N-TECH: 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.
N-TECH
Largest movements
- Receivables within one year +€78,433
up €78,433 (+63.0%), from €124,591 to €203,024
of which Trade receivables: +€87,021
- Stocks and contracts -€40,126
down €40,126 (-66.0%), from €60,811 to €20,685
- Cash -€21,555
down €21,555 (-52.6%), from €40,945 to €19,391
mainly Receivables within one year (-€78,433) and Trade debts (-€34,120)
- Tangible fixed assets +€5,360
up €5,360 (+936.9%), from €572 to €5,932
- Deferred charges and accrued income -€3,070
down €3,070 (-33.8%), from €9,070 to €6,000
- Short-term financial debts +€50,000
new in 2024: €50,000
- Trade debts -€34,120
down €34,120 (-27.4%), from €124,610 to €90,490
- Tax, wage and social debts -€20,668
down €20,668 (-48.0%), from €43,070 to €22,402
of which Taxes: -€19,211
- Profit (loss) carried forward +€20,443
up €20,443 (+23.0%), from €88,788 to €109,231
- Staff costs -€24,366
down €24,366 (-26.4%), from €92,267 to €67,901
- Gross operating margin +€8,480
up €8,480 (+8.5%), from €99,349 to €107,828
- Other operating charges +€4,768
up €4,768 (+649.2%), from €734 to €5,502
- Taxes +€3,641
up €3,641 (+134.6%), from €2,704 to €6,345
- Financial charges +€2,752
up €2,752 (+229.6%), from €1,198 to €3,950
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,469 | €277,511 | +€16,042 | +6.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €26,051 | €28,411 | +€2,360 | +9.1% |
| Intangible fixed assets | 21 | €25,479 | €22,479 | -€3,000 | -11.8% |
| Tangible fixed assets | 22/27 | €572 | €5,932 | +€5,360 | +936.9% |
| Furniture and vehicles | 24 | €572 | €5,932 | +€5,360 | +936.9% |
| Current assets | 29/58 | €235,417 | €249,100 | +€13,682 | +5.8% |
| Stocks and contracts in progress | 3 | €60,811 | €20,685 | -€40,126 | -66.0% |
| Stocks | 30/36 | €60,811 | €20,685 | -€40,126 | -66.0% |
| Amounts receivable within one year | 40/41 | €124,591 | €203,024 | +€78,433 | +63.0% |
| Trade receivables | 40 | €94,975 | €181,996 | +€87,021 | +91.6% |
| Other amounts receivable | 41 | €29,616 | €21,028 | -€8,588 | -29.0% |
| Cash at bank and in hand | 54/58 | €40,945 | €19,391 | -€21,555 | -52.6% |
| Deferred charges and accrued income | 490/1 | €9,070 | €6,000 | -€3,070 | -33.8% |
| Total equity and liabilities | 10/49 | €261,469 | €277,511 | +€16,042 | +6.1% |
| Equity | 10/15 | €93,788 | €114,231 | +€20,443 | +21.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,788 | €109,231 | +€20,443 | +23.0% |
| Amounts payable | 17/49 | €167,681 | €163,280 | -€4,401 | -2.6% |
| Amounts payable within one year | 42/48 | €167,681 | €162,892 | -€4,789 | -2.9% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €124,610 | €90,490 | -€34,120 | -27.4% |
| Suppliers | 440/4 | €124,610 | €90,490 | -€34,120 | -27.4% |
| Taxes, remuneration and social security | 45 | €43,070 | €22,402 | -€20,668 | -48.0% |
| Taxes | 450/3 | €28,667 | €9,457 | -€19,211 | -67.0% |
| Remuneration and social security | 454/9 | €14,403 | €12,945 | -€1,458 | -10.1% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Remuneration, social security and pensions | 62 | €92,267 | €67,901 | -€24,366 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,347 | €4,712 | +€1,365 | +40.8% |
| Other operating charges | 640/8 | €734 | €5,502 | +€4,768 | +649.2% |
| Gross operating margin | 9900 | €99,349 | €107,828 | +€8,480 | +8.5% |
| Operating profit (loss) | 9901 | €3,001 | €29,713 | +€26,712 | +890.1% |
| Financial income | 75/76B | €929 | €1,026 | +€97 | +10.5% |
| Recurring financial income | 75 | €929 | €1,026 | +€97 | +10.5% |
| Financial charges | 65/66B | €1,198 | €3,950 | +€2,752 | +229.6% |
| Recurring financial charges | 65 | €1,198 | €3,950 | +€2,752 | +229.6% |
| Profit (loss) for the period before taxes | 9903 | €2,731 | €26,788 | +€24,057 | +880.9% |
| Income taxes | 67/77 | €2,704 | €6,345 | +€3,641 | +134.6% |
| Profit (loss) for the period | 9904 | €27 | €20,443 | +€20,416 | +75728.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27 | €20,443 | +€20,416 | +75728.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.