TEGEC: 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
TEGEC
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €2.8m-€503,924
Equity
€6.2m
2024 · €5.0m+€1.1m
Cash
€218,680
2024 · €563,561-€344,881
Balance sheet total
€20.5m
2024 · €18.8m+€1.7m
Largest movements
Assets
- Stocks and contracts +€3.6m
up €3.6m (+617%), from €577,253 to €4.1m
of which Contracts in progress: +€3.2m
- Current investments -€1.7m
down €1.7m (-70.8%), from €2.4m to €700,000
- Receivables within one year +€602,751
up €602,751 (+14.6%), from €4.1m to €4.7m
of which Other amounts receivable: +€330,605
- Cash -€344,881
down €344,881 (-61.2%), from €563,561 to €218,680
mainly Stocks and contracts (-€3.6m) and Investment in fixed assets (net) (-€1.6m)
Equity and liabilities
- Profit (loss) carried forward +€952,445
up €952,445 (+22.5%), from €4.2m to €5.2m
- Other debts +€488,755
up €488,755 (+34.8%), from €1.4m to €1.9m
- Trade debts +€421,045
up €421,045 (+4.1%), from €10.2m to €10.6m
Income statement
- Turnover -€13.7m
down €13.7m (-25.2%), from €54.4m to €40.7m
- Goods and materials -€6.4m
down €6.4m (-21.6%), from €29.6m to €23.2m
of which Purchases: -€5.8m
- Services and other goods -€2.2m
down €2.2m (-25.1%), from €8.8m to €6.6m
- Staff costs +€1.5m
up €1.5m (+16.2%), from €9.2m to €10.6m
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
€2.8m
Turnover
-€13.7m
Other operating income
-€75,049
Goods and materials
+€6.4m
Services and other goods
+€2.2m
Staff costs
-€1.5m
Depreciation
-€83,072
Other operating charges
-€39,070
Other operating items
+€6.2m
Financial income
+€14,128
Financial charges
+€53,796
Taxes
+€114,688
Deferred taxes and other
-€60,205
Result 2025
€2.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
+€56,151
Financing
-€1.5m
Cash 2024
€563,561
From operations (derived)
+€1.1m
Net result for the year
+€2.3m
Depreciation
+€1.8m
Receivables after one year
+€163,195
Stocks and contracts
-€3.6m
Receivables within one year
-€602,751
Deferred charges and accrued income
+€94,558
Provisions
+€65,180
Trade debts
+€421,045
Tax, wage and social debts
+€32,008
Other debts
+€488,755
Accrued charges and deferred income
-€150,000
Investment (derived)
+€56,151
Investment in fixed assets (net)
-€1.6m
Current investments
+€1.7m
Financing
-€1.5m
Debts after one year
-€145,890
Current portion of long-term debt
-€125,994
Contributions, distributions and other
-€1.2m
Cash 2025
€218,680
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,800,206 | €20,533,292 | +€1.7m | +9.2% |
| Fixed assets | 21/28 | €6,375,679 | €6,248,821 | -€126,857 | -2.0% |
| Intangible fixed assets | 21 | €21,594 | €15,238 | -€6,355 | -29.4% |
| Tangible fixed assets | 22/27 | €5,163,417 | €4,993,931 | -€169,486 | -3.3% |
| Land and buildings | 22 | €1,529,710 | €1,442,791 | -€86,919 | -5.7% |
| Plant, machinery and equipment | 23 | €2,063,419 | €2,182,832 | +€119,414 | +5.8% |
| Furniture and vehicles | 24 | €1,414,727 | €1,347,095 | -€67,632 | -4.8% |
| Leasing and similar rights | 25 | €155,562 | €21,212 | -€134,349 | -86.4% |
| Financial fixed assets | 28 | €1,190,668 | €1,239,652 | +€48,985 | +4.1% |
| Affiliated companies | 280/1 | €572,000 | €572,000 | = | 0.0% |
| Participating interests | 280 | €572,000 | €572,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €618,668 | €667,652 | +€48,985 | +7.9% |
| Shares | 284 | €22,173 | €33,373 | +€11,200 | +50.5% |
| Amounts receivable and cash guarantees | 285/8 | €596,495 | €634,279 | +€37,785 | +6.3% |
| Current assets | 29/58 | €12,424,528 | €14,284,471 | +€1.9m | +15.0% |
| Amounts receivable after more than one year | 29 | €4,642,243 | €4,479,048 | -€163,195 | -3.5% |
| Other amounts receivable | 291 | €4,642,243 | €4,479,048 | -€163,195 | -3.5% |
| Stocks and contracts in progress | 3 | €577,253 | €4,137,079 | +€3.6m | +617% |
| Stocks | 30/36 | €190,981 | €563,844 | +€372,864 | +195% |
| Raw materials and consumables | 30/31 | €92,794 | €356,901 | +€264,108 | +285% |
| Goods purchased for resale | 34 | €98,187 | €206,943 | +€108,756 | +111% |
| Contracts in progress | 37 | €386,273 | €3,573,235 | +€3.2m | +825% |
| Amounts receivable within one year | 40/41 | €4,142,266 | €4,745,017 | +€602,751 | +14.6% |
| Trade receivables | 40 | €3,143,788 | €3,415,934 | +€272,145 | +8.7% |
| Other amounts receivable | 41 | €998,478 | €1,329,083 | +€330,605 | +33.1% |
| Current investments | 50/53 | €2,400,000 | €700,000 | -€1.7m | -70.8% |
| Other investments | 51/53 | €2,400,000 | €700,000 | -€1.7m | -70.8% |
| Cash at bank and in hand | 54/58 | €563,561 | €218,680 | -€344,881 | -61.2% |
| Deferred charges and accrued income | 490/1 | €99,205 | €4,647 | -€94,558 | -95.3% |
