TECHNOFORM INSULATION SOLUTIONS BELGIUM: what changed
What changed
TECHNOFORM INSULATION SOLUTIONS BELGIUM
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
-€4.8m
2024 · -€4.5m-€329,574
Equity
€4.6m
2024 · €2.7m+€1.9m
Cash
€1.8m
2024 · €339,439+€1.4m
Balance sheet total
€25.8m
2024 · €21.7m+€4.1m
Largest movements
Assets
- Tangible fixed assets +€2.4m
up €2.4m (+18.2%), from €13.4m to €15.9m
of which Other tangible fixed assets: +€3.4m
- Cash +€1.4m
up €1.4m (+424%), from €339,439 to €1.8m
mainly Contributions, distributions and other (+€6.7m) and Debts after one year (+€3.9m)
- Stocks and contracts +€355,885
up €355,885 (+43.2%), from €823,433 to €1.2m
Equity and liabilities
- Contributions +€6.0m
up €6.0m (+115%), from €5.2m to €11.2m
- Profit (loss) carried forward -€4.8m
down €4.8m (-133%), from -€3.6m to -€8.4m
- Debts after one year +€3.9m
up €3.9m (+44.2%), from €8.7m to €12.6m
- Other debts -€3.4m
no longer reported in 2025 (was €3.4m)
- Short-term financial debts +€1.3m
up €1.3m (+61.9%), from €2.1m to €3.4m
Income statement
- Turnover +€1.5m
up €1.5m (+5.2%), from €28.4m to €29.9m
- Goods and materials +€640,120
up €640,120 (+2.9%), from €22.0m to €22.6m
of which Purchases: +€450,338
- Depreciation +€622,391
up €622,391 (+29.1%), from €2.1m to €2.8m
- Staff costs +€550,324
up €550,324 (+17.4%), from €3.2m to €3.7m
- Financial income +€376,306
up €376,306 (+9,434%), from €3,989 to €380,295
of which Financial income: +€376,306
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€4.5m
Turnover
+€1.5m
Other operating income
+€6,570
Goods and materials
-€640,120
Services and other goods
-€341,042
Staff costs
-€550,324
Depreciation
-€622,391
Write-downs
-€3,983
Other operating charges
-€3,684
Other operating items
+€188,944
Financial income
+€376,306
Financial charges
-€217,252
Taxes
-€5,102
Result 2025
-€4.8m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€5.6m
Investment
-€5.2m
Financing
+€12.3m
Cash 2024
€339,439
From operations (derived)
-€5.6m
Net result for the year
-€4.8m
Depreciation
+€2.8m
Stocks and contracts
-€355,885
Receivables within one year
+€93,885
Deferred charges and accrued income
+€70,691
Trade debts
-€78,008
Tax, wage and social debts
+€101,775
Other debts
-€3.4m
Accrued charges and deferred income
-€62,339
Investment (derived)
-€5.2m
Investment in fixed assets (net)
-€5.2m
Financing
+€12.3m
Debts after one year
+€3.9m
Current portion of long-term debt
+€451,539
Short-term financial debts
+€1.3m
Contributions, distributions and other
+€6.7m
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,671,100 | €25,772,384 | +€4.1m | +18.9% |
| Fixed assets | 21/28 | €15,761,864 | €18,232,297 | +€2.5m | +15.7% |
| Intangible fixed assets | 21 | €2,297,013 | €2,092,168 | -€204,846 | -8.9% |
| Tangible fixed assets | 22/27 | €13,446,930 | €15,896,535 | +€2.4m | +18.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €9,355,349 | €11,544,647 | +€2.2m | +23.4% |
| Furniture and vehicles | 24 | €71,752 | €106,836 | +€35,084 | +48.9% |
| Other tangible fixed assets | 26 | €51,289 | €3,458,597 | +€3.4m | +6,643% |
| Assets under construction and advance payments | 27 | €3,968,541 | €786,455 | -€3.2m | -80.2% |
| Financial fixed assets | 28 | €17,921 | €243,595 | +€225,674 | +1,259% |
| Other financial fixed assets | 284/8 | €17,921 | €243,595 | +€225,674 | +1,259% |
| Amounts receivable and cash guarantees | 285/8 | €17,921 | €243,595 | +€225,674 | +1,259% |
| Current assets | 29/58 | €5,909,236 | €7,540,087 | +€1.6m | +27.6% |
| Stocks and contracts in progress | 3 | €823,433 | €1,179,319 | +€355,885 | +43.2% |
| Stocks | 30/36 | €823,433 | €1,179,319 | +€355,885 | +43.2% |
| Raw materials and consumables | 30/31 | - | €981,819 | +€981,819 | |
| Work in progress | 32 | - | €88,411 | +€88,411 | |
| Finished goods | 33 | €0 | €88,358 | +€88,358 | |
| Goods purchased for resale | 34 | €823,433 | €20,731 | -€802,702 | -97.5% |
| Amounts receivable within one year | 40/41 | €4,627,888 | €4,534,004 | -€93,885 | -2.0% |
| Trade receivables | 40 | €4,156,643 | €3,159,247 | -€997,396 | -24.0% |
| Other amounts receivable | 41 | €471,245 | €1,374,756 | +€903,511 | +192% |
