TechForge: 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.
TechForge
Largest movements
- Tangible fixed assets +€88,325
new in 2025: €88,325
of which Land and buildings: +€84,680
- Cash +€82,661
up €82,661 (+74.2%), from €111,425 to €194,086
mainly Net result for the year (+€94,709) and Debts after one year (+€50,792)
- Receivables within one year -€18,791
down €18,791 (-35.9%), from €52,356 to €33,565
of which Trade receivables: -€22,292
- Reserves +€94,709
up €94,709 (+88.2%), from €107,397 to €202,106
- Debts after one year +€50,792
new in 2025: €50,792
- Current portion of long-term debt +€11,500
new in 2025: €11,500
- Tax, wage and social debts -€5,287
down €5,287 (-10.3%), from €51,576 to €46,288
of which Taxes: -€5,287
- Other operating charges +€11,454
up €11,454 (+9,090%), from €126 to €11,580
- Taxes -€3,740
down €3,740 (-12.0%), from €31,274 to €27,534
- Gross operating margin -€2,333
down €2,333 (-1.7%), from €139,957 to €137,624
- Financial charges +€1,613
up €1,613 (+118%), from €1,363 to €2,976
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 | €164,750 | €315,977 | +€151,227 | +91.8% |
| Fixed assets | 21/28 | - | €88,325 | +€88,325 | |
| Tangible fixed assets | 22/27 | - | €88,325 | +€88,325 | |
| Land and buildings | 22 | - | €84,680 | +€84,680 | |
| Plant, machinery and equipment | 23 | - | €1,380 | +€1,380 | |
| Furniture and vehicles | 24 | - | €2,265 | +€2,265 | |
| Current assets | 29/58 | €164,750 | €227,652 | +€62,902 | +38.2% |
| Amounts receivable within one year | 40/41 | €52,356 | €33,565 | -€18,791 | -35.9% |
| Trade receivables | 40 | €47,916 | €25,624 | -€22,292 | -46.5% |
| Other amounts receivable | 41 | €4,441 | €7,942 | +€3,501 | +78.9% |
| Cash at bank and in hand | 54/58 | €111,425 | €194,086 | +€82,661 | +74.2% |
| Deferred charges and accrued income | 490/1 | €969 | €0 | -€969 | -100% |
| Total equity and liabilities | 10/49 | €164,750 | €315,977 | +€151,227 | +91.8% |
| Equity | 10/15 | €112,397 | €207,106 | +€94,709 | +84.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €107,397 | €202,106 | +€94,709 | +88.2% |
| Distributable reserves | 133 | €107,397 | €202,106 | +€94,709 | +88.2% |
| Amounts payable | 17/49 | €52,353 | €108,871 | +€56,518 | +108% |
| Amounts payable after more than one year | 17 | - | €50,792 | +€50,792 | |
| Financial debts | 170/4 | - | €50,792 | +€50,792 | |
| Amounts payable within one year | 42/48 | €52,353 | €58,079 | +€5,726 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | - | €11,500 | +€11,500 | |
| Trade debts | 44 | €777 | €0 | -€777 | -100% |
| Suppliers | 440/4 | €777 | €0 | -€777 | -100% |
| Taxes, remuneration and social security | 45 | €51,576 | €46,288 | -€5,287 | -10.3% |
| Taxes | 450/3 | €49,076 | €43,788 | -€5,287 | -10.8% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €291 | +€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €873 | +€873 | |
| Other operating charges | 640/8 | €126 | €11,580 | +€11,454 | +9,090% |
| Gross operating margin | 9900 | €139,957 | €137,624 | -€2,333 | -1.7% |
| Operating profit (loss) | 9901 | €139,831 | €125,171 | -€14,660 | -10.5% |
| Financial income | 75/76B | €203 | €48 | -€155 | -76.3% |
| Recurring financial income | 75 | €203 | €48 | -€155 | -76.3% |
| Financial charges | 65/66B | €1,363 | €2,976 | +€1,613 | +118% |
| Recurring financial charges | 65 | €1,363 | €2,976 | +€1,613 | +118% |
| Profit (loss) for the period before taxes | 9903 | €138,671 | €122,243 | -€16,427 | -11.8% |
| Income taxes | 67/77 | €31,274 | €27,534 | -€3,740 | -12.0% |
| Profit (loss) for the period | 9904 | €107,397 | €94,709 | -€12,688 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €107,397 | €94,709 | -€12,688 | -11.8% |
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 28 October 2026 via checked.be.