TECHNO SPECIALS: 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 SPECIALS
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€124,578
2024 · €342,127-€217,549
Equity
€2.0m
2024 · €3.2m-€1.2m
Cash
€228
2024 · €228
Balance sheet total
€2.5m
2024 · €4.1m-€1.6m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-61.2%), from €2.2m to €846,419
of which Other amounts receivable: -€1.3m
- Stocks and contracts -€218,991
down €218,991 (-15.3%), from €1.4m to €1.2m
- Intangible fixed assets -€49,352
down €49,352 (-14.1%), from €350,735 to €301,383
- Tangible fixed assets -€46,317
down €46,317 (-38.0%), from €121,827 to €75,510
of which Plant, machinery and equipment: -€25,285
Equity and liabilities
- Contributions -€1.2m
down €1.2m (-42.6%), from €2.9m to €1.7m
- Other debts -€342,000
no longer reported in 2025 (was €342,000)
- Profit (loss) carried forward +€124,578
up €124,578 (+14387.2%), from €866 to €125,443
- Reserves -€123,500
down €123,500 (-42.6%), from €290,000 to €166,500
- Trade debts -€42,313
down €42,313 (-25.1%), from €168,684 to €126,371
Income statement
- Turnover -€871,300
down €871,300 (-19.6%), from €4.5m to €3.6m
- Goods and materials -€545,073
down €545,073 (-22.7%), from €2.4m to €1.9m
of which Purchases: -€482,063
- Staff costs -€128,886
down €128,886 (-14.2%), from €907,265 to €778,379
- Taxes -€74,426
down €74,426 (-59.0%), from €126,139 to €51,713
of which Taxes: -€73,768
- Financial income -€49,723
down €49,723 (-45.7%), from €108,756 to €59,033
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.
Result 2024
€342,127
Turnover
-€871,300
Other operating income
+€21,765
Goods and materials
+€545,073
Services and other goods
+€1,661
Staff costs
+€128,886
Depreciation
+€4,559
Write-downs
-€6,953
Provisions
+€6,988
Other operating charges
-€330
Other operating items
-€78,302
Financial income
-€49,723
Financial charges
+€5,700
Taxes
+€74,426
Result 2025
€124,578
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.
From operations
+€1.4m
Investment
-€38,143
Financing
-€1.4m
Cash 2024
€228
From operations (derived)
+€1.4m
Net result for the year
+€124,578
Depreciation
+€135,971
Stocks and contracts
+€218,991
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€12,618
Provisions
-€18,421
Trade debts
-€42,313
Tax, wage and social debts
-€24,360
Advances received
+€570
Other debts
-€342,000
Accrued charges and deferred income
+€18,720
Investment (derived)
-€38,143
Investment in fixed assets (net)
-€38,143
Financing
-€1.4m
Contributions, distributions and other
-€1.4m
Cash 2025
€228
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,104,800 | €2,463,075 | -€1.6m | -40.0% |
| Fixed assets | 21/28 | €476,653 | €378,824 | -€97,829 | -20.5% |
| Intangible fixed assets | 21 | €350,735 | €301,383 | -€49,352 | -14.1% |
| Tangible fixed assets | 22/27 | €121,827 | €75,510 | -€46,317 | -38.0% |
| Plant, machinery and equipment | 23 | €52,954 | €27,669 | -€25,285 | -47.7% |
| Furniture and vehicles | 24 | €46,176 | €27,524 | -€18,652 | -40.4% |
| Other tangible fixed assets | 26 | €22,696 | €20,317 | -€2,380 | -10.5% |
| Financial fixed assets | 28 | €4,091 | €1,931 | -€2,160 | -52.8% |
| Other financial fixed assets | 284/8 | €4,091 | €1,931 | -€2,160 | -52.8% |
| Amounts receivable and cash guarantees | 285/8 | €4,091 | €1,931 | -€2,160 | -52.8% |
| Current assets | 29/58 | €3,628,147 | €2,084,251 | -€1.5m | -42.6% |
| Stocks and contracts in progress | 3 | €1,428,210 | €1,209,219 | -€218,991 | -15.3% |
| Stocks | 30/36 | €1,428,210 | €1,209,219 | -€218,991 | -15.3% |
| Raw materials and consumables | 30/31 | €884,825 | €814,776 | -€70,049 | -7.9% |
| Work in progress | 32 | €217,160 | €202,844 | -€14,316 | -6.6% |
| Finished goods | 33 | €93,339 | €48,093 | -€45,245 | -48.5% |
| Goods purchased for resale | 34 | €232,887 | €143,505 | -€89,382 | -38.4% |
| Amounts receivable within one year | 40/41 | €2,183,943 | €846,419 | -€1.3m | -61.2% |
| Trade receivables | 40 | €375,299 | €371,601 | -€3,697 | -1.0% |
| Other amounts receivable | 41 | €1,808,644 | €474,818 | -€1.3m | -73.7% |
| Current investments | 50/53 | €248 | €248 | = | 0.0% |
| Other investments | 51/53 | €248 | €248 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €228 | €228 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €15,519 | €28,137 | +€12,618 | +81.3% |
