Tectum Management: 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 Management
Largest movements
- Cash +€119,294
up €119,294 (+175.5%), from €67,985 to €187,279
mainly Net result for the year (+€219,326) and Other debts (+€212,476)
- Current investments -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Receivables within one year +€30,773
up €30,773 (+101.7%), from €30,250 to €61,023
of which Other amounts receivable: +€30,773
- Other debts +€212,476
up €212,476 (+885316.7%), from €24 to €212,500
- Debts after one year -€72,642
no longer reported in 2025 (was €72,642)
- Tax, wage and social debts -€52,125
down €52,125 (-42.4%), from €122,979 to €70,854
of which Taxes: -€56,125
- Reserves -€25,000
down €25,000 (-7.1%), from €350,000 to €325,000
- Current portion of long-term debt -€11,445
no longer reported in 2025 (was €11,445)
- Gross operating margin -€87,722
down €87,722 (-23.3%), from €376,173 to €288,451
- Taxes -€30,078
down €30,078 (-29.6%), from €101,784 to €71,706
- Financial income +€10,182
new in 2025: €10,182
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €582,788 | €627,220 | +€44,432 | +7.6% |
| Fixed assets | 21/28 | €184,444 | €178,919 | -€5,525 | -3.0% |
| Tangible fixed assets | 22/27 | €179,754 | €174,229 | -€5,525 | -3.1% |
| Land and buildings | 22 | €179,754 | €174,229 | -€5,525 | -3.1% |
| Financial fixed assets | 28 | €4,690 | €4,690 | = | 0.0% |
| Current assets | 29/58 | €398,345 | €448,302 | +€49,957 | +12.5% |
| Amounts receivable within one year | 40/41 | €30,250 | €61,023 | +€30,773 | +101.7% |
| Trade receivables | 40 | €30,250 | €30,250 | = | 0.0% |
| Other amounts receivable | 41 | - | €30,773 | +€30,773 | |
| Current investments | 50/53 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €67,985 | €187,279 | +€119,294 | +175.5% |
| Deferred charges and accrued income | 490/1 | €110 | - | -€110 | |
| Total equity and liabilities | 10/49 | €582,788 | €627,220 | +€44,432 | +7.6% |
| Equity | 10/15 | €369,831 | €339,158 | -€30,674 | -8.3% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €350,000 | €325,000 | -€25,000 | -7.1% |
| Distributable reserves | 133 | €350,000 | €325,000 | -€25,000 | -7.1% |
| Profit (loss) carried forward | 14 | €5,831 | €158 | -€5,674 | -97.3% |
| Amounts payable | 17/49 | €212,957 | €288,063 | +€75,106 | +35.3% |
| Amounts payable after more than one year | 17 | €72,642 | - | -€72,642 | |
| Financial debts | 170/4 | €72,642 | - | -€72,642 | |
| Amounts payable within one year | 42/48 | €139,015 | €288,063 | +€149,047 | +107.2% |
| Current portion of amounts payable after more than one year | 42 | €11,445 | - | -€11,445 | |
| Trade debts | 44 | €4,568 | €4,709 | +€141 | +3.1% |
| Suppliers | 440/4 | €4,568 | €4,709 | +€141 | +3.1% |
| Taxes, remuneration and social security | 45 | €122,979 | €70,854 | -€52,125 | -42.4% |
| Taxes | 450/3 | €122,979 | €66,854 | -€56,125 | -45.6% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €24 | €212,500 | +€212,476 | +885316.7% |
| Accrued charges and deferred income | 492/3 | €1,300 | - | -€1,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,520 | €5,525 | +€5 | +0.1% |
| Other operating charges | 640/8 | €1,441 | €2,023 | +€583 | +40.4% |
| Gross operating margin | 9900 | €376,173 | €288,451 | -€87,722 | -23.3% |
| Operating profit (loss) | 9901 | €369,213 | €280,902 | -€88,310 | -23.9% |
| Financial income | 75/76B | - | €10,182 | +€10,182 | |
| Recurring financial income | 75 | - | €10,182 | +€10,182 | |
| Financial charges | 65/66B | €1,587 | €52 | -€1,535 | -96.7% |
| Recurring financial charges | 65 | €1,587 | €52 | -€1,535 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | €367,625 | €291,032 | -€76,593 | -20.8% |
| Income taxes | 67/77 | €101,784 | €71,706 | -€30,078 | -29.6% |
| Profit (loss) for the period | 9904 | €265,841 | €219,326 | -€46,515 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €265,841 | €219,326 | -€46,515 | -17.5% |
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 12 October 2026 via checked.be.