TECHCON GROUP: 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.
TECHCON GROUP
Largest movements
- Receivables within one year -€71,539
down €71,539 (-45.1%), from €158,794 to €87,254
of which Trade receivables: -€64,206
- Cash +€11,649
up €11,649 (+63.8%), from €18,269 to €29,918
mainly Receivables within one year (+€71,539) and Net result for the year (+€10,636)
- Trade debts -€45,845
down €45,845 (-85.8%), from €53,425 to €7,580
- Debts after one year -€21,120
down €21,120 (-26.3%), from €80,313 to €59,193
- Profit (loss) carried forward +€10,636
up €10,636 (+99.0%), from €10,744 to €21,380
- Gross operating margin -€10,697
down €10,697 (-10.5%), from €102,209 to €91,512
- Depreciation -€6,251
down €6,251 (-51.7%), from €12,095 to €5,844
- Staff costs +€5,169
up €5,169 (+9.2%), from €56,074 to €61,243
- Financial charges -€4,478
down €4,478 (-41.9%), from €10,685 to €6,207
- Other operating charges +€3,415
up €3,415 (+116.1%), from €2,943 to €6,358
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,358 | €231,633 | -€60,725 | -20.8% |
| Fixed assets | 21/28 | €18,918 | €18,133 | -€785 | -4.1% |
| Tangible fixed assets | 22/27 | €7,318 | €6,533 | -€785 | -10.7% |
| Plant, machinery and equipment | 23 | €4,526 | €6,533 | +€2,008 | +44.4% |
| Furniture and vehicles | 24 | €2,792 | €0 | -€2,792 | -100.0% |
| Financial fixed assets | 28 | €11,600 | €11,600 | = | 0.0% |
| Current assets | 29/58 | €273,440 | €213,500 | -€59,940 | -21.9% |
| Stocks and contracts in progress | 3 | €94,579 | €94,579 | = | 0.0% |
| Stocks | 30/36 | €94,579 | €94,579 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €158,794 | €87,254 | -€71,539 | -45.1% |
| Trade receivables | 40 | €87,386 | €23,180 | -€64,206 | -73.5% |
| Other amounts receivable | 41 | €71,407 | €64,074 | -€7,333 | -10.3% |
| Cash at bank and in hand | 54/58 | €18,269 | €29,918 | +€11,649 | +63.8% |
| Deferred charges and accrued income | 490/1 | €1,797 | €1,748 | -€49 | -2.7% |
| Total equity and liabilities | 10/49 | €292,358 | €231,633 | -€60,725 | -20.8% |
| Equity | 10/15 | €133,823 | €144,459 | +€10,636 | +7.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €113,080 | €113,080 | = | 0.0% |
| Distributable reserves | 133 | €113,080 | €113,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,744 | €21,380 | +€10,636 | +99.0% |
| Amounts payable | 17/49 | €158,534 | €87,174 | -€71,361 | -45.0% |
| Amounts payable after more than one year | 17 | €80,313 | €59,193 | -€21,120 | -26.3% |
| Financial debts | 170/4 | €80,313 | €59,193 | -€21,120 | -26.3% |
| Amounts payable within one year | 42/48 | €78,222 | €27,981 | -€50,241 | -64.2% |
| Current portion of amounts payable after more than one year | 42 | €22,848 | €20,060 | -€2,788 | -12.2% |
| Financial debts | 43 | €1,250 | €0 | -€1,250 | -100.0% |
| Credit institutions | 430/8 | €1,250 | €0 | -€1,250 | -100.0% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €53,425 | €7,580 | -€45,845 | -85.8% |
| Suppliers | 440/4 | €53,425 | €7,580 | -€45,845 | -85.8% |
| Taxes, remuneration and social security | 45 | €400 | €110 | -€291 | -72.6% |
| Taxes | 450/3 | €0 | €110 | +€110 | |
| Remuneration and social security | 454/9 | €400 | €0 | -€400 | -100.0% |
| Other amounts payable | 47/48 | €298 | €232 | -€67 | -22.4% |
| Remuneration, social security and pensions | 62 | €56,074 | €61,243 | +€5,169 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,095 | €5,844 | -€6,251 | -51.7% |
| Other operating charges | 640/8 | €2,943 | €6,358 | +€3,415 | +116.1% |
| Gross operating margin | 9900 | €102,209 | €91,512 | -€10,697 | -10.5% |
| Operating profit (loss) | 9901 | €31,097 | €18,067 | -€13,030 | -41.9% |
| Financial income | 75/76B | €497 | €415 | -€82 | -16.6% |
| Recurring financial income | 75 | €497 | €415 | -€82 | -16.6% |
| Financial charges | 65/66B | €10,685 | €6,207 | -€4,478 | -41.9% |
| Recurring financial charges | 65 | €10,685 | €6,207 | -€4,478 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €20,909 | €12,274 | -€8,635 | -41.3% |
| Income taxes | 67/77 | €4,441 | €1,638 | -€2,802 | -63.1% |
| Profit (loss) for the period | 9904 | €16,469 | €10,636 | -€5,833 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,469 | €10,636 | -€5,833 | -35.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.