TECNOTHERM: 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.
TECNOTHERM
Largest movements
- Cash +€34,204
up €34,204 (+131%), from €26,161 to €60,365
mainly Net result for the year (+€59,724) and Other debts (+€52,146)
- Receivables within one year +€27,920
up €27,920 (+214%), from €13,054 to €40,974
of which Trade receivables: +€19,226
- Stocks and contracts +€4,746
up €4,746 (+27.4%), from €17,324 to €22,070
- Tangible fixed assets -€2,617
down €2,617 (-26.4%), from €9,911 to €7,294
of which Furniture and vehicles: -€4,974
- Other debts +€52,146
up €52,146 (+688%), from €7,578 to €59,724
- Trade debts +€8,066
up €8,066 (+71.7%), from €11,247 to €19,313
- Tax, wage and social debts +€3,044
up €3,044 (+76.2%), from €3,995 to €7,039
of which Taxes: +€1,760
- Gross operating margin +€49,443
up €49,443 (+125%), from €39,499 to €88,941
- Taxes +€8,313
up €8,313 (+114%), from €7,275 to €15,588
- Staff costs +€6,268
new in 2025: €6,268
- Other operating charges +€2,898
up €2,898 (+502%), from €577 to €3,475
- Depreciation -€1,227
down €1,227 (-33.1%), from €3,711 to €2,484
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 | €73,623 | €136,880 | +€63,256 | +85.9% |
| Fixed assets | 21/28 | €9,911 | €7,294 | -€2,617 | -26.4% |
| Tangible fixed assets | 22/27 | €9,911 | €7,294 | -€2,617 | -26.4% |
| Plant, machinery and equipment | 23 | €2,994 | €5,351 | +€2,357 | +78.7% |
| Furniture and vehicles | 24 | €6,918 | €1,944 | -€4,974 | -71.9% |
| Current assets | 29/58 | €63,712 | €129,585 | +€65,873 | +103% |
| Stocks and contracts in progress | 3 | €17,324 | €22,070 | +€4,746 | +27.4% |
| Stocks | 30/36 | €17,324 | €22,070 | +€4,746 | +27.4% |
| Amounts receivable within one year | 40/41 | €13,054 | €40,974 | +€27,920 | +214% |
| Trade receivables | 40 | €9,616 | €28,841 | +€19,226 | +200% |
| Other amounts receivable | 41 | €3,439 | €12,133 | +€8,694 | +253% |
| Cash at bank and in hand | 54/58 | €26,161 | €60,365 | +€34,204 | +131% |
| Deferred charges and accrued income | 490/1 | €7,173 | €6,176 | -€997 | -13.9% |
| Total equity and liabilities | 10/49 | €73,623 | €136,880 | +€63,256 | +85.9% |
| Equity | 10/15 | €50,803 | €50,803 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €48,303 | €48,303 | = | 0.0% |
| Distributable reserves | 133 | €48,303 | €48,303 | = | 0.0% |
| Amounts payable | 17/49 | €22,820 | €86,076 | +€63,256 | +277% |
| Amounts payable within one year | 42/48 | €22,820 | €86,076 | +€63,256 | +277% |
| Trade debts | 44 | €11,247 | €19,313 | +€8,066 | +71.7% |
| Suppliers | 440/4 | €11,247 | €19,313 | +€8,066 | +71.7% |
| Taxes, remuneration and social security | 45 | €3,995 | €7,039 | +€3,044 | +76.2% |
| Taxes | 450/3 | €3,995 | €5,755 | +€1,760 | +44.0% |
| Remuneration and social security | 454/9 | - | €1,284 | +€1,284 | |
| Other amounts payable | 47/48 | €7,578 | €59,724 | +€52,146 | +688% |
| Remuneration, social security and pensions | 62 | - | €6,268 | +€6,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,711 | €2,484 | -€1,227 | -33.1% |
| Other operating charges | 640/8 | €577 | €3,475 | +€2,898 | +502% |
| Gross operating margin | 9900 | €39,499 | €88,941 | +€49,443 | +125% |
| Operating profit (loss) | 9901 | €35,211 | €76,714 | +€41,503 | +118% |
| Financial income | 75/76B | €306 | €988 | +€682 | +223% |
| Recurring financial income | 75 | €306 | €988 | +€682 | +223% |
| Financial charges | 65/66B | €2,280 | €2,390 | +€110 | +4.8% |
| Recurring financial charges | 65 | €2,280 | €2,390 | +€110 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €33,236 | €75,312 | +€42,076 | +127% |
| Income taxes | 67/77 | €7,275 | €15,588 | +€8,313 | +114% |
| Profit (loss) for the period | 9904 | €25,961 | €59,724 | +€33,763 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €25,961 | €59,724 | +€33,763 | +130% |
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.