TERTIUM GROUP: 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.
TERTIUM GROUP
Largest movements
- Receivables within one year +€11,372
up €11,372 (+10.0%), from €114,009 to €125,381
of which Other amounts receivable: +€64,804
- Financial fixed assets +€5,000
up €5,000 (+2,092%), from €239 to €5,239
- Profit (loss) carried forward +€61,165
up €61,165, from -€2,149 to €59,016
- Trade debts -€48,581
down €48,581 (-59.6%), from €81,450 to €32,869
- Other debts +€12,547
up €12,547 (+79.9%), from €15,710 to €28,257
- Tax, wage and social debts -€3,808
down €3,808 (-23.4%), from €16,266 to €12,458
of which Taxes: -€5,523
- Debts after one year -€2,141
no longer reported in 2025 (was €2,141)
- Gross operating margin +€132,761
up €132,761 (+2,000%), from €6,637 to €139,398
- Taxes +€19,088
up €19,088 (+12,231%), from €156 to €19,244
- Staff costs +€2,898
up €2,898 (+10.4%), from €27,979 to €30,877
- Financial income -€2,502
down €2,502 (-79.1%), from €3,163 to €661
of which Non-recurring financial income: -€2,799
- Financial charges -€1,476
down €1,476 (-35.8%), from €4,129 to €2,653
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 | €137,328 | €154,549 | +€17,221 | +12.5% |
| Fixed assets | 21/28 | €608 | €6,289 | +€5,681 | +935% |
| Tangible fixed assets | 22/27 | €369 | €1,050 | +€681 | +185% |
| Furniture and vehicles | 24 | €369 | €1,050 | +€681 | +185% |
| Financial fixed assets | 28 | €239 | €5,239 | +€5,000 | +2,092% |
| Current assets | 29/58 | €136,720 | €148,260 | +€11,539 | +8.4% |
| Stocks and contracts in progress | 3 | €5,850 | €5,850 | = | 0.0% |
| Stocks | 30/36 | €5,850 | €5,850 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €114,009 | €125,381 | +€11,372 | +10.0% |
| Trade receivables | 40 | €106,498 | €53,067 | -€53,431 | -50.2% |
| Other amounts receivable | 41 | €7,511 | €72,314 | +€64,804 | +863% |
| Cash at bank and in hand | 54/58 | €15,373 | €14,518 | -€855 | -5.6% |
| Deferred charges and accrued income | 490/1 | €1,489 | €2,511 | +€1,022 | +68.7% |
| Total equity and liabilities | 10/49 | €137,328 | €154,549 | +€17,221 | +12.5% |
| Equity | 10/15 | €16,451 | €77,616 | +€61,165 | +372% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,149 | €59,016 | +€61,165 | |
| Amounts payable | 17/49 | €120,877 | €76,932 | -€43,944 | -36.4% |
| Amounts payable after more than one year | 17 | €2,141 | - | -€2,141 | |
| Financial debts | 170/4 | €2,141 | - | -€2,141 | |
| Amounts payable within one year | 42/48 | €117,535 | €75,725 | -€41,810 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €4,109 | €2,141 | -€1,968 | -47.9% |
| Trade debts | 44 | €81,450 | €32,869 | -€48,581 | -59.6% |
| Suppliers | 440/4 | €81,450 | €32,869 | -€48,581 | -59.6% |
| Taxes, remuneration and social security | 45 | €16,266 | €12,458 | -€3,808 | -23.4% |
| Taxes | 450/3 | €13,668 | €8,144 | -€5,523 | -40.4% |
| Remuneration and social security | 454/9 | €2,598 | €4,313 | +€1,715 | +66.0% |
| Other amounts payable | 47/48 | €15,710 | €28,257 | +€12,547 | +79.9% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,207 | +€7 | +0.6% |
| Non-recurring operating income | 76A | €915 | - | -€915 | |
| Remuneration, social security and pensions | 62 | €27,979 | €30,877 | +€2,898 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €653 | €401 | -€252 | -38.6% |
| Other operating charges | 640/8 | €1,857 | €2,434 | +€578 | +31.1% |
| Non-recurring operating charges | 66A | €776 | - | -€776 | |
| Gross operating margin | 9900 | €6,637 | €139,398 | +€132,761 | +2,000% |
| Operating profit (loss) | 9901 | -€24,628 | €105,685 | +€130,313 | |
| Financial income | 75/76B | €3,163 | €661 | -€2,502 | -79.1% |
| Recurring financial income | 75 | €364 | €661 | +€297 | +81.4% |
| Non-recurring financial income | 76B | €2,799 | - | -€2,799 | |
| Financial charges | 65/66B | €4,129 | €2,653 | -€1,476 | -35.8% |
| Recurring financial charges | 65 | €4,129 | €2,653 | -€1,476 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,593 | €103,694 | +€129,287 | |
| Income taxes | 67/77 | €156 | €19,244 | +€19,088 | +12,231% |
| Profit (loss) for the period | 9904 | -€25,749 | €84,449 | +€110,198 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,749 | €84,449 | +€110,198 |
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.