TECHNIGROUP: 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
TECHNIGROUP
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €1.7m-€151,435
Equity
€3.8m
2024 · €2.2m+€1.6m
Cash
€910,502
2024 · €579,016+€331,486
Balance sheet total
€12.9m
2024 · €11.5m+€1.4m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+20.5%), from €5.6m to €6.7m
of which Trade receivables: +€1.2m
- Current investments -€700,000
down €700,000 (-100.0%), from €700,000 to €0
- Tangible fixed assets +€500,969
up €500,969 (+20.9%), from €2.4m to €2.9m
of which Other tangible fixed assets: +€283,950
- Cash +€331,486
up €331,486 (+57.2%), from €579,016 to €910,502
mainly Short-term financial debts (+€2.1m) and Net result for the year (+€1.6m)
Equity and liabilities
- Other debts -€2.7m
down €2.7m (-96.4%), from €2.8m to €100,000
- Short-term financial debts +€2.1m
up €2.1m (+297.1%), from €693,423 to €2.8m
- Profit (loss) carried forward +€1.6m
up €1.6m (+252.0%), from €615,463 to €2.2m
- Advances received +€513,165
up €513,165 (+35.4%), from €1.4m to €2.0m
Income statement
- Goods and materials -€511,267
down €511,267 (-5.2%), from €9.9m to €9.4m
of which Purchases: -€458,796
- Turnover +€279,590
up €279,590 (+1.2%), from €24.3m to €24.6m
- Staff costs +€274,608
up €274,608 (+3.4%), from €8.2m to €8.4m
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
€1.7m
Turnover
+€279,590
Other operating income
-€77,055
Goods and materials
+€511,267
Services and other goods
+€3,568
Staff costs
-€274,608
Depreciation
-€11,491
Write-downs
-€68,411
Other operating charges
+€15,462
Other operating items
-€456,515
Financial income
-€5,102
Financial charges
-€117,014
Taxes
+€48,874
Result 2025
€1.6m
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
-€1.1m
Investment
-€462,186
Financing
+€1.9m
Cash 2024
€579,016
From operations (derived)
-€1.1m
Net result for the year
+€1.6m
Depreciation
+€604,794
Stocks and contracts
+€12,621
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€63,676
Trade debts
+€120,588
Smaller working-capital items
-€3,116
Advances received
+€513,165
Other debts
-€2.7m
Investment (derived)
-€462,186
Investment in fixed assets (net)
-€1.2m
Current investments
+€700,000
Financing
+€1.9m
Debts after one year
-€59,499
Current portion of long-term debt
-€117,095
Short-term financial debts
+€2.1m
Cash 2025
€910,502
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,480,698 | €12,861,203 | +€1.4m | +12.0% |
| Fixed assets | 21/28 | €2,409,421 | €2,966,812 | +€557,391 | +23.1% |
| Intangible fixed assets | 21 | €9,108 | €65,530 | +€56,422 | +619.5% |
| Tangible fixed assets | 22/27 | €2,399,429 | €2,900,398 | +€500,969 | +20.9% |
| Land and buildings | 22 | €610,336 | €716,167 | +€105,831 | +17.3% |
| Plant, machinery and equipment | 23 | €637,996 | €572,018 | -€65,978 | -10.3% |
| Furniture and vehicles | 24 | €989,195 | €1,115,076 | +€125,881 | +12.7% |
| Other tangible fixed assets | 26 | €8,578 | €292,528 | +€283,950 | +3310.2% |
| Assets under construction and advance payments | 27 | €153,323 | €204,608 | +€51,284 | +33.4% |
| Financial fixed assets | 28 | €884 | €884 | = | 0.0% |
| Other financial fixed assets | 284/8 | €884 | €884 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €884 | €884 | = | 0.0% |
| Current assets | 29/58 | €9,071,277 | €9,894,391 | +€823,114 | +9.1% |
| Stocks and contracts in progress | 3 | €2,183,822 | €2,171,201 | -€12,621 | -0.6% |
| Stocks | 30/36 | €1,187,027 | €1,234,831 | +€47,804 | +4.0% |
| Raw materials and consumables | 30/31 | €1,187,027 | €1,234,831 | +€47,804 | +4.0% |
| Contracts in progress | 37 | €996,795 | €936,370 | -€60,425 | -6.1% |
| Amounts receivable within one year | 40/41 | €5,564,911 | €6,705,484 | +€1.1m | +20.5% |
| Trade receivables | 40 | €5,150,511 | €6,378,400 | +€1.2m | +23.8% |
| Other amounts receivable | 41 | €414,401 | €327,084 | -€87,317 | -21.1% |
| Current investments | 50/53 | €700,000 | €0 | -€700,000 | -100.0% |
| Other investments | 51/53 | €700,000 | €0 | -€700,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €579,016 | €910,502 | +€331,486 | +57.2% |
| Deferred charges and accrued income | 490/1 | €43,528 | €107,204 | +€63,676 | +146.3% |
| Total equity and liabilities | 10/49 | €11,480,698 | €12,861,203 | +€1.4m | +12.0% |
| Equity | 10/15 | €2,222,804 | €3,789,392 | +€1.6m | +70.5% |
