TECHNORESINE: 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.
TECHNORESINE
Largest movements
- Receivables within one year -€288,922
down €288,922 (-26.0%), from €1.1m to €821,288
of which Other amounts receivable: -€572,830
- Stocks and contracts +€104,270
up €104,270 (+242.2%), from €43,052 to €147,322
of which Stocks: +€93,695
- Cash -€41,420
down €41,420 (-20.4%), from €203,333 to €161,913
mainly Tax, wage and social debts (-€224,340) and Other debts (-€198,260)
- Tax, wage and social debts -€224,340
down €224,340 (-76.2%), from €294,356 to €70,016
of which Taxes: -€244,709
- Other debts -€198,260
down €198,260 (-56.8%), from €349,064 to €150,804
- Trade debts +€178,229
up €178,229 (+31.8%), from €560,909 to €739,138
- Taxes -€215,832
down €215,832 (-85.8%), from €251,610 to €35,778
- Other operating charges +€79,173
up €79,173 (+2876.9%), from €2,752 to €81,925
- Staff costs -€64,876
down €64,876 (-19.7%), from €329,337 to €264,461
- Gross operating margin -€45,237
down €45,237 (-10.1%), from €446,379 to €401,142
- Financial charges -€40,094
down €40,094 (-79.9%), from €50,169 to €10,075
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 | €1,390,166 | €1,164,570 | -€225,596 | -16.2% |
| Fixed assets | 21/28 | €30,484 | €31,848 | +€1,364 | +4.5% |
| Tangible fixed assets | 22/27 | €1,963 | €2,871 | +€908 | +46.2% |
| Plant, machinery and equipment | 23 | €1,164 | €2,290 | +€1,126 | +96.7% |
| Furniture and vehicles | 24 | €799 | €581 | -€218 | -27.3% |
| Financial fixed assets | 28 | €28,521 | €28,977 | +€456 | +1.6% |
| Current assets | 29/58 | €1,359,683 | €1,132,722 | -€226,961 | -16.7% |
| Stocks and contracts in progress | 3 | €43,052 | €147,322 | +€104,270 | +242.2% |
| Stocks | 30/36 | €43,052 | €136,747 | +€93,695 | +217.6% |
| Contracts in progress | 37 | - | €10,575 | +€10,575 | |
| Amounts receivable within one year | 40/41 | €1,110,210 | €821,288 | -€288,922 | -26.0% |
| Trade receivables | 40 | €284,929 | €568,838 | +€283,909 | +99.6% |
| Other amounts receivable | 41 | €825,281 | €252,451 | -€572,830 | -69.4% |
| Cash at bank and in hand | 54/58 | €203,333 | €161,913 | -€41,420 | -20.4% |
| Deferred charges and accrued income | 490/1 | €3,087 | €2,199 | -€888 | -28.8% |
| Total equity and liabilities | 10/49 | €1,390,166 | €1,164,570 | -€225,596 | -16.2% |
| Equity | 10/15 | €120,290 | €131,126 | +€10,836 | +9.0% |
| Contributions | 10/11 | €18,300 | €18,300 | = | 0.0% |
| Reserves | 13 | €3,503 | €3,503 | +€0 | 0.0% |
| Distributable reserves | 133 | €3,503 | €3,503 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €98,487 | €109,323 | +€10,836 | +11.0% |
| Amounts payable | 17/49 | €1,269,876 | €1,033,445 | -€236,431 | -18.6% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 170/4 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,207,476 | €965,045 | -€242,431 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €3,148 | €3,195 | +€47 | +1.5% |
| Financial debts | 43 | - | €1,892 | +€1,892 | |
| Credit institutions | 430/8 | - | €1,892 | +€1,892 | |
| Trade debts | 44 | €560,909 | €739,138 | +€178,229 | +31.8% |
| Suppliers | 440/4 | €560,909 | €739,138 | +€178,229 | +31.8% |
| Taxes, remuneration and social security | 45 | €294,356 | €70,016 | -€224,340 | -76.2% |
| Taxes | 450/3 | €275,187 | €30,478 | -€244,709 | -88.9% |
| Remuneration and social security | 454/9 | €19,169 | €39,538 | +€20,369 | +106.3% |
| Other amounts payable | 47/48 | €349,064 | €150,804 | -€198,260 | -56.8% |
| Accrued charges and deferred income | 492/3 | €2,400 | €8,400 | +€6,000 | +250.0% |
| Remuneration, social security and pensions | 62 | €329,337 | €264,461 | -€64,876 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554 | €892 | +€338 | +61.0% |
| Other operating charges | 640/8 | €2,752 | €81,925 | +€79,173 | +2876.9% |
| Non-recurring operating charges | 66A | - | €6,171 | +€6,171 | |
| Gross operating margin | 9900 | €446,379 | €401,142 | -€45,237 | -10.1% |
| Operating profit (loss) | 9901 | €113,735 | €47,694 | -€66,041 | -58.1% |
| Financial income | 75/76B | €13,070 | €8,994 | -€4,076 | -31.2% |
| Recurring financial income | 75 | €13,070 | €8,994 | -€4,076 | -31.2% |
| Financial charges | 65/66B | €50,169 | €10,075 | -€40,094 | -79.9% |
| Recurring financial charges | 65 | €50,169 | €10,075 | -€40,094 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €76,636 | €46,614 | -€30,022 | -39.2% |
| Income taxes | 67/77 | €251,610 | €35,778 | -€215,832 | -85.8% |
| Profit (loss) for the period | 9904 | -€174,975 | €10,836 | +€185,811 | |
| Profit (loss) for the period to be appropriated | 9905 | -€174,975 | €10,836 | +€185,811 |
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 12 October 2026 via checked.be.