4m Technics: 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.
4m Technics
Largest movements
- Receivables within one year +€336,373
up €336,373 (+61.4%), from €548,091 to €884,464
of which Trade receivables: +€328,123
- Cash -€85,398
down €85,398 (-95.1%), from €89,817 to €4,419
mainly Receivables within one year (-€336,373) and Other debts (-€118,400)
- Stocks and contracts -€26,932
down €26,932 (-21.7%), from €124,184 to €97,252
- Tangible fixed assets -€11,923
down €11,923 (-35.5%), from €33,561 to €21,638
of which Plant, machinery and equipment: -€10,157
- Trade debts +€307,589
up €307,589 (+92.3%), from €333,261 to €640,851
- Other debts -€118,400
down €118,400 (-27.4%), from €431,864 to €313,464
- Profit (loss) carried forward +€36,753
up €36,753 (+7.0%), from -€527,457 to -€490,704
- Staff costs -€35,647
down €35,647 (-92.8%), from €38,403 to €2,757
- Gross operating margin -€32,094
down €32,094 (-37.3%), from €85,977 to €53,882
- Depreciation -€24,858
down €24,858 (-67.6%), from €36,781 to €11,923
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 | €810,320 | €1,026,042 | +€215,721 | +26.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €47,942 | €39,621 | -€8,321 | -17.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €33,561 | €21,638 | -€11,923 | -35.5% |
| Plant, machinery and equipment | 23 | €30,062 | €19,904 | -€10,157 | -33.8% |
| Furniture and vehicles | 24 | €1,814 | €483 | -€1,331 | -73.4% |
| Other tangible fixed assets | 26 | €1,685 | €1,251 | -€435 | -25.8% |
| Financial fixed assets | 28 | €14,381 | €17,983 | +€3,602 | +25.0% |
| Current assets | 29/58 | €762,378 | €986,421 | +€224,043 | +29.4% |
| Stocks and contracts in progress | 3 | €124,184 | €97,252 | -€26,932 | -21.7% |
| Stocks | 30/36 | €124,184 | €97,252 | -€26,932 | -21.7% |
| Amounts receivable within one year | 40/41 | €548,091 | €884,464 | +€336,373 | +61.4% |
| Trade receivables | 40 | €509,121 | €837,244 | +€328,123 | +64.4% |
| Other amounts receivable | 41 | €38,971 | €47,220 | +€8,250 | +21.2% |
| Cash at bank and in hand | 54/58 | €89,817 | €4,419 | -€85,398 | -95.1% |
| Deferred charges and accrued income | 490/1 | €286 | €286 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €810,320 | €1,026,042 | +€215,721 | +26.6% |
| Equity | 10/15 | €34,084 | €70,837 | +€36,753 | +108% |
| Contributions | 10/11 | €561,456 | €561,456 | = | 0.0% |
| Capital | 10 | €561,456 | €561,456 | = | 0.0% |
| Issued capital | 100 | €561,456 | €561,456 | = | 0.0% |
| Reserves | 13 | €85 | €85 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85 | €85 | = | 0.0% |
| Legal reserve | 130 | €85 | €85 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€527,457 | -€490,704 | +€36,753 | +7.0% |
| Amounts payable | 17/49 | €776,236 | €955,204 | +€178,968 | +23.1% |
| Amounts payable after more than one year | 17 | €829 | €0 | -€829 | -100% |
| Financial debts | 170/4 | €829 | €0 | -€829 | -100% |
| Amounts payable within one year | 42/48 | €775,407 | €955,204 | +€179,798 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €9,882 | €829 | -€9,053 | -91.6% |
| Trade debts | 44 | €333,261 | €640,851 | +€307,589 | +92.3% |
| Suppliers | 440/4 | €333,261 | €640,851 | +€307,589 | +92.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €400 | €60 | -€339 | -84.9% |
| Taxes | 450/3 | €400 | €60 | -€339 | -84.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €431,864 | €313,464 | -€118,400 | -27.4% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €38,403 | €2,757 | -€35,647 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,781 | €11,923 | -€24,858 | -67.6% |
| Other operating charges | 640/8 | €633 | €77 | -€556 | -87.9% |
| Gross operating margin | 9900 | €85,977 | €53,882 | -€32,094 | -37.3% |
| Operating profit (loss) | 9901 | €10,159 | €39,126 | +€28,967 | +285% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,727 | €2,373 | +€646 | +37.4% |
| Recurring financial charges | 65 | €1,727 | €2,373 | +€646 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €8,432 | €36,753 | +€28,321 | +336% |
| Income taxes | 67/77 | €60 | €0 | -€60 | -100.0% |
| Profit (loss) for the period | 9904 | €8,372 | €36,753 | +€28,381 | +339% |
| Profit (loss) for the period to be appropriated | 9905 | €8,372 | €36,753 | +€28,381 | +339% |
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 14 October 2026 via checked.be.