TechTurn: 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.
TechTurn
Largest movements
- Cash +€17,992
up €17,992 (+46.7%), from €38,536 to €56,527
mainly Trade debts (+€11,706) and Net result for the year (+€5,275)
- Receivables within one year +€2,800
up €2,800 (+16.9%), from €16,610 to €19,409
of which Other amounts receivable: +€2,665
- Tangible fixed assets +€1,495
up €1,495 (+109%), from €1,366 to €2,861
of which Furniture and vehicles: +€1,792
- Trade debts +€11,706
up €11,706 (+98.6%), from €11,870 to €23,576
- Profit (loss) carried forward +€3,942
up €3,942 (+17.7%), from €22,320 to €26,262
- Other debts +€3,904
up €3,904 (+103%), from €3,788 to €7,693
- Tax, wage and social debts +€1,426
up €1,426 (+8.3%), from €17,155 to €18,582
of which Taxes: +€3,473
- Accrued charges and deferred income +€1,376
new in 2023: €1,376
- Gross operating margin -€27,752
down €27,752 (-74.7%), from €37,155 to €9,403
- Other operating charges -€5,743
down €5,743 (-89.5%), from €6,418 to €675
- Taxes -€3,982
down €3,982 (-61.1%), from €6,519 to €2,537
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.
Derived cash bridge
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 | €57,134 | €79,489 | +€22,355 | +39.1% |
| Fixed assets | 21/28 | €1,366 | €2,861 | +€1,495 | +109% |
| Tangible fixed assets | 22/27 | €1,366 | €2,861 | +€1,495 | +109% |
| Plant, machinery and equipment | 23 | €1,366 | €1,069 | -€297 | -21.7% |
| Furniture and vehicles | 24 | - | €1,792 | +€1,792 | |
| Current assets | 29/58 | €55,768 | €76,628 | +€20,860 | +37.4% |
| Amounts receivable within one year | 40/41 | €16,610 | €19,409 | +€2,800 | +16.9% |
| Trade receivables | 40 | €16,610 | €16,744 | +€134 | +0.8% |
| Other amounts receivable | 41 | - | €2,665 | +€2,665 | |
| Cash at bank and in hand | 54/58 | €38,536 | €56,527 | +€17,992 | +46.7% |
| Deferred charges and accrued income | 490/1 | €623 | €691 | +€69 | +11.0% |
| Total equity and liabilities | 10/49 | €57,134 | €79,489 | +€22,355 | +39.1% |
| Equity | 10/15 | €24,320 | €28,262 | +€3,942 | +16.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,320 | €26,262 | +€3,942 | +17.7% |
| Amounts payable | 17/49 | €32,814 | €51,227 | +€18,413 | +56.1% |
| Amounts payable within one year | 42/48 | €32,814 | €49,850 | +€17,037 | +51.9% |
| Trade debts | 44 | €11,870 | €23,576 | +€11,706 | +98.6% |
| Suppliers | 440/4 | €11,870 | €23,576 | +€11,706 | +98.6% |
| Taxes, remuneration and social security | 45 | €17,155 | €18,582 | +€1,426 | +8.3% |
| Taxes | 450/3 | €13,355 | €16,828 | +€3,473 | +26.0% |
| Remuneration and social security | 454/9 | €3,800 | €1,754 | -€2,046 | -53.8% |
| Other amounts payable | 47/48 | €3,788 | €7,693 | +€3,904 | +103% |
| Accrued charges and deferred income | 492/3 | - | €1,376 | +€1,376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117 | €330 | +€213 | +182% |
| Other operating charges | 640/8 | €6,418 | €675 | -€5,743 | -89.5% |
| Gross operating margin | 9900 | €37,155 | €9,403 | -€27,752 | -74.7% |
| Operating profit (loss) | 9901 | €30,620 | €8,398 | -€22,222 | -72.6% |
| Financial income | 75/76B | €1 | €80 | +€79 | +9,689% |
| Recurring financial income | 75 | €1 | €80 | +€79 | +9,689% |
| Financial charges | 65/66B | €449 | €666 | +€218 | +48.5% |
| Recurring financial charges | 65 | €449 | €666 | +€218 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €30,172 | €7,812 | -€22,360 | -74.1% |
| Income taxes | 67/77 | €6,519 | €2,537 | -€3,982 | -61.1% |
| Profit (loss) for the period | 9904 | €23,654 | €5,275 | -€18,378 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,654 | €5,275 | -€18,378 | -77.7% |
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 14 October 2026 via checked.be.