CS Tech: what changed
Two fiscal 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.
CS Tech
Largest movements
- Current investments +€34,183
up €34,183 (+14242812.5%), from €0 to €34,183
- Stocks and contracts +€31,273
up €31,273 (+46.4%), from €67,406 to €98,679
of which Contracts in progress: +€38,098
- Receivables within one year -€19,095
down €19,095 (-23.2%), from €82,263 to €63,168
of which Trade receivables: -€23,546
- Deferred charges and accrued income -€4,761
down €4,761 (-22.5%), from €21,201 to €16,440
- Debts after one year +€61,980
up €61,980 (+58.9%), from €105,273 to €167,253
- Tax, wage and social debts -€31,408
down €31,408 (-94.6%), from €33,196 to €1,788
of which Taxes: -€27,928
- Short-term financial debts +€21,198
up €21,198 (+79.0%), from €26,838 to €48,036
- Trade debts -€18,764
down €18,764 (-35.1%), from €53,385 to €34,621
- Profit (loss) carried forward +€9,156
up €9,156 (+15.8%), from -€58,078 to -€48,923
- Gross operating margin +€33,926
up €33,926 (+238.4%), from €14,231 to €48,157
- Staff costs -€25,119
down €25,119 (-50.3%), from €49,900 to €24,781
- Depreciation -€20,483
down €20,483 (-88.1%), from €23,249 to €2,767
- Financial charges +€8,494
up €8,494 (+164.9%), from €5,150 to €13,644
- Write-downs +€3,042
up €3,042 (+52.6%), from -€5,783 to -€2,741
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,102 | €343,449 | +€41,347 | +13.7% |
| Fixed assets | 21/28 | €131,231 | €130,978 | -€253 | -0.2% |
| Tangible fixed assets | 22/27 | €124,731 | €124,478 | -€253 | -0.2% |
| Land and buildings | 22 | €119,165 | €121,597 | +€2,431 | +2.0% |
| Plant, machinery and equipment | 23 | €4,749 | €2,370 | -€2,379 | -50.1% |
| Furniture and vehicles | 24 | €816 | €511 | -€305 | -37.4% |
| Financial fixed assets | 28 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €170,871 | €212,471 | +€41,600 | +24.3% |
| Stocks and contracts in progress | 3 | €67,406 | €98,679 | +€31,273 | +46.4% |
| Stocks | 30/36 | €67,406 | €60,581 | -€6,825 | -10.1% |
| Contracts in progress | 37 | - | €38,098 | +€38,098 | |
| Amounts receivable within one year | 40/41 | €82,263 | €63,168 | -€19,095 | -23.2% |
| Trade receivables | 40 | €56,088 | €32,542 | -€23,546 | -42.0% |
| Other amounts receivable | 41 | €26,176 | €30,627 | +€4,451 | +17.0% |
| Current investments | 50/53 | €0 | €34,183 | +€34,183 | +14242812.5% |
| Deferred charges and accrued income | 490/1 | €21,201 | €16,440 | -€4,761 | -22.5% |
| Total equity and liabilities | 10/49 | €302,102 | €343,449 | +€41,347 | +13.7% |
| Equity | 10/15 | €57,422 | €66,577 | +€9,156 | +15.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €85,500 | €85,500 | = | 0.0% |
| Distributable reserves | 133 | €85,500 | €85,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,078 | -€48,923 | +€9,156 | +15.8% |
| Amounts payable | 17/49 | €244,681 | €276,872 | +€32,191 | +13.2% |
| Amounts payable after more than one year | 17 | €105,273 | €167,253 | +€61,980 | +58.9% |
| Financial debts | 170/4 | €105,273 | €167,253 | +€61,980 | +58.9% |
| Amounts payable within one year | 42/48 | €124,646 | €98,813 | -€25,833 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €10,198 | €13,020 | +€2,822 | +27.7% |
| Financial debts | 43 | €26,838 | €48,036 | +€21,198 | +79.0% |
| Credit institutions | 430/8 | €26,838 | €48,036 | +€21,198 | +79.0% |
| Trade debts | 44 | €53,385 | €34,621 | -€18,764 | -35.1% |
| Suppliers | 440/4 | €53,385 | €34,621 | -€18,764 | -35.1% |
| Taxes, remuneration and social security | 45 | €33,196 | €1,788 | -€31,408 | -94.6% |
| Taxes | 450/3 | €27,928 | - | -€27,928 | |
| Remuneration and social security | 454/9 | €5,269 | €1,788 | -€3,481 | -66.1% |
| Other amounts payable | 47/48 | €1,029 | €1,349 | +€320 | +31.1% |
| Accrued charges and deferred income | 492/3 | €14,762 | €10,806 | -€3,956 | -26.8% |
| Remuneration, social security and pensions | 62 | €49,900 | €24,781 | -€25,119 | -50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,249 | €2,767 | -€20,483 | -88.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,783 | -€2,741 | +€3,042 | +52.6% |
| Other operating charges | 640/8 | €801 | €1,345 | +€544 | +68.0% |
| Gross operating margin | 9900 | €14,231 | €48,157 | +€33,926 | +238.4% |
| Operating profit (loss) | 9901 | -€53,937 | €22,004 | +€75,941 | |
| Financial income | 75/76B | €939 | €795 | -€144 | -15.3% |
| Recurring financial income | 75 | €939 | €795 | -€144 | -15.3% |
| Financial charges | 65/66B | €5,150 | €13,644 | +€8,494 | +164.9% |
| Recurring financial charges | 65 | €5,150 | €13,644 | +€8,494 | +164.9% |
| Profit (loss) for the period before taxes | 9903 | -€58,148 | €9,156 | +€67,304 | |
| Profit (loss) for the period | 9904 | -€58,148 | €9,156 | +€67,304 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,148 | €9,156 | +€67,304 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.