TECHNORAIL: 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.
TECHNORAIL
Largest movements
- Receivables within one year +€516,756
up €516,756 (+196.3%), from €263,267 to €780,023
of which Trade receivables: +€406,368
- Cash +€320,761
up €320,761 (+42.8%), from €749,120 to €1.1m
mainly Trade debts (+€411,186) and Net result for the year (+€300,308)
- Stocks and contracts -€250,128
down €250,128 (-30.0%), from €832,461 to €582,333
- Trade debts +€411,186
up €411,186 (+131.1%), from €313,695 to €724,881
- Profit (loss) carried forward +€120,308
up €120,308 (+9.3%), from €1.3m to €1.4m
- Other debts +€120,000
up €120,000 (+200.0%), from €60,000 to €180,000
- Tax, wage and social debts -€65,158
down €65,158 (-96.4%), from €67,608 to €2,450
- Taxes -€24,765
down €24,765 (-38.1%), from €64,960 to €40,195
- Gross operating margin +€20,563
up €20,563 (+6.4%), from €321,865 to €342,427
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 | €1,846,583 | €2,433,971 | +€587,388 | +31.8% |
| Fixed assets | 21/28 | €1,245 | €1,245 | = | 0.0% |
| Financial fixed assets | 28 | €1,245 | €1,245 | = | 0.0% |
| Current assets | 29/58 | €1,845,338 | €2,432,726 | +€587,388 | +31.8% |
| Stocks and contracts in progress | 3 | €832,461 | €582,333 | -€250,128 | -30.0% |
| Stocks | 30/36 | €832,461 | €582,333 | -€250,128 | -30.0% |
| Amounts receivable within one year | 40/41 | €263,267 | €780,023 | +€516,756 | +196.3% |
| Trade receivables | 40 | €218,227 | €624,595 | +€406,368 | +186.2% |
| Other amounts receivable | 41 | €45,040 | €155,428 | +€110,388 | +245.1% |
| Cash at bank and in hand | 54/58 | €749,120 | €1,069,881 | +€320,761 | +42.8% |
| Deferred charges and accrued income | 490/1 | €489 | €489 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,846,583 | €2,433,971 | +€587,388 | +31.8% |
| Equity | 10/15 | €1,400,942 | €1,521,250 | +€120,308 | +8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €41,737 | €41,737 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €35,537 | €35,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,297,206 | €1,417,514 | +€120,308 | +9.3% |
| Amounts payable | 17/49 | €445,641 | €912,721 | +€467,080 | +104.8% |
| Amounts payable within one year | 42/48 | €441,303 | €907,331 | +€466,028 | +105.6% |
| Trade debts | 44 | €313,695 | €724,881 | +€411,186 | +131.1% |
| Suppliers | 440/4 | €313,695 | €724,881 | +€411,186 | +131.1% |
| Taxes, remuneration and social security | 45 | €67,608 | €2,450 | -€65,158 | -96.4% |
| Taxes | 450/3 | €67,608 | €2,450 | -€65,158 | -96.4% |
| Other amounts payable | 47/48 | €60,000 | €180,000 | +€120,000 | +200.0% |
| Accrued charges and deferred income | 492/3 | €4,338 | €5,389 | +€1,052 | +24.2% |
| Other operating charges | 640/8 | €1,210 | €1,242 | +€33 | +2.7% |
| Gross operating margin | 9900 | €321,865 | €342,427 | +€20,563 | +6.4% |
| Operating profit (loss) | 9901 | €320,655 | €341,185 | +€20,530 | +6.4% |
| Financial income | 75/76B | €21 | €181 | +€160 | +760.0% |
| Recurring financial income | 75 | €21 | €181 | +€160 | +760.0% |
| Financial charges | 65/66B | €1,087 | €862 | -€224 | -20.7% |
| Recurring financial charges | 65 | €1,087 | €862 | -€224 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €319,589 | €340,503 | +€20,914 | +6.5% |
| Income taxes | 67/77 | €64,960 | €40,195 | -€24,765 | -38.1% |
| Profit (loss) for the period | 9904 | €254,629 | €300,308 | +€45,679 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €254,629 | €300,308 | +€45,679 | +17.9% |
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.