TECO: 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.
TECO
Largest movements
- Receivables within one year +€116,294
up €116,294 (+1,293%), from €8,991 to €125,285
of which Trade receivables: +€113,228
- Cash -€13,988
down €13,988 (-58.6%), from €23,868 to €9,879
mainly Receivables within one year (-€116,294) and Investment in fixed assets (net) (-€6,691)
- Tangible fixed assets -€5,301
down €5,301 (-43.9%), from €12,080 to €6,779
of which Furniture and vehicles: -€3,024
- Intangible fixed assets +€2,470
up €2,470 (+99.7%), from €2,479 to €4,949
- Profit (loss) carried forward +€48,006
up €48,006 (+235%), from €20,458 to €68,464
- Advances received +€30,476
new in 2026: €30,476
- Tax, wage and social debts +€12,822
up €12,822 (+102%), from €12,538 to €25,360
- Trade debts +€9,262
up €9,262 (+71.4%), from €12,972 to €22,234
- Current portion of long-term debt -€1,550
down €1,550 (-100%), from €1,550 to €0
- Gross operating margin +€63,941
up €63,941 (+525%), from €12,179 to €76,120
- Taxes +€13,584
up €13,584 (+799%), from €1,700 to €15,284
- Depreciation +€1,468
up €1,468 (+17.9%), from €8,217 to €9,684
- Financial charges +€947
up €947 (+59.0%), from €1,605 to €2,553
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,018 | €149,610 | +€99,592 | +199% |
| Formation expenses | 20 | €447 | €284 | -€163 | -36.4% |
| Fixed assets | 21/28 | €15,159 | €12,328 | -€2,831 | -18.7% |
| Intangible fixed assets | 21 | €2,479 | €4,949 | +€2,470 | +99.7% |
| Tangible fixed assets | 22/27 | €12,080 | €6,779 | -€5,301 | -43.9% |
| Furniture and vehicles | 24 | €8,349 | €5,325 | -€3,024 | -36.2% |
| Other tangible fixed assets | 26 | €3,731 | €1,454 | -€2,277 | -61.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €34,412 | €136,998 | +€102,586 | +298% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €8,991 | €125,285 | +€116,294 | +1,293% |
| Trade receivables | 40 | €5,362 | €118,590 | +€113,228 | +2,112% |
| Other amounts receivable | 41 | €3,629 | €6,695 | +€3,066 | +84.5% |
| Cash at bank and in hand | 54/58 | €23,868 | €9,879 | -€13,988 | -58.6% |
| Deferred charges and accrued income | 490/1 | €1,553 | €1,834 | +€280 | +18.0% |
| Total equity and liabilities | 10/49 | €50,018 | €149,610 | +€99,592 | +199% |
| Equity | 10/15 | €22,958 | €70,964 | +€48,006 | +209% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,458 | €68,464 | +€48,006 | +235% |
| Amounts payable | 17/49 | €27,060 | €78,646 | +€51,586 | +191% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €27,060 | €78,069 | +€51,009 | +189% |
| Current portion of amounts payable after more than one year | 42 | €1,550 | €0 | -€1,550 | -100% |
| Trade debts | 44 | €12,972 | €22,234 | +€9,262 | +71.4% |
| Suppliers | 440/4 | €12,972 | €22,234 | +€9,262 | +71.4% |
| Advances received on contracts in progress | 46 | - | €30,476 | +€30,476 | |
| Taxes, remuneration and social security | 45 | €12,538 | €25,360 | +€12,822 | +102% |
| Taxes | 450/3 | €12,538 | €25,360 | +€12,822 | +102% |
| Accrued charges and deferred income | 492/3 | - | €576 | +€576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,217 | €9,684 | +€1,468 | +17.9% |
| Other operating charges | 640/8 | €274 | €592 | +€318 | +116% |
| Gross operating margin | 9900 | €12,179 | €76,120 | +€63,941 | +525% |
| Operating profit (loss) | 9901 | €3,689 | €65,843 | +€62,155 | +1,685% |
| Financial income | 75/76B | €196 | €0 | -€196 | -100.0% |
| Recurring financial income | 75 | €196 | €0 | -€196 | -100.0% |
| Financial charges | 65/66B | €1,605 | €2,553 | +€947 | +59.0% |
| Recurring financial charges | 65 | €1,605 | €2,553 | +€947 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €2,279 | €63,291 | +€61,012 | +2,677% |
| Income taxes | 67/77 | €1,700 | €15,284 | +€13,584 | +799% |
| Profit (loss) for the period | 9904 | €579 | €48,006 | +€47,428 | +8,194% |
| Profit (loss) for the period to be appropriated | 9905 | €579 | €48,006 | +€47,428 | +8,194% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.