TECHNICS & APPLICATIONS: 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
TECHNICS & APPLICATIONS
NACE 22.240, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.0m
2024 · €3.6m+€410,075
Equity
€23.6m
2024 · €19.6m+€4.0m
Cash
€2.9m
2024 · €958,673+€1.9m
Balance sheet total
€34.1m
2024 · €25.7m+€8.4m
Largest movements
Assets
- Financial fixed assets +€3.9m
up €3.9m (+46.3%), from €8.4m to €12.3m
of which Affiliated companies: +€3.9m
- Cash +€1.9m
up €1.9m (+199.4%), from €958,673 to €2.9m
mainly Trade debts (+€4.6m) and Net result for the year (+€4.0m)
- Stocks and contracts +€1.6m
up €1.6m (+25.6%), from €6.1m to €7.7m
- Current investments +€1.0m
up €1.0m (+33.3%), from €3.0m to €4.0m
- Receivables within one year +€549,046
up €549,046 (+17.4%), from €3.2m to €3.7m
of which Other amounts receivable: +€510,083
Equity and liabilities
- Trade debts +€4.6m
up €4.6m (+158.6%), from €2.9m to €7.4m
- Profit (loss) carried forward +€3.2m
up €3.2m (+35.5%), from €9.0m to €12.1m
- Reserves +€842,000
up €842,000 (+8.0%), from €10.5m to €11.3m
of which Tax-exempt reserves: +€484,150
Income statement
- Turnover +€3.7m
up €3.7m (+8.8%), from €41.7m to €45.4m
- Services and other goods +€938,542
up €938,542 (+9.5%), from €9.8m to €10.8m
- Goods and materials +€910,139
up €910,139 (+4.2%), from €21.6m to €22.5m
of which Purchases: +€2.6m
- Other operating income -€863,022
down €863,022 (-79.9%), from €1.1m to €217,738
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
€3.6m
Turnover
+€3.7m
Other operating income
-€863,022
Goods and materials
-€910,139
Services and other goods
-€938,542
Staff costs
+€199,957
Depreciation
-€74,377
Write-downs
+€21,001
Other operating charges
-€280,947
Other operating items
+€73,595
Financial income
-€1,051
Financial charges
-€293,033
Taxes
-€207,361
Result 2025
€4.0m
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
+€7.6m
Investment
-€5.5m
Financing
-€160,581
Cash 2024
€958,673
From operations (derived)
+€7.6m
Net result for the year
+€4.0m
Depreciation
+€1.1m
Stocks and contracts
-€1.6m
Receivables within one year
-€549,046
Deferred charges and accrued income
-€14,140
Trade debts
+€4.6m
Tax, wage and social debts
-€265,654
Advances received
+€273,721
Accrued charges and deferred income
-€147
Investment (derived)
-€5.5m
Investment in fixed assets (net)
-€4.5m
Current investments
-€1.0m
Financing
-€160,581
Debts after one year
-€105,298
Current portion of long-term debt
-€55,283
Cash 2025
€2.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,687,199 | €34,104,570 | +€8.4m | +32.8% |
| Fixed assets | 21/28 | €12,411,128 | €15,785,375 | +€3.4m | +27.2% |
| Intangible fixed assets | 21 | €542,197 | €496,642 | -€45,555 | -8.4% |
| Tangible fixed assets | 22/27 | €3,466,131 | €2,993,975 | -€472,157 | -13.6% |
| Plant, machinery and equipment | 23 | €2,051,538 | €1,627,885 | -€423,653 | -20.7% |
| Furniture and vehicles | 24 | €312,914 | €209,132 | -€103,782 | -33.2% |
| Leasing and similar rights | 25 | €646,759 | €608,870 | -€37,890 | -5.9% |
| Other tangible fixed assets | 26 | €454,920 | €548,088 | +€93,169 | +20.5% |
| Financial fixed assets | 28 | €8,402,800 | €12,294,759 | +€3.9m | +46.3% |
| Affiliated companies | 280/1 | €8,400,000 | €12,291,459 | +€3.9m | +46.3% |
| Participating interests | 280 | - | €191,459 | +€191,459 | |
| Amounts receivable | 281 | €8,400,000 | €12,100,000 | +€3.7m | +44.0% |
| Other financial fixed assets | 284/8 | €2,800 | €3,300 | +€500 | +17.9% |
| Amounts receivable and cash guarantees | 285/8 | €2,800 | €3,300 | +€500 | +17.9% |
| Current assets | 29/58 | €13,276,071 | €18,319,195 | +€5.0m | +38.0% |
| Stocks and contracts in progress | 3 | €6,135,276 | €7,703,702 | +€1.6m | +25.6% |
| Stocks | 30/36 | €6,135,276 | €7,703,702 | +€1.6m | +25.6% |
| Goods purchased for resale | 34 | €6,135,276 | €7,703,702 | +€1.6m | +25.6% |
| Amounts receivable within one year | 40/41 | €3,151,698 | €3,700,745 | +€549,046 | +17.4% |
| Trade receivables | 40 | €2,600,663 | €2,639,626 | +€38,963 | +1.5% |
| Other amounts receivable | 41 | €551,035 | €1,061,119 | +€510,083 | +92.6% |
| Current investments | 50/53 | €3,000,000 | €4,000,000 | +€1.0m | +33.3% |
| Other investments | 51/53 | €3,000,000 | €4,000,000 | +€1.0m | +33.3% |
| Cash at bank and in hand | 54/58 | €958,673 | €2,870,185 | +€1.9m | +199.4% |
