Technical Hands on Management Construction: 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 Hands on Management Construction
Largest movements
- Receivables within one year -€26,115
down €26,115 (-50.2%), from €51,992 to €25,877
of which Other amounts receivable: -€21,716
- Deferred charges and accrued income -€11,806
down €11,806 (-64.8%), from €18,230 to €6,425
- Tangible fixed assets -€3,497
down €3,497 (-2.8%), from €123,041 to €119,544
of which Plant, machinery and equipment: -€1,794
- Trade debts -€21,394
down €21,394 (-50.5%), from €42,356 to €20,961
- Current portion of long-term debt -€17,884
down €17,884 (-85.6%), from €20,900 to €3,016
- Tax, wage and social debts -€14,118
down €14,118 (-40.7%), from €34,645 to €20,527
of which Taxes: -€11,698
- Profit (loss) carried forward +€14,032
up €14,032 (+96.5%), from €14,546 to €28,579
- Other debts +€9,085
up €9,085 (+12.8%), from €70,748 to €79,833
- Staff costs -€8,636
no longer reported in 2025 (was €8,636)
- Gross operating margin -€6,467
down €6,467 (-18.7%), from €34,617 to €28,150
- Taxes +€6,000
new in 2025: €6,000
- Financial charges -€3,612
down €3,612 (-95.5%), from €3,784 to €172
- Depreciation -€1,206
down €1,206 (-14.6%), from €8,271 to €7,065
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 | €208,722 | €169,536 | -€39,186 | -18.8% |
| Fixed assets | 21/28 | €123,041 | €119,544 | -€3,497 | -2.8% |
| Tangible fixed assets | 22/27 | €123,041 | €119,544 | -€3,497 | -2.8% |
| Land and buildings | 22 | €75,807 | €74,432 | -€1,374 | -1.8% |
| Plant, machinery and equipment | 23 | €19,645 | €17,851 | -€1,794 | -9.1% |
| Furniture and vehicles | 24 | €330 | - | -€330 | |
| Other tangible fixed assets | 26 | €27,260 | €27,260 | = | 0.0% |
| Current assets | 29/58 | €85,681 | €49,992 | -€35,689 | -41.7% |
| Stocks and contracts in progress | 3 | €20 | €52 | +€32 | +158% |
| Stocks | 30/36 | €20 | €52 | +€32 | +158% |
| Amounts receivable within one year | 40/41 | €51,992 | €25,877 | -€26,115 | -50.2% |
| Trade receivables | 40 | €22,985 | €18,585 | -€4,399 | -19.1% |
| Other amounts receivable | 41 | €29,007 | €7,291 | -€21,716 | -74.9% |
| Current investments | 50/53 | - | €204 | +€204 | |
| Cash at bank and in hand | 54/58 | €15,439 | €17,435 | +€1,996 | +12.9% |
| Deferred charges and accrued income | 490/1 | €18,230 | €6,425 | -€11,806 | -64.8% |
| Total equity and liabilities | 10/49 | €208,722 | €169,536 | -€39,186 | -18.8% |
| Equity | 10/15 | €31,166 | €45,199 | +€14,032 | +45.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €9,620 | €9,620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €7,760 | €7,760 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €14,546 | €28,579 | +€14,032 | +96.5% |
| Amounts payable | 17/49 | €177,556 | €124,338 | -€53,219 | -30.0% |
| Amounts payable after more than one year | 17 | €8,907 | - | -€8,907 | |
| Financial debts | 170/4 | €8,907 | - | -€8,907 | |
| Amounts payable within one year | 42/48 | €168,649 | €124,338 | -€44,312 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €20,900 | €3,016 | -€17,884 | -85.6% |
| Trade debts | 44 | €42,356 | €20,961 | -€21,394 | -50.5% |
| Suppliers | 440/4 | €42,356 | €20,961 | -€21,394 | -50.5% |
| Taxes, remuneration and social security | 45 | €34,645 | €20,527 | -€14,118 | -40.7% |
| Taxes | 450/3 | €32,225 | €20,527 | -€11,698 | -36.3% |
| Remuneration and social security | 454/9 | €2,420 | - | -€2,420 | |
| Other amounts payable | 47/48 | €70,748 | €79,833 | +€9,085 | +12.8% |
| Remuneration, social security and pensions | 62 | €8,636 | - | -€8,636 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,271 | €7,065 | -€1,206 | -14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €56 | +€56 | |
| Other operating charges | 640/8 | €959 | €824 | -€135 | -14.1% |
| Gross operating margin | 9900 | €34,617 | €28,150 | -€6,467 | -18.7% |
| Operating profit (loss) | 9901 | €16,750 | €20,205 | +€3,454 | +20.6% |
| Financial charges | 65/66B | €3,784 | €172 | -€3,612 | -95.5% |
| Recurring financial charges | 65 | €3,784 | €172 | -€3,612 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | €12,966 | €20,032 | +€7,066 | +54.5% |
| Income taxes | 67/77 | - | €6,000 | +€6,000 | |
| Profit (loss) for the period | 9904 | €12,966 | €14,032 | +€1,066 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,966 | €14,032 | +€1,066 | +8.2% |
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 22 October 2026 via checked.be.