TEK Power: 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.
TEK Power
Largest movements
- Stocks and contracts +€20,000
new in 2024: €20,000
- Receivables within one year -€13,756
down €13,756 (-9.5%), from €144,222 to €130,466
of which Other amounts receivable: -€11,628
- Tangible fixed assets +€11,351
new in 2024: €11,351
- Cash -€1,960
down €1,960 (-58.4%), from €3,358 to €1,398
mainly Stocks and contracts (-€20,000) and Investment in fixed assets (net) (-€14,850)
- Trade debts +€6,886
up €6,886 (+41.0%), from €16,811 to €23,697
- Reserves +€6,601
up €6,601 (+17.4%), from €37,997 to €44,598
of which Distributable reserves: +€6,601
- Tax, wage and social debts +€2,148
up €2,148 (+44.7%), from €4,810 to €6,958
of which Taxes: +€3,873
- Gross operating margin -€59,555
down €59,555 (-83.9%), from €70,984 to €11,429
- Staff costs -€37,044
down €37,044 (-99.5%), from €37,231 to €187
- Other operating charges -€7,369
down €7,369 (-87.0%), from €8,466 to €1,097
- Depreciation +€3,279
up €3,279 (+1,490%), from €220 to €3,499
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.
Derived cash bridge
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 | €147,580 | €163,215 | +€15,635 | +10.6% |
| Fixed assets | 21/28 | - | €11,351 | +€11,351 | |
| Tangible fixed assets | 22/27 | - | €11,351 | +€11,351 | |
| Furniture and vehicles | 24 | - | €11,351 | +€11,351 | |
| Current assets | 29/58 | €147,580 | €151,864 | +€4,284 | +2.9% |
| Stocks and contracts in progress | 3 | - | €20,000 | +€20,000 | |
| Contracts in progress | 37 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €144,222 | €130,466 | -€13,756 | -9.5% |
| Trade receivables | 40 | €123,601 | €121,473 | -€2,128 | -1.7% |
| Other amounts receivable | 41 | €20,621 | €8,993 | -€11,628 | -56.4% |
| Cash at bank and in hand | 54/58 | €3,358 | €1,398 | -€1,960 | -58.4% |
| Total equity and liabilities | 10/49 | €147,580 | €163,215 | +€15,635 | +10.6% |
| Equity | 10/15 | €44,197 | €50,798 | +€6,601 | +14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,997 | €44,598 | +€6,601 | +17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,137 | €42,738 | +€6,601 | +18.3% |
| Amounts payable | 17/49 | €103,383 | €112,417 | +€9,034 | +8.7% |
| Amounts payable within one year | 42/48 | €35,413 | €44,447 | +€9,034 | +25.5% |
| Trade debts | 44 | €16,811 | €23,697 | +€6,886 | +41.0% |
| Suppliers | 440/4 | €16,811 | €23,697 | +€6,886 | +41.0% |
| Taxes, remuneration and social security | 45 | €4,810 | €6,958 | +€2,148 | +44.7% |
| Taxes | 450/3 | - | €3,873 | +€3,873 | |
| Remuneration and social security | 454/9 | €4,810 | €3,085 | -€1,725 | -35.9% |
| Other amounts payable | 47/48 | €13,792 | €13,792 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €67,970 | €67,970 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €37,231 | €187 | -€37,044 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €3,499 | +€3,279 | +1,490% |
| Other operating charges | 640/8 | €8,466 | €1,097 | -€7,369 | -87.0% |
| Gross operating margin | 9900 | €70,984 | €11,429 | -€59,555 | -83.9% |
| Operating profit (loss) | 9901 | €25,067 | €6,646 | -€18,421 | -73.5% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €25,022 | €6,601 | -€18,421 | -73.6% |
| Income taxes | 67/77 | €250 | - | -€250 | |
| Profit (loss) for the period | 9904 | €24,772 | €6,601 | -€18,171 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,772 | €6,601 | -€18,171 | -73.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.