Technibel: 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.
Technibel
Largest movements
- Cash +€117,616
up €117,616 (+1120.2%), from €10,499 to €128,115
mainly Receivables within one year (+€66,534) and Net result for the year (+€53,352)
- Receivables within one year -€66,534
down €66,534 (-70.4%), from €94,459 to €27,925
of which Trade receivables: -€65,101
- Tangible fixed assets +€3,608
up €3,608 (+5.5%), from €65,319 to €68,928
of which Land and buildings: +€3,828
- Stocks and contracts -€3,333
down €3,333 (-29.6%), from €11,255 to €7,922
- Profit (loss) carried forward +€53,352
up €53,352 (+54.4%), from €98,146 to €151,498
- Trade debts -€9,285
down €9,285 (-91.5%), from €10,152 to €867
- Tax, wage and social debts +€8,891
up €8,891 (+1247.2%), from €713 to €9,604
- Gross operating margin +€49,736
up €49,736 (+137.9%), from €36,066 to €85,802
- Taxes +€13,733
up €13,733 (+226.2%), from €6,072 to €19,805
- Depreciation -€965
down €965 (-19.6%), from €4,929 to €3,965
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 | €191,696 | €243,448 | +€51,752 | +27.0% |
| Fixed assets | 21/28 | €65,319 | €68,928 | +€3,608 | +5.5% |
| Tangible fixed assets | 22/27 | €65,319 | €68,928 | +€3,608 | +5.5% |
| Land and buildings | 22 | €57,269 | €61,096 | +€3,828 | +6.7% |
| Plant, machinery and equipment | 23 | €8,051 | €7,831 | -€219 | -2.7% |
| Current assets | 29/58 | €126,377 | €174,520 | +€48,143 | +38.1% |
| Stocks and contracts in progress | 3 | €11,255 | €7,922 | -€3,333 | -29.6% |
| Stocks | 30/36 | €11,255 | €7,922 | -€3,333 | -29.6% |
| Amounts receivable within one year | 40/41 | €94,459 | €27,925 | -€66,534 | -70.4% |
| Trade receivables | 40 | €83,963 | €18,862 | -€65,101 | -77.5% |
| Other amounts receivable | 41 | €10,496 | €9,063 | -€1,433 | -13.7% |
| Cash at bank and in hand | 54/58 | €10,499 | €128,115 | +€117,616 | +1120.2% |
| Deferred charges and accrued income | 490/1 | €10,164 | €10,558 | +€394 | +3.9% |
| Total equity and liabilities | 10/49 | €191,696 | €243,448 | +€51,752 | +27.0% |
| Equity | 10/15 | €179,624 | €232,976 | +€53,352 | +29.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €62,887 | €62,887 | = | 0.0% |
| Distributable reserves | 133 | €62,887 | €62,887 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,146 | €151,498 | +€53,352 | +54.4% |
| Amounts payable | 17/49 | €12,072 | €10,472 | -€1,600 | -13.3% |
| Amounts payable within one year | 42/48 | €12,072 | €10,472 | -€1,600 | -13.3% |
| Trade debts | 44 | €10,152 | €867 | -€9,285 | -91.5% |
| Suppliers | 440/4 | €10,152 | €867 | -€9,285 | -91.5% |
| Taxes, remuneration and social security | 45 | €713 | €9,604 | +€8,891 | +1247.2% |
| Taxes | 450/3 | €713 | €9,604 | +€8,891 | +1247.2% |
| Other amounts payable | 47/48 | €1,207 | - | -€1,207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,929 | €3,965 | -€965 | -19.6% |
| Other operating charges | 640/8 | €8,116 | €8,284 | +€167 | +2.1% |
| Gross operating margin | 9900 | €36,066 | €85,802 | +€49,736 | +137.9% |
| Operating profit (loss) | 9901 | €23,020 | €73,554 | +€50,533 | +219.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | +1181.3% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +1181.3% |
| Financial charges | 65/66B | €434 | €398 | -€36 | -8.2% |
| Recurring financial charges | 65 | €434 | €398 | -€36 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €22,586 | €73,157 | +€50,571 | +223.9% |
| Income taxes | 67/77 | €6,072 | €19,805 | +€13,733 | +226.2% |
| Profit (loss) for the period | 9904 | €16,514 | €53,352 | +€36,838 | +223.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,514 | €53,352 | +€36,838 | +223.1% |
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 4 October 2026 via checked.be.