| Total equity and liabilities | 10/49 | €4,104,800 | €2,463,075 | -€1.6m | -40.0% |
| Equity | 10/15 | €3,190,866 | €1,956,943 | -€1.2m | -38.7% |
| Contributions | 10/11 | €2,900,000 | €1,665,000 | -€1.2m | -42.6% |
| Capital | 10 | €2,900,000 | €1,665,000 | -€1.2m | -42.6% |
| Issued capital | 100 | €2,900,000 | €1,665,000 | -€1.2m | -42.6% |
| Reserves | 13 | €290,000 | €166,500 | -€123,500 | -42.6% |
| Non-distributable reserves | 130/1 | €290,000 | €166,500 | -€123,500 | -42.6% |
| Legal reserve | 130 | €290,000 | €166,500 | -€123,500 | -42.6% |
| Profit (loss) carried forward | 14 | €866 | €125,443 | +€124,578 | +14387.2% |
| Provisions and deferred taxes | 16 | €178,331 | €159,910 | -€18,421 | -10.3% |
| Provisions for liabilities and charges | 160/5 | €178,331 | €159,910 | -€18,421 | -10.3% |
| Pensions and similar obligations | 160 | €3,011 | €2,868 | -€143 | -4.8% |
| Environmental obligations | 163 | €175,320 | €157,042 | -€18,278 | -10.4% |
| Amounts payable | 17/49 | €735,603 | €346,221 | -€389,382 | -52.9% |
| Amounts payable within one year | 42/48 | €678,498 | €270,396 | -€408,102 | -60.1% |
| Trade debts | 44 | €168,684 | €126,371 | -€42,313 | -25.1% |
| Suppliers | 440/4 | €168,684 | €126,371 | -€42,313 | -25.1% |
| Advances received on contracts in progress | 46 | - | €570 | +€570 | |
| Taxes, remuneration and social security | 45 | €167,814 | €143,454 | -€24,360 | -14.5% |
| Taxes | 450/3 | €24,203 | €10,267 | -€13,936 | -57.6% |
| Remuneration and social security | 454/9 | €143,611 | €133,187 | -€10,424 | -7.3% |
| Other amounts payable | 47/48 | €342,000 | - | -€342,000 | |
| Accrued charges and deferred income | 492/3 | €57,106 | €75,826 | +€18,720 | +32.8% |
| Operating income | 70/76A | €4,602,754 | €3,674,223 | -€928,531 | -20.2% |
| Turnover | 70 | €4,452,095 | €3,580,795 | -€871,300 | -19.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €18,585 | -€59,561 | -€78,146 | |
| Other operating income | 74 | €131,224 | €152,989 | +€21,765 | +16.6% |
| Non-recurring operating income | 76A | €850 | - | -€850 | |
| Operating charges | 60/66A | €4,214,793 | €3,534,215 | -€680,578 | -16.1% |
| Goods for resale, raw materials and consumables | 60 | €2,402,363 | €1,857,290 | -€545,073 | -22.7% |
| Purchases | 600/8 | €2,179,960 | €1,697,896 | -€482,063 | -22.1% |
| Change in stocks: decrease (increase) | 609 | €222,404 | €159,394 | -€63,010 | -28.3% |
| Services and other goods | 61 | €771,509 | €769,847 | -€1,661 | -0.2% |
| Remuneration, social security and pensions | 62 | €907,265 | €778,379 | -€128,886 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,531 | €135,971 | -€4,559 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,017 | €8,971 | +€6,953 | +344.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€11,433 | -€18,421 | -€6,988 | -61.1% |
| Other operating charges | 640/8 | €1,848 | €2,178 | +€330 | +17.9% |
| Non-recurring operating charges | 66A | €694 | - | -€694 | |
| Operating profit (loss) | 9901 | €387,961 | €140,008 | -€247,953 | -63.9% |
| Financial income | 75/76B | €108,756 | €59,033 | -€49,723 | -45.7% |
| Recurring financial income | 75 | €108,756 | €59,033 | -€49,723 | -45.7% |
| Income from financial fixed assets | 750 | €15 | €15 | = | 0.0% |
| Income from current assets | 751 | €84,095 | €38,413 | -€45,682 | -54.3% |
| Other financial income | 752/9 | €24,646 | €20,606 | -€4,041 | -16.4% |
| Financial charges | 65/66B | €28,451 | €22,751 | -€5,700 | -20.0% |
| Recurring financial charges | 65 | €28,451 | €22,751 | -€5,700 | -20.0% |
| Debt charges | 650 | €26,386 | €20,543 | -€5,843 | -22.1% |
| Other financial charges | 652/9 | €2,065 | €2,208 | +€143 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €468,266 | €176,290 | -€291,975 | -62.4% |
| Income taxes | 67/77 | €126,139 | €51,713 | -€74,426 | -59.0% |
| Taxes | 670/3 | €126,269 | €52,501 | -€73,768 | -58.4% |
| Tax adjustments and reversals of tax provisions | 77 | €130 | €788 | +€658 | +505.1% |
| Profit (loss) for the period | 9904 | €342,127 | €124,578 | -€217,549 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €342,127 | €124,578 | -€217,549 | -63.6% |
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 3 October 2026 via checked.be.