TECHNO VISION: 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 VISION
Largest movements
- Tangible fixed assets -€170,077
down €170,077 (-30.0%), from €567,035 to €396,957
of which Plant, machinery and equipment: -€172,745
- Cash -€34,013
down €34,013 (-12.9%), from €263,617 to €229,604
mainly Debts after one year (-€163,477) and Current portion of long-term debt (-€63,754)
- Receivables within one year +€21,747
up €21,747 (+5.1%), from €430,077 to €451,824
of which Other amounts receivable: +€15,986
- Debts after one year -€163,477
down €163,477 (-45.3%), from €360,661 to €197,184
- Reserves +€108,000
up €108,000 (+22.4%), from €482,110 to €590,110
of which Distributable reserves: +€109,860
- Current portion of long-term debt -€63,754
down €63,754 (-24.5%), from €260,112 to €196,358
- Other debts -€27,077
down €27,077 (-93.6%), from €28,933 to €1,856
- Trade debts -€24,190
down €24,190 (-27.8%), from €87,022 to €62,832
- Gross operating margin -€133,340
down €133,340 (-23.0%), from €579,504 to €446,164
- Depreciation +€17,538
up €17,538 (+9.1%), from €192,720 to €210,258
- Taxes -€12,062
down €12,062 (-18.7%), from €64,505 to €52,443
- Staff costs -€10,137
down €10,137 (-13.1%), from €77,127 to €66,990
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 | €1,305,824 | €1,126,625 | -€179,200 | -13.7% |
| Fixed assets | 21/28 | €567,980 | €397,902 | -€170,077 | -29.9% |
| Tangible fixed assets | 22/27 | €567,035 | €396,957 | -€170,077 | -30.0% |
| Land and buildings | 22 | €22,500 | €22,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €473,991 | €301,246 | -€172,745 | -36.4% |
| Furniture and vehicles | 24 | €70,544 | €44,836 | -€25,708 | -36.4% |
| Leasing and similar rights | 25 | - | €28,376 | +€28,376 | |
| Financial fixed assets | 28 | €945 | €945 | = | 0.0% |
| Current assets | 29/58 | €737,845 | €728,723 | -€9,122 | -1.2% |
| Stocks and contracts in progress | 3 | €40,310 | €43,986 | +€3,677 | +9.1% |
| Stocks | 30/36 | €40,310 | €43,986 | +€3,677 | +9.1% |
| Amounts receivable within one year | 40/41 | €430,077 | €451,824 | +€21,747 | +5.1% |
| Trade receivables | 40 | €281,411 | €287,172 | +€5,761 | +2.0% |
| Other amounts receivable | 41 | €148,666 | €164,652 | +€15,986 | +10.8% |
| Cash at bank and in hand | 54/58 | €263,617 | €229,604 | -€34,013 | -12.9% |
| Deferred charges and accrued income | 490/1 | €3,841 | €3,308 | -€532 | -13.9% |
| Total equity and liabilities | 10/49 | €1,305,824 | €1,126,625 | -€179,200 | -13.7% |
| Equity | 10/15 | €529,007 | €637,744 | +€108,737 | +20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €482,110 | €590,110 | +€108,000 | +22.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Distributable reserves | 133 | €375,000 | €484,860 | +€109,860 | +29.3% |
| Profit (loss) carried forward | 14 | €40,697 | €41,434 | +€737 | +1.8% |
| Amounts payable | 17/49 | €776,817 | €488,880 | -€287,936 | -37.1% |
| Amounts payable after more than one year | 17 | €360,661 | €197,184 | -€163,477 | -45.3% |
| Financial debts | 170/4 | €360,661 | €197,184 | -€163,477 | -45.3% |
| Amounts payable within one year | 42/48 | €412,387 | €290,524 | -€121,863 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €260,112 | €196,358 | -€63,754 | -24.5% |
| Trade debts | 44 | €87,022 | €62,832 | -€24,190 | -27.8% |
| Suppliers | 440/4 | €87,022 | €62,832 | -€24,190 | -27.8% |
| Taxes, remuneration and social security | 45 | €36,320 | €29,478 | -€6,843 | -18.8% |
| Taxes | 450/3 | €22,041 | €16,265 | -€5,776 | -26.2% |
| Remuneration and social security | 454/9 | €14,280 | €13,213 | -€1,067 | -7.5% |
| Other amounts payable | 47/48 | €28,933 | €1,856 | -€27,077 | -93.6% |
| Accrued charges and deferred income | 492/3 | €3,769 | €1,172 | -€2,597 | -68.9% |
| Non-recurring operating income | 76A | - | €5,026 | +€5,026 | |
| Remuneration, social security and pensions | 62 | €77,127 | €66,990 | -€10,137 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,720 | €210,258 | +€17,538 | +9.1% |
| Other operating charges | 640/8 | €2,151 | €2,193 | +€42 | +1.9% |
| Gross operating margin | 9900 | €579,504 | €446,164 | -€133,340 | -23.0% |
| Operating profit (loss) | 9901 | €307,506 | €166,723 | -€140,782 | -45.8% |
| Financial income | 75/76B | €5,637 | €5,848 | +€210 | +3.7% |
| Recurring financial income | 75 | €5,637 | €5,848 | +€210 | +3.7% |
| Financial charges | 65/66B | €13,660 | €11,391 | -€2,269 | -16.6% |
| Recurring financial charges | 65 | €13,660 | €11,391 | -€2,269 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €299,483 | €161,180 | -€138,303 | -46.2% |
| Transfer to deferred taxes | 680 | €105,250 | - | -€105,250 | |
| Income taxes | 67/77 | €64,505 | €52,443 | -€12,062 | -18.7% |
| Profit (loss) for the period | 9904 | €129,728 | €108,737 | -€20,991 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €129,728 | €108,737 | -€20,991 | -16.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.