TECH PRODUCTS & SERVICES: 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 PRODUCTS & SERVICES
Largest movements
- Cash -€54,733
down €54,733 (-18.5%), from €296,019 to €241,286
mainly Stocks and contracts (-€35,650) and Investment in fixed assets (net) (-€32,216)
- Stocks and contracts +€35,650
up €35,650 (+14.3%), from €249,410 to €285,060
- Receivables within one year -€26,493
down €26,493 (-71.7%), from €36,943 to €10,450
of which Trade receivables: -€24,862
- Debts after one year -€14,677
down €14,677 (-27.1%), from €54,066 to €39,389
- Gross operating margin +€27,836
up €27,836 (+86.8%), from -€32,078 to -€4,242
- Financial income +€6,325
up €6,325 (+20.5%), from €30,849 to €37,174
- Depreciation +€5,139
up €5,139 (+31.6%), from €16,245 to €21,384
- Financial charges +€4,923
up €4,923 (+46.1%), from €10,684 to €15,607
- Other operating charges +€2,576
new in 2025: €2,576
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 | €1,360,586 | €1,338,957 | -€21,629 | -1.6% |
| Fixed assets | 21/28 | €83,174 | €94,006 | +€10,832 | +13.0% |
| Tangible fixed assets | 22/27 | €79,724 | €87,469 | +€7,745 | +9.7% |
| Land and buildings | 22 | €21,085 | €19,996 | -€1,089 | -5.2% |
| Furniture and vehicles | 24 | €58,639 | €67,473 | +€8,834 | +15.1% |
| Financial fixed assets | 28 | €3,450 | €6,538 | +€3,088 | +89.5% |
| Current assets | 29/58 | €1,277,412 | €1,244,951 | -€32,461 | -2.5% |
| Stocks and contracts in progress | 3 | €249,410 | €285,060 | +€35,650 | +14.3% |
| Stocks | 30/36 | €249,410 | €285,060 | +€35,650 | +14.3% |
| Amounts receivable within one year | 40/41 | €36,943 | €10,450 | -€26,493 | -71.7% |
| Trade receivables | 40 | €27,862 | €3,000 | -€24,862 | -89.2% |
| Other amounts receivable | 41 | €9,081 | €7,450 | -€1,631 | -18.0% |
| Current investments | 50/53 | €695,040 | €706,903 | +€11,863 | +1.7% |
| Cash at bank and in hand | 54/58 | €296,019 | €241,286 | -€54,733 | -18.5% |
| Deferred charges and accrued income | 490/1 | - | €1,253 | +€1,253 | |
| Total equity and liabilities | 10/49 | €1,360,586 | €1,338,957 | -€21,629 | -1.6% |
| Equity | 10/15 | €1,277,657 | €1,270,727 | -€6,930 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,242,302 | €1,242,302 | +€0 | 0.0% |
| Distributable reserves | 133 | €1,242,302 | €1,242,302 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €16,755 | €9,825 | -€6,930 | -41.4% |
| Amounts payable | 17/49 | €82,929 | €68,230 | -€14,699 | -17.7% |
| Amounts payable after more than one year | 17 | €54,066 | €39,389 | -€14,677 | -27.1% |
| Financial debts | 170/4 | €54,066 | €39,389 | -€14,677 | -27.1% |
| Amounts payable within one year | 42/48 | €28,863 | €28,841 | -€22 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €14,096 | €14,677 | +€581 | +4.1% |
| Trade debts | 44 | - | €2,533 | +€2,533 | |
| Suppliers | 440/4 | - | €2,533 | +€2,533 | |
| Taxes, remuneration and social security | 45 | €4,840 | €1,704 | -€3,136 | -64.8% |
| Taxes | 450/3 | €3,840 | €704 | -€3,136 | -81.7% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €9,927 | €9,927 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,245 | €21,384 | +€5,139 | +31.6% |
| Other operating charges | 640/8 | - | €2,576 | +€2,576 | |
| Gross operating margin | 9900 | -€32,078 | -€4,242 | +€27,836 | +86.8% |
| Operating profit (loss) | 9901 | -€48,323 | -€28,203 | +€20,120 | +41.6% |
| Financial income | 75/76B | €30,849 | €37,174 | +€6,325 | +20.5% |
| Recurring financial income | 75 | €30,849 | €37,174 | +€6,325 | +20.5% |
| Financial charges | 65/66B | €10,684 | €15,607 | +€4,923 | +46.1% |
| Recurring financial charges | 65 | €10,684 | €15,607 | +€4,923 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | -€28,158 | -€6,636 | +€21,522 | +76.4% |
| Income taxes | 67/77 | €269 | €294 | +€25 | +9.3% |
| Profit (loss) for the period | 9904 | -€28,427 | -€6,930 | +€21,497 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,427 | -€6,930 | +€21,497 | +75.6% |
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 9 October 2026 via checked.be.