TEKER: 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.
What changed
TEKER
NACE 46.392, Non-specialised wholesale
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.0m
2024 · -€189,142-€859,195
Equity
€6.1m
2024 · €3.6m+€2.5m
Cash
€64,668
2024 · €96,035-€31,367
Balance sheet total
€30.4m
2024 · €8.0m+€22.4m
Largest movements
Assets
- Tangible fixed assets +€15.0m
up €15.0m (+1,014%), from €1.5m to €16.5m
of which Leasing and similar rights: +€13.9m
- Intangible fixed assets +€2.3m
up €2.3m (+8,532%), from €27,504 to €2.4m
- Receivables within one year +€2.1m
up €2.1m (+66.9%), from €3.2m to €5.3m
of which Other amounts receivable: +€2.7m
- Stocks and contracts +€1.5m
up €1.5m (+87.5%), from €1.7m to €3.2m
- Receivables after one year +€1.3m
up €1.3m (+90.0%), from €1.5m to €2.8m
Equity and liabilities
- Debts after one year +€12.2m
up €12.2m (+1,704%), from €713,697 to €12.9m
of which Financial debts: +€12.1m
- Current portion of long-term debt +€5.2m
up €5.2m (+2,002%), from €261,757 to €5.5m
- Investment grants +€3.6m
new in 2025: €3.6m
- Short-term financial debts +€1.5m
up €1.5m (+150%), from €1.0m to €2.5m
- Trade debts +€1.3m
up €1.3m (+79.3%), from €1.6m to €2.8m
Income statement
- Turnover +€4.3m
up €4.3m (+33.7%), from €12.7m to €17.0m
- Services and other goods +€3.3m
up €3.3m (+120%), from €2.8m to €6.1m
- Goods and materials +€1.8m
up €1.8m (+18.1%), from €9.9m to €11.7m
of which Purchases: +€2.8m
- Financial charges +€770,798
up €770,798 (+729%), from €105,662 to €876,459
of which Financial charges: +€792,011
- Depreciation +€500,209
up €500,209 (+704%), from €71,013 to €571,222
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
-€189,142
Turnover
+€4.3m
Other operating income
+€169,852
Goods and materials
-€1.8m
Services and other goods
-€3.3m
Staff costs
-€100,002
Depreciation
-€500,209
Write-downs
+€30,356
Other operating charges
-€23,843
Other operating items
-€73,331
Financial income
+€398,816
Financial charges
-€770,798
Deferred taxes and other
+€832,573
Result 2025
-€1.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€4.5m
Investment
-€18.0m
Financing
+€22.5m
Cash 2024
€96,035
From operations (derived)
-€4.5m
Net result for the year
-€1.0m
Depreciation
+€571,222
Receivables after one year
-€1.3m
Stocks and contracts
-€1.5m
Receivables within one year
-€2.1m
Deferred charges and accrued income
-€61,705
Provisions
-€832,573
Trade debts
+€1.3m
Smaller working-capital items
-€1,299
Accrued charges and deferred income
+€552,838
Investment (derived)
-€18.0m
Investment in fixed assets (net)
-€18.0m
Financing
+€22.5m
Debts after one year
+€12.2m
Current portion of long-term debt
+€5.2m
Short-term financial debts
+€1.5m
Contributions, distributions and other
+€3.6m
Cash 2025
€64,668
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,019,170 | €30,423,148 | +€22.4m | +279% |
| Fixed assets | 21/28 | €1,509,282 | €18,927,457 | +€17.4m | +1,154% |
| Intangible fixed assets | 21 | €27,504 | €2,374,094 | +€2.3m | +8,532% |
| Tangible fixed assets | 22/27 | €1,481,778 | €16,507,163 | +€15.0m | +1,014% |
| Land and buildings | 22 | €634,178 | €1,892,875 | +€1.3m | +198% |
| Plant, machinery and equipment | 23 | €345,576 | €393,970 | +€48,394 | +14.0% |
| Furniture and vehicles | 24 | €82,930 | €83,815 | +€885 | +1.1% |
| Leasing and similar rights | 25 | €249,692 | €14,106,503 | +€13.9m | +5,550% |
| Other tangible fixed assets | 26 | €169,402 | €30,000 | -€139,402 | -82.3% |
| Financial fixed assets | 28 | - | €46,200 | +€46,200 | |
| Other financial fixed assets | 284/8 | - | €46,200 | +€46,200 | |
| Shares | 284 | - | €46,200 | +€46,200 | |
| Current assets | 29/58 | €6,509,888 | €11,495,691 | +€5.0m | +76.6% |
| Amounts receivable after more than one year | 29 | €1,500,000 | €2,849,358 | +€1.3m | +90.0% |
| Other amounts receivable | 291 | €1,500,000 | €2,849,358 | +€1.3m | +90.0% |
| Stocks and contracts in progress | 3 | €1,698,205 | €3,183,693 | +€1.5m | +87.5% |
| Stocks | 30/36 | €1,698,205 | €3,183,693 | +€1.5m | +87.5% |
| Raw materials and consumables | 30/31 | - | €398,703 | +€398,703 | |
| Work in progress | 32 | - | €823,750 | +€823,750 | |
| Goods purchased for resale | 34 | €1,698,205 | €1,961,240 | +€263,035 | +15.5% |
| Amounts receivable within one year | 40/41 | €3,170,289 | €5,290,909 | +€2.1m | +66.9% |
| Trade receivables | 40 | €1,944,865 | €1,382,974 | -€561,891 | -28.9% |
| Other amounts receivable | 41 | €1,225,424 | €3,907,935 | +€2.7m | +219% |
| Cash at bank and in hand | 54/58 | €96,035 | €64,668 | -€31,367 | -32.7% |
