TECHWORKS: 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.
TECHWORKS
Largest movements
- Tangible fixed assets +€59,781
up €59,781 (+53.5%), from €111,653 to €171,434
of which Other tangible fixed assets: +€61,935
- Cash +€40,021
up €40,021 (+169.0%), from €23,683 to €63,704
mainly Other debts (+€119,520) and Debts after one year (+€70,241)
- Stocks and contracts -€8,369
down €8,369 (-44.7%), from €18,707 to €10,338
- Receivables within one year -€7,257
down €7,257 (-20.5%), from €35,420 to €28,164
of which Trade receivables: -€6,148
- Other debts +€119,520
up €119,520 (+677.8%), from €17,634 to €137,155
- Reserves -€100,500
down €100,500 (-52.2%), from €192,500 to €92,000
- Debts after one year +€70,241
up €70,241 (+201.6%), from €34,846 to €105,086
- Gross operating margin +€14,209
up €14,209 (+39.5%), from €35,960 to €50,169
- Depreciation -€5,246
down €5,246 (-33.4%), from €15,705 to €10,459
- Taxes +€3,755
up €3,755 (+75.9%), from €4,951 to €8,706
- Financial charges +€2,730
up €2,730 (+616.9%), from €443 to €3,173
- Other operating charges -€1,064
down €1,064 (-56.3%), from €1,892 to €827
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 | €289,542 | €374,139 | +€84,597 | +29.2% |
| Fixed assets | 21/28 | €111,653 | €171,434 | +€59,781 | +53.5% |
| Tangible fixed assets | 22/27 | €111,653 | €171,434 | +€59,781 | +53.5% |
| Plant, machinery and equipment | 23 | €100 | - | -€100 | |
| Furniture and vehicles | 24 | €2,971 | €917 | -€2,054 | -69.1% |
| Other tangible fixed assets | 26 | €108,581 | €170,516 | +€61,935 | +57.0% |
| Current assets | 29/58 | €177,890 | €202,705 | +€24,816 | +14.0% |
| Stocks and contracts in progress | 3 | €18,707 | €10,338 | -€8,369 | -44.7% |
| Stocks | 30/36 | €18,707 | €10,338 | -€8,369 | -44.7% |
| Amounts receivable within one year | 40/41 | €35,420 | €28,164 | -€7,257 | -20.5% |
| Trade receivables | 40 | €29,337 | €23,189 | -€6,148 | -21.0% |
| Other amounts receivable | 41 | €6,083 | €4,974 | -€1,109 | -18.2% |
| Current investments | 50/53 | €100,079 | €100,499 | +€420 | +0.4% |
| Cash at bank and in hand | 54/58 | €23,683 | €63,704 | +€40,021 | +169.0% |
| Total equity and liabilities | 10/49 | €289,542 | €374,139 | +€84,597 | +29.2% |
| Equity | 10/15 | €202,554 | €102,278 | -€100,276 | -49.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €192,500 | €92,000 | -€100,500 | -52.2% |
| Distributable reserves | 133 | €192,500 | €92,000 | -€100,500 | -52.2% |
| Profit (loss) carried forward | 14 | €54 | €278 | +€224 | +414.6% |
| Amounts payable | 17/49 | €86,988 | €271,862 | +€184,873 | +212.5% |
| Amounts payable after more than one year | 17 | €34,846 | €105,086 | +€70,241 | +201.6% |
| Financial debts | 170/4 | €34,846 | €105,086 | +€70,241 | +201.6% |
| Amounts payable within one year | 42/48 | €52,142 | €166,775 | +€114,633 | +219.8% |
| Current portion of amounts payable after more than one year | 42 | €1,201 | - | -€1,201 | |
| Trade debts | 44 | €17,064 | €14,826 | -€2,239 | -13.1% |
| Suppliers | 440/4 | €17,064 | €14,826 | -€2,239 | -13.1% |
| Taxes, remuneration and social security | 45 | €16,243 | €14,795 | -€1,448 | -8.9% |
| Taxes | 450/3 | €16,243 | €14,795 | -€1,448 | -8.9% |
| Other amounts payable | 47/48 | €17,634 | €137,155 | +€119,520 | +677.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,705 | €10,459 | -€5,246 | -33.4% |
| Other operating charges | 640/8 | €1,892 | €827 | -€1,064 | -56.3% |
| Gross operating margin | 9900 | €35,960 | €50,169 | +€14,209 | +39.5% |
| Operating profit (loss) | 9901 | €18,363 | €38,882 | +€20,519 | +111.7% |
| Financial income | 75/76B | €418 | €720 | +€302 | +72.3% |
| Recurring financial income | 75 | €418 | €720 | +€302 | +72.3% |
| Financial charges | 65/66B | €443 | €3,173 | +€2,730 | +616.9% |
| Recurring financial charges | 65 | €443 | €3,173 | +€2,730 | +616.9% |
| Profit (loss) for the period before taxes | 9903 | €18,338 | €36,429 | +€18,091 | +98.7% |
| Income taxes | 67/77 | €4,951 | €8,706 | +€3,755 | +75.9% |
| Profit (loss) for the period | 9904 | €13,388 | €27,724 | +€14,336 | +107.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,388 | €27,724 | +€14,336 | +107.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.