Technical Belt Competence: 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.
Technical Belt Competence
Largest movements
- Cash +€111,093
up €111,093 (+35.4%), from €313,471 to €424,564
mainly Net result for the year (+€130,126) and Depreciation (+€41,534)
- Receivables within one year +€37,542
up €37,542 (+21.8%), from €172,245 to €209,787
of which Other amounts receivable: +€28,000
- Reserves +€120,000
up €120,000 (+26.6%), from €450,610 to €570,610
of which Non-distributable reserves: +€120,000
- Other debts +€29,287
up €29,287 (+23.0%), from €127,141 to €156,428
- Debts after one year -€14,492
down €14,492 (-5.7%), from €254,208 to €239,716
- Taxes -€12,003
down €12,003 (-18.6%), from €64,547 to €52,544
- Depreciation +€11,117
up €11,117 (+36.5%), from €30,417 to €41,534
- Gross operating margin -€5,231
down €5,231 (-2.2%), from €236,549 to €231,318
- Other operating charges +€3,107
up €3,107 (+152%), from €2,043 to €5,150
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 | €939,225 | €1,085,947 | +€146,722 | +15.6% |
| Fixed assets | 21/28 | €371,941 | €380,621 | +€8,680 | +2.3% |
| Tangible fixed assets | 22/27 | €371,941 | €380,621 | +€8,680 | +2.3% |
| Land and buildings | 22 | €220,667 | €209,505 | -€11,162 | -5.1% |
| Plant, machinery and equipment | 23 | €14,480 | €10,960 | -€3,520 | -24.3% |
| Furniture and vehicles | 24 | €42,787 | €83,734 | +€40,947 | +95.7% |
| Other tangible fixed assets | 26 | €81,206 | €76,422 | -€4,784 | -5.9% |
| Assets under construction and advance payments | 27 | €12,801 | - | -€12,801 | |
| Current assets | 29/58 | €567,284 | €705,326 | +€138,042 | +24.3% |
| Amounts receivable within one year | 40/41 | €172,245 | €209,787 | +€37,542 | +21.8% |
| Trade receivables | 40 | €152,245 | €161,787 | +€9,542 | +6.3% |
| Other amounts receivable | 41 | €20,000 | €48,000 | +€28,000 | +140% |
| Current investments | 50/53 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Cash at bank and in hand | 54/58 | €313,471 | €424,564 | +€111,093 | +35.4% |
| Deferred charges and accrued income | 490/1 | €1,568 | €975 | -€593 | -37.8% |
| Total equity and liabilities | 10/49 | €939,225 | €1,085,947 | +€146,722 | +15.6% |
| Equity | 10/15 | €504,847 | €629,473 | +€124,626 | +24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €450,610 | €570,610 | +€120,000 | +26.6% |
| Non-distributable reserves | 130/1 | €281,860 | €401,860 | +€120,000 | +42.6% |
| Reserves not available under the articles | 1311 | €281,860 | €401,860 | +€120,000 | +42.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,637 | €40,263 | +€4,626 | +13.0% |
| Amounts payable | 17/49 | €434,378 | €456,474 | +€22,096 | +5.1% |
| Amounts payable after more than one year | 17 | €254,208 | €239,716 | -€14,492 | -5.7% |
| Financial debts | 170/4 | €254,208 | €239,716 | -€14,492 | -5.7% |
| Amounts payable within one year | 42/48 | €179,783 | €216,358 | +€36,575 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €14,309 | €14,493 | +€184 | +1.3% |
| Trade debts | 44 | €24,781 | €33,556 | +€8,775 | +35.4% |
| Suppliers | 440/4 | €24,781 | €33,556 | +€8,775 | +35.4% |
| Taxes, remuneration and social security | 45 | €13,552 | €11,881 | -€1,671 | -12.3% |
| Taxes | 450/3 | €11,052 | €11,881 | +€829 | +7.5% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €127,141 | €156,428 | +€29,287 | +23.0% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€13 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,417 | €41,534 | +€11,117 | +36.5% |
| Other operating charges | 640/8 | €2,043 | €5,150 | +€3,107 | +152% |
| Gross operating margin | 9900 | €236,549 | €231,318 | -€5,231 | -2.2% |
| Operating profit (loss) | 9901 | €204,089 | €184,634 | -€19,455 | -9.5% |
| Financial income | 75/76B | €3,349 | €1,653 | -€1,696 | -50.6% |
| Recurring financial income | 75 | €3,349 | €1,653 | -€1,696 | -50.6% |
| Financial charges | 65/66B | €2,236 | €3,617 | +€1,381 | +61.8% |
| Recurring financial charges | 65 | €2,236 | €3,617 | +€1,381 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | €205,202 | €182,670 | -€22,532 | -11.0% |
| Income taxes | 67/77 | €64,547 | €52,544 | -€12,003 | -18.6% |
| Profit (loss) for the period | 9904 | €140,655 | €130,126 | -€10,529 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €140,655 | €130,126 | -€10,529 | -7.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.