BUSINESS DEVELOPMENT FOR TECHNOLOGY: 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.
BUSINESS DEVELOPMENT FOR TECHNOLOGY
Largest movements
- Receivables within one year +€63,610
up €63,610 (+277%), from €22,990 to €86,600
of which Trade receivables: +€79,280
- Current investments +€30,280
up €30,280 (+42.9%), from €70,584 to €100,864
- Stocks and contracts -€12,334
down €12,334 (-54.2%), from €22,775 to €10,441
- Intangible fixed assets -€12,305
down €12,305 (-32.7%), from €37,637 to €25,332
- Reserves +€72,776
up €72,776 (+43.2%), from €168,324 to €241,099
- Trade debts -€10,123
down €10,123 (-64.4%), from €15,707 to €5,584
- Gross operating margin +€56,599
up €56,599 (+84.2%), from €67,259 to €123,858
- Taxes +€18,704
up €18,704 (+120%), from €15,613 to €34,316
- Depreciation -€1,257
down €1,257 (-8.0%), from €15,733 to €14,476
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 | €209,427 | €273,607 | +€64,180 | +30.6% |
| Fixed assets | 21/28 | €41,467 | €26,991 | -€14,476 | -34.9% |
| Intangible fixed assets | 21 | €37,637 | €25,332 | -€12,305 | -32.7% |
| Tangible fixed assets | 22/27 | €3,830 | €1,660 | -€2,170 | -56.7% |
| Furniture and vehicles | 24 | €3,830 | €1,660 | -€2,170 | -56.7% |
| Current assets | 29/58 | €167,960 | €246,616 | +€78,656 | +46.8% |
| Stocks and contracts in progress | 3 | €22,775 | €10,441 | -€12,334 | -54.2% |
| Stocks | 30/36 | €22,775 | €10,441 | -€12,334 | -54.2% |
| Amounts receivable within one year | 40/41 | €22,990 | €86,600 | +€63,610 | +277% |
| Trade receivables | 40 | €870 | €80,150 | +€79,280 | +9,113% |
| Other amounts receivable | 41 | €22,120 | €6,450 | -€15,670 | -70.8% |
| Current investments | 50/53 | €70,584 | €100,864 | +€30,280 | +42.9% |
| Cash at bank and in hand | 54/58 | €49,422 | €47,128 | -€2,294 | -4.6% |
| Deferred charges and accrued income | 490/1 | €2,189 | €1,583 | -€606 | -27.7% |
| Total equity and liabilities | 10/49 | €209,427 | €273,607 | +€64,180 | +30.6% |
| Equity | 10/15 | €186,924 | €259,699 | +€72,776 | +38.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,324 | €241,099 | +€72,776 | +43.2% |
| Distributable reserves | 133 | €168,324 | €241,099 | +€72,776 | +43.2% |
| Amounts payable | 17/49 | €22,503 | €13,907 | -€8,596 | -38.2% |
| Amounts payable within one year | 42/48 | €22,503 | €13,467 | -€9,036 | -40.2% |
| Trade debts | 44 | €15,707 | €5,584 | -€10,123 | -64.4% |
| Suppliers | 440/4 | €15,707 | €5,584 | -€10,123 | -64.4% |
| Other amounts payable | 47/48 | €6,796 | €7,884 | +€1,087 | +16.0% |
| Accrued charges and deferred income | 492/3 | - | €440 | +€440 | |
| Non-recurring operating income | 76A | €3,300 | €0 | -€3,300 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,733 | €14,476 | -€1,257 | -8.0% |
| Other operating charges | 640/8 | €957 | €960 | +€3 | +0.3% |
| Gross operating margin | 9900 | €67,259 | €123,858 | +€56,599 | +84.2% |
| Operating profit (loss) | 9901 | €50,570 | €108,423 | +€57,853 | +114% |
| Financial income | 75/76B | €111 | €400 | +€290 | +261% |
| Recurring financial income | 75 | €111 | €400 | +€290 | +261% |
| Financial charges | 65/66B | €1,540 | €1,731 | +€191 | +12.4% |
| Recurring financial charges | 65 | €1,540 | €1,731 | +€191 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €49,140 | €107,092 | +€57,952 | +118% |
| Income taxes | 67/77 | €15,613 | €34,316 | +€18,704 | +120% |
| Profit (loss) for the period | 9904 | €33,528 | €72,776 | +€39,248 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €33,528 | €72,776 | +€39,248 | +117% |
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 23 October 2026 via checked.be.