Technology Driven Products & Processes: 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 Driven Products & Processes
Largest movements
- Tangible fixed assets -€28,322
down €28,322 (-5.5%), from €512,299 to €483,977
of which Land and buildings: -€27,654
- Debts after one year +€61,705
up €61,705 (+16.8%), from €367,283 to €428,988
- Reserves -€44,569
down €44,569 (-10.4%), from €428,332 to €383,763
of which Distributable reserves: -€44,569
- Profit (loss) carried forward -€37,496
down €37,496 (-100.0%), from €37,496 to €0
- Other debts -€19,938
down €19,938 (-100.0%), from €19,938 to €0
- Short-term financial debts +€11,450
up €11,450 (+8.8%), from €129,950 to €141,400
- Financial charges +€8,717
up €8,717 (+43.7%), from €19,927 to €28,644
- Depreciation -€8,157
down €8,157 (-22.4%), from €36,479 to €28,322
- Gross operating margin +€2,751
up €2,751 (+11.2%), from -€24,562 to -€21,811
- Other operating charges -€2,280
down €2,280 (-47.0%), from €4,848 to €2,568
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.
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 | €1,119,565 | €1,097,199 | -€22,366 | -2.0% |
| Fixed assets | 21/28 | €1,102,866 | €1,074,544 | -€28,322 | -2.6% |
| Tangible fixed assets | 22/27 | €512,299 | €483,977 | -€28,322 | -5.5% |
| Land and buildings | 22 | €511,144 | €483,490 | -€27,654 | -5.4% |
| Plant, machinery and equipment | 23 | €957 | €487 | -€470 | -49.1% |
| Furniture and vehicles | 24 | €198 | €0 | -€198 | -100.0% |
| Financial fixed assets | 28 | €590,567 | €590,567 | = | 0.0% |
| Current assets | 29/58 | €16,699 | €22,656 | +€5,956 | +35.7% |
| Amounts receivable within one year | 40/41 | €15,675 | €19,644 | +€3,969 | +25.3% |
| Trade receivables | 40 | €15,675 | €13,923 | -€1,752 | -11.2% |
| Other amounts receivable | 41 | €0 | €5,721 | +€5,721 | |
| Cash at bank and in hand | 54/58 | €1,025 | €3,012 | +€1,987 | +193.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,119,565 | €1,097,199 | -€22,366 | -2.0% |
| Equity | 10/15 | €484,428 | €402,363 | -€82,066 | -16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €428,332 | €383,763 | -€44,569 | -10.4% |
| 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 | €426,472 | €381,903 | -€44,569 | -10.5% |
| Profit (loss) carried forward | 14 | €37,496 | €0 | -€37,496 | -100.0% |
| Amounts payable | 17/49 | €635,137 | €694,837 | +€59,700 | +9.4% |
| Amounts payable after more than one year | 17 | €367,283 | €428,988 | +€61,705 | +16.8% |
| Financial debts | 170/4 | €367,283 | €428,988 | +€61,705 | +16.8% |
| Amounts payable within one year | 42/48 | €266,029 | €262,127 | -€3,902 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €85,675 | €86,306 | +€631 | +0.7% |
| Financial debts | 43 | €129,950 | €141,400 | +€11,450 | +8.8% |
| Credit institutions | 430/8 | €129,950 | €141,400 | +€11,450 | +8.8% |
| Trade debts | 44 | €22,627 | €26,261 | +€3,634 | +16.1% |
| Suppliers | 440/4 | €22,627 | €26,261 | +€3,634 | +16.1% |
| Taxes, remuneration and social security | 45 | €7,839 | €8,160 | +€321 | +4.1% |
| Taxes | 450/3 | €7,839 | €8,160 | +€321 | +4.1% |
| Other amounts payable | 47/48 | €19,938 | €0 | -€19,938 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,825 | €3,722 | +€1,897 | +103.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,479 | €28,322 | -€8,157 | -22.4% |
| Other operating charges | 640/8 | €4,848 | €2,568 | -€2,280 | -47.0% |
| Non-recurring operating charges | 66A | €97 | €0 | -€97 | -100.0% |
| Gross operating margin | 9900 | -€24,562 | -€21,811 | +€2,751 | +11.2% |
| Operating profit (loss) | 9901 | -€65,986 | -€52,701 | +€13,286 | +20.1% |
| Financial income | 75/76B | €0 | €112 | +€112 | |
| Recurring financial income | 75 | €0 | €112 | +€112 | |
| Financial charges | 65/66B | €19,927 | €28,644 | +€8,717 | +43.7% |
| Recurring financial charges | 65 | €19,927 | €28,644 | +€8,717 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | -€85,913 | -€81,233 | +€4,681 | +5.4% |
| Income taxes | 67/77 | €731 | €833 | +€102 | +14.0% |
| Profit (loss) for the period | 9904 | -€86,644 | -€82,066 | +€4,578 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,644 | -€82,066 | +€4,578 | +5.3% |
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 10 October 2026 via checked.be.