TECH-HOLDING: 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.
What changed
TECH-HOLDING
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €2.9m+€347,117
Equity
€3.6m
2024 · €4.3m-€769,520
Cash
€310,917
2024 · €57,740+€253,177
Balance sheet total
€10.4m
2024 · €9.9m+€587,932
Largest movements
Assets
- Current investments +€994,414
up €994,414 (+13,873%), from €7,168 to €1.0m
- Receivables within one year -€598,664
down €598,664 (-21.8%), from €2.7m to €2.2m
of which Trade receivables: -€349,780
- Cash +€253,177
up €253,177 (+438%), from €57,740 to €310,917
mainly Other debts (+€3.6m) and Net result for the year (+€3.2m)
- Tangible fixed assets -€214,932
down €214,932 (-50.0%), from €429,730 to €214,798
of which Assets under construction and advance payments: -€227,314
- Financial fixed assets +€176,766
up €176,766 (+3.2%), from €5.6m to €5.8m
of which Other financial fixed assets: +€176,766
Equity and liabilities
- Other debts +€3.6m
up €3.6m (+302%), from €1.2m to €4.8m
- Short-term financial debts -€1.2m
no longer reported in 2025 (was €1.2m)
- Trade debts -€1.1m
down €1.1m (-43.8%), from €2.4m to €1.4m
- Reserves -€769,520
down €769,520 (-38.4%), from €2.0m to €1.2m
of which Distributable reserves: -€769,520
Income statement
- Turnover +€1.1m
up €1.1m (+15.3%), from €7.3m to €8.5m
- Services and other goods +€967,407
up €967,407 (+20.8%), from €4.6m to €5.6m
- Financial income +€247,136
up €247,136 (+8.2%), from €3.0m to €3.3m
of which Financial income: +€247,136
- Financial charges -€158,993
down €158,993 (-48.0%), from €331,365 to €172,372
of which Non-recurring financial charges: -€100,000
- Staff costs +€89,251
up €89,251 (+3.7%), from €2.4m to €2.5m
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.
Result 2024
€2.9m
Turnover
+€1.1m
Other operating income
+€8,270
Goods and materials
-€3,921
Services and other goods
-€967,407
Staff costs
-€89,251
Depreciation
-€57,563
Other operating charges
+€3,962
Other operating items
-€58,898
Financial income
+€247,136
Financial charges
+€158,993
Taxes
-€17,761
Result 2025
€3.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€6.8m
Investment
-€1.3m
Financing
-€5.2m
Cash 2024
€57,740
From operations (derived)
+€6.8m
Net result for the year
+€3.2m
Depreciation
+€373,721
Stocks and contracts
-€517
Receivables within one year
+€598,664
Deferred charges and accrued income
+€18,450
Trade debts
-€1.1m
Tax, wage and social debts
+€20,974
Other debts
+€3.6m
Accrued charges and deferred income
+€48,342
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€330,659
Current investments
-€994,414
Financing
-€5.2m
Debts after one year
-€12,031
Current portion of long-term debt
+€157
Short-term financial debts
-€1.2m
Contributions, distributions and other
-€4.0m
Cash 2025
€310,917
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,851,558 | €10,439,490 | +€587,932 | +6.0% |
| Fixed assets | 21/28 | €6,902,724 | €6,859,663 | -€43,062 | -0.6% |
| Intangible fixed assets | 21 | €866,630 | €861,734 | -€4,896 | -0.6% |
| Tangible fixed assets | 22/27 | €429,730 | €214,798 | -€214,932 | -50.0% |
| Plant, machinery and equipment | 23 | €20,081 | €16,959 | -€3,123 | -15.5% |
| Furniture and vehicles | 24 | €30,054 | €45,558 | +€15,504 | +51.6% |
| Assets under construction and advance payments | 27 | €379,595 | €152,281 | -€227,314 | -59.9% |
| Financial fixed assets | 28 | €5,606,364 | €5,783,130 | +€176,766 | +3.2% |
| Affiliated companies | 280/1 | €5,570,424 | €5,570,424 | = | 0.0% |
| Participating interests | 280 | €5,570,424 | €5,570,424 | = | 0.0% |
| Other financial fixed assets | 284/8 | €35,940 | €212,706 | +€176,766 | +492% |
| Shares | 284 | €28,290 | €28,290 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,650 | €184,416 | +€176,766 | +2,311% |
| Current assets | 29/58 | €2,948,834 | €3,579,828 | +€630,994 | +21.4% |
| Stocks and contracts in progress | 3 | €908 | €1,425 | +€517 | +56.9% |
| Stocks | 30/36 | €908 | €1,425 | +€517 | +56.9% |
| Raw materials and consumables | 30/31 | €538 | €1,425 | +€887 | +165% |
| Goods purchased for resale | 34 | €370 | - | -€370 | |
| Amounts receivable within one year | 40/41 | €2,748,822 | €2,150,158 | -€598,664 | -21.8% |
| Trade receivables | 40 | €2,324,965 | €1,975,185 | -€349,780 | -15.0% |
| Other amounts receivable | 41 | €423,857 | €174,973 | -€248,884 | -58.7% |
