TEK TRANSMAT: 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 TRANSMAT
Largest movements
- Receivables within one year -€141,192
down €141,192 (-39.2%), from €360,133 to €218,941
of which Other amounts receivable: -€154,853
- Tangible fixed assets -€68,234
down €68,234 (-22.6%), from €302,276 to €234,042
of which Leasing and similar rights: -€69,561
- Deferred charges and accrued income +€7,701
up €7,701 (+47.8%), from €16,120 to €23,821
- Tax, wage and social debts -€97,546
down €97,546 (-41.1%), from €237,444 to €139,899
of which Remuneration and social security: -€90,590
- Debts after one year -€56,528
down €56,528 (-39.0%), from €144,907 to €88,379
- Current portion of long-term debt -€41,363
down €41,363 (-42.3%), from €97,891 to €56,528
- Profit (loss) carried forward +€15,195
up €15,195 (+41.1%), from -€36,990 to -€21,796
- Trade debts -€10,168
down €10,168 (-7.7%), from €131,348 to €121,180
- Gross operating margin -€36,724
down €36,724 (-4.5%), from €809,239 to €772,515
- Financial charges -€34,370
down €34,370 (-65.8%), from €52,220 to €17,851
- Staff costs -€21,517
down €21,517 (-3.1%), from €694,906 to €673,389
- Other operating charges -€11,488
down €11,488 (-91.1%), from €12,605 to €1,117
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 | €698,866 | €500,453 | -€198,414 | -28.4% |
| Fixed assets | 21/28 | €302,681 | €239,447 | -€63,234 | -20.9% |
| Tangible fixed assets | 22/27 | €302,276 | €234,042 | -€68,234 | -22.6% |
| Plant, machinery and equipment | 23 | €178 | - | -€178 | |
| Furniture and vehicles | 24 | €637 | €2,142 | +€1,505 | +236% |
| Leasing and similar rights | 25 | €301,461 | €231,900 | -€69,561 | -23.1% |
| Financial fixed assets | 28 | €405 | €5,405 | +€5,000 | +1,235% |
| Current assets | 29/58 | €396,185 | €261,006 | -€135,179 | -34.1% |
| Amounts receivable within one year | 40/41 | €360,133 | €218,941 | -€141,192 | -39.2% |
| Trade receivables | 40 | €93,823 | €107,484 | +€13,661 | +14.6% |
| Other amounts receivable | 41 | €266,310 | €111,457 | -€154,853 | -58.1% |
| Cash at bank and in hand | 54/58 | €19,931 | €18,244 | -€1,687 | -8.5% |
| Deferred charges and accrued income | 490/1 | €16,120 | €23,821 | +€7,701 | +47.8% |
| Total equity and liabilities | 10/49 | €698,866 | €500,453 | -€198,414 | -28.4% |
| Equity | 10/15 | €31,180 | €46,375 | +€15,195 | +48.7% |
| 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 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,990 | -€21,796 | +€15,195 | +41.1% |
| Amounts payable | 17/49 | €667,686 | €454,078 | -€213,608 | -32.0% |
| Amounts payable after more than one year | 17 | €144,907 | €88,379 | -€56,528 | -39.0% |
| Financial debts | 170/4 | €144,907 | €88,379 | -€56,528 | -39.0% |
| Amounts payable within one year | 42/48 | €499,756 | €346,540 | -€153,216 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €97,891 | €56,528 | -€41,363 | -42.3% |
| Financial debts | 43 | €32,363 | €28,933 | -€3,430 | -10.6% |
| Credit institutions | 430/8 | €32,363 | €28,933 | -€3,430 | -10.6% |
| Trade debts | 44 | €131,348 | €121,180 | -€10,168 | -7.7% |
| Suppliers | 440/4 | €131,348 | €121,180 | -€10,168 | -7.7% |
| Taxes, remuneration and social security | 45 | €237,444 | €139,899 | -€97,546 | -41.1% |
| Taxes | 450/3 | €54,413 | €47,457 | -€6,956 | -12.8% |
| Remuneration and social security | 454/9 | €183,032 | €92,442 | -€90,590 | -49.5% |
| Other amounts payable | 47/48 | €710 | - | -€710 | |
| Accrued charges and deferred income | 492/3 | €23,022 | €19,159 | -€3,863 | -16.8% |
| Remuneration, social security and pensions | 62 | €694,906 | €673,389 | -€21,517 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,079 | €70,079 | +€0 | 0.0% |
| Other operating charges | 640/8 | €12,605 | €1,117 | -€11,488 | -91.1% |
| Gross operating margin | 9900 | €809,239 | €772,515 | -€36,724 | -4.5% |
| Operating profit (loss) | 9901 | €31,649 | €27,931 | -€3,718 | -11.7% |
| Financial income | 75/76B | €71 | €7,594 | +€7,523 | +10,548% |
| Recurring financial income | 75 | €71 | €7,594 | +€7,523 | +10,548% |
| Financial charges | 65/66B | €52,220 | €17,851 | -€34,370 | -65.8% |
| Recurring financial charges | 65 | €52,220 | €17,851 | -€34,370 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,500 | €17,674 | +€38,174 | |
| Income taxes | 67/77 | €8,133 | €2,480 | -€5,653 | -69.5% |
| Profit (loss) for the period | 9904 | -€28,633 | €15,195 | +€43,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,633 | €15,195 | +€43,827 |
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 20 October 2026 via checked.be.