TECHNICEL: 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.
What changed
TECHNICEL
NACE 46.831, Wholesale of construction materials, general range
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€296,470
2024 · €169,993+€126,477
Equity
€1.3m
2024 · €1.7m-€403,530
Cash
€670,380
2024 · €297,572+€372,809
Balance sheet total
€6.2m
2024 · €6.5m-€291,397
Largest movements
Assets
- Cash +€372,809
up €372,809 (+125.3%), from €297,572 to €670,380
mainly Depreciation (+€734,994) and Net result for the year (+€296,470)
- Tangible fixed assets -€268,945
down €268,945 (-11.7%), from €2.3m to €2.0m
of which Other tangible fixed assets: -€195,665
- Stocks and contracts -€172,842
down €172,842 (-7.4%), from €2.3m to €2.2m
- Intangible fixed assets -€158,364
down €158,364 (-34.3%), from €461,342 to €302,977
- Receivables within one year -€65,661
down €65,661 (-6.2%), from €1.1m to €991,479
of which Trade receivables: -€84,131
Equity and liabilities
- Reserves -€403,530
down €403,530 (-24.1%), from €1.7m to €1.3m
of which Distributable reserves: -€403,530
- Short-term financial debts +€167,500
up €167,500 (+8.9%), from €1.9m to €2.1m
- Trade debts -€69,142
down €69,142 (-33.9%), from €203,776 to €134,634
Income statement
- Turnover +€693,597
up €693,597 (+6.0%), from €11.5m to €12.2m
- Services and other goods -€242,716
down €242,716 (-9.5%), from €2.5m to €2.3m
- Staff costs +€166,527
up €166,527 (+7.6%), from €2.2m to €2.4m
- Write-downs +€138,008
new in 2025: €138,008
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
€169,993
Turnover
+€693,597
Other operating income
-€39,622
Goods and materials
-€116,749
Services and other goods
+€242,716
Staff costs
-€166,527
Depreciation
-€38,071
Write-downs
-€138,008
Other operating charges
+€22,697
Other operating items
-€243,042
Financial income
-€8,492
Financial charges
-€26,954
Taxes
-€55,068
Result 2025
€296,470
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
+€1.2m
Investment
-€307,539
Financing
-€563,772
Cash 2024
€297,572
From operations (derived)
+€1.2m
Net result for the year
+€296,470
Depreciation
+€734,994
Stocks and contracts
+€172,842
Receivables within one year
+€65,661
Deferred charges and accrued income
-€1,751
Trade debts
-€69,142
Tax, wage and social debts
+€45,047
Investment (derived)
-€307,539
Investment in fixed assets (net)
-€307,539
Financing
-€563,772
Debts after one year
-€61,706
Current portion of long-term debt
+€30,434
Short-term financial debts
+€167,500
Contributions, distributions and other
-€700,000
Cash 2025
€670,380
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,533,399 | €6,242,002 | -€291,397 | -4.5% |
| Fixed assets | 21/28 | €2,799,243 | €2,371,789 | -€427,454 | -15.3% |
| Intangible fixed assets | 21 | €461,342 | €302,977 | -€158,364 | -34.3% |
| Tangible fixed assets | 22/27 | €2,303,184 | €2,034,239 | -€268,945 | -11.7% |
| Land and buildings | 22 | €135,586 | €102,739 | -€32,846 | -24.2% |
| Plant, machinery and equipment | 23 | €207,442 | €172,198 | -€35,244 | -17.0% |
| Furniture and vehicles | 24 | €420,753 | €415,563 | -€5,190 | -1.2% |
| Other tangible fixed assets | 26 | €1,539,403 | €1,343,739 | -€195,665 | -12.7% |
| Financial fixed assets | 28 | €34,718 | €34,573 | -€145 | -0.4% |
| Other financial fixed assets | 284/8 | €34,718 | €34,573 | -€145 | -0.4% |
| Amounts receivable and cash guarantees | 285/8 | €34,718 | €34,573 | -€145 | -0.4% |
| Current assets | 29/58 | €3,734,156 | €3,870,213 | +€136,057 | +3.6% |
| Stocks and contracts in progress | 3 | €2,329,988 | €2,157,146 | -€172,842 | -7.4% |
| Stocks | 30/36 | €2,329,988 | €2,157,146 | -€172,842 | -7.4% |
| Goods purchased for resale | 34 | €2,329,988 | €2,157,146 | -€172,842 | -7.4% |
| Amounts receivable within one year | 40/41 | €1,057,139 | €991,479 | -€65,661 | -6.2% |
| Trade receivables | 40 | €1,009,750 | €925,619 | -€84,131 | -8.3% |
| Other amounts receivable | 41 | €47,389 | €65,859 | +€18,471 | +39.0% |
