TECHNOTHERM.H.O.: 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.
TECHNOTHERM.H.O.
Largest movements
- Tangible fixed assets +€28,580
up €28,580 (+344%), from €8,297 to €36,877
of which Plant, machinery and equipment: +€34,381
- Receivables within one year -€14,063
down €14,063 (-57.3%), from €24,540 to €10,477
of which Trade receivables: -€13,479
- Cash +€4,849
up €4,849 (+26.1%), from €18,574 to €23,423
mainly Net result for the year (+€21,929) and Receivables within one year (+€14,063)
- Stocks and contracts -€2,200
down €2,200 (-41.5%), from €5,300 to €3,100
- Deferred charges and accrued income -€745
no longer reported in 2025 (was €745)
- Profit (loss) carried forward +€21,929
up €21,929 (+114%), from €19,265 to €41,194
- Current portion of long-term debt -€3,432
down €3,432 (-57.9%), from €5,923 to €2,491
- Debts after one year -€2,491
no longer reported in 2025 (was €2,491)
- Tax, wage and social debts +€1,670
up €1,670 (+76.8%), from €2,175 to €3,845
- Other debts -€1,435
down €1,435 (-20.2%), from €7,085 to €5,651
- Gross operating margin +€22,555
up €22,555 (+272%), from €8,286 to €30,841
- Depreciation +€970
up €970 (+14.3%), from €6,772 to €7,742
- Taxes +€600
new in 2025: €600
- Financial income -€369
down €369 (-99.3%), from €372 to €3
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 | €57,456 | €73,947 | +€16,490 | +28.7% |
| Fixed assets | 21/28 | €8,297 | €36,947 | +€28,650 | +345% |
| Tangible fixed assets | 22/27 | €8,297 | €36,877 | +€28,580 | +344% |
| Plant, machinery and equipment | 23 | €287 | €34,667 | +€34,381 | +11,993% |
| Furniture and vehicles | 24 | €8,010 | €2,209 | -€5,801 | -72.4% |
| Financial fixed assets | 28 | - | €70 | +€70 | |
| Current assets | 29/58 | €49,159 | €37,000 | -€12,159 | -24.7% |
| Stocks and contracts in progress | 3 | €5,300 | €3,100 | -€2,200 | -41.5% |
| Stocks | 30/36 | €5,300 | €3,100 | -€2,200 | -41.5% |
| Amounts receivable within one year | 40/41 | €24,540 | €10,477 | -€14,063 | -57.3% |
| Trade receivables | 40 | €23,548 | €10,068 | -€13,479 | -57.2% |
| Other amounts receivable | 41 | €993 | €409 | -€584 | -58.8% |
| Cash at bank and in hand | 54/58 | €18,574 | €23,423 | +€4,849 | +26.1% |
| Deferred charges and accrued income | 490/1 | €745 | - | -€745 | |
| Total equity and liabilities | 10/49 | €57,456 | €73,947 | +€16,490 | +28.7% |
| Equity | 10/15 | €39,725 | €61,654 | +€21,929 | +55.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €19,265 | €41,194 | +€21,929 | +114% |
| Amounts payable | 17/49 | €17,731 | €12,292 | -€5,439 | -30.7% |
| Amounts payable after more than one year | 17 | €2,491 | - | -€2,491 | |
| Financial debts | 170/4 | €2,491 | - | -€2,491 | |
| Amounts payable within one year | 42/48 | €15,240 | €12,292 | -€2,948 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €5,923 | €2,491 | -€3,432 | -57.9% |
| Trade debts | 44 | €57 | €305 | +€248 | +438% |
| Suppliers | 440/4 | €57 | €305 | +€248 | +438% |
| Taxes, remuneration and social security | 45 | €2,175 | €3,845 | +€1,670 | +76.8% |
| Taxes | 450/3 | €2,175 | €3,845 | +€1,670 | +76.8% |
| Other amounts payable | 47/48 | €7,085 | €5,651 | -€1,435 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,772 | €7,742 | +€970 | +14.3% |
| Other operating charges | 640/8 | €213 | €228 | +€15 | +7.0% |
| Gross operating margin | 9900 | €8,286 | €30,841 | +€22,555 | +272% |
| Operating profit (loss) | 9901 | €1,302 | €22,871 | +€21,570 | +1,657% |
| Financial income | 75/76B | €372 | €3 | -€369 | -99.3% |
| Recurring financial income | 75 | €372 | €3 | -€369 | -99.3% |
| Financial charges | 65/66B | €593 | €345 | -€248 | -41.8% |
| Recurring financial charges | 65 | €593 | €345 | -€248 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €1,080 | €22,529 | +€21,449 | +1,985% |
| Income taxes | 67/77 | - | €600 | +€600 | |
| Profit (loss) for the period | 9904 | €1,080 | €21,929 | +€20,849 | +1,930% |
| Profit (loss) for the period to be appropriated | 9905 | €1,080 | €21,929 | +€20,849 | +1,930% |
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 1 November 2026 via checked.be.