Techni Masters: 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.
What changed
Techni Masters
NACE 33.120, Repair and maintenance of machinery
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€183,865
2024 · -€214,790+€30,926
Equity
€1.0m
2024 · €1.4m-€356,691
Cash
€1,755
2024 · €246,828-€245,073
Balance sheet total
€1.7m
2024 · €2.7m-€1.0m
Largest movements
Assets
- Receivables within one year -€676,641
down €676,641 (-30.1%), from €2.3m to €1.6m
of which Trade receivables: -€390,706
- Cash -€245,073
down €245,073 (-99.3%), from €246,828 to €1,755
mainly Trade debts (-€453,246) and Net result for the year (-€183,865)
- Tangible fixed assets -€42,054
down €42,054 (-26.8%), from €156,680 to €114,626
of which Leasing and similar rights: -€39,780
- Deferred charges and accrued income -€38,241
down €38,241 (-94.9%), from €40,285 to €2,045
Equity and liabilities
- Trade debts -€453,246
down €453,246 (-74.4%), from €609,599 to €156,353
- Profit (loss) carried forward -€424,341
new in 2025: -€424,341
- Tax, wage and social debts -€154,360
down €154,360 (-30.9%), from €500,220 to €345,860
of which Remuneration and social security: -€96,553
- Contributions +€61,500
up €61,500 (+50.0%), from €123,000 to €184,500
- Debts after one year -€39,886
down €39,886 (-48.5%), from €82,181 to €42,295
Income statement
- Turnover -€1.1m
down €1.1m (-22.1%), from €5.1m to €4.0m
- Goods and materials -€888,463
down €888,463 (-66.4%), from €1.3m to €449,605
- Services and other goods -€395,835
down €395,835 (-29.5%), from €1.3m to €943,825
- Provisions +€270,400
no longer reported in 2025 (was -€270,400)
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.
Result 2024
-€214,790
Turnover
-€1.1m
Other operating income
+€16,017
Goods and materials
+€888,463
Services and other goods
+€395,835
Staff costs
+€21,981
Depreciation
-€25,189
Write-downs
-€6,977
Provisions
-€270,400
Other operating charges
+€40,075
Other operating items
+€65,865
Financial income
-€14,012
Financial charges
-€3,369
Taxes
+€47,101
Result 2025
-€183,865
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€30,393
Investment
-€63,245
Financing
-€212,221
Cash 2024
€246,828
From operations (derived)
+€30,393
Net result for the year
-€183,865
Depreciation
+€109,637
Receivables within one year
+€676,641
Deferred charges and accrued income
+€38,241
Trade debts
-€453,246
Tax, wage and social debts
-€154,360
Other debts
+€86
Accrued charges and deferred income
-€2,741
Investment (derived)
-€63,245
Investment in fixed assets (net)
-€67,583
Current investments
+€4,338
Financing
-€212,221
Debts after one year
-€39,886
Current portion of long-term debt
+€492
Contributions, distributions and other
-€172,827
Cash 2025
€1,755
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,699,004 | €1,692,658 | -€1.0m | -37.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €157,228 | €115,174 | -€42,054 | -26.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €156,680 | €114,626 | -€42,054 | -26.8% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €11,101 | €1,191 | -€9,910 | -89.3% |
| Furniture and vehicles | 24 | €535 | €8,171 | +€7,636 | +1,427% |
| Leasing and similar rights | 25 | €145,044 | €105,264 | -€39,780 | -27.4% |
| Financial fixed assets | 28 | €548 | €548 | = | 0.0% |
| Other financial fixed assets | 284/8 | €548 | €548 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €548 | €548 | = | 0.0% |
| Current assets | 29/58 | €2,541,776 | €1,577,484 | -€964,293 | -37.9% |
| Amounts receivable within one year | 40/41 | €2,250,325 | €1,573,683 | -€676,641 | -30.1% |
| Trade receivables | 40 | €1,210,041 | €819,334 | -€390,706 | -32.3% |
| Other amounts receivable | 41 | €1,040,284 | €754,349 | -€285,935 | -27.5% |
| Current investments | 50/53 | €4,338 | €0 | -€4,338 | -100% |
| Other investments | 51/53 | €4,338 | €0 | -€4,338 | -100% |
| Cash at bank and in hand | 54/58 | €246,828 | €1,755 | -€245,073 | -99.3% |
