TEKMAT: 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
TEKMAT
NACE 46.831, Wholesale of construction materials, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€124,116
2024 · €108,413+€15,703
Equity
€812,299
2024 · €688,652+€123,647
Cash
€166,324
2024 · €99,759+€66,565
Balance sheet total
€5.3m
2024 · €6.4m-€1.0m
Largest movements
Assets
- Receivables within one year -€805,713
down €805,713 (-25.0%), from €3.2m to €2.4m
of which Trade receivables: -€1.1m
- Stocks and contracts -€153,292
down €153,292 (-8.0%), from €1.9m to €1.8m
- Tangible fixed assets -€135,773
down €135,773 (-12.7%), from €1.1m to €929,677
of which Other tangible fixed assets: -€76,001
- Cash +€66,565
up €66,565 (+66.7%), from €99,759 to €166,324
mainly Receivables within one year (+€805,713) and Depreciation (+€158,154)
Equity and liabilities
- Other debts -€974,715
down €974,715 (-92.6%), from €1.1m to €77,574
- Trade debts -€350,535
down €350,535 (-15.1%), from €2.3m to €2.0m
- Profit (loss) carried forward +€124,116
up €124,116 (+76.1%), from €163,183 to €287,299
- Short-term financial debts +€119,214
up €119,214 (+10.6%), from €1.1m to €1.2m
Income statement
- Turnover -€386,649
down €386,649 (-3.0%), from €12.7m to €12.3m
- Goods and materials -€348,902
down €348,902 (-3.7%), from €9.4m to €9.1m
of which Purchases: -€469,121
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
€108,413
Turnover
-€386,649
Other operating income
+€22,653
Goods and materials
+€348,902
Services and other goods
-€271
Staff costs
-€111,358
Depreciation
+€14,898
Write-downs
+€30,844
Other operating charges
+€41,195
Other operating items
+€16,783
Financial income
+€12,768
Financial charges
+€25,022
Taxes
+€915
Result 2025
€124,116
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
-€68,840
Investment
-€22,381
Financing
+€157,786
Cash 2024
€99,759
From operations (derived)
-€68,840
Net result for the year
+€124,116
Depreciation
+€158,154
Stocks and contracts
+€153,292
Receivables within one year
+€805,713
Deferred charges and accrued income
-€7,854
Trade debts
-€350,535
Tax, wage and social debts
-€25,721
Advances received
+€20,288
Other debts
-€974,715
Accrued charges and deferred income
+€28,422
Investment (derived)
-€22,381
Investment in fixed assets (net)
-€22,381
Financing
+€157,786
Debts after one year
+€11,149
Current portion of long-term debt
+€27,892
Short-term financial debts
+€119,214
Contributions, distributions and other
-€469
Cash 2025
€166,324
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,361,976 | €5,341,617 | -€1.0m | -16.0% |
| Fixed assets | 21/28 | €1,075,831 | €940,058 | -€135,773 | -12.6% |
| Tangible fixed assets | 22/27 | €1,065,450 | €929,677 | -€135,773 | -12.7% |
| Plant, machinery and equipment | 23 | €4,292 | €13,029 | +€8,737 | +203.6% |
| Furniture and vehicles | 24 | €25,761 | €20,139 | -€5,622 | -21.8% |
| Leasing and similar rights | 25 | €355,964 | €293,076 | -€62,888 | -17.7% |
| Other tangible fixed assets | 26 | €679,433 | €603,432 | -€76,001 | -11.2% |
| Financial fixed assets | 28 | €10,381 | €10,381 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,381 | €10,381 | = | 0.0% |
| Shares | 284 | €9,296 | €9,296 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,085 | €1,085 | = | 0.0% |
| Current assets | 29/58 | €5,286,145 | €4,401,559 | -€884,586 | -16.7% |
| Stocks and contracts in progress | 3 | €1,927,464 | €1,774,171 | -€153,292 | -8.0% |
| Stocks | 30/36 | €1,927,464 | €1,774,171 | -€153,292 | -8.0% |
| Goods purchased for resale | 34 | €1,927,464 | €1,774,171 | -€153,292 | -8.0% |
| Amounts receivable within one year | 40/41 | €3,222,596 | €2,416,884 | -€805,713 | -25.0% |
| Trade receivables | 40 | €3,189,853 | €2,132,782 | -€1.1m | -33.1% |
| Other amounts receivable | 41 | €32,744 | €284,101 | +€251,358 | +767.7% |
