TECHNET CAPITAL: 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.
TECHNET CAPITAL
Largest movements
- Financial fixed assets +€669,000
up €669,000 (+505%), from €132,386 to €801,386
- Receivables within one year -€294,639
down €294,639 (-33.1%), from €890,990 to €596,351
of which Other amounts receivable: -€423,390
- Tangible fixed assets +€116,748
up €116,748 (+1,121%), from €10,418 to €127,166
of which Plant, machinery and equipment: +€119,475
- Cash +€59,588
up €59,588 (+65.9%), from €90,487 to €150,074
mainly Net result for the year (+€512,710) and Receivables within one year (+€294,639)
- Profit (loss) carried forward +€512,710
up €512,710 (+121%), from €423,551 to €936,262
- Tax, wage and social debts +€67,428
up €67,428 (+1,354%), from €4,979 to €72,407
of which Taxes: +€67,250
- Other debts -€51,324
down €51,324 (-38.8%), from €132,368 to €81,044
- Debts after one year +€23,779
new in 2025: €23,779
- Gross operating margin +€469,726
up €469,726 (+264%), from €177,810 to €647,535
- Write-downs +€153,103
up €153,103, from -€62,268 to €90,835
- Other operating charges -€63,561
down €63,561 (-95.8%), from €66,321 to €2,760
- Depreciation -€9,981
down €9,981 (-67.7%), from €14,733 to €4,752
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 | €1,125,512 | €1,675,744 | +€550,231 | +48.9% |
| Fixed assets | 21/28 | €142,804 | €928,552 | +€785,748 | +550% |
| Tangible fixed assets | 22/27 | €10,418 | €127,166 | +€116,748 | +1,121% |
| Plant, machinery and equipment | 23 | - | €119,475 | +€119,475 | |
| Furniture and vehicles | 24 | €10,418 | €7,691 | -€2,727 | -26.2% |
| Financial fixed assets | 28 | €132,386 | €801,386 | +€669,000 | +505% |
| Current assets | 29/58 | €982,708 | €747,191 | -€235,517 | -24.0% |
| Amounts receivable within one year | 40/41 | €890,990 | €596,351 | -€294,639 | -33.1% |
| Trade receivables | 40 | €111,518 | €240,269 | +€128,751 | +115% |
| Other amounts receivable | 41 | €779,472 | €356,082 | -€423,390 | -54.3% |
| Cash at bank and in hand | 54/58 | €90,487 | €150,074 | +€59,588 | +65.9% |
| Deferred charges and accrued income | 490/1 | €1,231 | €766 | -€465 | -37.8% |
| Total equity and liabilities | 10/49 | €1,125,512 | €1,675,744 | +€550,231 | +48.9% |
| Equity | 10/15 | €969,751 | €1,482,462 | +€512,710 | +52.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €46,200 | €46,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,200 | €46,200 | = | 0.0% |
| Legal reserve | 130 | €46,200 | €46,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €423,551 | €936,262 | +€512,710 | +121% |
| Amounts payable | 17/49 | €155,761 | €193,282 | +€37,521 | +24.1% |
| Amounts payable after more than one year | 17 | - | €23,779 | +€23,779 | |
| Financial debts | 170/4 | - | €23,779 | +€23,779 | |
| Amounts payable within one year | 42/48 | €154,011 | €169,503 | +€15,492 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | - | €14,991 | +€14,991 | |
| Trade debts | 44 | €16,664 | €1,061 | -€15,603 | -93.6% |
| Suppliers | 440/4 | €16,664 | €1,061 | -€15,603 | -93.6% |
| Taxes, remuneration and social security | 45 | €4,979 | €72,407 | +€67,428 | +1,354% |
| Taxes | 450/3 | - | €67,250 | +€67,250 | |
| Remuneration and social security | 454/9 | €4,979 | €5,157 | +€178 | +3.6% |
| Other amounts payable | 47/48 | €132,368 | €81,044 | -€51,324 | -38.8% |
| Accrued charges and deferred income | 492/3 | €1,750 | - | -€1,750 | |
| Remuneration, social security and pensions | 62 | €38,834 | €35,986 | -€2,849 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,733 | €4,752 | -€9,981 | -67.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€62,268 | €90,835 | +€153,103 | |
| Other operating charges | 640/8 | €66,321 | €2,760 | -€63,561 | -95.8% |
| Gross operating margin | 9900 | €177,810 | €647,535 | +€469,726 | +264% |
| Operating profit (loss) | 9901 | €120,189 | €513,203 | +€393,014 | +327% |
| Financial income | 75/76B | €393 | €1,361 | +€968 | +246% |
| Recurring financial income | 75 | €393 | €1,361 | +€968 | +246% |
| Financial charges | 65/66B | €1,880 | €1,340 | -€540 | -28.7% |
| Recurring financial charges | 65 | €1,880 | €1,340 | -€540 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €118,702 | €513,224 | +€394,522 | +332% |
| Income taxes | 67/77 | €265 | €513 | +€249 | +94.0% |
| Profit (loss) for the period | 9904 | €118,437 | €512,710 | +€394,273 | +333% |
| Profit (loss) for the period to be appropriated | 9905 | €118,437 | €512,710 | +€394,273 | +333% |
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 25 October 2026 via checked.be.