TECHNICAL ENGINEERING KUMS: 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 ENGINEERING KUMS
Largest movements
- Tangible fixed assets +€51,171
up €51,171 (+944.3%), from €5,419 to €56,590
of which Leasing and similar rights: +€50,944
- Cash +€27,095
up €27,095 (+89.6%), from €30,231 to €57,326
mainly Net result for the year (+€48,685) and Debts after one year (+€25,457)
- Receivables within one year +€6,667
up €6,667 (+96.0%), from €6,945 to €13,612
of which Trade receivables: +€10,172
- Reserves +€48,685
up €48,685 (+220.4%), from €22,090 to €70,774
- Debts after one year +€25,457
new in 2025: €25,457
- Tax, wage and social debts +€8,081
up €8,081 (+67.9%), from €11,896 to €19,977
of which Taxes: +€8,081
- Current portion of long-term debt +€5,887
new in 2025: €5,887
- Accrued charges and deferred income -€2,300
no longer reported in 2025 (was €2,300)
- Gross operating margin +€53,011
up €53,011 (+386.1%), from €13,730 to €66,742
- Taxes +€11,013
up €11,013 (+438.1%), from €2,514 to €13,527
- Other operating charges +€2,007
up €2,007 (+318.7%), from €630 to €2,636
- Depreciation +€1,622
up €1,622 (+445.4%), from €364 to €1,986
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 | €44,036 | €128,964 | +€84,928 | +192.9% |
| Fixed assets | 21/28 | €5,419 | €56,590 | +€51,171 | +944.3% |
| Tangible fixed assets | 22/27 | €5,419 | €56,590 | +€51,171 | +944.3% |
| Furniture and vehicles | 24 | €5,419 | €5,645 | +€226 | +4.2% |
| Leasing and similar rights | 25 | - | €50,944 | +€50,944 | |
| Current assets | 29/58 | €38,617 | €72,374 | +€33,757 | +87.4% |
| Amounts receivable within one year | 40/41 | €6,945 | €13,612 | +€6,667 | +96.0% |
| Trade receivables | 40 | - | €10,172 | +€10,172 | |
| Other amounts receivable | 41 | €6,945 | €3,440 | -€3,505 | -50.5% |
| Cash at bank and in hand | 54/58 | €30,231 | €57,326 | +€27,095 | +89.6% |
| Deferred charges and accrued income | 490/1 | €1,442 | €1,437 | -€5 | -0.3% |
| Total equity and liabilities | 10/49 | €44,036 | €128,964 | +€84,928 | +192.9% |
| Equity | 10/15 | €27,090 | €75,774 | +€48,685 | +179.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,090 | €70,774 | +€48,685 | +220.4% |
| Distributable reserves | 133 | €22,090 | €70,774 | +€48,685 | +220.4% |
| Amounts payable | 17/49 | €16,947 | €53,190 | +€36,243 | +213.9% |
| Amounts payable after more than one year | 17 | - | €25,457 | +€25,457 | |
| Financial debts | 170/4 | - | €25,457 | +€25,457 | |
| Amounts payable within one year | 42/48 | €14,647 | €27,733 | +€13,086 | +89.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,887 | +€5,887 | |
| Trade debts | 44 | €2,751 | €1,846 | -€905 | -32.9% |
| Suppliers | 440/4 | €2,751 | €1,846 | -€905 | -32.9% |
| Taxes, remuneration and social security | 45 | €11,896 | €19,977 | +€8,081 | +67.9% |
| Taxes | 450/3 | €9,496 | €17,577 | +€8,081 | +85.1% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | - | €23 | +€23 | |
| Accrued charges and deferred income | 492/3 | €2,300 | - | -€2,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €1,986 | +€1,622 | +445.4% |
| Other operating charges | 640/8 | €630 | €2,636 | +€2,007 | +318.7% |
| Gross operating margin | 9900 | €13,730 | €66,742 | +€53,011 | +386.1% |
| Operating profit (loss) | 9901 | €12,737 | €62,120 | +€49,383 | +387.7% |
| Financial income | 75/76B | €322 | €240 | -€82 | -25.5% |
| Recurring financial income | 75 | €322 | €240 | -€82 | -25.5% |
| Financial charges | 65/66B | €140 | €148 | +€8 | +5.4% |
| Recurring financial charges | 65 | €140 | €148 | +€8 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €12,919 | €62,212 | +€49,293 | +381.6% |
| Income taxes | 67/77 | €2,514 | €13,527 | +€11,013 | +438.1% |
| Profit (loss) for the period | 9904 | €10,405 | €48,685 | +€38,280 | +367.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,405 | €48,685 | +€38,280 | +367.9% |
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 12 October 2026 via checked.be.