TECHNIQUES DE FIXATION ET D'ASSEMBLAGE: 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.
TECHNIQUES DE FIXATION ET D'ASSEMBLAGE
Largest movements
- Stocks and contracts +€124,386
up €124,386 (+34.4%), from €361,869 to €486,255
- Cash -€60,634
down €60,634 (-16.7%), from €362,710 to €302,076
mainly Contributions, distributions and other (-€290,538) and Stocks and contracts (-€124,386)
- Receivables within one year +€42,995
up €42,995 (+7.3%), from €585,402 to €628,396
of which Trade receivables: +€43,610
- Tangible fixed assets -€25,662
down €25,662 (-7.6%), from €335,554 to €309,892
of which Land and buildings: -€35,693
- Profit (loss) carried forward +€112,090
up €112,090 (+21.8%), from €514,241 to €626,331
- Debts after one year -€58,096
down €58,096 (-45.9%), from €126,547 to €68,451
- Accrued charges and deferred income +€45,105
up €45,105 (+913%), from €4,939 to €50,044
- Tax, wage and social debts +€26,720
up €26,720 (+37.4%), from €71,443 to €98,163
of which Remuneration and social security: +€24,875
- Other debts -€20,435
down €20,435 (-6.6%), from €308,268 to €287,833
- Gross operating margin +€259,809
up €259,809 (+39.6%), from €656,619 to €916,428
- Staff costs +€77,607
up €77,607 (+23.4%), from €332,175 to €409,782
- Taxes +€26,435
up €26,435 (+117%), from €22,608 to €49,043
- Other operating charges +€13,505
up €13,505 (+215%), from €6,268 to €19,773
- Write-downs -€13,379
down €13,379, from €2,311 to -€11,068
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 | €1,676,194 | €1,761,765 | +€85,572 | +5.1% |
| Fixed assets | 21/28 | €365,898 | €329,612 | -€36,286 | -9.9% |
| Intangible fixed assets | 21 | €30,153 | €19,530 | -€10,623 | -35.2% |
| Tangible fixed assets | 22/27 | €335,554 | €309,892 | -€25,662 | -7.6% |
| Land and buildings | 22 | €330,132 | €294,439 | -€35,693 | -10.8% |
| Plant, machinery and equipment | 23 | - | €3,947 | +€3,947 | |
| Furniture and vehicles | 24 | €5,423 | €11,507 | +€6,084 | +112% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €1,310,296 | €1,432,153 | +€121,857 | +9.3% |
| Stocks and contracts in progress | 3 | €361,869 | €486,255 | +€124,386 | +34.4% |
| Stocks | 30/36 | €361,869 | €486,255 | +€124,386 | +34.4% |
| Amounts receivable within one year | 40/41 | €585,402 | €628,396 | +€42,995 | +7.3% |
| Trade receivables | 40 | €557,135 | €600,746 | +€43,610 | +7.8% |
| Other amounts receivable | 41 | €28,266 | €27,651 | -€615 | -2.2% |
| Cash at bank and in hand | 54/58 | €362,710 | €302,076 | -€60,634 | -16.7% |
| Deferred charges and accrued income | 490/1 | €314 | €15,425 | +€15,110 | +4,809% |
| Total equity and liabilities | 10/49 | €1,676,194 | €1,761,765 | +€85,572 | +5.1% |
| Equity | 10/15 | €732,734 | €841,682 | +€108,947 | +14.9% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €111,720 | €111,720 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €105,720 | €105,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €514,241 | €626,331 | +€112,090 | +21.8% |
| Investment grants | 15 | €32,373 | €29,230 | -€3,143 | -9.7% |
| Amounts payable | 17/49 | €943,459 | €920,083 | -€23,376 | -2.5% |
| Amounts payable after more than one year | 17 | €126,547 | €68,451 | -€58,096 | -45.9% |
| Financial debts | 170/4 | €126,547 | €68,451 | -€58,096 | -45.9% |
| Amounts payable within one year | 42/48 | €811,972 | €801,588 | -€10,384 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €57,568 | €58,096 | +€528 | +0.9% |
| Trade debts | 44 | €374,693 | €357,496 | -€17,197 | -4.6% |
| Suppliers | 440/4 | €374,693 | €357,496 | -€17,197 | -4.6% |
| Taxes, remuneration and social security | 45 | €71,443 | €98,163 | +€26,720 | +37.4% |
| Taxes | 450/3 | €29,111 | €30,956 | +€1,845 | +6.3% |
| Remuneration and social security | 454/9 | €42,331 | €67,206 | +€24,875 | +58.8% |
| Other amounts payable | 47/48 | €308,268 | €287,833 | -€20,435 | -6.6% |
| Accrued charges and deferred income | 492/3 | €4,939 | €50,044 | +€45,105 | +913% |
| Non-recurring operating income | 76A | €7,070 | €6,612 | -€458 | -6.5% |
| Remuneration, social security and pensions | 62 | €332,175 | €409,782 | +€77,607 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,677 | €49,434 | +€2,757 | +5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,311 | -€11,068 | -€13,379 | |
| Other operating charges | 640/8 | €6,268 | €19,773 | +€13,505 | +215% |
| Gross operating margin | 9900 | €656,619 | €916,428 | +€259,809 | +39.6% |
| Operating profit (loss) | 9901 | €269,188 | €448,507 | +€179,320 | +66.6% |
| Financial income | 75/76B | €2,879 | €3,525 | +€646 | +22.5% |
| Recurring financial income | 75 | €2,879 | €3,525 | +€646 | +22.5% |
| Financial charges | 65/66B | €4,687 | €3,504 | -€1,183 | -25.2% |
| Recurring financial charges | 65 | €4,687 | €3,504 | -€1,183 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €267,379 | €448,528 | +€181,149 | +67.7% |
| Income taxes | 67/77 | €22,608 | €49,043 | +€26,435 | +117% |
| Profit (loss) for the period | 9904 | €244,771 | €399,485 | +€154,714 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €244,771 | €399,485 | +€154,714 | +63.2% |
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 18 October 2026 via checked.be.