| Current investments | 50/53 | €7,168 | €1,001,582 | +€994,414 | +13,873% |
| Other investments | 51/53 | €7,168 | €1,001,582 | +€994,414 | +13,873% |
| Cash at bank and in hand | 54/58 | €57,740 | €310,917 | +€253,177 | +438% |
| Deferred charges and accrued income | 490/1 | €134,196 | €115,746 | -€18,450 | -13.7% |
| Total equity and liabilities | 10/49 | €9,851,558 | €10,439,490 | +€587,932 | +6.0% |
| Equity | 10/15 | €4,327,601 | €3,558,081 | -€769,520 | -17.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €2,263,215 | €2,263,215 | = | 0.0% |
| Reserves | 13 | €2,002,886 | €1,233,367 | -€769,520 | -38.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,996,736 | €1,227,217 | -€769,520 | -38.5% |
| Provisions and deferred taxes | 16 | €236,000 | €236,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €236,000 | €236,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €236,000 | €236,000 | = | 0.0% |
| Amounts payable | 17/49 | €5,287,957 | €6,645,409 | +€1.4m | +25.7% |
| Amounts payable after more than one year | 17 | €64,968 | €52,937 | -€12,031 | -18.5% |
| Financial debts | 170/4 | €64,968 | €52,937 | -€12,031 | -18.5% |
| Credit institutions | 173 | €64,968 | €52,937 | -€12,031 | -18.5% |
| Amounts payable within one year | 42/48 | €5,219,851 | €6,540,992 | +€1.3m | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €11,874 | €12,031 | +€157 | +1.3% |
| Financial debts | 43 | €1,234,459 | - | -€1.2m | |
| Credit institutions | 430/8 | €1,234,459 | - | -€1.2m | |
| Trade debts | 44 | €2,406,207 | €1,353,372 | -€1.1m | -43.8% |
| Suppliers | 440/4 | €2,406,207 | €1,353,372 | -€1.1m | -43.8% |
| Taxes, remuneration and social security | 45 | €380,577 | €401,551 | +€20,974 | +5.5% |
| Taxes | 450/3 | €37,555 | €358 | -€37,197 | -99.0% |
| Remuneration and social security | 454/9 | €343,022 | €401,193 | +€58,171 | +17.0% |
| Other amounts payable | 47/48 | €1,186,735 | €4,774,038 | +€3.6m | +302% |
| Accrued charges and deferred income | 492/3 | €3,137 | €51,480 | +€48,342 | +1,541% |
| Operating income | 70/76A | €7,645,707 | €8,717,823 | +€1.1m | +14.0% |
| Turnover | 70 | €7,332,725 | €8,456,280 | +€1.1m | +15.3% |
| Own construction capitalised | 72 | €75,153 | €15,443 | -€59,710 | -79.5% |
| Other operating income | 74 | €237,830 | €246,100 | +€8,270 | +3.5% |
| Operating charges | 60/66A | €7,396,268 | €8,509,634 | +€1.1m | +15.1% |
| Goods for resale, raw materials and consumables | 60 | €2,152 | €6,073 | +€3,921 | +182% |
| Purchases | 600/8 | €2,469 | €6,589 | +€4,120 | +167% |
| Change in stocks: decrease (increase) | 609 | -€318 | -€517 | -€199 | -62.6% |
| Services and other goods | 61 | €4,645,680 | €5,613,086 | +€967,407 | +20.8% |
| Remuneration, social security and pensions | 62 | €2,415,206 | €2,504,456 | +€89,251 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316,158 | €373,721 | +€57,563 | +18.2% |
| Other operating charges | 640/8 | €15,586 | €11,624 | -€3,962 | -25.4% |
| Non-recurring operating charges | 66A | €1,487 | €675 | -€812 | -54.6% |
| Operating profit (loss) | 9901 | €249,439 | €208,188 | -€41,251 | -16.5% |
| Financial income | 75/76B | €3,003,420 | €3,250,556 | +€247,136 | +8.2% |
| Recurring financial income | 75 | €3,003,420 | €3,250,556 | +€247,136 | +8.2% |
| Income from financial fixed assets | 750 | €3,000,000 | €3,250,000 | +€250,000 | +8.3% |
| Income from current assets | 751 | €3,342 | €461 | -€2,882 | -86.2% |
| Other financial income | 752/9 | €78 | €96 | +€18 | +22.9% |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €331,365 | €172,372 | -€158,993 | -48.0% |
| Recurring financial charges | 65 | €231,365 | €172,372 | -€58,993 | -25.5% |
| Debt charges | 650 | €87,924 | €53,408 | -€34,516 | -39.3% |
| Other financial charges | 652/9 | €143,442 | €118,964 | -€24,478 | -17.1% |
| Non-recurring financial charges | 66B | €100,000 | - | -€100,000 | |
| Profit (loss) for the period before taxes | 9903 | €2,921,494 | €3,286,373 | +€364,878 | +12.5% |
| Income taxes | 67/77 | €38,132 | €55,893 | +€17,761 | +46.6% |
| Taxes | 670/3 | €38,132 | €55,893 | +€17,761 | +46.6% |
| Profit (loss) for the period | 9904 | €2,883,363 | €3,230,480 | +€347,117 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,883,363 | €3,230,480 | +€347,117 | +12.0% |
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 15 October 2026 via checked.be.