Technogas: 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
Technogas
NACE 42.220, Construction of utility projects for electricity and telecommunications
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €2.3m-€174,427
Equity
€3.5m
2024 · €3.6m-€56,210
Cash
€1.3m
2024 · €1.0m+€335,307
Balance sheet total
€8.1m
2024 · €8.3m-€184,139
Largest movements
Assets
- Current investments -€1.5m
down €1.5m (-95.5%), from €1.6m to €72,606
- Financial fixed assets +€900,000
up €900,000 (+29.7%), from €3.0m to €3.9m
- Cash +€335,307
up €335,307 (+33.4%), from €1.0m to €1.3m
mainly Net result for the year (+€2.1m) and Current investments (+€1.5m)
- Receivables within one year +€323,935
up €323,935 (+18.7%), from €1.7m to €2.1m
of which Trade receivables: +€174,586
- Receivables after one year -€200,000
down €200,000 (-100.0%), from €200,000 to €0
Equity and liabilities
- Advances received -€602,462
down €602,462 (-16.2%), from €3.7m to €3.1m
- Debts after one year +€475,613
new in 2025: €475,613
- Current portion of long-term debt +€123,863
new in 2025: €123,863
- Trade debts -€99,653
down €99,653 (-12.9%), from €774,404 to €674,752
Income statement
- Financial income -€124,902
down €124,902 (-78.2%), from €159,810 to €34,908
- Staff costs +€54,446
up €54,446 (+4.9%), from €1.1m to €1.2m
- Taxes -€47,828
down €47,828 (-6.1%), from €779,396 to €731,568
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
€2.3m
Gross operating margin
-€39,014
Staff costs
-€54,446
Depreciation
-€33,504
Write-downs
-€1,692
Provisions
+€34,203
Other operating charges
+€439
Financial income
-€124,902
Financial charges
-€3,339
Taxes
+€47,828
Result 2025
€2.1m
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
+€543,732
Financing
-€1.6m
Cash 2024
€1.0m
From operations (derived)
+€1.4m
Net result for the year
+€2.1m
Depreciation
+€117,214
Receivables after one year
+€200,000
Stocks and contracts
-€17,699
Receivables within one year
-€323,935
Smaller working-capital items
-€620
Provisions
-€19,083
Trade debts
-€99,653
Tax, wage and social debts
+€5,808
Advances received
-€602,462
Other debts
-€11,261
Investment (derived)
+€543,732
Investment in fixed assets (net)
-€994,810
Current investments
+€1.5m
Financing
-€1.6m
Debts after one year
+€475,613
Current portion of long-term debt
+€123,863
Contributions, distributions and other
-€2.2m
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,333,420 | €8,149,281 | -€184,139 | -2.2% |
| Fixed assets | 21/28 | €3,649,435 | €4,527,032 | +€877,596 | +24.0% |
| Intangible fixed assets | 21 | - | €1,242 | +€1,242 | |
| Tangible fixed assets | 22/27 | €619,435 | €595,790 | -€23,646 | -3.8% |
| Land and buildings | 22 | €314,282 | €341,717 | +€27,434 | +8.7% |
| Plant, machinery and equipment | 23 | €1,776 | €1,532 | -€244 | -13.8% |
| Furniture and vehicles | 24 | €303,377 | €252,541 | -€50,836 | -16.8% |
| Financial fixed assets | 28 | €3,030,000 | €3,930,000 | +€900,000 | +29.7% |
| Current assets | 29/58 | €4,683,984 | €3,622,249 | -€1.1m | -22.7% |
| Amounts receivable after more than one year | 29 | €200,000 | €0 | -€200,000 | -100.0% |
| Other amounts receivable | 291 | €200,000 | €0 | -€200,000 | -100.0% |
| Stocks and contracts in progress | 3 | €123,516 | €141,216 | +€17,699 | +14.3% |
| Stocks | 30/36 | €123,516 | €141,216 | +€17,699 | +14.3% |
| Amounts receivable within one year | 40/41 | €1,735,136 | €2,059,071 | +€323,935 | +18.7% |
| Trade receivables | 40 | €1,592,110 | €1,766,696 | +€174,586 | +11.0% |
| Other amounts receivable | 41 | €143,026 | €292,375 | +€149,349 | +104.4% |
| Current investments | 50/53 | €1,611,147 | €72,606 | -€1.5m | -95.5% |
| Cash at bank and in hand | 54/58 | €1,002,718 | €1,338,025 | +€335,307 | +33.4% |
| Deferred charges and accrued income | 490/1 | €11,467 | €11,332 | -€135 | -1.2% |
| Total equity and liabilities | 10/49 | €8,333,420 | €8,149,281 | -€184,139 | -2.2% |
| Equity | 10/15 | €3,581,031 | €3,524,821 | -€56,210 | -1.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,519,031 | €3,462,821 | -€56,210 | -1.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,512,831 | €3,456,621 | -€56,210 | -1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €100,329 | €81,246 | -€19,083 | -19.0% |
| Provisions for liabilities and charges | 160/5 | €100,329 | €81,246 | -€19,083 | -19.0% |
| Other liabilities and charges | 164/5 | €100,329 | €81,246 | -€19,083 | -19.0% |
| Amounts payable | 17/49 | €4,652,060 | €4,543,214 | -€108,846 | -2.3% |
| Amounts payable after more than one year | 17 | - | €475,613 | +€475,613 | |
| Financial debts | 170/4 | - | €475,613 | +€475,613 | |
| Amounts payable within one year | 42/48 | €4,651,305 | €4,067,601 | -€583,704 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | - | €123,863 | +€123,863 | |
| Trade debts | 44 | €774,404 | €674,752 | -€99,653 | -12.9% |
| Suppliers | 440/4 | €774,404 | €674,752 | -€99,653 | -12.9% |
| Advances received on contracts in progress | 46 | €3,728,046 | €3,125,584 | -€602,462 | -16.2% |
| Taxes, remuneration and social security | 45 | €126,021 | €131,829 | +€5,808 | +4.6% |
| Taxes | 450/3 | €6,753 | €8,649 | +€1,896 | +28.1% |
| Remuneration and social security | 454/9 | €119,268 | €123,181 | +€3,913 | +3.3% |
| Other amounts payable | 47/48 | €22,834 | €11,573 | -€11,261 | -49.3% |
| Accrued charges and deferred income | 492/3 | €755 | €0 | -€755 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,122,570 | €1,177,016 | +€54,446 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,709 | €117,214 | +€33,504 | +40.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,692 | +€1,692 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €15,120 | -€19,083 | -€34,203 | |
| Other operating charges | 640/8 | €9,108 | €8,669 | -€439 | -4.8% |
| Gross operating margin | 9900 | €4,175,432 | €4,136,417 | -€39,014 | -0.9% |
| Operating profit (loss) | 9901 | €2,944,924 | €2,850,910 | -€94,014 | -3.2% |
| Financial income | 75/76B | €159,810 | €34,908 | -€124,902 | -78.2% |
| Recurring financial income | 75 | €159,810 | €34,908 | -€124,902 | -78.2% |
| Financial charges | 65/66B | €7,121 | €10,460 | +€3,339 | +46.9% |
| Recurring financial charges | 65 | €7,121 | €10,460 | +€3,339 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €3,097,612 | €2,875,357 | -€222,255 | -7.2% |
| Income taxes | 67/77 | €779,396 | €731,568 | -€47,828 | -6.1% |
| Profit (loss) for the period | 9904 | €2,318,216 | €2,143,790 | -€174,427 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,318,216 | €2,143,790 | -€174,427 | -7.5% |
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 30 September 2026 via checked.be.