TECHNOCITE: 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.
TECHNOCITE
Largest movements
- Cash +€625,536
up €625,536 (+16.2%), from €3.9m to €4.5m
mainly Depreciation (+€619,154) and Receivables within one year (+€608,905)
- Receivables within one year -€608,905
down €608,905 (-44.1%), from €1.4m to €771,048
of which Other amounts receivable: -€641,067
- Current investments -€500,000
down €500,000 (-100.0%), from €500,000 to €0
- Tangible fixed assets -€446,709
down €446,709 (-13.5%), from €3.3m to €2.9m
of which Plant, machinery and equipment: -€311,521
- Investment grants -€522,411
down €522,411 (-21.5%), from €2.4m to €1.9m
- Debts within one year -€348,919
down €348,919 (-29.3%), from €1.2m to €843,249
- Profit (loss) carried forward +€93,184
up €93,184 (+13.8%), from €676,188 to €769,372
- Staff costs +€238,422
up €238,422 (+12.0%), from €2.0m to €2.2m
- Gross operating margin -€130,747
down €130,747 (-4.2%), from €3.1m to €3.0m
- Purchases and services +€84,804
up €84,804 (+3.4%), from €2.5m to €2.6m
- Turnover +€35,017
up €35,017 (+31.9%), from €109,683 to €144,700
- Depreciation +€34,907
up €34,907 (+6.0%), from €584,247 to €619,154
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 | €9,145,612 | €8,214,810 | -€930,802 | -10.2% |
| Fixed assets | 21/28 | €3,325,719 | €2,856,583 | -€469,136 | -14.1% |
| Intangible fixed assets | 21 | €22,427 | €0 | -€22,427 | -100.0% |
| Tangible fixed assets | 22/27 | €3,301,367 | €2,854,658 | -€446,709 | -13.5% |
| Land and buildings | 22 | €2,204,650 | €2,094,650 | -€110,000 | -5.0% |
| Plant, machinery and equipment | 23 | €938,145 | €626,624 | -€311,521 | -33.2% |
| Furniture and vehicles | 24 | €158,572 | €133,384 | -€25,188 | -15.9% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €1,925 | €1,925 | = | 0.0% |
| Current assets | 29/58 | €5,819,893 | €5,358,227 | -€461,666 | -7.9% |
| Amounts receivable within one year | 40/41 | €1,379,953 | €771,048 | -€608,905 | -44.1% |
| Trade receivables | 40 | €36,945 | €69,107 | +€32,162 | +87.1% |
| Other amounts receivable | 41 | €1,343,008 | €701,941 | -€641,067 | -47.7% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,853,985 | €4,479,521 | +€625,536 | +16.2% |
| Deferred charges and accrued income | 490/1 | €85,955 | €107,658 | +€21,703 | +25.2% |
| Total equity and liabilities | 10/49 | €9,145,612 | €8,214,810 | -€930,802 | -10.2% |
| Equity | 10/15 | €4,972,140 | €4,542,913 | -€429,227 | -8.6% |
| Contributions | 10/11 | €1,062,702 | €1,062,702 | = | 0.0% |
| Capital | 10 | €1,062,702 | €1,062,702 | = | 0.0% |
| Reserves | 13 | €805,730 | €805,730 | = | 0.0% |
| Profit (loss) carried forward | 14 | €676,188 | €769,372 | +€93,184 | +13.8% |
| Investment grants | 15 | €2,427,520 | €1,905,109 | -€522,411 | -21.5% |
| Provisions and deferred taxes | 16 | €455,039 | €413,674 | -€41,365 | -9.1% |
| Provisions for liabilities and charges | 160/5 | €406,498 | €276,238 | -€130,260 | -32.0% |
| Major repairs and maintenance | 162 | €95,296 | €49,564 | -€45,732 | -48.0% |
| Other liabilities and charges | 164/5 | €311,202 | €226,674 | -€84,528 | -27.2% |
| Amounts payable | 17/49 | €3,718,433 | €3,258,223 | -€460,210 | -12.4% |
| Amounts payable after more than one year | 17 | €1,389,626 | €1,320,551 | -€69,075 | -5.0% |
| Financial debts | 170/4 | €1,389,626 | €1,320,551 | -€69,075 | -5.0% |
| Amounts payable within one year | 42/48 | €1,192,168 | €843,249 | -€348,919 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €67,621 | €69,075 | +€1,454 | +2.2% |
| Trade debts | 44 | €293,293 | €313,311 | +€20,018 | +6.8% |
| Suppliers | 440/4 | €293,293 | €313,311 | +€20,018 | +6.8% |
| Taxes, remuneration and social security | 45 | €372,287 | €382,127 | +€9,840 | +2.6% |
| Taxes | 450/3 | €85,763 | €67,235 | -€18,528 | -21.6% |
| Remuneration and social security | 454/9 | €286,524 | €314,892 | +€28,368 | +9.9% |
| Accrued charges and deferred income | 492/3 | €1,136,639 | €1,094,423 | -€42,216 | -3.7% |
| Turnover | 70 | €109,683 | €144,700 | +€35,017 | +31.9% |
| Non-recurring operating income | 76A | €789 | €4,591 | +€3,802 | +481.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,525,301 | €2,610,105 | +€84,804 | +3.4% |
| Remuneration, social security and pensions | 62 | €1,990,039 | €2,228,461 | +€238,422 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €584,247 | €619,154 | +€34,907 | +6.0% |
| Other operating charges | 640/8 | €80,442 | €87,396 | +€6,954 | +8.6% |
| Non-recurring operating charges | 66A | €49,578 | €3,794 | -€45,784 | -92.3% |
| Gross operating margin | 9900 | €3,114,846 | €2,984,099 | -€130,747 | -4.2% |
| Operating profit (loss) | 9901 | €499,399 | €86,659 | -€412,740 | -82.6% |
| Financial income | 75/76B | €46,144 | €49,496 | +€3,352 | +7.3% |
| Recurring financial income | 75 | €46,144 | €49,496 | +€3,352 | +7.3% |
| Financial charges | 65/66B | €40,054 | €42,971 | +€2,917 | +7.3% |
| Recurring financial charges | 65 | €40,054 | €42,971 | +€2,917 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €505,489 | €93,184 | -€412,305 | -81.6% |
| Profit (loss) for the period | 9904 | €505,489 | €93,184 | -€412,305 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €505,489 | €93,184 | -€412,305 | -81.6% |
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 4 October 2026 via checked.be.