| Contributions | 10/11 | €1,112,019 | €1,112,019 | = | 0.0% |
| Capital | 10 | €1,112,000 | €1,112,000 | = | 0.0% |
| Issued capital | 100 | €1,112,000 | €1,112,000 | = | 0.0% |
| Outside capital | 11 | €19 | €19 | = | 0.0% |
| Share premium | 1100/10 | €19 | €19 | = | 0.0% |
| Reserves | 13 | €495,323 | €511,200 | +€15,877 | +3.2% |
| Non-distributable reserves | 130/1 | €95,323 | €111,200 | +€15,877 | +16.7% |
| Legal reserve | 130 | €95,323 | €111,200 | +€15,877 | +16.7% |
| Distributable reserves | 133 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €615,463 | €2,166,173 | +€1.6m | +252.0% |
| Amounts payable | 17/49 | €9,257,893 | €9,071,811 | -€186,082 | -2.0% |
| Amounts payable after more than one year | 17 | €818,042 | €758,543 | -€59,499 | -7.3% |
| Financial debts | 170/4 | €818,042 | €758,543 | -€59,499 | -7.3% |
| Credit institutions | 173 | €818,042 | €758,543 | -€59,499 | -7.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €8,411,914 | €8,290,324 | -€121,590 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €481,334 | €364,239 | -€117,095 | -24.3% |
| Financial debts | 43 | €693,423 | €2,753,298 | +€2.1m | +297.1% |
| Credit institutions | 430/8 | €693,423 | €2,753,298 | +€2.1m | +297.1% |
| Trade debts | 44 | €1,804,711 | €1,925,299 | +€120,588 | +6.7% |
| Suppliers | 440/4 | €1,804,711 | €1,925,299 | +€120,588 | +6.7% |
| Advances received on contracts in progress | 46 | €1,448,699 | €1,961,865 | +€513,165 | +35.4% |
| Taxes, remuneration and social security | 45 | €1,183,747 | €1,185,623 | +€1,876 | +0.2% |
| Taxes | 450/3 | €96,541 | €107,886 | +€11,345 | +11.8% |
| Remuneration and social security | 454/9 | €1,087,206 | €1,077,737 | -€9,469 | -0.9% |
| Other amounts payable | 47/48 | €2,800,000 | €100,000 | -€2.7m | -96.4% |
| Accrued charges and deferred income | 492/3 | €27,937 | €22,944 | -€4,993 | -17.9% |
| Operating income | 70/76A | €25,381,625 | €25,136,224 | -€245,401 | -1.0% |
| Turnover | 70 | €24,301,045 | €24,580,635 | +€279,590 | +1.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €139,932 | -€573,590 | -€713,522 | |
| Own construction capitalised | 72 | €365,406 | €622,645 | +€257,239 | +70.4% |
| Other operating income | 74 | €571,895 | €494,840 | -€77,055 | -13.5% |
| Non-recurring operating income | 76A | €3,347 | €11,694 | +€8,347 | +249.4% |
| Operating charges | 60/66A | €22,898,510 | €22,731,302 | -€167,208 | -0.7% |
| Goods for resale, raw materials and consumables | 60 | €9,908,570 | €9,397,303 | -€511,267 | -5.2% |
| Purchases | 600/8 | €9,903,903 | €9,445,107 | -€458,796 | -4.6% |
| Change in stocks: decrease (increase) | 609 | €4,667 | -€47,804 | -€52,471 | |
| Services and other goods | 61 | €4,096,413 | €4,092,845 | -€3,568 | -0.1% |
| Remuneration, social security and pensions | 62 | €8,166,490 | €8,441,098 | +€274,608 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €593,303 | €604,794 | +€11,491 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €60,000 | €128,411 | +€68,411 | +114.0% |
| Other operating charges | 640/8 | €73,733 | €58,272 | -€15,462 | -21.0% |
| Non-recurring operating charges | 66A | €0 | €8,578 | +€8,578 | |
| Operating profit (loss) | 9901 | €2,483,115 | €2,404,922 | -€78,193 | -3.1% |
| Financial income | 75/76B | €55,400 | €50,298 | -€5,102 | -9.2% |
| Recurring financial income | 75 | €55,400 | €50,298 | -€5,102 | -9.2% |
| Income from financial fixed assets | 750 | €9,012 | €14,112 | +€5,100 | +56.6% |
| Other financial income | 752/9 | €46,388 | €36,186 | -€10,202 | -22.0% |
| Financial charges | 65/66B | €154,417 | €271,430 | +€117,014 | +75.8% |
| Recurring financial charges | 65 | €154,417 | €271,430 | +€117,014 | +75.8% |
| Debt charges | 650 | €145,534 | €264,614 | +€119,080 | +81.8% |
| Other financial charges | 652/9 | €8,883 | €6,817 | -€2,066 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €2,384,099 | €2,183,790 | -€200,309 | -8.4% |
| Income taxes | 67/77 | €666,076 | €617,202 | -€48,874 | -7.3% |
| Taxes | 670/3 | €666,076 | €617,202 | -€48,874 | -7.3% |
| Profit (loss) for the period | 9904 | €1,718,023 | €1,566,588 | -€151,435 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,718,023 | €1,566,588 | -€151,435 | -8.8% |
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 3 October 2026 via checked.be.