TECH3: 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.
TECH3
Largest movements
- Stocks and contracts -€130,810
down €130,810 (-54.8%), from €238,540 to €107,730
- Cash +€99,336
up €99,336 (+102.8%), from €96,610 to €195,946
mainly Stocks and contracts (+€130,810) and Other debts (+€81,428)
- Receivables within one year +€18,644
up €18,644 (+18.4%), from €101,463 to €120,108
of which Trade receivables: +€20,875
- Tangible fixed assets -€7,823
down €7,823 (-23.0%), from €34,023 to €26,200
of which Furniture and vehicles: -€8,009
- Reserves -€83,948
down €83,948 (-62.1%), from €135,185 to €51,237
- Other debts +€81,428
up €81,428 (+1357.1%), from €6,000 to €87,428
- Tax, wage and social debts -€24,789
down €24,789 (-32.3%), from €76,790 to €52,001
of which Taxes: -€12,772
- Accrued charges and deferred income +€14,246
up €14,246 (+3705.7%), from €384 to €14,631
- Current portion of long-term debt -€7,500
down €7,500 (-12.5%), from €60,000 to €52,500
- Staff costs -€47,157
down €47,157 (-19.9%), from €237,131 to €189,975
- Gross operating margin -€32,532
down €32,532 (-11.4%), from €286,388 to €253,856
- Depreciation +€5,849
up €5,849 (+78.0%), from €7,500 to €13,349
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 | €481,242 | €460,820 | -€20,422 | -4.2% |
| Fixed assets | 21/28 | €34,884 | €27,061 | -€7,823 | -22.4% |
| Tangible fixed assets | 22/27 | €34,023 | €26,200 | -€7,823 | -23.0% |
| Furniture and vehicles | 24 | €27,784 | €19,776 | -€8,009 | -28.8% |
| Other tangible fixed assets | 26 | €6,239 | €6,424 | +€185 | +3.0% |
| Financial fixed assets | 28 | €861 | €861 | = | 0.0% |
| Current assets | 29/58 | €446,358 | €433,759 | -€12,599 | -2.8% |
| Stocks and contracts in progress | 3 | €238,540 | €107,730 | -€130,810 | -54.8% |
| Contracts in progress | 37 | €238,540 | €107,730 | -€130,810 | -54.8% |
| Amounts receivable within one year | 40/41 | €101,463 | €120,108 | +€18,644 | +18.4% |
| Trade receivables | 40 | €99,072 | €119,946 | +€20,875 | +21.1% |
| Other amounts receivable | 41 | €2,392 | €161 | -€2,230 | -93.3% |
| Cash at bank and in hand | 54/58 | €96,610 | €195,946 | +€99,336 | +102.8% |
| Deferred charges and accrued income | 490/1 | €9,745 | €9,976 | +€231 | +2.4% |
| Total equity and liabilities | 10/49 | €481,242 | €460,820 | -€20,422 | -4.2% |
| Equity | 10/15 | €167,837 | €83,889 | -€83,948 | -50.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €135,185 | €51,237 | -€83,948 | -62.1% |
| Distributable reserves | 133 | €135,185 | €51,237 | -€83,948 | -62.1% |
| Profit (loss) carried forward | 14 | €20,252 | €20,252 | = | 0.0% |
| Amounts payable | 17/49 | €313,405 | €376,931 | +€63,526 | +20.3% |
| Amounts payable within one year | 42/48 | €313,021 | €362,301 | +€49,280 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €52,500 | -€7,500 | -12.5% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Other loans | 439 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €20,231 | €20,371 | +€140 | +0.7% |
| Suppliers | 440/4 | €20,231 | €20,371 | +€140 | +0.7% |
| Taxes, remuneration and social security | 45 | €76,790 | €52,001 | -€24,789 | -32.3% |
| Taxes | 450/3 | €41,021 | €28,249 | -€12,772 | -31.1% |
| Remuneration and social security | 454/9 | €35,769 | €23,751 | -€12,017 | -33.6% |
| Other amounts payable | 47/48 | €6,000 | €87,428 | +€81,428 | +1357.1% |
| Accrued charges and deferred income | 492/3 | €384 | €14,631 | +€14,246 | +3705.7% |
| Non-recurring operating income | 76A | - | €2,460 | +€2,460 | |
| Remuneration, social security and pensions | 62 | €237,131 | €189,975 | -€47,157 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,500 | €13,349 | +€5,849 | +78.0% |
| Other operating charges | 640/8 | €2,066 | €2,245 | +€179 | +8.6% |
| Non-recurring operating charges | 66A | €0 | €445 | +€445 | |
| Gross operating margin | 9900 | €286,388 | €253,856 | -€32,532 | -11.4% |
| Operating profit (loss) | 9901 | €39,690 | €47,843 | +€8,152 | +20.5% |
| Financial income | 75/76B | €125 | €1 | -€124 | -99.3% |
| Recurring financial income | 75 | €125 | €1 | -€124 | -99.3% |
| Financial charges | 65/66B | €11,589 | €9,837 | -€1,752 | -15.1% |
| Recurring financial charges | 65 | €11,589 | €9,837 | -€1,752 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €28,227 | €38,007 | +€9,780 | +34.6% |
| Income taxes | 67/77 | €10,401 | €12,890 | +€2,488 | +23.9% |
| Profit (loss) for the period | 9904 | €17,825 | €25,117 | +€7,292 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,825 | €25,117 | +€7,292 | +40.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.