TECH ADVISOR: 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.
TECH ADVISOR
Largest movements
- Cash -€379,313
down €379,313 (-83.5%), from €454,244 to €74,931
mainly Other debts (-€389,992) and Contributions, distributions and other (-€86,789)
- Tangible fixed assets -€7,833
down €7,833 (-23.8%), from €32,858 to €25,025
- Receivables within one year -€6,604
down €6,604 (-19.4%), from €33,981 to €27,378
of which Other amounts receivable: -€5,044
- Other debts -€389,992
down €389,992 (-81.4%), from €478,881 to €88,889
- Profit (loss) carried forward -€7,160
down €7,160 (-23.6%), from €30,358 to €23,199
- Gross operating margin -€62,406
down €62,406 (-34.8%), from €179,515 to €117,109
- Taxes -€16,850
down €16,850 (-41.6%), from €40,514 to €23,664
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 | €521,084 | €128,007 | -€393,077 | -75.4% |
| Fixed assets | 21/28 | €32,858 | €25,025 | -€7,833 | -23.8% |
| Tangible fixed assets | 22/27 | €32,858 | €25,025 | -€7,833 | -23.8% |
| Furniture and vehicles | 24 | €32,858 | €25,025 | -€7,833 | -23.8% |
| Current assets | 29/58 | €488,226 | €102,982 | -€385,244 | -78.9% |
| Amounts receivable within one year | 40/41 | €33,981 | €27,378 | -€6,604 | -19.4% |
| Trade receivables | 40 | €19,451 | €17,892 | -€1,560 | -8.0% |
| Other amounts receivable | 41 | €14,530 | €9,486 | -€5,044 | -34.7% |
| Cash at bank and in hand | 54/58 | €454,244 | €74,931 | -€379,313 | -83.5% |
| Deferred charges and accrued income | 490/1 | - | €673 | +€673 | |
| Total equity and liabilities | 10/49 | €521,084 | €128,007 | -€393,077 | -75.4% |
| Equity | 10/15 | €32,858 | €25,699 | -€7,160 | -21.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,358 | €23,199 | -€7,160 | -23.6% |
| Amounts payable | 17/49 | €488,226 | €102,309 | -€385,917 | -79.0% |
| Amounts payable within one year | 42/48 | €488,226 | €102,309 | -€385,917 | -79.0% |
| Trade debts | 44 | €394 | €221 | -€173 | -44.0% |
| Suppliers | 440/4 | €394 | €221 | -€173 | -44.0% |
| Taxes, remuneration and social security | 45 | €8,950 | €13,199 | +€4,249 | +47.5% |
| Taxes | 450/3 | €8,950 | €13,199 | +€4,249 | +47.5% |
| Other amounts payable | 47/48 | €478,881 | €88,889 | -€389,992 | -81.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,020 | €13,718 | -€301 | -2.1% |
| Gross operating margin | 9900 | €179,515 | €117,109 | -€62,406 | -34.8% |
| Operating profit (loss) | 9901 | €165,496 | €103,391 | -€62,105 | -37.5% |
| Financial charges | 65/66B | €148 | €98 | -€50 | -34.0% |
| Recurring financial charges | 65 | €148 | €98 | -€50 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €165,348 | €103,293 | -€62,054 | -37.5% |
| Income taxes | 67/77 | €40,514 | €23,664 | -€16,850 | -41.6% |
| Profit (loss) for the period | 9904 | €124,834 | €79,629 | -€45,205 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €124,834 | €79,629 | -€45,205 | -36.2% |
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 6 October 2026 via checked.be.