TECHNOLOGY, MACHINES & INSTRUMENTS: 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.
TECHNOLOGY, MACHINES & INSTRUMENTS
Largest movements
- Receivables within one year +€204,992
up €204,992 (+82.4%), from €248,675 to €453,667
of which Trade receivables: +€208,807
- Current investments +€142,813
up €142,813 (+12.0%), from €1.2m to €1.3m
- Cash -€63,745
down €63,745 (-33.1%), from €192,593 to €128,848
mainly Contributions, distributions and other (-€720,681) and Receivables within one year (-€204,992)
- Other debts +€508,806
up €508,806 (+236.8%), from €214,858 to €723,664
- Reserves -€289,203
down €289,203 (-21.2%), from €1.4m to €1.1m
- Trade debts +€30,201
up €30,201 (+47.4%), from €63,720 to €93,921
- Tax, wage and social debts +€24,167
up €24,167 (+460.3%), from €5,250 to €29,417
- Gross operating margin +€157,831
up €157,831 (+34.0%), from €464,133 to €621,964
- Taxes +€51,318
up €51,318 (+33.8%), from €151,757 to €203,075
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 | €1,664,098 | €1,932,035 | +€267,937 | +16.1% |
| Fixed assets | 21/28 | €13,205 | €7,264 | -€5,941 | -45.0% |
| Tangible fixed assets | 22/27 | €13,205 | €7,264 | -€5,941 | -45.0% |
| Land and buildings | 22 | €3,200 | €3,200 | = | 0.0% |
| Furniture and vehicles | 24 | €10,005 | €4,064 | -€5,941 | -59.4% |
| Current assets | 29/58 | €1,650,893 | €1,924,771 | +€273,878 | +16.6% |
| Stocks and contracts in progress | 3 | €18,651 | €8,725 | -€9,926 | -53.2% |
| Stocks | 30/36 | €18,651 | €8,725 | -€9,926 | -53.2% |
| Amounts receivable within one year | 40/41 | €248,675 | €453,667 | +€204,992 | +82.4% |
| Trade receivables | 40 | €243,409 | €452,216 | +€208,807 | +85.8% |
| Other amounts receivable | 41 | €5,266 | €1,451 | -€3,815 | -72.4% |
| Current investments | 50/53 | €1,190,221 | €1,333,034 | +€142,813 | +12.0% |
| Cash at bank and in hand | 54/58 | €192,593 | €128,848 | -€63,745 | -33.1% |
| Deferred charges and accrued income | 490/1 | €754 | €497 | -€257 | -34.0% |
| Total equity and liabilities | 10/49 | €1,664,098 | €1,932,035 | +€267,937 | +16.1% |
| Equity | 10/15 | €1,373,930 | €1,084,727 | -€289,203 | -21.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,361,530 | €1,072,327 | -€289,203 | -21.2% |
| Distributable reserves | 133 | €1,361,530 | €1,072,327 | -€289,203 | -21.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €290,168 | €847,308 | +€557,140 | +192.0% |
| Amounts payable within one year | 42/48 | €290,168 | €847,002 | +€556,834 | +191.9% |
| Trade debts | 44 | €63,720 | €93,921 | +€30,201 | +47.4% |
| Suppliers | 440/4 | €63,720 | €93,921 | +€30,201 | +47.4% |
| Advances received on contracts in progress | 46 | €6,340 | €0 | -€6,340 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,250 | €29,417 | +€24,167 | +460.3% |
| Taxes | 450/3 | €5,250 | €29,417 | +€24,167 | +460.3% |
| Other amounts payable | 47/48 | €214,858 | €723,664 | +€508,806 | +236.8% |
| Accrued charges and deferred income | 492/3 | - | €306 | +€306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,787 | €8,140 | +€353 | +4.5% |
| Other operating charges | 640/8 | €1,767 | €822 | -€946 | -53.5% |
| Gross operating margin | 9900 | €464,133 | €621,964 | +€157,831 | +34.0% |
| Operating profit (loss) | 9901 | €454,579 | €613,002 | +€158,424 | +34.9% |
| Financial income | 75/76B | €18,613 | €21,672 | +€3,058 | +16.4% |
| Recurring financial income | 75 | €18,613 | €21,672 | +€3,058 | +16.4% |
| Financial charges | 65/66B | €76 | €121 | +€45 | +58.6% |
| Recurring financial charges | 65 | €76 | €121 | +€45 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €473,116 | €634,554 | +€161,438 | +34.1% |
| Income taxes | 67/77 | €151,757 | €203,075 | +€51,318 | +33.8% |
| Profit (loss) for the period | 9904 | €321,359 | €431,479 | +€110,120 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €321,359 | €431,479 | +€110,120 | +34.3% |
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 3 October 2026 via checked.be.