TECHNIDEL: 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.
TECHNIDEL
Largest movements
- Cash +€57,847
up €57,847 (+21.6%), from €267,662 to €325,509
mainly Net result for the year (+€28,726) and Receivables within one year (+€19,076)
- Receivables within one year -€19,076
down €19,076 (-66.7%), from €28,620 to €9,544
of which Trade receivables: -€14,177
- Reserves +€28,726
up €28,726 (+89.9%), from €31,961 to €60,687
- Other debts +€9,621
up €9,621 (+8.6%), from €111,996 to €121,617
- Trade debts -€6,079
down €6,079 (-57.3%), from €10,603 to €4,524
- Tax, wage and social debts +€4,092
up €4,092 (+86.3%), from €4,743 to €8,835
of which Taxes: +€8,092
- Gross operating margin +€41,774
up €41,774 (+682.6%), from €6,120 to €47,894
- Taxes +€10,067
up €10,067 (+4009.8%), from €251 to €10,319
- Depreciation -€1,310
down €1,310 (-64.7%), from €2,025 to €714
- Financial income +€533
up €533 (+55.4%), from €962 to €1,496
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,447 | €338,440 | +€35,993 | +11.9% |
| Fixed assets | 21/28 | €1,953 | €1,239 | -€714 | -36.6% |
| Tangible fixed assets | 22/27 | €1,778 | €1,064 | -€714 | -40.2% |
| Plant, machinery and equipment | 23 | €1,778 | €1,064 | -€714 | -40.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €300,494 | €337,202 | +€36,708 | +12.2% |
| Stocks and contracts in progress | 3 | €3,484 | €1,393 | -€2,091 | -60.0% |
| Stocks | 30/36 | €3,484 | €1,393 | -€2,091 | -60.0% |
| Amounts receivable within one year | 40/41 | €28,620 | €9,544 | -€19,076 | -66.7% |
| Trade receivables | 40 | €23,394 | €9,216 | -€14,177 | -60.6% |
| Other amounts receivable | 41 | €5,226 | €328 | -€4,899 | -93.7% |
| Cash at bank and in hand | 54/58 | €267,662 | €325,509 | +€57,847 | +21.6% |
| Deferred charges and accrued income | 490/1 | €728 | €756 | +€28 | +3.8% |
| Total equity and liabilities | 10/49 | €302,447 | €338,440 | +€35,993 | +11.9% |
| Equity | 10/15 | €166,468 | €195,194 | +€28,726 | +17.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,961 | €60,687 | +€28,726 | +89.9% |
| Distributable reserves | 133 | €31,961 | €60,687 | +€28,726 | +89.9% |
| Profit (loss) carried forward | 14 | €115,914 | €115,914 | = | 0.0% |
| Amounts payable | 17/49 | €135,979 | €143,247 | +€7,268 | +5.3% |
| Amounts payable within one year | 42/48 | €127,343 | €134,977 | +€7,634 | +6.0% |
| Trade debts | 44 | €10,603 | €4,524 | -€6,079 | -57.3% |
| Suppliers | 440/4 | €10,603 | €4,524 | -€6,079 | -57.3% |
| Taxes, remuneration and social security | 45 | €4,743 | €8,835 | +€4,092 | +86.3% |
| Taxes | 450/3 | €743 | €8,835 | +€8,092 | +1088.6% |
| Remuneration and social security | 454/9 | €4,000 | €0 | -€4,000 | -100.0% |
| Other amounts payable | 47/48 | €111,996 | €121,617 | +€9,621 | +8.6% |
| Accrued charges and deferred income | 492/3 | €8,637 | €8,270 | -€367 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,025 | €714 | -€1,310 | -64.7% |
| Other operating charges | 640/8 | €1,095 | €1,117 | +€22 | +2.0% |
| Gross operating margin | 9900 | €6,120 | €47,894 | +€41,774 | +682.6% |
| Operating profit (loss) | 9901 | €3,001 | €46,062 | +€43,062 | +1435.1% |
| Financial income | 75/76B | €962 | €1,496 | +€533 | +55.4% |
| Recurring financial income | 75 | €962 | €1,496 | +€533 | +55.4% |
| Financial charges | 65/66B | €8,810 | €8,514 | -€296 | -3.4% |
| Recurring financial charges | 65 | €8,810 | €8,514 | -€296 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,847 | €39,044 | +€43,891 | |
| Income taxes | 67/77 | €251 | €10,319 | +€10,067 | +4009.8% |
| Profit (loss) for the period | 9904 | -€5,098 | €28,726 | +€33,823 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,098 | €28,726 | +€33,823 |
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 4 October 2026 via checked.be.