TECH-AD: 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.
TECH-AD
Largest movements
- Cash +€13,566
up €13,566 (+617.3%), from €2,198 to €15,764
mainly Other debts (+€15,481) and Net result for the year (+€10,557)
- Tangible fixed assets -€7,302
down €7,302 (-2.6%), from €280,332 to €273,029
of which Land and buildings: -€7,739
- Receivables within one year +€6,230
up €6,230 (+36.3%), from €17,162 to €23,392
of which Trade receivables: +€7,660
- Deferred charges and accrued income -€3,182
down €3,182 (-92.3%), from €3,448 to €265
- Other debts +€15,481
up €15,481 (+21.5%), from €71,971 to €87,452
- Debts after one year -€11,566
down €11,566 (-7.6%), from €151,612 to €140,046
- Reserves +€6,691
up €6,691 (+32.0%), from €20,936 to €27,627
of which Distributable reserves: +€6,691
- Gross operating margin +€7,712
up €7,712 (+31.6%), from €24,421 to €32,133
- Other operating charges +€2,884
up €2,884 (+4571.1%), from €63 to €2,947
- Taxes +€1,616
up €1,616 (+51.5%), from €3,139 to €4,754
- Financial charges -€1,158
down €1,158 (-21.4%), from €5,411 to €4,254
- Depreciation +€885
up €885 (+10.1%), from €8,735 to €9,620
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 | €303,739 | €313,050 | +€9,311 | +3.1% |
| Fixed assets | 21/28 | €280,932 | €273,629 | -€7,302 | -2.6% |
| Tangible fixed assets | 22/27 | €280,332 | €273,029 | -€7,302 | -2.6% |
| Land and buildings | 22 | €276,825 | €269,087 | -€7,739 | -2.8% |
| Plant, machinery and equipment | 23 | €2,676 | €1,584 | -€1,092 | -40.8% |
| Furniture and vehicles | 24 | €831 | €2,358 | +€1,528 | +183.9% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €22,807 | €39,421 | +€16,614 | +72.8% |
| Amounts receivable within one year | 40/41 | €17,162 | €23,392 | +€6,230 | +36.3% |
| Trade receivables | 40 | €15,301 | €22,961 | +€7,660 | +50.1% |
| Other amounts receivable | 41 | €1,861 | €431 | -€1,430 | -76.8% |
| Cash at bank and in hand | 54/58 | €2,198 | €15,764 | +€13,566 | +617.3% |
| Deferred charges and accrued income | 490/1 | €3,448 | €265 | -€3,182 | -92.3% |
| Total equity and liabilities | 10/49 | €303,739 | €313,050 | +€9,311 | +3.1% |
| Equity | 10/15 | €39,536 | €46,227 | +€6,691 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,936 | €27,627 | +€6,691 | +32.0% |
| 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 | €19,076 | €25,767 | +€6,691 | +35.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €264,203 | €266,823 | +€2,620 | +1.0% |
| Amounts payable after more than one year | 17 | €151,612 | €140,046 | -€11,566 | -7.6% |
| Financial debts | 170/4 | €151,612 | €140,046 | -€11,566 | -7.6% |
| Amounts payable within one year | 42/48 | €112,591 | €126,777 | +€14,186 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €13,436 | €12,609 | -€827 | -6.2% |
| Trade debts | 44 | €18,889 | €17,851 | -€1,038 | -5.5% |
| Suppliers | 440/4 | €18,889 | €17,851 | -€1,038 | -5.5% |
| Taxes, remuneration and social security | 45 | €8,295 | €8,865 | +€570 | +6.9% |
| Taxes | 450/3 | €5,866 | €6,424 | +€558 | +9.5% |
| Remuneration and social security | 454/9 | €2,429 | €2,442 | +€13 | +0.5% |
| Other amounts payable | 47/48 | €71,971 | €87,452 | +€15,481 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,735 | €9,620 | +€885 | +10.1% |
| Other operating charges | 640/8 | €63 | €2,947 | +€2,884 | +4571.1% |
| Gross operating margin | 9900 | €24,421 | €32,133 | +€7,712 | +31.6% |
| Operating profit (loss) | 9901 | €15,623 | €19,565 | +€3,942 | +25.2% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €5,411 | €4,254 | -€1,158 | -21.4% |
| Recurring financial charges | 65 | €5,411 | €4,254 | -€1,158 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €10,216 | €15,312 | +€5,096 | +49.9% |
| Income taxes | 67/77 | €3,139 | €4,754 | +€1,616 | +51.5% |
| Profit (loss) for the period | 9904 | €7,077 | €10,557 | +€3,480 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,077 | €10,557 | +€3,480 | +49.2% |
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.