TECHWALL: 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.
TECHWALL
Largest movements
- Cash -€39,870
down €39,870 (-41.8%), from €95,322 to €55,452
mainly Contributions, distributions and other (-€72,941) and Other debts (-€22,762)
- Receivables within one year -€16,275
down €16,275 (-33.1%), from €49,238 to €32,963
of which Trade receivables: -€18,091
- Tangible fixed assets -€11,206
down €11,206 (-17.2%), from €65,223 to €54,017
of which Furniture and vehicles: -€10,190
- Reserves -€29,127
down €29,127 (-28.6%), from €101,960 to €72,834
- Other debts -€22,762
no longer reported in 2025 (was €22,762)
- Debts after one year -€17,290
down €17,290 (-53.7%), from €32,217 to €14,926
- Tax, wage and social debts +€13,957
up €13,957 (+276.1%), from €5,055 to €19,012
of which Taxes: +€14,719
- Trade debts -€8,890
down €8,890 (-43.8%), from €20,302 to €11,412
- Gross operating margin +€65,867
up €65,867 (+73.1%), from €90,154 to €156,021
- Staff costs +€29,972
up €29,972 (+70.8%), from €42,343 to €72,315
- Purchases and services -€23,536
down €23,536 (-10.1%), from €232,913 to €209,377
- Taxes +€13,578
up €13,578 (+323.3%), from €4,200 to €17,778
- Other operating charges -€6,271
down €6,271 (-87.9%), from €7,132 to €861
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 | €209,826 | €142,475 | -€67,351 | -32.1% |
| Fixed assets | 21/28 | €65,266 | €54,060 | -€11,206 | -17.2% |
| Tangible fixed assets | 22/27 | €65,223 | €54,017 | -€11,206 | -17.2% |
| Plant, machinery and equipment | 23 | €1,293 | €276 | -€1,016 | -78.6% |
| Furniture and vehicles | 24 | €63,931 | €53,740 | -€10,190 | -15.9% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €144,560 | €88,415 | -€56,145 | -38.8% |
| Amounts receivable within one year | 40/41 | €49,238 | €32,963 | -€16,275 | -33.1% |
| Trade receivables | 40 | €44,889 | €26,798 | -€18,091 | -40.3% |
| Other amounts receivable | 41 | €4,350 | €6,165 | +€1,815 | +41.7% |
| Cash at bank and in hand | 54/58 | €95,322 | €55,452 | -€39,870 | -41.8% |
| Total equity and liabilities | 10/49 | €209,826 | €142,475 | -€67,351 | -32.1% |
| Equity | 10/15 | €108,960 | €79,834 | -€29,127 | -26.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €101,960 | €72,834 | -€29,127 | -28.6% |
| Distributable reserves | 133 | €101,960 | €72,834 | -€29,127 | -28.6% |
| Amounts payable | 17/49 | €100,866 | €62,641 | -€38,225 | -37.9% |
| Amounts payable after more than one year | 17 | €32,217 | €14,926 | -€17,290 | -53.7% |
| Financial debts | 170/4 | €32,217 | €14,926 | -€17,290 | -53.7% |
| Amounts payable within one year | 42/48 | €68,649 | €47,715 | -€20,934 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €20,530 | €17,290 | -€3,240 | -15.8% |
| Trade debts | 44 | €20,302 | €11,412 | -€8,890 | -43.8% |
| Suppliers | 440/4 | €20,302 | €11,412 | -€8,890 | -43.8% |
| Taxes, remuneration and social security | 45 | €5,055 | €19,012 | +€13,957 | +276.1% |
| Taxes | 450/3 | €4,200 | €18,919 | +€14,719 | +350.5% |
| Remuneration and social security | 454/9 | €856 | €94 | -€762 | -89.1% |
| Other amounts payable | 47/48 | €22,762 | - | -€22,762 | |
| Non-recurring operating income | 76A | €155 | €889 | +€734 | +474.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €232,913 | €209,377 | -€23,536 | -10.1% |
| Remuneration, social security and pensions | 62 | €42,343 | €72,315 | +€29,972 | +70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,253 | €17,948 | -€4,305 | -19.3% |
| Other operating charges | 640/8 | €7,132 | €861 | -€6,271 | -87.9% |
| Non-recurring operating charges | 66A | €352 | €85 | -€267 | -75.9% |
| Gross operating margin | 9900 | €90,154 | €156,021 | +€65,867 | +73.1% |
| Operating profit (loss) | 9901 | €18,074 | €64,812 | +€46,738 | +258.6% |
| Financial income | 75/76B | €10 | €69 | +€59 | +592.5% |
| Recurring financial income | 75 | €10 | €69 | +€59 | +592.5% |
| Financial charges | 65/66B | €3,337 | €3,288 | -€49 | -1.5% |
| Recurring financial charges | 65 | €3,131 | €2,255 | -€876 | -28.0% |
| Non-recurring financial charges | 66B | €206 | €1,034 | +€827 | +401.0% |
| Profit (loss) for the period before taxes | 9903 | €14,747 | €61,592 | +€46,846 | +317.7% |
| Income taxes | 67/77 | €4,200 | €17,778 | +€13,578 | +323.3% |
| Profit (loss) for the period | 9904 | €10,547 | €43,815 | +€33,268 | +315.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,547 | €43,815 | +€33,268 | +315.4% |
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.