Tectronic Invest: 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.
Tectronic Invest
Largest movements
- Tangible fixed assets +€588,494
up €588,494 (+99.9%), from €588,883 to €1.2m
of which Land and buildings: +€595,879
- Cash -€59,431
down €59,431 (-89.1%), from €66,664 to €7,234
mainly Investment in fixed assets (net) (-€626,956) and Net result for the year (-€117,834)
- Receivables within one year +€29,869
up €29,869 (+57.1%), from €52,281 to €82,150
of which Trade receivables: +€25,108
- Contributions +€300,000
up €300,000 (+600%), from €50,000 to €350,000
- Other debts +€256,345
up €256,345 (+265%), from €96,765 to €353,110
- Debts after one year +€124,861
up €124,861 (+28.0%), from €446,483 to €571,345
of which Financial debts: +€133,261
- Profit (loss) carried forward -€117,834
new in 2025: -€117,834
- Gross operating margin -€92,277
down €92,277, from €50,368 to -€41,909
- Financial charges +€21,448
up €21,448 (+215%), from €9,978 to €31,426
- Depreciation +€14,448
up €14,448 (+60.2%), from €24,014 to €38,462
- Other operating charges +€5,014
up €5,014 (+452%), from €1,110 to €6,125
- Taxes -€4,353
down €4,353 (-95.9%), from €4,537 to €184
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 | €708,635 | €1,268,672 | +€560,037 | +79.0% |
| Fixed assets | 21/28 | €588,883 | €1,177,376 | +€588,494 | +99.9% |
| Tangible fixed assets | 22/27 | €588,883 | €1,177,376 | +€588,494 | +99.9% |
| Land and buildings | 22 | €564,617 | €1,160,495 | +€595,879 | +106% |
| Plant, machinery and equipment | 23 | €1,666 | €1,250 | -€417 | -25.0% |
| Furniture and vehicles | 24 | €22,600 | €15,631 | -€6,969 | -30.8% |
| Current assets | 29/58 | €119,753 | €91,296 | -€28,457 | -23.8% |
| Amounts receivable within one year | 40/41 | €52,281 | €82,150 | +€29,869 | +57.1% |
| Trade receivables | 40 | €46,061 | €71,170 | +€25,108 | +54.5% |
| Other amounts receivable | 41 | €6,219 | €10,980 | +€4,761 | +76.6% |
| Cash at bank and in hand | 54/58 | €66,664 | €7,234 | -€59,431 | -89.1% |
| Deferred charges and accrued income | 490/1 | €808 | €1,912 | +€1,105 | +137% |
| Total equity and liabilities | 10/49 | €708,635 | €1,268,672 | +€560,037 | +79.0% |
| Equity | 10/15 | €108,767 | €290,932 | +€182,166 | +167% |
| Contributions | 10/11 | €50,000 | €350,000 | +€300,000 | +600% |
| Reserves | 13 | €58,767 | €58,767 | = | 0.0% |
| Distributable reserves | 133 | €58,767 | €58,767 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€117,834 | -€117,834 | |
| Amounts payable | 17/49 | €599,868 | €977,740 | +€377,871 | +63.0% |
| Amounts payable after more than one year | 17 | €446,483 | €571,345 | +€124,861 | +28.0% |
| Financial debts | 170/4 | €438,083 | €571,345 | +€133,261 | +30.4% |
| Other amounts payable | 178/9 | €8,400 | - | -€8,400 | |
| Amounts payable within one year | 42/48 | €143,409 | €404,309 | +€260,900 | +182% |
| Current portion of amounts payable after more than one year | 42 | €35,853 | €35,951 | +€97 | +0.3% |
| Trade debts | 44 | €2,420 | €9,734 | +€7,314 | +302% |
| Suppliers | 440/4 | €2,420 | €9,734 | +€7,314 | +302% |
| Taxes, remuneration and social security | 45 | €8,371 | €5,515 | -€2,856 | -34.1% |
| Taxes | 450/3 | €6,371 | €5,515 | -€856 | -13.4% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €96,765 | €353,110 | +€256,345 | +265% |
| Accrued charges and deferred income | 492/3 | €9,976 | €2,085 | -€7,890 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,014 | €38,462 | +€14,448 | +60.2% |
| Other operating charges | 640/8 | €1,110 | €6,125 | +€5,014 | +452% |
| Gross operating margin | 9900 | €50,368 | -€41,909 | -€92,277 | |
| Operating profit (loss) | 9901 | €25,243 | -€86,496 | -€111,740 | |
| Financial income | 75/76B | €547 | €272 | -€275 | -50.3% |
| Recurring financial income | 75 | €547 | €272 | -€275 | -50.3% |
| Financial charges | 65/66B | €9,978 | €31,426 | +€21,448 | +215% |
| Recurring financial charges | 65 | €9,978 | €31,426 | +€21,448 | +215% |
| Profit (loss) for the period before taxes | 9903 | €15,812 | -€117,650 | -€133,463 | |
| Income taxes | 67/77 | €4,537 | €184 | -€4,353 | -95.9% |
| Profit (loss) for the period | 9904 | €11,275 | -€117,834 | -€129,109 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,275 | -€117,834 | -€129,109 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.