TECNOFORM: 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.
TECNOFORM
Largest movements
- Tangible fixed assets +€405,503
up €405,503 (+67.5%), from €600,523 to €1.0m
of which Furniture and vehicles: +€253,580
- Receivables within one year +€128,648
up €128,648 (+155.5%), from €82,726 to €211,374
of which Trade receivables: +€116,624
- Debts after one year +€285,248
up €285,248 (+85.4%), from €333,981 to €619,230
- Reserves +€112,477
up €112,477 (+13.8%), from €812,740 to €925,218
- Current portion of long-term debt +€90,667
up €90,667 (+56.5%), from €160,611 to €251,278
- Other debts +€45,054
up €45,054 (+22.3%), from €201,890 to €246,944
- Depreciation +€38,072
up €38,072 (+23.7%), from €160,416 to €198,489
- Taxes -€35,291
down €35,291 (-38.4%), from €91,867 to €56,576
- Other operating charges +€6,650
up €6,650 (+50.3%), from €13,212 to €19,861
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,659,844 | €2,185,629 | +€525,785 | +31.7% |
| Fixed assets | 21/28 | €1,294,977 | €1,700,297 | +€405,319 | +31.3% |
| Intangible fixed assets | 21 | €353 | €169 | -€184 | -52.2% |
| Tangible fixed assets | 22/27 | €600,523 | €1,006,026 | +€405,503 | +67.5% |
| Land and buildings | 22 | €275,519 | €264,745 | -€10,774 | -3.9% |
| Plant, machinery and equipment | 23 | €1,470 | €980 | -€490 | -33.3% |
| Furniture and vehicles | 24 | €323,533 | €577,114 | +€253,580 | +78.4% |
| Leasing and similar rights | 25 | - | €163,187 | +€163,187 | |
| Financial fixed assets | 28 | €694,102 | €694,102 | = | 0.0% |
| Current assets | 29/58 | €364,867 | €485,332 | +€120,466 | +33.0% |
| Amounts receivable within one year | 40/41 | €82,726 | €211,374 | +€128,648 | +155.5% |
| Trade receivables | 40 | €82,726 | €199,350 | +€116,624 | +141.0% |
| Other amounts receivable | 41 | - | €12,024 | +€12,024 | |
| Cash at bank and in hand | 54/58 | €281,620 | €271,324 | -€10,296 | -3.7% |
| Deferred charges and accrued income | 490/1 | €521 | €2,634 | +€2,113 | +405.6% |
| Total equity and liabilities | 10/49 | €1,659,844 | €2,185,629 | +€525,785 | +31.7% |
| Equity | 10/15 | €924,994 | €1,037,472 | +€112,477 | +12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €812,740 | €925,218 | +€112,477 | +13.8% |
| Distributable reserves | 133 | €812,740 | €925,218 | +€112,477 | +13.8% |
| Profit (loss) carried forward | 14 | €106,054 | €106,054 | = | 0.0% |
| Amounts payable | 17/49 | €734,850 | €1,148,157 | +€413,308 | +56.2% |
| Amounts payable after more than one year | 17 | €333,981 | €619,230 | +€285,248 | +85.4% |
| Financial debts | 170/4 | €333,981 | €619,230 | +€285,248 | +85.4% |
| Amounts payable within one year | 42/48 | €400,868 | €528,744 | +€127,876 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €160,611 | €251,278 | +€90,667 | +56.5% |
| Trade debts | 44 | €9,736 | €9,147 | -€588 | -6.0% |
| Suppliers | 440/4 | €9,736 | €9,147 | -€588 | -6.0% |
| Taxes, remuneration and social security | 45 | €28,631 | €21,375 | -€7,257 | -25.3% |
| Taxes | 450/3 | €28,631 | €21,375 | -€7,257 | -25.3% |
| Other amounts payable | 47/48 | €201,890 | €246,944 | +€45,054 | +22.3% |
| Accrued charges and deferred income | 492/3 | - | €183 | +€183 | |
| Non-recurring operating income | 76A | €8,967 | €43,660 | +€34,693 | +386.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,416 | €198,489 | +€38,072 | +23.7% |
| Other operating charges | 640/8 | €13,212 | €19,861 | +€6,650 | +50.3% |
| Non-recurring operating charges | 66A | €110 | €5,777 | +€5,667 | +5163.9% |
| Gross operating margin | 9900 | €506,011 | €505,828 | -€184 | 0.0% |
| Operating profit (loss) | 9901 | €332,273 | €281,701 | -€50,573 | -15.2% |
| Financial income | 75/76B | €55 | €238 | +€183 | +332.3% |
| Recurring financial income | 75 | €55 | €238 | +€183 | +332.3% |
| Financial charges | 65/66B | €34,602 | €39,534 | +€4,932 | +14.3% |
| Recurring financial charges | 65 | €34,602 | €39,534 | +€4,932 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €297,726 | €242,404 | -€55,322 | -18.6% |
| Income taxes | 67/77 | €91,867 | €56,576 | -€35,291 | -38.4% |
| Profit (loss) for the period | 9904 | €205,859 | €185,828 | -€20,031 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €205,859 | €185,828 | -€20,031 | -9.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.