TECH TRADE: 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 TRADE
Largest movements
- Receivables within one year -€77,908
down €77,908 (-27.8%), from €280,528 to €202,619
of which Trade receivables: -€73,303
- Tangible fixed assets -€49,564
down €49,564 (-7.0%), from €711,906 to €662,342
of which Land and buildings: -€37,520
- Cash -€12,381
down €12,381 (-47.5%), from €26,041 to €13,660
mainly Debts after one year (-€49,263) and Tax, wage and social debts (-€44,837)
- Debts after one year -€49,263
down €49,263 (-10.5%), from €468,049 to €418,786
- Tax, wage and social debts -€44,837
down €44,837 (-86.4%), from €51,900 to €7,063
of which Remuneration and social security: -€49,305
- Other debts -€42,442
down €42,442 (-97.8%), from €43,410 to €967
- Trade debts -€21,420
down €21,420 (-13.2%), from €161,725 to €140,305
- Reserves +€16,191
up €16,191 (+7.7%), from €209,584 to €225,775
of which Distributable reserves: +€22,367
- Gross operating margin -€544,869
down €544,869 (-83.9%), from €649,410 to €104,541
- Staff costs -€543,192
down €543,192 (-95.1%), from €571,039 to €27,847
- Financial income +€12,995
new in 2025: €12,995
of which Financial income: +€12,995
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 | €1,028,398 | €885,414 | -€142,985 | -13.9% |
| Fixed assets | 21/28 | €714,406 | €664,842 | -€49,564 | -6.9% |
| Tangible fixed assets | 22/27 | €711,906 | €662,342 | -€49,564 | -7.0% |
| Land and buildings | 22 | €691,178 | €653,657 | -€37,520 | -5.4% |
| Furniture and vehicles | 24 | €17,874 | €7,388 | -€10,486 | -58.7% |
| Other tangible fixed assets | 26 | €2,854 | €1,297 | -€1,557 | -54.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €313,993 | €220,572 | -€93,421 | -29.8% |
| Stocks and contracts in progress | 3 | €5,539 | €3,901 | -€1,638 | -29.6% |
| Stocks | 30/36 | €5,539 | €3,901 | -€1,638 | -29.6% |
| Amounts receivable within one year | 40/41 | €280,528 | €202,619 | -€77,908 | -27.8% |
| Trade receivables | 40 | €260,664 | €187,360 | -€73,303 | -28.1% |
| Other amounts receivable | 41 | €19,864 | €15,259 | -€4,605 | -23.2% |
| Cash at bank and in hand | 54/58 | €26,041 | €13,660 | -€12,381 | -47.5% |
| Deferred charges and accrued income | 490/1 | €1,885 | €391 | -€1,494 | -79.3% |
| Total equity and liabilities | 10/49 | €1,028,398 | €885,414 | -€142,985 | -13.9% |
| Equity | 10/15 | €228,134 | €244,325 | +€16,191 | +7.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €209,584 | €225,775 | +€16,191 | +7.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,288 | €74,112 | -€6,176 | -7.7% |
| Distributable reserves | 133 | €127,441 | €149,808 | +€22,367 | +17.6% |
| Provisions and deferred taxes | 16 | €26,763 | €24,704 | -€2,059 | -7.7% |
| Deferred taxes | 168 | €26,763 | €24,704 | -€2,059 | -7.7% |
| Amounts payable | 17/49 | €773,502 | €616,384 | -€157,117 | -20.3% |
| Amounts payable after more than one year | 17 | €468,049 | €418,786 | -€49,263 | -10.5% |
| Financial debts | 170/4 | €468,049 | €418,786 | -€49,263 | -10.5% |
| Amounts payable within one year | 42/48 | €305,453 | €197,599 | -€107,854 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €48,418 | €49,263 | +€845 | +1.7% |
| Trade debts | 44 | €161,725 | €140,305 | -€21,420 | -13.2% |
| Suppliers | 440/4 | €161,725 | €140,305 | -€21,420 | -13.2% |
| Taxes, remuneration and social security | 45 | €51,900 | €7,063 | -€44,837 | -86.4% |
| Taxes | 450/3 | €2,595 | €7,063 | +€4,469 | +172.2% |
| Remuneration and social security | 454/9 | €49,305 | €0 | -€49,305 | -100.0% |
| Other amounts payable | 47/48 | €43,410 | €967 | -€42,442 | -97.8% |
| Remuneration, social security and pensions | 62 | €571,039 | €27,847 | -€543,192 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,133 | €49,564 | -€2,569 | -4.9% |
| Other operating charges | 640/8 | €7,055 | €6,757 | -€297 | -4.2% |
| Gross operating margin | 9900 | €649,410 | €104,541 | -€544,869 | -83.9% |
| Operating profit (loss) | 9901 | €19,184 | €20,373 | +€1,189 | +6.2% |
| Financial income | 75/76B | - | €12,995 | +€12,995 | |
| Recurring financial income | 75 | - | €12,995 | +€12,995 | |
| Non-recurring financial income | 76B | - | €12,995 | +€12,995 | |
| Financial charges | 65/66B | €10,621 | €8,628 | -€1,994 | -18.8% |
| Recurring financial charges | 65 | €10,621 | €8,628 | -€1,994 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €8,563 | €24,741 | +€16,178 | +188.9% |
| Transfer from deferred taxes | 780 | €2,059 | €2,059 | = | 0.0% |
| Income taxes | 67/77 | €7,821 | €10,609 | +€2,788 | +35.6% |
| Profit (loss) for the period | 9904 | €2,800 | €16,191 | +€13,391 | +478.2% |
| Transfer from tax-exempt reserves | 789 | €6,176 | €6,176 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,976 | €22,367 | +€13,391 | +149.2% |
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.