TECHVIEW: 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.
TECHVIEW
Largest movements
- Cash +€49,385
up €49,385 (+26.2%), from €188,590 to €237,976
mainly Net result for the year (+€88,469) and Depreciation (+€13,990)
- Tangible fixed assets +€36,209
up €36,209 (+293.1%), from €12,354 to €48,563
- Receivables within one year -€6,893
down €6,893 (-11.8%), from €58,316 to €51,424
of which Trade receivables: -€13,810
- Profit (loss) carried forward +€88,469
up €88,469 (+46.2%), from €191,305 to €279,774
- Tax, wage and social debts -€11,608
down €11,608 (-21.4%), from €54,158 to €42,550
- Gross operating margin -€36,958
down €36,958 (-21.6%), from €170,916 to €133,958
- Taxes -€12,501
down €12,501 (-31.8%), from €39,312 to €26,812
- Depreciation +€10,468
up €10,468 (+297.2%), from €3,522 to €13,990
- Other operating charges +€3,722
up €3,722 (+2036.1%), from €183 to €3,905
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 | €259,261 | €338,618 | +€79,357 | +30.6% |
| Fixed assets | 21/28 | €12,354 | €48,563 | +€36,209 | +293.1% |
| Tangible fixed assets | 22/27 | €12,354 | €48,563 | +€36,209 | +293.1% |
| Furniture and vehicles | 24 | €12,354 | €48,563 | +€36,209 | +293.1% |
| Current assets | 29/58 | €246,907 | €290,055 | +€43,148 | +17.5% |
| Amounts receivable within one year | 40/41 | €58,316 | €51,424 | -€6,893 | -11.8% |
| Trade receivables | 40 | €44,634 | €30,825 | -€13,810 | -30.9% |
| Other amounts receivable | 41 | €13,682 | €20,599 | +€6,917 | +50.6% |
| Cash at bank and in hand | 54/58 | €188,590 | €237,976 | +€49,385 | +26.2% |
| Deferred charges and accrued income | 490/1 | - | €656 | +€656 | |
| Total equity and liabilities | 10/49 | €259,261 | €338,618 | +€79,357 | +30.6% |
| Equity | 10/15 | €194,405 | €282,874 | +€88,469 | +45.5% |
| Contributions | 10/11 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,305 | €279,774 | +€88,469 | +46.2% |
| Amounts payable | 17/49 | €64,856 | €55,744 | -€9,112 | -14.1% |
| Amounts payable within one year | 42/48 | €64,856 | €55,744 | -€9,112 | -14.1% |
| Trade debts | 44 | €10,698 | €13,194 | +€2,496 | +23.3% |
| Suppliers | 440/4 | €10,698 | €13,194 | +€2,496 | +23.3% |
| Taxes, remuneration and social security | 45 | €54,158 | €42,550 | -€11,608 | -21.4% |
| Taxes | 450/3 | €54,158 | €42,550 | -€11,608 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,522 | €13,990 | +€10,468 | +297.2% |
| Other operating charges | 640/8 | €183 | €3,905 | +€3,722 | +2036.1% |
| Gross operating margin | 9900 | €170,916 | €133,958 | -€36,958 | -21.6% |
| Operating profit (loss) | 9901 | €167,211 | €116,064 | -€51,147 | -30.6% |
| Financial income | 75/76B | €33 | €24 | -€9 | -26.3% |
| Recurring financial income | 75 | €33 | €24 | -€9 | -26.3% |
| Financial charges | 65/66B | €373 | €807 | +€434 | +116.2% |
| Recurring financial charges | 65 | €373 | €807 | +€434 | +116.2% |
| Profit (loss) for the period before taxes | 9903 | €166,870 | €115,280 | -€51,590 | -30.9% |
| Income taxes | 67/77 | €39,312 | €26,812 | -€12,501 | -31.8% |
| Profit (loss) for the period | 9904 | €127,558 | €88,469 | -€39,089 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €127,558 | €88,469 | -€39,089 | -30.6% |
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.