TECH INVEST: 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 INVEST
Largest movements
- Financial fixed assets -€420,995
down €420,995 (-3.2%), from €13.0m to €12.6m
- Cash -€151,257
down €151,257 (-16.0%), from €946,170 to €794,913
mainly Accrued charges and deferred income (-€576,877) and Other debts (-€296,616)
- Accrued charges and deferred income -€576,877
down €576,877 (-86.8%), from €664,822 to €87,945
- Profit (loss) carried forward +€390,828
up €390,828 (+27.0%), from €1.5m to €1.8m
- Other debts -€296,616
down €296,616 (-7.4%), from €4.0m to €3.7m
- Debts after one year -€193,750
down €193,750 (-2.8%), from €6.8m to €6.6m
of which Financial debts: -€193,750
- Financial income +€304,484
new in 2025: €304,484
of which Non-recurring financial income: +€300,000
- Gross operating margin +€210,551
up €210,551 (+115%), from €182,398 to €392,950
- Financial charges +€110,557
up €110,557 (+69.6%), from €158,924 to €269,480
- Taxes +€25,653
up €25,653 (+511%), from €5,024 to €30,677
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 | €14,182,230 | €13,622,889 | -€559,341 | -3.9% |
| Fixed assets | 21/28 | €12,985,120 | €12,561,630 | -€423,490 | -3.3% |
| Tangible fixed assets | 22/27 | €10,120 | €7,625 | -€2,495 | -24.7% |
| Furniture and vehicles | 24 | €86 | - | -€86 | |
| Other tangible fixed assets | 26 | €10,034 | €7,625 | -€2,409 | -24.0% |
| Financial fixed assets | 28 | €12,975,000 | €12,554,005 | -€420,995 | -3.2% |
| Current assets | 29/58 | €1,197,110 | €1,061,259 | -€135,851 | -11.3% |
| Amounts receivable after more than one year | 29 | €58,454 | - | -€58,454 | |
| Other amounts receivable | 291 | €58,454 | - | -€58,454 | |
| Amounts receivable within one year | 40/41 | €192,486 | €265,277 | +€72,791 | +37.8% |
| Trade receivables | 40 | €107,134 | €186,603 | +€79,469 | +74.2% |
| Other amounts receivable | 41 | €85,351 | €78,674 | -€6,678 | -7.8% |
| Cash at bank and in hand | 54/58 | €946,170 | €794,913 | -€151,257 | -16.0% |
| Deferred charges and accrued income | 490/1 | - | €1,069 | +€1,069 | |
| Total equity and liabilities | 10/49 | €14,182,230 | €13,622,889 | -€559,341 | -3.9% |
| Equity | 10/15 | €2,200,084 | €2,590,912 | +€390,828 | +17.8% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,450,084 | €1,840,912 | +€390,828 | +27.0% |
| Amounts payable | 17/49 | €11,982,146 | €11,031,977 | -€950,169 | -7.9% |
| Amounts payable after more than one year | 17 | €6,837,500 | €6,643,750 | -€193,750 | -2.8% |
| Financial debts | 170/4 | €2,887,500 | €2,693,750 | -€193,750 | -6.7% |
| Other amounts payable | 178/9 | €3,950,000 | €3,950,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,479,824 | €4,300,282 | -€179,542 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €412,500 | €475,000 | +€62,500 | +15.2% |
| Trade debts | 44 | €1,596 | €30,370 | +€28,774 | +1,803% |
| Suppliers | 440/4 | €1,596 | €30,370 | +€28,774 | +1,803% |
| Taxes, remuneration and social security | 45 | €52,120 | €77,920 | +€25,800 | +49.5% |
| Taxes | 450/3 | €52,120 | €77,920 | +€25,800 | +49.5% |
| Other amounts payable | 47/48 | €4,013,608 | €3,716,992 | -€296,616 | -7.4% |
| Accrued charges and deferred income | 492/3 | €664,822 | €87,945 | -€576,877 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,461 | €2,495 | +€34 | +1.4% |
| Other operating charges | 640/8 | €2,316 | €3,953 | +€1,637 | +70.7% |
| Gross operating margin | 9900 | €182,398 | €392,950 | +€210,551 | +115% |
| Operating profit (loss) | 9901 | €177,621 | €386,502 | +€208,880 | +118% |
| Financial income | 75/76B | - | €304,484 | +€304,484 | |
| Recurring financial income | 75 | - | €4,484 | +€4,484 | |
| Non-recurring financial income | 76B | - | €300,000 | +€300,000 | |
| Financial charges | 65/66B | €158,924 | €269,480 | +€110,557 | +69.6% |
| Recurring financial charges | 65 | €158,924 | €269,480 | +€110,557 | +69.6% |
| Profit (loss) for the period before taxes | 9903 | €18,698 | €421,505 | +€402,807 | +2,154% |
| Income taxes | 67/77 | €5,024 | €30,677 | +€25,653 | +511% |
| Profit (loss) for the period | 9904 | €13,674 | €390,828 | +€377,154 | +2,758% |
| Profit (loss) for the period to be appropriated | 9905 | €13,674 | €390,828 | +€377,154 | +2,758% |
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 19 October 2026 via checked.be.