MY-TECH: what changed
MY-TECH
Largest movements
- Tangible fixed assets +€71,748
up €71,748 (+65.2%), from €110,074 to €181,822
of which Plant, machinery and equipment: +€81,570
- Stocks and contracts +€66,250
new in 2024: €66,250
of which Contracts in progress: +€62,500
- Receivables within one year +€28,219
up €28,219 (+16.8%), from €167,763 to €195,981
of which Trade receivables: +€28,254
- Cash -€13,926
down €13,926 (-94.9%), from €14,675 to €749
mainly Investment in fixed assets (net) (-€117,702) and Stocks and contracts (-€66,250)
- Deferred charges and accrued income -€9,413
down €9,413 (-33.4%), from €28,188 to €18,775
- Debts after one year +€41,209
up €41,209 (+168%), from €24,548 to €65,756
- Tax, wage and social debts +€39,368
up €39,368 (+140%), from €28,066 to €67,435
of which Remuneration and social security: +€38,088
- Other debts +€27,977
new in 2024: €27,977
- Current portion of long-term debt +€25,036
up €25,036 (+73.0%), from €34,292 to €59,328
- Short-term financial debts +€5,280
new in 2024: €5,280
- Staff costs +€47,370
up €47,370 (+15.5%), from €306,010 to €353,380
- Gross operating margin +€42,810
up €42,810 (+11.3%), from €377,625 to €420,435
- Depreciation +€11,051
up €11,051 (+31.7%), from €34,903 to €45,954
- Other operating charges -€6,940
down €6,940 (-73.2%), from €9,480 to €2,540
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,699 | €463,577 | +€142,878 | +44.6% |
| Fixed assets | 21/28 | €110,074 | €181,822 | +€71,748 | +65.2% |
| Tangible fixed assets | 22/27 | €110,074 | €181,822 | +€71,748 | +65.2% |
| Plant, machinery and equipment | 23 | €34,117 | €115,687 | +€81,570 | +239% |
| Furniture and vehicles | 24 | €62,900 | €66,136 | +€3,235 | +5.1% |
| Leasing and similar rights | 25 | €13,056 | - | -€13,056 | |
| Current assets | 29/58 | €210,625 | €281,754 | +€71,129 | +33.8% |
| Stocks and contracts in progress | 3 | - | €66,250 | +€66,250 | |
| Stocks | 30/36 | - | €3,750 | +€3,750 | |
| Contracts in progress | 37 | - | €62,500 | +€62,500 | |
| Amounts receivable within one year | 40/41 | €167,763 | €195,981 | +€28,219 | +16.8% |
| Trade receivables | 40 | €132,796 | €161,050 | +€28,254 | +21.3% |
| Other amounts receivable | 41 | €34,967 | €34,931 | -€35 | -0.1% |
| Cash at bank and in hand | 54/58 | €14,675 | €749 | -€13,926 | -94.9% |
| Deferred charges and accrued income | 490/1 | €28,188 | €18,775 | -€9,413 | -33.4% |
| Total equity and liabilities | 10/49 | €320,699 | €463,577 | +€142,878 | +44.6% |
| Equity | 10/15 | €119,155 | €123,710 | +€4,555 | +3.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,410 | €4,410 | = | 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 | €2,550 | €2,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,345 | €106,900 | +€4,555 | +4.5% |
| Amounts payable | 17/49 | €201,544 | €339,866 | +€138,322 | +68.6% |
| Amounts payable after more than one year | 17 | €24,548 | €65,756 | +€41,209 | +168% |
| Financial debts | 170/4 | €24,548 | €65,756 | +€41,209 | +168% |
| Amounts payable within one year | 42/48 | €176,996 | €274,110 | +€97,114 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €34,292 | €59,328 | +€25,036 | +73.0% |
| Financial debts | 43 | - | €5,280 | +€5,280 | |
| Credit institutions | 430/8 | - | €5,280 | +€5,280 | |
| Trade debts | 44 | €72,250 | €71,702 | -€547 | -0.8% |
| Suppliers | 440/4 | €72,250 | €71,702 | -€547 | -0.8% |
| Advances received on contracts in progress | 46 | €42,387 | €42,387 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €28,066 | €67,435 | +€39,368 | +140% |
| Taxes | 450/3 | €21,854 | €23,134 | +€1,280 | +5.9% |
| Remuneration and social security | 454/9 | €6,213 | €44,301 | +€38,088 | +613% |
| Other amounts payable | 47/48 | - | €27,977 | +€27,977 | |
| Non-recurring operating income | 76A | - | €10,422 | +€10,422 | |
| Remuneration, social security and pensions | 62 | €306,010 | €353,380 | +€47,370 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,903 | €45,954 | +€11,051 | +31.7% |
| Other operating charges | 640/8 | €9,480 | €2,540 | -€6,940 | -73.2% |
| Non-recurring operating charges | 66A | - | €1,735 | +€1,735 | |
| Gross operating margin | 9900 | €377,625 | €420,435 | +€42,810 | +11.3% |
| Operating profit (loss) | 9901 | €27,232 | €16,827 | -€10,406 | -38.2% |
| Financial income | 75/76B | €352 | €11 | -€341 | -96.9% |
| Recurring financial income | 75 | €352 | €11 | -€341 | -96.9% |
| Financial charges | 65/66B | €4,329 | €8,406 | +€4,077 | +94.2% |
| Recurring financial charges | 65 | €4,329 | €8,406 | +€4,077 | +94.2% |
| Profit (loss) for the period before taxes | 9903 | €23,255 | €8,431 | -€14,823 | -63.7% |
| Income taxes | 67/77 | €6,616 | €3,876 | -€2,740 | -41.4% |
| Profit (loss) for the period | 9904 | €16,639 | €4,555 | -€12,084 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,639 | €4,555 | -€12,084 | -72.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.