TECTUM CONSTRUCTORS: 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
TECTUM CONSTRUCTORS
NACE 46.831, Wholesale of construction materials, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€490,769
2024 · €254,038-€744,807
Equity
€1.2m
2024 · €2.7m-€1.5m
Cash
€70,767
2024 · €174,951-€104,184
Balance sheet total
€10.0m
2024 · €6.7m+€3.3m
Largest movements
Assets
- Receivables within one year +€2.6m
up €2.6m (+75.2%), from €3.4m to €6.0m
of which Trade receivables: +€1.5m
- Intangible fixed assets +€2.4m
new in 2025: €2.4m
- Receivables after one year -€1.8m
down €1.8m (-100.0%), from €1.8m to €0
- Stocks and contracts +€739,207
up €739,207 (+158.4%), from €466,738 to €1.2m
- Financial fixed assets -€547,597
down €547,597 (-88.3%), from €620,310 to €72,713
of which Affiliated companies: -€550,000
Equity and liabilities
- Other debts +€2.1m
up €2.1m (+178.5%), from €1.2m to €3.2m
- Debts after one year +€1.6m
up €1.6m, from €0 to €1.6m
- Reserves -€1.5m
down €1.5m (-61.6%), from €2.4m to €935,431
of which Distributable reserves: -€1.5m
- Trade debts +€808,670
up €808,670 (+38.0%), from €2.1m to €2.9m
- Current portion of long-term debt +€478,571
new in 2025: €478,571
Income statement
- Turnover +€5.9m
up €5.9m (+38.3%), from €15.5m to €21.4m
- Goods and materials +€2.3m
up €2.3m (+23.9%), from €9.7m to €12.1m
of which Purchases: +€2.7m
- Staff costs +€1.9m
up €1.9m (+99.2%), from €1.9m to €3.7m
- Services and other goods +€1.5m
up €1.5m (+40.4%), from €3.7m to €5.1m
- Financial charges +€710,037
up €710,037 (+610.0%), from €116,407 to €826,444
of which Non-recurring financial charges: +€550,000
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
€254,038
Turnover
+€5.9m
Other operating income
+€86,611
Goods and materials
-€2.3m
Services and other goods
-€1.5m
Staff costs
-€1.9m
Depreciation
-€516,468
Write-downs
-€2,380
Provisions
+€88,510
Other operating charges
+€8,065
Other operating items
+€12,619
Financial income
-€56,599
Financial charges
-€710,037
Taxes
+€86,156
Deferred taxes and other
-€1
Result 2025
-€490,769
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
+€1.4m
Investment
-€2.5m
Financing
+€1.0m
Cash 2024
€174,951
From operations (derived)
+€1.4m
Net result for the year
-€490,769
Depreciation
+€557,981
Receivables after one year
+€1.8m
Stocks and contracts
-€739,207
Receivables within one year
-€2.6m
Deferred charges and accrued income
+€65,346
Provisions
-€13,255
Trade debts
+€808,670
Tax, wage and social debts
+€128,781
Advances received
-€189,643
Other debts
+€2.1m
Accrued charges and deferred income
-€33,963
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
+€1.0m
Debts after one year
+€1.6m
Current portion of long-term debt
+€478,571
Contributions, distributions and other
-€1.0m
Cash 2025
€70,767
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,692,014 | €10,007,399 | +€3.3m | +49.5% |
| Fixed assets | 21/28 | €765,330 | €2,757,181 | +€2.0m | +260.3% |
| Intangible fixed assets | 21 | - | €2,424,602 | +€2.4m | |
| Tangible fixed assets | 22/27 | €145,020 | €259,866 | +€114,846 | +79.2% |
| Land and buildings | 22 | €30,790 | €23,561 | -€7,229 | -23.5% |
| Plant, machinery and equipment | 23 | €61,863 | €164,164 | +€102,301 | +165.4% |
| Furniture and vehicles | 24 | €52,368 | €72,140 | +€19,772 | +37.8% |
| Financial fixed assets | 28 | €620,310 | €72,713 | -€547,597 | -88.3% |
| Affiliated companies | 280/1 | €550,000 | €0 | -€550,000 | -100.0% |
| Participating interests | 280 | €550,000 | €0 | -€550,000 | -100.0% |
| Other financial fixed assets | 284/8 | €70,310 | €72,713 | +€2,403 | +3.4% |
| Amounts receivable and cash guarantees | 285/8 | €70,310 | €72,713 | +€2,403 | +3.4% |
| Current assets | 29/58 | €5,926,684 | €7,250,218 | +€1.3m | +22.3% |
| Amounts receivable after more than one year | 29 | €1,800,341 | €0 | -€1.8m | -100.0% |
| Other amounts receivable | 291 | €1,800,341 | €0 | -€1.8m | -100.0% |
| Stocks and contracts in progress | 3 | €466,738 | €1,205,945 | +€739,207 | +158.4% |
| Stocks | 30/36 | €466,738 | €1,205,945 | +€739,207 | +158.4% |
| Raw materials and consumables | 30/31 | €466,738 | €0 | -€466,738 | -100.0% |
| Goods purchased for resale | 34 | - | €1,205,945 | +€1.2m | |
| Advance payments | 36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,396,523 | €5,950,720 | +€2.6m | +75.2% |
| Trade receivables | 40 | €3,069,856 | €4,581,139 | +€1.5m | +49.2% |
| Other amounts receivable | 41 | €326,666 | €1,369,581 | +€1.0m | +319.3% |