| Deferred charges and accrued income | 490/1 | €30,423 | €44,563 | +€14,140 | +46.5% |
| Total equity and liabilities | 10/49 | €25,687,199 | €34,104,570 | +€8.4m | +32.8% |
| Equity | 10/15 | €19,550,485 | €23,569,416 | +€4.0m | +20.6% |
| Contributions | 10/11 | €137,500 | €137,500 | = | 0.0% |
| Reserves | 13 | €10,462,626 | €11,304,626 | +€842,000 | +8.0% |
| Tax-exempt reserves | 132 | €1,740,250 | €2,224,400 | +€484,150 | +27.8% |
| Distributable reserves | 133 | €8,722,376 | €9,080,226 | +€357,850 | +4.1% |
| Profit (loss) carried forward | 14 | €8,950,359 | €12,127,290 | +€3.2m | +35.5% |
| Amounts payable | 17/49 | €6,136,714 | €10,535,154 | +€4.4m | +71.7% |
| Amounts payable after more than one year | 17 | €197,876 | €92,578 | -€105,298 | -53.2% |
| Financial debts | 170/4 | €197,876 | €92,578 | -€105,298 | -53.2% |
| Leasing and similar obligations | 172 | €177,133 | €90,334 | -€86,798 | -49.0% |
| Credit institutions | 173 | €20,743 | €2,243 | -€18,500 | -89.2% |
| Amounts payable within one year | 42/48 | €5,938,692 | €10,442,577 | +€4.5m | +75.8% |
| Current portion of amounts payable after more than one year | 42 | €112,931 | €57,648 | -€55,283 | -49.0% |
| Trade debts | 44 | €2,869,021 | €7,420,122 | +€4.6m | +158.6% |
| Suppliers | 440/4 | €2,869,021 | €7,420,122 | +€4.6m | +158.6% |
| Advances received on contracts in progress | 46 | - | €273,721 | +€273,721 | |
| Taxes, remuneration and social security | 45 | €1,056,740 | €791,085 | -€265,654 | -25.1% |
| Taxes | 450/3 | €278,875 | €128,116 | -€150,759 | -54.1% |
| Remuneration and social security | 454/9 | €777,865 | €662,969 | -€114,896 | -14.8% |
| Other amounts payable | 47/48 | €1,900,000 | €1,900,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €147 | €0 | -€147 | -100.0% |
| Operating income | 70/76A | €42,788,336 | €45,694,305 | +€2.9m | +6.8% |
| Turnover | 70 | €41,696,716 | €45,380,711 | +€3.7m | +8.8% |
| Own construction capitalised | 72 | - | €84,465 | +€84,465 | |
| Other operating income | 74 | €1,080,760 | €217,738 | -€863,022 | -79.9% |
| Non-recurring operating income | 76A | €10,860 | €11,391 | +€531 | +4.9% |
| Operating charges | 60/66A | €38,169,751 | €40,164,199 | +€2.0m | +5.2% |
| Goods for resale, raw materials and consumables | 60 | €21,572,241 | €22,482,380 | +€910,139 | +4.2% |
| Purchases | 600/8 | €21,542,597 | €24,097,408 | +€2.6m | +11.9% |
| Change in stocks: decrease (increase) | 609 | €29,644 | -€1,615,028 | -€1.6m | |
| Services and other goods | 61 | €9,837,733 | €10,776,275 | +€938,542 | +9.5% |
| Remuneration, social security and pensions | 62 | €5,564,724 | €5,364,767 | -€199,957 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,052,309 | €1,126,686 | +€74,377 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €67,603 | €46,602 | -€21,001 | -31.1% |
| Other operating charges | 640/8 | €75,139 | €356,087 | +€280,947 | +373.9% |
| Non-recurring operating charges | 66A | - | €11,402 | +€11,402 | |
| Operating profit (loss) | 9901 | €4,618,585 | €5,530,106 | +€911,521 | +19.7% |
| Financial income | 75/76B | €253,202 | €252,151 | -€1,051 | -0.4% |
| Recurring financial income | 75 | €253,202 | €252,151 | -€1,051 | -0.4% |
| Income from financial fixed assets | 750 | - | €12,444 | +€12,444 | |
| Income from current assets | 751 | €65,188 | €43,416 | -€21,773 | -33.4% |
| Other financial income | 752/9 | €188,013 | €196,291 | +€8,278 | +4.4% |
| Financial charges | 65/66B | €106,632 | €399,665 | +€293,033 | +274.8% |
| Recurring financial charges | 65 | €106,632 | €399,665 | +€293,033 | +274.8% |
| Debt charges | 650 | €16,376 | €10,114 | -€6,263 | -38.2% |
| Other financial charges | 652/9 | €90,256 | €389,552 | +€299,296 | +331.6% |
| Profit (loss) for the period before taxes | 9903 | €4,765,155 | €5,382,591 | +€617,436 | +13.0% |
| Income taxes | 67/77 | €1,156,300 | €1,363,661 | +€207,361 | +17.9% |
| Taxes | 670/3 | €1,156,300 | €1,368,025 | +€211,725 | +18.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €4,364 | +€4,364 | |
| Profit (loss) for the period | 9904 | €3,608,855 | €4,018,931 | +€410,075 | +11.4% |
| Transfer to tax-exempt reserves | 689 | €842,000 | €842,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,766,855 | €3,176,931 | +€410,075 | +14.8% |
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 30 September 2026 via checked.be.