| Total equity and liabilities | 10/49 | €18,800,206 | €20,533,292 | +€1.7m | +9.2% |
| Equity | 10/15 | €5,005,604 | €6,153,587 | +€1.1m | +22.9% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €444,575 | €640,114 | +€195,539 | +44.0% |
| Non-distributable reserves | 130/1 | €32,000 | €32,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,000 | €32,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €169,575 | €365,114 | +€195,539 | +115% |
| Distributable reserves | 133 | €243,000 | €243,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,241,029 | €5,193,474 | +€952,445 | +22.5% |
| Provisions and deferred taxes | 16 | €7,663 | €72,843 | +€65,180 | +851% |
| Deferred taxes | 168 | €7,663 | €72,843 | +€65,180 | +851% |
| Amounts payable | 17/49 | €13,786,939 | €14,306,862 | +€519,923 | +3.8% |
| Amounts payable after more than one year | 17 | €935,261 | €789,371 | -€145,890 | -15.6% |
| Financial debts | 170/4 | €935,261 | €789,371 | -€145,890 | -15.6% |
| Leasing and similar obligations | 172 | €24,737 | €0 | -€24,737 | -100% |
| Credit institutions | 173 | €910,524 | €789,371 | -€121,153 | -13.3% |
| Amounts payable within one year | 42/48 | €12,701,678 | €13,517,491 | +€815,813 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €271,884 | €145,890 | -€125,994 | -46.3% |
| Trade debts | 44 | €10,222,261 | €10,643,305 | +€421,045 | +4.1% |
| Suppliers | 440/4 | €10,222,261 | €10,643,305 | +€421,045 | +4.1% |
| Taxes, remuneration and social security | 45 | €802,539 | €834,547 | +€32,008 | +4.0% |
| Taxes | 450/3 | €176,428 | €59,818 | -€116,610 | -66.1% |
| Remuneration and social security | 454/9 | €626,111 | €774,728 | +€148,617 | +23.7% |
| Other amounts payable | 47/48 | €1,404,994 | €1,893,749 | +€488,755 | +34.8% |
| Accrued charges and deferred income | 492/3 | €150,000 | €0 | -€150,000 | -100% |
| Operating income | 70/76A | €52,685,617 | €45,051,260 | -€7.6m | -14.5% |
| Turnover | 70 | €54,409,470 | €40,703,439 | -€13.7m | -25.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€2,762,523 | €3,131,546 | +€5.9m | |
| Other operating income | 74 | €972,656 | €897,608 | -€75,049 | -7.7% |
| Non-recurring operating income | 76A | €66,015 | €318,667 | +€252,652 | +383% |
| Operating charges | 60/66A | €49,283,692 | €42,275,665 | -€7.0m | -14.2% |
| Goods for resale, raw materials and consumables | 60 | €29,558,837 | €23,179,695 | -€6.4m | -21.6% |
| Purchases | 600/8 | €29,343,092 | €23,577,559 | -€5.8m | -19.6% |
| Change in stocks: decrease (increase) | 609 | €215,745 | -€397,864 | -€613,608 | |
| Services and other goods | 61 | €8,795,635 | €6,585,722 | -€2.2m | -25.1% |
| Remuneration, social security and pensions | 62 | €9,156,735 | €10,638,252 | +€1.5m | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,687,634 | €1,770,706 | +€83,072 | +4.9% |
| Other operating charges | 640/8 | €55,939 | €95,009 | +€39,070 | +69.8% |
| Non-recurring operating charges | 66A | €28,913 | €6,281 | -€22,632 | -78.3% |
| Operating profit (loss) | 9901 | €3,401,925 | €2,775,594 | -€626,331 | -18.4% |
| Financial income | 75/76B | €99,227 | €113,355 | +€14,128 | +14.2% |
| Recurring financial income | 75 | €99,227 | €113,355 | +€14,128 | +14.2% |
| Income from financial fixed assets | 750 | €29 | €35 | +€5 | +18.5% |
| Income from current assets | 751 | €86,664 | €20,914 | -€65,750 | -75.9% |
| Other financial income | 752/9 | €12,534 | €92,407 | +€79,873 | +637% |
| Financial charges | 65/66B | €77,711 | €23,915 | -€53,796 | -69.2% |
| Recurring financial charges | 65 | €32,661 | €23,915 | -€8,746 | -26.8% |
| Debt charges | 650 | €28,152 | €22,475 | -€5,677 | -20.2% |
| Other financial charges | 652/9 | €4,509 | €1,441 | -€3,068 | -68.0% |
| Non-recurring financial charges | 66B | €45,050 | - | -€45,050 | |
| Profit (loss) for the period before taxes | 9903 | €3,423,441 | €2,865,034 | -€558,407 | -16.3% |
| Transfer from deferred taxes | 780 | €1,525 | €7,167 | +€5,642 | +370% |
| Transfer to deferred taxes | 680 | €6,500 | €72,346 | +€65,846 | +1,013% |
| Income taxes | 67/77 | €576,559 | €461,871 | -€114,688 | -19.9% |
| Taxes | 670/3 | €576,559 | €461,871 | -€114,688 | -19.9% |
| Profit (loss) for the period | 9904 | €2,841,907 | €2,337,983 | -€503,924 | -17.7% |
| Transfer from tax-exempt reserves | 789 | €4,576 | €21,500 | +€16,925 | +370% |
| Transfer to tax-exempt reserves | 689 | €19,500 | €217,039 | +€197,539 | +1,013% |
| Profit (loss) for the period to be appropriated | 9905 | €2,826,983 | €2,142,445 | -€684,538 | -24.2% |
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 26 October 2026 via checked.be.