TEVECO: 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
TEVECO
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€26,487
2024 · -€12,688+€39,175
Equity
€2.7m
2024 · €2.7m+€26,487
Cash
-
not filed
Balance sheet total
€3.1m
2024 · €2.9m+€138,204
Largest movements
Assets
- Receivables within one year +€560,480
up €560,480 (+57.3%), from €977,755 to €1.5m
of which Trade receivables: +€430,854
- Tangible fixed assets -€427,307
down €427,307 (-22.9%), from €1.9m to €1.4m
of which Land and buildings: -€269,882
Equity and liabilities
- Tax, wage and social debts +€97,781
up €97,781 (+66.7%), from €146,557 to €244,338
of which Taxes: +€70,325
- Trade debts +€36,157
up €36,157 (+46.7%), from €77,416 to €113,573
Income statement
- Staff costs +€214,976
up €214,976 (+29.3%), from €734,252 to €949,228
- Services and other goods -€156,921
down €156,921 (-50.7%), from €309,306 to €152,385
- Depreciation -€42,813
down €42,813 (-9.1%), from €470,119 to €427,307
- Turnover +€21,740
up €21,740 (+1.5%), from €1.5m to €1.5m
- Provisions -€16,741
new in 2025: -€16,741
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
-€12,688
Turnover
+€21,740
Other operating income
+€1,066
Services and other goods
+€156,921
Staff costs
-€214,976
Depreciation
+€42,813
Provisions
+€16,741
Other operating charges
+€2,132
Financial income
+€2,174
Financial charges
+€394
Taxes
+€10,171
Result 2025
€26,487
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,926,622 | €3,064,826 | +€138,204 | +4.7% |
| Fixed assets | 21/28 | €1,869,254 | €1,441,948 | -€427,307 | -22.9% |
| Tangible fixed assets | 22/27 | €1,869,254 | €1,441,948 | -€427,307 | -22.9% |
| Land and buildings | 22 | €1,351,756 | €1,081,874 | -€269,882 | -20.0% |
| Plant, machinery and equipment | 23 | €100,847 | €12,135 | -€88,712 | -88.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €416,651 | €347,939 | -€68,713 | -16.5% |
| Current assets | 29/58 | €1,057,368 | €1,622,878 | +€565,511 | +53.5% |
| Amounts receivable within one year | 40/41 | €977,755 | €1,538,235 | +€560,480 | +57.3% |
| Trade receivables | 40 | €206,178 | €637,031 | +€430,854 | +209% |
| Other amounts receivable | 41 | €771,578 | €901,204 | +€129,626 | +16.8% |
| Deferred charges and accrued income | 490/1 | €79,613 | €84,643 | +€5,031 | +6.3% |
| Total equity and liabilities | 10/49 | €2,926,622 | €3,064,826 | +€138,204 | +4.7% |
| Equity | 10/15 | €2,660,499 | €2,686,986 | +€26,487 | +1.0% |
| Contributions | 10/11 | €1,762,000 | €1,762,000 | = | 0.0% |
| Capital | 10 | €1,762,000 | €1,762,000 | = | 0.0% |
| Issued capital | 100 | €1,762,000 | €1,762,000 | = | 0.0% |
| Reserves | 13 | €898,499 | €924,986 | +€26,487 | +2.9% |
| Non-distributable reserves | 130/1 | €71,132 | €73,279 | +€2,146 | +3.0% |
| Legal reserve | 130 | €71,132 | €73,279 | +€2,146 | +3.0% |
| Tax-exempt reserves | 132 | €787,727 | €771,287 | -€16,440 | -2.1% |
| Distributable reserves | 133 | €39,639 | €80,420 | +€40,781 | +103% |
| Provisions and deferred taxes | 16 | €42,150 | €19,929 | -€22,221 | -52.7% |
| Provisions for liabilities and charges | 160/5 | €16,741 | - | -€16,741 | |
| Environmental obligations | 163 | €16,741 | - | -€16,741 | |
| Deferred taxes | 168 | €25,409 | €19,929 | -€5,480 | -21.6% |
| Amounts payable | 17/49 | €223,974 | €357,911 | +€133,938 | +59.8% |
| Amounts payable within one year | 42/48 | €223,974 | €357,911 | +€133,938 | +59.8% |
| Trade debts | 44 | €77,416 | €113,573 | +€36,157 | +46.7% |
| Suppliers | 440/4 | €77,416 | €113,573 | +€36,157 | +46.7% |
| Taxes, remuneration and social security | 45 | €146,557 | €244,338 | +€97,781 | +66.7% |
| Taxes | 450/3 | €29,546 | €99,870 | +€70,325 | +238% |
| Remuneration and social security | 454/9 | €117,011 | €144,468 | +€27,456 | +23.5% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Operating income | 70/76A | €1,507,453 | €1,530,259 | +€22,806 | +1.5% |
| Turnover | 70 | €1,498,055 | €1,519,795 | +€21,740 | +1.5% |
| Other operating income | 74 | €9,398 | €10,465 | +€1,066 | +11.3% |
| Operating charges | 60/66A | €1,534,878 | €1,531,248 | -€3,630 | -0.2% |
| Services and other goods | 61 | €309,306 | €152,385 | -€156,921 | -50.7% |
| Remuneration, social security and pensions | 62 | €734,252 | €949,228 | +€214,976 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470,119 | €427,307 | -€42,813 | -9.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€16,741 | -€16,741 | |
| Other operating charges | 640/8 | €21,201 | €19,069 | -€2,132 | -10.1% |
| Operating profit (loss) | 9901 | -€27,425 | -€988 | +€26,436 | +96.4% |
| Financial income | 75/76B | €15,446 | €17,620 | +€2,174 | +14.1% |
| Recurring financial income | 75 | €15,446 | €17,620 | +€2,174 | +14.1% |
| Income from current assets | 751 | €15,446 | €17,617 | +€2,171 | +14.1% |
| Other financial income | 752/9 | - | €3 | +€3 | |
| Financial charges | 65/66B | €447 | €53 | -€394 | -88.2% |
| Recurring financial charges | 65 | €447 | €53 | -€394 | -88.2% |
| Debt charges | 650 | €6 | - | -€6 | |
| Other financial charges | 652/9 | €441 | €53 | -€388 | -88.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,425 | €16,579 | +€29,004 | |
| Transfer from deferred taxes | 780 | €5,480 | €5,480 | = | 0.0% |
| Income taxes | 67/77 | €5,743 | -€4,428 | -€10,171 | |
| Taxes | 670/3 | €5,743 | €995 | -€4,748 | -82.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €5,423 | +€5,423 | |
| Profit (loss) for the period | 9904 | -€12,688 | €26,487 | +€39,175 | |
| Transfer from tax-exempt reserves | 789 | €16,440 | €16,440 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,752 | €42,927 | +€39,175 | +1,044% |
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 14 October 2026 via checked.be.