TECH & TRADE: 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 & TRADE
Largest movements
- Cash -€242,937
down €242,937 (-38.2%), from €636,780 to €393,843
mainly Contributions, distributions and other (-€166,000) and Current portion of long-term debt (-€67,596)
- Stocks and contracts -€76,672
down €76,672 (-48.7%), from €157,596 to €80,924
- Receivables within one year +€44,882
up €44,882 (+23.3%), from €192,500 to €237,382
of which Trade receivables: +€39,834
- Reserves -€166,000
down €166,000 (-25.4%), from €653,254 to €487,254
of which Distributable reserves: -€166,000
- Current portion of long-term debt -€67,596
no longer reported in 2024 (was €67,596)
- Tax, wage and social debts -€35,934
down €35,934 (-62.2%), from €57,772 to €21,838
- Gross operating margin -€62,761
down €62,761 (-68.9%), from €91,101 to €28,340
- Taxes -€22,736
down €22,736 (-94.7%), from €24,006 to €1,270
- Other operating charges +€2,593
up €2,593 (+25.1%), from €10,313 to €12,906
- Financial charges +€1,382
up €1,382 (+19.1%), from €7,249 to €8,632
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 | €994,376 | €717,053 | -€277,323 | -27.9% |
| Fixed assets | 21/28 | €7,501 | €4,905 | -€2,596 | -34.6% |
| Intangible fixed assets | 21 | €499 | - | -€499 | |
| Tangible fixed assets | 22/27 | €6,822 | €4,725 | -€2,097 | -30.7% |
| Plant, machinery and equipment | 23 | €3,548 | €1,960 | -€1,587 | -44.7% |
| Furniture and vehicles | 24 | €3,274 | €2,765 | -€510 | -15.6% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €986,875 | €712,148 | -€274,727 | -27.8% |
| Stocks and contracts in progress | 3 | €157,596 | €80,924 | -€76,672 | -48.7% |
| Stocks | 30/36 | €157,596 | €80,924 | -€76,672 | -48.7% |
| Amounts receivable within one year | 40/41 | €192,500 | €237,382 | +€44,882 | +23.3% |
| Trade receivables | 40 | €189,063 | €228,897 | +€39,834 | +21.1% |
| Other amounts receivable | 41 | €3,437 | €8,485 | +€5,048 | +146.9% |
| Cash at bank and in hand | 54/58 | €636,780 | €393,843 | -€242,937 | -38.2% |
| Total equity and liabilities | 10/49 | €994,376 | €717,053 | -€277,323 | -27.9% |
| Equity | 10/15 | €855,882 | €692,850 | -€163,032 | -19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €653,254 | €487,254 | -€166,000 | -25.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €651,394 | €485,394 | -€166,000 | -25.5% |
| Profit (loss) carried forward | 14 | €196,428 | €199,396 | +€2,968 | +1.5% |
| Amounts payable | 17/49 | €138,494 | €24,203 | -€114,291 | -82.5% |
| Amounts payable within one year | 42/48 | €138,494 | €24,203 | -€114,291 | -82.5% |
| Current portion of amounts payable after more than one year | 42 | €67,596 | - | -€67,596 | |
| Trade debts | 44 | €8,145 | €2,365 | -€5,780 | -71.0% |
| Suppliers | 440/4 | €8,145 | €2,365 | -€5,780 | -71.0% |
| Taxes, remuneration and social security | 45 | €57,772 | €21,838 | -€35,934 | -62.2% |
| Taxes | 450/3 | €57,772 | €21,838 | -€35,934 | -62.2% |
| Other amounts payable | 47/48 | €4,981 | - | -€4,981 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,867 | €2,596 | -€271 | -9.4% |
| Other operating charges | 640/8 | €10,313 | €12,906 | +€2,593 | +25.1% |
| Gross operating margin | 9900 | €91,101 | €28,340 | -€62,761 | -68.9% |
| Operating profit (loss) | 9901 | €77,921 | €12,838 | -€65,083 | -83.5% |
| Financial income | 75/76B | €128 | €32 | -€96 | -75.3% |
| Recurring financial income | 75 | €128 | €32 | -€96 | -75.3% |
| Financial charges | 65/66B | €7,249 | €8,632 | +€1,382 | +19.1% |
| Recurring financial charges | 65 | €7,249 | €8,632 | +€1,382 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €70,800 | €4,238 | -€66,562 | -94.0% |
| Income taxes | 67/77 | €24,006 | €1,270 | -€22,736 | -94.7% |
| Profit (loss) for the period | 9904 | €46,794 | €2,968 | -€43,826 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,794 | €2,968 | -€43,826 | -93.7% |
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 3 October 2026 via checked.be.