TECHNICAL ENGINEERING SOLUTIONS: 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 ENGINEERING SOLUTIONS
Largest movements
- Cash +€122,503
up €122,503 (+193.7%), from €63,247 to €185,750
mainly Current investments (+€102,909) and Depreciation (+€18,666)
- Current investments -€102,909
no longer reported in 2025 (was €102,909)
- Tangible fixed assets -€11,702
down €11,702 (-17.2%), from €68,203 to €56,501
of which Plant, machinery and equipment: -€11,148
- Receivables within one year +€4,570
up €4,570 (+45.8%), from €9,969 to €14,539
- Other debts -€21,489
no longer reported in 2025 (was €21,489)
- Reserves +€17,641
up €17,641 (+7.3%), from €241,555 to €259,196
of which Distributable reserves: +€17,641
- Tax, wage and social debts +€13,352
up €13,352 (+103.0%), from €12,960 to €26,312
of which Taxes: +€10,466
- Gross operating margin -€17,314
down €17,314 (-25.4%), from €68,087 to €50,773
- Depreciation +€5,274
up €5,274 (+39.4%), from €13,392 to €18,666
- Taxes +€4,665
up €4,665 (+86.7%), from €5,383 to €10,048
- Other operating charges +€4,169
up €4,169 (+468.4%), from €890 to €5,059
- Financial income -€2,682
down €2,682 (-78.4%), from €3,419 to €737
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 | €294,604 | €306,789 | +€12,185 | +4.1% |
| Fixed assets | 21/28 | €118,203 | €106,501 | -€11,702 | -9.9% |
| Tangible fixed assets | 22/27 | €68,203 | €56,501 | -€11,702 | -17.2% |
| Plant, machinery and equipment | 23 | €65,878 | €54,730 | -€11,148 | -16.9% |
| Furniture and vehicles | 24 | €2,325 | €1,771 | -€554 | -23.8% |
| Financial fixed assets | 28 | €50,000 | €50,000 | +€0 | 0.0% |
| Current assets | 29/58 | €176,401 | €200,288 | +€23,887 | +13.5% |
| Amounts receivable within one year | 40/41 | €9,969 | €14,539 | +€4,570 | +45.8% |
| Trade receivables | 40 | €9,969 | €14,539 | +€4,570 | +45.8% |
| Current investments | 50/53 | €102,909 | - | -€102,909 | |
| Cash at bank and in hand | 54/58 | €63,247 | €185,750 | +€122,503 | +193.7% |
| Deferred charges and accrued income | 490/1 | €276 | - | -€276 | |
| Total equity and liabilities | 10/49 | €294,604 | €306,789 | +€12,185 | +4.1% |
| Equity | 10/15 | €260,155 | €277,796 | +€17,641 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,555 | €259,196 | +€17,641 | +7.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €239,695 | €257,336 | +€17,641 | +7.4% |
| Amounts payable | 17/49 | €34,449 | €28,994 | -€5,455 | -15.8% |
| Amounts payable within one year | 42/48 | €34,449 | €28,994 | -€5,455 | -15.8% |
| Trade debts | 44 | - | €2,682 | +€2,682 | |
| Suppliers | 440/4 | - | €2,682 | +€2,682 | |
| Taxes, remuneration and social security | 45 | €12,960 | €26,312 | +€13,352 | +103.0% |
| Taxes | 450/3 | €12,844 | €23,310 | +€10,466 | +81.5% |
| Remuneration and social security | 454/9 | €116 | €3,002 | +€2,886 | +2487.7% |
| Other amounts payable | 47/48 | €21,489 | - | -€21,489 | |
| Non-recurring operating income | 76A | - | €21,619 | +€21,619 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,392 | €18,666 | +€5,274 | +39.4% |
| Other operating charges | 640/8 | €890 | €5,059 | +€4,169 | +468.4% |
| Gross operating margin | 9900 | €68,087 | €50,773 | -€17,314 | -25.4% |
| Operating profit (loss) | 9901 | €53,805 | €27,049 | -€26,756 | -49.7% |
| Financial income | 75/76B | €3,419 | €737 | -€2,682 | -78.4% |
| Recurring financial income | 75 | €3,419 | €737 | -€2,682 | -78.4% |
| Financial charges | 65/66B | €53 | €98 | +€45 | +84.5% |
| Recurring financial charges | 65 | €53 | €98 | +€45 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €57,171 | €27,688 | -€29,483 | -51.6% |
| Income taxes | 67/77 | €5,383 | €10,048 | +€4,665 | +86.7% |
| Profit (loss) for the period | 9904 | €51,788 | €17,640 | -€34,148 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,788 | €17,640 | -€34,148 | -65.9% |
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 6 October 2026 via checked.be.