| Cash at bank and in hand | 54/58 | €99,759 | €166,324 | +€66,565 | +66.7% |
| Deferred charges and accrued income | 490/1 | €36,326 | €44,180 | +€7,854 | +21.6% |
| Total equity and liabilities | 10/49 | €6,361,976 | €5,341,617 | -€1.0m | -16.0% |
| Equity | 10/15 | €688,652 | €812,299 | +€123,647 | +18.0% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,183 | €287,299 | +€124,116 | +76.1% |
| Investment grants | 15 | €469 | - | -€469 | |
| Amounts payable | 17/49 | €5,673,324 | €4,529,318 | -€1.1m | -20.2% |
| Amounts payable after more than one year | 17 | €547,505 | €558,654 | +€11,149 | +2.0% |
| Financial debts | 170/4 | €547,505 | €558,654 | +€11,149 | +2.0% |
| Leasing and similar obligations | 172 | €278,311 | €217,869 | -€60,442 | -21.7% |
| Credit institutions | 173 | €269,194 | €340,784 | +€71,590 | +26.6% |
| Amounts payable within one year | 42/48 | €5,008,378 | €3,824,801 | -€1.2m | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €106,131 | €134,022 | +€27,892 | +26.3% |
| Financial debts | 43 | €1,127,821 | €1,247,035 | +€119,214 | +10.6% |
| Credit institutions | 430/8 | €1,127,821 | €1,247,035 | +€119,214 | +10.6% |
| Trade debts | 44 | €2,313,776 | €1,963,241 | -€350,535 | -15.1% |
| Suppliers | 440/4 | €2,313,776 | €1,963,241 | -€350,535 | -15.1% |
| Advances received on contracts in progress | 46 | €6,031 | €26,319 | +€20,288 | +336.4% |
| Taxes, remuneration and social security | 45 | €402,330 | €376,609 | -€25,721 | -6.4% |
| Taxes | 450/3 | €281,046 | €265,862 | -€15,184 | -5.4% |
| Remuneration and social security | 454/9 | €121,285 | €110,747 | -€10,538 | -8.7% |
| Other amounts payable | 47/48 | €1,052,289 | €77,574 | -€974,715 | -92.6% |
| Accrued charges and deferred income | 492/3 | €117,442 | €145,864 | +€28,422 | +24.2% |
| Operating income | 70/76A | €12,863,313 | €12,499,317 | -€363,995 | -2.8% |
| Turnover | 70 | €12,681,755 | €12,295,107 | -€386,649 | -3.0% |
| Other operating income | 74 | €181,558 | €204,211 | +€22,653 | +12.5% |
| Operating charges | 60/66A | €12,706,936 | €12,365,942 | -€340,994 | -2.7% |
| Goods for resale, raw materials and consumables | 60 | €9,400,965 | €9,052,063 | -€348,902 | -3.7% |
| Purchases | 600/8 | €9,367,892 | €8,898,771 | -€469,121 | -5.0% |
| Change in stocks: decrease (increase) | 609 | €33,074 | €153,292 | +€120,219 | +363.5% |
| Services and other goods | 61 | €2,282,437 | €2,282,708 | +€271 | 0.0% |
| Remuneration, social security and pensions | 62 | €609,544 | €720,902 | +€111,358 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,052 | €158,154 | -€14,898 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €120,596 | €89,752 | -€30,844 | -25.6% |
| Other operating charges | 640/8 | €103,558 | €62,363 | -€41,195 | -39.8% |
| Non-recurring operating charges | 66A | €16,783 | - | -€16,783 | |
| Operating profit (loss) | 9901 | €156,377 | €133,375 | -€23,002 | -14.7% |
| Financial income | 75/76B | €158,960 | €171,728 | +€12,768 | +8.0% |
| Recurring financial income | 75 | €158,960 | €171,728 | +€12,768 | +8.0% |
| Other financial income | 752/9 | €158,960 | €171,728 | +€12,768 | +8.0% |
| Financial charges | 65/66B | €151,513 | €126,491 | -€25,022 | -16.5% |
| Recurring financial charges | 65 | €151,513 | €126,491 | -€25,022 | -16.5% |
| Debt charges | 650 | €96,501 | €80,856 | -€15,645 | -16.2% |
| Other financial charges | 652/9 | €55,012 | €45,635 | -€9,377 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €163,824 | €178,612 | +€14,788 | +9.0% |
| Income taxes | 67/77 | €55,411 | €54,496 | -€915 | -1.7% |
| Taxes | 670/3 | €55,411 | €54,496 | -€915 | -1.7% |
| Profit (loss) for the period | 9904 | €108,413 | €124,116 | +€15,703 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €108,413 | €124,116 | +€15,703 | +14.5% |
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 29 September 2026 via checked.be.