TERGECO: 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.
TERGECO
Largest movements
- Receivables within one year -€204,766
down €204,766 (-7.0%), from €2.9m to €2.7m
of which Other amounts receivable: -€175,966
- Short-term financial debts -€2.4m
down €2.4m (-100.0%), from €2.4m to €1,075
- Other debts +€2.2m
up €2.2m (+402%), from €547,111 to €2.7m
- Gross operating margin -€112,093
down €112,093 (-63.0%), from €177,864 to €65,771
- Financial charges -€109,862
down €109,862 (-63.5%), from €173,047 to €63,185
- Staff costs -€93,686
no longer reported in 2025 (was €93,686)
- Financial income -€89,375
no longer reported in 2025 (was €89,375)
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 | €4,153,683 | €3,969,949 | -€183,734 | -4.4% |
| Current assets | 29/58 | €4,153,683 | €3,969,949 | -€183,734 | -4.4% |
| Stocks and contracts in progress | 3 | €1,042,858 | €1,066,692 | +€23,834 | +2.3% |
| Stocks | 30/36 | €1,042,858 | €1,066,692 | +€23,834 | +2.3% |
| Amounts receivable within one year | 40/41 | €2,924,664 | €2,719,898 | -€204,766 | -7.0% |
| Trade receivables | 40 | €92,846 | €64,046 | -€28,800 | -31.0% |
| Other amounts receivable | 41 | €2,831,818 | €2,655,852 | -€175,966 | -6.2% |
| Cash at bank and in hand | 54/58 | €3,204 | €403 | -€2,801 | -87.4% |
| Deferred charges and accrued income | 490/1 | €182,956 | €182,956 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,153,683 | €3,969,949 | -€183,734 | -4.4% |
| Equity | 10/15 | €1,048,175 | €1,049,652 | +€1,477 | +0.1% |
| Contributions | 10/11 | €300,080 | €300,080 | = | 0.0% |
| Contributions outside capital | 11 | €300,080 | €300,080 | = | 0.0% |
| Other | 1109/19 | €300,080 | €300,080 | = | 0.0% |
| Reserves | 13 | €747,741 | €749,218 | +€1,477 | +0.2% |
| Distributable reserves | 133 | €747,741 | €749,218 | +€1,477 | +0.2% |
| Profit (loss) carried forward | 14 | €354 | €354 | = | 0.0% |
| Amounts payable | 17/49 | €3,105,508 | €2,920,297 | -€185,211 | -6.0% |
| Amounts payable within one year | 42/48 | €2,937,589 | €2,752,378 | -€185,211 | -6.3% |
| Financial debts | 43 | €2,371,622 | €1,075 | -€2.4m | -100.0% |
| Credit institutions | 430/8 | €2,371,622 | €1,075 | -€2.4m | -100.0% |
| Trade debts | 44 | €2,390 | €4,460 | +€2,070 | +86.6% |
| Suppliers | 440/4 | €2,390 | €4,460 | +€2,070 | +86.6% |
| Taxes, remuneration and social security | 45 | €16,465 | €756 | -€15,709 | -95.4% |
| Taxes | 450/3 | €554 | €756 | +€203 | +36.6% |
| Remuneration and social security | 454/9 | €15,912 | - | -€15,912 | |
| Other amounts payable | 47/48 | €547,111 | €2,746,088 | +€2.2m | +402% |
| Accrued charges and deferred income | 492/3 | €167,919 | €167,919 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €93,686 | - | -€93,686 | |
| Other operating charges | 640/8 | €26 | €352 | +€327 | +1,277% |
| Gross operating margin | 9900 | €177,864 | €65,771 | -€112,093 | -63.0% |
| Operating profit (loss) | 9901 | €84,153 | €65,419 | -€18,734 | -22.3% |
| Financial income | 75/76B | €89,375 | - | -€89,375 | |
| Recurring financial income | 75 | €89,375 | - | -€89,375 | |
| Financial charges | 65/66B | €173,047 | €63,185 | -€109,862 | -63.5% |
| Recurring financial charges | 65 | €173,047 | €63,185 | -€109,862 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €480 | €2,234 | +€1,753 | +365% |
| Income taxes | 67/77 | €437 | €756 | +€320 | +73.2% |
| Profit (loss) for the period | 9904 | €44 | €1,477 | +€1,433 | +3,276% |
| Profit (loss) for the period to be appropriated | 9905 | €44 | €1,477 | +€1,433 | +3,276% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.