TECHNO MONTAGE: 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.
TECHNO MONTAGE
Largest movements
- Cash +€123,177
up €123,177 (+153%), from €80,565 to €203,742
mainly Trade debts (+€75,360) and Stocks and contracts (+€40,000)
- Stocks and contracts -€40,000
no longer reported in 2025 (was €40,000)
- Receivables within one year +€22,277
up €22,277 (+16.5%), from €134,883 to €157,160
of which Trade receivables: +€42,413
- Trade debts +€75,360
up €75,360 (+90.3%), from €83,490 to €158,849
- Reserves +€30,991
up €30,991 (+116%), from €26,810 to €57,801
of which Distributable reserves: +€30,991
- Tax, wage and social debts +€21,937
up €21,937 (+100%), from €21,920 to €43,857
- Accrued charges and deferred income -€14,395
no longer reported in 2025 (was €14,395)
- Debts after one year -€10,000
down €10,000 (-28.6%), from €35,000 to €25,000
- Gross operating margin +€178,176
up €178,176 (+134%), from €133,123 to €311,298
- Staff costs +€99,381
up €99,381 (+86.0%), from €115,512 to €214,893
- Write-downs +€40,541
new in 2025: €40,541
- Taxes +€9,145
up €9,145 (+627%), from €1,459 to €10,605
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 | €275,552 | €377,319 | +€101,766 | +36.9% |
| Fixed assets | 21/28 | €11,978 | €9,950 | -€2,028 | -16.9% |
| Tangible fixed assets | 22/27 | €10,548 | €8,520 | -€2,028 | -19.2% |
| Plant, machinery and equipment | 23 | €9,600 | €5,869 | -€3,731 | -38.9% |
| Furniture and vehicles | 24 | €948 | €2,652 | +€1,704 | +180% |
| Financial fixed assets | 28 | €1,430 | €1,430 | = | 0.0% |
| Current assets | 29/58 | €263,574 | €367,368 | +€103,794 | +39.4% |
| Stocks and contracts in progress | 3 | €40,000 | - | -€40,000 | |
| Stocks | 30/36 | €40,000 | - | -€40,000 | |
| Amounts receivable within one year | 40/41 | €134,883 | €157,160 | +€22,277 | +16.5% |
| Trade receivables | 40 | €81,614 | €124,027 | +€42,413 | +52.0% |
| Other amounts receivable | 41 | €53,269 | €33,133 | -€20,136 | -37.8% |
| Cash at bank and in hand | 54/58 | €80,565 | €203,742 | +€123,177 | +153% |
| Deferred charges and accrued income | 490/1 | €8,126 | €6,466 | -€1,660 | -20.4% |
| Total equity and liabilities | 10/49 | €275,552 | €377,319 | +€101,766 | +36.9% |
| Equity | 10/15 | €106,023 | €137,014 | +€30,991 | +29.2% |
| Reserves | 13 | €26,810 | €57,801 | +€30,991 | +116% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €8,060 | €39,051 | +€30,991 | +384% |
| Profit (loss) carried forward | 14 | €79,213 | €79,213 | = | 0.0% |
| Amounts payable | 17/49 | €169,529 | €240,305 | +€70,776 | +41.7% |
| Amounts payable after more than one year | 17 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Financial debts | 170/4 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Amounts payable within one year | 42/48 | €120,134 | €215,305 | +€95,171 | +79.2% |
| Current portion of amounts payable after more than one year | 42 | €14,725 | €12,598 | -€2,126 | -14.4% |
| Trade debts | 44 | €83,490 | €158,849 | +€75,360 | +90.3% |
| Suppliers | 440/4 | €83,490 | €158,849 | +€75,360 | +90.3% |
| Taxes, remuneration and social security | 45 | €21,920 | €43,857 | +€21,937 | +100% |
| Taxes | 450/3 | €21,920 | €43,857 | +€21,937 | +100% |
| Accrued charges and deferred income | 492/3 | €14,395 | - | -€14,395 | |
| Remuneration, social security and pensions | 62 | €115,512 | €214,893 | +€99,381 | +86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,270 | €10,262 | -€8 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,541 | +€40,541 | |
| Other operating charges | 640/8 | €4,054 | €1,002 | -€3,052 | -75.3% |
| Non-recurring operating charges | 66A | - | €1,363 | +€1,363 | |
| Gross operating margin | 9900 | €133,123 | €311,298 | +€178,176 | +134% |
| Operating profit (loss) | 9901 | €3,286 | €43,237 | +€39,951 | +1,216% |
| Financial income | 75/76B | €597 | €554 | -€43 | -7.2% |
| Recurring financial income | 75 | €597 | €554 | -€43 | -7.2% |
| Financial charges | 65/66B | €2,310 | €2,196 | -€114 | -4.9% |
| Recurring financial charges | 65 | €2,310 | €2,196 | -€114 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €1,573 | €41,595 | +€40,022 | +2,544% |
| Income taxes | 67/77 | €1,459 | €10,605 | +€9,145 | +627% |
| Profit (loss) for the period | 9904 | €114 | €30,991 | +€30,876 | +27,028% |
| Profit (loss) for the period to be appropriated | 9905 | €114 | €30,991 | +€30,876 | +27,028% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.