Tech4Rail: 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.
Tech4Rail
Largest movements
- Cash -€16,266
down €16,266 (-50.9%), from €31,975 to €15,709
mainly Other debts (-€10,000) and Net result for the year (-€7,071)
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Profit (loss) carried forward -€7,071
down €7,071 (-15.7%), from -€45,122 to -€52,194
- Trade debts +€805
up €805 (+20.6%), from €3,899 to €4,704
- Gross operating margin -€4,097
down €4,097 (-165%), from -€2,477 to -€6,574
- Other operating charges -€85
down €85 (-14.7%), from €582 to €497
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.
Derived cash bridge
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 | €32,025 | €15,759 | -€16,266 | -50.8% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €31,975 | €15,709 | -€16,266 | -50.9% |
| Cash at bank and in hand | 54/58 | €31,975 | €15,709 | -€16,266 | -50.9% |
| Total equity and liabilities | 10/49 | €32,025 | €15,759 | -€16,266 | -50.8% |
| Equity | 10/15 | €18,126 | €11,055 | -€7,071 | -39.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,748 | €1,748 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,748 | €1,748 | = | 0.0% |
| Legal reserve | 130 | €1,748 | €1,748 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,122 | -€52,194 | -€7,071 | -15.7% |
| Amounts payable | 17/49 | €13,899 | €4,704 | -€9,195 | -66.2% |
| Amounts payable within one year | 42/48 | €13,899 | €4,704 | -€9,195 | -66.2% |
| Trade debts | 44 | €3,899 | €4,704 | +€805 | +20.6% |
| Suppliers | 440/4 | €3,899 | €4,704 | +€805 | +20.6% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Other operating charges | 640/8 | €582 | €497 | -€85 | -14.7% |
| Gross operating margin | 9900 | -€2,477 | -€6,574 | -€4,097 | -165% |
| Operating profit (loss) | 9901 | -€3,060 | -€7,071 | -€4,012 | -131% |
| Financial charges | 65/66B | €0 | - | -€0 | |
| Recurring financial charges | 65 | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | -€3,060 | -€7,071 | -€4,012 | -131% |
| Profit (loss) for the period | 9904 | -€3,060 | -€7,071 | -€4,012 | -131% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,060 | -€7,071 | -€4,012 | -131% |
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 13 October 2026 via checked.be.