MANAGEMENT TECHNOLOGIES: 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.
MANAGEMENT TECHNOLOGIES
Largest movements
- Cash +€76,658
up €76,658 (+481.3%), from €15,926 to €92,583
mainly Current investments (+€52,667) and Net result for the year (+€27,167)
- Current investments -€52,667
no longer reported in 2025 (was €52,667)
- Receivables within one year -€20,836
down €20,836 (-61.1%), from €34,089 to €13,253
of which Trade receivables: -€13,529
- Receivables after one year -€10,000
down €10,000 (-20.0%), from €49,916 to €39,916
- Tangible fixed assets -€6,064
down €6,064 (-44.5%), from €13,620 to €7,556
of which Furniture and vehicles: -€4,407
- Profit (loss) carried forward +€21,123
up €21,123, from -€21,123 to €0
- Trade debts -€14,206
down €14,206 (-82.2%), from €17,274 to €3,068
- Other debts -€9,291
down €9,291 (-34.3%), from €27,118 to €17,826
- Reserves -€8,348
down €8,348 (-6.8%), from €122,056 to €113,708
of which Distributable reserves: -€8,348
- Tax, wage and social debts -€2,169
down €2,169 (-14.0%), from €15,487 to €13,318
of which Taxes: -€2,203
- Gross operating margin +€9,224
up €9,224 (+35.4%), from €26,033 to €35,256
- Taxes +€1,361
up €1,361 (+444.5%), from €306 to €1,667
- Depreciation -€1,161
down €1,161 (-16.1%), from €7,225 to €6,064
- Other operating charges -€354
down €354 (-33.7%), from €1,053 to €699
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 | €167,017 | €154,125 | -€12,892 | -7.7% |
| Fixed assets | 21/28 | €13,653 | €7,589 | -€6,064 | -44.4% |
| Tangible fixed assets | 22/27 | €13,620 | €7,556 | -€6,064 | -44.5% |
| Plant, machinery and equipment | 23 | €615 | €113 | -€502 | -81.6% |
| Furniture and vehicles | 24 | €8,386 | €3,979 | -€4,407 | -52.6% |
| Other tangible fixed assets | 26 | €4,619 | €3,464 | -€1,155 | -25.0% |
| Financial fixed assets | 28 | €33 | €33 | = | 0.0% |
| Current assets | 29/58 | €153,364 | €146,536 | -€6,828 | -4.5% |
| Amounts receivable after more than one year | 29 | €49,916 | €39,916 | -€10,000 | -20.0% |
| Other amounts receivable | 291 | €49,916 | €39,916 | -€10,000 | -20.0% |
| Amounts receivable within one year | 40/41 | €34,089 | €13,253 | -€20,836 | -61.1% |
| Trade receivables | 40 | €25,679 | €12,150 | -€13,529 | -52.7% |
| Other amounts receivable | 41 | €8,410 | €1,103 | -€7,307 | -86.9% |
| Current investments | 50/53 | €52,667 | - | -€52,667 | |
| Cash at bank and in hand | 54/58 | €15,926 | €92,583 | +€76,658 | +481.3% |
| Deferred charges and accrued income | 490/1 | €766 | €783 | +€17 | +2.3% |
| Total equity and liabilities | 10/49 | €167,017 | €154,125 | -€12,892 | -7.7% |
| Equity | 10/15 | €107,138 | €119,913 | +€12,775 | +11.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €122,056 | €113,708 | -€8,348 | -6.8% |
| Tax-exempt reserves | 132 | €13,701 | €13,701 | = | 0.0% |
| Distributable reserves | 133 | €108,354 | €100,006 | -€8,348 | -7.7% |
| Profit (loss) carried forward | 14 | -€21,123 | €0 | +€21,123 | |
| Amounts payable | 17/49 | €59,878 | €34,212 | -€25,666 | -42.9% |
| Amounts payable within one year | 42/48 | €59,878 | €34,212 | -€25,666 | -42.9% |
| Trade debts | 44 | €17,274 | €3,068 | -€14,206 | -82.2% |
| Suppliers | 440/4 | €17,274 | €3,068 | -€14,206 | -82.2% |
| Taxes, remuneration and social security | 45 | €15,487 | €13,318 | -€2,169 | -14.0% |
| Taxes | 450/3 | €12,169 | €9,966 | -€2,203 | -18.1% |
| Remuneration and social security | 454/9 | €3,318 | €3,352 | +€34 | +1.0% |
| Other amounts payable | 47/48 | €27,118 | €17,826 | -€9,291 | -34.3% |
| Non-recurring operating income | 76A | €3,000 | €0 | -€3,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,225 | €6,064 | -€1,161 | -16.1% |
| Other operating charges | 640/8 | €1,053 | €699 | -€354 | -33.7% |
| Gross operating margin | 9900 | €26,033 | €35,256 | +€9,224 | +35.4% |
| Operating profit (loss) | 9901 | €17,755 | €28,494 | +€10,739 | +60.5% |
| Financial income | 75/76B | €1,637 | €1,423 | -€214 | -13.1% |
| Recurring financial income | 75 | €1,637 | €1,423 | -€214 | -13.1% |
| Financial charges | 65/66B | €1,106 | €1,082 | -€24 | -2.2% |
| Recurring financial charges | 65 | €1,106 | €1,082 | -€24 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €18,285 | €28,835 | +€10,549 | +57.7% |
| Income taxes | 67/77 | €306 | €1,667 | +€1,361 | +444.5% |
| Profit (loss) for the period | 9904 | €17,979 | €27,167 | +€9,188 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,979 | €27,167 | +€9,188 | +51.1% |
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 12 October 2026 via checked.be.