TECH-M: 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-M
Largest movements
- Tangible fixed assets -€219,586
down €219,586 (-22.3%), from €983,940 to €764,354
of which Plant, machinery and equipment: -€125,410
- Receivables within one year +€201,713
up €201,713 (+15.1%), from €1.3m to €1.5m
of which Trade receivables: +€201,315
- Stocks and contracts -€196,874
down €196,874 (-24.9%), from €791,636 to €594,762
of which Stocks: -€227,221
- Current portion of long-term debt -€213,000
down €213,000 (-66.4%), from €321,000 to €108,000
- Debts after one year -€108,000
down €108,000 (-29.3%), from €369,000 to €261,000
- Trade debts +€75,020
up €75,020 (+42.7%), from €175,767 to €250,787
- Advances received +€45,500
new in 2024: €45,500
- Turnover +€3.5m
new in 2024: €3.5m
- Purchases and services +€2.2m
new in 2024: €2.2m
- Gross operating margin -€167,454
down €167,454 (-11.0%), from €1.5m to €1.4m
- Staff costs -€45,740
down €45,740 (-4.3%), from €1.1m to €1.0m
- Taxes -€35,391
down €35,391 (-96.7%), from €36,597 to €1,206
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,229,065 | €2,998,880 | -€230,185 | -7.1% |
| Fixed assets | 21/28 | €984,378 | €764,792 | -€219,586 | -22.3% |
| Tangible fixed assets | 22/27 | €983,940 | €764,354 | -€219,586 | -22.3% |
| Plant, machinery and equipment | 23 | €873,863 | €748,452 | -€125,410 | -14.4% |
| Furniture and vehicles | 24 | €22,970 | €9,606 | -€13,364 | -58.2% |
| Leasing and similar rights | 25 | €8,007 | €6,295 | -€1,712 | -21.4% |
| Assets under construction and advance payments | 27 | €79,100 | €0 | -€79,100 | -100.0% |
| Financial fixed assets | 28 | €438 | €438 | = | 0.0% |
| Current assets | 29/58 | €2,244,687 | €2,234,088 | -€10,599 | -0.5% |
| Stocks and contracts in progress | 3 | €791,636 | €594,762 | -€196,874 | -24.9% |
| Stocks | 30/36 | €619,181 | €391,960 | -€227,221 | -36.7% |
| Contracts in progress | 37 | €172,455 | €202,802 | +€30,347 | +17.6% |
| Amounts receivable within one year | 40/41 | €1,333,249 | €1,534,961 | +€201,713 | +15.1% |
| Trade receivables | 40 | €1,201,261 | €1,402,576 | +€201,315 | +16.8% |
| Other amounts receivable | 41 | €131,988 | €132,385 | +€397 | +0.3% |
| Cash at bank and in hand | 54/58 | €85,740 | €97,013 | +€11,273 | +13.1% |
| Deferred charges and accrued income | 490/1 | €34,063 | €7,353 | -€26,710 | -78.4% |
| Total equity and liabilities | 10/49 | €3,229,065 | €2,998,880 | -€230,185 | -7.1% |
| Equity | 10/15 | €2,174,435 | €2,148,541 | -€25,894 | -1.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,062,000 | €2,062,000 | = | 0.0% |
| Distributable reserves | 133 | €2,062,000 | €2,062,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,435 | €66,541 | -€25,894 | -28.0% |
| Amounts payable | 17/49 | €1,054,630 | €850,339 | -€204,290 | -19.4% |
| Amounts payable after more than one year | 17 | €369,000 | €261,000 | -€108,000 | -29.3% |
| Financial debts | 170/4 | €369,000 | €261,000 | -€108,000 | -29.3% |
| Amounts payable within one year | 42/48 | €685,630 | €589,339 | -€96,290 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €321,000 | €108,000 | -€213,000 | -66.4% |
| Trade debts | 44 | €175,767 | €250,787 | +€75,020 | +42.7% |
| Suppliers | 440/4 | €175,767 | €250,787 | +€75,020 | +42.7% |
| Advances received on contracts in progress | 46 | - | €45,500 | +€45,500 | |
| Taxes, remuneration and social security | 45 | €188,863 | €185,053 | -€3,810 | -2.0% |
| Taxes | 450/3 | €97,533 | €91,641 | -€5,892 | -6.0% |
| Remuneration and social security | 454/9 | €91,329 | €93,412 | +€2,082 | +2.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | - | €3,471,081 | +€3.5m | |
| Non-recurring operating income | 76A | - | €1,208 | +€1,208 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,163,906 | +€2.2m | |
| Remuneration, social security and pensions | 62 | €1,063,829 | €1,018,089 | -€45,740 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €277,260 | €277,370 | +€110 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €34,000 | +€34,000 | |
| Other operating charges | 640/8 | €29,565 | €27,474 | -€2,091 | -7.1% |
| Gross operating margin | 9900 | €1,520,452 | €1,352,998 | -€167,454 | -11.0% |
| Operating profit (loss) | 9901 | €149,799 | -€3,934 | -€153,733 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €21,205 | €20,754 | -€450 | -2.1% |
| Recurring financial charges | 65 | €21,205 | €20,754 | -€450 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €128,595 | -€24,689 | -€153,284 | |
| Income taxes | 67/77 | €36,597 | €1,206 | -€35,391 | -96.7% |
| Profit (loss) for the period | 9904 | €91,998 | -€25,894 | -€117,893 | |
| Profit (loss) for the period to be appropriated | 9905 | €91,998 | -€25,894 | -€117,893 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.