HIGH TECHNOLOGY SYSTEMS Assembly: what changed
What changed
HIGH TECHNOLOGY SYSTEMS Assembly
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€50,616
2024 · -€117,493+€168,109
Equity
€92,433
2024 · €17,337+€75,096
Cash
€262,581
2024 · €197,768+€64,813
Balance sheet total
€2.5m
2024 · €2.7m-€211,115
Largest movements
Assets
- Tangible fixed assets -€169,971
down €169,971 (-43.8%), from €388,419 to €218,448
of which Leasing and similar rights: -€89,499
- Stocks and contracts -€157,253
down €157,253 (-11.7%), from €1.3m to €1.2m
- Cash +€64,813
up €64,813 (+32.8%), from €197,768 to €262,581
mainly Depreciation (+€192,144) and Stocks and contracts (+€157,253)
- Receivables within one year +€31,974
up €31,974 (+5.2%), from €619,195 to €651,169
of which Trade receivables: +€17,008
Equity and liabilities
- Debts after one year -€237,231
down €237,231 (-11.6%), from €2.0m to €1.8m
- Current portion of long-term debt -€97,501
down €97,501 (-31.9%), from €305,327 to €207,826
- Profit (loss) carried forward +€50,616
up €50,616, from -€4,663 to €45,953
- Advances received +€31,005
up €31,005 (+22.6%), from €136,957 to €167,962
Income statement
- Purchases and services +€109,001
up €109,001 (+6.6%), from €1.7m to €1.8m
- Staff costs -€100,814
down €100,814 (-9.1%), from €1.1m to €1.0m
- Turnover +€63,957
up €63,957 (+2.2%), from €3.0m to €3.0m
- Depreciation -€48,444
down €48,444 (-20.1%), from €240,588 to €192,144
- Taxes -€33,390
down €33,390, from €19,770 to -€13,620
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€117,493
Gross operating margin
+€1,991
Staff costs
+€100,814
Depreciation
+€48,444
Write-downs
-€30,858
Other operating charges
-€886
Financial income
+€10
Financial charges
+€15,206
Taxes
+€33,390
Result 2025
€50,616
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€397,240
Investment
-€22,173
Financing
-€310,253
Cash 2024
€197,768
From operations (derived)
+€397,240
Net result for the year
+€50,616
Depreciation
+€192,144
Receivables after one year
-€16,694
Stocks and contracts
+€157,253
Receivables within one year
-€31,974
Deferred charges and accrued income
-€2,626
Trade debts
+€18,052
Tax, wage and social debts
-€1,712
Advances received
+€31,005
Accrued charges and deferred income
+€1,176
Investment (derived)
-€22,173
Investment in fixed assets (net)
-€22,173
Financing
-€310,253
Debts after one year
-€237,231
Current portion of long-term debt
-€97,501
Contributions, distributions and other
+€24,480
Cash 2025
€262,581
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,720,213 | €2,509,098 | -€211,115 | -7.8% |
| Fixed assets | 21/28 | €388,419 | €218,448 | -€169,971 | -43.8% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €388,419 | €218,448 | -€169,971 | -43.8% |
| Plant, machinery and equipment | 23 | €169,043 | €108,953 | -€60,090 | -35.5% |
| Furniture and vehicles | 24 | €56,668 | €36,286 | -€20,382 | -36.0% |
| Leasing and similar rights | 25 | €162,708 | €73,209 | -€89,499 | -55.0% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €2,331,794 | €2,290,650 | -€41,144 | -1.8% |
| Amounts receivable after more than one year | 29 | €161,629 | €178,323 | +€16,694 | +10.3% |
| Other amounts receivable | 291 | €161,629 | €178,323 | +€16,694 | +10.3% |
| Stocks and contracts in progress | 3 | €1,347,832 | €1,190,579 | -€157,253 | -11.7% |
| Stocks | 30/36 | €1,347,832 | €1,190,579 | -€157,253 | -11.7% |
| Amounts receivable within one year | 40/41 | €619,195 | €651,169 | +€31,974 | +5.2% |
| Trade receivables | 40 | €605,184 | €622,192 | +€17,008 | +2.8% |
| Other amounts receivable | 41 | €14,011 | €28,977 | +€14,966 | +107% |
| Cash at bank and in hand | 54/58 | €197,768 | €262,581 | +€64,813 | +32.8% |
| Deferred charges and accrued income | 490/1 | €5,370 | €7,996 | +€2,626 | +48.9% |
| Total equity and liabilities | 10/49 | €2,720,213 | €2,509,098 | -€211,115 | -7.8% |
| Equity | 10/15 | €17,337 | €92,433 | +€75,096 | +433% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,663 | €45,953 | +€50,616 | |
| Investment grants | 15 | - | €24,480 | +€24,480 | |
| Amounts payable | 17/49 | €2,702,876 | €2,416,665 | -€286,211 | -10.6% |
| Amounts payable after more than one year | 17 | €2,048,010 | €1,810,779 | -€237,231 | -11.6% |
| Financial debts | 170/4 | €2,048,010 | €1,810,779 | -€237,231 | -11.6% |
| Amounts payable within one year | 42/48 | €651,214 | €601,058 | -€50,156 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €305,327 | €207,826 | -€97,501 | -31.9% |
| Trade debts | 44 | €49,214 | €67,266 | +€18,052 | +36.7% |
| Suppliers | 440/4 | €49,214 | €67,266 | +€18,052 | +36.7% |
| Advances received on contracts in progress | 46 | €136,957 | €167,962 | +€31,005 | +22.6% |
| Taxes, remuneration and social security | 45 | €159,716 | €158,004 | -€1,712 | -1.1% |
| Taxes | 450/3 | €39,107 | €25,815 | -€13,292 | -34.0% |
| Remuneration and social security | 454/9 | €120,609 | €132,188 | +€11,579 | +9.6% |
| Accrued charges and deferred income | 492/3 | €3,652 | €4,828 | +€1,176 | +32.2% |
| Turnover | 70 | €2,951,084 | €3,015,041 | +€63,957 | +2.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,662,688 | €1,771,689 | +€109,001 | +6.6% |
| Remuneration, social security and pensions | 62 | €1,103,729 | €1,002,915 | -€100,814 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,588 | €192,144 | -€48,444 | -20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,111 | €28,747 | +€30,858 | |
| Other operating charges | 640/8 | €9,814 | €10,700 | +€886 | +9.0% |
| Gross operating margin | 9900 | €1,288,396 | €1,290,387 | +€1,991 | +0.2% |
| Operating profit (loss) | 9901 | -€63,624 | €55,880 | +€119,504 | |
| Financial income | 75/76B | €786 | €796 | +€10 | +1.3% |
| Recurring financial income | 75 | €786 | €796 | +€10 | +1.3% |
| Financial charges | 65/66B | €34,885 | €19,679 | -€15,206 | -43.6% |
| Recurring financial charges | 65 | €34,885 | €19,679 | -€15,206 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | -€97,723 | €36,997 | +€134,720 | |
| Income taxes | 67/77 | €19,770 | -€13,620 | -€33,390 | |
| Profit (loss) for the period | 9904 | -€117,493 | €50,616 | +€168,109 | |
| Profit (loss) for the period to be appropriated | 9905 | -€117,493 | €50,616 | +€168,109 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.