TECHBOX VENTILATION: 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.
What changed
TECHBOX VENTILATION
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€84,556
2024 · €221,875-€137,319
Equity
€2.0m
2024 · €1.9m+€84,556
Cash
€51,074
2024 · €524,369-€473,295
Balance sheet total
€3.4m
2024 · €5.0m-€1.7m
Largest movements
Assets
- Receivables within one year -€984,624
down €984,624 (-25.4%), from €3.9m to €2.9m
of which Other amounts receivable: -€1.0m
- Cash -€473,295
down €473,295 (-90.3%), from €524,369 to €51,074
mainly Short-term financial debts (-€1.4m) and Trade debts (-€284,174)
- Deferred charges and accrued income -€88,827
down €88,827 (-42.2%), from €210,415 to €121,587
- Stocks and contracts -€75,747
down €75,747 (-23.6%), from €321,103 to €245,356
Equity and liabilities
- Short-term financial debts -€1.4m
down €1.4m (-100%), from €1.4m to €0
- Trade debts -€284,174
down €284,174 (-27.6%), from €1.0m to €745,444
- Reserves +€84,556
up €84,556 (+4.6%), from €1.9m to €1.9m
of which Distributable reserves: +€84,556
Income statement
- Turnover -€661,929
down €661,929 (-5.3%), from €12.6m to €11.9m
- Other operating charges -€435,099
down €435,099 (-26.4%), from €1.6m to €1.2m
- Other operating income -€393,011
down €393,011 (-21.5%), from €1.8m to €1.4m
- Goods and materials -€192,753
down €192,753 (-3.2%), from €6.1m to €5.9m
of which Purchases: -€221,425
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
€221,875
Turnover
-€661,929
Other operating income
-€393,011
Goods and materials
+€192,753
Services and other goods
+€42,352
Staff costs
+€125,781
Depreciation
-€215
Write-downs
-€73,395
Other operating charges
+€435,099
Other operating items
+€58,603
Financial income
+€11,351
Financial charges
+€55,496
Taxes
+€69,796
Result 2025
€84,556
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€955,428
Investment
-€12,468
Financing
-€1.4m
Cash 2024
€524,369
From operations (derived)
+€955,428
Net result for the year
+€84,556
Depreciation
+€55,034
Stocks and contracts
+€75,747
Receivables within one year
+€984,624
Deferred charges and accrued income
+€88,827
Trade debts
-€284,174
Tax, wage and social debts
-€8,618
Advances received
-€36,331
Accrued charges and deferred income
-€4,236
Investment (derived)
-€12,468
Investment in fixed assets (net)
-€12,468
Financing
-€1.4m
Debts after one year
-€16,512
Current portion of long-term debt
+€257
Short-term financial debts
-€1.4m
Cash 2025
€51,074
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,046,882 | €3,381,823 | -€1.7m | -33.0% |
| Fixed assets | 21/28 | €114,262 | €71,696 | -€42,566 | -37.3% |
| Intangible fixed assets | 21 | €4,015 | €340 | -€3,675 | -91.5% |
| Tangible fixed assets | 22/27 | €110,247 | €71,355 | -€38,891 | -35.3% |
| Plant, machinery and equipment | 23 | €20,071 | €12,569 | -€7,502 | -37.4% |
| Furniture and vehicles | 24 | €46,240 | €36,597 | -€9,643 | -20.9% |
| Leasing and similar rights | 25 | €33,736 | €17,707 | -€16,029 | -47.5% |
| Other tangible fixed assets | 26 | €10,200 | €4,483 | -€5,717 | -56.1% |
| Current assets | 29/58 | €4,932,621 | €3,310,128 | -€1.6m | -32.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €321,103 | €245,356 | -€75,747 | -23.6% |
| Stocks | 30/36 | €321,103 | €245,356 | -€75,747 | -23.6% |
| Goods purchased for resale | 34 | €321,103 | €245,356 | -€75,747 | -23.6% |
| Amounts receivable within one year | 40/41 | €3,876,734 | €2,892,110 | -€984,624 | -25.4% |
| Trade receivables | 40 | €2,614,404 | €2,672,125 | +€57,720 | +2.2% |
| Other amounts receivable | 41 | €1,262,330 | €219,986 | -€1.0m | -82.6% |
| Cash at bank and in hand | 54/58 | €524,369 | €51,074 | -€473,295 | -90.3% |
| Deferred charges and accrued income | 490/1 | €210,415 | €121,587 | -€88,827 | -42.2% |
| Total equity and liabilities | 10/49 | €5,046,882 | €3,381,823 | -€1.7m | -33.0% |
