TECH-IMMO: what changed
Two fiscal 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-IMMO
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€921,047
2024 · €198,621+€722,425
Equity
€3.6m
2024 · €2.7m+€921,047
Cash
€309,303
2024 · €409,670-€100,367
Balance sheet total
€11.0m
2024 · €9.2m+€1.8m
Largest movements
Assets
- Financial fixed assets +€1.4m
up €1.4m (+587.0%), from €231,812 to €1.6m
- Current investments +€902,989
new in 2025: €902,989
- Tangible fixed assets -€398,523
down €398,523 (-4.8%), from €8.3m to €7.9m
of which Land and buildings: -€341,156
Equity and liabilities
- Reserves +€921,047
up €921,047 (+51.5%), from €1.8m to €2.7m
of which Tax-exempt reserves: +€613,042
- Debts after one year +€639,419
up €639,419 (+10.8%), from €5.9m to €6.6m
of which Financial debts: +€657,419
- Provisions +€204,347
new in 2025: €204,347
Income statement
- Gross operating margin +€1.7m
new in 2025: €1.7m
- Turnover -€1.2m
no longer reported in 2025 (was €1.2m)
- Services and other goods -€199,736
no longer reported in 2025 (was €199,736)
- Financial income +€103,262
up €103,262 (+4303.9%), from €2,399 to €105,661
- Depreciation -€93,215
down €93,215 (-22.5%), from €415,128 to €321,912
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
€198,621
Turnover
-€1.2m
Services and other goods
+€199,736
Depreciation
+€93,215
Other operating charges
+€29,336
Other operating items
+€1.7m
Financial income
+€103,262
Financial charges
-€27,259
Taxes
+€8,589
Deferred taxes and other
-€204,347
Result 2025
€921,047
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.
From operations
+€1.4m
Investment
-€2.2m
Financing
+€697,447
Cash 2024
€409,670
From operations (derived)
+€1.4m
Net result for the year
+€921,047
Depreciation
+€321,912
Receivables within one year
-€69,913
Smaller working-capital items
-€1,766
Provisions
+€204,347
Trade debts
+€42,826
Tax, wage and social debts
-€15,455
Other debts
-€6,991
Accrued charges and deferred income
-€6,768
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€1.3m
Current investments
-€902,989
Financing
+€697,447
Debts after one year
+€639,419
Current portion of long-term debt
+€26,529
Short-term financial debts
+€31,499
Cash 2025
€309,303
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,174,787 | €11,010,240 | +€1.8m | +20.0% |
| Fixed assets | 21/28 | €8,559,370 | €9,521,522 | +€962,152 | +11.2% |
| Tangible fixed assets | 22/27 | €8,327,558 | €7,929,035 | -€398,523 | -4.8% |
| Land and buildings | 22 | €7,876,721 | €7,535,566 | -€341,156 | -4.3% |
| Plant, machinery and equipment | 23 | €263,369 | €203,799 | -€59,570 | -22.6% |
| Furniture and vehicles | 24 | €187,467 | €158,670 | -€28,797 | -15.4% |
| Assets under construction and advance payments | 27 | - | €31,000 | +€31,000 | |
| Financial fixed assets | 28 | €231,812 | €1,592,488 | +€1.4m | +587.0% |
| Other financial fixed assets | 284/8 | €231,812 | - | -€231,812 | |
| Shares | 284 | €231,812 | - | -€231,812 | |
| Current assets | 29/58 | €615,417 | €1,488,718 | +€873,300 | +141.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €184,481 | €254,394 | +€69,913 | +37.9% |
| Trade receivables | 40 | €79,223 | €127,892 | +€48,669 | +61.4% |
| Other amounts receivable | 41 | €105,257 | €126,501 | +€21,244 | +20.2% |
| Current investments | 50/53 | - | €902,989 | +€902,989 | |
| Cash at bank and in hand | 54/58 | €409,670 | €309,303 | -€100,367 | -24.5% |
| Deferred charges and accrued income | 490/1 | €21,267 | €22,033 | +€766 | +3.6% |
| Total equity and liabilities | 10/49 | €9,174,787 | €11,010,240 | +€1.8m | +20.0% |
| Equity | 10/15 | €2,726,706 | €3,647,753 | +€921,047 | +33.8% |
| Contributions | 10/11 | €937,762 | €937,762 | = | 0.0% |
