TECH IN RED: 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.
TECH IN RED
Largest movements
- Tangible fixed assets +€125,899
up €125,899 (+247.8%), from €50,799 to €176,697
of which Land and buildings: +€140,000
- Receivables within one year -€24,963
down €24,963 (-89.6%), from €27,864 to €2,901
of which Trade receivables: -€15,825
- Cash +€3,222
up €3,222 (+2.4%), from €132,492 to €135,714
mainly Debts after one year (+€108,005) and Depreciation (+€32,007)
- Debts after one year +€108,005
up €108,005 (+410.3%), from €26,325 to €134,330
- Profit (loss) carried forward -€25,143
down €25,143 (-15.6%), from €161,348 to €136,206
- Other debts +€9,349
up €9,349 (+196.8%), from €4,751 to €14,100
- Current portion of long-term debt +€7,434
up €7,434 (+84.1%), from €8,839 to €16,274
- Tax, wage and social debts +€4,706
up €4,706 (+69.1%), from €6,808 to €11,514
- Gross operating margin -€28,320
down €28,320 (-64.0%), from €44,218 to €15,898
- Depreciation +€21,280
up €21,280 (+198.4%), from €10,727 to €32,007
- Taxes -€6,386
no longer reported in 2025 (was €6,386)
- Financial charges +€6,199
up €6,199 (+221.1%), from €2,804 to €9,003
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,233 | €315,555 | +€104,322 | +49.4% |
| Fixed assets | 21/28 | €50,799 | €176,697 | +€125,899 | +247.8% |
| Tangible fixed assets | 22/27 | €50,799 | €176,697 | +€125,899 | +247.8% |
| Land and buildings | 22 | - | €140,000 | +€140,000 | |
| Plant, machinery and equipment | 23 | - | €283 | +€283 | |
| Furniture and vehicles | 24 | €50,799 | €36,414 | -€14,385 | -28.3% |
| Current assets | 29/58 | €160,435 | €138,858 | -€21,577 | -13.4% |
| Amounts receivable within one year | 40/41 | €27,864 | €2,901 | -€24,963 | -89.6% |
| Trade receivables | 40 | €18,539 | €2,714 | -€15,825 | -85.4% |
| Other amounts receivable | 41 | €9,325 | €187 | -€9,138 | -98.0% |
| Cash at bank and in hand | 54/58 | €132,492 | €135,714 | +€3,222 | +2.4% |
| Deferred charges and accrued income | 490/1 | €79 | €243 | +€164 | +208.7% |
| Total equity and liabilities | 10/49 | €211,233 | €315,555 | +€104,322 | +49.4% |
| Equity | 10/15 | €163,348 | €138,206 | -€25,143 | -15.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,348 | €136,206 | -€25,143 | -15.6% |
| Amounts payable | 17/49 | €47,885 | €177,349 | +€129,464 | +270.4% |
| Amounts payable after more than one year | 17 | €26,325 | €134,330 | +€108,005 | +410.3% |
| Financial debts | 170/4 | €26,325 | €134,330 | +€108,005 | +410.3% |
| Amounts payable within one year | 42/48 | €21,560 | €43,009 | +€21,449 | +99.5% |
| Current portion of amounts payable after more than one year | 42 | €8,839 | €16,274 | +€7,434 | +84.1% |
| Trade debts | 44 | €1,162 | €1,122 | -€40 | -3.5% |
| Suppliers | 440/4 | €1,162 | €1,122 | -€40 | -3.5% |
| Taxes, remuneration and social security | 45 | €6,808 | €11,514 | +€4,706 | +69.1% |
| Taxes | 450/3 | €6,808 | €11,514 | +€4,706 | +69.1% |
| Other amounts payable | 47/48 | €4,751 | €14,100 | +€9,349 | +196.8% |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,727 | €32,007 | +€21,280 | +198.4% |
| Other operating charges | 640/8 | €168 | €222 | +€54 | +32.0% |
| Non-recurring operating charges | 66A | €161 | €434 | +€273 | +169.1% |
| Gross operating margin | 9900 | €44,218 | €15,898 | -€28,320 | -64.0% |
| Operating profit (loss) | 9901 | €33,161 | -€16,764 | -€49,926 | |
| Financial income | 75/76B | €260 | €625 | +€365 | +140.7% |
| Recurring financial income | 75 | €260 | €625 | +€365 | +140.7% |
| Financial charges | 65/66B | €2,804 | €9,003 | +€6,199 | +221.1% |
| Recurring financial charges | 65 | €2,804 | €9,003 | +€6,199 | +221.1% |
| Profit (loss) for the period before taxes | 9903 | €30,617 | -€25,143 | -€55,760 | |
| Income taxes | 67/77 | €6,386 | - | -€6,386 | |
| Profit (loss) for the period | 9904 | €24,232 | -€25,143 | -€49,374 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,232 | -€25,143 | -€49,374 |
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 5 October 2026 via checked.be.