TECHNO.BEL: 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.
TECHNO.BEL
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Tangible fixed assets +€157,121
up €157,121 (+22.3%), from €705,884 to €863,005
of which Furniture and vehicles: +€166,041
- Cash +€53,164
up €53,164 (+4.6%), from €1.2m to €1.2m
mainly Accrued charges and deferred income (+€771,125) and Depreciation (+€319,260)
- Accrued charges and deferred income +€771,125
up €771,125 (+127.7%), from €603,706 to €1.4m
- Reserves +€219,863
up €219,863 (+52.4%), from €419,502 to €639,365
- Investment grants +€159,004
up €159,004 (+24.7%), from €643,076 to €802,080
- Debts within one year +€48,128
up €48,128 (+18.6%), from €258,539 to €306,667
of which Trade debts: +€28,404
- Gross operating margin +€750,067
up €750,067 (+68.6%), from €1.1m to €1.8m
- Depreciation +€117,772
up €117,772 (+58.5%), from €201,489 to €319,260
- Staff costs +€73,551
up €73,551 (+6.2%), from €1.2m to €1.3m
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 | €2,286,128 | €3,512,173 | +€1.2m | +53.6% |
| Fixed assets | 21/28 | €712,844 | €869,965 | +€157,121 | +22.0% |
| Tangible fixed assets | 22/27 | €705,884 | €863,005 | +€157,121 | +22.3% |
| Furniture and vehicles | 24 | €505,909 | €671,949 | +€166,041 | +32.8% |
| Other tangible fixed assets | 26 | €199,976 | €191,056 | -€8,920 | -4.5% |
| Financial fixed assets | 28 | €6,960 | €6,960 | = | 0.0% |
| Current assets | 29/58 | €1,573,284 | €2,642,208 | +€1.1m | +67.9% |
| Amounts receivable within one year | 40/41 | €377,763 | €365,926 | -€11,836 | -3.1% |
| Trade receivables | 40 | €376,513 | €279,217 | -€97,296 | -25.8% |
| Other amounts receivable | 41 | €1,250 | €86,710 | +€85,460 | +6836.8% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €1,161,317 | €1,214,481 | +€53,164 | +4.6% |
| Deferred charges and accrued income | 490/1 | €34,204 | €61,800 | +€27,596 | +80.7% |
| Total equity and liabilities | 10/49 | €2,286,128 | €3,512,173 | +€1.2m | +53.6% |
| Equity | 10/15 | €1,395,958 | €1,774,825 | +€378,867 | +27.1% |
| Reserves | 13 | €419,502 | €639,365 | +€219,863 | +52.4% |
| Profit (loss) carried forward | 14 | €333,380 | €333,380 | = | 0.0% |
| Investment grants | 15 | €643,076 | €802,080 | +€159,004 | +24.7% |
| Provisions and deferred taxes | 16 | €27,925 | €55,850 | +€27,925 | +100.0% |
| Provisions for liabilities and charges | 160/5 | €27,925 | €55,850 | +€27,925 | +100.0% |
| Environmental obligations | 163 | €27,925 | €55,850 | +€27,925 | +100.0% |
| Amounts payable | 17/49 | €862,245 | €1,681,497 | +€819,252 | +95.0% |
| Amounts payable within one year | 42/48 | €258,539 | €306,667 | +€48,128 | +18.6% |
| Trade debts | 44 | €100,677 | €129,080 | +€28,404 | +28.2% |
| Suppliers | 440/4 | €100,677 | €129,080 | +€28,404 | +28.2% |
| Taxes, remuneration and social security | 45 | €157,862 | €175,106 | +€17,244 | +10.9% |
| Taxes | 450/3 | €3,658 | €5,313 | +€1,655 | +45.2% |
| Remuneration and social security | 454/9 | €154,204 | €169,794 | +€15,590 | +10.1% |
| Accrued charges and deferred income | 492/3 | €603,706 | €1,374,831 | +€771,125 | +127.7% |
| Remuneration, social security and pensions | 62 | €1,190,844 | €1,264,395 | +€73,551 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,489 | €319,260 | +€117,772 | +58.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,271 | €290 | -€3,981 | -93.2% |
| Other operating charges | 640/8 | €1,570 | €3,756 | +€2,185 | +139.2% |
| Non-recurring operating charges | 66A | €1,950 | €9,716 | +€7,766 | +398.3% |
| Gross operating margin | 9900 | €1,093,238 | €1,843,305 | +€750,067 | +68.6% |
| Operating profit (loss) | 9901 | -€194,082 | €217,963 | +€412,045 | |
| Financial income | 75/76B | €13,248 | €6,134 | -€7,114 | -53.7% |
| Recurring financial income | 75 | €13,248 | €2,762 | -€10,486 | -79.2% |
| Non-recurring financial income | 76B | - | €3,372 | +€3,372 | |
| Financial charges | 65/66B | €2,965 | €4,235 | +€1,270 | +42.8% |
| Recurring financial charges | 65 | €2,965 | €4,235 | +€1,270 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | -€183,799 | €219,863 | +€403,662 | |
| Profit (loss) for the period | 9904 | -€183,799 | €219,863 | +€403,662 | |
| Profit (loss) for the period to be appropriated | 9905 | -€183,799 | €219,863 | +€403,662 |
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.