TECHBOX: 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.
TECHBOX
Largest movements
- Receivables within one year -€618,087
down €618,087 (-28.7%), from €2.2m to €1.5m
of which Other amounts receivable: -€427,811
- Deferred charges and accrued income -€299,900
down €299,900 (-80.6%), from €372,250 to €72,350
- Cash +€221,559
up €221,559 (+19.4%), from €1.1m to €1.4m
mainly Receivables within one year (+€618,087) and Short-term financial debts (+€500,000)
- Intangible fixed assets +€176,387
new in 2025: €176,387
- Financial fixed assets +€130,000
up €130,000 (+1.9%), from €6.8m to €7.0m
- Other debts -€1.1m
down €1.1m (-57.0%), from €1.9m to €815,001
- Short-term financial debts +€500,000
up €500,000 (+33.3%), from €1.5m to €2.0m
- Trade debts +€234,085
up €234,085 (+2286.3%), from €10,238 to €244,324
- Accrued charges and deferred income -€106,479
down €106,479 (-56.5%), from €188,498 to €82,018
- Gross operating margin -€129,314
down €129,314 (-30.6%), from €423,082 to €293,768
- Depreciation +€47,858
up €47,858 (+1173.0%), from €4,080 to €51,938
- Other operating charges +€30,848
up €30,848 (+25.5%), from €120,899 to €151,747
- Financial income -€22,546
down €22,546 (-10.8%), from €209,099 to €186,553
- Taxes -€22,504
down €22,504 (-45.7%), from €49,278 to €26,773
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 | €10,532,088 | €10,254,963 | -€277,125 | -2.6% |
| Fixed assets | 21/28 | €6,859,233 | €7,278,537 | +€419,303 | +6.1% |
| Intangible fixed assets | 21 | - | €176,387 | +€176,387 | |
| Tangible fixed assets | 22/27 | €18,903 | €131,819 | +€112,916 | +597.3% |
| Furniture and vehicles | 24 | €17,153 | €130,069 | +€112,916 | +658.3% |
| Other tangible fixed assets | 26 | €1,750 | €1,750 | = | 0.0% |
| Financial fixed assets | 28 | €6,840,330 | €6,970,330 | +€130,000 | +1.9% |
| Current assets | 29/58 | €3,672,855 | €2,976,427 | -€696,428 | -19.0% |
| Amounts receivable within one year | 40/41 | €2,155,992 | €1,537,905 | -€618,087 | -28.7% |
| Trade receivables | 40 | €633,714 | €443,437 | -€190,276 | -30.0% |
| Other amounts receivable | 41 | €1,522,279 | €1,094,468 | -€427,811 | -28.1% |
| Cash at bank and in hand | 54/58 | €1,144,613 | €1,366,171 | +€221,559 | +19.4% |
| Deferred charges and accrued income | 490/1 | €372,250 | €72,350 | -€299,900 | -80.6% |
| Total equity and liabilities | 10/49 | €10,532,088 | €10,254,963 | -€277,125 | -2.6% |
| Equity | 10/15 | €5,675,382 | €5,733,020 | +€57,638 | +1.0% |
| Contributions | 10/11 | €4,050,000 | €4,050,000 | = | 0.0% |
| Reserves | 13 | €1,625,382 | €1,683,020 | +€57,638 | +3.5% |
| Distributable reserves | 133 | €1,625,382 | €1,683,020 | +€57,638 | +3.5% |
| Amounts payable | 17/49 | €4,856,707 | €4,521,943 | -€334,763 | -6.9% |
| Amounts payable after more than one year | 17 | €1,253,900 | €1,334,396 | +€80,496 | +6.4% |
| Financial debts | 170/4 | €1,253,900 | €80,496 | -€1.2m | -93.6% |
| Other amounts payable | 178/9 | - | €1,253,900 | +€1.3m | |
| Amounts payable within one year | 42/48 | €3,414,309 | €3,105,529 | -€308,780 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €38,504 | +€38,504 | |
| Financial debts | 43 | €1,500,000 | €2,000,000 | +€500,000 | +33.3% |
| Credit institutions | 430/8 | €1,500,000 | €2,000,000 | +€500,000 | +33.3% |
| Trade debts | 44 | €10,238 | €244,324 | +€234,085 | +2286.3% |
| Suppliers | 440/4 | €10,238 | €244,324 | +€234,085 | +2286.3% |
| Taxes, remuneration and social security | 45 | €9,133 | €7,700 | -€1,433 | -15.7% |
| Taxes | 450/3 | €9,133 | €7,700 | -€1,433 | -15.7% |
| Other amounts payable | 47/48 | €1,894,937 | €815,001 | -€1.1m | -57.0% |
| Accrued charges and deferred income | 492/3 | €188,498 | €82,018 | -€106,479 | -56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,080 | €51,938 | +€47,858 | +1173.0% |
| Other operating charges | 640/8 | €120,899 | €151,747 | +€30,848 | +25.5% |
| Gross operating margin | 9900 | €423,082 | €293,768 | -€129,314 | -30.6% |
| Operating profit (loss) | 9901 | €298,103 | €90,083 | -€208,020 | -69.8% |
| Financial income | 75/76B | €209,099 | €186,553 | -€22,546 | -10.8% |
| Recurring financial income | 75 | €209,099 | €186,553 | -€22,546 | -10.8% |
| Financial charges | 65/66B | €189,467 | €192,224 | +€2,757 | +1.5% |
| Recurring financial charges | 65 | €189,467 | €192,224 | +€2,757 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €317,735 | €84,412 | -€233,323 | -73.4% |
| Income taxes | 67/77 | €49,278 | €26,773 | -€22,504 | -45.7% |
| Profit (loss) for the period | 9904 | €268,457 | €57,638 | -€210,819 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €268,457 | €57,638 | -€210,819 | -78.5% |
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 29 September 2026 via checked.be.