We Are Technology: 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.
We Are Technology
Largest movements
- Receivables within one year -€31,552
down €31,552 (-26.8%), from €117,845 to €86,292
- Tangible fixed assets -€23,551
down €23,551 (-16.4%), from €143,633 to €120,081
of which Leasing and similar rights: -€12,526
- Deferred charges and accrued income +€23,542
up €23,542 (+298%), from €7,893 to €31,435
- Cash +€16,065
up €16,065 (+11.8%), from €136,683 to €152,748
mainly Tax, wage and social debts (+€69,680) and Depreciation (+€31,797)
- Tax, wage and social debts +€69,680
up €69,680 (+94.6%), from €73,644 to €143,324
of which Remuneration and social security: +€73,664
- Trade debts -€45,265
down €45,265 (-55.3%), from €81,849 to €36,584
- Debts after one year -€28,796
down €28,796 (-26.3%), from €109,287 to €80,491
- Reserves -€13,979
down €13,979 (-10.9%), from €128,650 to €114,671
- Staff costs +€243,247
up €243,247 (+112%), from €217,556 to €460,803
- Gross operating margin +€181,710
up €181,710 (+58.3%), from €311,892 to €493,602
- Depreciation +€16,330
up €16,330 (+106%), from €15,467 to €31,797
- Taxes -€16,063
down €16,063 (-94.8%), from €16,942 to €879
- Write-downs +€12,452
up €12,452, from -€8,873 to €3,578
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 | €440,658 | €421,331 | -€19,327 | -4.4% |
| Fixed assets | 21/28 | €178,237 | €150,855 | -€27,382 | -15.4% |
| Intangible fixed assets | 21 | €12,360 | €8,530 | -€3,830 | -31.0% |
| Tangible fixed assets | 22/27 | €143,633 | €120,081 | -€23,551 | -16.4% |
| Plant, machinery and equipment | 23 | €8,920 | €8,197 | -€723 | -8.1% |
| Furniture and vehicles | 24 | €18,302 | €13,910 | -€4,393 | -24.0% |
| Leasing and similar rights | 25 | €61,990 | €49,463 | -€12,526 | -20.2% |
| Other tangible fixed assets | 26 | €54,421 | €48,511 | -€5,910 | -10.9% |
| Financial fixed assets | 28 | €22,244 | €22,244 | = | 0.0% |
| Current assets | 29/58 | €262,421 | €270,476 | +€8,055 | +3.1% |
| Amounts receivable within one year | 40/41 | €117,845 | €86,292 | -€31,552 | -26.8% |
| Trade receivables | 40 | €117,845 | €86,292 | -€31,552 | -26.8% |
| Cash at bank and in hand | 54/58 | €136,683 | €152,748 | +€16,065 | +11.8% |
| Deferred charges and accrued income | 490/1 | €7,893 | €31,435 | +€23,542 | +298% |
| Total equity and liabilities | 10/49 | €440,658 | €421,331 | -€19,327 | -4.4% |
| Equity | 10/15 | €143,650 | €129,671 | -€13,979 | -9.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €128,650 | €114,671 | -€13,979 | -10.9% |
| Distributable reserves | 133 | €128,650 | €114,671 | -€13,979 | -10.9% |
| Amounts payable | 17/49 | €297,008 | €291,661 | -€5,347 | -1.8% |
| Amounts payable after more than one year | 17 | €109,287 | €80,491 | -€28,796 | -26.3% |
| Financial debts | 170/4 | €109,287 | €80,491 | -€28,796 | -26.3% |
| Amounts payable within one year | 42/48 | €182,721 | €209,124 | +€26,404 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €27,188 | €28,796 | +€1,607 | +5.9% |
| Trade debts | 44 | €81,849 | €36,584 | -€45,265 | -55.3% |
| Suppliers | 440/4 | €81,849 | €36,584 | -€45,265 | -55.3% |
| Taxes, remuneration and social security | 45 | €73,644 | €143,324 | +€69,680 | +94.6% |
| Taxes | 450/3 | €51,066 | €47,081 | -€3,985 | -7.8% |
| Remuneration and social security | 454/9 | €22,578 | €96,242 | +€73,664 | +326% |
| Other amounts payable | 47/48 | €40 | €421 | +€382 | +966% |
| Accrued charges and deferred income | 492/3 | €5,000 | €2,045 | -€2,955 | -59.1% |
| Non-recurring operating income | 76A | €2,307 | - | -€2,307 | |
| Remuneration, social security and pensions | 62 | €217,556 | €460,803 | +€243,247 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,467 | €31,797 | +€16,330 | +106% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,873 | €3,578 | +€12,452 | |
| Other operating charges | 640/8 | €9,534 | €594 | -€8,940 | -93.8% |
| Non-recurring operating charges | 66A | €17,784 | €1,645 | -€16,139 | -90.8% |
| Gross operating margin | 9900 | €311,892 | €493,602 | +€181,710 | +58.3% |
| Operating profit (loss) | 9901 | €60,425 | -€4,815 | -€65,241 | |
| Financial income | 75/76B | €140 | €292 | +€152 | +108% |
| Recurring financial income | 75 | €140 | €292 | +€152 | +108% |
| Financial charges | 65/66B | €4,563 | €8,578 | +€4,015 | +88.0% |
| Recurring financial charges | 65 | €4,563 | €8,578 | +€4,015 | +88.0% |
| Profit (loss) for the period before taxes | 9903 | €56,003 | -€13,101 | -€69,104 | |
| Income taxes | 67/77 | €16,942 | €879 | -€16,063 | -94.8% |
| Profit (loss) for the period | 9904 | €39,061 | -€13,979 | -€53,040 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,061 | -€13,979 | -€53,040 |
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 20 October 2026 via checked.be.