TECHRISE: 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.
TECHRISE
Largest movements
- Receivables within one year +€309,159
up €309,159 (+368%), from €83,984 to €393,143
of which Other amounts receivable: +€236,726
- Cash -€91,660
down €91,660 (-43.8%), from €209,135 to €117,474
mainly Receivables within one year (-€309,159) and Contributions, distributions and other (-€124,323)
- Reserves +€168,615
up €168,615 (+78.0%), from €216,055 to €384,671
- Tax, wage and social debts +€35,824
new in 2025: €35,824
- Other debts +€11,223
up €11,223 (+17.6%), from €63,843 to €75,065
- Financial income +€200,897
up €200,897 (+463%), from €43,357 to €244,253
- Gross operating margin -€31,012
down €31,012 (-28.9%), from €107,440 to €76,428
- Taxes +€16,873
up €16,873 (+260%), from €6,480 to €23,353
- Depreciation -€3,504
down €3,504 (-54.5%), from €6,427 to €2,923
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 | €299,060 | €513,231 | +€214,171 | +71.6% |
| Fixed assets | 21/28 | €5,145 | €1,722 | -€3,423 | -66.5% |
| Tangible fixed assets | 22/27 | €3,145 | €222 | -€2,923 | -92.9% |
| Furniture and vehicles | 24 | €3,145 | €222 | -€2,923 | -92.9% |
| Financial fixed assets | 28 | €2,000 | €1,500 | -€500 | -25.0% |
| Current assets | 29/58 | €293,916 | €511,509 | +€217,593 | +74.0% |
| Amounts receivable within one year | 40/41 | €83,984 | €393,143 | +€309,159 | +368% |
| Trade receivables | 40 | €70,364 | €142,797 | +€72,433 | +103% |
| Other amounts receivable | 41 | €13,620 | €250,346 | +€236,726 | +1,738% |
| Cash at bank and in hand | 54/58 | €209,135 | €117,474 | -€91,660 | -43.8% |
| Deferred charges and accrued income | 490/1 | €796 | €891 | +€95 | +11.9% |
| Total equity and liabilities | 10/49 | €299,060 | €513,231 | +€214,171 | +71.6% |
| Equity | 10/15 | €216,055 | €384,671 | +€168,615 | +78.0% |
| Reserves | 13 | €216,055 | €384,671 | +€168,615 | +78.0% |
| Distributable reserves | 133 | €216,055 | €384,671 | +€168,615 | +78.0% |
| Amounts payable | 17/49 | €83,005 | €128,560 | +€45,555 | +54.9% |
| Amounts payable within one year | 42/48 | €83,005 | €128,560 | +€45,555 | +54.9% |
| Trade debts | 44 | €19,162 | €17,670 | -€1,492 | -7.8% |
| Suppliers | 440/4 | €19,162 | €17,670 | -€1,492 | -7.8% |
| Taxes, remuneration and social security | 45 | - | €35,824 | +€35,824 | |
| Taxes | 450/3 | - | €35,824 | +€35,824 | |
| Other amounts payable | 47/48 | €63,843 | €75,065 | +€11,223 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,427 | €2,923 | -€3,504 | -54.5% |
| Other operating charges | 640/8 | €737 | €759 | +€21 | +2.9% |
| Gross operating margin | 9900 | €107,440 | €76,428 | -€31,012 | -28.9% |
| Operating profit (loss) | 9901 | €100,276 | €72,747 | -€27,528 | -27.5% |
| Financial income | 75/76B | €43,357 | €244,253 | +€200,897 | +463% |
| Recurring financial income | 75 | €43,357 | €244,253 | +€200,897 | +463% |
| Financial charges | 65/66B | €69 | €708 | +€639 | +926% |
| Recurring financial charges | 65 | €69 | €218 | +€149 | +216% |
| Non-recurring financial charges | 66B | - | €490 | +€490 | |
| Profit (loss) for the period before taxes | 9903 | €143,563 | €316,292 | +€172,729 | +120% |
| Income taxes | 67/77 | €6,480 | €23,353 | +€16,873 | +260% |
| Profit (loss) for the period | 9904 | €137,083 | €292,939 | +€155,856 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €137,083 | €292,939 | +€155,856 | +114% |
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 13 October 2026 via checked.be.