| Cash at bank and in hand | 54/58 | €297,572 | €670,380 | +€372,809 | +125.3% |
| Deferred charges and accrued income | 490/1 | €49,457 | €51,208 | +€1,751 | +3.5% |
| Total equity and liabilities | 10/49 | €6,533,399 | €6,242,002 | -€291,397 | -4.5% |
| Equity | 10/15 | €1,734,480 | €1,330,949 | -€403,530 | -23.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,672,980 | €1,269,449 | -€403,530 | -24.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,104,778 | €1,104,778 | = | 0.0% |
| Distributable reserves | 133 | €562,052 | €158,521 | -€403,530 | -71.8% |
| Amounts payable | 17/49 | €4,798,919 | €4,911,052 | +€112,133 | +2.3% |
| Amounts payable after more than one year | 17 | €1,113,900 | €1,052,194 | -€61,706 | -5.5% |
| Financial debts | 170/4 | €1,113,900 | €1,052,194 | -€61,706 | -5.5% |
| Credit institutions | 173 | €1,113,900 | €1,052,194 | -€61,706 | -5.5% |
| Amounts payable within one year | 42/48 | €3,685,020 | €3,858,859 | +€173,839 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €302,342 | €332,776 | +€30,434 | +10.1% |
| Financial debts | 43 | €1,882,500 | €2,050,000 | +€167,500 | +8.9% |
| Credit institutions | 430/8 | €1,882,500 | €2,050,000 | +€167,500 | +8.9% |
| Trade debts | 44 | €203,776 | €134,634 | -€69,142 | -33.9% |
| Suppliers | 440/4 | €203,776 | €134,634 | -€69,142 | -33.9% |
| Taxes, remuneration and social security | 45 | €421,402 | €466,449 | +€45,047 | +10.7% |
| Taxes | 450/3 | €153,581 | €193,936 | +€40,355 | +26.3% |
| Remuneration and social security | 454/9 | €267,821 | €272,513 | +€4,692 | +1.8% |
| Other amounts payable | 47/48 | €875,000 | €875,000 | = | 0.0% |
| Operating income | 70/76A | €11,743,104 | €12,385,187 | +€642,083 | +5.5% |
| Turnover | 70 | €11,540,488 | €12,234,085 | +€693,597 | +6.0% |
| Other operating income | 74 | €157,876 | €118,254 | -€39,622 | -25.1% |
| Non-recurring operating income | 76A | €44,740 | €32,848 | -€11,892 | -26.6% |
| Operating charges | 60/66A | €11,485,393 | €11,910,486 | +€425,093 | +3.7% |
| Goods for resale, raw materials and consumables | 60 | €5,993,569 | €6,110,318 | +€116,749 | +1.9% |
| Purchases | 600/8 | €6,599,837 | €6,075,484 | -€524,353 | -7.9% |
| Change in stocks: decrease (increase) | 609 | -€606,267 | €34,834 | +€641,101 | |
| Services and other goods | 61 | €2,543,644 | €2,300,928 | -€242,716 | -9.5% |
| Remuneration, social security and pensions | 62 | €2,197,216 | €2,363,743 | +€166,527 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €696,923 | €734,994 | +€38,071 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €138,008 | +€138,008 | |
| Other operating charges | 640/8 | €54,042 | €31,345 | -€22,697 | -42.0% |
| Non-recurring operating charges | 66A | €0 | €231,151 | +€231,151 | |
| Operating profit (loss) | 9901 | €257,711 | €474,701 | +€216,990 | +84.2% |
| Financial income | 75/76B | €135,571 | €127,080 | -€8,492 | -6.3% |
| Recurring financial income | 75 | €135,571 | €127,080 | -€8,492 | -6.3% |
| Income from current assets | 751 | - | €71 | +€71 | |
| Other financial income | 752/9 | €135,571 | €127,008 | -€8,563 | -6.3% |
| Financial charges | 65/66B | €156,503 | €183,457 | +€26,954 | +17.2% |
| Recurring financial charges | 65 | €156,503 | €183,457 | +€26,954 | +17.2% |
| Debt charges | 650 | €109,144 | €124,655 | +€15,511 | +14.2% |
| Other financial charges | 652/9 | €47,359 | €58,802 | +€11,443 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €236,779 | €418,324 | +€181,545 | +76.7% |
| Income taxes | 67/77 | €66,786 | €121,854 | +€55,068 | +82.5% |
| Taxes | 670/3 | €67,045 | €121,854 | +€54,809 | +81.7% |
| Tax adjustments and reversals of tax provisions | 77 | €259 | €0 | -€259 | -100.0% |
| Profit (loss) for the period | 9904 | €169,993 | €296,470 | +€126,477 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €169,993 | €296,470 | +€126,477 | +74.4% |
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 9 October 2026 via checked.be.