TECHNOVOLTS: 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.
TECHNOVOLTS
Largest movements
- Receivables within one year -€11,187
down €11,187 (-36.2%), from €30,924 to €19,737
of which Trade receivables: -€11,331
- Tangible fixed assets -€10,740
down €10,740 (-30.7%), from €34,953 to €24,213
of which Leasing and similar rights: -€7,214
- Cash +€4,527
up €4,527 (+57.9%), from €7,819 to €12,346
mainly Receivables within one year (+€11,187) and Depreciation (+€10,740)
- Trade debts -€13,238
down €13,238 (-75.4%), from €17,566 to €4,328
- Debts after one year -€5,620
down €5,620 (-32.3%), from €17,418 to €11,798
- Profit (loss) carried forward +€4,814
up €4,814 (+25.9%), from €18,609 to €23,424
- Tax, wage and social debts -€2,606
down €2,606 (-46.1%), from €5,657 to €3,051
of which Taxes: -€2,006
- Other debts -€945
down €945 (-10.3%), from €9,215 to €8,270
- Gross operating margin +€23,037
up €23,037, from -€2,001 to €21,036
- Taxes -€1,504
no longer reported in 2025 (was €1,504)
- Financial charges +€962
up €962 (+34.2%), from €2,810 to €3,771
- Depreciation -€527
down €527 (-4.7%), from €11,267 to €10,740
- Other operating charges +€284
up €284 (+18.9%), from €1,498 to €1,782
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 | €73,746 | €56,491 | -€17,255 | -23.4% |
| Fixed assets | 21/28 | €35,003 | €24,263 | -€10,740 | -30.7% |
| Tangible fixed assets | 22/27 | €34,953 | €24,213 | -€10,740 | -30.7% |
| Furniture and vehicles | 24 | €6,353 | €2,827 | -€3,526 | -55.5% |
| Leasing and similar rights | 25 | €28,600 | €21,386 | -€7,214 | -25.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €38,743 | €32,228 | -€6,515 | -16.8% |
| Amounts receivable within one year | 40/41 | €30,924 | €19,737 | -€11,187 | -36.2% |
| Trade receivables | 40 | €27,330 | €15,998 | -€11,331 | -41.5% |
| Other amounts receivable | 41 | €3,594 | €3,739 | +€145 | +4.0% |
| Cash at bank and in hand | 54/58 | €7,819 | €12,346 | +€4,527 | +57.9% |
| Deferred charges and accrued income | 490/1 | - | €144 | +€144 | |
| Total equity and liabilities | 10/49 | €73,746 | €56,491 | -€17,255 | -23.4% |
| Equity | 10/15 | €18,609 | €23,424 | +€4,814 | +25.9% |
| Profit (loss) carried forward | 14 | €18,609 | €23,424 | +€4,814 | +25.9% |
| Amounts payable | 17/49 | €55,137 | €33,067 | -€22,069 | -40.0% |
| Amounts payable after more than one year | 17 | €17,418 | €11,798 | -€5,620 | -32.3% |
| Financial debts | 170/4 | €17,418 | €11,798 | -€5,620 | -32.3% |
| Amounts payable within one year | 42/48 | €37,719 | €21,269 | -€16,450 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €5,281 | €5,620 | +€339 | +6.4% |
| Trade debts | 44 | €17,566 | €4,328 | -€13,238 | -75.4% |
| Suppliers | 440/4 | €17,566 | €4,328 | -€13,238 | -75.4% |
| Taxes, remuneration and social security | 45 | €5,657 | €3,051 | -€2,606 | -46.1% |
| Taxes | 450/3 | €3,657 | €1,651 | -€2,006 | -54.8% |
| Remuneration and social security | 454/9 | €2,000 | €1,400 | -€600 | -30.0% |
| Other amounts payable | 47/48 | €9,215 | €8,270 | -€945 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,267 | €10,740 | -€527 | -4.7% |
| Other operating charges | 640/8 | €1,498 | €1,782 | +€284 | +18.9% |
| Gross operating margin | 9900 | -€2,001 | €21,036 | +€23,037 | |
| Operating profit (loss) | 9901 | -€14,766 | €8,514 | +€23,280 | |
| Financial income | 75/76B | €20 | €72 | +€52 | +257.8% |
| Recurring financial income | 75 | €20 | €72 | +€52 | +257.8% |
| Financial charges | 65/66B | €2,810 | €3,771 | +€962 | +34.2% |
| Recurring financial charges | 65 | €2,810 | €3,771 | +€962 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,555 | €4,814 | +€22,370 | |
| Income taxes | 67/77 | €1,504 | - | -€1,504 | |
| Profit (loss) for the period | 9904 | -€19,059 | €4,814 | +€23,874 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,059 | €4,814 | +€23,874 |
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 9 October 2026 via checked.be.