TECHNICS IS ART: 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.
TECHNICS IS ART
Largest movements
- Cash +€81,741
up €81,741 (+29.6%), from €276,194 to €357,936
mainly Net result for the year (+€61,763) and Trade debts (+€18,013)
- Receivables within one year +€17,010
up €17,010 (+485%), from €3,509 to €20,519
of which Trade receivables: +€12,829
- Tangible fixed assets -€13,643
down €13,643 (-39.8%), from €34,296 to €20,653
of which Land and buildings: -€7,410
- Reserves +€61,763
up €61,763 (+28.8%), from €214,786 to €276,549
of which Distributable reserves: +€61,763
- Trade debts +€18,013
up €18,013 (+398%), from €4,528 to €22,541
- Tax, wage and social debts +€9,232
up €9,232 (+37.6%), from €24,543 to €33,775
of which Taxes: +€9,232
- Debts after one year -€6,559
down €6,559 (-53.7%), from €12,205 to €5,646
- Gross operating margin -€15,228
down €15,228 (-13.4%), from €113,545 to €98,316
- Taxes -€7,054
down €7,054 (-24.2%), from €29,158 to €22,104
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 | €317,026 | €400,942 | +€83,915 | +26.5% |
| Fixed assets | 21/28 | €34,796 | €21,153 | -€13,643 | -39.2% |
| Tangible fixed assets | 22/27 | €34,296 | €20,653 | -€13,643 | -39.8% |
| Land and buildings | 22 | €20,304 | €12,894 | -€7,410 | -36.5% |
| Plant, machinery and equipment | 23 | €1,830 | €1,070 | -€760 | -41.5% |
| Furniture and vehicles | 24 | €12,161 | €6,689 | -€5,473 | -45.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €282,231 | €379,788 | +€97,558 | +34.6% |
| Amounts receivable within one year | 40/41 | €3,509 | €20,519 | +€17,010 | +485% |
| Trade receivables | 40 | €3,509 | €16,338 | +€12,829 | +366% |
| Other amounts receivable | 41 | - | €4,181 | +€4,181 | |
| Cash at bank and in hand | 54/58 | €276,194 | €357,936 | +€81,741 | +29.6% |
| Deferred charges and accrued income | 490/1 | €2,528 | €1,334 | -€1,193 | -47.2% |
| Total equity and liabilities | 10/49 | €317,026 | €400,942 | +€83,915 | +26.5% |
| Equity | 10/15 | €261,925 | €323,688 | +€61,763 | +23.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €214,786 | €276,549 | +€61,763 | +28.8% |
| 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 | €212,926 | €274,689 | +€61,763 | +29.0% |
| Profit (loss) carried forward | 14 | €28,539 | €28,539 | = | 0.0% |
| Amounts payable | 17/49 | €55,101 | €77,254 | +€22,152 | +40.2% |
| Amounts payable after more than one year | 17 | €12,205 | €5,646 | -€6,559 | -53.7% |
| Financial debts | 170/4 | €12,205 | €5,646 | -€6,559 | -53.7% |
| Amounts payable within one year | 42/48 | €41,481 | €70,192 | +€28,711 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €6,330 | €6,559 | +€228 | +3.6% |
| Trade debts | 44 | €4,528 | €22,541 | +€18,013 | +398% |
| Suppliers | 440/4 | €4,528 | €22,541 | +€18,013 | +398% |
| Taxes, remuneration and social security | 45 | €24,543 | €33,775 | +€9,232 | +37.6% |
| Taxes | 450/3 | €11,947 | €21,179 | +€9,232 | +77.3% |
| Remuneration and social security | 454/9 | €12,596 | €12,596 | = | 0.0% |
| Other amounts payable | 47/48 | €6,080 | €7,317 | +€1,238 | +20.4% |
| Accrued charges and deferred income | 492/3 | €1,416 | €1,416 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,307 | €13,643 | +€336 | +2.5% |
| Other operating charges | 640/8 | €1,110 | €1,344 | +€234 | +21.1% |
| Gross operating margin | 9900 | €113,545 | €98,316 | -€15,228 | -13.4% |
| Operating profit (loss) | 9901 | €99,128 | €83,330 | -€15,798 | -15.9% |
| Financial income | 75/76B | €1,378 | €1,359 | -€19 | -1.3% |
| Recurring financial income | 75 | €1,378 | €1,359 | -€19 | -1.3% |
| Financial charges | 65/66B | €1,041 | €822 | -€219 | -21.0% |
| Recurring financial charges | 65 | €1,041 | €822 | -€219 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €99,465 | €83,867 | -€15,598 | -15.7% |
| Income taxes | 67/77 | €29,158 | €22,104 | -€7,054 | -24.2% |
| Profit (loss) for the period | 9904 | €70,307 | €61,763 | -€8,544 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,307 | €61,763 | -€8,544 | -12.2% |
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 21 October 2026 via checked.be.