TECHN - O - THERM: 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.
TECHN - O - THERM
Largest movements
- Tangible fixed assets -€39,522
down €39,522 (-11.4%), from €345,902 to €306,379
of which Land and buildings: -€37,590
- Trade debts -€15,229
down €15,229 (-60.2%), from €25,284 to €10,055
- Other debts -€14,695
down €14,695 (-7.3%), from €202,550 to €187,855
- Profit (loss) carried forward -€11,172
down €11,172 (-11.7%), from -€95,404 to -€106,576
- Short-term financial debts +€4,109
up €4,109 (+2.7%), from €152,616 to €156,725
- Gross operating margin +€8,984
up €8,984 (+25.0%), from €35,923 to €44,906
- Turnover +€4,213
up €4,213 (+8.6%), from €48,825 to €53,039
- Financial charges -€2,552
down €2,552 (-23.2%), from €10,977 to €8,425
- Other operating charges +€1,753
up €1,753 (+27.5%), from €6,377 to €8,130
- Purchases and services -€1,719
down €1,719 (-10.8%), from €15,992 to €14,273
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 | €348,611 | €309,479 | -€39,132 | -11.2% |
| Fixed assets | 21/28 | €346,552 | €307,029 | -€39,522 | -11.4% |
| Tangible fixed assets | 22/27 | €345,902 | €306,379 | -€39,522 | -11.4% |
| Land and buildings | 22 | €338,217 | €300,627 | -€37,590 | -11.1% |
| Furniture and vehicles | 24 | €7,684 | €5,752 | -€1,932 | -25.1% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €2,059 | €2,450 | +€391 | +19.0% |
| Amounts receivable within one year | 40/41 | €43 | €732 | +€689 | +1,590% |
| Other amounts receivable | 41 | €43 | €732 | +€689 | +1,590% |
| Cash at bank and in hand | 54/58 | €2,016 | €1,718 | -€298 | -14.8% |
| Total equity and liabilities | 10/49 | €348,611 | €309,479 | -€39,132 | -11.2% |
| Equity | 10/15 | -€35,270 | -€46,441 | -€11,172 | -31.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €29,148 | €29,148 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €26,049 | €26,049 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,404 | -€106,576 | -€11,172 | -11.7% |
| Amounts payable | 17/49 | €383,881 | €355,921 | -€27,960 | -7.3% |
| Amounts payable after more than one year | 17 | €1,156 | €0 | -€1,156 | -100% |
| Financial debts | 170/4 | €1,156 | €0 | -€1,156 | -100% |
| Amounts payable within one year | 42/48 | €382,724 | €355,792 | -€26,932 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €2,274 | €1,156 | -€1,118 | -49.2% |
| Financial debts | 43 | €152,616 | €156,725 | +€4,109 | +2.7% |
| Credit institutions | 430/8 | €152,616 | €156,725 | +€4,109 | +2.7% |
| Trade debts | 44 | €25,284 | €10,055 | -€15,229 | -60.2% |
| Suppliers | 440/4 | €25,284 | €10,055 | -€15,229 | -60.2% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €202,550 | €187,855 | -€14,695 | -7.3% |
| Accrued charges and deferred income | 492/3 | - | €129 | +€129 | |
| Turnover | 70 | €48,825 | €53,039 | +€4,213 | +8.6% |
| Non-recurring operating income | 76A | - | €5,260 | +€5,260 | |
| Goods, raw materials, services and sundry goods | 60/61 | €15,992 | €14,273 | -€1,719 | -10.8% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,628 | €39,522 | +€895 | +2.3% |
| Other operating charges | 640/8 | €6,377 | €8,130 | +€1,753 | +27.5% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €35,923 | €44,906 | +€8,984 | +25.0% |
| Operating profit (loss) | 9901 | -€9,082 | -€2,746 | +€6,336 | +69.8% |
| Financial charges | 65/66B | €10,977 | €8,425 | -€2,552 | -23.2% |
| Recurring financial charges | 65 | €10,977 | €8,425 | -€2,552 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,060 | -€11,172 | +€8,888 | +44.3% |
| Income taxes | 67/77 | €32 | €0 | -€32 | -100% |
| Profit (loss) for the period | 9904 | -€20,092 | -€11,172 | +€8,920 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,092 | -€11,172 | +€8,920 | +44.4% |
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 23 October 2026 via checked.be.