Technical Mechanical Services: 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.
What changed
Technical Mechanical Services
NACE 46.630, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €2.4m-€571,536
Equity
€7.3m
2024 · €7.4m-€124,201
Cash
€1.4m
2024 · €3.7m-€2.3m
Balance sheet total
€28.3m
2024 · €27.4m+€919,812
Largest movements
Assets
- Receivables within one year +€4.0m
up €4.0m (+32.7%), from €12.3m to €16.3m
of which Trade receivables: +€3.1m
- Cash -€2.3m
down €2.3m (-62.2%), from €3.7m to €1.4m
mainly Receivables within one year (-€4.0m) and Contributions, distributions and other (-€2.0m)
- Receivables after one year -€1.6m
down €1.6m (-15.9%), from €10.3m to €8.6m
- Stocks and contracts +€848,545
up €848,545 (+77.3%), from €1.1m to €1.9m
Equity and liabilities
- Trade debts +€2.2m
up €2.2m (+38.0%), from €5.8m to €8.1m
- Short-term financial debts -€1.5m
down €1.5m (-20.3%), from €7.5m to €6.0m
- Accrued charges and deferred income +€374,409
up €374,409 (+104.0%), from €359,951 to €734,361
Income statement
- Turnover +€4.4m
up €4.4m (+10.7%), from €41.4m to €45.8m
- Goods and materials +€3.8m
up €3.8m (+14.6%), from €26.3m to €30.1m
of which Purchases: +€4.9m
- Financial charges +€763,461
up €763,461 (+107.0%), from €713,735 to €1.5m
- Services and other goods +€587,705
up €587,705 (+6.0%), from €9.8m to €10.3m
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.
Result 2024
€2.4m
Turnover
+€4.4m
Other operating income
+€47,455
Goods and materials
-€3.8m
Services and other goods
-€587,705
Staff costs
+€32,711
Depreciation
+€6,865
Write-downs
-€60,925
Other operating charges
-€137,483
Other operating items
+€89,424
Financial income
+€34,589
Financial charges
-€763,461
Taxes
+€181,747
Result 2025
€1.9m
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.
From operations
+€921,033
Investment
+€16,118
Financing
-€3.2m
Cash 2024
€3.7m
From operations (derived)
+€921,033
Net result for the year
+€1.9m
Depreciation
+€820
Receivables after one year
+€1.6m
Stocks and contracts
-€848,545
Receivables within one year
-€4.0m
Deferred charges and accrued income
+€6,927
Trade debts
+€2.2m
Tax, wage and social debts
-€21,372
Advances received
-€210,970
Other debts
-€90,000
Accrued charges and deferred income
+€374,409
Investment (derived)
+€16,118
Investment in fixed assets (net)
+€16,118
Financing
-€3.2m
Debts after one year
+€98,277
Current portion of long-term debt
+€198,617
Short-term financial debts
-€1.5m
Contributions, distributions and other
-€2.0m
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,423,763 | €28,343,575 | +€919,812 | +3.4% |
| Fixed assets | 21/28 | €50,412 | €33,474 | -€16,938 | -33.6% |
| Tangible fixed assets | 22/27 | €13,012 | €4,074 | -€8,938 | -68.7% |
| Furniture and vehicles | 24 | - | €2,922 | +€2,922 | |
| Leasing and similar rights | 25 | €11,511 | - | -€11,511 | |
| Other tangible fixed assets | 26 | €1,501 | €1,151 | -€350 | -23.3% |
| Financial fixed assets | 28 | €37,400 | €29,400 | -€8,000 | -21.4% |
| Other financial fixed assets | 284/8 | €37,400 | €29,400 | -€8,000 | -21.4% |
| Amounts receivable and cash guarantees | 285/8 | €37,400 | €29,400 | -€8,000 | -21.4% |
| Current assets | 29/58 | €27,373,351 | €28,310,101 | +€936,750 | +3.4% |
| Amounts receivable after more than one year | 29 | €10,274,982 | €8,637,907 | -€1.6m | -15.9% |
| Other amounts receivable | 291 | €10,274,982 | €8,637,907 | -€1.6m | -15.9% |
| Stocks and contracts in progress | 3 | €1,097,994 | €1,946,539 | +€848,545 | +77.3% |
| Stocks | 30/36 | €1,097,994 | €1,946,539 | +€848,545 | +77.3% |
| Goods purchased for resale | 34 | €1,097,994 | €1,946,539 | +€848,545 | +77.3% |
| Amounts receivable within one year | 40/41 | €12,313,429 | €16,335,584 | +€4.0m | +32.7% |
| Trade receivables | 40 | €11,822,849 | €14,901,223 | +€3.1m | +26.0% |
| Other amounts receivable | 41 | €490,580 | €1,434,361 | +€943,781 | +192.4% |
| Cash at bank and in hand | 54/58 | €3,680,019 | €1,390,070 | -€2.3m | -62.2% |
| Deferred charges and accrued income | 490/1 | €6,927 | - | -€6,927 | |
| Total equity and liabilities | 10/49 | €27,423,763 | €28,343,575 | +€919,812 | +3.4% |
| Equity | 10/15 | €7,446,833 | €7,322,632 | -€124,201 | -1.7% |
| Contributions | 10/11 | €1,062,000 | €1,062,000 | = | 0.0% |
