Tech Bond: 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 Bond
Largest movements
- Cash +€46,997
up €46,997 (+45.0%), from €104,452 to €151,449
mainly Net result for the year (+€31,248) and Depreciation (+€13,081)
- Tangible fixed assets -€6,604
down €6,604 (-57.5%), from €11,487 to €4,884
- Intangible fixed assets +€4,212
up €4,212 (+12.0%), from €35,207 to €39,419
- Reserves +€31,247
up €31,247 (+26.4%), from €118,290 to €149,537
- Other debts +€10,910
up €10,910 (+99.0%), from €11,023 to €21,933
- Depreciation +€900
up €900 (+7.4%), from €12,180 to €13,081
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.
Derived cash bridge
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 | €193,369 | €237,019 | +€43,650 | +22.6% |
| Fixed assets | 21/28 | €74,039 | €71,647 | -€2,392 | -3.2% |
| Intangible fixed assets | 21 | €35,207 | €39,419 | +€4,212 | +12.0% |
| Tangible fixed assets | 22/27 | €11,487 | €4,884 | -€6,604 | -57.5% |
| Furniture and vehicles | 24 | €11,487 | €4,884 | -€6,604 | -57.5% |
| Financial fixed assets | 28 | €27,345 | €27,345 | = | 0.0% |
| Current assets | 29/58 | €119,330 | €165,371 | +€46,042 | +38.6% |
| Amounts receivable within one year | 40/41 | €13,561 | €12,614 | -€947 | -7.0% |
| Trade receivables | 40 | €11,798 | €10,346 | -€1,452 | -12.3% |
| Other amounts receivable | 41 | €1,763 | €2,268 | +€505 | +28.6% |
| Cash at bank and in hand | 54/58 | €104,452 | €151,449 | +€46,997 | +45.0% |
| Deferred charges and accrued income | 490/1 | €1,316 | €1,309 | -€8 | -0.6% |
| Total equity and liabilities | 10/49 | €193,369 | €237,019 | +€43,650 | +22.6% |
| Equity | 10/15 | €167,124 | €198,371 | +€31,248 | +18.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €118,290 | €149,537 | +€31,247 | +26.4% |
| Distributable reserves | 133 | €118,290 | €149,537 | +€31,247 | +26.4% |
| Profit (loss) carried forward | 14 | €47,834 | €47,834 | +€1 | 0.0% |
| Amounts payable | 17/49 | €26,245 | €38,648 | +€12,403 | +47.3% |
| Amounts payable after more than one year | 17 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,245 | €32,648 | +€12,403 | +61.3% |
| Trade debts | 44 | €1,701 | €3,582 | +€1,882 | +111% |
| Suppliers | 440/4 | €1,701 | €3,582 | +€1,882 | +111% |
| Taxes, remuneration and social security | 45 | €7,522 | €7,132 | -€389 | -5.2% |
| Taxes | 450/3 | €6,512 | €6,428 | -€83 | -1.3% |
| Remuneration and social security | 454/9 | €1,010 | €704 | -€306 | -30.3% |
| Other amounts payable | 47/48 | €11,023 | €21,933 | +€10,910 | +99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,180 | €13,081 | +€900 | +7.4% |
| Other operating charges | 640/8 | €667 | €691 | +€23 | +3.5% |
| Gross operating margin | 9900 | €57,053 | €57,231 | +€177 | +0.3% |
| Operating profit (loss) | 9901 | €44,206 | €43,460 | -€746 | -1.7% |
| Financial income | 75/76B | €680 | €934 | +€253 | +37.2% |
| Recurring financial income | 75 | €680 | €934 | +€253 | +37.2% |
| Financial charges | 65/66B | €178 | €125 | -€53 | -29.6% |
| Recurring financial charges | 65 | €178 | €125 | -€53 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €44,708 | €44,268 | -€440 | -1.0% |
| Income taxes | 67/77 | €13,252 | €13,020 | -€232 | -1.8% |
| Profit (loss) for the period | 9904 | €31,455 | €31,248 | -€208 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,455 | €31,248 | -€208 | -0.7% |
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 28 October 2026 via checked.be.