TECH POWER: 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 POWER
Largest movements
- Tangible fixed assets +€217,989
up €217,989 (+465%), from €46,924 to €264,913
of which Land and buildings: +€151,242
- Deferred charges and accrued income +€160,547
up €160,547 (+46,170%), from €348 to €160,895
- Receivables within one year +€50,585
up €50,585 (+18.2%), from €277,518 to €328,103
of which Trade receivables: +€72,643
- Cash -€47,729
no longer reported in 2025 (was €47,729)
mainly Investment in fixed assets (net) (-€275,013) and Deferred charges and accrued income (-€160,547)
- Financial fixed assets +€18,150
new in 2025: €18,150
- Trade debts +€169,429
up €169,429 (+58.3%), from €290,599 to €460,028
- Debts after one year +€164,136
up €164,136 (+86,052%), from €191 to €164,327
- Profit (loss) carried forward +€29,122
up €29,122 (+24.4%), from €119,488 to €148,610
- Tax, wage and social debts +€24,938
up €24,938 (+86.5%), from €28,820 to €53,758
of which Remuneration and social security: +€18,628
- Short-term financial debts +€18,007
new in 2025: €18,007
- Staff costs +€69,597
new in 2025: €69,597
- Gross operating margin +€30,303
up €30,303 (+19.6%), from €154,397 to €184,700
- Other operating charges +€24,139
up €24,139 (+1,581%), from €1,527 to €25,666
- Depreciation +€22,171
up €22,171 (+133%), from €16,703 to €38,874
- Taxes -€19,917
down €19,917 (-69.0%), from €28,879 to €8,962
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 | €493,774 | €883,225 | +€389,450 | +78.9% |
| Fixed assets | 21/28 | €46,924 | €283,063 | +€236,139 | +503% |
| Tangible fixed assets | 22/27 | €46,924 | €264,913 | +€217,989 | +465% |
| Land and buildings | 22 | - | €151,242 | +€151,242 | |
| Plant, machinery and equipment | 23 | €8,442 | €10,391 | +€1,949 | +23.1% |
| Furniture and vehicles | 24 | €38,482 | €103,279 | +€64,797 | +168% |
| Financial fixed assets | 28 | - | €18,150 | +€18,150 | |
| Current assets | 29/58 | €446,850 | €600,162 | +€153,312 | +34.3% |
| Stocks and contracts in progress | 3 | €121,255 | €111,163 | -€10,091 | -8.3% |
| Stocks | 30/36 | €121,255 | €111,163 | -€10,091 | -8.3% |
| Amounts receivable within one year | 40/41 | €277,518 | €328,103 | +€50,585 | +18.2% |
| Trade receivables | 40 | €190,700 | €263,344 | +€72,643 | +38.1% |
| Other amounts receivable | 41 | €86,818 | €64,760 | -€22,058 | -25.4% |
| Cash at bank and in hand | 54/58 | €47,729 | - | -€47,729 | |
| Deferred charges and accrued income | 490/1 | €348 | €160,895 | +€160,547 | +46,170% |
| Total equity and liabilities | 10/49 | €493,774 | €883,225 | +€389,450 | +78.9% |
| Equity | 10/15 | €124,488 | €153,610 | +€29,122 | +23.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,488 | €148,610 | +€29,122 | +24.4% |
| Amounts payable | 17/49 | €369,286 | €729,615 | +€360,329 | +97.6% |
| Amounts payable after more than one year | 17 | €191 | €164,327 | +€164,136 | +86,052% |
| Financial debts | 170/4 | €191 | €164,327 | +€164,136 | +86,052% |
| Amounts payable within one year | 42/48 | €353,115 | €563,607 | +€210,493 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €2,255 | €15,241 | +€12,986 | +576% |
| Financial debts | 43 | - | €18,007 | +€18,007 | |
| Credit institutions | 430/8 | - | €18,007 | +€18,007 | |
| Trade debts | 44 | €290,599 | €460,028 | +€169,429 | +58.3% |
| Suppliers | 440/4 | €290,599 | €460,028 | +€169,429 | +58.3% |
| Taxes, remuneration and social security | 45 | €28,820 | €53,758 | +€24,938 | +86.5% |
| Taxes | 450/3 | €28,820 | €35,130 | +€6,310 | +21.9% |
| Remuneration and social security | 454/9 | - | €18,628 | +€18,628 | |
| Other amounts payable | 47/48 | €31,441 | €16,573 | -€14,868 | -47.3% |
| Accrued charges and deferred income | 492/3 | €15,981 | €1,680 | -€14,300 | -89.5% |
| Remuneration, social security and pensions | 62 | - | €69,597 | +€69,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,703 | €38,874 | +€22,171 | +133% |
| Other operating charges | 640/8 | €1,527 | €25,666 | +€24,139 | +1,581% |
| Gross operating margin | 9900 | €154,397 | €184,700 | +€30,303 | +19.6% |
| Operating profit (loss) | 9901 | €136,167 | €50,562 | -€85,605 | -62.9% |
| Financial income | 75/76B | €51 | €873 | +€822 | +1,599% |
| Recurring financial income | 75 | €51 | €873 | +€822 | +1,599% |
| Financial charges | 65/66B | €3,788 | €13,351 | +€9,563 | +252% |
| Recurring financial charges | 65 | €3,788 | €13,351 | +€9,563 | +252% |
| Profit (loss) for the period before taxes | 9903 | €132,430 | €38,084 | -€94,346 | -71.2% |
| Income taxes | 67/77 | €28,879 | €8,962 | -€19,917 | -69.0% |
| Profit (loss) for the period | 9904 | €103,551 | €29,122 | -€74,429 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €103,551 | €29,122 | -€74,429 | -71.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.