TequieroConstruction Cooperation: what changed
What changed
TequieroConstruction Cooperation
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€2,673
2024 · €6,172-€3,499
Equity
€22,632
2024 · €19,959+€2,673
Cash
€130
2024 · €119+€11
Balance sheet total
€44,745
2024 · €32,002+€12,743
Largest movements
Assets
- Receivables within one year +€19,545
up €19,545 (+1,896%), from €1,031 to €20,576
of which Trade receivables: +€15,908
- Tangible fixed assets -€5,047
down €5,047 (-93.8%), from €5,379 to €332
of which Furniture and vehicles: -€3,789
- Stocks and contracts -€1,766
down €1,766 (-7.0%), from €25,223 to €23,457
Equity and liabilities
- Short-term financial debts +€9,512
up €9,512 (+551%), from €1,725 to €11,237
- Tax, wage and social debts +€3,725
new in 2025: €3,725
- Trade debts -€3,167
down €3,167 (-40.1%), from €7,901 to €4,734
- Profit (loss) carried forward +€2,673
up €2,673 (+20.8%), from -€12,823 to -€10,150
Income statement
- Turnover -€114,883
down €114,883 (-41.1%), from €279,533 to €164,650
- Purchases and services -€111,615
down €111,615 (-45.9%), from €243,275 to €131,660
- Depreciation -€3,768
down €3,768 (-42.7%), from €8,815 to €5,047
- Staff costs +€3,733
up €3,733 (+21.3%), from €17,565 to €21,298
- Gross operating margin -€3,269
down €3,269 (-9.0%), from €36,258 to €32,989
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,172
Gross operating margin
-€3,269
Staff costs
-€3,733
Depreciation
+€3,768
Provisions
-€605
Other operating charges
+€1,599
Financial income
+€594
Financial charges
+€735
Taxes
-€2,588
Result 2025
€2,673
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€9,501
Investment
€0
Financing
+€9,512
Cash 2024
€119
From operations (derived)
-€9,501
Net result for the year
+€2,673
Depreciation
+€5,047
Stocks and contracts
+€1,766
Receivables within one year
-€19,545
Trade debts
-€3,167
Tax, wage and social debts
+€3,725
Financing
+€9,512
Short-term financial debts
+€9,512
Cash 2025
€130
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,002 | €44,745 | +€12,743 | +39.8% |
| Fixed assets | 21/28 | €5,629 | €582 | -€5,047 | -89.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €5,379 | €332 | -€5,047 | -93.8% |
| Plant, machinery and equipment | 23 | €1,590 | €332 | -€1,258 | -79.1% |
| Furniture and vehicles | 24 | €3,789 | - | -€3,789 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €26,373 | €44,163 | +€17,790 | +67.5% |
| Stocks and contracts in progress | 3 | €25,223 | €23,457 | -€1,766 | -7.0% |
| Stocks | 30/36 | €25,223 | €23,457 | -€1,766 | -7.0% |
| Amounts receivable within one year | 40/41 | €1,031 | €20,576 | +€19,545 | +1,896% |
| Trade receivables | 40 | €1,000 | €16,908 | +€15,908 | +1,591% |
| Other amounts receivable | 41 | €31 | €3,668 | +€3,637 | +11,732% |
| Cash at bank and in hand | 54/58 | €119 | €130 | +€11 | +9.2% |
| Total equity and liabilities | 10/49 | €32,002 | €44,745 | +€12,743 | +39.8% |
| Equity | 10/15 | €19,959 | €22,632 | +€2,673 | +13.4% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €12,331 | €12,331 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,331 | €12,331 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,823 | -€10,150 | +€2,673 | +20.8% |
| Amounts payable | 17/49 | €12,043 | €22,113 | +€10,070 | +83.6% |
| Amounts payable after more than one year | 17 | €2,417 | €2,417 | = | 0.0% |
| Financial debts | 170/4 | €2,417 | €2,417 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,626 | €19,696 | +€10,070 | +105% |
| Financial debts | 43 | €1,725 | €11,237 | +€9,512 | +551% |
| Credit institutions | 430/8 | €1,725 | €11,237 | +€9,512 | +551% |
| Trade debts | 44 | €7,901 | €4,734 | -€3,167 | -40.1% |
| Suppliers | 440/4 | €7,901 | €4,734 | -€3,167 | -40.1% |
| Taxes, remuneration and social security | 45 | - | €3,725 | +€3,725 | |
| Taxes | 450/3 | - | €3,725 | +€3,725 | |
| Turnover | 70 | €279,533 | €164,650 | -€114,883 | -41.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €243,275 | €131,660 | -€111,615 | -45.9% |
| Remuneration, social security and pensions | 62 | €17,565 | €21,298 | +€3,733 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,815 | €5,047 | -€3,768 | -42.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €605 | +€605 | |
| Other operating charges | 640/8 | €1,599 | - | -€1,599 | |
| Gross operating margin | 9900 | €36,258 | €32,989 | -€3,269 | -9.0% |
| Operating profit (loss) | 9901 | €8,279 | €6,039 | -€2,240 | -27.1% |
| Financial income | 75/76B | €535 | €1,129 | +€594 | +111% |
| Recurring financial income | 75 | €535 | €1,129 | +€594 | +111% |
| Financial charges | 65/66B | €2,336 | €1,601 | -€735 | -31.5% |
| Recurring financial charges | 65 | €2,336 | €1,601 | -€735 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €6,478 | €5,567 | -€911 | -14.1% |
| Income taxes | 67/77 | €306 | €2,894 | +€2,588 | +846% |
| Profit (loss) for the period | 9904 | €6,172 | €2,673 | -€3,499 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,172 | €2,673 | -€3,499 | -56.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.