -€517,705 | -82.5% |
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 6 October 2026 via checked.be.