LE TERTRE: 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.
LE TERTRE
Largest movements
- Cash -€39,399
down €39,399 (-32.0%), from €122,953 to €83,554
mainly Receivables within one year (-€29,138) and Net result for the year (-€24,676)
- Receivables within one year +€29,138
up €29,138 (+67.2%), from €43,344 to €72,482
of which Other amounts receivable: +€28,928
- Tangible fixed assets -€6,816
down €6,816 (-25.5%), from €26,762 to €19,946
- Deferred charges and accrued income -€2,591
down €2,591 (-59.7%), from €4,339 to €1,748
- Profit (loss) carried forward -€24,676
down €24,676 (-71.0%), from €34,734 to €10,058
- Trade debts +€7,080
up €7,080 (+23.4%), from €30,206 to €37,286
- Tax, wage and social debts -€2,573
down €2,573 (-5.8%), from €44,292 to €41,719
of which Remuneration and social security: -€2,592
- Staff costs -€40,805
down €40,805 (-9.0%), from €452,647 to €411,842
- Gross operating margin -€34,546
down €34,546 (-7.9%), from €436,713 to €402,168
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 | €219,236 | €199,066 | -€20,169 | -9.2% |
| Fixed assets | 21/28 | €26,892 | €20,076 | -€6,816 | -25.3% |
| Tangible fixed assets | 22/27 | €26,762 | €19,946 | -€6,816 | -25.5% |
| Plant, machinery and equipment | 23 | €9,307 | €6,977 | -€2,331 | -25.0% |
| Furniture and vehicles | 24 | €7,580 | €5,503 | -€2,077 | -27.4% |
| Other tangible fixed assets | 26 | €9,875 | €7,466 | -€2,408 | -24.4% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €192,344 | €178,991 | -€13,353 | -6.9% |
| Stocks and contracts in progress | 3 | €21,708 | €21,207 | -€501 | -2.3% |
| Stocks | 30/36 | €21,708 | €21,207 | -€501 | -2.3% |
| Amounts receivable within one year | 40/41 | €43,344 | €72,482 | +€29,138 | +67.2% |
| Trade receivables | 40 | €5,944 | €6,154 | +€210 | +3.5% |
| Other amounts receivable | 41 | €37,400 | €66,328 | +€28,928 | +77.3% |
| Cash at bank and in hand | 54/58 | €122,953 | €83,554 | -€39,399 | -32.0% |
| Deferred charges and accrued income | 490/1 | €4,339 | €1,748 | -€2,591 | -59.7% |
| Total equity and liabilities | 10/49 | €219,236 | €199,066 | -€20,169 | -9.2% |
| Equity | 10/15 | €144,734 | €120,058 | -€24,676 | -17.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,734 | €10,058 | -€24,676 | -71.0% |
| Amounts payable | 17/49 | €74,502 | €79,009 | +€4,507 | +6.0% |
| Amounts payable within one year | 42/48 | €74,502 | €79,009 | +€4,507 | +6.0% |
| Trade debts | 44 | €30,206 | €37,286 | +€7,080 | +23.4% |
| Suppliers | 440/4 | €30,206 | €37,286 | +€7,080 | +23.4% |
| Taxes, remuneration and social security | 45 | €44,292 | €41,719 | -€2,573 | -5.8% |
| Taxes | 450/3 | €6,591 | €6,611 | +€19 | +0.3% |
| Remuneration and social security | 454/9 | €37,700 | €35,109 | -€2,592 | -6.9% |
| Other amounts payable | 47/48 | €4 | €4 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €452,647 | €411,842 | -€40,805 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,555 | €6,816 | +€261 | +4.0% |
| Other operating charges | 640/8 | €2,020 | €2,057 | +€37 | +1.8% |
| Gross operating margin | 9900 | €436,713 | €402,168 | -€34,546 | -7.9% |
| Operating profit (loss) | 9901 | -€24,509 | -€18,547 | +€5,961 | +24.3% |
| Financial income | 75/76B | €454 | €925 | +€471 | +104% |
| Recurring financial income | 75 | €454 | €925 | +€471 | +104% |
| Financial charges | 65/66B | €5,001 | €7,054 | +€2,053 | +41.1% |
| Recurring financial charges | 65 | €5,001 | €7,054 | +€2,053 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,055 | -€24,676 | +€4,379 | +15.1% |
| Profit (loss) for the period | 9904 | -€29,055 | -€24,676 | +€4,379 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,055 | -€24,676 | +€4,379 | +15.1% |
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.