TECTUM PLUS: 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 PLUS
NACE 43.320, Joinery installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.2m
2024 · -€266,558-€888,954
Equity
-€1.4m
2024 · -€216,830-€1.2m
Cash
€20,760
2024 · €21,932-€1,172
Balance sheet total
€3.2m
2024 · €3.6m-€394,970
Largest movements
Assets
- Stocks and contracts -€240,126
down €240,126 (-25.6%), from €939,738 to €699,612
- Receivables within one year -€157,088
down €157,088 (-6.1%), from €2.6m to €2.4m
of which Trade receivables: -€415,730
Equity and liabilities
- Profit (loss) carried forward -€1.2m
down €1.2m (-433.5%), from -€266,558 to -€1.4m
- Other debts +€679,656
up €679,656 (+71.1%), from €955,638 to €1.6m
- Trade debts +€281,865
up €281,865 (+40.3%), from €699,572 to €981,437
- Advances received -€92,390
down €92,390 (-48.8%), from €189,269 to €96,880
- Accrued charges and deferred income -€80,782
down €80,782 (-86.6%), from €93,249 to €12,467
Income statement
- Turnover -€872,357
down €872,357 (-15.1%), from €5.8m to €4.9m
- Gross operating margin -€668,407
down €668,407 (-77.6%), from €861,762 to €193,355
- Purchases and services -€223,363
down €223,363 (-4.4%), from €5.1m to €4.9m
- Write-downs +€147,738
up €147,738, from -€19,300 to €128,438
- Staff costs +€105,116
up €105,116 (+10.5%), from €1.0m to €1.1m
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
-€266,558
Gross operating margin
-€668,407
Staff costs
-€105,116
Depreciation
-€1,767
Write-downs
-€147,738
Provisions
+€37,500
Other operating charges
+€20,126
Other operating items
+€150
Financial income
+€1,979
Financial charges
-€26,089
Taxes
+€409
Result 2025
-€1.2m
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
+€16,671
Investment
-€17,843
Financing
€0
Cash 2024
€21,932
From operations (derived)
+€16,671
Net result for the year
-€1.2m
Depreciation
+€13,351
Stocks and contracts
+€240,126
Receivables within one year
+€157,088
Smaller working-capital items
+€770
Provisions
-€27,500
Trade debts
+€281,865
Advances received
-€92,390
Other debts
+€679,656
Accrued charges and deferred income
-€80,782
Investment (derived)
-€17,843
Investment in fixed assets (net)
-€17,843
Cash 2025
€20,760
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,568,260 | €3,173,290 | -€394,970 | -11.1% |
| Fixed assets | 21/28 | €23,373 | €27,865 | +€4,492 | +19.2% |
| Tangible fixed assets | 22/27 | €23,373 | €27,865 | +€4,492 | +19.2% |
| Land and buildings | 22 | €2,450 | €1,950 | -€500 | -20.4% |
| Plant, machinery and equipment | 23 | €4,582 | €2,588 | -€1,993 | -43.5% |
| Furniture and vehicles | 24 | €16,341 | €23,327 | +€6,986 | +42.7% |
| Current assets | 29/58 | €3,544,887 | €3,145,425 | -€399,462 | -11.3% |
| Stocks and contracts in progress | 3 | €939,738 | €699,612 | -€240,126 | -25.6% |
| Stocks | 30/36 | €939,738 | €699,612 | -€240,126 | -25.6% |
| Amounts receivable within one year | 40/41 | €2,578,155 | €2,421,067 | -€157,088 | -6.1% |
| Trade receivables | 40 | €2,159,625 | €1,743,895 | -€415,730 | -19.3% |
| Other amounts receivable | 41 | €418,531 | €677,172 | +€258,642 | +61.8% |
| Cash at bank and in hand | 54/58 | €21,932 | €20,760 | -€1,172 | -5.3% |
| Deferred charges and accrued income | 490/1 | €5,061 | €3,985 | -€1,076 | -21.3% |
| Total equity and liabilities | 10/49 | €3,568,260 | €3,173,290 | -€394,970 | -11.1% |
| Equity | 10/15 | -€216,830 | -€1,372,343 | -€1.2m | -532.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €18,728 | €18,728 | = | 0.0% |
| Distributable reserves | 133 | €18,728 | €18,728 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€266,558 | -€1,422,070 | -€1.2m | -433.5% |
| Provisions and deferred taxes | 16 | €247,000 | €219,500 | -€27,500 | -11.1% |
| Provisions for liabilities and charges | 160/5 | €247,000 | €219,500 | -€27,500 | -11.1% |
| Environmental obligations | 163 | €247,000 | €219,500 | -€27,500 | -11.1% |
| Amounts payable | 17/49 | €3,538,090 | €4,326,133 | +€788,042 | +22.3% |
| Amounts payable after more than one year | 17 | €1,500,000 | €1,500,000 | = | 0.0% |
| Financial debts | 170/4 | €1,500,000 | €1,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,944,841 | €2,813,666 | +€868,825 | +44.7% |
| Trade debts | 44 | €699,572 | €981,437 | +€281,865 | +40.3% |
| Suppliers | 440/4 | €699,572 | €981,437 | +€281,865 | +40.3% |
| Advances received on contracts in progress | 46 | €189,269 | €96,880 | -€92,390 | -48.8% |
| Taxes, remuneration and social security | 45 | €100,362 | €100,056 | -€306 | -0.3% |
| Taxes | 450/3 | €555 | €2,063 | +€1,508 | +271.7% |
| Remuneration and social security | 454/9 | €99,807 | €97,993 | -€1,814 | -1.8% |
| Other amounts payable | 47/48 | €955,638 | €1,635,294 | +€679,656 | +71.1% |
| Accrued charges and deferred income | 492/3 | €93,249 | €12,467 | -€80,782 | -86.6% |
| Turnover | 70 | €5,760,497 | €4,888,141 | -€872,357 | -15.1% |
| Non-recurring operating income | 76A | €30,382 | €19,997 | -€10,385 | -34.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,091,214 | €4,867,851 | -€223,363 | -4.4% |
| Remuneration, social security and pensions | 62 | €1,004,544 | €1,109,660 | +€105,116 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,584 | €13,351 | +€1,767 | +15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,300 | €128,438 | +€147,738 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,000 | -€27,500 | -€37,500 | |
| Other operating charges | 640/8 | €25,367 | €5,241 | -€20,126 | -79.3% |
| Non-recurring operating charges | 66A | €194 | €44 | -€150 | -77.3% |
| Gross operating margin | 9900 | €861,762 | €193,355 | -€668,407 | -77.6% |
| Operating profit (loss) | 9901 | -€170,627 | -€1,035,880 | -€865,252 | -507.1% |
| Financial income | 75/76B | €5,220 | €7,199 | +€1,979 | +37.9% |
| Recurring financial income | 75 | €5,220 | €7,199 | +€1,979 | +37.9% |
| Financial charges | 65/66B | €99,651 | €125,740 | +€26,089 | +26.2% |
| Recurring financial charges | 65 | €99,651 | €125,740 | +€26,089 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | -€265,058 | -€1,154,421 | -€889,363 | -335.5% |
| Income taxes | 67/77 | €1,500 | €1,091 | -€409 | -27.3% |
| Profit (loss) for the period | 9904 | -€266,558 | -€1,155,512 | -€888,954 | -333.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€266,558 | -€1,155,512 | -€888,954 | -333.5% |
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 7 October 2026 via checked.be.