TECH RADAR: 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 RADAR
Largest movements
- Receivables within one year +€79,833
up €79,833 (+134.4%), from €59,386 to €139,219
of which Other amounts receivable: +€58,885
- Cash -€61,952
down €61,952 (-72.6%), from €85,280 to €23,328
mainly Receivables within one year (-€79,833) and Tax, wage and social debts (-€7,360)
- Tangible fixed assets -€12,342
down €12,342 (-43.2%), from €28,600 to €16,257
- Profit (loss) carried forward +€11,059
up €11,059 (+12.7%), from €87,228 to €98,287
- Tax, wage and social debts -€7,360
down €7,360 (-14.6%), from €50,329 to €42,969
of which Taxes: -€4,787
- Debts after one year -€4,255
down €4,255 (-20.6%), from €20,618 to €16,363
- Trade debts +€3,721
up €3,721 (+43.5%), from €8,559 to €12,280
- Other debts +€3,151
new in 2024: €3,151
- Gross operating margin -€38,350
down €38,350 (-30.7%), from €124,989 to €86,639
- Taxes -€10,124
down €10,124 (-66.2%), from €15,284 to €5,160
- Other operating charges +€7,594
up €7,594 (+580.5%), from €1,308 to €8,902
- Staff costs +€6,867
up €6,867 (+13.9%), from €49,392 to €56,259
- Depreciation -€2,934
down €2,934 (-27.3%), from €10,756 to €7,823
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 | €173,266 | €178,805 | +€5,539 | +3.2% |
| Fixed assets | 21/28 | €28,600 | €16,257 | -€12,342 | -43.2% |
| Tangible fixed assets | 22/27 | €28,600 | €16,257 | -€12,342 | -43.2% |
| Furniture and vehicles | 24 | €28,600 | €16,257 | -€12,342 | -43.2% |
| Current assets | 29/58 | €144,666 | €162,547 | +€17,881 | +12.4% |
| Amounts receivable within one year | 40/41 | €59,386 | €139,219 | +€79,833 | +134.4% |
| Trade receivables | 40 | €15,326 | €36,274 | +€20,948 | +136.7% |
| Other amounts receivable | 41 | €44,061 | €102,946 | +€58,885 | +133.6% |
| Cash at bank and in hand | 54/58 | €85,280 | €23,328 | -€61,952 | -72.6% |
| Total equity and liabilities | 10/49 | €173,266 | €178,805 | +€5,539 | +3.2% |
| Equity | 10/15 | €88,728 | €99,787 | +€11,059 | +12.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,228 | €98,287 | +€11,059 | +12.7% |
| Amounts payable | 17/49 | €84,538 | €79,018 | -€5,520 | -6.5% |
| Amounts payable after more than one year | 17 | €20,618 | €16,363 | -€4,255 | -20.6% |
| Financial debts | 170/4 | €20,618 | €16,363 | -€4,255 | -20.6% |
| Amounts payable within one year | 42/48 | €63,920 | €62,654 | -€1,266 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €5,032 | €4,255 | -€777 | -15.4% |
| Trade debts | 44 | €8,559 | €12,280 | +€3,721 | +43.5% |
| Suppliers | 440/4 | €8,559 | €12,280 | +€3,721 | +43.5% |
| Taxes, remuneration and social security | 45 | €50,329 | €42,969 | -€7,360 | -14.6% |
| Taxes | 450/3 | €40,409 | €35,623 | -€4,787 | -11.8% |
| Remuneration and social security | 454/9 | €9,919 | €7,346 | -€2,574 | -25.9% |
| Other amounts payable | 47/48 | - | €3,151 | +€3,151 | |
| Remuneration, social security and pensions | 62 | €49,392 | €56,259 | +€6,867 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,756 | €7,823 | -€2,934 | -27.3% |
| Other operating charges | 640/8 | €1,308 | €8,902 | +€7,594 | +580.5% |
| Gross operating margin | 9900 | €124,989 | €86,639 | -€38,350 | -30.7% |
| Operating profit (loss) | 9901 | €63,533 | €13,656 | -€49,877 | -78.5% |
| Financial income | 75/76B | €2,269 | €5,019 | +€2,749 | +121.2% |
| Recurring financial income | 75 | €2,269 | €5,019 | +€2,749 | +121.2% |
| Financial charges | 65/66B | €407 | €2,455 | +€2,049 | +503.9% |
| Recurring financial charges | 65 | €407 | €2,455 | +€2,049 | +503.9% |
| Profit (loss) for the period before taxes | 9903 | €65,395 | €16,219 | -€49,176 | -75.2% |
| Income taxes | 67/77 | €15,284 | €5,160 | -€10,124 | -66.2% |
| Profit (loss) for the period | 9904 | €50,111 | €11,059 | -€39,052 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,111 | €11,059 | -€39,052 | -77.9% |
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 5 October 2026 via checked.be.