NEW TECH PROJECTS: 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.
NEW TECH PROJECTS
Largest movements
- Receivables within one year +€594,992
up €594,992 (+147.2%), from €404,137 to €999,129
of which Other amounts receivable: +€572,278
- Cash -€380,451
down €380,451 (-37.8%), from €1.0m to €626,719
mainly Receivables within one year (-€594,992) and Other debts (-€133,944)
- Stocks and contracts -€220,480
down €220,480 (-21.5%), from €1.0m to €804,520
- Tangible fixed assets +€30,532
up €30,532 (+1817.8%), from €1,680 to €32,212
of which Leasing and similar rights: +€30,892
- Other debts -€133,944
down €133,944 (-40.1%), from €333,944 to €200,000
- Profit (loss) carried forward +€63,215
up €63,215 (+13.5%), from €467,967 to €531,182
- Short-term financial debts +€57,808
up €57,808 (+16.2%), from €356,450 to €414,258
- Tax, wage and social debts +€52,037
up €52,037 (+122.9%), from €42,344 to €94,380
of which Taxes: +€41,547
- Accrued charges and deferred income -€50,812
down €50,812 (-57.4%), from €88,559 to €37,747
- Gross operating margin -€252,541
down €252,541 (-46.3%), from €544,887 to €292,346
- Financial income -€80,650
down €80,650 (-65.6%), from €122,909 to €42,260
- Taxes -€44,009
down €44,009 (-68.1%), from €64,594 to €20,585
- Staff costs +€41,662
up €41,662 (+54.9%), from €75,842 to €117,504
- Financial charges -€40,145
down €40,145 (-24.9%), from €161,322 to €121,177
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 | €2,484,768 | €2,511,223 | +€26,455 | +1.1% |
| Fixed assets | 21/28 | €36,680 | €57,212 | +€20,532 | +56.0% |
| Tangible fixed assets | 22/27 | €1,680 | €32,212 | +€30,532 | +1817.8% |
| Plant, machinery and equipment | 23 | €1,680 | €1,320 | -€360 | -21.4% |
| Leasing and similar rights | 25 | - | €30,892 | +€30,892 | |
| Financial fixed assets | 28 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Current assets | 29/58 | €2,448,088 | €2,454,011 | +€5,923 | +0.2% |
| Stocks and contracts in progress | 3 | €1,025,000 | €804,520 | -€220,480 | -21.5% |
| Contracts in progress | 37 | €1,025,000 | €804,520 | -€220,480 | -21.5% |
| Amounts receivable within one year | 40/41 | €404,137 | €999,129 | +€594,992 | +147.2% |
| Trade receivables | 40 | €30,166 | €52,880 | +€22,714 | +75.3% |
| Other amounts receivable | 41 | €373,971 | €946,249 | +€572,278 | +153.0% |
| Cash at bank and in hand | 54/58 | €1,007,170 | €626,719 | -€380,451 | -37.8% |
| Deferred charges and accrued income | 490/1 | €11,780 | €23,642 | +€11,862 | +100.7% |
| Total equity and liabilities | 10/49 | €2,484,768 | €2,511,223 | +€26,455 | +1.1% |
| Equity | 10/15 | €477,967 | €541,182 | +€63,215 | +13.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €467,967 | €531,182 | +€63,215 | +13.5% |
| Amounts payable | 17/49 | €2,006,801 | €1,970,041 | -€36,760 | -1.8% |
| Amounts payable after more than one year | 17 | €800,000 | €822,117 | +€22,117 | +2.8% |
| Financial debts | 170/4 | €800,000 | €822,117 | +€22,117 | +2.8% |
| Amounts payable within one year | 42/48 | €1,118,242 | €1,110,178 | -€8,064 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €17,235 | +€17,235 | |
| Financial debts | 43 | €356,450 | €414,258 | +€57,808 | +16.2% |
| Credit institutions | 430/8 | €356,450 | €414,258 | +€57,808 | +16.2% |
| Trade debts | 44 | €40,973 | €56,757 | +€15,785 | +38.5% |
| Suppliers | 440/4 | €40,973 | €56,757 | +€15,785 | +38.5% |
| Advances received on contracts in progress | 46 | €344,532 | €327,547 | -€16,985 | -4.9% |
| Taxes, remuneration and social security | 45 | €42,344 | €94,380 | +€52,037 | +122.9% |
| Taxes | 450/3 | €32,882 | €74,429 | +€41,547 | +126.4% |
| Remuneration and social security | 454/9 | €9,462 | €19,952 | +€10,489 | +110.9% |
| Other amounts payable | 47/48 | €333,944 | €200,000 | -€133,944 | -40.1% |
| Accrued charges and deferred income | 492/3 | €88,559 | €37,747 | -€50,812 | -57.4% |
| Remuneration, social security and pensions | 62 | €75,842 | €117,504 | +€41,662 | +54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120 | €8,083 | +€7,963 | +6613.0% |
| Other operating charges | 640/8 | €3,673 | €4,043 | +€370 | +10.1% |
| Gross operating margin | 9900 | €544,887 | €292,346 | -€252,541 | -46.3% |
| Operating profit (loss) | 9901 | €465,252 | €162,716 | -€302,535 | -65.0% |
| Financial income | 75/76B | €122,909 | €42,260 | -€80,650 | -65.6% |
| Recurring financial income | 75 | €122,909 | €42,260 | -€80,650 | -65.6% |
| Financial charges | 65/66B | €161,322 | €121,177 | -€40,145 | -24.9% |
| Recurring financial charges | 65 | €161,322 | €121,177 | -€40,145 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €426,840 | €83,799 | -€343,040 | -80.4% |
| Income taxes | 67/77 | €64,594 | €20,585 | -€44,009 | -68.1% |
| Profit (loss) for the period | 9904 | €362,246 | €63,215 | -€299,031 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €362,246 | €63,215 | -€299,031 | -82.5% |
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 11 October 2026 via checked.be.