TECTONA GRANDIS: 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.
TECTONA GRANDIS
Largest movements
- Receivables within one year +€124,805
up €124,805 (+71.3%), from €175,160 to €299,965
of which Other amounts receivable: +€81,936
- Stocks and contracts -€45,252
down €45,252 (-15.2%), from €298,564 to €253,313
- Trade debts +€186,676
up €186,676 (+5,157%), from €3,620 to €190,296
- Other debts -€130,139
down €130,139 (-62.0%), from €209,931 to €79,792
- Reserves +€44,200
up €44,200 (+36.1%), from €122,540 to €166,740
of which Distributable reserves: +€44,200
- Tax, wage and social debts -€10,979
down €10,979 (-35.8%), from €30,650 to €19,671
- Gross operating margin -€4,363
down €4,363 (-5.3%), from €82,792 to €78,429
- Financial charges -€2,245
down €2,245 (-22.4%), from €10,006 to €7,761
- Depreciation +€1,136
up €1,136 (+11.4%), from €9,970 to €11,106
- Taxes -€1,010
down €1,010 (-6.0%), from €16,792 to €15,782
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 | €664,535 | €750,318 | +€85,784 | +12.9% |
| Fixed assets | 21/28 | €188,267 | €189,332 | +€1,065 | +0.6% |
| Tangible fixed assets | 22/27 | €188,267 | €189,332 | +€1,065 | +0.6% |
| Land and buildings | 22 | €2,033 | €1,377 | -€656 | -32.3% |
| Plant, machinery and equipment | 23 | €4,977 | €21,922 | +€16,945 | +340% |
| Furniture and vehicles | 24 | €7,004 | €0 | -€7,004 | -100% |
| Other tangible fixed assets | 26 | €174,253 | €166,033 | -€8,219 | -4.7% |
| Current assets | 29/58 | €476,268 | €560,986 | +€84,719 | +17.8% |
| Stocks and contracts in progress | 3 | €298,564 | €253,313 | -€45,252 | -15.2% |
| Stocks | 30/36 | €298,564 | €253,313 | -€45,252 | -15.2% |
| Amounts receivable within one year | 40/41 | €175,160 | €299,965 | +€124,805 | +71.3% |
| Trade receivables | 40 | €21,091 | €63,959 | +€42,868 | +203% |
| Other amounts receivable | 41 | €154,069 | €236,006 | +€81,936 | +53.2% |
| Cash at bank and in hand | 54/58 | €326 | €4,798 | +€4,472 | +1,373% |
| Deferred charges and accrued income | 490/1 | €2,218 | €2,911 | +€693 | +31.2% |
| Total equity and liabilities | 10/49 | €664,535 | €750,318 | +€85,784 | +12.9% |
| Equity | 10/15 | €329,181 | €373,382 | +€44,200 | +13.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €145,142 | €145,142 | = | 0.0% |
| Reserves | 13 | €122,540 | €166,740 | +€44,200 | +36.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €116,390 | €160,590 | +€44,200 | +38.0% |
| Amounts payable | 17/49 | €335,353 | €376,937 | +€41,584 | +12.4% |
| Amounts payable after more than one year | 17 | €66,660 | €64,791 | -€1,869 | -2.8% |
| Financial debts | 170/4 | €66,660 | €64,791 | -€1,869 | -2.8% |
| Amounts payable within one year | 42/48 | €266,719 | €312,128 | +€45,409 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €21,704 | €22,369 | +€665 | +3.1% |
| Financial debts | 43 | €815 | €0 | -€815 | -100% |
| Credit institutions | 430/8 | €815 | €0 | -€815 | -100% |
| Trade debts | 44 | €3,620 | €190,296 | +€186,676 | +5,157% |
| Suppliers | 440/4 | €3,620 | €190,296 | +€186,676 | +5,157% |
| Taxes, remuneration and social security | 45 | €30,650 | €19,671 | -€10,979 | -35.8% |
| Taxes | 450/3 | €30,650 | €19,671 | -€10,979 | -35.8% |
| Other amounts payable | 47/48 | €209,931 | €79,792 | -€130,139 | -62.0% |
| Accrued charges and deferred income | 492/3 | €1,975 | €18 | -€1,957 | -99.1% |
| Non-recurring operating income | 76A | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,970 | €11,106 | +€1,136 | +11.4% |
| Other operating charges | 640/8 | €2,646 | €2,490 | -€156 | -5.9% |
| Gross operating margin | 9900 | €82,792 | €78,429 | -€4,363 | -5.3% |
| Operating profit (loss) | 9901 | €70,176 | €64,832 | -€5,343 | -7.6% |
| Financial income | 75/76B | €2,218 | €2,911 | +€693 | +31.2% |
| Recurring financial income | 75 | €2,218 | €2,911 | +€693 | +31.2% |
| Financial charges | 65/66B | €10,006 | €7,761 | -€2,245 | -22.4% |
| Recurring financial charges | 65 | €10,006 | €7,761 | -€2,245 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €62,388 | €59,982 | -€2,406 | -3.9% |
| Income taxes | 67/77 | €16,792 | €15,782 | -€1,010 | -6.0% |
| Profit (loss) for the period | 9904 | €45,596 | €44,200 | -€1,396 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,596 | €44,200 | -€1,396 | -3.1% |
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 16 October 2026 via checked.be.