TECHNO COATING: 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
TECHNO COATING
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€273,689
2023 · -€94,658-€179,031
Equity
€332,427
2023 · €606,116-€273,689
Cash
-
not filed
Balance sheet total
€1.7m
2023 · €2.0m-€333,895
Largest movements
Assets
- Tangible fixed assets -€168,032
down €168,032 (-9.8%), from €1.7m to €1.6m
of which Plant, machinery and equipment: -€171,917
- Receivables within one year -€125,230
down €125,230 (-63.7%), from €196,545 to €71,315
of which Other amounts receivable: -€109,489
- Stocks and contracts -€36,179
down €36,179 (-40.7%), from €88,946 to €52,767
Equity and liabilities
- Profit (loss) carried forward -€273,689
down €273,689 (-58.4%), from €468,616 to €194,927
- Other debts -€106,864
down €106,864 (-8.6%), from €1.2m to €1.1m
- Trade debts +€90,506
up €90,506 (+115.6%), from €78,321 to €168,827
- Current portion of long-term debt -€57,047
no longer reported in 2024 (was €57,047)
Income statement
- Depreciation +€67,151
up €67,151 (+36.9%), from €182,048 to €249,199
- Staff costs +€49,063
up €49,063 (+16.2%), from €303,355 to €352,418
- Turnover -€41,210
down €41,210 (-3.6%), from €1.1m to €1.1m
- Goods and materials -€25,111
down €25,111 (-13.3%), from €188,714 to €163,603
of which Purchases: -€21,267
- Provisions +€17,160
new in 2024: €17,160
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
-€94,658
Turnover
-€41,210
Other operating income
-€4,666
Goods and materials
+€25,111
Services and other goods
-€3,073
Staff costs
-€49,063
Depreciation
-€67,151
Write-downs
-€9,906
Provisions
-€17,160
Financial income
-€2,255
Financial charges
-€10,821
Taxes
+€1,163
Result 2024
-€273,689
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,011,010 | €1,677,115 | -€333,895 | -16.6% |
| Fixed assets | 21/28 | €1,721,065 | €1,553,033 | -€168,032 | -9.8% |
| Tangible fixed assets | 22/27 | €1,721,065 | €1,553,033 | -€168,032 | -9.8% |
| Plant, machinery and equipment | 23 | €1,432,336 | €1,260,419 | -€171,917 | -12.0% |
| Furniture and vehicles | 24 | €9,126 | €4,145 | -€4,981 | -54.6% |
| Other tangible fixed assets | 26 | €279,603 | €236,594 | -€43,009 | -15.4% |
| Assets under construction and advance payments | 27 | - | €51,875 | +€51,875 | |
| Current assets | 29/58 | €289,945 | €124,082 | -€165,863 | -57.2% |
| Stocks and contracts in progress | 3 | €88,946 | €52,767 | -€36,179 | -40.7% |
| Stocks | 30/36 | €88,946 | €52,767 | -€36,179 | -40.7% |
| Raw materials and consumables | 30/31 | €88,946 | €52,767 | -€36,179 | -40.7% |
| Amounts receivable within one year | 40/41 | €196,545 | €71,315 | -€125,230 | -63.7% |
| Trade receivables | 40 | €60,156 | €44,415 | -€15,741 | -26.2% |
| Other amounts receivable | 41 | €136,389 | €26,900 | -€109,489 | -80.3% |
| Deferred charges and accrued income | 490/1 | €4,454 | - | -€4,454 | |
| Total equity and liabilities | 10/49 | €2,011,010 | €1,677,115 | -€333,895 | -16.6% |
| Equity | 10/15 | €606,116 | €332,427 | -€273,689 | -45.2% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €468,616 | €194,927 | -€273,689 | -58.4% |
| Provisions and deferred taxes | 16 | - | €17,160 | +€17,160 | |
| Provisions for liabilities and charges | 160/5 | - | €17,160 | +€17,160 | |
| Other liabilities and charges | 164/5 | - | €17,160 | +€17,160 | |
| Amounts payable | 17/49 | €1,404,894 | €1,327,528 | -€77,366 | -5.5% |
| Amounts payable after more than one year | 17 | €3,656 | - | -€3,656 | |
| Financial debts | 170/4 | €3,656 | - | -€3,656 | |
| Leasing and similar obligations | 172 | €3,656 | - | -€3,656 | |
| Amounts payable within one year | 42/48 | €1,396,549 | €1,323,755 | -€72,794 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €57,047 | - | -€57,047 | |
| Trade debts | 44 | €78,321 | €168,827 | +€90,506 | +115.6% |
| Suppliers | 440/4 | €78,321 | €168,827 | +€90,506 | +115.6% |
| Taxes, remuneration and social security | 45 | €23,489 | €24,100 | +€611 | +2.6% |
| Taxes | 450/3 | €17,163 | - | -€17,163 | |
| Remuneration and social security | 454/9 | €6,326 | €24,100 | +€17,774 | +281.0% |
| Other amounts payable | 47/48 | €1,237,692 | €1,130,828 | -€106,864 | -8.6% |
| Accrued charges and deferred income | 492/3 | €4,689 | €3,773 | -€916 | -19.5% |
| Operating income | 70/76A | €1,147,377 | €1,101,501 | -€45,876 | -4.0% |
| Turnover | 70 | €1,141,054 | €1,099,844 | -€41,210 | -3.6% |
| Other operating income | 74 | €6,323 | €1,657 | -€4,666 | -73.8% |
| Operating charges | 60/66A | €1,201,247 | €1,322,489 | +€121,242 | +10.1% |
| Goods for resale, raw materials and consumables | 60 | €188,714 | €163,603 | -€25,111 | -13.3% |
| Purchases | 600/8 | €176,412 | €155,145 | -€21,267 | -12.1% |
| Change in stocks: decrease (increase) | 609 | €12,302 | €8,458 | -€3,844 | -31.2% |
| Services and other goods | 61 | €509,314 | €512,387 | +€3,073 | +0.6% |
| Remuneration, social security and pensions | 62 | €303,355 | €352,418 | +€49,063 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,048 | €249,199 | +€67,151 | +36.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,816 | €27,722 | +€9,906 | +55.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €17,160 | +€17,160 | |
| Operating profit (loss) | 9901 | -€53,870 | -€220,988 | -€167,118 | -310.2% |
| Financial income | 75/76B | €2,255 | - | -€2,255 | |
| Recurring financial income | 75 | €2,255 | - | -€2,255 | |
| Income from current assets | 751 | €2,255 | - | -€2,255 | |
| Financial charges | 65/66B | €41,880 | €52,701 | +€10,821 | +25.8% |
| Recurring financial charges | 65 | €41,880 | €52,701 | +€10,821 | +25.8% |
| Debt charges | 650 | €41,504 | €52,024 | +€10,520 | +25.3% |
| Other financial charges | 652/9 | €376 | €677 | +€301 | +80.1% |
| Profit (loss) for the period before taxes | 9903 | -€93,495 | -€273,689 | -€180,194 | -192.7% |
| Income taxes | 67/77 | €1,163 | - | -€1,163 | |
| Taxes | 670/3 | €1,163 | - | -€1,163 | |
| Profit (loss) for the period | 9904 | -€94,658 | -€273,689 | -€179,031 | -189.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,658 | -€273,689 | -€179,031 | -189.1% |
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 5 October 2026 via checked.be.