Tech-Expertise: 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-Expertise
Largest movements
- Receivables within one year +€86,728
up €86,728 (+22.1%), from €391,552 to €478,280
of which Other amounts receivable: +€73,513
- Deferred charges and accrued income -€58,095
down €58,095 (-47.7%), from €121,699 to €63,605
- Cash -€50,022
down €50,022 (-72.3%), from €69,161 to €19,139
mainly Receivables within one year (-€86,728) and Advances received (-€52,795)
- Tangible fixed assets +€18,055
up €18,055 (+8.7%), from €207,552 to €225,607
of which Furniture and vehicles: +€24,626
- Reserves +€70,047
up €70,047 (+21.6%), from €325,003 to €395,050
- Advances received -€52,795
down €52,795 (-41.3%), from €127,693 to €74,898
- Debts after one year -€19,681
down €19,681 (-12.0%), from €164,465 to €144,785
- Trade debts +€11,320
up €11,320 (+345%), from €3,281 to €14,600
- Tax, wage and social debts -€8,372
down €8,372 (-6.5%), from €128,354 to €119,982
of which Taxes: -€6,372
- Gross operating margin -€126,385
down €126,385 (-51.4%), from €246,049 to €119,664
- Taxes -€48,394
down €48,394 (-62.3%), from €77,709 to €29,315
- Financial income -€13,210
down €13,210 (-100.0%), from €13,210 to €0
- Depreciation +€2,743
up €2,743 (+29.7%), from €9,245 to €11,988
- Financial charges +€2,720
up €2,720 (+58.4%), from €4,661 to €7,381
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 | €789,965 | €786,631 | -€3,334 | -0.4% |
| Fixed assets | 21/28 | €207,552 | €225,607 | +€18,055 | +8.7% |
| Tangible fixed assets | 22/27 | €207,552 | €225,607 | +€18,055 | +8.7% |
| Land and buildings | 22 | €192,841 | €187,594 | -€5,247 | -2.7% |
| Plant, machinery and equipment | 23 | €3,856 | €3,804 | -€51 | -1.3% |
| Furniture and vehicles | 24 | €3,973 | €28,599 | +€24,626 | +620% |
| Other tangible fixed assets | 26 | €6,883 | €5,609 | -€1,274 | -18.5% |
| Current assets | 29/58 | €582,412 | €561,024 | -€21,388 | -3.7% |
| Amounts receivable within one year | 40/41 | €391,552 | €478,280 | +€86,728 | +22.1% |
| Trade receivables | 40 | €46,271 | €59,486 | +€13,215 | +28.6% |
| Other amounts receivable | 41 | €345,281 | €418,794 | +€73,513 | +21.3% |
| Cash at bank and in hand | 54/58 | €69,161 | €19,139 | -€50,022 | -72.3% |
| Deferred charges and accrued income | 490/1 | €121,699 | €63,605 | -€58,095 | -47.7% |
| Total equity and liabilities | 10/49 | €789,965 | €786,631 | -€3,334 | -0.4% |
| Equity | 10/15 | €331,203 | €401,250 | +€70,047 | +21.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €325,003 | €395,050 | +€70,047 | +21.6% |
| Distributable reserves | 133 | €325,003 | €395,050 | +€70,047 | +21.6% |
| Amounts payable | 17/49 | €458,762 | €385,381 | -€73,380 | -16.0% |
| Amounts payable after more than one year | 17 | €164,465 | €144,785 | -€19,681 | -12.0% |
| Financial debts | 170/4 | €164,465 | €144,785 | -€19,681 | -12.0% |
| Amounts payable within one year | 42/48 | €279,901 | €230,023 | -€49,878 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €20,574 | €20,543 | -€31 | -0.1% |
| Trade debts | 44 | €3,281 | €14,600 | +€11,320 | +345% |
| Suppliers | 440/4 | €3,281 | €14,600 | +€11,320 | +345% |
| Advances received on contracts in progress | 46 | €127,693 | €74,898 | -€52,795 | -41.3% |
| Taxes, remuneration and social security | 45 | €128,354 | €119,982 | -€8,372 | -6.5% |
| Taxes | 450/3 | €126,354 | €119,982 | -€6,372 | -5.0% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €14,395 | €10,574 | -€3,821 | -26.5% |
| Non-recurring operating income | 76A | €2,707 | - | -€2,707 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,245 | €11,988 | +€2,743 | +29.7% |
| Other operating charges | 640/8 | €809 | €933 | +€124 | +15.3% |
| Non-recurring operating charges | 66A | €2,055 | - | -€2,055 | |
| Gross operating margin | 9900 | €246,049 | €119,664 | -€126,385 | -51.4% |
| Operating profit (loss) | 9901 | €233,939 | €106,743 | -€127,197 | -54.4% |
| Financial income | 75/76B | €13,210 | €0 | -€13,210 | -100.0% |
| Recurring financial income | 75 | €13,210 | €0 | -€13,210 | -100.0% |
| Financial charges | 65/66B | €4,661 | €7,381 | +€2,720 | +58.4% |
| Recurring financial charges | 65 | €4,661 | €7,381 | +€2,720 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €242,489 | €99,362 | -€143,127 | -59.0% |
| Income taxes | 67/77 | €77,709 | €29,315 | -€48,394 | -62.3% |
| Profit (loss) for the period | 9904 | €164,780 | €70,047 | -€94,733 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €164,780 | €70,047 | -€94,733 | -57.5% |
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 18 October 2026 via checked.be.