G - TEC: what changed
What changed
G - TEC
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
-€4.5m
2024 · -€1.6m-€2.9m
Equity
€17.2m
2024 · €1.7m+€15.5m
Cash
€241,025
2024 · €361,609-€120,584
Balance sheet total
€29.6m
2024 · €17.0m+€12.6m
Largest movements
Assets
- Receivables within one year +€12.3m
up €12.3m (+89.6%), from €13.7m to €26.0m
of which Other amounts receivable: +€16.7m
- Stocks and contracts +€585,052
up €585,052 (+6,157%), from €9,502 to €594,554
of which Contracts in progress: +€574,615
Equity and liabilities
- Profit (loss) carried forward +€8.4m
up €8.4m (+64.9%), from -€12.9m to -€4.5m
- Contributions +€7.1m
up €7.1m (+48.9%), from €14.6m to €21.7m
- Trade debts -€1.9m
down €1.9m (-42.1%), from €4.4m to €2.6m
- Advances received -€1.6m
down €1.6m (-97.1%), from €1.6m to €46,479
- Tax, wage and social debts +€405,100
up €405,100 (+28.1%), from €1.4m to €1.8m
of which Taxes: +€240,016
Income statement
- Turnover -€16.8m
down €16.8m (-57.4%), from €29.3m to €12.5m
- Goods and materials -€10.3m
down €10.3m (-58.3%), from €17.6m to €7.4m
of which Purchases: -€10.2m
- Financial charges -€2.6m
down €2.6m (-84.3%), from €3.1m to €493,418
of which Non-recurring financial charges: -€2.7m
- Staff costs +€1.2m
up €1.2m (+19.6%), from €6.0m to €7.2m
- Other operating income +€860,567
up €860,567 (+173%), from €498,054 to €1.4m
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
-€1.6m
Turnover
-€16.8m
Other operating income
+€860,567
Goods and materials
+€10.3m
Services and other goods
+€774,773
Staff costs
-€1.2m
Depreciation
-€53,153
Write-downs
-€10,896
Provisions
-€9,207
Other operating charges
-€1,710
Other operating items
+€574,615
Financial income
+€36,370
Financial charges
+€2.6m
Taxes
+€19,702
Result 2025
-€4.5m
raises the resultlowers the resultnot broken down further in the accounts
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
-€19.7m
Investment
-€453,984
Financing
+€20.0m
Cash 2024
€361,609
From operations (derived)
-€19.7m
Net result for the year
-€4.5m
Depreciation
+€564,772
Stocks and contracts
-€585,052
Receivables within one year
-€12.3m
Smaller working-capital items
-€14,504
Trade debts
-€1.9m
Tax, wage and social debts
+€405,100
Advances received
-€1.6m
Accrued charges and deferred income
+€183,206
Investment (derived)
-€453,984
Investment in fixed assets (net)
-€453,984
Financing
+€20.0m
Contributions, distributions and other
+€20.0m
Cash 2025
€241,025
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,989,104 | €29,629,596 | +€12.6m | +74.4% |
| Fixed assets | 21/28 | €2,808,824 | €2,698,036 | -€110,788 | -3.9% |
| Intangible fixed assets | 21 | €8,724 | €20,754 | +€12,030 | +138% |
| Tangible fixed assets | 22/27 | €1,800,100 | €1,653,908 | -€146,192 | -8.1% |
| Land and buildings | 22 | - | €120,422 | +€120,422 | |
| Plant, machinery and equipment | 23 | €1,707,658 | €1,374,273 | -€333,385 | -19.5% |
| Furniture and vehicles | 24 | €92,442 | €64,960 | -€27,483 | -29.7% |
| Assets under construction and advance payments | 27 | - | €94,253 | +€94,253 | |
| Financial fixed assets | 28 | €1,000,000 | €1,023,374 | +€23,374 | +2.3% |
| Affiliated companies | 280/1 | €1,000,000 | €1,023,374 | +€23,374 | +2.3% |
| Participating interests | 280 | €1,000,000 | €1,023,374 | +€23,374 | +2.3% |
| Current assets | 29/58 | €14,180,280 | €26,931,560 | +€12.8m | +89.9% |
| Stocks and contracts in progress | 3 | €9,502 | €594,554 | +€585,052 | +6,157% |
| Stocks | 30/36 | €9,502 | €19,939 | +€10,436 | +110% |
| Raw materials and consumables | 30/31 | €9,502 | €19,939 | +€10,436 | +110% |
| Contracts in progress | 37 | - | €574,615 | +€574,615 | |
| Amounts receivable within one year | 40/41 | €13,693,844 | €25,956,945 | +€12.3m | +89.6% |
| Trade receivables | 40 | €8,676,655 | €4,257,003 | -€4.4m | -50.9% |
| Other amounts receivable | 41 | €5,017,189 | €21,699,942 | +€16.7m | +333% |
| Cash at bank and in hand | 54/58 | €361,609 | €241,025 | -€120,584 | -33.3% |
| Deferred charges and accrued income | 490/1 | €115,326 | €139,036 | +€23,711 | +20.6% |
| Total equity and liabilities | 10/49 | €16,989,104 | €29,629,596 | +€12.6m | +74.4% |