| Cash at bank and in hand | 54/58 | €174,951 | €70,767 | -€104,184 | -59.6% |
| Deferred charges and accrued income | 490/1 | €88,132 | €22,786 | -€65,346 | -74.1% |
| Total equity and liabilities | 10/49 | €6,692,014 | €10,007,399 | +€3.3m | +49.5% |
| Equity | 10/15 | €2,702,452 | €1,200,996 | -€1.5m | -55.6% |
| Contributions | 10/11 | €265,565 | €265,565 | +€0 | 0.0% |
| Reserves | 13 | €2,436,888 | €935,431 | -€1.5m | -61.6% |
| Tax-exempt reserves | 132 | €43,389 | €43,389 | -€0 | 0.0% |
| Distributable reserves | 133 | €2,393,498 | €892,042 | -€1.5m | -62.7% |
| Provisions and deferred taxes | 16 | €262,755 | €249,500 | -€13,255 | -5.0% |
| Provisions for liabilities and charges | 160/5 | €262,755 | €249,500 | -€13,255 | -5.0% |
| Other liabilities and charges | 164/5 | €262,755 | €249,500 | -€13,255 | -5.0% |
| Amounts payable | 17/49 | €3,726,807 | €8,556,903 | +€4.8m | +129.6% |
| Amounts payable after more than one year | 17 | €0 | €1,555,357 | +€1.6m | |
| Financial debts | 170/4 | €0 | €1,555,357 | +€1.6m | |
| Credit institutions | 173 | - | €1,555,357 | +€1.6m | |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,680,265 | €6,988,967 | +€3.3m | +89.9% |
| Current portion of amounts payable after more than one year | 42 | - | €478,571 | +€478,571 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,125,984 | €2,934,654 | +€808,670 | +38.0% |
| Suppliers | 440/4 | €2,125,984 | €2,934,654 | +€808,670 | +38.0% |
| Advances received on contracts in progress | 46 | €268,434 | €78,791 | -€189,643 | -70.6% |
| Taxes, remuneration and social security | 45 | €119,391 | €248,172 | +€128,781 | +107.9% |
| Taxes | 450/3 | €433 | €6,872 | +€6,439 | +1486.8% |
| Remuneration and social security | 454/9 | €118,958 | €241,300 | +€122,342 | +102.8% |
| Other amounts payable | 47/48 | €1,166,455 | €3,248,779 | +€2.1m | +178.5% |
| Accrued charges and deferred income | 492/3 | €46,542 | €12,579 | -€33,963 | -73.0% |
| Operating income | 70/76A | €15,831,784 | €21,856,092 | +€6.0m | +38.1% |
| Turnover | 70 | €15,496,928 | €21,429,344 | +€5.9m | +38.3% |
| Other operating income | 74 | €316,752 | €403,363 | +€86,611 | +27.3% |
| Non-recurring operating income | 76A | €18,104 | €23,385 | +€5,281 | +29.2% |
| Operating charges | 60/66A | €15,422,450 | €21,511,084 | +€6.1m | +39.5% |
| Goods for resale, raw materials and consumables | 60 | €9,734,760 | €12,063,695 | +€2.3m | +23.9% |
| Purchases | 600/8 | €9,589,117 | €12,242,518 | +€2.7m | +27.7% |
| Change in stocks: decrease (increase) | 609 | €145,643 | -€178,823 | -€324,466 | |
| Services and other goods | 61 | €3,658,806 | €5,136,403 | +€1.5m | +40.4% |
| Remuneration, social security and pensions | 62 | €1,882,800 | €3,749,968 | +€1.9m | +99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,513 | €557,981 | +€516,468 | +1244.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,380 | €0 | +€2,380 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €75,255 | -€13,255 | -€88,510 | |
| Other operating charges | 640/8 | €24,358 | €16,293 | -€8,065 | -33.1% |
| Non-recurring operating charges | 66A | €7,337 | €0 | -€7,337 | -100.0% |
| Operating profit (loss) | 9901 | €409,334 | €345,008 | -€64,326 | -15.7% |
| Financial income | 75/76B | €70,718 | €14,119 | -€56,599 | -80.0% |
| Recurring financial income | 75 | €70,718 | €14,119 | -€56,599 | -80.0% |
| Income from current assets | 751 | €70,704 | €11,376 | -€59,328 | -83.9% |
| Other financial income | 752/9 | €13 | €2,743 | +€2,730 | +20477.6% |
| Financial charges | 65/66B | €116,407 | €826,444 | +€710,037 | +610.0% |
| Recurring financial charges | 65 | €116,407 | €276,444 | +€160,037 | +137.5% |
| Debt charges | 650 | €93,835 | €235,056 | +€141,221 | +150.5% |
| Other financial charges | 652/9 | €22,572 | €41,388 | +€18,816 | +83.4% |
| Non-recurring financial charges | 66B | - | €550,000 | +€550,000 | |
| Profit (loss) for the period before taxes | 9903 | €363,645 | -€467,317 | -€830,962 | |
| Income taxes | 67/77 | €109,607 | €23,451 | -€86,156 | -78.6% |
| Taxes | 670/3 | €149,381 | €42,693 | -€106,688 | -71.4% |
| Tax adjustments and reversals of tax provisions | 77 | €39,774 | €19,242 | -€20,532 | -51.6% |
| Profit (loss) for the period | 9904 | €254,038 | -€490,769 | -€744,807 | |
| Profit (loss) for the period to be appropriated | 9905 | €254,038 | -€490,769 | -€744,807 |
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 1 October 2026 via checked.be.