| Deferred charges and accrued income | 490/1 | €45,358 | €107,063 | +€61,705 | +136% |
| Total equity and liabilities | 10/49 | €8,019,170 | €30,423,148 | +€22.4m | +279% |
| Equity | 10/15 | €3,574,611 | €6,101,273 | +€2.5m | +70.7% |
| Contributions | 10/11 | €374,319 | €374,319 | = | 0.0% |
| Reserves | 13 | €2,504,047 | €2,151,954 | -€352,093 | -14.1% |
| Tax-exempt reserves | 132 | €2,497,720 | €2,151,954 | -€345,766 | -13.8% |
| Distributable reserves | 133 | €6,327 | - | -€6,327 | |
| Profit (loss) carried forward | 14 | €696,244 | - | -€696,244 | |
| Investment grants | 15 | - | €3,575,000 | +€3.6m | |
| Provisions and deferred taxes | 16 | €832,573 | - | -€832,573 | |
| Deferred taxes | 168 | €832,573 | - | -€832,573 | |
| Amounts payable | 17/49 | €3,611,986 | €24,321,875 | +€20.7m | +573% |
| Amounts payable after more than one year | 17 | €713,697 | €12,877,538 | +€12.2m | +1,704% |
| Financial debts | 170/4 | €713,697 | €12,848,498 | +€12.1m | +1,700% |
| Subordinated loans | 170 | €538,816 | €477,237 | -€61,579 | -11.4% |
| Leasing and similar obligations | 172 | €174,881 | €10,371,261 | +€10.2m | +5,830% |
| Credit institutions | 173 | - | €2,000,000 | +€2.0m | |
| Trade debts | 175 | - | €29,040 | +€29,040 | |
| Suppliers | 1750 | - | €29,040 | +€29,040 | |
| Amounts payable within one year | 42/48 | €2,898,288 | €10,891,499 | +€8.0m | +276% |
| Current portion of amounts payable after more than one year | 42 | €261,757 | €5,501,798 | +€5.2m | +2,002% |
| Financial debts | 43 | €1,000,000 | €2,500,000 | +€1.5m | +150% |
| Credit institutions | 430/8 | €1,000,000 | €2,500,000 | +€1.5m | +150% |
| Trade debts | 44 | €1,582,692 | €2,837,161 | +€1.3m | +79.3% |
| Suppliers | 440/4 | €1,582,692 | €2,837,161 | +€1.3m | +79.3% |
| Taxes, remuneration and social security | 45 | €37,967 | €44,774 | +€6,807 | +17.9% |
| Taxes | 450/3 | €12,801 | €22,899 | +€10,097 | +78.9% |
| Remuneration and social security | 454/9 | €25,165 | €21,875 | -€3,290 | -13.1% |
| Other amounts payable | 47/48 | €15,872 | €7,765 | -€8,107 | -51.1% |
| Accrued charges and deferred income | 492/3 | - | €552,838 | +€552,838 | |
| Operating income | 70/76A | €12,771,347 | €17,242,486 | +€4.5m | +35.0% |
| Turnover | 70 | €12,736,409 | €17,022,696 | +€4.3m | +33.7% |
| Other operating income | 74 | €34,938 | €204,791 | +€169,852 | +486% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Operating charges | 60/66A | €12,944,979 | €18,735,905 | +€5.8m | +44.7% |
| Goods for resale, raw materials and consumables | 60 | €9,920,695 | €11,720,396 | +€1.8m | +18.1% |
| Purchases | 600/8 | €10,389,119 | €13,205,884 | +€2.8m | +27.1% |
| Change in stocks: decrease (increase) | 609 | -€468,424 | -€1,485,488 | -€1.0m | -217% |
| Services and other goods | 61 | €2,769,016 | €6,078,212 | +€3.3m | +120% |
| Remuneration, social security and pensions | 62 | €150,476 | €250,478 | +€100,002 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,013 | €571,222 | +€500,209 | +704% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,356 | - | -€30,356 | |
| Other operating charges | 640/8 | €3,424 | €27,267 | +€23,843 | +696% |
| Operating charges capitalised as restructuring costs | 649 | - | -€477,152 | -€477,152 | |
| Non-recurring operating charges | 66A | - | €565,482 | +€565,482 | |
| Operating profit (loss) | 9901 | -€173,632 | -€1,493,419 | -€1.3m | -760% |
| Financial income | 75/76B | €90,152 | €488,968 | +€398,816 | +442% |
| Recurring financial income | 75 | €90,152 | €488,968 | +€398,816 | +442% |
| Income from financial fixed assets | 750 | €61,150 | €2,000 | -€59,150 | -96.7% |
| Income from current assets | 751 | €28,998 | €139,646 | +€110,648 | +382% |
| Other financial income | 752/9 | €5 | €347,322 | +€347,317 | +7,016,514% |
| Financial charges | 65/66B | €105,662 | €876,459 | +€770,798 | +729% |
| Recurring financial charges | 65 | €84,449 | €876,459 | +€792,011 | +938% |
| Debt charges | 650 | €82,005 | €863,106 | +€781,102 | +953% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €39 | +€39 | |
| Other financial charges | 652/9 | €2,444 | €13,314 | +€10,870 | +445% |
| Non-recurring financial charges | 66B | €21,213 | - | -€21,213 | |
| Profit (loss) for the period before taxes | 9903 | -€189,142 | -€1,880,911 | -€1.7m | -894% |
| Transfer from deferred taxes | 780 | - | €832,573 | +€832,573 | |
| Profit (loss) for the period | 9904 | -€189,142 | -€1,048,337 | -€859,195 | -454% |
| Profit (loss) for the period to be appropriated | 9905 | -€189,142 | -€1,048,337 | -€859,195 | -454% |
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 25 October 2026 via checked.be.