| Capital | 10 | €930,620 | €930,620 | = | 0.0% |
| Issued capital | 100 | €930,620 | €930,620 | = | 0.0% |
| Outside capital | 11 | €7,142 | €7,142 | = | 0.0% |
| Share premium | 1100/10 | €7,142 | €7,142 | = | 0.0% |
| Reserves | 13 | €1,788,944 | €2,709,990 | +€921,047 | +51.5% |
| Non-distributable reserves | 130/1 | €93,062 | €93,062 | = | 0.0% |
| Legal reserve | 130 | €93,062 | €93,062 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,865 | €628,907 | +€613,042 | +3864.1% |
| Distributable reserves | 133 | €1,680,017 | €1,988,021 | +€308,005 | +18.3% |
| Provisions and deferred taxes | 16 | - | €204,347 | +€204,347 | |
| Deferred taxes | 168 | - | €204,347 | +€204,347 | |
| Amounts payable | 17/49 | €6,448,081 | €7,158,140 | +€710,059 | +11.0% |
| Amounts payable after more than one year | 17 | €5,933,355 | €6,572,775 | +€639,419 | +10.8% |
| Financial debts | 170/4 | €5,877,380 | €6,534,800 | +€657,419 | +11.2% |
| Credit institutions | 173 | €5,677,380 | - | -€5.7m | |
| Other loans | 174 | €200,000 | - | -€200,000 | |
| Other amounts payable | 178/9 | €55,975 | €37,975 | -€18,000 | -32.2% |
| Amounts payable within one year | 42/48 | €507,957 | €585,366 | +€77,408 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €442,177 | €468,706 | +€26,529 | +6.0% |
| Financial debts | 43 | - | €31,499 | +€31,499 | |
| Credit institutions | 430/8 | - | €31,499 | +€31,499 | |
| Trade debts | 44 | €37,393 | €80,219 | +€42,826 | +114.5% |
| Suppliers | 440/4 | €37,393 | €80,219 | +€42,826 | +114.5% |
| Advances received on contracts in progress | 46 | €1,000 | €0 | -€1,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,269 | €2,814 | -€15,455 | -84.6% |
| Taxes | 450/3 | €18,269 | €2,814 | -€15,455 | -84.6% |
| Other amounts payable | 47/48 | €9,119 | €2,128 | -€6,991 | -76.7% |
| Accrued charges and deferred income | 492/3 | €6,768 | €0 | -€6,768 | -100.0% |
| Operating income | 70/76A | €1,212,825 | - | -€1.2m | |
| Turnover | 70 | €1,212,825 | - | -€1.2m | |
| Other operating income | 74 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €765,869 | - | -€765,869 | |
| Services and other goods | 61 | €199,736 | - | -€199,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415,128 | €321,912 | -€93,215 | -22.5% |
| Other operating charges | 640/8 | €151,006 | €121,670 | -€29,336 | -19.4% |
| Gross operating margin | 9900 | - | €1,732,718 | +€1.7m | |
| Operating profit (loss) | 9901 | €446,956 | €1,289,136 | +€842,180 | +188.4% |
| Financial income | 75/76B | €2,399 | €105,661 | +€103,262 | +4303.9% |
| Recurring financial income | 75 | €2,399 | €105,661 | +€103,262 | +4303.9% |
| Income from current assets | 751 | €2,397 | - | -€2,397 | |
| Other financial income | 752/9 | €2 | - | -€2 | |
| Financial charges | 65/66B | €143,500 | €170,760 | +€27,259 | +19.0% |
| Recurring financial charges | 65 | €118,212 | €145,471 | +€27,259 | +23.1% |
| Debt charges | 650 | €115,789 | - | -€115,789 | |
| Other financial charges | 652/9 | €2,423 | - | -€2,423 | |
| Non-recurring financial charges | 66B | €25,289 | €25,289 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €305,855 | €1,224,038 | +€918,183 | +300.2% |
| Transfer to deferred taxes | 680 | - | €204,347 | +€204,347 | |
| Income taxes | 67/77 | €107,233 | €98,644 | -€8,589 | -8.0% |
| Taxes | 670/3 | €107,233 | - | -€107,233 | |
| Profit (loss) for the period | 9904 | €198,621 | €921,047 | +€722,425 | +363.7% |
| Transfer to tax-exempt reserves | 689 | - | €613,042 | +€613,042 | |
| Profit (loss) for the period to be appropriated | 9905 | €198,621 | €308,005 | +€109,383 | +55.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.