TECHNIVOR: 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.
TECHNIVOR
Largest movements
- Receivables within one year +€106,794
up €106,794 (+272.9%), from €39,138 to €145,932
- Cash +€11,673
up €11,673 (+35.8%), from €32,580 to €44,253
mainly Net result for the year (+€59,074) and Tax, wage and social debts (+€43,867)
- Financial fixed assets +€3,500
up €3,500 (+16.4%), from €21,380 to €24,880
- Profit (loss) carried forward +€59,074
up €59,074 (+154.4%), from €38,249 to €97,323
- Tax, wage and social debts +€43,867
up €43,867 (+151.7%), from €28,910 to €72,777
of which Taxes: +€31,196
- Trade debts +€24,234
up €24,234 (+240.5%), from €10,076 to €34,311
- Other debts -€4,397
down €4,397 (-19.7%), from €22,317 to €17,920
- Gross operating margin +€107,770
up €107,770 (+99.0%), from €108,866 to €216,636
- Staff costs +€61,513
up €61,513 (+93.0%), from €66,135 to €127,647
- Taxes +€9,380
up €9,380 (+109.5%), from €8,563 to €17,943
- Depreciation +€3,683
up €3,683 (+48.7%), from €7,560 to €11,243
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 | €104,553 | €227,332 | +€122,778 | +117.4% |
| Fixed assets | 21/28 | €32,536 | €37,147 | +€4,610 | +14.2% |
| Tangible fixed assets | 22/27 | €11,156 | €12,267 | +€1,110 | +10.0% |
| Plant, machinery and equipment | 23 | €9,397 | €9,673 | +€275 | +2.9% |
| Furniture and vehicles | 24 | €1,759 | €2,594 | +€835 | +47.5% |
| Financial fixed assets | 28 | €21,380 | €24,880 | +€3,500 | +16.4% |
| Current assets | 29/58 | €72,017 | €190,185 | +€118,168 | +164.1% |
| Amounts receivable within one year | 40/41 | €39,138 | €145,932 | +€106,794 | +272.9% |
| Trade receivables | 40 | €39,138 | €145,932 | +€106,794 | +272.9% |
| Cash at bank and in hand | 54/58 | €32,580 | €44,253 | +€11,673 | +35.8% |
| Deferred charges and accrued income | 490/1 | €299 | - | -€299 | |
| Total equity and liabilities | 10/49 | €104,553 | €227,332 | +€122,778 | +117.4% |
| Equity | 10/15 | €43,249 | €102,323 | +€59,074 | +136.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,249 | €97,323 | +€59,074 | +154.4% |
| Amounts payable | 17/49 | €61,304 | €125,008 | +€63,705 | +103.9% |
| Amounts payable within one year | 42/48 | €61,304 | €125,008 | +€63,705 | +103.9% |
| Trade debts | 44 | €10,076 | €34,311 | +€24,234 | +240.5% |
| Suppliers | 440/4 | €10,076 | €34,311 | +€24,234 | +240.5% |
| Taxes, remuneration and social security | 45 | €28,910 | €72,777 | +€43,867 | +151.7% |
| Taxes | 450/3 | €14,864 | €46,060 | +€31,196 | +209.9% |
| Remuneration and social security | 454/9 | €14,046 | €26,718 | +€12,671 | +90.2% |
| Other amounts payable | 47/48 | €22,317 | €17,920 | -€4,397 | -19.7% |
| Remuneration, social security and pensions | 62 | €66,135 | €127,647 | +€61,513 | +93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,560 | €11,243 | +€3,683 | +48.7% |
| Other operating charges | 640/8 | €2,274 | €885 | -€1,390 | -61.1% |
| Gross operating margin | 9900 | €108,866 | €216,636 | +€107,770 | +99.0% |
| Operating profit (loss) | 9901 | €32,897 | €76,861 | +€43,964 | +133.6% |
| Financial income | 75/76B | €182 | €1,516 | +€1,334 | +733.9% |
| Recurring financial income | 75 | €182 | €1,516 | +€1,334 | +733.9% |
| Non-recurring financial income | 76B | €182 | €1,516 | +€1,334 | +733.9% |
| Financial charges | 65/66B | €1,316 | €1,360 | +€45 | +3.4% |
| Recurring financial charges | 65 | €1,316 | €1,360 | +€45 | +3.4% |
| Non-recurring financial charges | 66B | €1,316 | €1,360 | +€45 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €31,763 | €77,017 | +€45,254 | +142.5% |
| Income taxes | 67/77 | €8,563 | €17,943 | +€9,380 | +109.5% |
| Profit (loss) for the period | 9904 | €23,200 | €59,074 | +€35,874 | +154.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,200 | €59,074 | +€35,874 | +154.6% |
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 2 October 2026 via checked.be.