TECHNOWATER: 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.
TECHNOWATER
Largest movements
- Tangible fixed assets -€11,640
down €11,640 (-27.8%), from €41,922 to €30,282
of which Furniture and vehicles: -€9,972
- Receivables within one year +€6,735
up €6,735 (+7.0%), from €96,052 to €102,787
of which Other amounts receivable: +€4,871
- Cash +€5,570
new in 2025: €5,570
mainly Trade debts (+€25,839) and Net result for the year (+€15,654)
- Trade debts +€25,839
up €25,839 (+75.6%), from €34,170 to €60,008
- Tax, wage and social debts -€24,129
down €24,129 (-92.1%), from €26,200 to €2,071
of which Taxes: -€19,672
- Profit (loss) carried forward +€15,654
up €15,654 (+43.6%), from -€35,889 to -€20,235
- Reserves -€15,608
down €15,608 (-21.0%), from €74,197 to €58,590
- Other debts +€15,608
up €15,608 (+696%), from €2,241 to €17,849
- Gross operating margin +€52,791
up €52,791, from -€22,953 to €29,838
- Financial income -€1,539
down €1,539 (-32.9%), from €4,677 to €3,137
- Depreciation -€1,354
down €1,354 (-8.6%), from €15,696 to €14,343
- Other operating charges +€826
up €826 (+132%), from €626 to €1,451
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 | €138,736 | €139,551 | +€815 | +0.6% |
| Fixed assets | 21/28 | €41,922 | €30,282 | -€11,640 | -27.8% |
| Tangible fixed assets | 22/27 | €41,922 | €30,282 | -€11,640 | -27.8% |
| Plant, machinery and equipment | 23 | €6,235 | €4,568 | -€1,667 | -26.7% |
| Furniture and vehicles | 24 | €35,686 | €25,714 | -€9,972 | -27.9% |
| Current assets | 29/58 | €96,814 | €109,268 | +€12,455 | +12.9% |
| Amounts receivable within one year | 40/41 | €96,052 | €102,787 | +€6,735 | +7.0% |
| Trade receivables | 40 | €37,349 | €39,213 | +€1,864 | +5.0% |
| Other amounts receivable | 41 | €58,703 | €63,574 | +€4,871 | +8.3% |
| Cash at bank and in hand | 54/58 | - | €5,570 | +€5,570 | |
| Deferred charges and accrued income | 490/1 | €762 | €912 | +€149 | +19.6% |
| Total equity and liabilities | 10/49 | €138,736 | €139,551 | +€815 | +0.6% |
| Equity | 10/15 | €41,308 | €41,354 | +€46 | +0.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €74,197 | €58,590 | -€15,608 | -21.0% |
| Distributable reserves | 133 | €74,197 | €58,590 | -€15,608 | -21.0% |
| Profit (loss) carried forward | 14 | -€35,889 | -€20,235 | +€15,654 | +43.6% |
| Amounts payable | 17/49 | €97,427 | €98,197 | +€769 | +0.8% |
| Amounts payable after more than one year | 17 | €17,439 | €9,965 | -€7,474 | -42.9% |
| Financial debts | 170/4 | €17,439 | €9,965 | -€7,474 | -42.9% |
| Amounts payable within one year | 42/48 | €79,988 | €88,231 | +€8,243 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €6,851 | €6,851 | = | 0.0% |
| Financial debts | 43 | €10,527 | €1,452 | -€9,075 | -86.2% |
| Credit institutions | 430/8 | €10,527 | €1,452 | -€9,075 | -86.2% |
| Trade debts | 44 | €34,170 | €60,008 | +€25,839 | +75.6% |
| Suppliers | 440/4 | €34,170 | €60,008 | +€25,839 | +75.6% |
| Taxes, remuneration and social security | 45 | €26,200 | €2,071 | -€24,129 | -92.1% |
| Taxes | 450/3 | €21,743 | €2,071 | -€19,672 | -90.5% |
| Remuneration and social security | 454/9 | €4,457 | €0 | -€4,457 | -100% |
| Other amounts payable | 47/48 | €2,241 | €17,849 | +€15,608 | +696% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,696 | €14,343 | -€1,354 | -8.6% |
| Other operating charges | 640/8 | €626 | €1,451 | +€826 | +132% |
| Gross operating margin | 9900 | -€22,953 | €29,838 | +€52,791 | |
| Operating profit (loss) | 9901 | -€39,275 | €14,045 | +€53,319 | |
| Financial income | 75/76B | €4,677 | €3,137 | -€1,539 | -32.9% |
| Recurring financial income | 75 | €4,677 | €3,137 | -€1,539 | -32.9% |
| Financial charges | 65/66B | €1,291 | €1,528 | +€237 | +18.4% |
| Recurring financial charges | 65 | €1,291 | €1,528 | +€237 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | -€35,889 | €15,654 | +€51,543 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€35,889 | €15,654 | +€51,543 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,889 | €15,654 | +€51,543 |
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 20 October 2026 via checked.be.