TECHLOG ZEDELGEM: 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.
TECHLOG ZEDELGEM
Largest movements
- Receivables within one year -€56,812
down €56,812 (-62.9%), from €90,262 to €33,450
- Trade debts -€836,969
down €836,969 (-93.2%), from €898,341 to €61,371
- Debts after one year +€735,333
up €735,333 (+50.3%), from €1.5m to €2.2m
of which Other amounts payable: +€850,000
- Financial charges -€33,235
down €33,235 (-27.2%), from €122,121 to €88,887
- Gross operating margin -€30,896
down €30,896 (-17.9%), from €172,502 to €141,606
- Depreciation +€2,950
up €2,950 (+10.1%), from €29,152 to €32,102
- Taxes -€2,031
down €2,031 (-61.4%), from €3,308 to €1,277
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,511,677 | €2,422,580 | -€89,096 | -3.5% |
| Fixed assets | 21/28 | €2,421,415 | €2,388,938 | -€32,477 | -1.3% |
| Tangible fixed assets | 22/27 | €2,402,598 | €2,387,621 | -€14,977 | -0.6% |
| Land and buildings | 22 | €2,393,608 | €2,377,636 | -€15,973 | -0.7% |
| Furniture and vehicles | 24 | €8,989 | €9,985 | +€996 | +11.1% |
| Financial fixed assets | 28 | €18,817 | €1,317 | -€17,500 | -93.0% |
| Current assets | 29/58 | €90,262 | €33,642 | -€56,620 | -62.7% |
| Amounts receivable within one year | 40/41 | €90,262 | €33,450 | -€56,812 | -62.9% |
| Trade receivables | 40 | €90,262 | €33,450 | -€56,812 | -62.9% |
| Deferred charges and accrued income | 490/1 | - | €193 | +€193 | |
| Total equity and liabilities | 10/49 | €2,511,677 | €2,422,580 | -€89,096 | -3.5% |
| Equity | 10/15 | €31,957 | €41,308 | +€9,351 | +29.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €6,957 | €16,308 | +€9,351 | +134.4% |
| Distributable reserves | 133 | €6,957 | €16,308 | +€9,351 | +134.4% |
| Amounts payable | 17/49 | €2,479,719 | €2,381,272 | -€98,447 | -4.0% |
| Amounts payable after more than one year | 17 | €1,461,996 | €2,197,329 | +€735,333 | +50.3% |
| Financial debts | 170/4 | €1,461,996 | €1,347,329 | -€114,667 | -7.8% |
| Other amounts payable | 178/9 | - | €850,000 | +€850,000 | |
| Amounts payable within one year | 42/48 | €1,017,723 | €183,943 | -€833,780 | -81.9% |
| Current portion of amounts payable after more than one year | 42 | €114,667 | €114,667 | = | 0.0% |
| Financial debts | 43 | - | €3,000 | +€3,000 | |
| Credit institutions | 430/8 | - | €3,000 | +€3,000 | |
| Trade debts | 44 | €898,341 | €61,371 | -€836,969 | -93.2% |
| Suppliers | 440/4 | €898,341 | €61,371 | -€836,969 | -93.2% |
| Taxes, remuneration and social security | 45 | €4,716 | €4,905 | +€189 | +4.0% |
| Taxes | 450/3 | €4,716 | €4,905 | +€189 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,152 | €32,102 | +€2,950 | +10.1% |
| Other operating charges | 640/8 | €9,108 | €9,990 | +€882 | +9.7% |
| Gross operating margin | 9900 | €172,502 | €141,606 | -€30,896 | -17.9% |
| Operating profit (loss) | 9901 | €134,242 | €99,514 | -€34,728 | -25.9% |
| Financial income | 75/76B | €17 | €0 | -€16 | -98.9% |
| Recurring financial income | 75 | €17 | €0 | -€16 | -98.9% |
| Financial charges | 65/66B | €122,121 | €88,887 | -€33,235 | -27.2% |
| Recurring financial charges | 65 | €122,121 | €88,887 | -€33,235 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €12,138 | €10,628 | -€1,510 | -12.4% |
| Income taxes | 67/77 | €3,308 | €1,277 | -€2,031 | -61.4% |
| Profit (loss) for the period | 9904 | €8,830 | €9,351 | +€520 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,830 | €9,351 | +€520 | +5.9% |
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 5 October 2026 via checked.be.