TECHSTOR: 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.
TECHSTOR
Largest movements
- Tangible fixed assets -€10,461
down €10,461 (-23.2%), from €45,116 to €34,655
of which Leasing and similar rights: -€8,340
- Cash -€5,090
down €5,090 (-64.7%), from €7,863 to €2,773
mainly Current portion of long-term debt (-€9,601) and Trade debts (-€7,984)
- Stocks and contracts -€3,785
down €3,785 (-55.8%), from €6,785 to €3,000
of which Stocks: -€3,785
- Receivables within one year +€2,605
up €2,605 (+1.7%), from €151,531 to €154,136
of which Trade receivables: +€12,834
- Current portion of long-term debt -€9,601
down €9,601 (-64.2%), from €14,966 to €5,365
- Trade debts -€7,984
down €7,984 (-13.7%), from €58,161 to €50,177
- Tax, wage and social debts -€5,647
down €5,647 (-63.8%), from €8,847 to €3,200
- Debts after one year +€3,612
up €3,612 (+12.4%), from €29,136 to €32,748
- Gross operating margin -€16,563
down €16,563 (-56.3%), from €29,402 to €12,839
- Taxes -€8,828
no longer reported in 2023 (was €8,828)
- Financial charges -€4,858
down €4,858 (-67.5%), from €7,202 to €2,344
- Depreciation -€4,305
down €4,305 (-29.2%), from €14,766 to €10,461
- Other operating charges -€3,054
down €3,054 (-77.6%), from €3,938 to €884
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,704 | €204,067 | -€17,637 | -8.0% |
| Fixed assets | 21/28 | €47,805 | €37,344 | -€10,461 | -21.9% |
| Tangible fixed assets | 22/27 | €45,116 | €34,655 | -€10,461 | -23.2% |
| Furniture and vehicles | 24 | €9,670 | €7,549 | -€2,121 | -21.9% |
| Leasing and similar rights | 25 | €35,446 | €27,106 | -€8,340 | -23.5% |
| Financial fixed assets | 28 | €2,689 | €2,689 | = | 0.0% |
| Current assets | 29/58 | €173,899 | €166,723 | -€7,176 | -4.1% |
| Stocks and contracts in progress | 3 | €6,785 | €3,000 | -€3,785 | -55.8% |
| Stocks | 30/36 | €3,785 | - | -€3,785 | |
| Contracts in progress | 37 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €151,531 | €154,136 | +€2,605 | +1.7% |
| Trade receivables | 40 | €78,592 | €91,426 | +€12,834 | +16.3% |
| Other amounts receivable | 41 | €72,939 | €62,710 | -€10,229 | -14.0% |
| Cash at bank and in hand | 54/58 | €7,863 | €2,773 | -€5,090 | -64.7% |
| Deferred charges and accrued income | 490/1 | €7,720 | €6,814 | -€906 | -11.7% |
| Total equity and liabilities | 10/49 | €221,704 | €204,067 | -€17,637 | -8.0% |
| Equity | 10/15 | €107,594 | €109,577 | +€1,983 | +1.8% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,094 | €18,077 | +€1,983 | +12.3% |
| Amounts payable | 17/49 | €114,110 | €94,490 | -€19,620 | -17.2% |
| Amounts payable after more than one year | 17 | €29,136 | €32,748 | +€3,612 | +12.4% |
| Financial debts | 170/4 | €29,136 | €32,748 | +€3,612 | +12.4% |
| Amounts payable within one year | 42/48 | €84,974 | €61,742 | -€23,232 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €14,966 | €5,365 | -€9,601 | -64.2% |
| Trade debts | 44 | €58,161 | €50,177 | -€7,984 | -13.7% |
| Suppliers | 440/4 | €58,161 | €50,177 | -€7,984 | -13.7% |
| Advances received on contracts in progress | 46 | €3,000 | €3,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,847 | €3,200 | -€5,647 | -63.8% |
| Taxes | 450/3 | €8,847 | €3,200 | -€5,647 | -63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,766 | €10,461 | -€4,305 | -29.2% |
| Other operating charges | 640/8 | €3,938 | €884 | -€3,054 | -77.6% |
| Non-recurring operating charges | 66A | €170 | €2,791 | +€2,621 | +1541.8% |
| Gross operating margin | 9900 | €29,402 | €12,839 | -€16,563 | -56.3% |
| Operating profit (loss) | 9901 | €10,528 | -€1,297 | -€11,825 | |
| Financial income | 75/76B | €4,546 | €5,624 | +€1,078 | +23.7% |
| Recurring financial income | 75 | €4,546 | €5,624 | +€1,078 | +23.7% |
| Financial charges | 65/66B | €7,202 | €2,344 | -€4,858 | -67.5% |
| Recurring financial charges | 65 | €7,202 | €2,344 | -€4,858 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | €7,872 | €1,983 | -€5,889 | -74.8% |
| Income taxes | 67/77 | €8,828 | - | -€8,828 | |
| Profit (loss) for the period | 9904 | -€956 | €1,983 | +€2,939 | |
| Profit (loss) for the period to be appropriated | 9905 | -€956 | €1,983 | +€2,939 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.