TECH FUSION: 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 FUSION
Largest movements
- Cash +€13,441
up €13,441 (+43.9%), from €30,620 to €44,061
mainly Net result for the year (+€77,749) and Depreciation (+€19,233)
- Reserves +€70,000
up €70,000 (+33.3%), from €210,000 to €280,000
- Debts after one year -€47,500
no longer reported in 2025 (was €47,500)
- Current portion of long-term debt -€15,833
down €15,833 (-25.0%), from €63,333 to €47,500
- Profit (loss) carried forward +€7,749
up €7,749 (+8.5%), from €91,527 to €99,276
- Gross operating margin +€4,831
up €4,831 (+3.8%), from €128,131 to €132,962
- Depreciation +€3,450
up €3,450 (+21.9%), from €15,783 to €19,233
- Taxes +€2,989
up €2,989 (+10.8%), from €27,608 to €30,597
- Financial charges -€2,890
down €2,890 (-42.6%), from €6,779 to €3,889
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 | €431,874 | €449,800 | +€17,926 | +4.2% |
| Fixed assets | 21/28 | €195,775 | €198,084 | +€2,309 | +1.2% |
| Tangible fixed assets | 22/27 | €195,775 | €198,084 | +€2,309 | +1.2% |
| Land and buildings | 22 | €175,301 | €184,434 | +€9,133 | +5.2% |
| Plant, machinery and equipment | 23 | €910 | €716 | -€195 | -21.4% |
| Furniture and vehicles | 24 | €14,448 | €8,603 | -€5,845 | -40.5% |
| Other tangible fixed assets | 26 | €5,115 | €4,331 | -€784 | -15.3% |
| Current assets | 29/58 | €236,099 | €251,716 | +€15,617 | +6.6% |
| Amounts receivable within one year | 40/41 | €205,480 | €207,655 | +€2,175 | +1.1% |
| Other amounts receivable | 41 | €205,480 | €207,655 | +€2,175 | +1.1% |
| Cash at bank and in hand | 54/58 | €30,620 | €44,061 | +€13,441 | +43.9% |
| Total equity and liabilities | 10/49 | €431,874 | €449,800 | +€17,926 | +4.2% |
| Equity | 10/15 | €303,527 | €381,276 | +€77,749 | +25.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €210,000 | €280,000 | +€70,000 | +33.3% |
| Distributable reserves | 133 | €210,000 | €280,000 | +€70,000 | +33.3% |
| Profit (loss) carried forward | 14 | €91,527 | €99,276 | +€7,749 | +8.5% |
| Amounts payable | 17/49 | €128,347 | €68,524 | -€59,823 | -46.6% |
| Amounts payable after more than one year | 17 | €47,500 | - | -€47,500 | |
| Financial debts | 170/4 | €47,500 | - | -€47,500 | |
| Amounts payable within one year | 42/48 | €80,847 | €68,524 | -€12,323 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €63,333 | €47,500 | -€15,833 | -25.0% |
| Trade debts | 44 | €186 | €1,895 | +€1,709 | +919% |
| Suppliers | 440/4 | €186 | €1,895 | +€1,709 | +919% |
| Taxes, remuneration and social security | 45 | €17,327 | €19,129 | +€1,802 | +10.4% |
| Taxes | 450/3 | €17,327 | €19,129 | +€1,802 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,783 | €19,233 | +€3,450 | +21.9% |
| Other operating charges | 640/8 | €538 | €1,495 | +€957 | +178% |
| Gross operating margin | 9900 | €128,131 | €132,962 | +€4,831 | +3.8% |
| Operating profit (loss) | 9901 | €111,811 | €112,234 | +€424 | +0.4% |
| Financial charges | 65/66B | €6,779 | €3,889 | -€2,890 | -42.6% |
| Recurring financial charges | 65 | €6,779 | €3,889 | -€2,890 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €105,032 | €108,346 | +€3,314 | +3.2% |
| Income taxes | 67/77 | €27,608 | €30,597 | +€2,989 | +10.8% |
| Profit (loss) for the period | 9904 | €77,424 | €77,749 | +€325 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,424 | €77,749 | +€325 | +0.4% |
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.