| Capital | 10 | €1,062,000 | €1,062,000 | = | 0.0% |
| Issued capital | 100 | €1,062,000 | €1,062,000 | = | 0.0% |
| Reserves | 13 | €6,384,833 | €6,260,632 | -€124,201 | -1.9% |
| Non-distributable reserves | 130/1 | €106,200 | €106,200 | = | 0.0% |
| Legal reserve | 130 | €106,200 | €106,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €109,460 | €109,460 | = | 0.0% |
| Distributable reserves | 133 | €6,169,173 | €6,044,972 | -€124,201 | -2.0% |
| Amounts payable | 17/49 | €19,976,929 | €21,020,943 | +€1.0m | +5.2% |
| Amounts payable after more than one year | 17 | €2,389,124 | €2,487,401 | +€98,277 | +4.1% |
| Financial debts | 170/4 | €2,389,124 | €2,487,401 | +€98,277 | +4.1% |
| Leasing and similar obligations | 172 | €3,919 | - | -€3,919 | |
| Credit institutions | 173 | €1,985,205 | €1,637,401 | -€347,804 | -17.5% |
| Other loans | 174 | €400,000 | €850,000 | +€450,000 | +112.5% |
| Amounts payable within one year | 42/48 | €17,227,854 | €17,799,181 | +€571,327 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €649,187 | €847,804 | +€198,617 | +30.6% |
| Financial debts | 43 | €7,521,689 | €5,997,696 | -€1.5m | -20.3% |
| Credit institutions | 430/8 | €7,521,689 | €5,997,696 | -€1.5m | -20.3% |
| Trade debts | 44 | €5,839,966 | €8,059,010 | +€2.2m | +38.0% |
| Suppliers | 440/4 | €5,839,966 | €8,059,010 | +€2.2m | +38.0% |
| Advances received on contracts in progress | 46 | €831,198 | €620,228 | -€210,970 | -25.4% |
| Taxes, remuneration and social security | 45 | €295,815 | €274,443 | -€21,372 | -7.2% |
| Taxes | 450/3 | €141,172 | €142,577 | +€1,405 | +1.0% |
| Remuneration and social security | 454/9 | €154,643 | €131,866 | -€22,777 | -14.7% |
| Other amounts payable | 47/48 | €2,090,000 | €2,000,000 | -€90,000 | -4.3% |
| Accrued charges and deferred income | 492/3 | €359,951 | €734,361 | +€374,409 | +104.0% |
| Operating income | 70/76A | €41,458,765 | €46,025,960 | +€4.6m | +11.0% |
| Turnover | 70 | €41,372,219 | €45,802,534 | +€4.4m | +10.7% |
| Other operating income | 74 | €54,874 | €102,329 | +€47,455 | +86.5% |
| Non-recurring operating income | 76A | €31,673 | €121,097 | +€89,424 | +282.3% |
| Operating charges | 60/66A | €37,845,956 | €42,437,564 | +€4.6m | +12.1% |
| Goods for resale, raw materials and consumables | 60 | €26,294,011 | €30,139,081 | +€3.8m | +14.6% |
| Purchases | 600/8 | €26,116,725 | €31,020,051 | +€4.9m | +18.8% |
| Change in stocks: decrease (increase) | 609 | €177,286 | -€880,970 | -€1.1m | |
| Services and other goods | 61 | €9,758,410 | €10,346,115 | +€587,705 | +6.0% |
| Remuneration, social security and pensions | 62 | €1,428,274 | €1,395,564 | -€32,711 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,685 | €820 | -€6,865 | -89.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €348,250 | €409,175 | +€60,925 | +17.5% |
| Other operating charges | 640/8 | €9,326 | €146,809 | +€137,483 | +1474.1% |
| Operating profit (loss) | 9901 | €3,612,809 | €3,588,397 | -€24,412 | -0.7% |
| Financial income | 75/76B | €414,603 | €449,192 | +€34,589 | +8.3% |
| Recurring financial income | 75 | €414,603 | €449,192 | +€34,589 | +8.3% |
| Income from financial fixed assets | 750 | €235,315 | - | -€235,315 | |
| Income from current assets | 751 | - | €297,804 | +€297,804 | |
| Other financial income | 752/9 | €179,288 | €151,388 | -€27,899 | -15.6% |
| Financial charges | 65/66B | €713,735 | €1,477,196 | +€763,461 | +107.0% |
| Recurring financial charges | 65 | €713,735 | €1,477,196 | +€763,461 | +107.0% |
| Debt charges | 650 | €654,663 | €571,551 | -€83,113 | -12.7% |
| Other financial charges | 652/9 | €59,072 | €905,645 | +€846,573 | +1433.1% |
| Profit (loss) for the period before taxes | 9903 | €3,313,677 | €2,560,393 | -€753,283 | -22.7% |
| Income taxes | 67/77 | €866,342 | €684,595 | -€181,747 | -21.0% |
| Taxes | 670/3 | €866,342 | €684,595 | -€181,747 | -21.0% |
| Profit (loss) for the period | 9904 | €2,447,335 | €1,875,799 | -€571,536 | -23.4% |
| Transfer from tax-exempt reserves | 789 | €416,790 | - | -€416,790 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,864,125 | €1,875,799 | -€988,326 | -34.5% |
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 8 October 2026 via checked.be.