TECTOR: 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.
TECTOR
Largest movements
- Tangible fixed assets +€240,272
up €240,272 (+64.7%), from €371,520 to €611,792
of which Land and buildings: +€265,363
- Current investments +€59,146
up €59,146 (+91.5%), from €64,634 to €123,779
- Profit (loss) carried forward +€150,885
up €150,885 (+41.4%), from €364,832 to €515,717
- Reserves +€100,000
up €100,000 (+37.8%), from €264,491 to €364,491
- Debts after one year +€17,431
up €17,431 (+3.6%), from €488,650 to €506,081
- Other debts +€16,641
up €16,641 (+47.3%), from €35,165 to €51,806
- Gross operating margin +€106,562
up €106,562 (+66.6%), from €160,118 to €266,680
- Taxes +€21,378
up €21,378 (+65.4%), from €32,680 to €54,058
- Financial income -€9,908
down €9,908 (-6.0%), from €163,809 to €153,901
of which Non-recurring financial income: -€11,839
- Depreciation +€5,887
up €5,887 (+12.8%), from €46,141 to €52,028
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.
Cash bridge derived
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 | €1,289,093 | €1,580,966 | +€291,873 | +22.6% |
| Fixed assets | 21/28 | €1,171,520 | €1,411,792 | +€240,272 | +20.5% |
| Tangible fixed assets | 22/27 | €371,520 | €611,792 | +€240,272 | +64.7% |
| Land and buildings | 22 | €300,434 | €565,797 | +€265,363 | +88.3% |
| Plant, machinery and equipment | 23 | €25,458 | €22,439 | -€3,018 | -11.9% |
| Furniture and vehicles | 24 | €45,628 | €23,556 | -€22,073 | -48.4% |
| Financial fixed assets | 28 | €800,000 | €800,000 | = | 0.0% |
| Current assets | 29/58 | €117,572 | €169,174 | +€51,601 | +43.9% |
| Amounts receivable within one year | 40/41 | €13,308 | €9,941 | -€3,366 | -25.3% |
| Other amounts receivable | 41 | €13,308 | €9,941 | -€3,366 | -25.3% |
| Current investments | 50/53 | €64,634 | €123,779 | +€59,146 | +91.5% |
| Cash at bank and in hand | 54/58 | €37,872 | €33,343 | -€4,528 | -12.0% |
| Deferred charges and accrued income | 490/1 | €1,760 | €2,110 | +€350 | +19.9% |
| Total equity and liabilities | 10/49 | €1,289,093 | €1,580,966 | +€291,873 | +22.6% |
| Equity | 10/15 | €629,323 | €880,208 | +€250,885 | +39.9% |
| Reserves | 13 | €264,491 | €364,491 | +€100,000 | +37.8% |
| Distributable reserves | 133 | €264,491 | €364,491 | +€100,000 | +37.8% |
| Profit (loss) carried forward | 14 | €364,832 | €515,717 | +€150,885 | +41.4% |
| Amounts payable | 17/49 | €659,770 | €700,758 | +€40,988 | +6.2% |
| Amounts payable after more than one year | 17 | €488,650 | €506,081 | +€17,431 | +3.6% |
| Financial debts | 170/4 | €488,650 | €506,081 | +€17,431 | +3.6% |
| Amounts payable within one year | 42/48 | €168,178 | €194,673 | +€26,494 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €101,079 | €102,573 | +€1,493 | +1.5% |
| Financial debts | 43 | €11,145 | €11,596 | +€451 | +4.0% |
| Credit institutions | 430/8 | €11,145 | €11,596 | +€451 | +4.0% |
| Trade debts | 44 | - | €1,070 | +€1,070 | |
| Suppliers | 440/4 | - | €1,070 | +€1,070 | |
| Taxes, remuneration and social security | 45 | €20,789 | €27,628 | +€6,840 | +32.9% |
| Taxes | 450/3 | €20,789 | €27,628 | +€6,840 | +32.9% |
| Other amounts payable | 47/48 | €35,165 | €51,806 | +€16,641 | +47.3% |
| Accrued charges and deferred income | 492/3 | €2,942 | €4 | -€2,938 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,141 | €52,028 | +€5,887 | +12.8% |
| Other operating charges | 640/8 | €4,986 | €5,590 | +€604 | +12.1% |
| Gross operating margin | 9900 | €160,118 | €266,680 | +€106,562 | +66.6% |
| Operating profit (loss) | 9901 | €108,992 | €209,063 | +€100,071 | +91.8% |
| Financial income | 75/76B | €163,809 | €153,901 | -€9,908 | -6.0% |
| Recurring financial income | 75 | €151,348 | €153,279 | +€1,931 | +1.3% |
| Non-recurring financial income | 76B | €12,461 | €622 | -€11,839 | -95.0% |
| Financial charges | 65/66B | €17,697 | €18,021 | +€323 | +1.8% |
| Recurring financial charges | 65 | €17,697 | €18,021 | +€323 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €255,104 | €344,943 | +€89,839 | +35.2% |
| Income taxes | 67/77 | €32,680 | €54,058 | +€21,378 | +65.4% |
| Profit (loss) for the period | 9904 | €222,424 | €290,885 | +€68,461 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €222,424 | €290,885 | +€68,461 | +30.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.