TECHNOGAZ: 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.
TECHNOGAZ
Largest movements
- Receivables within one year +€287,104
up €287,104 (+38.9%), from €737,546 to €1.0m
of which Trade receivables: +€321,566
- Stocks and contracts -€119,129
down €119,129 (-73.6%), from €161,862 to €42,733
- Tangible fixed assets -€115,831
down €115,831 (-16.9%), from €684,834 to €569,003
of which Furniture and vehicles: -€94,338
- Cash +€35,701
up €35,701 (+237.6%), from €15,023 to €50,724
mainly Depreciation (+€216,451) and Trade debts (+€169,597)
- Debts after one year -€185,967
down €185,967 (-27.3%), from €680,233 to €494,266
of which Financial debts: -€168,967
- Trade debts +€169,597
up €169,597 (+67.0%), from €253,210 to €422,807
- Profit (loss) carried forward +€111,396
up €111,396 (+67.7%), from -€164,493 to -€53,097
- Tax, wage and social debts -€26,674
down €26,674 (-38.9%), from €68,659 to €41,984
of which Remuneration and social security: -€26,630
- Accrued charges and deferred income +€19,346
up €19,346 (+41.4%), from €46,692 to €66,038
- Gross operating margin +€243,634
up €243,634 (+25.8%), from €943,530 to €1.2m
- Staff costs -€42,977
down €42,977 (-5.2%), from €829,220 to €786,243
- Depreciation +€18,809
up €18,809 (+9.5%), from €197,642 to €216,451
- Financial charges -€13,018
down €13,018 (-23.9%), from €54,404 to €41,386
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 | €1,616,371 | €1,711,174 | +€94,803 | +5.9% |
| Fixed assets | 21/28 | €701,940 | €593,067 | -€108,873 | -15.5% |
| Intangible fixed assets | 21 | €1,881 | €1,370 | -€511 | -27.2% |
| Tangible fixed assets | 22/27 | €684,834 | €569,003 | -€115,831 | -16.9% |
| Land and buildings | 22 | €43,744 | €43,744 | = | 0.0% |
| Plant, machinery and equipment | 23 | €102,346 | €80,853 | -€21,493 | -21.0% |
| Furniture and vehicles | 24 | €538,744 | €444,406 | -€94,338 | -17.5% |
| Financial fixed assets | 28 | €15,225 | €22,695 | +€7,469 | +49.1% |
| Current assets | 29/58 | €914,431 | €1,118,107 | +€203,676 | +22.3% |
| Stocks and contracts in progress | 3 | €161,862 | €42,733 | -€119,129 | -73.6% |
| Stocks | 30/36 | €161,862 | €42,733 | -€119,129 | -73.6% |
| Amounts receivable within one year | 40/41 | €737,546 | €1,024,650 | +€287,104 | +38.9% |
| Trade receivables | 40 | €595,316 | €916,882 | +€321,566 | +54.0% |
| Other amounts receivable | 41 | €142,230 | €107,768 | -€34,462 | -24.2% |
| Cash at bank and in hand | 54/58 | €15,023 | €50,724 | +€35,701 | +237.6% |
| Total equity and liabilities | 10/49 | €1,616,371 | €1,711,174 | +€94,803 | +5.9% |
| Equity | 10/15 | €291,617 | €403,013 | +€111,396 | +38.2% |
| Contributions | 10/11 | €202,600 | €202,600 | = | 0.0% |
| Capital | 10 | €202,600 | €202,600 | = | 0.0% |
| Issued capital | 100 | €202,600 | €202,600 | = | 0.0% |
| Reserves | 13 | €253,510 | €253,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,700 | €20,700 | = | 0.0% |
| Legal reserve | 130 | €20,700 | €20,700 | = | 0.0% |
| Distributable reserves | 133 | €232,810 | €232,810 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,493 | -€53,097 | +€111,396 | +67.7% |
| Amounts payable | 17/49 | €1,324,754 | €1,308,161 | -€16,593 | -1.3% |
| Amounts payable after more than one year | 17 | €680,233 | €494,266 | -€185,967 | -27.3% |
| Financial debts | 170/4 | €398,490 | €229,523 | -€168,967 | -42.4% |
| Other amounts payable | 178/9 | €281,743 | €264,743 | -€17,000 | -6.0% |
| Amounts payable within one year | 42/48 | €597,829 | €747,858 | +€150,028 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €163,724 | €168,967 | +€5,243 | +3.2% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €253,210 | €422,807 | +€169,597 | +67.0% |
| Suppliers | 440/4 | €253,210 | €422,807 | +€169,597 | +67.0% |
| Taxes, remuneration and social security | 45 | €68,659 | €41,984 | -€26,674 | -38.9% |
| Taxes | 450/3 | €6,409 | €6,365 | -€44 | -0.7% |
| Remuneration and social security | 454/9 | €62,250 | €35,620 | -€26,630 | -42.8% |
| Other amounts payable | 47/48 | €12,237 | €14,099 | +€1,862 | +15.2% |
| Accrued charges and deferred income | 492/3 | €46,692 | €66,038 | +€19,346 | +41.4% |
| Remuneration, social security and pensions | 62 | €829,220 | €786,243 | -€42,977 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,642 | €216,451 | +€18,809 | +9.5% |
| Other operating charges | 640/8 | €31,037 | €31,164 | +€127 | +0.4% |
| Gross operating margin | 9900 | €943,530 | €1,187,163 | +€243,634 | +25.8% |
| Operating profit (loss) | 9901 | -€114,370 | €153,306 | +€267,675 | |
| Financial income | 75/76B | €3,652 | €3 | -€3,649 | -99.9% |
| Recurring financial income | 75 | €3,652 | €3 | -€3,649 | -99.9% |
| Financial charges | 65/66B | €54,404 | €41,386 | -€13,018 | -23.9% |
| Recurring financial charges | 65 | €54,404 | €41,386 | -€13,018 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | -€165,121 | €111,923 | +€277,044 | |
| Income taxes | 67/77 | €284 | €527 | +€244 | +85.8% |
| Profit (loss) for the period | 9904 | -€165,405 | €111,396 | +€276,801 | |
| Profit (loss) for the period to be appropriated | 9905 | -€165,405 | €111,396 | +€276,801 |
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.