Tereco: 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.
Tereco
Largest movements
- Receivables within one year +€84,681
up €84,681 (+60.6%), from €139,826 to €224,507
of which Trade receivables: +€84,558
- Cash -€4,352
down €4,352 (-28.9%), from €15,060 to €10,707
mainly Net result for the year (-€93,814) and Receivables within one year (-€84,681)
- Other debts +€200,541
up €200,541 (+164.9%), from €121,613 to €322,153
- Profit (loss) carried forward -€91,814
down €91,814, from €5,100 to -€86,714
- Accrued charges and deferred income -€14,009
down €14,009 (-97.1%), from €14,425 to €416
- Tax, wage and social debts -€9,694
down €9,694 (-100.0%), from €9,694 to €0
- Gross operating margin -€113,948
down €113,948, from €20,268 to -€93,680
- Other operating charges -€7,574
down €7,574 (-89.1%), from €8,502 to €928
- Write-downs -€4,299
down €4,299 (-100.0%), from €4,299 to €0
- Financial income +€1,043
new in 2025: €1,043
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 | €160,819 | €243,571 | +€82,753 | +51.5% |
| Current assets | 29/58 | €160,819 | €243,571 | +€82,753 | +51.5% |
| Amounts receivable within one year | 40/41 | €139,826 | €224,507 | +€84,681 | +60.6% |
| Trade receivables | 40 | €109,199 | €193,757 | +€84,558 | +77.4% |
| Other amounts receivable | 41 | €30,627 | €30,750 | +€124 | +0.4% |
| Cash at bank and in hand | 54/58 | €15,060 | €10,707 | -€4,352 | -28.9% |
| Deferred charges and accrued income | 490/1 | €5,933 | €8,357 | +€2,424 | +40.8% |
| Total equity and liabilities | 10/49 | €160,819 | €243,571 | +€82,753 | +51.5% |
| Equity | 10/15 | €13,300 | -€80,514 | -€93,814 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,000 | €0 | -€2,000 | -100.0% |
| Distributable reserves | 133 | €2,000 | €0 | -€2,000 | -100.0% |
| Profit (loss) carried forward | 14 | €5,100 | -€86,714 | -€91,814 | |
| Amounts payable | 17/49 | €147,518 | €324,085 | +€176,566 | +119.7% |
| Amounts payable within one year | 42/48 | €133,093 | €323,668 | +€190,575 | +143.2% |
| Trade debts | 44 | €1,786 | €1,515 | -€271 | -15.2% |
| Suppliers | 440/4 | €1,786 | €1,515 | -€271 | -15.2% |
| Taxes, remuneration and social security | 45 | €9,694 | €0 | -€9,694 | -100.0% |
| Taxes | 450/3 | €9,694 | €0 | -€9,694 | -100.0% |
| Other amounts payable | 47/48 | €121,613 | €322,153 | +€200,541 | +164.9% |
| Accrued charges and deferred income | 492/3 | €14,425 | €416 | -€14,009 | -97.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,299 | €0 | -€4,299 | -100.0% |
| Other operating charges | 640/8 | €8,502 | €928 | -€7,574 | -89.1% |
| Gross operating margin | 9900 | €20,268 | -€93,680 | -€113,948 | |
| Operating profit (loss) | 9901 | €7,467 | -€94,608 | -€102,075 | |
| Financial income | 75/76B | - | €1,043 | +€1,043 | |
| Recurring financial income | 75 | - | €1,043 | +€1,043 | |
| Financial charges | 65/66B | €259 | €248 | -€11 | -4.1% |
| Recurring financial charges | 65 | €259 | €248 | -€11 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €7,208 | -€93,814 | -€101,022 | |
| Profit (loss) for the period | 9904 | €7,208 | -€93,814 | -€101,022 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,208 | -€93,814 | -€101,022 |
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 11 October 2026 via checked.be.