TEKBIR: 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.
TEKBIR
Largest movements
- Financial fixed assets +€1.4m
new in 2025: €1.4m
- Cash -€1.2m
down €1.2m (-82.1%), from €1.5m to €271,749
mainly Investment in fixed assets (net) (-€1.4m) and Debts after one year (-€31,460)
- Tangible fixed assets -€55,074
down €55,074 (-34.1%), from €161,417 to €106,343
of which Furniture and vehicles: -€41,174
- Profit (loss) carried forward +€229,582
up €229,582 (+25.6%), from €896,913 to €1.1m
- Debts after one year -€31,460
down €31,460 (-32.7%), from €96,330 to €64,870
- Trade debts -€25,194
down €25,194 (-13.4%), from €188,651 to €163,457
- Tax, wage and social debts -€22,548
down €22,548 (-15.6%), from €144,453 to €121,905
of which Taxes: -€32,140
- Other debts -€18,828
down €18,828 (-5.6%), from €336,325 to €317,497
- Depreciation -€22,371
down €22,371 (-27.8%), from €80,338 to €57,966
- Gross operating margin -€11,060
down €11,060 (-1.6%), from €684,221 to €673,161
- Financial charges +€9,223
up €9,223 (+299.9%), from €3,075 to €12,298
- Financial income -€8,454
down €8,454 (-73.5%), from €11,501 to €3,047
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,713,391 | €1,846,143 | +€132,753 | +7.7% |
| Fixed assets | 21/28 | €161,417 | €1,526,343 | +€1.4m | +845.6% |
| Tangible fixed assets | 22/27 | €161,417 | €106,343 | -€55,074 | -34.1% |
| Land and buildings | 22 | €9,112 | €6,142 | -€2,971 | -32.6% |
| Plant, machinery and equipment | 23 | €23,771 | €12,842 | -€10,929 | -46.0% |
| Furniture and vehicles | 24 | €128,534 | €87,359 | -€41,174 | -32.0% |
| Financial fixed assets | 28 | - | €1,420,000 | +€1.4m | |
| Current assets | 29/58 | €1,551,973 | €319,800 | -€1.2m | -79.4% |
| Stocks and contracts in progress | 3 | €37,896 | €37,896 | = | 0.0% |
| Stocks | 30/36 | €37,896 | €37,896 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €10,155 | +€10,155 | |
| Trade receivables | 40 | - | €6,380 | +€6,380 | |
| Other amounts receivable | 41 | - | €3,775 | +€3,775 | |
| Cash at bank and in hand | 54/58 | €1,514,078 | €271,749 | -€1.2m | -82.1% |
| Total equity and liabilities | 10/49 | €1,713,391 | €1,846,143 | +€132,753 | +7.7% |
| Equity | 10/15 | €917,373 | €1,146,954 | +€229,582 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €896,913 | €1,126,494 | +€229,582 | +25.6% |
| Amounts payable | 17/49 | €796,018 | €699,189 | -€96,829 | -12.2% |
| Amounts payable after more than one year | 17 | €96,330 | €64,870 | -€31,460 | -32.7% |
| Financial debts | 170/4 | €96,330 | €64,870 | -€31,460 | -32.7% |
| Amounts payable within one year | 42/48 | €699,688 | €634,319 | -€65,370 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €30,260 | €31,460 | +€1,200 | +4.0% |
| Trade debts | 44 | €188,651 | €163,457 | -€25,194 | -13.4% |
| Suppliers | 440/4 | €188,651 | €163,457 | -€25,194 | -13.4% |
| Taxes, remuneration and social security | 45 | €144,453 | €121,905 | -€22,548 | -15.6% |
| Taxes | 450/3 | €130,196 | €98,056 | -€32,140 | -24.7% |
| Remuneration and social security | 454/9 | €14,256 | €23,849 | +€9,592 | +67.3% |
| Other amounts payable | 47/48 | €336,325 | €317,497 | -€18,828 | -5.6% |
| Remuneration, social security and pensions | 62 | €288,148 | €292,530 | +€4,381 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,338 | €57,966 | -€22,371 | -27.8% |
| Other operating charges | 640/8 | €6,266 | €6,105 | -€161 | -2.6% |
| Gross operating margin | 9900 | €684,221 | €673,161 | -€11,060 | -1.6% |
| Operating profit (loss) | 9901 | €309,469 | €316,560 | +€7,091 | +2.3% |
| Financial income | 75/76B | €11,501 | €3,047 | -€8,454 | -73.5% |
| Recurring financial income | 75 | €11,501 | €3,047 | -€8,454 | -73.5% |
| Financial charges | 65/66B | €3,075 | €12,298 | +€9,223 | +299.9% |
| Recurring financial charges | 65 | €3,075 | €12,298 | +€9,223 | +299.9% |
| Profit (loss) for the period before taxes | 9903 | €317,894 | €307,309 | -€10,585 | -3.3% |
| Income taxes | 67/77 | €80,866 | €77,727 | -€3,139 | -3.9% |
| Profit (loss) for the period | 9904 | €237,028 | €229,582 | -€7,447 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €237,028 | €229,582 | -€7,447 | -3.1% |
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 10 October 2026 via checked.be.