TECHTRADE: 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.
TECHTRADE
Largest movements
- Receivables within one year +€117,087
up €117,087 (+51.2%), from €228,488 to €345,575
of which Other amounts receivable: +€96,517
- Receivables after one year +€76,389
up €76,389 (+28.0%), from €272,406 to €348,795
- Reserves +€138,426
up €138,426 (+17.7%), from €783,796 to €922,223
- Other debts +€64,722
new in 2025: €64,722
- Debts after one year -€46,397
down €46,397 (-18.3%), from €253,482 to €207,086
- Current portion of long-term debt +€17,162
up €17,162 (+18.6%), from €92,422 to €109,584
- Tax, wage and social debts +€16,193
up €16,193 (+78.4%), from €20,655 to €36,848
- Financial income -€127,180
down €127,180 (-50.3%), from €252,659 to €125,479
- Taxes -€6,603
down €6,603 (-10.0%), from €65,776 to €59,173
- Gross operating margin +€2,552
up €2,552 (+1.5%), from €169,935 to €172,487
- Depreciation -€1,957
down €1,957 (-7.2%), from €27,108 to €25,151
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 | €1,172,192 | €1,360,677 | +€188,485 | +16.1% |
| Fixed assets | 21/28 | €618,735 | €617,491 | -€1,244 | -0.2% |
| Tangible fixed assets | 22/27 | €318,735 | €317,491 | -€1,244 | -0.4% |
| Land and buildings | 22 | €299,371 | €286,168 | -€13,203 | -4.4% |
| Furniture and vehicles | 24 | €15,864 | €9,880 | -€5,985 | -37.7% |
| Other tangible fixed assets | 26 | €3,499 | €21,443 | +€17,944 | +512.8% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €553,457 | €743,186 | +€189,729 | +34.3% |
| Amounts receivable after more than one year | 29 | €272,406 | €348,795 | +€76,389 | +28.0% |
| Other amounts receivable | 291 | €272,406 | €348,795 | +€76,389 | +28.0% |
| Amounts receivable within one year | 40/41 | €228,488 | €345,575 | +€117,087 | +51.2% |
| Trade receivables | 40 | €15,125 | €35,695 | +€20,570 | +136.0% |
| Other amounts receivable | 41 | €213,363 | €309,880 | +€96,517 | +45.2% |
| Cash at bank and in hand | 54/58 | €51,354 | €47,426 | -€3,928 | -7.6% |
| Deferred charges and accrued income | 490/1 | €1,209 | €1,390 | +€181 | +14.9% |
| Total equity and liabilities | 10/49 | €1,172,192 | €1,360,677 | +€188,485 | +16.1% |
| Equity | 10/15 | €802,396 | €940,823 | +€138,426 | +17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €783,796 | €922,223 | +€138,426 | +17.7% |
| Distributable reserves | 133 | €783,796 | €922,223 | +€138,426 | +17.7% |
| Amounts payable | 17/49 | €369,796 | €419,854 | +€50,058 | +13.5% |
| Amounts payable after more than one year | 17 | €253,482 | €207,086 | -€46,397 | -18.3% |
| Financial debts | 170/4 | €253,482 | €207,086 | -€46,397 | -18.3% |
| Amounts payable within one year | 42/48 | €116,313 | €212,768 | +€96,455 | +82.9% |
| Current portion of amounts payable after more than one year | 42 | €92,422 | €109,584 | +€17,162 | +18.6% |
| Trade debts | 44 | €3,237 | €1,614 | -€1,623 | -50.1% |
| Suppliers | 440/4 | €3,237 | €1,614 | -€1,623 | -50.1% |
| Taxes, remuneration and social security | 45 | €20,655 | €36,848 | +€16,193 | +78.4% |
| Taxes | 450/3 | €20,655 | €36,848 | +€16,193 | +78.4% |
| Other amounts payable | 47/48 | - | €64,722 | +€64,722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,108 | €25,151 | -€1,957 | -7.2% |
| Other operating charges | 640/8 | €2,101 | €1,629 | -€471 | -22.4% |
| Non-recurring operating charges | 66A | €3,384 | - | -€3,384 | |
| Gross operating margin | 9900 | €169,935 | €172,487 | +€2,552 | +1.5% |
| Operating profit (loss) | 9901 | €137,342 | €145,706 | +€8,364 | +6.1% |
| Financial income | 75/76B | €252,659 | €125,479 | -€127,180 | -50.3% |
| Recurring financial income | 75 | €252,659 | €125,479 | -€127,180 | -50.3% |
| Financial charges | 65/66B | €7,508 | €8,864 | +€1,356 | +18.1% |
| Recurring financial charges | 65 | €7,508 | €8,864 | +€1,356 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €382,493 | €262,322 | -€120,172 | -31.4% |
| Income taxes | 67/77 | €65,776 | €59,173 | -€6,603 | -10.0% |
| Profit (loss) for the period | 9904 | €316,717 | €203,149 | -€113,568 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €316,717 | €203,149 | -€113,568 | -35.9% |
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 7 October 2026 via checked.be.