BELGIAN TECHNOLOGY & CONSTRUCTION: 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.
BELGIAN TECHNOLOGY & CONSTRUCTION
Largest movements
- Receivables within one year -€156,225
down €156,225 (-33.9%), from €460,812 to €304,588
of which Trade receivables: -€145,622
- Stocks and contracts -€139,595
down €139,595 (-21.3%), from €655,959 to €516,365
- Tangible fixed assets -€102,092
down €102,092 (-17.0%), from €600,467 to €498,376
of which Furniture and vehicles: -€55,117
- Cash +€100,511
up €100,511 (+1,579%), from €6,367 to €106,877
mainly Contributions, distributions and other (+€307,379) and Receivables within one year (+€156,225)
- Other debts -€312,201
down €312,201 (-93.3%), from €334,664 to €22,463
- Contributions +€307,379
up €307,379 (+496%), from €62,000 to €369,379
- Trade debts -€196,613
down €196,613 (-72.5%), from €271,060 to €74,447
- Debts after one year -€103,075
down €103,075 (-16.2%), from €636,632 to €533,557
- Current portion of long-term debt -€40,232
down €40,232 (-28.3%), from €142,058 to €101,825
- Gross operating margin -€81,369
down €81,369 (-8.9%), from €911,695 to €830,326
- Staff costs -€66,084
down €66,084 (-9.9%), from €664,917 to €598,833
- Depreciation -€26,745
down €26,745 (-15.3%), from €174,814 to €148,068
- Other operating charges -€9,304
down €9,304 (-50.2%), from €18,547 to €9,243
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 | €1,726,402 | €1,434,747 | -€291,655 | -16.9% |
| Fixed assets | 21/28 | €600,545 | €498,454 | -€102,092 | -17.0% |
| Tangible fixed assets | 22/27 | €600,467 | €498,376 | -€102,092 | -17.0% |
| Land and buildings | 22 | €351,306 | €319,248 | -€32,057 | -9.1% |
| Plant, machinery and equipment | 23 | €49,907 | €50,476 | +€570 | +1.1% |
| Furniture and vehicles | 24 | €183,768 | €128,651 | -€55,117 | -30.0% |
| Leasing and similar rights | 25 | €15,487 | €0 | -€15,487 | -100% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €1,125,856 | €936,293 | -€189,563 | -16.8% |
| Stocks and contracts in progress | 3 | €655,959 | €516,365 | -€139,595 | -21.3% |
| Stocks | 30/36 | €655,959 | €516,365 | -€139,595 | -21.3% |
| Amounts receivable within one year | 40/41 | €460,812 | €304,588 | -€156,225 | -33.9% |
| Trade receivables | 40 | €449,327 | €303,705 | -€145,622 | -32.4% |
| Other amounts receivable | 41 | €11,485 | €883 | -€10,603 | -92.3% |
| Cash at bank and in hand | 54/58 | €6,367 | €106,877 | +€100,511 | +1,579% |
| Deferred charges and accrued income | 490/1 | €2,718 | €8,463 | +€5,745 | +211% |
| Total equity and liabilities | 10/49 | €1,726,402 | €1,434,747 | -€291,655 | -16.9% |
| Equity | 10/15 | €204,919 | €530,943 | +€326,024 | +159% |
| Contributions | 10/11 | €62,000 | €369,379 | +€307,379 | +496% |
| Capital | 10 | €62,000 | €369,379 | +€307,379 | +496% |
| Issued capital | 100 | €62,000 | €369,379 | +€307,379 | +496% |
| Reserves | 13 | €142,919 | €161,564 | +€18,644 | +13.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €136,719 | €155,364 | +€18,644 | +13.6% |
| Amounts payable | 17/49 | €1,521,482 | €903,804 | -€617,678 | -40.6% |
| Amounts payable after more than one year | 17 | €636,632 | €533,557 | -€103,075 | -16.2% |
| Financial debts | 170/4 | €636,632 | €533,557 | -€103,075 | -16.2% |
| Amounts payable within one year | 42/48 | €875,167 | €329,445 | -€545,722 | -62.4% |
| Current portion of amounts payable after more than one year | 42 | €142,058 | €101,825 | -€40,232 | -28.3% |
| Financial debts | 43 | - | €440 | +€440 | |
| Other loans | 439 | - | €440 | +€440 | |
| Trade debts | 44 | €271,060 | €74,447 | -€196,613 | -72.5% |
| Suppliers | 440/4 | €271,060 | €74,447 | -€196,613 | -72.5% |
| Taxes, remuneration and social security | 45 | €127,385 | €130,269 | +€2,884 | +2.3% |
| Taxes | 450/3 | €20,073 | €45,573 | +€25,500 | +127% |
| Remuneration and social security | 454/9 | €107,313 | €84,697 | -€22,616 | -21.1% |
| Other amounts payable | 47/48 | €334,664 | €22,463 | -€312,201 | -93.3% |
| Accrued charges and deferred income | 492/3 | €9,683 | €40,802 | +€31,119 | +321% |
| Non-recurring operating income | 76A | €0 | €9,623 | +€9,623 | |
| Remuneration, social security and pensions | 62 | €664,917 | €598,833 | -€66,084 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,814 | €148,068 | -€26,745 | -15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,558 | €0 | +€3,558 | |
| Other operating charges | 640/8 | €18,547 | €9,243 | -€9,304 | -50.2% |
| Non-recurring operating charges | 66A | €4,150 | €0 | -€4,150 | -100% |
| Gross operating margin | 9900 | €911,695 | €830,326 | -€81,369 | -8.9% |
| Operating profit (loss) | 9901 | €52,825 | €74,182 | +€21,357 | +40.4% |
| Financial income | 75/76B | €3,793 | €295 | -€3,497 | -92.2% |
| Recurring financial income | 75 | €3,793 | €295 | -€3,497 | -92.2% |
| Financial charges | 65/66B | €48,974 | €46,915 | -€2,060 | -4.2% |
| Recurring financial charges | 65 | €48,974 | €46,915 | -€2,060 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €7,644 | €27,563 | +€19,919 | +261% |
| Income taxes | 67/77 | €6,415 | €8,919 | +€2,504 | +39.0% |
| Profit (loss) for the period | 9904 | €1,229 | €18,644 | +€17,415 | +1,417% |
| Profit (loss) for the period to be appropriated | 9905 | €1,229 | €18,644 | +€17,415 | +1,417% |
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 15 October 2026 via checked.be.