TECH SESSION: 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 SESSION
Largest movements
- Receivables within one year -€38,198
down €38,198 (-61.5%), from €62,096 to €23,897
of which Trade receivables: -€38,378
- Cash -€34,132
down €34,132 (-74.4%), from €45,882 to €11,750
mainly Other debts (-€48,155) and Trade debts (-€29,550)
- Tangible fixed assets -€8,301
down €8,301 (-91.4%), from €9,085 to €784
- Other debts -€48,155
down €48,155 (-26.6%), from €181,356 to €133,201
- Trade debts -€29,550
down €29,550 (-83.3%), from €35,478 to €5,928
- Tax, wage and social debts -€7,401
no longer reported in 2025 (was €7,401)
- Financial income +€12,410
up €12,410 (+1827.3%), from €679 to €13,090
- Gross operating margin -€9,003
down €9,003 (-58.3%), from €15,447 to €6,444
- Financial charges +€3,227
up €3,227 (+560.3%), from €576 to €3,803
- Depreciation -€2,504
down €2,504 (-23.2%), from €10,805 to €8,301
- Taxes +€1,967
up €1,967 (+368.3%), from €534 to €2,501
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 | €410,181 | €329,467 | -€80,714 | -19.7% |
| Fixed assets | 21/28 | €9,085 | €784 | -€8,301 | -91.4% |
| Tangible fixed assets | 22/27 | €9,085 | €784 | -€8,301 | -91.4% |
| Furniture and vehicles | 24 | €9,085 | €784 | -€8,301 | -91.4% |
| Current assets | 29/58 | €401,096 | €328,683 | -€72,413 | -18.1% |
| Amounts receivable within one year | 40/41 | €62,096 | €23,897 | -€38,198 | -61.5% |
| Trade receivables | 40 | €48,355 | €9,976 | -€38,378 | -79.4% |
| Other amounts receivable | 41 | €13,741 | €13,921 | +€180 | +1.3% |
| Current investments | 50/53 | €292,540 | €292,432 | -€107 | 0.0% |
| Cash at bank and in hand | 54/58 | €45,882 | €11,750 | -€34,132 | -74.4% |
| Deferred charges and accrued income | 490/1 | €579 | €603 | +€24 | +4.1% |
| Total equity and liabilities | 10/49 | €410,181 | €329,467 | -€80,714 | -19.7% |
| Equity | 10/15 | €185,947 | €190,339 | +€4,392 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,450 | €171,739 | +€1,289 | +0.8% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €163,450 | €164,739 | +€1,289 | +0.8% |
| Profit (loss) carried forward | 14 | -€3,103 | - | +€3,103 | |
| Amounts payable | 17/49 | €224,234 | €139,128 | -€85,106 | -38.0% |
| Amounts payable within one year | 42/48 | €224,234 | €139,128 | -€85,106 | -38.0% |
| Trade debts | 44 | €35,478 | €5,928 | -€29,550 | -83.3% |
| Suppliers | 440/4 | €35,478 | €5,928 | -€29,550 | -83.3% |
| Taxes, remuneration and social security | 45 | €7,401 | - | -€7,401 | |
| Taxes | 450/3 | €7,401 | - | -€7,401 | |
| Other amounts payable | 47/48 | €181,356 | €133,201 | -€48,155 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,805 | €8,301 | -€2,504 | -23.2% |
| Other operating charges | 640/8 | €638 | €537 | -€101 | -15.8% |
| Gross operating margin | 9900 | €15,447 | €6,444 | -€9,003 | -58.3% |
| Operating profit (loss) | 9901 | €4,004 | -€2,394 | -€6,398 | |
| Financial income | 75/76B | €679 | €13,090 | +€12,410 | +1827.3% |
| Recurring financial income | 75 | €679 | €13,090 | +€12,410 | +1827.3% |
| Financial charges | 65/66B | €576 | €3,803 | +€3,227 | +560.3% |
| Recurring financial charges | 65 | €576 | €3,803 | +€3,227 | +560.3% |
| Profit (loss) for the period before taxes | 9903 | €4,107 | €6,892 | +€2,785 | +67.8% |
| Income taxes | 67/77 | €534 | €2,501 | +€1,967 | +368.3% |
| Profit (loss) for the period | 9904 | €3,573 | €4,392 | +€819 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,573 | €4,392 | +€819 | +22.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.