TECHNODEAL-GROUP: 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.
TECHNODEAL-GROUP
Largest movements
- Receivables within one year +€179,780
up €179,780 (+11.1%), from €1.6m to €1.8m
of which Trade receivables: +€240,920
- Cash -€63,684
down €63,684 (-11.7%), from €544,497 to €480,813
mainly Receivables within one year (-€179,780) and Contributions, distributions and other (-€175,105)
- Short-term financial debts +€150,000
up €150,000 (+55.6%), from €270,000 to €420,000
- Trade debts -€91,806
down €91,806 (-13.0%), from €707,074 to €615,268
- Reserves -€87,057
down €87,057 (-21.7%), from €401,845 to €314,788
of which Distributable reserves: -€87,057
- Other debts +€66,347
up €66,347 (+86.9%), from €76,380 to €142,726
- Tax, wage and social debts +€63,388
up €63,388 (+122.0%), from €51,938 to €115,326
- Gross operating margin +€90,065
up €90,065 (+17.5%), from €513,695 to €603,760
- Depreciation +€24,703
new in 2025: €24,703
- Financial charges -€11,057
down €11,057 (-24.4%), from €45,357 to €34,299
of which Non-recurring financial charges: -€7,513
- Staff costs +€10,935
up €10,935 (+2.5%), from €432,300 to €443,235
- Taxes +€9,598
up €9,598 (+41.4%), from €23,194 to €32,792
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 | €4,001,432 | €4,102,304 | +€100,872 | +2.5% |
| Fixed assets | 21/28 | €23,022 | €16,319 | -€6,703 | -29.1% |
| Tangible fixed assets | 22/27 | €22,453 | €15,750 | -€6,703 | -29.9% |
| Plant, machinery and equipment | 23 | €6,714 | - | -€6,714 | |
| Furniture and vehicles | 24 | - | €15,750 | +€15,750 | |
| Leasing and similar rights | 25 | €15,739 | - | -€15,739 | |
| Financial fixed assets | 28 | €569 | €569 | = | 0.0% |
| Current assets | 29/58 | €3,978,409 | €4,085,985 | +€107,575 | +2.7% |
| Stocks and contracts in progress | 3 | €1,770,945 | €1,762,395 | -€8,550 | -0.5% |
| Stocks | 30/36 | €1,770,945 | €1,762,395 | -€8,550 | -0.5% |
| Amounts receivable within one year | 40/41 | €1,615,729 | €1,795,509 | +€179,780 | +11.1% |
| Trade receivables | 40 | €825,251 | €1,066,171 | +€240,920 | +29.2% |
| Other amounts receivable | 41 | €790,478 | €729,337 | -€61,141 | -7.7% |
| Current investments | 50/53 | €47,238 | €47,268 | +€29 | +0.1% |
| Cash at bank and in hand | 54/58 | €544,497 | €480,813 | -€63,684 | -11.7% |
| Total equity and liabilities | 10/49 | €4,001,432 | €4,102,304 | +€100,872 | +2.5% |
| Equity | 10/15 | €2,896,040 | €2,808,983 | -€87,057 | -3.0% |
| Contributions | 10/11 | €349,500 | €349,500 | = | 0.0% |
| Capital | 10 | €349,500 | €349,500 | = | 0.0% |
| Issued capital | 100 | €349,500 | €349,500 | = | 0.0% |
| Reserves | 13 | €401,845 | €314,788 | -€87,057 | -21.7% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €353,095 | €266,038 | -€87,057 | -24.7% |
| Profit (loss) carried forward | 14 | €2,144,695 | €2,144,695 | = | 0.0% |
| Amounts payable | 17/49 | €1,105,392 | €1,293,320 | +€187,929 | +17.0% |
| Amounts payable within one year | 42/48 | €1,105,392 | €1,293,320 | +€187,929 | +17.0% |
| Financial debts | 43 | €270,000 | €420,000 | +€150,000 | +55.6% |
| Credit institutions | 430/8 | €270,000 | €420,000 | +€150,000 | +55.6% |
| Trade debts | 44 | €707,074 | €615,268 | -€91,806 | -13.0% |
| Suppliers | 440/4 | €707,074 | €615,268 | -€91,806 | -13.0% |
| Taxes, remuneration and social security | 45 | €51,938 | €115,326 | +€63,388 | +122.0% |
| Taxes | 450/3 | €51,938 | €115,326 | +€63,388 | +122.0% |
| Other amounts payable | 47/48 | €76,380 | €142,726 | +€66,347 | +86.9% |
| Remuneration, social security and pensions | 62 | €432,300 | €443,235 | +€10,935 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €24,703 | +€24,703 | |
| Other operating charges | 640/8 | €5,698 | €6,042 | +€344 | +6.0% |
| Gross operating margin | 9900 | €513,695 | €603,760 | +€90,065 | +17.5% |
| Operating profit (loss) | 9901 | €75,697 | €129,779 | +€54,082 | +71.4% |
| Financial income | 75/76B | €25,106 | €25,360 | +€255 | +1.0% |
| Recurring financial income | 75 | €25,106 | €25,360 | +€255 | +1.0% |
| Financial charges | 65/66B | €45,357 | €34,299 | -€11,057 | -24.4% |
| Recurring financial charges | 65 | €35,099 | €31,555 | -€3,544 | -10.1% |
| Non-recurring financial charges | 66B | €10,258 | €2,745 | -€7,513 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €55,446 | €120,840 | +€65,394 | +117.9% |
| Income taxes | 67/77 | €23,194 | €32,792 | +€9,598 | +41.4% |
| Profit (loss) for the period | 9904 | €32,253 | €88,048 | +€55,795 | +173.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,253 | €88,048 | +€55,795 | +173.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.