GLOBAL TECHNICAL EQUIPMENT: 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.
GLOBAL TECHNICAL EQUIPMENT
Largest movements
- Cash +€778,440
up €778,440 (+632%), from €123,159 to €901,599
- Intangible fixed assets +€613,572
up €613,572 (+46.2%), from €1.3m to €1.9m
- Receivables within one year -€498,821
down €498,821 (-23.2%), from €2.2m to €1.7m
of which Trade receivables: -€622,662
- Tangible fixed assets +€124,928
up €124,928 (+197%), from €63,398 to €188,326
of which Furniture and vehicles: +€132,045
- Stocks and contracts -€97,724
down €97,724 (-17.9%), from €546,942 to €449,218
- Trade debts +€749,661
up €749,661 (+62.1%), from €1.2m to €2.0m
- Profit (loss) carried forward +€195,367
up €195,367 (+13.8%), from €1.4m to €1.6m
- Short-term financial debts +€100,000
up €100,000 (+15.4%), from €650,000 to €750,000
- Tax, wage and social debts -€89,525
down €89,525 (-23.7%), from €377,506 to €287,981
of which Taxes: -€142,003
- Gross operating margin +€940,683
up €940,683 (+72.8%), from €1.3m to €2.2m
- Staff costs +€534,064
up €534,064 (+137%), from €390,121 to €924,185
- Depreciation +€338,333
up €338,333 (+98.8%), from €342,595 to €680,928
- Financial charges +€222,756
up €222,756 (+106%), from €210,845 to €433,601
- Financial income +€116,573
up €116,573 (+1,336%), from €8,723 to €125,296
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,220,047 | €5,149,793 | +€929,746 | +22.0% |
| Fixed assets | 21/28 | €1,390,969 | €2,129,469 | +€738,500 | +53.1% |
| Intangible fixed assets | 21 | €1,327,571 | €1,941,143 | +€613,572 | +46.2% |
| Tangible fixed assets | 22/27 | €63,398 | €188,326 | +€124,928 | +197% |
| Land and buildings | 22 | €35,379 | €25,838 | -€9,541 | -27.0% |
| Plant, machinery and equipment | 23 | €11,888 | €14,426 | +€2,538 | +21.4% |
| Furniture and vehicles | 24 | €11,020 | €143,065 | +€132,045 | +1,198% |
| Other tangible fixed assets | 26 | €5,112 | €4,997 | -€114 | -2.2% |
| Current assets | 29/58 | €2,829,078 | €3,020,324 | +€191,246 | +6.8% |
| Stocks and contracts in progress | 3 | €546,942 | €449,218 | -€97,724 | -17.9% |
| Stocks | 30/36 | €546,942 | €449,218 | -€97,724 | -17.9% |
| Amounts receivable within one year | 40/41 | €2,153,649 | €1,654,827 | -€498,821 | -23.2% |
| Trade receivables | 40 | €1,977,490 | €1,354,827 | -€622,662 | -31.5% |
| Other amounts receivable | 41 | €176,159 | €300,000 | +€123,841 | +70.3% |
| Cash at bank and in hand | 54/58 | €123,159 | €901,599 | +€778,440 | +632% |
| Deferred charges and accrued income | 490/1 | €5,329 | €14,680 | +€9,351 | +175% |
| Total equity and liabilities | 10/49 | €4,220,047 | €5,149,793 | +€929,746 | +22.0% |
| Equity | 10/15 | €1,940,666 | €2,136,033 | +€195,367 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €501,860 | €501,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,420,206 | €1,615,573 | +€195,367 | +13.8% |
| Amounts payable | 17/49 | €2,279,381 | €3,013,761 | +€734,380 | +32.2% |
| Amounts payable within one year | 42/48 | €2,234,524 | €2,994,660 | +€760,136 | +34.0% |
| Financial debts | 43 | €650,000 | €750,000 | +€100,000 | +15.4% |
| Credit institutions | 430/8 | €650,000 | €750,000 | +€100,000 | +15.4% |
| Trade debts | 44 | €1,207,018 | €1,956,679 | +€749,661 | +62.1% |
| Suppliers | 440/4 | €1,207,018 | €1,956,679 | +€749,661 | +62.1% |
| Taxes, remuneration and social security | 45 | €377,506 | €287,981 | -€89,525 | -23.7% |
| Taxes | 450/3 | €342,750 | €200,746 | -€142,003 | -41.4% |
| Remuneration and social security | 454/9 | €34,756 | €87,235 | +€52,478 | +151% |
| Accrued charges and deferred income | 492/3 | €44,858 | €19,101 | -€25,756 | -57.4% |
| Non-recurring operating income | 76A | €0 | €105,938 | +€105,938 | |
| Remuneration, social security and pensions | 62 | €390,121 | €924,185 | +€534,064 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342,595 | €680,928 | +€338,333 | +98.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€25 | -€168 | -€143 | -575% |
| Other operating charges | 640/8 | €11,271 | €33,404 | +€22,133 | +196% |
| Non-recurring operating charges | 66A | €6,342 | €1,350 | -€4,992 | -78.7% |
| Gross operating margin | 9900 | €1,291,689 | €2,232,372 | +€940,683 | +72.8% |
| Operating profit (loss) | 9901 | €541,385 | €592,673 | +€51,288 | +9.5% |
| Financial income | 75/76B | €8,723 | €125,296 | +€116,573 | +1,336% |
| Recurring financial income | 75 | €8,723 | €125,296 | +€116,573 | +1,336% |
| Financial charges | 65/66B | €210,845 | €433,601 | +€222,756 | +106% |
| Recurring financial charges | 65 | €210,845 | €433,601 | +€222,756 | +106% |
| Profit (loss) for the period before taxes | 9903 | €339,263 | €284,368 | -€54,895 | -16.2% |
| Income taxes | 67/77 | €99,192 | €89,001 | -€10,190 | -10.3% |
| Profit (loss) for the period | 9904 | €240,071 | €195,367 | -€44,705 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €240,071 | €195,367 | -€44,705 | -18.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.