TechIT.be: 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.
TechIT.be
Largest movements
- Tangible fixed assets +€304,257
up €304,257 (+316.1%), from €96,253 to €400,510
of which Furniture and vehicles: +€310,147
- Cash +€192,928
up €192,928 (+211.2%), from €91,331 to €284,259
mainly Net result for the year (+€227,778) and Debts after one year (+€198,398)
- Receivables within one year +€150,964
up €150,964 (+40.5%), from €373,131 to €524,094
of which Trade receivables: +€122,155
- Deferred charges and accrued income +€25,745
up €25,745 (+98.9%), from €26,025 to €51,769
- Profit (loss) carried forward +€227,778
up €227,778 (+90.8%), from €250,988 to €478,766
- Debts after one year +€198,398
up €198,398 (+98.1%), from €202,173 to €400,571
- Current portion of long-term debt +€133,065
up €133,065 (+82.2%), from €161,877 to €294,942
- Reserves -€81,818
down €81,818 (-25.0%), from €327,345 to €245,527
of which Distributable reserves: -€81,818
- Trade debts +€81,334
up €81,334 (+19.1%), from €424,891 to €506,225
- Gross operating margin +€339,475
up €339,475 (+47.0%), from €721,761 to €1.1m
- Staff costs +€142,282
up €142,282 (+30.5%), from €466,354 to €608,636
- Depreciation +€44,392
up €44,392 (+64.8%), from €68,457 to €112,849
- Taxes +€31,965
up €31,965 (+72.3%), from €44,227 to €76,192
- Financial income -€13,168
down €13,168 (-99.8%), from €13,200 to €31
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 | €1,444,774 | €2,104,676 | +€659,902 | +45.7% |
| Formation expenses | 20 | €151,043 | €149,058 | -€1,985 | -1.3% |
| Fixed assets | 21/28 | €672,794 | €984,890 | +€312,095 | +46.4% |
| Tangible fixed assets | 22/27 | €96,253 | €400,510 | +€304,257 | +316.1% |
| Plant, machinery and equipment | 23 | €9,724 | €3,834 | -€5,890 | -60.6% |
| Furniture and vehicles | 24 | €86,529 | €396,677 | +€310,147 | +358.4% |
| Financial fixed assets | 28 | €576,541 | €584,379 | +€7,838 | +1.4% |
| Current assets | 29/58 | €620,936 | €970,728 | +€349,792 | +56.3% |
| Stocks and contracts in progress | 3 | €130,450 | €110,605 | -€19,845 | -15.2% |
| Stocks | 30/36 | €130,450 | €110,605 | -€19,845 | -15.2% |
| Amounts receivable within one year | 40/41 | €373,131 | €524,094 | +€150,964 | +40.5% |
| Trade receivables | 40 | €359,564 | €481,719 | +€122,155 | +34.0% |
| Other amounts receivable | 41 | €13,567 | €42,375 | +€28,809 | +212.3% |
| Cash at bank and in hand | 54/58 | €91,331 | €284,259 | +€192,928 | +211.2% |
| Deferred charges and accrued income | 490/1 | €26,025 | €51,769 | +€25,745 | +98.9% |
| Total equity and liabilities | 10/49 | €1,444,774 | €2,104,676 | +€659,902 | +45.7% |
| Equity | 10/15 | €596,933 | €742,892 | +€145,959 | +24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,345 | €245,527 | -€81,818 | -25.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €325,485 | €243,667 | -€81,818 | -25.1% |
| Profit (loss) carried forward | 14 | €250,988 | €478,766 | +€227,778 | +90.8% |
| Amounts payable | 17/49 | €847,841 | €1,361,784 | +€513,942 | +60.6% |
| Amounts payable after more than one year | 17 | €202,173 | €400,571 | +€198,398 | +98.1% |
| Financial debts | 170/4 | €202,173 | €400,571 | +€198,398 | +98.1% |
| Amounts payable within one year | 42/48 | €645,668 | €961,213 | +€315,545 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | €161,877 | €294,942 | +€133,065 | +82.2% |
| Trade debts | 44 | €424,891 | €506,225 | +€81,334 | +19.1% |
| Suppliers | 440/4 | €424,891 | €506,225 | +€81,334 | +19.1% |
| Taxes, remuneration and social security | 45 | €58,900 | €82,318 | +€23,418 | +39.8% |
| Taxes | 450/3 | €3,168 | €4,091 | +€923 | +29.1% |
| Remuneration and social security | 454/9 | €55,732 | €78,227 | +€22,495 | +40.4% |
| Other amounts payable | 47/48 | - | €77,727 | +€77,727 | |
| Non-recurring operating income | 76A | €39,120 | - | -€39,120 | |
| Remuneration, social security and pensions | 62 | €466,354 | €608,636 | +€142,282 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,457 | €112,849 | +€44,392 | +64.8% |
| Other operating charges | 640/8 | €6,663 | €7,811 | +€1,148 | +17.2% |
| Gross operating margin | 9900 | €721,761 | €1,061,236 | +€339,475 | +47.0% |
| Operating profit (loss) | 9901 | €180,288 | €331,940 | +€151,652 | +84.1% |
| Financial income | 75/76B | €13,200 | €31 | -€13,168 | -99.8% |
| Recurring financial income | 75 | €13,200 | €31 | -€13,168 | -99.8% |
| Financial charges | 65/66B | €21,352 | €28,002 | +€6,651 | +31.1% |
| Recurring financial charges | 65 | €21,352 | €28,002 | +€6,651 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €172,136 | €303,969 | +€131,833 | +76.6% |
| Income taxes | 67/77 | €44,227 | €76,192 | +€31,965 | +72.3% |
| Profit (loss) for the period | 9904 | €127,909 | €227,778 | +€99,869 | +78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €127,909 | €227,778 | +€99,869 | +78.1% |
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 28 September 2026 via checked.be.