4TECHNICS: 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.
4TECHNICS
Largest movements
- Receivables within one year +€776,026
up €776,026 (+74.1%), from €1.0m to €1.8m
of which Trade receivables: +€1.0m
- Cash -€204,208
down €204,208 (-26.4%), from €773,219 to €569,011
mainly Receivables within one year (-€776,026) and Contributions, distributions and other (-€500,000)
- Tangible fixed assets +€164,473
up €164,473 (+103.1%), from €159,482 to €323,956
of which Furniture and vehicles: +€119,236
- Trade debts +€690,940
up €690,940 (+143.4%), from €481,885 to €1.2m
- Debts after one year +€108,098
up €108,098 (+213.4%), from €50,664 to €158,763
- Reserves -€102,669
down €102,669 (-9.6%), from €1.1m to €965,282
- Accrued charges and deferred income +€78,055
up €78,055 (+1470.3%), from €5,309 to €83,364
- Advances received -€72,047
down €72,047 (-100.0%), from €72,047 to €0
- Gross operating margin +€675,015
up €675,015 (+121.5%), from €555,661 to €1.2m
- Staff costs +€230,276
up €230,276 (+56.6%), from €407,094 to €637,371
- Taxes +€65,648
up €65,648 (+285.1%), from €23,023 to €88,671
- Depreciation +€30,382
up €30,382 (+45.3%), from €67,028 to €97,410
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 | €2,270,933 | €3,009,232 | +€738,299 | +32.5% |
| Fixed assets | 21/28 | €218,613 | €382,408 | +€163,794 | +74.9% |
| Intangible fixed assets | 21 | €47,931 | €38,252 | -€9,679 | -20.2% |
| Tangible fixed assets | 22/27 | €159,482 | €323,956 | +€164,473 | +103.1% |
| Plant, machinery and equipment | 23 | €12,270 | €11,706 | -€563 | -4.6% |
| Furniture and vehicles | 24 | €147,213 | €266,448 | +€119,236 | +81.0% |
| Leasing and similar rights | 25 | - | €32,541 | +€32,541 | |
| Other tangible fixed assets | 26 | - | €13,260 | +€13,260 | |
| Financial fixed assets | 28 | €11,200 | €20,200 | +€9,000 | +80.4% |
| Current assets | 29/58 | €2,052,320 | €2,626,825 | +€574,505 | +28.0% |
| Stocks and contracts in progress | 3 | €213,660 | €219,813 | +€6,153 | +2.9% |
| Stocks | 30/36 | €197,838 | €199,838 | +€2,000 | +1.0% |
| Contracts in progress | 37 | €15,822 | €19,975 | +€4,153 | +26.2% |
| Amounts receivable within one year | 40/41 | €1,047,590 | €1,823,616 | +€776,026 | +74.1% |
| Trade receivables | 40 | €459,051 | €1,502,310 | +€1.0m | +227.3% |
| Other amounts receivable | 41 | €588,539 | €321,306 | -€267,233 | -45.4% |
| Cash at bank and in hand | 54/58 | €773,219 | €569,011 | -€204,208 | -26.4% |
| Deferred charges and accrued income | 490/1 | €17,851 | €14,385 | -€3,466 | -19.4% |
| Total equity and liabilities | 10/49 | €2,270,933 | €3,009,232 | +€738,299 | +32.5% |
| Equity | 10/15 | €1,069,951 | €967,282 | -€102,669 | -9.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,067,951 | €965,282 | -€102,669 | -9.6% |
| Distributable reserves | 133 | €1,067,951 | €965,282 | -€102,669 | -9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,200,982 | €2,041,950 | +€840,968 | +70.0% |
| Amounts payable after more than one year | 17 | €50,664 | €158,763 | +€108,098 | +213.4% |
| Financial debts | 170/4 | €50,664 | €158,763 | +€108,098 | +213.4% |
| Amounts payable within one year | 42/48 | €1,145,009 | €1,799,823 | +€654,815 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | €21,649 | €42,813 | +€21,163 | +97.8% |
| Trade debts | 44 | €481,885 | €1,172,825 | +€690,940 | +143.4% |
| Suppliers | 440/4 | €481,885 | €1,172,825 | +€690,940 | +143.4% |
| Advances received on contracts in progress | 46 | €72,047 | €0 | -€72,047 | -100.0% |
| Taxes, remuneration and social security | 45 | €68,981 | €84,186 | +€15,204 | +22.0% |
| Taxes | 450/3 | €29,650 | €3,365 | -€26,285 | -88.7% |
| Remuneration and social security | 454/9 | €39,331 | €80,821 | +€41,490 | +105.5% |
| Other amounts payable | 47/48 | €500,446 | €500,000 | -€446 | -0.1% |
| Accrued charges and deferred income | 492/3 | €5,309 | €83,364 | +€78,055 | +1470.3% |
| Non-recurring operating income | 76A | €0 | €6,143 | +€6,143 | |
| Remuneration, social security and pensions | 62 | €407,094 | €637,371 | +€230,276 | +56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,028 | €97,410 | +€30,382 | +45.3% |
| Other operating charges | 640/8 | €15,231 | €10,223 | -€5,008 | -32.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €555,661 | €1,230,676 | +€675,015 | +121.5% |
| Operating profit (loss) | 9901 | €66,308 | €485,672 | +€419,364 | +632.4% |
| Financial income | 75/76B | €9,884 | €9,870 | -€14 | -0.1% |
| Recurring financial income | 75 | €9,884 | €9,870 | -€14 | -0.1% |
| Financial charges | 65/66B | €4,572 | €9,540 | +€4,968 | +108.7% |
| Recurring financial charges | 65 | €4,572 | €9,540 | +€4,968 | +108.7% |
| Profit (loss) for the period before taxes | 9903 | €71,620 | €486,002 | +€414,382 | +578.6% |
| Income taxes | 67/77 | €23,023 | €88,671 | +€65,648 | +285.1% |
| Profit (loss) for the period | 9904 | €48,597 | €397,331 | +€348,734 | +717.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,597 | €397,331 | +€348,734 | +717.6% |
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 11 October 2026 via checked.be.