N+ TECHNICS: 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+ TECHNICS
Largest movements
- Cash -€43,761
down €43,761 (-40.4%), from €108,328 to €64,566
mainly Contributions, distributions and other (-€100,000) and Deferred charges and accrued income (-€18,623)
- Deferred charges and accrued income +€18,623
up €18,623 (+115.0%), from €16,190 to €34,813
- Tangible fixed assets -€8,446
down €8,446 (-62.3%), from €13,549 to €5,102
of which Furniture and vehicles: -€7,956
- Receivables within one year +€5,522
up €5,522 (+11.7%), from €47,140 to €52,663
of which Trade receivables: +€7,231
- Profit (loss) carried forward -€18,558
down €18,558 (-16.2%), from €114,405 to €95,847
- Trade debts -€8,475
down €8,475 (-88.9%), from €9,536 to €1,060
- Tax, wage and social debts -€1,939
down €1,939 (-22.1%), from €8,767 to €6,828
of which Taxes: -€2,391
- Gross operating margin +€13,714
up €13,714 (+9.1%), from €150,841 to €164,554
- Staff costs +€6,509
up €6,509 (+14.2%), from €45,689 to €52,199
- Taxes +€2,098
up €2,098 (+9.9%), from €21,172 to €23,270
- Depreciation -€1,893
down €1,893 (-45.4%), from €4,166 to €2,273
- Financial charges +€1,820
up €1,820 (+72.6%), from €2,506 to €4,327
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 | €185,207 | €157,144 | -€28,063 | -15.2% |
| Fixed assets | 21/28 | €13,549 | €5,102 | -€8,446 | -62.3% |
| Tangible fixed assets | 22/27 | €13,549 | €5,102 | -€8,446 | -62.3% |
| Plant, machinery and equipment | 23 | €987 | €497 | -€491 | -49.7% |
| Furniture and vehicles | 24 | €12,561 | €4,606 | -€7,956 | -63.3% |
| Current assets | 29/58 | €171,658 | €152,042 | -€19,617 | -11.4% |
| Amounts receivable within one year | 40/41 | €47,140 | €52,663 | +€5,522 | +11.7% |
| Trade receivables | 40 | €36,380 | €43,611 | +€7,231 | +19.9% |
| Other amounts receivable | 41 | €10,760 | €9,051 | -€1,709 | -15.9% |
| Cash at bank and in hand | 54/58 | €108,328 | €64,566 | -€43,761 | -40.4% |
| Deferred charges and accrued income | 490/1 | €16,190 | €34,813 | +€18,623 | +115.0% |
| Total equity and liabilities | 10/49 | €185,207 | €157,144 | -€28,063 | -15.2% |
| Equity | 10/15 | €166,905 | €148,347 | -€18,558 | -11.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,405 | €95,847 | -€18,558 | -16.2% |
| Amounts payable | 17/49 | €18,302 | €8,797 | -€9,505 | -51.9% |
| Amounts payable within one year | 42/48 | €18,302 | €7,889 | -€10,414 | -56.9% |
| Trade debts | 44 | €9,536 | €1,060 | -€8,475 | -88.9% |
| Suppliers | 440/4 | €9,536 | €1,060 | -€8,475 | -88.9% |
| Taxes, remuneration and social security | 45 | €8,767 | €6,828 | -€1,939 | -22.1% |
| Taxes | 450/3 | €6,172 | €3,781 | -€2,391 | -38.7% |
| Remuneration and social security | 454/9 | €2,595 | €3,047 | +€452 | +17.4% |
| Accrued charges and deferred income | 492/3 | - | €909 | +€909 | |
| Non-recurring operating income | 76A | - | €869 | +€869 | |
| Remuneration, social security and pensions | 62 | €45,689 | €52,199 | +€6,509 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,166 | €2,273 | -€1,893 | -45.4% |
| Other operating charges | 640/8 | €1,061 | €1,521 | +€461 | +43.4% |
| Gross operating margin | 9900 | €150,841 | €164,554 | +€13,714 | +9.1% |
| Operating profit (loss) | 9901 | €99,924 | €108,561 | +€8,637 | +8.6% |
| Financial income | 75/76B | €462 | €477 | +€16 | +3.4% |
| Recurring financial income | 75 | €462 | €477 | +€16 | +3.4% |
| Financial charges | 65/66B | €2,506 | €4,327 | +€1,820 | +72.6% |
| Recurring financial charges | 65 | €2,506 | €4,327 | +€1,820 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | €97,880 | €104,712 | +€6,832 | +7.0% |
| Income taxes | 67/77 | €21,172 | €23,270 | +€2,098 | +9.9% |
| Profit (loss) for the period | 9904 | €76,708 | €81,442 | +€4,734 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,708 | €81,442 | +€4,734 | +6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.