TECTRA: 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.
What changed
TECTRA
NACE 74.301, Translation services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€63,569
2024 · -€68,775+€5,206
Equity
€77,564
2024 · €141,133-€63,569
Cash
€56,988
2024 · €138,417-€81,429
Balance sheet total
€436,721
2024 · €504,091-€67,370
Largest movements
Assets
- Cash -€81,429
down €81,429 (-58.8%), from €138,417 to €56,988
mainly Net result for the year (-€63,569) and Investment in fixed assets (net) (-€23,957)
- Receivables within one year +€18,439
up €18,439 (+288.3%), from €6,397 to €24,836
of which Other amounts receivable: +€18,793
Equity and liabilities
- Profit (loss) carried forward -€60,656
new in 2025: -€60,656
Income statement
- Gross operating margin +€11,065
up €11,065 (+23.8%), from -€46,398 to -€35,333
- Financial income -€5,095
down €5,095 (-97.0%), from €5,252 to €158
- Depreciation +€789
up €789 (+2.9%), from €27,464 to €28,253
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.
Result 2024
-€68,775
Gross operating margin
+€11,065
Depreciation
-€789
Other operating charges
+€199
Other operating items
-€144
Financial income
-€5,095
Financial charges
-€25
Taxes
-€6
Result 2025
-€63,569
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.
From operations
-€57,472
Investment
-€23,957
Financing
€0
Cash 2024
€138,417
From operations (derived)
-€57,472
Net result for the year
-€63,569
Depreciation
+€28,253
Receivables within one year
-€18,439
Smaller working-capital items
+€91
Provisions
-€1,207
Trade debts
-€1,839
Tax, wage and social debts
-€267
Other debts
-€494
Investment (derived)
-€23,957
Investment in fixed assets (net)
-€23,957
Cash 2025
€56,988
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €504,091 | €436,721 | -€67,370 | -13.4% |
| Fixed assets | 21/28 | €357,980 | €353,684 | -€4,296 | -1.2% |
| Tangible fixed assets | 22/27 | €357,980 | €353,684 | -€4,296 | -1.2% |
| Land and buildings | 22 | €344,550 | €335,194 | -€9,357 | -2.7% |
| Plant, machinery and equipment | 23 | €13,429 | €18,490 | +€5,061 | +37.7% |
| Current assets | 29/58 | €146,112 | €83,037 | -€63,075 | -43.2% |
| Amounts receivable within one year | 40/41 | €6,397 | €24,836 | +€18,439 | +288.3% |
| Trade receivables | 40 | €6,397 | €6,044 | -€353 | -5.5% |
| Other amounts receivable | 41 | - | €18,793 | +€18,793 | |
| Cash at bank and in hand | 54/58 | €138,417 | €56,988 | -€81,429 | -58.8% |
| Deferred charges and accrued income | 490/1 | €1,298 | €1,213 | -€85 | -6.6% |
| Total equity and liabilities | 10/49 | €504,091 | €436,721 | -€67,370 | -13.4% |
| Equity | 10/15 | €141,133 | €77,564 | -€63,569 | -45.0% |
| Contributions | 10/11 | €66,312 | €66,312 | = | 0.0% |
| Capital | 10 | €66,312 | €66,312 | = | 0.0% |
| Issued capital | 100 | €66,312 | €66,312 | = | 0.0% |
| Reserves | 13 | €74,821 | €71,908 | -€2,913 | -3.9% |
| Non-distributable reserves | 130/1 | €6,631 | €6,631 | = | 0.0% |
| Legal reserve | 130 | €6,631 | €6,631 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,728 | €65,277 | -€2,451 | -3.6% |
| Distributable reserves | 133 | €462 | - | -€462 | |
| Profit (loss) carried forward | 14 | - | -€60,656 | -€60,656 | |
| Provisions and deferred taxes | 16 | €350,316 | €349,108 | -€1,207 | -0.3% |
| Provisions for liabilities and charges | 160/5 | €335,427 | €335,427 | = | 0.0% |
| Pensions and similar obligations | 160 | €335,427 | €335,427 | = | 0.0% |
| Deferred taxes | 168 | €14,888 | €13,681 | -€1,207 | -8.1% |
| Amounts payable | 17/49 | €12,643 | €10,049 | -€2,594 | -20.5% |
| Amounts payable within one year | 42/48 | €11,700 | €9,100 | -€2,600 | -22.2% |
| Trade debts | 44 | €4,359 | €2,520 | -€1,839 | -42.2% |
| Suppliers | 440/4 | €4,359 | €2,520 | -€1,839 | -42.2% |
| Taxes, remuneration and social security | 45 | €6,847 | €6,580 | -€267 | -3.9% |
| Taxes | 450/3 | €6,847 | €6,580 | -€267 | -3.9% |
| Other amounts payable | 47/48 | €494 | - | -€494 | |
| Accrued charges and deferred income | 492/3 | €943 | €949 | +€6 | +0.7% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,464 | €28,253 | +€789 | +2.9% |
| Other operating charges | 640/8 | €1,035 | €836 | -€199 | -19.2% |
| Non-recurring operating charges | 66A | - | €144 | +€144 | |
| Gross operating margin | 9900 | -€46,398 | -€35,333 | +€11,065 | +23.8% |
| Operating profit (loss) | 9901 | -€74,897 | -€64,566 | +€10,331 | +13.8% |
| Financial income | 75/76B | €5,252 | €158 | -€5,095 | -97.0% |
| Recurring financial income | 75 | €5,252 | €158 | -€5,095 | -97.0% |
| Financial charges | 65/66B | €195 | €220 | +€25 | +12.8% |
| Recurring financial charges | 65 | €195 | €220 | +€25 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | -€69,840 | -€64,628 | +€5,212 | +7.5% |
| Transfer from deferred taxes | 780 | €1,207 | €1,207 | = | 0.0% |
| Income taxes | 67/77 | €143 | €149 | +€6 | +4.3% |
| Profit (loss) for the period | 9904 | -€68,775 | -€63,569 | +€5,206 | +7.6% |
| Transfer from tax-exempt reserves | 789 | €2,451 | €2,451 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,324 | -€61,118 | +€5,206 | +7.8% |
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 3 October 2026 via checked.be.