AS TECHNICS: what changed
What changed
AS TECHNICS
NACE 42.220, Construction of utility projects for electricity and telecommunications
filed annual accounts (NBB)
Net result for the year
-€3,291
2024 · €596,200-€599,491
Equity
€535,061
2024 · €538,351-€3,291
Cash
€119,089
2024 · €42,120+€76,969
Balance sheet total
€571,898
2024 · €1.1m-€512,771
Largest movements
Assets
- Receivables within one year -€595,433
down €595,433 (-91.4%), from €651,332 to €55,899
of which Trade receivables: -€599,175
- Cash +€76,969
up €76,969 (+183%), from €42,120 to €119,089
mainly Receivables within one year (+€595,433) and Depreciation (+€22,768)
Equity and liabilities
- Other debts -€479,231
no longer reported in 2025 (was €479,231)
- Trade debts -€27,498
down €27,498 (-82.5%), from €33,330 to €5,831
- Revaluation surpluses -€12,121
down €12,121 (-4.3%), from €278,788 to €266,667
- Reserves +€12,121
up €12,121 (+9.8%), from €123,712 to €135,833
of which Distributable reserves: +€12,121
Income statement
- Gross operating margin -€680,744
down €680,744 (-94.5%), from €720,481 to €39,737
- Financial charges -€49,720
down €49,720 (-81.0%), from €61,383 to €11,663
- Taxes -€35,848
down €35,848 (-87.4%), from €41,006 to €5,159
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€596,200
Gross operating margin
-€680,744
Staff costs
-€3,072
Depreciation
-€1,391
Other operating charges
+€49
Other operating items
+€100
Financial charges
+€49,720
Taxes
+€35,848
Result 2025
-€3,291
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€110,507
Investment
-€30,787
Financing
-€2,751
Cash 2024
€42,120
From operations (derived)
+€110,507
Net result for the year
-€3,291
Depreciation
+€22,768
Receivables within one year
+€595,433
Deferred charges and accrued income
+€2,325
Trade debts
-€27,498
Other debts
-€479,231
Investment (derived)
-€30,787
Investment in fixed assets (net)
-€30,787
Financing
-€2,751
Current portion of long-term debt
-€2,751
Cash 2025
€119,089
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,084,670 | €571,898 | -€512,771 | -47.3% |
| Fixed assets | 21/28 | €387,983 | €396,001 | +€8,018 | +2.1% |
| Tangible fixed assets | 22/27 | €387,983 | €396,001 | +€8,018 | +2.1% |
| Land and buildings | 22 | €370,938 | €386,319 | +€15,381 | +4.1% |
| Plant, machinery and equipment | 23 | €7,193 | €5,236 | -€1,958 | -27.2% |
| Furniture and vehicles | 24 | €9,851 | €4,446 | -€5,405 | -54.9% |
| Current assets | 29/58 | €696,687 | €175,898 | -€520,790 | -74.8% |
| Amounts receivable within one year | 40/41 | €651,332 | €55,899 | -€595,433 | -91.4% |
| Trade receivables | 40 | €648,463 | €49,288 | -€599,175 | -92.4% |
| Other amounts receivable | 41 | €2,869 | €6,612 | +€3,742 | +130% |
| Cash at bank and in hand | 54/58 | €42,120 | €119,089 | +€76,969 | +183% |
| Deferred charges and accrued income | 490/1 | €3,235 | €910 | -€2,325 | -71.9% |
| Total equity and liabilities | 10/49 | €1,084,670 | €571,898 | -€512,771 | -47.3% |
| Equity | 10/15 | €538,351 | €535,061 | -€3,291 | -0.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €278,788 | €266,667 | -€12,121 | -4.3% |
| Reserves | 13 | €123,712 | €135,833 | +€12,121 | +9.8% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €121,212 | €133,333 | +€12,121 | +10.0% |
| Profit (loss) carried forward | 14 | €110,851 | €107,561 | -€3,291 | -3.0% |
| Amounts payable | 17/49 | €546,318 | €36,838 | -€509,481 | -93.3% |
| Amounts payable within one year | 42/48 | €546,318 | €36,838 | -€509,481 | -93.3% |
| Current portion of amounts payable after more than one year | 42 | €2,751 | - | -€2,751 | |
| Trade debts | 44 | €33,330 | €5,831 | -€27,498 | -82.5% |
| Suppliers | 440/4 | €33,330 | €5,831 | -€27,498 | -82.5% |
| Taxes, remuneration and social security | 45 | €31,006 | €31,006 | = | 0.0% |
| Taxes | 450/3 | €31,006 | €31,006 | = | 0.0% |
| Other amounts payable | 47/48 | €479,231 | - | -€479,231 | |
| Non-recurring operating income | 76A | €2,811 | €830 | -€1,981 | -70.5% |
| Remuneration, social security and pensions | 62 | -€3,000 | €72 | +€3,072 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,377 | €22,768 | +€1,391 | +6.5% |
| Other operating charges | 640/8 | €3,415 | €3,365 | -€49 | -1.4% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €720,481 | €39,737 | -€680,744 | -94.5% |
| Operating profit (loss) | 9901 | €698,589 | €13,531 | -€685,059 | -98.1% |
| Financial charges | 65/66B | €61,383 | €11,663 | -€49,720 | -81.0% |
| Recurring financial charges | 65 | €61,383 | €11,663 | -€49,720 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | €637,206 | €1,868 | -€635,338 | -99.7% |
| Income taxes | 67/77 | €41,006 | €5,159 | -€35,848 | -87.4% |
| Profit (loss) for the period | 9904 | €596,200 | -€3,291 | -€599,491 | |
| Profit (loss) for the period to be appropriated | 9905 | €596,200 | -€3,291 | -€599,491 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.