Technology & Construction: 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.
Technology & Construction
Largest movements
- Receivables within one year +€119,446
up €119,446 (+111%), from €107,499 to €226,945
of which Other amounts receivable: +€209,776
- Tangible fixed assets +€64,701
up €64,701 (+249%), from €25,970 to €90,671
of which Furniture and vehicles: +€52,849
- Cash +€15,617
up €15,617 (+7.4%), from €210,926 to €226,542
mainly Net result for the year (+€199,863) and Other debts (+€160,204)
- Other debts +€160,204
up €160,204 (+4,984%), from €3,214 to €163,418
- Tax, wage and social debts +€39,958
up €39,958 (+140%), from €28,472 to €68,430
- Gross operating margin +€82,553
up €82,553 (+37.3%), from €221,159 to €303,713
- Taxes +€24,991
up €24,991 (+39.5%), from €63,261 to €88,252
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 | €668,623 | €868,382 | +€199,759 | +29.9% |
| Fixed assets | 21/28 | €349,308 | €414,009 | +€64,701 | +18.5% |
| Tangible fixed assets | 22/27 | €25,970 | €90,671 | +€64,701 | +249% |
| Plant, machinery and equipment | 23 | €2,974 | €4,292 | +€1,318 | +44.3% |
| Furniture and vehicles | 24 | €18,509 | €71,358 | +€52,849 | +286% |
| Other tangible fixed assets | 26 | €4,487 | €15,022 | +€10,535 | +235% |
| Financial fixed assets | 28 | €323,339 | €323,339 | = | 0.0% |
| Current assets | 29/58 | €319,314 | €454,373 | +€135,058 | +42.3% |
| Amounts receivable within one year | 40/41 | €107,499 | €226,945 | +€119,446 | +111% |
| Trade receivables | 40 | €105,270 | €14,940 | -€90,330 | -85.8% |
| Other amounts receivable | 41 | €2,229 | €212,005 | +€209,776 | +9,410% |
| Cash at bank and in hand | 54/58 | €210,926 | €226,542 | +€15,617 | +7.4% |
| Deferred charges and accrued income | 490/1 | €889 | €885 | -€4 | -0.4% |
| Total equity and liabilities | 10/49 | €668,623 | €868,382 | +€199,759 | +29.9% |
| Equity | 10/15 | €635,752 | €629,010 | -€6,742 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €617,152 | €610,410 | -€6,742 | -1.1% |
| Tax-exempt reserves | 132 | €623 | €623 | = | 0.0% |
| Distributable reserves | 133 | €616,529 | €609,787 | -€6,742 | -1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €321 | €321 | = | 0.0% |
| Deferred taxes | 168 | €321 | €321 | = | 0.0% |
| Amounts payable | 17/49 | €32,550 | €239,052 | +€206,501 | +634% |
| Amounts payable within one year | 42/48 | €32,550 | €239,052 | +€206,501 | +634% |
| Trade debts | 44 | €864 | €7,203 | +€6,339 | +734% |
| Suppliers | 440/4 | €864 | €7,203 | +€6,339 | +734% |
| Taxes, remuneration and social security | 45 | €28,472 | €68,430 | +€39,958 | +140% |
| Taxes | 450/3 | €28,472 | €68,430 | +€39,958 | +140% |
| Other amounts payable | 47/48 | €3,214 | €163,418 | +€160,204 | +4,984% |
| Non-recurring operating income | 76A | - | €5,121 | +€5,121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,593 | €12,227 | +€2,634 | +27.5% |
| Other operating charges | 640/8 | €1,432 | €1,132 | -€300 | -21.0% |
| Gross operating margin | 9900 | €221,159 | €303,713 | +€82,553 | +37.3% |
| Operating profit (loss) | 9901 | €210,135 | €290,354 | +€80,219 | +38.2% |
| Financial income | 75/76B | €785 | €895 | +€110 | +14.0% |
| Recurring financial income | 75 | €785 | €895 | +€110 | +14.0% |
| Financial charges | 65/66B | €328 | €3,135 | +€2,807 | +856% |
| Recurring financial charges | 65 | €328 | €3,135 | +€2,807 | +856% |
| Profit (loss) for the period before taxes | 9903 | €210,592 | €288,115 | +€77,523 | +36.8% |
| Income taxes | 67/77 | €63,261 | €88,252 | +€24,991 | +39.5% |
| Profit (loss) for the period | 9904 | €147,331 | €199,863 | +€52,532 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €147,331 | €199,863 | +€52,532 | +35.7% |
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 25 October 2026 via checked.be.