| Equity | 10/15 | €1,942,394 | €2,026,950 | +€84,556 | +4.4% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €1,857,394 | €1,941,950 | +€84,556 | +4.6% |
| Non-distributable reserves | 130/1 | €8,500 | €8,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,500 | €8,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,848,894 | €1,933,450 | +€84,556 | +4.6% |
| Amounts payable | 17/49 | €3,104,488 | €1,354,873 | -€1.7m | -56.4% |
| Amounts payable after more than one year | 17 | €17,889 | €1,376 | -€16,512 | -92.3% |
| Financial debts | 170/4 | €17,889 | €1,376 | -€16,512 | -92.3% |
| Leasing and similar obligations | 172 | €17,889 | €1,376 | -€16,512 | -92.3% |
| Amounts payable within one year | 42/48 | €3,082,363 | €1,353,497 | -€1.7m | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €16,255 | €16,512 | +€257 | +1.6% |
| Financial debts | 43 | €1,400,000 | €0 | -€1.4m | -100% |
| Credit institutions | 430/8 | €1,400,000 | €0 | -€1.4m | -100% |
| Trade debts | 44 | €1,029,619 | €745,444 | -€284,174 | -27.6% |
| Suppliers | 440/4 | €1,029,619 | €745,444 | -€284,174 | -27.6% |
| Advances received on contracts in progress | 46 | €36,331 | €0 | -€36,331 | -100% |
| Taxes, remuneration and social security | 45 | €600,158 | €591,540 | -€8,618 | -1.4% |
| Taxes | 450/3 | €95,976 | €75,000 | -€20,975 | -21.9% |
| Remuneration and social security | 454/9 | €504,183 | €516,540 | +€12,357 | +2.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,236 | €0 | -€4,236 | -100% |
| Operating income | 70/76A | €14,444,775 | €13,451,350 | -€993,425 | -6.9% |
| Turnover | 70 | €12,583,053 | €11,921,124 | -€661,929 | -5.3% |
| Other operating income | 74 | €1,825,550 | €1,432,538 | -€393,011 | -21.5% |
| Non-recurring operating income | 76A | €36,172 | €97,688 | +€61,516 | +170% |
| Operating charges | 60/66A | €13,914,225 | €13,194,762 | -€719,463 | -5.2% |
| Goods for resale, raw materials and consumables | 60 | €6,083,573 | €5,890,820 | -€192,753 | -3.2% |
| Purchases | 600/8 | €6,036,497 | €5,815,073 | -€221,425 | -3.7% |
| Change in stocks: decrease (increase) | 609 | €47,076 | €75,747 | +€28,671 | +60.9% |
| Services and other goods | 61 | €1,690,480 | €1,648,128 | -€42,352 | -2.5% |
| Remuneration, social security and pensions | 62 | €4,519,751 | €4,393,970 | -€125,781 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,819 | €55,034 | +€215 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€81,332 | -€7,937 | +€73,395 | +90.2% |
| Other operating charges | 640/8 | €1,645,891 | €1,210,793 | -€435,099 | -26.4% |
| Non-recurring operating charges | 66A | €1,042 | €3,955 | +€2,913 | +280% |
| Operating profit (loss) | 9901 | €530,551 | €256,589 | -€273,962 | -51.6% |
| Financial income | 75/76B | €11,405 | €22,756 | +€11,351 | +99.5% |
| Recurring financial income | 75 | €11,405 | €22,756 | +€11,351 | +99.5% |
| Income from financial fixed assets | 750 | €207 | €0 | -€207 | -100% |
| Income from current assets | 751 | €6,266 | €19,970 | +€13,704 | +219% |
| Other financial income | 752/9 | €4,932 | €2,786 | -€2,145 | -43.5% |
| Financial charges | 65/66B | €200,867 | €145,371 | -€55,496 | -27.6% |
| Recurring financial charges | 65 | €200,867 | €145,371 | -€55,496 | -27.6% |
| Debt charges | 650 | €121,223 | €78,157 | -€43,066 | -35.5% |
| Other financial charges | 652/9 | €79,644 | €67,213 | -€12,431 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €341,089 | €133,974 | -€207,114 | -60.7% |
| Income taxes | 67/77 | €119,214 | €49,418 | -€69,796 | -58.5% |
| Taxes | 670/3 | €119,214 | €49,418 | -€69,796 | -58.5% |
| Profit (loss) for the period | 9904 | €221,875 | €84,556 | -€137,319 | -61.9% |
| Transfer from tax-exempt reserves | 789 | €336,800 | €0 | -€336,800 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €558,675 | €84,556 | -€474,119 | -84.9% |
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 15 October 2026 via checked.be.