TECH-D: 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-D
Largest movements
- Deferred charges and accrued income -€17,259
down €17,259 (-84.0%), from €20,534 to €3,275
- Tangible fixed assets -€16,210
down €16,210 (-5.9%), from €275,106 to €258,896
of which Leasing and similar rights: -€42,284
- Cash +€10,795
up €10,795 (+110%), from €9,783 to €20,578
mainly Depreciation (+€35,973) and Deferred charges and accrued income (+€17,259)
- Intangible fixed assets -€5,000
down €5,000 (-17.1%), from €29,167 to €24,167
- Other debts -€26,002
down €26,002 (-14.8%), from €176,263 to €150,261
- Debts after one year -€14,559
down €14,559 (-59.8%), from €24,360 to €9,801
- Reserves +€13,600
up €13,600 (+19.7%), from €69,149 to €82,749
- Tax, wage and social debts +€3,932
up €3,932 (+330%), from €1,191 to €5,123
- Gross operating margin +€33,425
up €33,425 (+107%), from €31,207 to €64,632
- Taxes +€4,495
up €4,495 (+2,871%), from €157 to €4,652
- Other operating charges +€4,112
up €4,112 (+155%), from €2,649 to €6,761
- Financial charges +€2,390
up €2,390 (+221%), from €1,082 to €3,472
- Depreciation +€1,122
up €1,122 (+3.2%), from €34,851 to €35,973
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 | €375,289 | €345,335 | -€29,953 | -8.0% |
| Fixed assets | 21/28 | €304,273 | €283,062 | -€21,210 | -7.0% |
| Intangible fixed assets | 21 | €29,167 | €24,167 | -€5,000 | -17.1% |
| Tangible fixed assets | 22/27 | €275,106 | €258,896 | -€16,210 | -5.9% |
| Land and buildings | 22 | €227,654 | €229,148 | +€1,494 | +0.7% |
| Plant, machinery and equipment | 23 | €1,927 | €2,912 | +€985 | +51.1% |
| Furniture and vehicles | 24 | €3,242 | €26,836 | +€23,594 | +728% |
| Leasing and similar rights | 25 | €42,284 | €0 | -€42,284 | -100% |
| Current assets | 29/58 | €71,016 | €62,273 | -€8,743 | -12.3% |
| Stocks and contracts in progress | 3 | €19,921 | €20,787 | +€866 | +4.3% |
| Stocks | 30/36 | €19,921 | €20,787 | +€866 | +4.3% |
| Amounts receivable within one year | 40/41 | €20,778 | €17,632 | -€3,145 | -15.1% |
| Trade receivables | 40 | €12,932 | €17,259 | +€4,327 | +33.5% |
| Other amounts receivable | 41 | €7,846 | €374 | -€7,472 | -95.2% |
| Cash at bank and in hand | 54/58 | €9,783 | €20,578 | +€10,795 | +110% |
| Deferred charges and accrued income | 490/1 | €20,534 | €3,275 | -€17,259 | -84.0% |
| Total equity and liabilities | 10/49 | €375,289 | €345,335 | -€29,953 | -8.0% |
| Equity | 10/15 | €151,784 | €165,591 | +€13,807 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,149 | €82,749 | +€13,600 | +19.7% |
| Distributable reserves | 133 | €69,149 | €82,749 | +€13,600 | +19.7% |
| Profit (loss) carried forward | 14 | €64,035 | €64,242 | +€207 | +0.3% |
| Amounts payable | 17/49 | €223,505 | €179,745 | -€43,760 | -19.6% |
| Amounts payable after more than one year | 17 | €24,360 | €9,801 | -€14,559 | -59.8% |
| Financial debts | 170/4 | €24,360 | €9,801 | -€14,559 | -59.8% |
| Amounts payable within one year | 42/48 | €199,145 | €169,944 | -€29,201 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €18,087 | €14,559 | -€3,527 | -19.5% |
| Financial debts | 43 | €32 | €0 | -€32 | -100% |
| Credit institutions | 430/8 | €32 | €0 | -€32 | -100% |
| Trade debts | 44 | €3,572 | €0 | -€3,572 | -100% |
| Suppliers | 440/4 | €3,572 | €0 | -€3,572 | -100% |
| Taxes, remuneration and social security | 45 | €1,191 | €5,123 | +€3,932 | +330% |
| Taxes | 450/3 | €1,191 | €5,123 | +€3,932 | +330% |
| Other amounts payable | 47/48 | €176,263 | €150,261 | -€26,002 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,851 | €35,973 | +€1,122 | +3.2% |
| Other operating charges | 640/8 | €2,649 | €6,761 | +€4,112 | +155% |
| Gross operating margin | 9900 | €31,207 | €64,632 | +€33,425 | +107% |
| Operating profit (loss) | 9901 | -€6,293 | €21,899 | +€28,191 | |
| Financial income | 75/76B | €702 | €32 | -€670 | -95.4% |
| Recurring financial income | 75 | €702 | €32 | -€670 | -95.4% |
| Financial charges | 65/66B | €1,082 | €3,472 | +€2,390 | +221% |
| Recurring financial charges | 65 | €1,082 | €3,472 | +€2,390 | +221% |
| Profit (loss) for the period before taxes | 9903 | -€6,673 | €18,459 | +€25,131 | |
| Income taxes | 67/77 | €157 | €4,652 | +€4,495 | +2,871% |
| Profit (loss) for the period | 9904 | -€6,829 | €13,807 | +€20,636 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,829 | €13,807 | +€20,636 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.