TECHBAT: 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.
TECHBAT
Largest movements
- Stocks and contracts +€85,811
up €85,811 (+196.5%), from €43,673 to €129,484
- Tangible fixed assets +€46,579
up €46,579 (+349.5%), from €13,326 to €59,905
of which Furniture and vehicles: +€48,499
- Cash +€5,659
up €5,659 (+44.0%), from €12,854 to €18,513
mainly Other debts (+€166,279) and Net result for the year (+€36,370)
- Other debts +€166,279
new in 2025: €166,279
- Tax, wage and social debts -€39,872
down €39,872 (-35.1%), from €113,590 to €73,718
of which Remuneration and social security: -€46,753
- Profit (loss) carried forward +€36,370
up €36,370 (+139.5%), from €26,081 to €62,450
- Trade debts -€17,095
down €17,095 (-14.2%), from €120,609 to €103,514
- Current portion of long-term debt -€4,572
no longer reported in 2025 (was €4,572)
- Gross operating margin +€24,652
up €24,652 (+4.1%), from €595,347 to €619,999
- Staff costs +€17,047
up €17,047 (+3.2%), from €539,612 to €556,659
- Turnover -€14,010
down €14,010 (-1.2%), from €1.2m to €1.1m
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 | €284,740 | €425,850 | +€141,110 | +49.6% |
| Fixed assets | 21/28 | €17,931 | €64,511 | +€46,579 | +259.8% |
| Tangible fixed assets | 22/27 | €13,326 | €59,905 | +€46,579 | +349.5% |
| Furniture and vehicles | 24 | €6,671 | €55,171 | +€48,499 | +727.0% |
| Other tangible fixed assets | 26 | €6,654 | €4,734 | -€1,920 | -28.9% |
| Financial fixed assets | 28 | €4,606 | €4,606 | = | 0.0% |
| Current assets | 29/58 | €266,809 | €361,339 | +€94,531 | +35.4% |
| Amounts receivable after more than one year | 29 | €17,712 | €17,712 | = | 0.0% |
| Trade receivables | 290 | €17,712 | €17,712 | = | 0.0% |
| Stocks and contracts in progress | 3 | €43,673 | €129,484 | +€85,811 | +196.5% |
| Contracts in progress | 37 | €43,673 | €129,484 | +€85,811 | +196.5% |
| Amounts receivable within one year | 40/41 | €182,344 | €183,988 | +€1,644 | +0.9% |
| Trade receivables | 40 | €177,496 | €164,734 | -€12,762 | -7.2% |
| Other amounts receivable | 41 | €4,848 | €19,254 | +€14,406 | +297.1% |
| Cash at bank and in hand | 54/58 | €12,854 | €18,513 | +€5,659 | +44.0% |
| Deferred charges and accrued income | 490/1 | €10,226 | €11,643 | +€1,417 | +13.9% |
| Total equity and liabilities | 10/49 | €284,740 | €425,850 | +€141,110 | +49.6% |
| Equity | 10/15 | €45,968 | €82,338 | +€36,370 | +79.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,288 | €1,288 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,288 | €1,288 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,288 | €1,288 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,081 | €62,450 | +€36,370 | +139.5% |
| Amounts payable | 17/49 | €238,771 | €343,512 | +€104,740 | +43.9% |
| Amounts payable within one year | 42/48 | €238,771 | €343,512 | +€104,740 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €4,572 | - | -€4,572 | |
| Trade debts | 44 | €120,609 | €103,514 | -€17,095 | -14.2% |
| Suppliers | 440/4 | €120,609 | €103,514 | -€17,095 | -14.2% |
| Taxes, remuneration and social security | 45 | €113,590 | €73,718 | -€39,872 | -35.1% |
| Taxes | 450/3 | €4,596 | €11,477 | +€6,882 | +149.7% |
| Remuneration and social security | 454/9 | €108,994 | €62,241 | -€46,753 | -42.9% |
| Other amounts payable | 47/48 | - | €166,279 | +€166,279 | |
| Turnover | 70 | €1,162,669 | €1,148,658 | -€14,010 | -1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €613,896 | €617,930 | +€4,034 | +0.7% |
| Remuneration, social security and pensions | 62 | €539,612 | €556,659 | +€17,047 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,439 | €8,836 | +€3,397 | +62.5% |
| Other operating charges | 640/8 | €3,814 | €5,984 | +€2,170 | +56.9% |
| Gross operating margin | 9900 | €595,347 | €619,999 | +€24,652 | +4.1% |
| Operating profit (loss) | 9901 | €46,483 | €48,520 | +€2,037 | +4.4% |
| Financial charges | 65/66B | €4,710 | €1,737 | -€2,973 | -63.1% |
| Recurring financial charges | 65 | €4,710 | €1,737 | -€2,973 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | €41,773 | €46,783 | +€5,011 | +12.0% |
| Income taxes | 67/77 | €4,222 | €10,414 | +€6,191 | +146.6% |
| Profit (loss) for the period | 9904 | €37,550 | €36,370 | -€1,181 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,550 | €36,370 | -€1,181 | -3.1% |
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 30 September 2026 via checked.be.