TECTORI: 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.
TECTORI
Largest movements
- Cash -€57,708
down €57,708 (-62.5%), from €92,406 to €34,699
- Deferred charges and accrued income -€15,475
down €15,475 (-96.4%), from €16,052 to €577
- Tangible fixed assets -€9,173
down €9,173 (-69.7%), from €13,154 to €3,981
of which Furniture and vehicles: -€8,046
- Receivables within one year +€8,200
up €8,200 (+24.1%), from €34,041 to €42,241
of which Trade receivables: +€22,134
- Reserves -€117,993
no longer reported in 2025 (was €117,993)
- Other debts +€49,178
up €49,178 (+2,235%), from €2,200 to €51,378
- Tax, wage and social debts +€8,843
up €8,843 (+33,752%), from €26 to €8,869
of which Taxes: +€8,843
- Debts after one year -€6,711
no longer reported in 2025 (was €6,711)
- Short-term financial debts -€4,000
down €4,000 (-23.5%), from €17,000 to €13,000
- Gross operating margin +€6,880
up €6,880 (+14.7%), from €46,803 to €53,683
- Taxes +€1,564
up €1,564 (+19.3%), from €8,090 to €9,654
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,654 | €81,499 | -€74,156 | -47.6% |
| Fixed assets | 21/28 | €13,154 | €3,981 | -€9,173 | -69.7% |
| Tangible fixed assets | 22/27 | €13,154 | €3,981 | -€9,173 | -69.7% |
| Plant, machinery and equipment | 23 | €257 | €56 | -€200 | -78.0% |
| Furniture and vehicles | 24 | €10,833 | €2,787 | -€8,046 | -74.3% |
| Other tangible fixed assets | 26 | €2,065 | €1,138 | -€926 | -44.9% |
| Current assets | 29/58 | €142,500 | €77,517 | -€64,983 | -45.6% |
| Amounts receivable within one year | 40/41 | €34,041 | €42,241 | +€8,200 | +24.1% |
| Trade receivables | 40 | €6,949 | €29,084 | +€22,134 | +319% |
| Other amounts receivable | 41 | €27,092 | €13,157 | -€13,934 | -51.4% |
| Cash at bank and in hand | 54/58 | €92,406 | €34,699 | -€57,708 | -62.5% |
| Deferred charges and accrued income | 490/1 | €16,052 | €577 | -€15,475 | -96.4% |
| Total equity and liabilities | 10/49 | €155,654 | €81,499 | -€74,156 | -47.6% |
| Equity | 10/15 | €122,993 | €5,000 | -€117,993 | -95.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €117,993 | - | -€117,993 | |
| Distributable reserves | 133 | €117,993 | - | -€117,993 | |
| Amounts payable | 17/49 | €32,661 | €76,499 | +€43,838 | +134% |
| Amounts payable after more than one year | 17 | €6,711 | - | -€6,711 | |
| Financial debts | 170/4 | €6,711 | - | -€6,711 | |
| Amounts payable within one year | 42/48 | €25,949 | €76,499 | +€50,549 | +195% |
| Current portion of amounts payable after more than one year | 42 | €4,626 | €1,993 | -€2,633 | -56.9% |
| Financial debts | 43 | €17,000 | €13,000 | -€4,000 | -23.5% |
| Credit institutions | 430/8 | €17,000 | €13,000 | -€4,000 | -23.5% |
| Trade debts | 44 | €2,097 | €1,258 | -€839 | -40.0% |
| Suppliers | 440/4 | €2,097 | €1,258 | -€839 | -40.0% |
| Taxes, remuneration and social security | 45 | €26 | €8,869 | +€8,843 | +33,752% |
| Taxes | 450/3 | €26 | €8,869 | +€8,843 | +33,752% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €2,200 | €51,378 | +€49,178 | +2,235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,829 | €5,887 | +€58 | +1.0% |
| Other operating charges | 640/8 | €228 | €435 | +€206 | +90.3% |
| Gross operating margin | 9900 | €46,803 | €53,683 | +€6,880 | +14.7% |
| Operating profit (loss) | 9901 | €40,746 | €47,362 | +€6,616 | +16.2% |
| Financial income | 75/76B | €1 | €16 | +€15 | +2,815% |
| Recurring financial income | 75 | €1 | €16 | +€15 | +2,815% |
| Financial charges | 65/66B | €587 | €633 | +€47 | +8.0% |
| Recurring financial charges | 65 | €587 | €633 | +€47 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €40,159 | €46,745 | +€6,585 | +16.4% |
| Transfer from deferred taxes | 780 | - | €22,037 | +€22,037 | |
| Income taxes | 67/77 | €8,090 | €9,654 | +€1,564 | +19.3% |
| Profit (loss) for the period | 9904 | €32,070 | €59,128 | +€27,058 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,070 | €59,128 | +€27,058 | +84.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.