TECHNICAL DESIGN SYSTEM: 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.
TECHNICAL DESIGN SYSTEM
Largest movements
- Financial fixed assets +€1.9m
up €1.9m (+57474.3%), from €3,343 to €1.9m
- Receivables within one year +€448,633
up €448,633 (+123.5%), from €363,306 to €811,938
of which Trade receivables: +€474,568
- Cash -€298,701
down €298,701 (-24.6%), from €1.2m to €914,671
mainly Investment in fixed assets (net) (-€1.9m) and Receivables within one year (-€448,633)
- Tangible fixed assets -€99,267
down €99,267 (-22.2%), from €446,954 to €347,687
of which Plant, machinery and equipment: -€57,550
- Stocks and contracts -€51,268
down €51,268 (-25.4%), from €201,653 to €150,385
of which Contracts in progress: -€45,744
- Debts after one year +€1.2m
up €1.2m (+1126.3%), from €109,623 to €1.3m
of which Financial debts: +€1.2m
- Profit (loss) carried forward +€294,026
up €294,026 (+94.0%), from €312,900 to €606,926
- Tax, wage and social debts +€242,946
up €242,946 (+195.5%), from €124,271 to €367,217
of which Taxes: +€225,420
- Other debts +€207,000
up €207,000 (+3792.3%), from €5,458 to €212,458
- Current portion of long-term debt -€197,323
down €197,323 (-47.6%), from €414,703 to €217,380
- Gross operating margin -€294,904
down €294,904 (-16.1%), from €1.8m to €1.5m
- Taxes +€172,783
up €172,783 (+478.8%), from €36,090 to €208,873
- Provisions -€95,362
down €95,362, from €47,681 to -€47,681
- Staff costs +€24,998
up €24,998 (+4.3%), from €582,743 to €607,741
- Financial charges -€21,602
down €21,602 (-39.9%), from €54,206 to €32,604
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 | €2,286,542 | €4,189,429 | +€1.9m | +83.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €501,882 | €2,312,435 | +€1.8m | +360.8% |
| Intangible fixed assets | 21 | €51,585 | €39,785 | -€11,800 | -22.9% |
| Tangible fixed assets | 22/27 | €446,954 | €347,687 | -€99,267 | -22.2% |
| Plant, machinery and equipment | 23 | €275,941 | €218,390 | -€57,550 | -20.9% |
| Furniture and vehicles | 24 | €16,777 | €12,307 | -€4,470 | -26.6% |
| Leasing and similar rights | 25 | €154,237 | €116,989 | -€37,247 | -24.1% |
| Financial fixed assets | 28 | €3,343 | €1,924,963 | +€1.9m | +57474.3% |
| Current assets | 29/58 | €1,784,660 | €1,876,994 | +€92,335 | +5.2% |
| Stocks and contracts in progress | 3 | €201,653 | €150,385 | -€51,268 | -25.4% |
| Stocks | 30/36 | €144,365 | €138,842 | -€5,523 | -3.8% |
| Contracts in progress | 37 | €57,287 | €11,543 | -€45,744 | -79.9% |
| Amounts receivable within one year | 40/41 | €363,306 | €811,938 | +€448,633 | +123.5% |
| Trade receivables | 40 | €324,984 | €799,552 | +€474,568 | +146.0% |
| Other amounts receivable | 41 | €38,322 | €12,386 | -€25,935 | -67.7% |
| Cash at bank and in hand | 54/58 | €1,213,372 | €914,671 | -€298,701 | -24.6% |
| Deferred charges and accrued income | 490/1 | €6,330 | €0 | -€6,330 | -100.0% |
| Total equity and liabilities | 10/49 | €2,286,542 | €4,189,429 | +€1.9m | +83.2% |
| Equity | 10/15 | €1,288,752 | €1,717,498 | +€428,746 | +33.3% |
| Contributions | 10/11 | €975,853 | €975,853 | = | 0.0% |
| Capital | 10 | €975,853 | €975,853 | = | 0.0% |
| Issued capital | 100 | €975,853 | €975,853 | = | 0.0% |
| Reserves | 13 | - | €134,720 | +€134,720 | |
| Tax-exempt reserves | 132 | - | €134,720 | +€134,720 | |
| Profit (loss) carried forward | 14 | €312,900 | €606,926 | +€294,026 | +94.0% |
| Provisions and deferred taxes | 16 | €47,681 | €0 | -€47,681 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €47,681 | €0 | -€47,681 | -100.0% |
| Major repairs and maintenance | 162 | €47,681 | €0 | -€47,681 | -100.0% |
| Amounts payable | 17/49 | €950,109 | €2,471,931 | +€1.5m | +160.2% |
| Amounts payable after more than one year | 17 | €109,623 | €1,344,261 | +€1.2m | +1126.3% |
| Financial debts | 170/4 | €109,623 | €1,344,261 | +€1.2m | +1126.3% |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €799,801 | €1,118,490 | +€318,689 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €414,703 | €217,380 | -€197,323 | -47.6% |
| Financial debts | 43 | €0 | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | €0 | €100,000 | +€100,000 | |
| Trade debts | 44 | €255,368 | €221,434 | -€33,934 | -13.3% |
| Suppliers | 440/4 | €255,368 | €221,434 | -€33,934 | -13.3% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €124,271 | €367,217 | +€242,946 | +195.5% |
| Taxes | 450/3 | €43,725 | €269,145 | +€225,420 | +515.5% |
| Remuneration and social security | 454/9 | €80,547 | €98,073 | +€17,526 | +21.8% |
| Other amounts payable | 47/48 | €5,458 | €212,458 | +€207,000 | +3792.3% |
| Accrued charges and deferred income | 492/3 | €40,684 | €9,180 | -€31,504 | -77.4% |
| Remuneration, social security and pensions | 62 | €582,743 | €607,741 | +€24,998 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,662 | €131,256 | +€14,594 | +12.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €47,681 | -€47,681 | -€95,362 | |
| Other operating charges | 640/8 | €13,224 | €11,953 | -€1,272 | -9.6% |
| Non-recurring operating charges | 66A | €1,815 | €125 | -€1,690 | -93.1% |
| Gross operating margin | 9900 | €1,836,575 | €1,541,671 | -€294,904 | -16.1% |
| Operating profit (loss) | 9901 | €1,074,450 | €838,277 | -€236,173 | -22.0% |
| Financial income | 75/76B | €2,653 | €6,946 | +€4,292 | +161.8% |
| Recurring financial income | 75 | €2,653 | €6,946 | +€4,292 | +161.8% |
| Financial charges | 65/66B | €54,206 | €32,604 | -€21,602 | -39.9% |
| Recurring financial charges | 65 | €54,206 | €32,604 | -€21,602 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €1,022,898 | €812,619 | -€210,278 | -20.6% |
| Income taxes | 67/77 | €36,090 | €208,873 | +€172,783 | +478.8% |
| Profit (loss) for the period | 9904 | €986,808 | €603,746 | -€383,062 | -38.8% |
| Transfer to tax-exempt reserves | 689 | - | €134,720 | +€134,720 | |
| Profit (loss) for the period to be appropriated | 9905 | €986,808 | €469,026 | -€517,782 | -52.5% |
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 30 September 2026 via checked.be.