TECH MGT: 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 MGT
Largest movements
- Receivables within one year -€82,518
down €82,518 (-27.7%), from €298,261 to €215,743
of which Other amounts receivable: -€43,304
- Debts after one year -€33,705
no longer reported in 2025 (was €33,705)
- Reserves +€30,156
up €30,156 (+17.5%), from €172,321 to €202,477
of which Distributable reserves: +€30,156
- Accrued charges and deferred income -€29,645
no longer reported in 2025 (was €29,645)
- Other debts -€23,742
no longer reported in 2025 (was €23,742)
- Tax, wage and social debts -€10,306
down €10,306 (-19.1%), from €54,011 to €43,705
of which Remuneration and social security: -€11,855
- Purchases and services -€33,566
down €33,566 (-21.9%), from €152,983 to €119,417
- Gross operating margin +€21,456
up €21,456 (+26.5%), from €80,956 to €102,412
- Turnover -€9,910
down €9,910 (-4.6%), from €216,801 to €206,891
- Depreciation -€8,879
down €8,879 (-96.4%), from €9,212 to €333
- Financial charges +€4,458
up €4,458 (+93.7%), from €4,759 to €9,218
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 | €543,642 | €469,022 | -€74,620 | -13.7% |
| Fixed assets | 21/28 | €242,685 | €242,352 | -€333 | -0.1% |
| Tangible fixed assets | 22/27 | €242,685 | €242,352 | -€333 | -0.1% |
| Land and buildings | 22 | €241,952 | €241,952 | = | 0.0% |
| Other tangible fixed assets | 26 | €734 | €401 | -€333 | -45.4% |
| Current assets | 29/58 | €300,956 | €226,669 | -€74,287 | -24.7% |
| Amounts receivable within one year | 40/41 | €298,261 | €215,743 | -€82,518 | -27.7% |
| Trade receivables | 40 | €112,661 | €73,446 | -€39,215 | -34.8% |
| Other amounts receivable | 41 | €185,600 | €142,297 | -€43,304 | -23.3% |
| Cash at bank and in hand | 54/58 | €660 | €3,519 | +€2,859 | +433.2% |
| Deferred charges and accrued income | 490/1 | €2,035 | €7,408 | +€5,373 | +264.0% |
| Total equity and liabilities | 10/49 | €543,642 | €469,022 | -€74,620 | -13.7% |
| Equity | 10/15 | €343,853 | €374,009 | +€30,156 | +8.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €172,321 | €202,477 | +€30,156 | +17.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €170,461 | €200,617 | +€30,156 | +17.7% |
| Profit (loss) carried forward | 14 | €159,131 | €159,131 | = | 0.0% |
| Amounts payable | 17/49 | €199,789 | €95,013 | -€104,776 | -52.4% |
| Amounts payable after more than one year | 17 | €33,705 | - | -€33,705 | |
| Financial debts | 170/4 | €33,705 | - | -€33,705 | |
| Amounts payable within one year | 42/48 | €136,439 | €95,013 | -€41,426 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €33,005 | €33,705 | +€700 | +2.1% |
| Trade debts | 44 | €25,681 | €17,604 | -€8,077 | -31.5% |
| Suppliers | 440/4 | €25,681 | €17,604 | -€8,077 | -31.5% |
| Taxes, remuneration and social security | 45 | €54,011 | €43,705 | -€10,306 | -19.1% |
| Taxes | 450/3 | €41,251 | €42,800 | +€1,549 | +3.8% |
| Remuneration and social security | 454/9 | €12,760 | €905 | -€11,855 | -92.9% |
| Other amounts payable | 47/48 | €23,742 | - | -€23,742 | |
| Accrued charges and deferred income | 492/3 | €29,645 | - | -€29,645 | |
| Turnover | 70 | €216,801 | €206,891 | -€9,910 | -4.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €152,983 | €119,417 | -€33,566 | -21.9% |
| Remuneration, social security and pensions | 62 | €43,502 | €45,503 | +€2,001 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,212 | €333 | -€8,879 | -96.4% |
| Other operating charges | 640/8 | €3,587 | €2,502 | -€1,086 | -30.3% |
| Non-recurring operating charges | 66A | - | €9,551 | +€9,551 | |
| Gross operating margin | 9900 | €80,956 | €102,412 | +€21,456 | +26.5% |
| Operating profit (loss) | 9901 | €24,655 | €44,524 | +€19,869 | +80.6% |
| Financial income | 75/76B | €10,701 | €7,581 | -€3,120 | -29.2% |
| Recurring financial income | 75 | €10,701 | €7,581 | -€3,120 | -29.2% |
| Financial charges | 65/66B | €4,759 | €9,218 | +€4,458 | +93.7% |
| Recurring financial charges | 65 | €4,759 | €9,218 | +€4,458 | +93.7% |
| Profit (loss) for the period before taxes | 9903 | €30,597 | €42,887 | +€12,291 | +40.2% |
| Income taxes | 67/77 | €8,319 | €12,731 | +€4,413 | +53.0% |
| Profit (loss) for the period | 9904 | €22,278 | €30,156 | +€7,878 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,278 | €30,156 | +€7,878 | +35.4% |
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 12 October 2026 via checked.be.