| Equity | 10/15 | €1,716,761 | €17,203,861 | +€15.5m | +902% |
| Contributions | 10/11 | €14,570,882 | €21,696,073 | +€7.1m | +48.9% |
| Capital | 10 | €14,570,882 | €21,696,073 | +€7.1m | +48.9% |
| Issued capital | 100 | €14,570,882 | €21,696,073 | +€7.1m | +48.9% |
| Reserves | 13 | €20,689 | €20,689 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,689 | €20,689 | = | 0.0% |
| Legal reserve | 130 | €20,689 | €20,689 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,874,809 | -€4,512,901 | +€8.4m | +64.9% |
| Provisions and deferred taxes | 16 | - | €9,207 | +€9,207 | |
| Provisions for liabilities and charges | 160/5 | - | €9,207 | +€9,207 | |
| Pensions and similar obligations | 160 | - | €9,207 | +€9,207 | |
| Amounts payable | 17/49 | €15,272,343 | €12,416,528 | -€2.9m | -18.7% |
| Amounts payable after more than one year | 17 | €7,227,835 | €7,227,835 | = | 0.0% |
| Financial debts | 170/4 | €7,227,835 | €7,227,835 | = | 0.0% |
| Subordinated loans | 170 | €7,227,835 | €7,227,835 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,509,949 | €4,470,928 | -€3.0m | -40.5% |
| Trade debts | 44 | €4,448,638 | €2,575,876 | -€1.9m | -42.1% |
| Suppliers | 440/4 | €4,448,638 | €2,575,876 | -€1.9m | -42.1% |
| Advances received on contracts in progress | 46 | €1,617,838 | €46,479 | -€1.6m | -97.1% |
| Taxes, remuneration and social security | 45 | €1,443,473 | €1,848,573 | +€405,100 | +28.1% |
| Taxes | 450/3 | - | €240,016 | +€240,016 | |
| Remuneration and social security | 454/9 | €1,443,473 | €1,608,557 | +€165,084 | +11.4% |
| Accrued charges and deferred income | 492/3 | €534,559 | €717,764 | +€183,206 | +34.3% |
| Operating income | 70/76A | €29,761,818 | €14,386,230 | -€15.4m | -51.7% |
| Turnover | 70 | €29,263,764 | €12,452,993 | -€16.8m | -57.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €574,615 | +€574,615 | |
| Other operating income | 74 | €498,054 | €1,358,621 | +€860,567 | +173% |
| Operating charges | 60/66A | €28,606,056 | €18,806,493 | -€9.8m | -34.3% |
| Goods for resale, raw materials and consumables | 60 | €17,630,491 | €7,353,515 | -€10.3m | -58.3% |
| Purchases | 600/8 | €17,545,344 | €7,363,951 | -€10.2m | -58.0% |
| Change in stocks: decrease (increase) | 609 | €85,147 | -€10,436 | -€95,583 | |
| Services and other goods | 61 | €4,445,504 | €3,670,731 | -€774,773 | -17.4% |
| Remuneration, social security and pensions | 62 | €5,995,998 | €7,173,217 | +€1.2m | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €511,618 | €564,772 | +€53,153 | +10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,896 | - | +€10,896 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €9,207 | +€9,207 | |
| Other operating charges | 640/8 | €33,341 | €35,051 | +€1,710 | +5.1% |
| Operating profit (loss) | 9901 | €1,155,762 | -€4,420,263 | -€5.6m | |
| Financial income | 75/76B | €383,377 | €419,747 | +€36,370 | +9.5% |
| Recurring financial income | 75 | €378,162 | €396,373 | +€18,211 | +4.8% |
| Income from current assets | 751 | €39,156 | €32 | -€39,124 | -99.9% |
| Other financial income | 752/9 | €339,006 | €396,341 | +€57,335 | +16.9% |
| Non-recurring financial income | 76B | €5,215 | €23,374 | +€18,159 | +348% |
| Financial charges | 65/66B | €3,141,667 | €493,418 | -€2.6m | -84.3% |
| Recurring financial charges | 65 | €450,467 | €493,418 | +€42,951 | +9.5% |
| Debt charges | 650 | €184,949 | €183,206 | -€1,744 | -0.9% |
| Other financial charges | 652/9 | €265,518 | €310,213 | +€44,695 | +16.8% |
| Non-recurring financial charges | 66B | €2,691,200 | - | -€2.7m | |
| Profit (loss) for the period before taxes | 9903 | -€1,602,529 | -€4,493,935 | -€2.9m | -180% |
| Income taxes | 67/77 | €38,668 | €18,966 | -€19,702 | -51.0% |
| Taxes | 670/3 | €38,668 | €18,966 | -€19,702 | -51.0% |
| Profit (loss) for the period | 9904 | -€1,641,196 | -€4,512,901 | -€2.9m | -175% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,641,196 | -€4,512,901 | -€2.9m | -175% |
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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 3 November 2026 via checked.be.