TH-TECH: 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.
TH-TECH
Largest movements
- Tangible fixed assets -€20,938
down €20,938 (-77.2%), from €27,112 to €6,174
- Cash -€9,677
down €9,677 (-98.6%), from €9,815 to €138
mainly Net result for the year (-€13,659) and Current portion of long-term debt (-€7,542)
- Receivables within one year +€7,030
up €7,030 (+43.2%), from €16,293 to €23,323
of which Other amounts receivable: +€11,456
- Stocks and contracts -€1,355
down €1,355 (-7.1%), from €19,030 to €17,675
- Reserves -€13,659
down €13,659 (-93.9%), from €14,548 to €889
- Current portion of long-term debt -€7,542
down €7,542 (-61.7%), from €12,222 to €4,680
- Trade debts -€5,588
down €5,588 (-22.3%), from €25,113 to €19,525
- Accrued charges and deferred income +€2,715
up €2,715 (+218.1%), from €1,244 to €3,959
- Gross operating margin -€33,967
down €33,967, from €30,307 to -€3,660
- Taxes -€4,813
down €4,813 (-98.7%), from €4,877 to €64
- Depreciation -€3,539
down €3,539 (-69.4%), from €5,102 to €1,563
- Financial charges +€2,352
up €2,352 (+301.3%), from €780 to €3,132
- Other operating charges -€1,316
down €1,316 (-18.4%), from €7,149 to €5,833
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,728 | €48,378 | -€24,350 | -33.5% |
| Fixed assets | 21/28 | €27,112 | €6,174 | -€20,938 | -77.2% |
| Tangible fixed assets | 22/27 | €27,112 | €6,174 | -€20,938 | -77.2% |
| Plant, machinery and equipment | 23 | €16,391 | €6,136 | -€10,255 | -62.6% |
| Furniture and vehicles | 24 | €10,317 | €38 | -€10,279 | -99.6% |
| Other tangible fixed assets | 26 | €404 | - | -€404 | |
| Current assets | 29/58 | €45,616 | €42,204 | -€3,412 | -7.5% |
| Stocks and contracts in progress | 3 | €19,030 | €17,675 | -€1,355 | -7.1% |
| Stocks | 30/36 | €19,030 | €17,675 | -€1,355 | -7.1% |
| Amounts receivable within one year | 40/41 | €16,293 | €23,323 | +€7,030 | +43.2% |
| Trade receivables | 40 | €5,024 | €599 | -€4,425 | -88.1% |
| Other amounts receivable | 41 | €11,269 | €22,724 | +€11,456 | +101.7% |
| Cash at bank and in hand | 54/58 | €9,815 | €138 | -€9,677 | -98.6% |
| Deferred charges and accrued income | 490/1 | €479 | €1,069 | +€590 | +123.3% |
| Total equity and liabilities | 10/49 | €72,728 | €48,378 | -€24,350 | -33.5% |
| Equity | 10/15 | €15,548 | €1,889 | -€13,659 | -87.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €14,548 | €889 | -€13,659 | -93.9% |
| Distributable reserves | 133 | €14,548 | €889 | -€13,659 | -93.9% |
| Amounts payable | 17/49 | €57,180 | €46,489 | -€10,691 | -18.7% |
| Amounts payable after more than one year | 17 | €11,528 | €11,184 | -€343 | -3.0% |
| Financial debts | 170/4 | €11,528 | €11,184 | -€343 | -3.0% |
| Amounts payable within one year | 42/48 | €44,408 | €31,346 | -€13,062 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €12,222 | €4,680 | -€7,542 | -61.7% |
| Trade debts | 44 | €25,113 | €19,525 | -€5,588 | -22.3% |
| Suppliers | 440/4 | €25,113 | €19,525 | -€5,588 | -22.3% |
| Taxes, remuneration and social security | 45 | €7,072 | €7,141 | +€69 | +1.0% |
| Taxes | 450/3 | €7,072 | €7,141 | +€69 | +1.0% |
| Accrued charges and deferred income | 492/3 | €1,244 | €3,959 | +€2,715 | +218.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,102 | €1,563 | -€3,539 | -69.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €500 | +€500 | |
| Other operating charges | 640/8 | €7,149 | €5,833 | -€1,316 | -18.4% |
| Gross operating margin | 9900 | €30,307 | -€3,660 | -€33,967 | |
| Operating profit (loss) | 9901 | €18,056 | -€11,556 | -€29,612 | |
| Financial income | 75/76B | €78 | €1,093 | +€1,015 | +1303.6% |
| Recurring financial income | 75 | €78 | €1,093 | +€1,015 | +1303.6% |
| Financial charges | 65/66B | €780 | €3,132 | +€2,352 | +301.3% |
| Recurring financial charges | 65 | €780 | €3,132 | +€2,352 | +301.3% |
| Profit (loss) for the period before taxes | 9903 | €17,353 | -€13,595 | -€30,948 | |
| Income taxes | 67/77 | €4,877 | €64 | -€4,813 | -98.7% |
| Profit (loss) for the period | 9904 | €12,476 | -€13,659 | -€26,135 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,476 | -€13,659 | -€26,135 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.