TECSI: 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.
TECSI
Largest movements
- Cash -€355,844
down €355,844 (-31.2%), from €1.1m to €783,739
mainly Stocks and contracts (-€340,931) and Other debts (-€200,000)
- Stocks and contracts +€340,931
up €340,931 (+85.3%), from €399,789 to €740,720
- Receivables within one year -€169,410
down €169,410 (-28.4%), from €596,470 to €427,060
of which Trade receivables: -€175,529
- Tangible fixed assets -€84,472
down €84,472 (-35.3%), from €239,305 to €154,833
of which Furniture and vehicles: -€73,437
- Other debts -€200,000
no longer reported in 2025 (was €200,000)
- Advances received +€143,547
new in 2025: €143,547
- Tax, wage and social debts -€103,732
down €103,732 (-46.7%), from €222,261 to €118,529
of which Taxes: -€82,196
- Trade debts -€98,751
down €98,751 (-27.7%), from €356,733 to €257,982
- Gross operating margin -€311,909
down €311,909 (-37.0%), from €842,582 to €530,672
- Staff costs -€67,017
down €67,017 (-15.0%), from €446,104 to €379,087
- Taxes -€66,403
down €66,403 (-79.3%), from €83,701 to €17,299
- Financial income -€8,602
down €8,602 (-77.2%), from €11,149 to €2,547
of which Non-recurring financial income: -€6,800
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 | €2,389,352 | €2,142,674 | -€246,678 | -10.3% |
| Fixed assets | 21/28 | €244,498 | €182,349 | -€62,149 | -25.4% |
| Intangible fixed assets | 21 | - | €10,994 | +€10,994 | |
| Tangible fixed assets | 22/27 | €239,305 | €154,833 | -€84,472 | -35.3% |
| Plant, machinery and equipment | 23 | €15,385 | €8,838 | -€6,548 | -42.6% |
| Furniture and vehicles | 24 | €210,887 | €137,450 | -€73,437 | -34.8% |
| Other tangible fixed assets | 26 | €13,032 | €8,545 | -€4,488 | -34.4% |
| Financial fixed assets | 28 | €5,193 | €16,522 | +€11,329 | +218% |
| Current assets | 29/58 | €2,144,854 | €1,960,326 | -€184,529 | -8.6% |
| Stocks and contracts in progress | 3 | €399,789 | €740,720 | +€340,931 | +85.3% |
| Stocks | 30/36 | €399,789 | €740,720 | +€340,931 | +85.3% |
| Amounts receivable within one year | 40/41 | €596,470 | €427,060 | -€169,410 | -28.4% |
| Trade receivables | 40 | €545,505 | €369,976 | -€175,529 | -32.2% |
| Other amounts receivable | 41 | €50,965 | €57,084 | +€6,118 | +12.0% |
| Cash at bank and in hand | 54/58 | €1,139,583 | €783,739 | -€355,844 | -31.2% |
| Deferred charges and accrued income | 490/1 | €9,012 | €8,807 | -€206 | -2.3% |
| Total equity and liabilities | 10/49 | €2,389,352 | €2,142,674 | -€246,678 | -10.3% |
| Equity | 10/15 | €1,594,005 | €1,622,566 | +€28,561 | +1.8% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €890,000 | €910,000 | +€20,000 | +2.2% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €830,000 | €850,000 | +€20,000 | +2.4% |
| Profit (loss) carried forward | 14 | €104,005 | €112,566 | +€8,561 | +8.2% |
| Amounts payable | 17/49 | €795,347 | €520,109 | -€275,239 | -34.6% |
| Amounts payable within one year | 42/48 | €778,994 | €520,058 | -€258,936 | -33.2% |
| Trade debts | 44 | €356,733 | €257,982 | -€98,751 | -27.7% |
| Suppliers | 440/4 | €356,733 | €257,982 | -€98,751 | -27.7% |
| Advances received on contracts in progress | 46 | - | €143,547 | +€143,547 | |
| Taxes, remuneration and social security | 45 | €222,261 | €118,529 | -€103,732 | -46.7% |
| Taxes | 450/3 | €175,478 | €93,281 | -€82,196 | -46.8% |
| Remuneration and social security | 454/9 | €46,784 | €25,247 | -€21,536 | -46.0% |
| Other amounts payable | 47/48 | €200,000 | - | -€200,000 | |
| Accrued charges and deferred income | 492/3 | €16,353 | €51 | -€16,302 | -99.7% |
| Remuneration, social security and pensions | 62 | €446,104 | €379,087 | -€67,017 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,255 | €86,309 | +€5,055 | +6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,627 | €17,265 | +€6,638 | +62.5% |
| Other operating charges | 640/8 | €4,751 | €3,916 | -€835 | -17.6% |
| Gross operating margin | 9900 | €842,582 | €530,672 | -€311,909 | -37.0% |
| Operating profit (loss) | 9901 | €299,845 | €44,094 | -€255,751 | -85.3% |
| Financial income | 75/76B | €11,149 | €2,547 | -€8,602 | -77.2% |
| Recurring financial income | 75 | €4,349 | €2,547 | -€1,802 | -41.4% |
| Non-recurring financial income | 76B | €6,800 | - | -€6,800 | |
| Financial charges | 65/66B | €1,516 | €782 | -€734 | -48.4% |
| Recurring financial charges | 65 | €1,516 | €782 | -€734 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €309,478 | €45,859 | -€263,619 | -85.2% |
| Income taxes | 67/77 | €83,701 | €17,299 | -€66,403 | -79.3% |
| Profit (loss) for the period | 9904 | €225,777 | €28,561 | -€197,216 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €225,777 | €28,561 | -€197,216 | -87.4% |
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 21 October 2026 via checked.be.