TERCIENCO: 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.
TERCIENCO
Largest movements
- Receivables within one year +€5,943
up €5,943 (+152%), from €3,906 to €9,849
- Cash +€1,879
up €1,879 (+9.6%), from €19,638 to €21,517
mainly Tax, wage and social debts (+€4,603) and Net result for the year (+€2,985)
- Tangible fixed assets +€1,115
new in 2025: €1,115
- Tax, wage and social debts +€4,603
up €4,603 (+172%), from €2,684 to €7,287
- Reserves +€2,055
up €2,055 (+18.6%), from €11,057 to €13,113
of which Distributable reserves: +€4,055
- Trade debts +€1,349
new in 2025: €1,349
- Other debts +€833
new in 2025: €833
- Gross operating margin +€4,039
up €4,039 (+460%), from €878 to €4,917
- Taxes +€1,001
up €1,001 (+2,249%), from €45 to €1,046
- Other operating charges +€235
up €235 (+41.2%), from €569 to €804
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 | €23,644 | €32,582 | +€8,938 | +37.8% |
| Fixed assets | 21/28 | - | €1,115 | +€1,115 | |
| Tangible fixed assets | 22/27 | - | €1,115 | +€1,115 | |
| Furniture and vehicles | 24 | - | €1,115 | +€1,115 | |
| Current assets | 29/58 | €23,644 | €31,467 | +€7,823 | +33.1% |
| Amounts receivable within one year | 40/41 | €3,906 | €9,849 | +€5,943 | +152% |
| Trade receivables | 40 | €3,906 | €9,849 | +€5,943 | +152% |
| Cash at bank and in hand | 54/58 | €19,638 | €21,517 | +€1,879 | +9.6% |
| Deferred charges and accrued income | 490/1 | €100 | €100 | = | 0.0% |
| Total equity and liabilities | 10/49 | €23,644 | €32,582 | +€8,938 | +37.8% |
| Equity | 10/15 | €20,960 | €23,113 | +€2,152 | +10.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €11,057 | €13,113 | +€2,055 | +18.6% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Distributable reserves | 133 | €9,057 | €13,113 | +€4,055 | +44.8% |
| Profit (loss) carried forward | 14 | -€97 | €0 | +€97 | |
| Amounts payable | 17/49 | €2,684 | €9,469 | +€6,785 | +253% |
| Amounts payable within one year | 42/48 | €2,684 | €9,469 | +€6,785 | +253% |
| Trade debts | 44 | - | €1,349 | +€1,349 | |
| Suppliers | 440/4 | - | €1,349 | +€1,349 | |
| Taxes, remuneration and social security | 45 | €2,684 | €7,287 | +€4,603 | +172% |
| Taxes | 450/3 | €2,684 | €7,287 | +€4,603 | +172% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Other operating charges | 640/8 | €569 | €804 | +€235 | +41.2% |
| Gross operating margin | 9900 | €878 | €4,917 | +€4,039 | +460% |
| Operating profit (loss) | 9901 | €309 | €4,113 | +€3,804 | +1,231% |
| Financial charges | 65/66B | €80 | €82 | +€1 | +1.7% |
| Recurring financial charges | 65 | €80 | €82 | +€1 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €229 | €4,031 | +€3,803 | +1,663% |
| Income taxes | 67/77 | €45 | €1,046 | +€1,001 | +2,249% |
| Profit (loss) for the period | 9904 | €184 | €2,985 | +€2,801 | +1,522% |
| Profit (loss) for the period to be appropriated | 9905 | €184 | €2,985 | +€2,801 | +1,522% |
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 24 October 2026 via checked.be.