GENERAL TECHNICAL SERVICES FOR PROJECTS: 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.
GENERAL TECHNICAL SERVICES FOR PROJECTS
Largest movements
- Cash +€180,876
up €180,876 (+25.9%), from €697,589 to €878,465
mainly Net result for the year (+€264,543) and Receivables within one year (+€152,175)
- Receivables within one year -€152,175
down €152,175 (-18.9%), from €805,027 to €652,851
of which Trade receivables: -€155,182
- Tangible fixed assets +€98,590
up €98,590 (+117.0%), from €84,257 to €182,847
of which Furniture and vehicles: +€100,249
- Tax, wage and social debts +€116,116
up €116,116 (+18.4%), from €630,332 to €746,448
of which Remuneration and social security: +€125,949
- Short-term financial debts +€90,375
up €90,375 (+45.0%), from €200,792 to €291,168
- Trade debts -€82,134
down €82,134 (-75.3%), from €109,041 to €26,907
- Gross operating margin +€407,302
up €407,302 (+8.5%), from €4.8m to €5.2m
- Staff costs +€404,846
up €404,846 (+9.4%), from €4.3m to €4.7m
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 | €1,643,698 | €1,771,480 | +€127,782 | +7.8% |
| Fixed assets | 21/28 | €104,454 | €205,459 | +€101,004 | +96.7% |
| Intangible fixed assets | 21 | €7,167 | €9,580 | +€2,414 | +33.7% |
| Tangible fixed assets | 22/27 | €84,257 | €182,847 | +€98,590 | +117.0% |
| Plant, machinery and equipment | 23 | €10,149 | €8,490 | -€1,659 | -16.3% |
| Furniture and vehicles | 24 | €74,108 | €174,357 | +€100,249 | +135.3% |
| Financial fixed assets | 28 | €13,031 | €13,031 | = | 0.0% |
| Current assets | 29/58 | €1,539,244 | €1,566,021 | +€26,778 | +1.7% |
| Stocks and contracts in progress | 3 | €18,444 | €17,142 | -€1,302 | -7.1% |
| Stocks | 30/36 | €18,444 | €17,142 | -€1,302 | -7.1% |
| Amounts receivable within one year | 40/41 | €805,027 | €652,851 | -€152,175 | -18.9% |
| Trade receivables | 40 | €792,139 | €636,957 | -€155,182 | -19.6% |
| Other amounts receivable | 41 | €12,887 | €15,894 | +€3,007 | +23.3% |
| Cash at bank and in hand | 54/58 | €697,589 | €878,465 | +€180,876 | +25.9% |
| Deferred charges and accrued income | 490/1 | €18,183 | €17,563 | -€620 | -3.4% |
| Total equity and liabilities | 10/49 | €1,643,698 | €1,771,480 | +€127,782 | +7.8% |
| Equity | 10/15 | €392,630 | €392,630 | = | 0.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€607,370 | -€607,370 | = | 0.0% |
| Amounts payable | 17/49 | €1,251,068 | €1,378,850 | +€127,782 | +10.2% |
| Amounts payable within one year | 42/48 | €1,214,501 | €1,329,066 | +€114,565 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €200,792 | €291,168 | +€90,375 | +45.0% |
| Credit institutions | 430/8 | €200,792 | €291,168 | +€90,375 | +45.0% |
| Trade debts | 44 | €109,041 | €26,907 | -€82,134 | -75.3% |
| Suppliers | 440/4 | €109,041 | €26,907 | -€82,134 | -75.3% |
| Taxes, remuneration and social security | 45 | €630,332 | €746,448 | +€116,116 | +18.4% |
| Taxes | 450/3 | €77,580 | €67,747 | -€9,833 | -12.7% |
| Remuneration and social security | 454/9 | €552,752 | €678,701 | +€125,949 | +22.8% |
| Other amounts payable | 47/48 | €274,336 | €264,543 | -€9,793 | -3.6% |
| Accrued charges and deferred income | 492/3 | €36,567 | €49,784 | +€13,217 | +36.1% |
| Remuneration, social security and pensions | 62 | €4,291,394 | €4,696,240 | +€404,846 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,366 | €43,588 | +€15,222 | +53.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €14,634 | €15,485 | +€852 | +5.8% |
| Gross operating margin | 9900 | €4,776,777 | €5,184,079 | +€407,302 | +8.5% |
| Operating profit (loss) | 9901 | €442,383 | €428,766 | -€13,617 | -3.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €36,888 | €37,578 | +€690 | +1.9% |
| Recurring financial charges | 65 | €36,888 | €37,578 | +€690 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €405,495 | €391,188 | -€14,307 | -3.5% |
| Income taxes | 67/77 | €131,159 | €126,645 | -€4,514 | -3.4% |
| Profit (loss) for the period | 9904 | €274,336 | €264,543 | -€9,793 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €274,336 | €264,543 | -€9,793 | -3.6% |
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 4 October 2026 via checked.be.