TECHSOURCE: 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.
TECHSOURCE
Largest movements
- Cash +€44,328
up €44,328 (+24.0%), from €184,521 to €228,849
mainly Depreciation (+€34,413) and Net result for the year (+€26,237)
- Tangible fixed assets -€29,726
down €29,726 (-39.0%), from €76,217 to €46,491
of which Furniture and vehicles: -€29,254
- Reserves +€26,000
up €26,000 (+16.2%), from €160,775 to €186,775
- Tax, wage and social debts -€11,215
down €11,215 (-50.5%), from €22,190 to €10,976
- Gross operating margin -€17,630
down €17,630 (-18.1%), from €97,337 to €79,708
- Taxes -€1,209
down €1,209 (-8.1%), from €14,967 to €13,758
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 | €261,176 | €276,627 | +€15,451 | +5.9% |
| Fixed assets | 21/28 | €76,222 | €46,496 | -€29,726 | -39.0% |
| Tangible fixed assets | 22/27 | €76,217 | €46,491 | -€29,726 | -39.0% |
| Furniture and vehicles | 24 | €66,874 | €37,620 | -€29,254 | -43.7% |
| Other tangible fixed assets | 26 | €9,343 | €8,871 | -€472 | -5.1% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €184,954 | €230,131 | +€45,177 | +24.4% |
| Amounts receivable within one year | 40/41 | €128 | €1,115 | +€987 | +773.4% |
| Trade receivables | 40 | €126 | €1,115 | +€989 | +782.1% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €184,521 | €228,849 | +€44,328 | +24.0% |
| Deferred charges and accrued income | 490/1 | €305 | €167 | -€138 | -45.2% |
| Total equity and liabilities | 10/49 | €261,176 | €276,627 | +€15,451 | +5.9% |
| Equity | 10/15 | €164,574 | €190,811 | +€26,237 | +15.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €160,775 | €186,775 | +€26,000 | +16.2% |
| Distributable reserves | 133 | €160,775 | €186,775 | +€26,000 | +16.2% |
| Profit (loss) carried forward | 14 | €1,299 | €1,536 | +€237 | +18.2% |
| Amounts payable | 17/49 | €96,601 | €85,816 | -€10,786 | -11.2% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 170/4 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,601 | €25,816 | -€10,786 | -29.5% |
| Trade debts | 44 | €2,518 | €503 | -€2,015 | -80.0% |
| Suppliers | 440/4 | €2,518 | €503 | -€2,015 | -80.0% |
| Taxes, remuneration and social security | 45 | €22,190 | €10,976 | -€11,215 | -50.5% |
| Taxes | 450/3 | €22,190 | €10,976 | -€11,215 | -50.5% |
| Other amounts payable | 47/48 | €11,893 | €14,338 | +€2,444 | +20.6% |
| Non-recurring operating income | 76A | €20,000 | - | -€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,329 | €34,413 | +€83 | +0.2% |
| Other operating charges | 640/8 | €1,078 | €887 | -€191 | -17.7% |
| Gross operating margin | 9900 | €97,337 | €79,708 | -€17,630 | -18.1% |
| Operating profit (loss) | 9901 | €61,930 | €44,409 | -€17,522 | -28.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,965 | €4,413 | -€552 | -11.1% |
| Recurring financial charges | 65 | €4,965 | €4,413 | -€552 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €56,965 | €39,995 | -€16,970 | -29.8% |
| Income taxes | 67/77 | €14,967 | €13,758 | -€1,209 | -8.1% |
| Profit (loss) for the period | 9904 | €41,998 | €26,237 | -€15,761 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,998 | €26,237 | -€15,761 | -37.5% |
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 29 September 2026 via checked.be.