TECHNITHERMIC: 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
TECHNITHERMIC
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€40,207
2023 · €39,815+€392
Equity
€500,136
2023 · €551,409-€51,273
Cash
€5,023
2023 · €5,064-€42
Balance sheet total
€704,477
2023 · €712,855-€8,378
Largest movements
Assets
- Receivables within one year -€13,616
down €13,616 (-10.3%), from €132,487 to €118,871
of which Other amounts receivable: -€34,534
Equity and liabilities
- Reserves -€51,315
down €51,315 (-9.6%), from €536,603 to €485,288
of which Distributable reserves: -€48,680
- Trade debts +€15,742
up €15,742 (+79.5%), from €19,791 to €35,534
- Debts after one year +€13,244
up €13,244 (+22.7%), from €58,407 to €71,651
- Other debts +€11,000
up €11,000 (+36.7%), from €30,000 to €41,000
Income statement
- Gross operating margin -€64,097
down €64,097 (-22.9%), from €279,531 to €215,435
- Staff costs -€62,875
down €62,875 (-46.7%), from €134,769 to €71,894
From the 2023 result to the 2024 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 2023
€39,815
Gross operating margin
-€64,097
Staff costs
+€62,875
Depreciation
+€314
Write-downs
-€780
Other operating charges
+€2,160
Financial income
+€326
Financial charges
-€1,909
Taxes
+€1,503
Result 2024
€40,207
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€150,270
Investment
-€80,050
Financing
-€70,261
Cash 2023
€5,064
From operations (derived)
+€150,270
Net result for the year
+€40,207
Depreciation
+€74,653
Receivables within one year
+€13,616
Deferred charges and accrued income
+€118
Trade debts
+€15,742
Tax, wage and social debts
-€5,066
Other debts
+€11,000
Investment (derived)
-€80,050
Investment in fixed assets (net)
-€80,050
Financing
-€70,261
Debts after one year
+€13,244
Current portion of long-term debt
+€6,151
Short-term financial debts
+€1,824
Contributions, distributions and other
-€91,480
Cash 2024
€5,023
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €712,855 | €704,477 | -€8,378 | -1.2% |
| Fixed assets | 21/28 | €569,194 | €574,591 | +€5,397 | +0.9% |
| Tangible fixed assets | 22/27 | €569,194 | €574,591 | +€5,397 | +0.9% |
| Land and buildings | 22 | €487,930 | €452,471 | -€35,459 | -7.3% |
| Plant, machinery and equipment | 23 | €1,916 | €3,200 | +€1,284 | +67.0% |
| Furniture and vehicles | 24 | €79,348 | €118,919 | +€39,571 | +49.9% |
| Current assets | 29/58 | €143,661 | €129,886 | -€13,775 | -9.6% |
| Stocks and contracts in progress | 3 | €4,832 | €4,832 | = | 0.0% |
| Stocks | 30/36 | €4,832 | €4,832 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €132,487 | €118,871 | -€13,616 | -10.3% |
| Trade receivables | 40 | €41,059 | €61,978 | +€20,918 | +50.9% |
| Other amounts receivable | 41 | €91,428 | €56,894 | -€34,534 | -37.8% |
| Cash at bank and in hand | 54/58 | €5,064 | €5,023 | -€42 | -0.8% |
| Deferred charges and accrued income | 490/1 | €1,278 | €1,160 | -€118 | -9.2% |
| Total equity and liabilities | 10/49 | €712,855 | €704,477 | -€8,378 | -1.2% |
| Equity | 10/15 | €551,409 | €500,136 | -€51,273 | -9.3% |
| Contributions | 10/11 | €14,725 | €14,725 | = | 0.0% |
| Reserves | 13 | €536,603 | €485,288 | -€51,315 | -9.6% |
| Tax-exempt reserves | 132 | €79,930 | €77,295 | -€2,635 | -3.3% |
| Distributable reserves | 133 | €456,672 | €407,992 | -€48,680 | -10.7% |
| Profit (loss) carried forward | 14 | €81 | €124 | +€42 | +51.7% |
| Provisions and deferred taxes | 16 | €3,966 | €3,966 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,966 | €3,966 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,966 | €3,966 | = | 0.0% |
| Amounts payable | 17/49 | €157,479 | €200,375 | +€42,895 | +27.2% |
| Amounts payable after more than one year | 17 | €58,407 | €71,651 | +€13,244 | +22.7% |
| Financial debts | 170/4 | €58,407 | €71,651 | +€13,244 | +22.7% |
| Amounts payable within one year | 42/48 | €99,073 | €128,724 | +€29,652 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €38,392 | €44,543 | +€6,151 | +16.0% |
| Financial debts | 43 | - | €1,824 | +€1,824 | |
| Credit institutions | 430/8 | - | €1,824 | +€1,824 | |
| Trade debts | 44 | €19,791 | €35,534 | +€15,742 | +79.5% |
| Suppliers | 440/4 | €19,791 | €35,534 | +€15,742 | +79.5% |
| Taxes, remuneration and social security | 45 | €10,889 | €5,823 | -€5,066 | -46.5% |
| Taxes | 450/3 | €10,889 | €5,823 | -€5,066 | -46.5% |
| Other amounts payable | 47/48 | €30,000 | €41,000 | +€11,000 | +36.7% |
| Remuneration, social security and pensions | 62 | €134,769 | €71,894 | -€62,875 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,967 | €74,653 | -€314 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €780 | +€780 | |
| Other operating charges | 640/8 | €6,713 | €4,553 | -€2,160 | -32.2% |
| Gross operating margin | 9900 | €279,531 | €215,435 | -€64,097 | -22.9% |
| Operating profit (loss) | 9901 | €63,082 | €63,554 | +€472 | +0.7% |
| Financial income | 75/76B | €36 | €362 | +€326 | +916.6% |
| Recurring financial income | 75 | €36 | €362 | +€326 | +916.6% |
| Financial charges | 65/66B | €4,110 | €6,019 | +€1,909 | +46.5% |
| Recurring financial charges | 65 | €4,110 | €6,019 | +€1,909 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | €59,008 | €57,897 | -€1,111 | -1.9% |
| Income taxes | 67/77 | €19,193 | €17,690 | -€1,503 | -7.8% |
| Profit (loss) for the period | 9904 | €39,815 | €40,207 | +€392 | +1.0% |
| Transfer from tax-exempt reserves | 789 | €2,635 | €2,635 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,450 | €42,842 | +€392 | +0.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.