| Deferred charges and accrued income | 490/1 | €40,285 | €2,045 | -€38,241 | -94.9% |
| Total equity and liabilities | 10/49 | €2,699,004 | €1,692,658 | -€1.0m | -37.3% |
| Equity | 10/15 | €1,383,216 | €1,026,525 | -€356,691 | -25.8% |
| Contributions | 10/11 | €123,000 | €184,500 | +€61,500 | +50.0% |
| Capital | 10 | €123,000 | €184,500 | +€61,500 | +50.0% |
| Issued capital | 100 | €123,000 | €184,500 | +€61,500 | +50.0% |
| Reserves | 13 | €1,260,216 | €1,266,366 | +€6,150 | +0.5% |
| Non-distributable reserves | 130/1 | €12,300 | €18,450 | +€6,150 | +50.0% |
| Legal reserve | 130 | €12,300 | €18,450 | +€6,150 | +50.0% |
| Distributable reserves | 133 | €1,247,916 | €1,247,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€424,341 | -€424,341 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €1,315,788 | €666,133 | -€649,656 | -49.4% |
| Amounts payable after more than one year | 17 | €82,181 | €42,295 | -€39,886 | -48.5% |
| Financial debts | 170/4 | €82,181 | €42,295 | -€39,886 | -48.5% |
| Leasing and similar obligations | 172 | €82,181 | €42,295 | -€39,886 | -48.5% |
| Amounts payable within one year | 42/48 | €1,167,893 | €560,865 | -€607,028 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €52,788 | €53,281 | +€492 | +0.9% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €609,599 | €156,353 | -€453,246 | -74.4% |
| Suppliers | 440/4 | €609,599 | €156,353 | -€453,246 | -74.4% |
| Taxes, remuneration and social security | 45 | €500,220 | €345,860 | -€154,360 | -30.9% |
| Taxes | 450/3 | €114,878 | €57,071 | -€57,807 | -50.3% |
| Remuneration and social security | 454/9 | €385,342 | €288,789 | -€96,553 | -25.1% |
| Other amounts payable | 47/48 | €5,285 | €5,372 | +€86 | +1.6% |
| Accrued charges and deferred income | 492/3 | €65,714 | €62,972 | -€2,741 | -4.2% |
| Operating income | 70/76A | €5,257,717 | €4,215,133 | -€1.0m | -19.8% |
| Turnover | 70 | €5,078,437 | €3,953,971 | -€1.1m | -22.1% |
| Other operating income | 74 | €179,280 | €195,297 | +€16,017 | +8.9% |
| Non-recurring operating income | 76A | - | €65,865 | +€65,865 | |
| Operating charges | 60/66A | €5,431,523 | €4,387,734 | -€1.0m | -19.2% |
| Goods for resale, raw materials and consumables | 60 | €1,338,068 | €449,605 | -€888,463 | -66.4% |
| Purchases | 600/8 | €1,338,068 | €449,605 | -€888,463 | -66.4% |
| Services and other goods | 61 | €1,339,660 | €943,825 | -€395,835 | -29.5% |
| Remuneration, social security and pensions | 62 | €2,889,914 | €2,867,933 | -€21,981 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,448 | €109,637 | +€25,189 | +29.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,977 | - | +€6,977 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€270,400 | - | +€270,400 | |
| Other operating charges | 640/8 | €56,809 | €16,734 | -€40,075 | -70.5% |
| Operating profit (loss) | 9901 | -€173,806 | -€172,601 | +€1,205 | +0.7% |
| Financial income | 75/76B | €14,120 | €108 | -€14,012 | -99.2% |
| Recurring financial income | 75 | €14,120 | €108 | -€14,012 | -99.2% |
| Income from current assets | 751 | €1,008 | - | -€1,008 | |
| Other financial income | 752/9 | €13,112 | €108 | -€13,004 | -99.2% |
| Financial charges | 65/66B | €7,918 | €11,287 | +€3,369 | +42.5% |
| Recurring financial charges | 65 | €7,918 | €11,287 | +€3,369 | +42.5% |
| Debt charges | 650 | €5,567 | €8,304 | +€2,737 | +49.2% |
| Other financial charges | 652/9 | €2,351 | €2,983 | +€632 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | -€167,604 | -€183,780 | -€16,176 | -9.7% |
| Income taxes | 67/77 | €47,186 | €85 | -€47,101 | -99.8% |
| Taxes | 670/3 | €47,186 | €85 | -€47,101 | -99.8% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€214,790 | -€183,865 | +€30,926 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€214,790 | -€183,865 | +€30,926 | +14.4% |
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 16 October 2026 via checked.be.