TECTUM CONSULT: 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 CONSULT
Largest movements
- Receivables within one year -€8,744
down €8,744 (-37.9%), from €23,094 to €14,350
of which Trade receivables: -€8,150
- Cash -€4,587
down €4,587 (-76.1%), from €6,030 to €1,443
mainly Contributions, distributions and other (-€70,000) and Trade debts (-€27,251)
- Other debts +€59,260
up €59,260 (+344%), from €17,206 to €76,466
- Reserves -€33,615
down €33,615 (-65.1%), from €51,626 to €18,011
- Trade debts -€27,251
down €27,251 (-100%), from €27,251 to €0
- Debts after one year -€24,781
down €24,781 (-18.2%), from €136,352 to €111,571
- Tax, wage and social debts +€12,696
up €12,696 (+1,440%), from €882 to €13,578
- Gross operating margin +€18,359
up €18,359 (+55.8%), from €32,910 to €51,270
- Taxes +€6,869
up €6,869 (+111%), from €6,164 to €13,033
- Financial charges -€796
down €796 (-36.4%), from €2,184 to €1,388
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 | €277,680 | €264,406 | -€13,274 | -4.8% |
| Fixed assets | 21/28 | €248,500 | €248,500 | = | 0.0% |
| Financial fixed assets | 28 | €248,500 | €248,500 | = | 0.0% |
| Current assets | 29/58 | €29,180 | €15,906 | -€13,274 | -45.5% |
| Amounts receivable within one year | 40/41 | €23,094 | €14,350 | -€8,744 | -37.9% |
| Trade receivables | 40 | €22,500 | €14,350 | -€8,150 | -36.2% |
| Other amounts receivable | 41 | €594 | €0 | -€594 | -100% |
| Cash at bank and in hand | 54/58 | €6,030 | €1,443 | -€4,587 | -76.1% |
| Deferred charges and accrued income | 490/1 | €56 | €113 | +€57 | +100% |
| Total equity and liabilities | 10/49 | €277,680 | €264,406 | -€13,274 | -4.8% |
| Equity | 10/15 | €71,626 | €38,011 | -€33,615 | -46.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €51,626 | €18,011 | -€33,615 | -65.1% |
| Distributable reserves | 133 | €51,626 | €18,011 | -€33,615 | -65.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €206,055 | €226,395 | +€20,340 | +9.9% |
| Amounts payable after more than one year | 17 | €136,352 | €111,571 | -€24,781 | -18.2% |
| Financial debts | 170/4 | €136,352 | €111,571 | -€24,781 | -18.2% |
| Amounts payable within one year | 42/48 | €69,703 | €114,824 | +€45,121 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | €24,365 | €24,781 | +€416 | +1.7% |
| Trade debts | 44 | €27,251 | €0 | -€27,251 | -100% |
| Suppliers | 440/4 | €27,251 | €0 | -€27,251 | -100% |
| Taxes, remuneration and social security | 45 | €882 | €13,578 | +€12,696 | +1,440% |
| Taxes | 450/3 | €882 | €13,578 | +€12,696 | +1,440% |
| Other amounts payable | 47/48 | €17,206 | €76,466 | +€59,260 | +344% |
| Other operating charges | 640/8 | €513 | €465 | -€48 | -9.3% |
| Gross operating margin | 9900 | €32,910 | €51,270 | +€18,359 | +55.8% |
| Operating profit (loss) | 9901 | €32,397 | €50,804 | +€18,407 | +56.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,184 | €1,388 | -€796 | -36.4% |
| Recurring financial charges | 65 | €2,184 | €1,388 | -€796 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €30,213 | €49,418 | +€19,205 | +63.6% |
| Income taxes | 67/77 | €6,164 | €13,033 | +€6,869 | +111% |
| Profit (loss) for the period | 9904 | €24,049 | €36,385 | +€12,336 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,049 | €36,385 | +€12,336 | +51.3% |
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.