TECHOLD: 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.
TECHOLD
Largest movements
- Receivables within one year +€26,728
up €26,728 (+360%), from €7,432 to €34,160
of which Trade receivables: +€27,050
- Cash +€4,218
up €4,218 (+35.0%), from €12,066 to €16,284
mainly Other debts (+€24,176) and Trade debts (+€5,377)
- Financial fixed assets +€1,250
up €1,250 (+50.0%), from €2,500 to €3,750
- Tangible fixed assets -€906
down €906 (-33.7%), from €2,687 to €1,781
- Other debts +€24,176
up €24,176 (+482%), from €5,013 to €29,189
- Trade debts +€5,377
up €5,377 (+149%), from €3,601 to €8,978
- Tax, wage and social debts +€1,335
up €1,335 (+12.2%), from €10,904 to €12,239
of which Taxes: +€766
- Staff costs +€46,761
up €46,761 (+147%), from €31,723 to €78,484
- Gross operating margin +€45,609
up €45,609 (+128%), from €35,693 to €81,303
- Depreciation +€875
up €875 (+2,839%), from €31 to €906
- Financial charges +€829
up €829 (+1,398%), from €59 to €889
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 | €24,795 | €55,975 | +€31,180 | +126% |
| Fixed assets | 21/28 | €5,187 | €5,531 | +€344 | +6.6% |
| Tangible fixed assets | 22/27 | €2,687 | €1,781 | -€906 | -33.7% |
| Plant, machinery and equipment | 23 | €2,687 | €1,781 | -€906 | -33.7% |
| Financial fixed assets | 28 | €2,500 | €3,750 | +€1,250 | +50.0% |
| Current assets | 29/58 | €19,608 | €50,444 | +€30,835 | +157% |
| Amounts receivable within one year | 40/41 | €7,432 | €34,160 | +€26,728 | +360% |
| Trade receivables | 40 | €6,400 | €33,450 | +€27,050 | +423% |
| Other amounts receivable | 41 | €1,032 | €710 | -€322 | -31.2% |
| Cash at bank and in hand | 54/58 | €12,066 | €16,284 | +€4,218 | +35.0% |
| Deferred charges and accrued income | 490/1 | €110 | €0 | -€110 | -100% |
| Total equity and liabilities | 10/49 | €24,795 | €55,975 | +€31,180 | +126% |
| Equity | 10/15 | €5,277 | €5,464 | +€187 | +3.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,277 | €2,464 | +€187 | +8.2% |
| Distributable reserves | 133 | €2,277 | €2,464 | +€187 | +8.2% |
| Amounts payable | 17/49 | €19,519 | €50,511 | +€30,992 | +159% |
| Amounts payable within one year | 42/48 | €19,519 | €50,407 | +€30,888 | +158% |
| Trade debts | 44 | €3,601 | €8,978 | +€5,377 | +149% |
| Suppliers | 440/4 | €3,601 | €8,978 | +€5,377 | +149% |
| Taxes, remuneration and social security | 45 | €10,904 | €12,239 | +€1,335 | +12.2% |
| Taxes | 450/3 | €1,275 | €2,042 | +€766 | +60.1% |
| Remuneration and social security | 454/9 | €9,629 | €10,198 | +€569 | +5.9% |
| Other amounts payable | 47/48 | €5,013 | €29,189 | +€24,176 | +482% |
| Accrued charges and deferred income | 492/3 | - | €104 | +€104 | |
| Remuneration, social security and pensions | 62 | €31,723 | €78,484 | +€46,761 | +147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31 | €906 | +€875 | +2,839% |
| Other operating charges | 640/8 | €439 | €120 | -€319 | -72.7% |
| Gross operating margin | 9900 | €35,693 | €81,303 | +€45,609 | +128% |
| Operating profit (loss) | 9901 | €3,500 | €1,793 | -€1,708 | -48.8% |
| Financial income | 75/76B | €111 | €0 | -€111 | -100% |
| Recurring financial income | 75 | €111 | €0 | -€111 | -100% |
| Financial charges | 65/66B | €59 | €889 | +€829 | +1,398% |
| Recurring financial charges | 65 | €59 | €889 | +€829 | +1,398% |
| Profit (loss) for the period before taxes | 9903 | €3,552 | €904 | -€2,648 | -74.6% |
| Income taxes | 67/77 | €1,275 | €716 | -€559 | -43.8% |
| Profit (loss) for the period | 9904 | €2,277 | €187 | -€2,089 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,277 | €187 | -€2,089 | -91.8% |
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 17 October 2026 via checked.be.