TECHBOX HEATING: 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.
What changed
TECHBOX HEATING
NACE 43.221, Plumbing work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€371,929
2024 · €460,592-€88,664
Equity
€672,714
2024 · €300,785+€371,929
Cash
€3,221
2024 · €12,621-€9,399
Balance sheet total
€4.4m
2024 · €5.2m-€821,563
Largest movements
Assets
- Receivables within one year -€947,389
down €947,389 (-22.5%), from €4.2m to €3.3m
of which Trade receivables: -€1.0m
- Deferred charges and accrued income +€161,675
up €161,675 (+111.4%), from €145,137 to €306,812
- Stocks and contracts +€68,068
up €68,068 (+12.6%), from €541,657 to €609,724
- Tangible fixed assets -€62,745
down €62,745 (-37.5%), from €167,527 to €104,782
Equity and liabilities
- Other debts -€870,409
down €870,409 (-57.9%), from €1.5m to €632,861
- Profit (loss) carried forward +€371,929
up €371,929 (+57.3%), from -€649,615 to -€277,686
- Accrued charges and deferred income -€271,565
down €271,565 (-95.9%), from €283,051 to €11,486
- Trade debts -€68,434
down €68,434 (-4.9%), from €1.4m to €1.3m
Income statement
- Other operating charges -€1.1m
down €1.1m (-34.5%), from €3.2m to €2.1m
- Gross operating margin -€1.0m
down €1.0m (-16.8%), from €6.1m to €5.1m
- Staff costs +€104,224
up €104,224 (+4.9%), from €2.1m to €2.2m
- Taxes +€96,352
up €96,352 (+3458.7%), from €2,786 to €99,138
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.
Result 2024
€460,592
Gross operating margin
-€1.0m
Staff costs
-€104,224
Depreciation
-€6,978
Write-downs
-€6,716
Other operating charges
+€1.1m
Other operating items
+€918
Financial income
+€34,375
Financial charges
+€2,678
Taxes
-€96,352
Result 2025
€371,929
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.
From operations
-€1,285
Investment
-€2,861
Financing
-€5,253
Cash 2024
€12,621
From operations (derived)
-€1,285
Net result for the year
+€371,929
Depreciation
+€97,378
Stocks and contracts
-€68,068
Receivables within one year
+€947,389
Deferred charges and accrued income
-€161,675
Trade debts
-€68,434
Tax, wage and social debts
+€22,169
Other debts
-€870,409
Accrued charges and deferred income
-€271,565
Investment (derived)
-€2,861
Investment in fixed assets (net)
-€2,861
Financing
-€5,253
Debts after one year
-€5,343
Current portion of long-term debt
+€89
Cash 2025
€3,221
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,203,320 | €4,381,757 | -€821,563 | -15.8% |
| Fixed assets | 21/28 | €289,619 | €195,102 | -€94,517 | -32.6% |
| Intangible fixed assets | 21 | €121,930 | €90,282 | -€31,647 | -26.0% |
| Tangible fixed assets | 22/27 | €167,527 | €104,782 | -€62,745 | -37.5% |
| Land and buildings | 22 | €37,502 | €23,855 | -€13,647 | -36.4% |
| Plant, machinery and equipment | 23 | €61,925 | €36,431 | -€25,494 | -41.2% |
| Furniture and vehicles | 24 | €53,904 | €35,967 | -€17,937 | -33.3% |
| Leasing and similar rights | 25 | €11,328 | €6,146 | -€5,181 | -45.7% |
| Other tangible fixed assets | 26 | €2,868 | €2,382 | -€486 | -16.9% |
| Financial fixed assets | 28 | €163 | €38 | -€125 | -76.7% |
| Current assets | 29/58 | €4,913,701 | €4,186,655 | -€727,046 | -14.8% |
| Stocks and contracts in progress | 3 | €541,657 | €609,724 | +€68,068 | +12.6% |
| Stocks | 30/36 | €541,657 | €609,724 | +€68,068 | +12.6% |
| Amounts receivable within one year | 40/41 | €4,214,286 | €3,266,897 | -€947,389 | -22.5% |
| Trade receivables | 40 | €4,034,998 | €3,004,616 | -€1.0m | -25.5% |
| Other amounts receivable | 41 | €179,288 | €262,281 | +€82,993 | +46.3% |
| Cash at bank and in hand | 54/58 | €12,621 | €3,221 | -€9,399 | -74.5% |
| Deferred charges and accrued income | 490/1 | €145,137 | €306,812 | +€161,675 | +111.4% |
| Total equity and liabilities | 10/49 | €5,203,320 | €4,381,757 | -€821,563 | -15.8% |
| Equity | 10/15 | €300,785 | €672,714 | +€371,929 | +123.7% |
| Contributions | 10/11 | €950,400 | €950,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€649,615 | -€277,686 | +€371,929 | +57.3% |
| Amounts payable | 17/49 | €4,902,535 | €3,709,043 | -€1.2m | -24.3% |
| Amounts payable after more than one year | 17 | €1,491,242 | €1,485,899 | -€5,343 | -0.4% |
| Financial debts | 170/4 | €1,491,242 | €1,485,899 | -€5,343 | -0.4% |
| Amounts payable within one year | 42/48 | €3,128,242 | €2,211,658 | -€916,584 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €5,253 | €5,343 | +€89 | +1.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,388,647 | €1,320,213 | -€68,434 | -4.9% |
| Suppliers | 440/4 | €1,388,647 | €1,320,213 | -€68,434 | -4.9% |
| Taxes, remuneration and social security | 45 | €231,072 | €253,240 | +€22,169 | +9.6% |
| Taxes | 450/3 | €31,478 | €36,423 | +€4,945 | +15.7% |
| Remuneration and social security | 454/9 | €199,593 | €216,817 | +€17,224 | +8.6% |
| Other amounts payable | 47/48 | €1,503,270 | €632,861 | -€870,409 | -57.9% |
| Accrued charges and deferred income | 492/3 | €283,051 | €11,486 | -€271,565 | -95.9% |
| Non-recurring operating income | 76A | €113,481 | €84,598 | -€28,883 | -25.5% |
| Remuneration, social security and pensions | 62 | €2,128,158 | €2,232,382 | +€104,224 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,400 | €97,378 | +€6,978 | +7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,716 | +€6,716 | |
| Other operating charges | 640/8 | €3,225,552 | €2,111,829 | -€1.1m | -34.5% |
| Non-recurring operating charges | 66A | €1,587 | €668 | -€918 | -57.9% |
| Gross operating margin | 9900 | €6,125,414 | €5,099,325 | -€1.0m | -16.8% |
| Operating profit (loss) | 9901 | €679,717 | €650,352 | -€29,365 | -4.3% |
| Financial income | 75/76B | €2,285 | €36,660 | +€34,375 | +1504.2% |
| Recurring financial income | 75 | €2,285 | €36,660 | +€34,375 | +1504.2% |
| Financial charges | 65/66B | €218,624 | €215,946 | -€2,678 | -1.2% |
| Recurring financial charges | 65 | €218,624 | €215,946 | -€2,678 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €463,378 | €471,066 | +€7,688 | +1.7% |
| Income taxes | 67/77 | €2,786 | €99,138 | +€96,352 | +3458.7% |
| Profit (loss) for the period | 9904 | €460,592 | €371,929 | -€88,664 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €460,592 | €371,929 | -€88,664 | -19.2% |
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 1 October 2026 via checked.be.