TECHNIC ONE: 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.
TECHNIC ONE
Largest movements
- Stocks and contracts -€3.0m
down €3.0m (-72.7%), from €4.1m to €1.1m
of which Contracts in progress: -€3.6m
- Cash -€554,861
down €554,861 (-91.4%), from €606,819 to €51,958
- Financial fixed assets -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Tangible fixed assets -€318,352
down €318,352 (-24.0%), from €1.3m to €1.0m
of which Land and buildings: -€182,010
- Receivables within one year -€310,776
down €310,776 (-38.0%), from €818,452 to €507,677
of which Trade receivables: -€268,707
- Reserves -€3.0m
down €3.0m (-87.8%), from €3.4m to €417,787
of which Distributable reserves: -€3.0m
- Profit (loss) carried forward -€1.5m
new in 2025: -€1.5m
- Other debts +€694,186
up €694,186 (+281.7%), from €246,446 to €940,631
- Trade debts -€684,919
down €684,919 (-58.7%), from €1.2m to €481,225
- Debts after one year +€480,947
up €480,947 (+101.1%), from €475,898 to €956,845
- Gross operating margin -€2.9m
down €2.9m, from €2.5m to -€455,450
- Staff costs +€855,744
up €855,744 (+42.6%), from €2.0m to €2.9m
- Depreciation +€374,270
up €374,270 (+94.4%), from €396,535 to €770,805
- Financial charges +€144,072
up €144,072 (+128.8%), from €111,871 to €255,943
- Financial income -€136,434
down €136,434 (-86.9%), from €157,064 to €20,630
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,759,918 | €3,362,156 | -€4.4m | -56.7% |
| Formation expenses | 20 | €174,760 | €21,635 | -€153,125 | -87.6% |
| Fixed assets | 21/28 | €1,902,121 | €1,449,440 | -€452,682 | -23.8% |
| Intangible fixed assets | 21 | €175,324 | €440,994 | +€265,671 | +151.5% |
| Tangible fixed assets | 22/27 | €1,326,797 | €1,008,445 | -€318,352 | -24.0% |
| Land and buildings | 22 | €1,092,787 | €910,776 | -€182,010 | -16.7% |
| Plant, machinery and equipment | 23 | €117,897 | €32,809 | -€85,088 | -72.2% |
| Furniture and vehicles | 24 | €116,114 | €64,860 | -€51,254 | -44.1% |
| Financial fixed assets | 28 | €400,000 | €0 | -€400,000 | -100.0% |
| Current assets | 29/58 | €5,683,036 | €1,891,081 | -€3.8m | -66.7% |
| Stocks and contracts in progress | 3 | €4,136,293 | €1,127,862 | -€3.0m | -72.7% |
| Stocks | 30/36 | €414,570 | €1,000,849 | +€586,279 | +141.4% |
| Contracts in progress | 37 | €3,721,723 | €127,013 | -€3.6m | -96.6% |
| Amounts receivable within one year | 40/41 | €818,452 | €507,677 | -€310,776 | -38.0% |
| Trade receivables | 40 | €755,518 | €486,811 | -€268,707 | -35.6% |
| Other amounts receivable | 41 | €62,935 | €20,866 | -€42,068 | -66.8% |
| Current investments | 50/53 | €110,357 | €110,357 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €606,819 | €51,958 | -€554,861 | -91.4% |
| Deferred charges and accrued income | 490/1 | €11,115 | €93,227 | +€82,113 | +738.8% |
| Total equity and liabilities | 10/49 | €7,759,918 | €3,362,156 | -€4.4m | -56.7% |
| Equity | 10/15 | €3,989,894 | -€495,018 | -€4.5m | |
| Contributions | 10/11 | €574,299 | €574,299 | = | 0.0% |
| Capital | 10 | €574,299 | €574,299 | = | 0.0% |
| Issued capital | 100 | €574,299 | €574,299 | = | 0.0% |
| Reserves | 13 | €3,415,595 | €417,787 | -€3.0m | -87.8% |
| Non-distributable reserves | 130/1 | €167,787 | €167,787 | = | 0.0% |
| Legal reserve | 130 | €57,430 | €57,430 | = | 0.0% |
| Own shares acquired | 1312 | €110,357 | €110,357 | = | 0.0% |
| Distributable reserves | 133 | €3,247,809 | €250,000 | -€3.0m | -92.3% |
| Profit (loss) carried forward | 14 | - | -€1,487,104 | -€1.5m | |
| Amounts payable | 17/49 | €3,770,024 | €3,857,174 | +€87,150 | +2.3% |
| Amounts payable after more than one year | 17 | €475,898 | €956,845 | +€480,947 | +101.1% |
| Financial debts | 170/4 | €475,898 | €956,845 | +€480,947 | +101.1% |
| Amounts payable within one year | 42/48 | €3,294,126 | €2,868,413 | -€425,713 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €376,538 | €375,709 | -€829 | -0.2% |
| Financial debts | 43 | €1,200,000 | €933,032 | -€266,968 | -22.2% |
| Credit institutions | 430/8 | €1,200,000 | €933,032 | -€266,968 | -22.2% |
| Trade debts | 44 | €1,166,144 | €481,225 | -€684,919 | -58.7% |
| Suppliers | 440/4 | €1,166,144 | €481,225 | -€684,919 | -58.7% |
| Taxes, remuneration and social security | 45 | €304,998 | €137,816 | -€167,182 | -54.8% |
| Taxes | 450/3 | €20,341 | €8,227 | -€12,115 | -59.6% |
| Remuneration and social security | 454/9 | €284,657 | €129,589 | -€155,067 | -54.5% |
| Other amounts payable | 47/48 | €246,446 | €940,631 | +€694,186 | +281.7% |
| Accrued charges and deferred income | 492/3 | - | €31,916 | +€31,916 | |
| Non-recurring operating income | 76A | €22,542 | €494,441 | +€471,898 | +2093.4% |
| Remuneration, social security and pensions | 62 | €2,006,826 | €2,862,570 | +€855,744 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396,535 | €770,805 | +€374,270 | +94.4% |
| Other operating charges | 640/8 | €131,062 | €155,594 | +€24,532 | +18.7% |
| Non-recurring operating charges | 66A | - | €654 | +€654 | |
| Gross operating margin | 9900 | €2,481,633 | -€455,450 | -€2.9m | |
| Operating profit (loss) | 9901 | -€52,791 | -€4,245,073 | -€4.2m | -7941.3% |
| Financial income | 75/76B | €157,064 | €20,630 | -€136,434 | -86.9% |
| Recurring financial income | 75 | €157,064 | €20,630 | -€136,434 | -86.9% |
| Financial charges | 65/66B | €111,871 | €255,943 | +€144,072 | +128.8% |
| Recurring financial charges | 65 | €111,871 | €255,943 | +€144,072 | +128.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,598 | -€4,480,386 | -€4.5m | -58867.2% |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Income taxes | 67/77 | €2,145 | €4,526 | +€2,381 | +111.0% |
| Profit (loss) for the period | 9904 | -€9,743 | -€4,484,912 | -€4.5m | -45932.1% |
| Transfer from tax-exempt reserves | 789 | €71,200 | - | -€71,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,457 | -€4,484,912 | -€4.5m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.