TECNOLUB: 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.
TECNOLUB
Largest movements
- Receivables within one year -€52,346
down €52,346 (-21.3%), from €245,667 to €193,322
of which Trade receivables: -€52,461
- Stocks and contracts -€26,542
down €26,542 (-25.4%), from €104,523 to €77,981
- Intangible fixed assets -€16,088
down €16,088 (-9.5%), from €169,241 to €153,153
- Cash +€5,852
up €5,852 (+145%), from €4,031 to €9,883
mainly Receivables within one year (+€52,346) and Depreciation (+€36,676)
- Debts after one year -€51,146
down €51,146 (-58.6%), from €87,319 to €36,173
- Trade debts -€34,314
down €34,314 (-14.5%), from €237,129 to €202,815
- Tax, wage and social debts -€14,832
down €14,832 (-15.7%), from €94,285 to €79,453
of which Remuneration and social security: -€8,926
- Short-term financial debts +€6,999
up €6,999 (+55.0%), from €12,716 to €19,715
- Depreciation -€39,668
down €39,668 (-52.0%), from €76,344 to €36,676
- Gross operating margin -€29,344
down €29,344 (-11.0%), from €267,446 to €238,102
- Other operating charges +€10,268
up €10,268, from €0 to €10,268
- Write-downs -€7,295
down €7,295, from €6,403 to -€892
- Staff costs +€3,858
up €3,858 (+2.3%), from €164,256 to €168,114
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.
Derived cash bridge
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 | €524,600 | €439,249 | -€85,351 | -16.3% |
| Formation expenses | 20 | €31 | €0 | -€31 | -100% |
| Fixed assets | 21/28 | €169,421 | €156,230 | -€13,191 | -7.8% |
| Intangible fixed assets | 21 | €169,241 | €153,153 | -€16,088 | -9.5% |
| Tangible fixed assets | 22/27 | €181 | €3,077 | +€2,896 | +1,603% |
| Furniture and vehicles | 24 | €181 | €0 | -€181 | -100% |
| Other tangible fixed assets | 26 | - | €3,077 | +€3,077 | |
| Current assets | 29/58 | €355,147 | €283,019 | -€72,128 | -20.3% |
| Stocks and contracts in progress | 3 | €104,523 | €77,981 | -€26,542 | -25.4% |
| Stocks | 30/36 | €104,523 | €77,981 | -€26,542 | -25.4% |
| Amounts receivable within one year | 40/41 | €245,667 | €193,322 | -€52,346 | -21.3% |
| Trade receivables | 40 | €245,589 | €193,128 | -€52,461 | -21.4% |
| Other amounts receivable | 41 | €78 | €194 | +€115 | +148% |
| Cash at bank and in hand | 54/58 | €4,031 | €9,883 | +€5,852 | +145% |
| Deferred charges and accrued income | 490/1 | €926 | €1,834 | +€908 | +98.0% |
| Total equity and liabilities | 10/49 | €524,600 | €439,249 | -€85,351 | -16.3% |
| Equity | 10/15 | €34,336 | €38,854 | +€4,518 | +13.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,336 | €13,854 | +€4,518 | +48.4% |
| Amounts payable | 17/49 | €490,263 | €400,394 | -€89,869 | -18.3% |
| Amounts payable after more than one year | 17 | €87,319 | €36,173 | -€51,146 | -58.6% |
| Financial debts | 170/4 | €87,319 | €36,173 | -€51,146 | -58.6% |
| Amounts payable within one year | 42/48 | €399,739 | €363,630 | -€36,109 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €55,609 | €56,646 | +€1,038 | +1.9% |
| Financial debts | 43 | €12,716 | €19,715 | +€6,999 | +55.0% |
| Credit institutions | 430/8 | €12,716 | €19,715 | +€6,999 | +55.0% |
| Trade debts | 44 | €237,129 | €202,815 | -€34,314 | -14.5% |
| Suppliers | 440/4 | €237,129 | €202,815 | -€34,314 | -14.5% |
| Taxes, remuneration and social security | 45 | €94,285 | €79,453 | -€14,832 | -15.7% |
| Taxes | 450/3 | €42,422 | €36,516 | -€5,906 | -13.9% |
| Remuneration and social security | 454/9 | €51,863 | €42,937 | -€8,926 | -17.2% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €3,205 | €592 | -€2,614 | -81.5% |
| Remuneration, social security and pensions | 62 | €164,256 | €168,114 | +€3,858 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,344 | €36,676 | -€39,668 | -52.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,403 | -€892 | -€7,295 | |
| Other operating charges | 640/8 | €0 | €10,268 | +€10,268 | |
| Non-recurring operating charges | 66A | - | €2 | +€2 | |
| Gross operating margin | 9900 | €267,446 | €238,102 | -€29,344 | -11.0% |
| Operating profit (loss) | 9901 | €20,443 | €23,935 | +€3,492 | +17.1% |
| Financial income | 75/76B | €1 | €35 | +€34 | +4,456% |
| Recurring financial income | 75 | €1 | €35 | +€34 | +4,456% |
| Financial charges | 65/66B | €14,622 | €13,371 | -€1,251 | -8.6% |
| Recurring financial charges | 65 | €14,622 | €13,371 | -€1,251 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €5,821 | €10,598 | +€4,777 | +82.1% |
| Income taxes | 67/77 | €3,440 | €6,080 | +€2,640 | +76.8% |
| Profit (loss) for the period | 9904 | €2,382 | €4,518 | +€2,137 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,382 | €4,518 | +€2,137 | +89.7% |
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 18 October 2026 via checked.be.