TECTUM+: 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.
TECTUM+
Largest movements
- Tangible fixed assets +€202,580
up €202,580 (+23.1%), from €877,568 to €1.1m
of which Furniture and vehicles: +€237,594
- Deferred charges and accrued income +€37,810
up €37,810 (+578%), from €6,540 to €44,350
- Cash -€27,728
down €27,728 (-39.1%), from €70,893 to €43,165
mainly Investment in fixed assets (net) (-€250,110) and Deferred charges and accrued income (-€37,810)
- Debts after one year +€173,759
new in 2025: €173,759
- Current portion of long-term debt +€42,411
new in 2025: €42,411
- Tax, wage and social debts -€24,716
down €24,716 (-45.0%), from €54,914 to €30,198
- Profit (loss) carried forward +€20,561
up €20,561 (+8.3%), from €246,483 to €267,045
- Taxes -€21,858
down €21,858 (-63.4%), from €34,478 to €12,620
- Gross operating margin -€11,126
down €11,126 (-10.9%), from €101,861 to €90,734
- Depreciation +€10,032
up €10,032 (+26.8%), from €37,497 to €47,530
- Other operating charges -€5,685
down €5,685 (-48.9%), from €11,615 to €5,930
- Financial charges +€3,012
up €3,012 (+269%), from €1,118 to €4,130
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 | €1,265,454 | €1,482,325 | +€216,870 | +17.1% |
| Fixed assets | 21/28 | €952,568 | €1,155,148 | +€202,580 | +21.3% |
| Tangible fixed assets | 22/27 | €877,568 | €1,080,148 | +€202,580 | +23.1% |
| Land and buildings | 22 | €495,711 | €477,125 | -€18,586 | -3.7% |
| Furniture and vehicles | 24 | €67,581 | €305,175 | +€237,594 | +352% |
| Other tangible fixed assets | 26 | €314,276 | €297,848 | -€16,428 | -5.2% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €312,887 | €327,177 | +€14,290 | +4.6% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €210,453 | €214,661 | +€4,208 | +2.0% |
| Trade receivables | 40 | €64,181 | €72,689 | +€8,508 | +13.3% |
| Other amounts receivable | 41 | €146,272 | €141,972 | -€4,300 | -2.9% |
| Cash at bank and in hand | 54/58 | €70,893 | €43,165 | -€27,728 | -39.1% |
| Deferred charges and accrued income | 490/1 | €6,540 | €44,350 | +€37,810 | +578% |
| Total equity and liabilities | 10/49 | €1,265,454 | €1,482,325 | +€216,870 | +17.1% |
| Equity | 10/15 | €1,180,415 | €1,200,976 | +€20,561 | +1.7% |
| Contributions | 10/11 | €144,732 | €144,732 | = | 0.0% |
| Reserves | 13 | €789,200 | €789,200 | = | 0.0% |
| Distributable reserves | 133 | €789,200 | €789,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,483 | €267,045 | +€20,561 | +8.3% |
| Amounts payable | 17/49 | €85,039 | €281,348 | +€196,309 | +231% |
| Amounts payable after more than one year | 17 | - | €173,759 | +€173,759 | |
| Financial debts | 170/4 | - | €173,759 | +€173,759 | |
| Amounts payable within one year | 42/48 | €85,039 | €107,589 | +€22,550 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | - | €42,411 | +€42,411 | |
| Trade debts | 44 | €20,227 | €31,815 | +€11,588 | +57.3% |
| Suppliers | 440/4 | €20,227 | €31,815 | +€11,588 | +57.3% |
| Taxes, remuneration and social security | 45 | €54,914 | €30,198 | -€24,716 | -45.0% |
| Taxes | 450/3 | €54,914 | €30,198 | -€24,716 | -45.0% |
| Other amounts payable | 47/48 | €9,899 | €3,165 | -€6,734 | -68.0% |
| Non-recurring operating income | 76A | €40,569 | €6,293 | -€34,276 | -84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,497 | €47,530 | +€10,032 | +26.8% |
| Other operating charges | 640/8 | €11,615 | €5,930 | -€5,685 | -48.9% |
| Gross operating margin | 9900 | €101,861 | €90,734 | -€11,126 | -10.9% |
| Operating profit (loss) | 9901 | €52,749 | €37,275 | -€15,474 | -29.3% |
| Financial income | 75/76B | €1 | €36 | +€35 | +2,401% |
| Recurring financial income | 75 | €1 | €36 | +€35 | +2,401% |
| Financial charges | 65/66B | €1,118 | €4,130 | +€3,012 | +269% |
| Recurring financial charges | 65 | €1,118 | €4,130 | +€3,012 | +269% |
| Profit (loss) for the period before taxes | 9903 | €51,632 | €33,181 | -€18,451 | -35.7% |
| Income taxes | 67/77 | €34,478 | €12,620 | -€21,858 | -63.4% |
| Profit (loss) for the period | 9904 | €17,154 | €20,561 | +€3,407 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,154 | €20,561 | +€3,407 | +19.9% |
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 19 October 2026 via checked.be.