2M TECH: what changed
Two fiscal 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.
2M TECH
Largest movements
- Receivables within one year +€87,123
up €87,123 (+60.1%), from €145,021 to €232,144
of which Trade receivables: +€79,480
- Cash -€78,918
down €78,918 (-45.0%), from €175,194 to €96,275
mainly Receivables within one year (-€87,123) and Debts after one year (-€53,377)
- Tangible fixed assets -€24,853
down €24,853 (-12.0%), from €206,359 to €181,506
of which Plant, machinery and equipment: -€25,818
- Stocks and contracts +€6,476
up €6,476 (+10.9%), from €59,609 to €66,085
- Debts after one year -€53,377
down €53,377 (-62.3%), from €85,708 to €32,331
- Trade debts +€37,791
up €37,791 (+54.3%), from €69,570 to €107,361
- Gross operating margin -€18,884
down €18,884 (-7.1%), from €264,651 to €245,767
- Taxes -€7,295
down €7,295 (-28.4%), from €25,653 to €18,358
- Write-downs -€6,630
down €6,630 (-100.0%), from €6,630 to €0
- Depreciation +€5,705
up €5,705 (+7.6%), from €75,062 to €80,766
- Staff costs +€3,358
up €3,358 (+4.0%), from €84,758 to €88,116
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 | €599,312 | €584,755 | -€14,557 | -2.4% |
| Fixed assets | 21/28 | €216,847 | €186,005 | -€30,843 | -14.2% |
| Intangible fixed assets | 21 | €8,539 | €2,549 | -€5,989 | -70.1% |
| Tangible fixed assets | 22/27 | €206,359 | €181,506 | -€24,853 | -12.0% |
| Plant, machinery and equipment | 23 | €169,452 | €143,634 | -€25,818 | -15.2% |
| Furniture and vehicles | 24 | €14,823 | €14,643 | -€180 | -1.2% |
| Other tangible fixed assets | 26 | €22,084 | €23,228 | +€1,145 | +5.2% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €382,465 | €398,750 | +€16,285 | +4.3% |
| Stocks and contracts in progress | 3 | €59,609 | €66,085 | +€6,476 | +10.9% |
| Stocks | 30/36 | €59,609 | €66,085 | +€6,476 | +10.9% |
| Amounts receivable within one year | 40/41 | €145,021 | €232,144 | +€87,123 | +60.1% |
| Trade receivables | 40 | €145,021 | €224,502 | +€79,480 | +54.8% |
| Other amounts receivable | 41 | - | €7,642 | +€7,642 | |
| Cash at bank and in hand | 54/58 | €175,194 | €96,275 | -€78,918 | -45.0% |
| Deferred charges and accrued income | 490/1 | €2,641 | €4,246 | +€1,605 | +60.8% |
| Total equity and liabilities | 10/49 | €599,312 | €584,755 | -€14,557 | -2.4% |
| Equity | 10/15 | €276,705 | €279,898 | +€3,193 | +1.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,245 | €259,438 | +€3,193 | +1.2% |
| Amounts payable | 17/49 | €322,607 | €304,857 | -€17,750 | -5.5% |
| Amounts payable after more than one year | 17 | €85,708 | €32,331 | -€53,377 | -62.3% |
| Financial debts | 170/4 | €85,708 | €32,331 | -€53,377 | -62.3% |
| Amounts payable within one year | 42/48 | €236,582 | €272,202 | +€35,621 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €51,819 | €53,377 | +€1,559 | +3.0% |
| Trade debts | 44 | €69,570 | €107,361 | +€37,791 | +54.3% |
| Suppliers | 440/4 | €69,570 | €107,361 | +€37,791 | +54.3% |
| Taxes, remuneration and social security | 45 | €44,117 | €40,050 | -€4,067 | -9.2% |
| Taxes | 450/3 | €31,982 | €26,715 | -€5,267 | -16.5% |
| Remuneration and social security | 454/9 | €12,135 | €13,335 | +€1,200 | +9.9% |
| Other amounts payable | 47/48 | €71,076 | €71,414 | +€339 | +0.5% |
| Accrued charges and deferred income | 492/3 | €317 | €324 | +€7 | +2.0% |
| Non-recurring operating income | 76A | - | €1,810 | +€1,810 | |
| Remuneration, social security and pensions | 62 | €84,758 | €88,116 | +€3,358 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,062 | €80,766 | +€5,705 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,630 | €0 | -€6,630 | -100.0% |
| Other operating charges | 640/8 | €1,379 | €1,362 | -€18 | -1.3% |
| Non-recurring operating charges | 66A | €2,597 | €3,128 | +€531 | +20.5% |
| Gross operating margin | 9900 | €264,651 | €245,767 | -€18,884 | -7.1% |
| Operating profit (loss) | 9901 | €94,226 | €72,396 | -€21,830 | -23.2% |
| Financial income | 75/76B | €9 | €24 | +€15 | +164.6% |
| Recurring financial income | 75 | €9 | €24 | +€15 | +164.6% |
| Financial charges | 65/66B | €5,486 | €3,810 | -€1,677 | -30.6% |
| Recurring financial charges | 65 | €5,486 | €3,810 | -€1,677 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €88,749 | €68,610 | -€20,139 | -22.7% |
| Income taxes | 67/77 | €25,653 | €18,358 | -€7,295 | -28.4% |
| Profit (loss) for the period | 9904 | €63,096 | €50,252 | -€12,844 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,096 | €50,252 | -€12,844 | -20.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.