Tech Compass: 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 Compass
Largest movements
- Tangible fixed assets +€13,129
up €13,129 (+35.9%), from €36,566 to €49,695
of which Plant, machinery and equipment: +€22,129
- Deferred charges and accrued income +€8,762
up €8,762 (+655.3%), from €1,337 to €10,099
- Receivables within one year -€5,329
down €5,329 (-99.7%), from €5,347 to €18
- Cash -€2,134
down €2,134 (-23.2%), from €9,213 to €7,080
mainly Investment in fixed assets (net) (-€24,813) and Deferred charges and accrued income (-€8,762)
- Formation expenses -€1,450
down €1,450 (-98.3%), from €1,475 to €25
- Other debts +€12,478
up €12,478 (+30.8%), from €40,532 to €53,011
- Tax, wage and social debts -€1,601
down €1,601 (-20.7%), from €7,746 to €6,146
- Trade debts +€1,206
up €1,206 (+977.5%), from €123 to €1,329
- Profit (loss) carried forward +€895
up €895 (+167.0%), from €536 to €1,430
- Depreciation +€1,339
up €1,339 (+11.4%), from €11,795 to €13,134
- Financial charges -€712
down €712 (-19.5%), from €3,658 to €2,946
- Taxes -€620
down €620 (-32.6%), from €1,904 to €1,284
- Financial income +€295
up €295 (+352.1%), from €84 to €378
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 | €53,938 | €66,916 | +€12,978 | +24.1% |
| Formation expenses | 20 | €1,475 | €25 | -€1,450 | -98.3% |
| Fixed assets | 21/28 | €36,566 | €49,695 | +€13,129 | +35.9% |
| Tangible fixed assets | 22/27 | €36,566 | €49,695 | +€13,129 | +35.9% |
| Plant, machinery and equipment | 23 | €1,816 | €23,945 | +€22,129 | +1218.8% |
| Furniture and vehicles | 24 | €34,750 | €25,750 | -€9,000 | -25.9% |
| Current assets | 29/58 | €15,897 | €17,197 | +€1,300 | +8.2% |
| Amounts receivable within one year | 40/41 | €5,347 | €18 | -€5,329 | -99.7% |
| Trade receivables | 40 | €5,347 | €18 | -€5,329 | -99.7% |
| Cash at bank and in hand | 54/58 | €9,213 | €7,080 | -€2,134 | -23.2% |
| Deferred charges and accrued income | 490/1 | €1,337 | €10,099 | +€8,762 | +655.3% |
| Total equity and liabilities | 10/49 | €53,938 | €66,916 | +€12,978 | +24.1% |
| Equity | 10/15 | €5,536 | €6,430 | +€895 | +16.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €536 | €1,430 | +€895 | +167.0% |
| Amounts payable | 17/49 | €48,402 | €60,486 | +€12,084 | +25.0% |
| Amounts payable within one year | 42/48 | €48,402 | €60,486 | +€12,084 | +25.0% |
| Trade debts | 44 | €123 | €1,329 | +€1,206 | +977.5% |
| Suppliers | 440/4 | €123 | €1,329 | +€1,206 | +977.5% |
| Taxes, remuneration and social security | 45 | €7,746 | €6,146 | -€1,601 | -20.7% |
| Taxes | 450/3 | €7,746 | €6,146 | -€1,601 | -20.7% |
| Other amounts payable | 47/48 | €40,532 | €53,011 | +€12,478 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,795 | €13,134 | +€1,339 | +11.4% |
| Other operating charges | 640/8 | €277 | €265 | -€12 | -4.2% |
| Gross operating margin | 9900 | €18,086 | €18,146 | +€60 | +0.3% |
| Operating profit (loss) | 9901 | €6,014 | €4,746 | -€1,268 | -21.1% |
| Financial income | 75/76B | €84 | €378 | +€295 | +352.1% |
| Recurring financial income | 75 | €84 | €378 | +€295 | +352.1% |
| Financial charges | 65/66B | €3,658 | €2,946 | -€712 | -19.5% |
| Recurring financial charges | 65 | €3,658 | €2,946 | -€712 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €2,440 | €2,179 | -€261 | -10.7% |
| Income taxes | 67/77 | €1,904 | €1,284 | -€620 | -32.6% |
| Profit (loss) for the period | 9904 | €536 | €895 | +€359 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €536 | €895 | +€359 | +67.0% |
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.