TeQinova: 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.
TeQinova
Largest movements
- Receivables within one year +€27,656
up €27,656 (+459%), from €6,023 to €33,678
of which Other amounts receivable: +€27,903
- Tangible fixed assets -€10,503
down €10,503 (-16.5%), from €63,657 to €53,154
of which Leasing and similar rights: -€13,298
- Cash +€2,930
up €2,930 (+11.8%), from €24,755 to €27,685
mainly Net result for the year (+€33,799) and Depreciation (+€14,576)
- Reserves +€33,799
up €33,799 (+415%), from €8,136 to €41,935
- Debts after one year -€11,784
down €11,784 (-23.8%), from €49,473 to €37,689
- Trade debts -€10,075
no longer reported in 2025 (was €10,075)
- Tax, wage and social debts +€8,413
up €8,413 (+75.4%), from €11,153 to €19,566
- Gross operating margin +€41,905
up €41,905 (+203%), from €20,600 to €62,506
- Taxes +€7,349
up €7,349 (+310%), from €2,372 to €9,722
- Depreciation +€6,230
up €6,230 (+74.6%), from €8,346 to €14,576
- Other operating charges +€1,875
up €1,875 (+188%), from €995 to €2,871
- Financial charges +€1,681
up €1,681 (+182%), from €925 to €2,606
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 | €95,162 | €115,010 | +€19,848 | +20.9% |
| Fixed assets | 21/28 | €63,657 | €53,154 | -€10,503 | -16.5% |
| Tangible fixed assets | 22/27 | €63,657 | €53,154 | -€10,503 | -16.5% |
| Plant, machinery and equipment | 23 | €2,263 | €1,325 | -€938 | -41.4% |
| Furniture and vehicles | 24 | - | €3,732 | +€3,732 | |
| Leasing and similar rights | 25 | €61,394 | €48,096 | -€13,298 | -21.7% |
| Current assets | 29/58 | €31,505 | €61,856 | +€30,351 | +96.3% |
| Amounts receivable within one year | 40/41 | €6,023 | €33,678 | +€27,656 | +459% |
| Trade receivables | 40 | €292 | €44 | -€247 | -84.9% |
| Other amounts receivable | 41 | €5,731 | €33,634 | +€27,903 | +487% |
| Cash at bank and in hand | 54/58 | €24,755 | €27,685 | +€2,930 | +11.8% |
| Deferred charges and accrued income | 490/1 | €727 | €492 | -€235 | -32.3% |
| Total equity and liabilities | 10/49 | €95,162 | €115,010 | +€19,848 | +20.9% |
| Equity | 10/15 | €13,136 | €46,935 | +€33,799 | +257% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,136 | €41,935 | +€33,799 | +415% |
| Distributable reserves | 133 | €8,136 | €41,935 | +€33,799 | +415% |
| Amounts payable | 17/49 | €82,026 | €68,075 | -€13,952 | -17.0% |
| Amounts payable after more than one year | 17 | €49,473 | €37,689 | -€11,784 | -23.8% |
| Financial debts | 170/4 | €49,473 | €37,689 | -€11,784 | -23.8% |
| Amounts payable within one year | 42/48 | €32,554 | €30,386 | -€2,168 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €11,326 | €10,820 | -€506 | -4.5% |
| Trade debts | 44 | €10,075 | - | -€10,075 | |
| Suppliers | 440/4 | €10,075 | - | -€10,075 | |
| Taxes, remuneration and social security | 45 | €11,153 | €19,566 | +€8,413 | +75.4% |
| Taxes | 450/3 | €11,153 | €19,566 | +€8,413 | +75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,346 | €14,576 | +€6,230 | +74.6% |
| Other operating charges | 640/8 | €995 | €2,871 | +€1,875 | +188% |
| Gross operating margin | 9900 | €20,600 | €62,506 | +€41,905 | +203% |
| Operating profit (loss) | 9901 | €11,259 | €45,059 | +€33,800 | +300% |
| Financial income | 75/76B | €174 | €1,068 | +€893 | +513% |
| Recurring financial income | 75 | €174 | €1,068 | +€893 | +513% |
| Financial charges | 65/66B | €925 | €2,606 | +€1,681 | +182% |
| Recurring financial charges | 65 | €925 | €2,606 | +€1,681 | +182% |
| Profit (loss) for the period before taxes | 9903 | €10,508 | €43,521 | +€33,013 | +314% |
| Income taxes | 67/77 | €2,372 | €9,722 | +€7,349 | +310% |
| Profit (loss) for the period | 9904 | €8,136 | €33,799 | +€25,664 | +315% |
| Profit (loss) for the period to be appropriated | 9905 | €8,136 | €33,799 | +€25,664 | +315% |
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.