| Cash at bank and in hand | 54/58 | €339,439 | €1,778,980 | +€1.4m | +424% |
| Deferred charges and accrued income | 490/1 | €118,475 | €47,784 | -€70,691 | -59.7% |
| Total equity and liabilities | 10/49 | €21,671,100 | €25,772,384 | +€4.1m | +18.9% |
| Equity | 10/15 | €2,687,642 | €4,567,559 | +€1.9m | +69.9% |
| Contributions | 10/11 | €5,229,753 | €11,229,753 | +€6.0m | +115% |
| Capital | 10 | €5,229,753 | €11,229,753 | +€6.0m | +115% |
| Issued capital | 100 | €5,229,753 | €11,229,753 | +€6.0m | +115% |
| Profit (loss) carried forward | 14 | -€3,586,111 | -€8,370,859 | -€4.8m | -133% |
| Investment grants | 15 | €1,044,000 | €1,708,666 | +€664,666 | +63.7% |
| Amounts payable | 17/49 | €18,983,458 | €21,204,825 | +€2.2m | +11.7% |
| Amounts payable after more than one year | 17 | €8,724,332 | €12,582,396 | +€3.9m | +44.2% |
| Financial debts | 170/4 | €8,724,332 | €12,582,396 | +€3.9m | +44.2% |
| Credit institutions | 173 | €8,724,332 | €12,582,396 | +€3.9m | +44.2% |
| Amounts payable within one year | 42/48 | €10,104,780 | €8,530,421 | -€1.6m | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €1,023,947 | €1,475,486 | +€451,539 | +44.1% |
| Financial debts | 43 | €2,102,185 | €3,402,521 | +€1.3m | +61.9% |
| Credit institutions | 430/8 | €2,102,185 | €3,402,521 | +€1.3m | +61.9% |
| Trade debts | 44 | €3,027,761 | €2,949,753 | -€78,008 | -2.6% |
| Suppliers | 440/4 | €3,027,761 | €2,949,753 | -€78,008 | -2.6% |
| Taxes, remuneration and social security | 45 | €600,886 | €702,661 | +€101,775 | +16.9% |
| Taxes | 450/3 | €188,981 | €249,750 | +€60,768 | +32.2% |
| Remuneration and social security | 454/9 | €411,905 | €452,912 | +€41,007 | +10.0% |
| Other amounts payable | 47/48 | €3,350,000 | - | -€3.4m | |
| Accrued charges and deferred income | 492/3 | €154,347 | €92,008 | -€62,339 | -40.4% |
| Operating income | 70/76A | €28,711,974 | €30,331,514 | +€1.6m | +5.6% |
| Turnover | 70 | €28,435,805 | €29,918,310 | +€1.5m | +5.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €9,351 | €176,768 | +€167,418 | +1,790% |
| Other operating income | 74 | €229,866 | €236,436 | +€6,570 | +2.9% |
| Non-recurring operating income | 76A | €36,952 | - | -€36,952 | |
| Operating charges | 60/66A | €32,274,054 | €34,377,120 | +€2.1m | +6.5% |
| Goods for resale, raw materials and consumables | 60 | €22,004,757 | €22,644,878 | +€640,120 | +2.9% |
| Purchases | 600/8 | €22,373,656 | €22,823,994 | +€450,338 | +2.0% |
| Change in stocks: decrease (increase) | 609 | -€368,899 | -€179,117 | +€189,782 | +51.4% |
| Services and other goods | 61 | €4,905,364 | €5,246,406 | +€341,042 | +7.0% |
| Remuneration, social security and pensions | 62 | €3,157,841 | €3,708,165 | +€550,324 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,135,645 | €2,758,036 | +€622,391 | +29.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,983 | +€3,983 | |
| Other operating charges | 640/8 | €11,969 | €15,653 | +€3,684 | +30.8% |
| Non-recurring operating charges | 66A | €58,478 | - | -€58,478 | |
| Operating profit (loss) | 9901 | -€3,562,080 | -€4,045,606 | -€483,526 | -13.6% |
| Financial income | 75/76B | €3,989 | €380,295 | +€376,306 | +9,434% |
| Recurring financial income | 75 | €3,989 | €380,295 | +€376,306 | +9,434% |
| Other financial income | 752/9 | €3,989 | €380,295 | +€376,306 | +9,434% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €895,357 | €1,112,609 | +€217,252 | +24.3% |
| Recurring financial charges | 65 | €895,357 | €1,112,609 | +€217,252 | +24.3% |
| Debt charges | 650 | €591,358 | €778,398 | +€187,040 | +31.6% |
| Other financial charges | 652/9 | €303,999 | €334,211 | +€30,212 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,453,448 | -€4,777,920 | -€324,472 | -7.3% |
| Income taxes | 67/77 | €1,726 | €6,829 | +€5,102 | +296% |
| Taxes | 670/3 | €1,780 | €6,829 | +€5,049 | +284% |
| Tax adjustments and reversals of tax provisions | 77 | €54 | - | -€54 | |
| Profit (loss) for the period | 9904 | -€4,455,174 | -€4,784,748 | -€329,574 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,455,174 | -€4,784,748 | -€329,574 | -7.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.