TEQNOVA: 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.
TEQNOVA
Largest movements
- Deferred charges and accrued income +€10,141
up €10,141 (+1,195%), from €849 to €10,990
- Receivables within one year -€8,758
down €8,758 (-26.3%), from €33,363 to €24,605
of which Trade receivables: -€15,213
- Tangible fixed assets -€7,656
down €7,656 (-12.2%), from €62,646 to €54,990
of which Leasing and similar rights: -€13,091
- Debts after one year -€47,831
down €47,831 (-36.6%), from €130,535 to €82,705
- Reserves +€45,316
up €45,316 (+76.9%), from €58,893 to €104,209
- Other debts -€4,105
no longer reported in 2025 (was €4,105)
- Tax, wage and social debts -€2,844
down €2,844 (-10.9%), from €26,170 to €23,326
of which Remuneration and social security: -€3,437
- Gross operating margin -€9,187
down €9,187 (-9.8%), from €93,916 to €84,728
- Depreciation +€6,293
up €6,293 (+75.4%), from €8,348 to €14,641
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 | €281,440 | €273,894 | -€7,546 | -2.7% |
| Fixed assets | 21/28 | €243,813 | €236,157 | -€7,656 | -3.1% |
| Tangible fixed assets | 22/27 | €62,646 | €54,990 | -€7,656 | -12.2% |
| Plant, machinery and equipment | 23 | €2,262 | €4,116 | +€1,854 | +82.0% |
| Furniture and vehicles | 24 | - | €3,581 | +€3,581 | |
| Leasing and similar rights | 25 | €60,384 | €47,294 | -€13,091 | -21.7% |
| Financial fixed assets | 28 | €181,167 | €181,167 | = | 0.0% |
| Current assets | 29/58 | €37,627 | €37,737 | +€110 | +0.3% |
| Amounts receivable within one year | 40/41 | €33,363 | €24,605 | -€8,758 | -26.3% |
| Trade receivables | 40 | €33,363 | €18,150 | -€15,213 | -45.6% |
| Other amounts receivable | 41 | - | €6,455 | +€6,455 | |
| Cash at bank and in hand | 54/58 | €3,416 | €2,143 | -€1,273 | -37.3% |
| Deferred charges and accrued income | 490/1 | €849 | €10,990 | +€10,141 | +1,195% |
| Total equity and liabilities | 10/49 | €281,440 | €273,894 | -€7,546 | -2.7% |
| Equity | 10/15 | €73,893 | €119,209 | +€45,316 | +61.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €58,893 | €104,209 | +€45,316 | +76.9% |
| Distributable reserves | 133 | €58,893 | €104,209 | +€45,316 | +76.9% |
| Amounts payable | 17/49 | €207,547 | €154,685 | -€52,862 | -25.5% |
| Amounts payable after more than one year | 17 | €130,535 | €82,705 | -€47,831 | -36.6% |
| Financial debts | 170/4 | €130,535 | €82,705 | -€47,831 | -36.6% |
| Amounts payable within one year | 42/48 | €77,012 | €71,981 | -€5,032 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €46,557 | €47,831 | +€1,274 | +2.7% |
| Trade debts | 44 | €180 | €824 | +€644 | +358% |
| Suppliers | 440/4 | €180 | €824 | +€644 | +358% |
| Taxes, remuneration and social security | 45 | €26,170 | €23,326 | -€2,844 | -10.9% |
| Taxes | 450/3 | €22,733 | €23,326 | +€593 | +2.6% |
| Remuneration and social security | 454/9 | €3,437 | - | -€3,437 | |
| Other amounts payable | 47/48 | €4,105 | - | -€4,105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,348 | €14,641 | +€6,293 | +75.4% |
| Other operating charges | 640/8 | €1,779 | €1,788 | +€10 | +0.6% |
| Gross operating margin | 9900 | €93,916 | €84,728 | -€9,187 | -9.8% |
| Operating profit (loss) | 9901 | €83,789 | €68,299 | -€15,490 | -18.5% |
| Financial income | 75/76B | - | €91 | +€91 | |
| Recurring financial income | 75 | - | €91 | +€91 | |
| Financial charges | 65/66B | €7,845 | €7,019 | -€826 | -10.5% |
| Recurring financial charges | 65 | €7,845 | €7,019 | -€826 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €75,944 | €61,371 | -€14,573 | -19.2% |
| Income taxes | 67/77 | €15,830 | €16,054 | +€224 | +1.4% |
| Profit (loss) for the period | 9904 | €60,114 | €45,316 | -€14,798 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,114 | €45,316 | -€14,798 | -24.6% |
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 26 October 2026 via checked.be.