TECHS+TOOLS: what changed
Two fiscal 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.
TECHS+TOOLS
Largest movements
- Receivables within one year -€92,594
down €92,594 (-20.0%), from €462,899 to €370,305
of which Trade receivables: -€72,896
- Tangible fixed assets -€10,816
down €10,816 (-23.6%), from €45,818 to €35,003
of which Furniture and vehicles: -€9,056
- Cash -€9,650
down €9,650 (-11.2%), from €85,957 to €76,307
mainly Net result for the year (-€108,432) and Trade debts (-€85,031)
- Profit (loss) carried forward -€108,432
new in 2025: -€108,432
- Trade debts -€85,031
down €85,031 (-66.0%), from €128,878 to €43,847
- Debts after one year +€73,694
up €73,694 (+112.1%), from €65,712 to €139,406
- Tax, wage and social debts +€59,782
up €59,782 (+59.4%), from €100,565 to €160,347
of which Remuneration and social security: +€49,492
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Staff costs +€253,336
up €253,336 (+27.4%), from €924,649 to €1.2m
- Gross operating margin +€126,015
up €126,015 (+12.7%), from €989,202 to €1.1m
- Taxes -€11,441
down €11,441 (-82.3%), from €13,906 to €2,464
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 | €773,773 | €653,979 | -€119,794 | -15.5% |
| Fixed assets | 21/28 | €165,658 | €155,471 | -€10,188 | -6.1% |
| Tangible fixed assets | 22/27 | €45,818 | €35,003 | -€10,816 | -23.6% |
| Plant, machinery and equipment | 23 | €18,069 | €14,715 | -€3,354 | -18.6% |
| Furniture and vehicles | 24 | €27,749 | €18,693 | -€9,056 | -32.6% |
| Other tangible fixed assets | 26 | - | €1,595 | +€1,595 | |
| Financial fixed assets | 28 | €119,840 | €120,468 | +€628 | +0.5% |
| Current assets | 29/58 | €608,115 | €498,508 | -€109,606 | -18.0% |
| Amounts receivable after more than one year | 29 | €15,150 | €7,473 | -€7,677 | -50.7% |
| Other amounts receivable | 291 | €15,150 | €7,473 | -€7,677 | -50.7% |
| Amounts receivable within one year | 40/41 | €462,899 | €370,305 | -€92,594 | -20.0% |
| Trade receivables | 40 | €421,183 | €348,288 | -€72,896 | -17.3% |
| Other amounts receivable | 41 | €41,716 | €22,018 | -€19,698 | -47.2% |
| Cash at bank and in hand | 54/58 | €85,957 | €76,307 | -€9,650 | -11.2% |
| Deferred charges and accrued income | 490/1 | €44,108 | €44,423 | +€315 | +0.7% |
| Total equity and liabilities | 10/49 | €773,773 | €653,979 | -€119,794 | -15.5% |
| Equity | 10/15 | €315,714 | €177,282 | -€138,432 | -43.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €308,714 | €278,714 | -€30,000 | -9.7% |
| Distributable reserves | 133 | €308,714 | €278,714 | -€30,000 | -9.7% |
| Profit (loss) carried forward | 14 | - | -€108,432 | -€108,432 | |
| Amounts payable | 17/49 | €458,059 | €476,697 | +€18,638 | +4.1% |
| Amounts payable after more than one year | 17 | €65,712 | €139,406 | +€73,694 | +112.1% |
| Financial debts | 170/4 | €65,712 | €139,406 | +€73,694 | +112.1% |
| Amounts payable within one year | 42/48 | €389,889 | €335,826 | -€54,063 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €110,446 | €130,082 | +€19,637 | +17.8% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €128,878 | €43,847 | -€85,031 | -66.0% |
| Suppliers | 440/4 | €128,878 | €43,847 | -€85,031 | -66.0% |
| Taxes, remuneration and social security | 45 | €100,565 | €160,347 | +€59,782 | +59.4% |
| Taxes | 450/3 | €30,596 | €40,886 | +€10,290 | +33.6% |
| Remuneration and social security | 454/9 | €69,969 | €119,461 | +€49,492 | +70.7% |
| Other amounts payable | 47/48 | - | €1,550 | +€1,550 | |
| Accrued charges and deferred income | 492/3 | €2,457 | €1,464 | -€993 | -40.4% |
| Non-recurring operating income | 76A | €13,707 | €6,694 | -€7,013 | -51.2% |
| Remuneration, social security and pensions | 62 | €924,649 | €1,177,986 | +€253,336 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,257 | €17,106 | -€3,151 | -15.6% |
| Other operating charges | 640/8 | €6,216 | €6,295 | +€79 | +1.3% |
| Non-recurring operating charges | 66A | €3,782 | - | -€3,782 | |
| Gross operating margin | 9900 | €989,202 | €1,115,218 | +€126,015 | +12.7% |
| Operating profit (loss) | 9901 | €34,298 | -€86,169 | -€120,467 | |
| Financial income | 75/76B | €519 | €1,037 | +€518 | +99.9% |
| Recurring financial income | 75 | €519 | €1,037 | +€518 | +99.9% |
| Financial charges | 65/66B | €19,370 | €20,836 | +€1,466 | +7.6% |
| Recurring financial charges | 65 | €19,370 | €20,836 | +€1,466 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €15,447 | -€105,968 | -€121,414 | |
| Income taxes | 67/77 | €13,906 | €2,464 | -€11,441 | -82.3% |
| Profit (loss) for the period | 9904 | €1,541 | -€108,432 | -€109,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,541 | -€108,432 | -€109,973 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.