TECHNATION: 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.
TECHNATION
Largest movements
- Tangible fixed assets +€64,398
up €64,398 (+880.6%), from €7,313 to €71,712
of which Furniture and vehicles: +€60,535
- Current investments -€38,000
down €38,000 (-35.8%), from €106,021 to €68,021
- Receivables within one year +€26,017
up €26,017 (+181.0%), from €14,376 to €40,393
of which Other amounts receivable: +€26,943
- Cash -€25,322
down €25,322 (-20.7%), from €122,213 to €96,892
mainly Investment in fixed assets (net) (-€72,904) and Receivables within one year (-€26,017)
- Reserves +€39,631
up €39,631 (+18.7%), from €212,461 to €252,092
- Other debts -€13,661
down €13,661 (-100.0%), from €13,661 to €0
- Gross operating margin +€15,609
up €15,609 (+36.2%), from €43,147 to €58,756
- Depreciation +€6,021
up €6,021 (+242.4%), from €2,484 to €8,506
- Financial income +€4,844
up €4,844 (+3723.2%), from €130 to €4,974
- Taxes +€3,739
up €3,739 (+35.0%), from €10,698 to €14,438
- Financial charges -€2,502
down €2,502 (-94.1%), from €2,660 to €158
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
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 | €252,063 | €279,405 | +€27,343 | +10.8% |
| Fixed assets | 21/28 | €7,313 | €71,712 | +€64,398 | +880.6% |
| Tangible fixed assets | 22/27 | €7,313 | €71,712 | +€64,398 | +880.6% |
| Land and buildings | 22 | €1,282 | €5,146 | +€3,863 | +301.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,031 | €66,566 | +€60,535 | +1003.7% |
| Current assets | 29/58 | €244,749 | €207,693 | -€37,056 | -15.1% |
| Amounts receivable within one year | 40/41 | €14,376 | €40,393 | +€26,017 | +181.0% |
| Trade receivables | 40 | €12,393 | €11,467 | -€926 | -7.5% |
| Other amounts receivable | 41 | €1,983 | €28,926 | +€26,943 | +1358.7% |
| Current investments | 50/53 | €106,021 | €68,021 | -€38,000 | -35.8% |
| Cash at bank and in hand | 54/58 | €122,213 | €96,892 | -€25,322 | -20.7% |
| Deferred charges and accrued income | 490/1 | €2,139 | €2,387 | +€249 | +11.6% |
| Total equity and liabilities | 10/49 | €252,063 | €279,405 | +€27,343 | +10.8% |
| Equity | 10/15 | €232,461 | €272,092 | +€39,631 | +17.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €212,461 | €252,092 | +€39,631 | +18.7% |
| Distributable reserves | 133 | €212,461 | €252,092 | +€39,631 | +18.7% |
| Amounts payable | 17/49 | €19,602 | €7,313 | -€12,289 | -62.7% |
| Amounts payable within one year | 42/48 | €19,602 | €7,313 | -€12,289 | -62.7% |
| Trade debts | 44 | €1,666 | €1,169 | -€497 | -29.9% |
| Suppliers | 440/4 | €1,666 | €1,169 | -€497 | -29.9% |
| Taxes, remuneration and social security | 45 | €4,276 | €6,145 | +€1,869 | +43.7% |
| Taxes | 450/3 | €4,276 | €6,145 | +€1,869 | +43.7% |
| Other amounts payable | 47/48 | €13,661 | €0 | -€13,661 | -100.0% |
| Non-recurring operating income | 76A | €0 | €4,481 | +€4,481 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,484 | €8,506 | +€6,021 | +242.4% |
| Other operating charges | 640/8 | €1,009 | €997 | -€12 | -1.2% |
| Gross operating margin | 9900 | €43,147 | €58,756 | +€15,609 | +36.2% |
| Operating profit (loss) | 9901 | €39,653 | €49,253 | +€9,600 | +24.2% |
| Financial income | 75/76B | €130 | €4,974 | +€4,844 | +3723.2% |
| Recurring financial income | 75 | €130 | €4,974 | +€4,844 | +3723.2% |
| Financial charges | 65/66B | €2,660 | €158 | -€2,502 | -94.1% |
| Recurring financial charges | 65 | €2,660 | €158 | -€2,502 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | €37,123 | €54,069 | +€16,946 | +45.6% |
| Income taxes | 67/77 | €10,698 | €14,438 | +€3,739 | +35.0% |
| Profit (loss) for the period | 9904 | €26,425 | €39,631 | +€13,206 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,425 | €39,631 | +€13,206 | +50.0% |
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 3 October 2026 via checked.be.