TECHMAS: 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.
TECHMAS
Largest movements
- Receivables within one year +€17,077
up €17,077 (+57.3%), from €29,816 to €46,893
of which Trade receivables: +€16,948
- Other debts +€14,131
up €14,131 (+12.0%), from €118,128 to €132,259
- Gross operating margin +€49,888
up €49,888, from -€47,359 to €2,529
- Other operating charges -€1,296
down €1,296 (-38.9%), from €3,334 to €2,038
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,638 | €168,379 | +€15,741 | +10.3% |
| Current assets | 29/58 | €152,638 | €168,379 | +€15,741 | +10.3% |
| Amounts receivable after more than one year | 29 | €115,652 | €115,652 | = | 0.0% |
| Trade receivables | 290 | €115,652 | €115,652 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,816 | €46,893 | +€17,077 | +57.3% |
| Trade receivables | 40 | €28,337 | €45,285 | +€16,948 | +59.8% |
| Other amounts receivable | 41 | €1,479 | €1,608 | +€129 | +8.7% |
| Cash at bank and in hand | 54/58 | €1,920 | €584 | -€1,336 | -69.6% |
| Deferred charges and accrued income | 490/1 | €5,250 | €5,250 | = | 0.0% |
| Total equity and liabilities | 10/49 | €152,638 | €168,379 | +€15,741 | +10.3% |
| Equity | 10/15 | -€1,480 | -€2,156 | -€676 | -45.7% |
| Reserves | 13 | €50,460 | €50,460 | = | 0.0% |
| 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 | €48,600 | €48,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,940 | -€52,616 | -€676 | -1.3% |
| Amounts payable | 17/49 | €154,118 | €170,535 | +€16,417 | +10.7% |
| Amounts payable within one year | 42/48 | €151,118 | €166,335 | +€15,217 | +10.1% |
| Trade debts | 44 | €30,872 | €32,038 | +€1,166 | +3.8% |
| Suppliers | 440/4 | €30,872 | €32,038 | +€1,166 | +3.8% |
| Taxes, remuneration and social security | 45 | €2,118 | €2,038 | -€80 | -3.8% |
| Taxes | 450/3 | €2,118 | €2,038 | -€80 | -3.8% |
| Other amounts payable | 47/48 | €118,128 | €132,259 | +€14,131 | +12.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | €4,200 | +€1,200 | +40.0% |
| Non-recurring operating income | 76A | €405 | - | -€405 | |
| Other operating charges | 640/8 | €3,334 | €2,038 | -€1,296 | -38.9% |
| Gross operating margin | 9900 | -€47,359 | €2,529 | +€49,888 | |
| Operating profit (loss) | 9901 | -€50,693 | €491 | +€51,184 | |
| Financial charges | 65/66B | €199 | €188 | -€11 | -5.5% |
| Recurring financial charges | 65 | €199 | €188 | -€11 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€50,892 | €303 | +€51,195 | |
| Income taxes | 67/77 | €535 | €979 | +€444 | +83.0% |
| Profit (loss) for the period | 9904 | -€51,427 | -€676 | +€50,751 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,427 | -€676 | +€50,751 | +98.7% |
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 14 October 2026 via checked.be.