Tero Catering: 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.
Tero Catering
Largest movements
- Receivables within one year +€326,949
up €326,949 (+158%), from €207,181 to €534,130
of which Trade receivables: +€365,930
- Tangible fixed assets -€117,247
down €117,247 (-15.3%), from €764,710 to €647,463
- Other debts +€499,248
up €499,248 (+135%), from €370,077 to €869,325
- Profit (loss) carried forward -€381,764
down €381,764 (-98.1%), from -€389,041 to -€770,805
- Trade debts +€100,867
up €100,867 (+22.3%), from €451,631 to €552,498
- Debts after one year -€81,916
down €81,916 (-18.5%), from €443,595 to €361,679
- Tax, wage and social debts +€78,402
up €78,402 (+100%), from €78,191 to €156,593
of which Taxes: +€41,634
- Gross operating margin +€481,393
up €481,393 (+283%), from €170,156 to €651,549
- Staff costs +€411,398
up €411,398 (+92.1%), from €446,668 to €858,067
- Taxes +€17,017
new in 2025: €17,017
- Depreciation -€13,101
down €13,101 (-9.3%), from €140,286 to €127,185
- Financial charges -€13,001
down €13,001 (-32.1%), from €40,474 to €27,472
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 | €1,048,396 | €1,266,060 | +€217,664 | +20.8% |
| Fixed assets | 21/28 | €777,718 | €660,471 | -€117,247 | -15.1% |
| Tangible fixed assets | 22/27 | €764,710 | €647,463 | -€117,247 | -15.3% |
| Plant, machinery and equipment | 23 | €110,009 | €98,481 | -€11,528 | -10.5% |
| Furniture and vehicles | 24 | €31,010 | €28,254 | -€2,756 | -8.9% |
| Leasing and similar rights | 25 | €184,776 | €137,875 | -€46,901 | -25.4% |
| Other tangible fixed assets | 26 | €438,916 | €382,853 | -€56,063 | -12.8% |
| Financial fixed assets | 28 | €13,008 | €13,008 | = | 0.0% |
| Current assets | 29/58 | €270,678 | €605,589 | +€334,911 | +124% |
| Stocks and contracts in progress | 3 | €41,750 | €49,251 | +€7,500 | +18.0% |
| Stocks | 30/36 | €41,750 | €49,251 | +€7,500 | +18.0% |
| Amounts receivable within one year | 40/41 | €207,181 | €534,130 | +€326,949 | +158% |
| Trade receivables | 40 | €154,913 | €520,843 | +€365,930 | +236% |
| Other amounts receivable | 41 | €52,268 | €13,287 | -€38,982 | -74.6% |
| Cash at bank and in hand | 54/58 | €12,197 | €12,531 | +€335 | +2.7% |
| Deferred charges and accrued income | 490/1 | €9,550 | €9,677 | +€128 | +1.3% |
| Total equity and liabilities | 10/49 | €1,048,396 | €1,266,060 | +€217,664 | +20.8% |
| Equity | 10/15 | -€379,041 | -€760,805 | -€381,764 | -101% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€389,041 | -€770,805 | -€381,764 | -98.1% |
| Amounts payable | 17/49 | €1,427,437 | €2,026,865 | +€599,428 | +42.0% |
| Amounts payable after more than one year | 17 | €443,595 | €361,679 | -€81,916 | -18.5% |
| Financial debts | 170/4 | €443,595 | €361,679 | -€81,916 | -18.5% |
| Amounts payable within one year | 42/48 | €983,367 | €1,658,586 | +€675,219 | +68.7% |
| Current portion of amounts payable after more than one year | 42 | €83,468 | €79,275 | -€4,193 | -5.0% |
| Financial debts | 43 | - | €895 | +€895 | |
| Credit institutions | 430/8 | - | €895 | +€895 | |
| Trade debts | 44 | €451,631 | €552,498 | +€100,867 | +22.3% |
| Suppliers | 440/4 | €451,631 | €552,498 | +€100,867 | +22.3% |
| Taxes, remuneration and social security | 45 | €78,191 | €156,593 | +€78,402 | +100% |
| Taxes | 450/3 | €1,472 | €43,106 | +€41,634 | +2,829% |
| Remuneration and social security | 454/9 | €76,719 | €113,487 | +€36,768 | +47.9% |
| Other amounts payable | 47/48 | €370,077 | €869,325 | +€499,248 | +135% |
| Accrued charges and deferred income | 492/3 | €475 | €6,600 | +€6,125 | +1,289% |
| Remuneration, social security and pensions | 62 | €446,668 | €858,067 | +€411,398 | +92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,286 | €127,185 | -€13,101 | -9.3% |
| Other operating charges | 640/8 | €920 | €3,604 | +€2,684 | +292% |
| Gross operating margin | 9900 | €170,156 | €651,549 | +€481,393 | +283% |
| Operating profit (loss) | 9901 | -€417,718 | -€337,306 | +€80,412 | +19.3% |
| Financial income | 75/76B | €1,549 | €32 | -€1,517 | -98.0% |
| Recurring financial income | 75 | €1,549 | €32 | -€1,517 | -98.0% |
| Financial charges | 65/66B | €40,474 | €27,472 | -€13,001 | -32.1% |
| Recurring financial charges | 65 | €40,474 | €27,472 | -€13,001 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€456,643 | -€364,747 | +€91,896 | +20.1% |
| Income taxes | 67/77 | - | €17,017 | +€17,017 | |
| Profit (loss) for the period | 9904 | -€456,643 | -€381,764 | +€74,879 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€456,643 | -€381,764 | +€74,879 | +16.4% |
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 27 October 2026 via checked.be.