TECHNOLEASE: what changed
Two financial 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.
TECHNOLEASE
Largest movements
- Receivables within one year +€135,320
up €135,320 (+123%), from €110,442 to €245,762
of which Trade receivables: +€91,449
- Cash -€37,493
down €37,493 (-39.6%), from €94,641 to €57,148
mainly Receivables within one year (-€135,320) and Investment in fixed assets (net) (-€95,059)
- Stocks and contracts -€28,800
down €28,800 (-10.8%), from €266,342 to €237,542
- Tangible fixed assets +€22,970
up €22,970 (+11.9%), from €193,139 to €216,109
of which Plant, machinery and equipment: +€19,591
- Other debts +€48,934
up €48,934 (+20.0%), from €244,888 to €293,821
- Trade debts +€44,418
up €44,418 (+129%), from €34,502 to €78,920
- Reserves +€15,829
up €15,829 (+4.7%), from €335,184 to €351,013
of which Distributable reserves: +€15,829
- Tax, wage and social debts -€12,991
down €12,991 (-29.6%), from €43,850 to €30,859
of which Taxes: -€17,601
- Gross operating margin -€108,196
down €108,196 (-34.2%), from €316,628 to €208,431
- Taxes -€44,521
down €44,521 (-87.6%), from €50,832 to €6,311
- Depreciation +€13,204
up €13,204 (+22.4%), from €58,885 to €72,089
- Staff costs +€12,697
up €12,697 (+15.1%), from €84,162 to €96,859
- Financial charges +€3,746
up €3,746 (+31.5%), from €11,891 to €15,636
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.
Derived cash bridge
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 | €664,623 | €760,814 | +€96,190 | +14.5% |
| Fixed assets | 21/28 | €193,199 | €216,169 | +€22,970 | +11.9% |
| Tangible fixed assets | 22/27 | €193,139 | €216,109 | +€22,970 | +11.9% |
| Land and buildings | 22 | €15,000 | €15,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €73,202 | €92,793 | +€19,591 | +26.8% |
| Furniture and vehicles | 24 | €104,936 | €108,316 | +€3,380 | +3.2% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €471,425 | €544,645 | +€73,220 | +15.5% |
| Stocks and contracts in progress | 3 | €266,342 | €237,542 | -€28,800 | -10.8% |
| Stocks | 30/36 | €266,342 | €237,542 | -€28,800 | -10.8% |
| Amounts receivable within one year | 40/41 | €110,442 | €245,762 | +€135,320 | +123% |
| Trade receivables | 40 | €97,408 | €188,856 | +€91,449 | +93.9% |
| Other amounts receivable | 41 | €13,034 | €56,905 | +€43,871 | +337% |
| Cash at bank and in hand | 54/58 | €94,641 | €57,148 | -€37,493 | -39.6% |
| Deferred charges and accrued income | 490/1 | - | €4,193 | +€4,193 | |
| Total equity and liabilities | 10/49 | €664,623 | €760,814 | +€96,190 | +14.5% |
| Equity | 10/15 | €341,384 | €357,213 | +€15,829 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €335,184 | €351,013 | +€15,829 | +4.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €333,324 | €349,153 | +€15,829 | +4.7% |
| Amounts payable | 17/49 | €323,239 | €403,600 | +€80,361 | +24.9% |
| Amounts payable within one year | 42/48 | €323,239 | €403,600 | +€80,361 | +24.9% |
| Trade debts | 44 | €34,502 | €78,920 | +€44,418 | +129% |
| Suppliers | 440/4 | €34,502 | €78,920 | +€44,418 | +129% |
| Taxes, remuneration and social security | 45 | €43,850 | €30,859 | -€12,991 | -29.6% |
| Taxes | 450/3 | €28,474 | €10,872 | -€17,601 | -61.8% |
| Remuneration and social security | 454/9 | €15,377 | €19,987 | +€4,611 | +30.0% |
| Other amounts payable | 47/48 | €244,888 | €293,821 | +€48,934 | +20.0% |
| Remuneration, social security and pensions | 62 | €84,162 | €96,859 | +€12,697 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,885 | €72,089 | +€13,204 | +22.4% |
| Other operating charges | 640/8 | €3,954 | €2,405 | -€1,548 | -39.2% |
| Gross operating margin | 9900 | €316,628 | €208,431 | -€108,196 | -34.2% |
| Operating profit (loss) | 9901 | €169,627 | €37,079 | -€132,548 | -78.1% |
| Financial income | 75/76B | €613 | €697 | +€85 | +13.9% |
| Recurring financial income | 75 | €613 | €697 | +€85 | +13.9% |
| Financial charges | 65/66B | €11,891 | €15,636 | +€3,746 | +31.5% |
| Recurring financial charges | 65 | €11,891 | €15,636 | +€3,746 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €158,349 | €22,140 | -€136,209 | -86.0% |
| Income taxes | 67/77 | €50,832 | €6,311 | -€44,521 | -87.6% |
| Profit (loss) for the period | 9904 | €107,517 | €15,829 | -€91,688 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €107,517 | €15,829 | -€91,688 | -85.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.