TG-TEC: 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.
TG-TEC
Largest movements
- Receivables within one year +€25,865
up €25,865 (+36.0%), from €71,924 to €97,789
of which Trade receivables: +€23,799
- Financial fixed assets +€10,000
new in 2025: €10,000
- Cash +€8,595
up €8,595 (+372.0%), from €2,311 to €10,906
mainly Net result for the year (+€31,618) and Tax, wage and social debts (+€9,595)
- Reserves +€20,000
up €20,000 (+80.0%), from €25,000 to €45,000
- Profit (loss) carried forward +€11,618
up €11,618 (+61.8%), from €18,799 to €30,416
- Tax, wage and social debts +€9,595
up €9,595 (+143.9%), from €6,668 to €16,263
of which Remuneration and social security: +€8,182
- Trade debts +€2,603
up €2,603 (+254.4%), from €1,023 to €3,626
- Gross operating margin +€16,274
up €16,274 (+28.1%), from €57,898 to €74,172
- Staff costs +€13,212
up €13,212 (+83.4%), from €15,844 to €29,057
- Other operating charges -€3,048
down €3,048 (-73.0%), from €4,176 to €1,127
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,679 | €118,695 | +€44,016 | +58.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €444 | €10,000 | +€9,556 | +2151.8% |
| Tangible fixed assets | 22/27 | €444 | €0 | -€444 | -100.0% |
| Plant, machinery and equipment | 23 | €444 | €0 | -€444 | -100.0% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €74,235 | €108,695 | +€34,460 | +46.4% |
| Amounts receivable within one year | 40/41 | €71,924 | €97,789 | +€25,865 | +36.0% |
| Trade receivables | 40 | €70,219 | €94,019 | +€23,799 | +33.9% |
| Other amounts receivable | 41 | €1,705 | €3,771 | +€2,066 | +121.2% |
| Cash at bank and in hand | 54/58 | €2,311 | €10,906 | +€8,595 | +372.0% |
| Total equity and liabilities | 10/49 | €74,679 | €118,695 | +€44,016 | +58.9% |
| Equity | 10/15 | €63,799 | €95,416 | +€31,618 | +49.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €45,000 | +€20,000 | +80.0% |
| Distributable reserves | 133 | €25,000 | €45,000 | +€20,000 | +80.0% |
| Profit (loss) carried forward | 14 | €18,799 | €30,416 | +€11,618 | +61.8% |
| Amounts payable | 17/49 | €10,881 | €23,279 | +€12,398 | +113.9% |
| Amounts payable within one year | 42/48 | €10,881 | €23,279 | +€12,398 | +113.9% |
| Current portion of amounts payable after more than one year | 42 | €3,189 | €3,389 | +€200 | +6.3% |
| Trade debts | 44 | €1,023 | €3,626 | +€2,603 | +254.4% |
| Suppliers | 440/4 | €1,023 | €3,626 | +€2,603 | +254.4% |
| Taxes, remuneration and social security | 45 | €6,668 | €16,263 | +€9,595 | +143.9% |
| Taxes | 450/3 | €6,358 | €7,770 | +€1,412 | +22.2% |
| Remuneration and social security | 454/9 | €310 | €8,492 | +€8,182 | +2638.7% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €15,844 | €29,057 | +€13,212 | +83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €533 | €444 | -€89 | -16.6% |
| Other operating charges | 640/8 | €4,176 | €1,127 | -€3,048 | -73.0% |
| Gross operating margin | 9900 | €57,898 | €74,172 | +€16,274 | +28.1% |
| Operating profit (loss) | 9901 | €37,346 | €43,544 | +€6,199 | +16.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,248 | €822 | -€426 | -34.1% |
| Recurring financial charges | 65 | €1,248 | €822 | -€426 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €36,098 | €42,725 | +€6,627 | +18.4% |
| Income taxes | 67/77 | €10,564 | €11,108 | +€543 | +5.1% |
| Profit (loss) for the period | 9904 | €25,534 | €31,618 | +€6,084 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,534 | €31,618 | +€6,084 | +23.8% |
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 9 October 2026 via checked.be.