Tergofit: 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.
Tergofit
Largest movements
- Stocks and contracts -€41,765
down €41,765 (-37.7%), from €110,648 to €68,883
- Receivables within one year +€38,724
up €38,724 (+52.4%), from €73,872 to €112,596
of which Trade receivables: +€40,053
- Cash +€29,782
up €29,782 (+104%), from €28,611 to €58,394
mainly Stocks and contracts (+€41,765) and Depreciation (+€13,075)
- Tangible fixed assets -€10,525
down €10,525 (-33.0%), from €31,849 to €21,324
of which Furniture and vehicles: -€6,263
- Trade debts +€5,580
up €5,580 (+5.6%), from €98,884 to €104,464
- Tax, wage and social debts +€3,603
up €3,603 (+42.6%), from €8,452 to €12,056
of which Taxes: +€3,603
- Reserves +€3,038
up €3,038 (+3.1%), from €98,377 to €101,415
- Gross operating margin +€30,479
up €30,479 (+1,220%), from €2,497 to €32,976
- Financial income -€10,987
down €10,987 (-95.9%), from €11,457 to €471
- Write-downs +€7,089
new in 2025: €7,089
- Financial charges +€3,694
up €3,694 (+103%), from €3,596 to €7,290
- Taxes +€1,615
up €1,615 (+650%), from €249 to €1,864
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 | €249,315 | €264,834 | +€15,519 | +6.2% |
| Fixed assets | 21/28 | €34,721 | €21,646 | -€13,075 | -37.7% |
| Intangible fixed assets | 21 | €2,872 | €322 | -€2,550 | -88.8% |
| Tangible fixed assets | 22/27 | €31,849 | €21,324 | -€10,525 | -33.0% |
| Plant, machinery and equipment | 23 | €16,630 | €12,368 | -€4,263 | -25.6% |
| Furniture and vehicles | 24 | €15,219 | €8,956 | -€6,263 | -41.1% |
| Current assets | 29/58 | €214,595 | €243,188 | +€28,594 | +13.3% |
| Stocks and contracts in progress | 3 | €110,648 | €68,883 | -€41,765 | -37.7% |
| Stocks | 30/36 | €110,648 | €68,883 | -€41,765 | -37.7% |
| Amounts receivable within one year | 40/41 | €73,872 | €112,596 | +€38,724 | +52.4% |
| Trade receivables | 40 | €63,665 | €103,718 | +€40,053 | +62.9% |
| Other amounts receivable | 41 | €10,207 | €8,878 | -€1,329 | -13.0% |
| Cash at bank and in hand | 54/58 | €28,611 | €58,394 | +€29,782 | +104% |
| Deferred charges and accrued income | 490/1 | €1,463 | €3,316 | +€1,853 | +127% |
| Total equity and liabilities | 10/49 | €249,315 | €264,834 | +€15,519 | +6.2% |
| Equity | 10/15 | €116,977 | €120,015 | +€3,038 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,377 | €101,415 | +€3,038 | +3.1% |
| Distributable reserves | 133 | €98,377 | €101,415 | +€3,038 | +3.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €132,338 | €144,819 | +€12,480 | +9.4% |
| Amounts payable within one year | 42/48 | €132,338 | €143,049 | +€10,711 | +8.1% |
| Financial debts | 43 | €0 | €1,533 | +€1,533 | |
| Credit institutions | 430/8 | €0 | €1,533 | +€1,533 | |
| Trade debts | 44 | €98,884 | €104,464 | +€5,580 | +5.6% |
| Suppliers | 440/4 | €98,884 | €104,464 | +€5,580 | +5.6% |
| Taxes, remuneration and social security | 45 | €8,452 | €12,056 | +€3,603 | +42.6% |
| Taxes | 450/3 | €8,452 | €12,056 | +€3,603 | +42.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,002 | €24,997 | -€5 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,770 | +€1,770 | |
| Non-recurring operating income | 76A | €220 | €0 | -€220 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,064 | €13,075 | +€10 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,089 | +€7,089 | |
| Other operating charges | 640/8 | €1,646 | €1,090 | -€556 | -33.8% |
| Gross operating margin | 9900 | €2,497 | €32,976 | +€30,479 | +1,220% |
| Operating profit (loss) | 9901 | -€12,213 | €11,722 | +€23,935 | |
| Financial income | 75/76B | €11,457 | €471 | -€10,987 | -95.9% |
| Recurring financial income | 75 | €11,457 | €471 | -€10,987 | -95.9% |
| Financial charges | 65/66B | €3,596 | €7,290 | +€3,694 | +103% |
| Recurring financial charges | 65 | €3,596 | €7,290 | +€3,694 | +103% |
| Profit (loss) for the period before taxes | 9903 | -€4,352 | €4,902 | +€9,254 | |
| Income taxes | 67/77 | €249 | €1,864 | +€1,615 | +650% |
| Profit (loss) for the period | 9904 | -€4,600 | €3,038 | +€7,639 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,600 | €3,038 | +€7,639 |
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 15 October 2026 via checked.be.