TÈTA: what changed
Two fiscal 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.
TÈTA
Largest movements
- Stocks and contracts +€95,077
up €95,077 (+5.3%), from €1.8m to €1.9m
- Tangible fixed assets -€33,223
down €33,223 (-23.1%), from €143,983 to €110,760
of which Other tangible fixed assets: -€29,953
- Cash -€31,693
down €31,693 (-53.0%), from €59,851 to €28,159
mainly Net result for the year (-€214,636) and Stocks and contracts (-€95,077)
- Receivables within one year -€23,781
down €23,781 (-61.7%), from €38,530 to €14,749
of which Trade receivables: -€19,829
- Other debts +€266,037
up €266,037 (+914.6%), from €29,088 to €295,125
- Profit (loss) carried forward -€214,636
down €214,636 (-14.4%), from €1.5m to €1.3m
- Trade debts -€22,952
down €22,952 (-8.0%), from €285,235 to €262,283
- Gross operating margin -€59,592
down €59,592 (-14.3%), from €417,554 to €357,961
- Staff costs -€48,919
down €48,919 (-8.3%), from €589,648 to €540,729
- Other operating charges -€10,943
down €10,943 (-31.9%), from €34,269 to €23,325
- Financial income -€10,237
down €10,237 (-16.9%), from €60,432 to €50,194
- Write-downs +€8,376
up €8,376, from -€4,498 to €3,878
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 | €2,046,174 | €2,054,544 | +€8,371 | +0.4% |
| Fixed assets | 21/28 | €143,983 | €110,760 | -€33,223 | -23.1% |
| Tangible fixed assets | 22/27 | €143,983 | €110,760 | -€33,223 | -23.1% |
| Plant, machinery and equipment | 23 | €16,014 | €17,786 | +€1,772 | +11.1% |
| Furniture and vehicles | 24 | €20,610 | €15,568 | -€5,043 | -24.5% |
| Other tangible fixed assets | 26 | €107,359 | €77,406 | -€29,953 | -27.9% |
| Current assets | 29/58 | €1,902,190 | €1,943,785 | +€41,594 | +2.2% |
| Stocks and contracts in progress | 3 | €1,794,213 | €1,889,291 | +€95,077 | +5.3% |
| Stocks | 30/36 | €1,794,213 | €1,889,291 | +€95,077 | +5.3% |
| Amounts receivable within one year | 40/41 | €38,530 | €14,749 | -€23,781 | -61.7% |
| Trade receivables | 40 | €34,578 | €14,749 | -€19,829 | -57.3% |
| Other amounts receivable | 41 | €3,952 | - | -€3,952 | |
| Cash at bank and in hand | 54/58 | €59,851 | €28,159 | -€31,693 | -53.0% |
| Deferred charges and accrued income | 490/1 | €9,596 | €11,587 | +€1,991 | +20.8% |
| Total equity and liabilities | 10/49 | €2,046,174 | €2,054,544 | +€8,371 | +0.4% |
| Equity | 10/15 | €1,604,008 | €1,389,373 | -€214,636 | -13.4% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €9,916 | €9,916 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,494,935 | €1,280,300 | -€214,636 | -14.4% |
| Amounts payable | 17/49 | €442,165 | €665,172 | +€223,007 | +50.4% |
| Amounts payable within one year | 42/48 | €421,334 | €644,384 | +€223,050 | +52.9% |
| Trade debts | 44 | €285,235 | €262,283 | -€22,952 | -8.0% |
| Suppliers | 440/4 | €285,235 | €262,283 | -€22,952 | -8.0% |
| Advances received on contracts in progress | 46 | €11,782 | €6,146 | -€5,637 | -47.8% |
| Taxes, remuneration and social security | 45 | €95,229 | €80,830 | -€14,399 | -15.1% |
| Taxes | 450/3 | - | €5,391 | +€5,391 | |
| Remuneration and social security | 454/9 | €95,229 | €75,439 | -€19,790 | -20.8% |
| Other amounts payable | 47/48 | €29,088 | €295,125 | +€266,037 | +914.6% |
| Accrued charges and deferred income | 492/3 | €20,831 | €20,787 | -€44 | -0.2% |
| Non-recurring operating income | 76A | €30,846 | €55,199 | +€24,353 | +79.0% |
| Remuneration, social security and pensions | 62 | €589,648 | €540,729 | -€48,919 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,269 | €43,987 | +€2,718 | +6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,498 | €3,878 | +€8,376 | |
| Other operating charges | 640/8 | €34,269 | €23,325 | -€10,943 | -31.9% |
| Gross operating margin | 9900 | €417,554 | €357,961 | -€59,592 | -14.3% |
| Operating profit (loss) | 9901 | -€243,134 | -€253,958 | -€10,824 | -4.5% |
| Financial income | 75/76B | €60,432 | €50,194 | -€10,237 | -16.9% |
| Recurring financial income | 75 | €60,432 | €50,194 | -€10,237 | -16.9% |
| Financial charges | 65/66B | €12,934 | €10,872 | -€2,062 | -15.9% |
| Recurring financial charges | 65 | €12,934 | €10,872 | -€2,062 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€195,636 | -€214,636 | -€19,000 | -9.7% |
| Profit (loss) for the period | 9904 | -€195,636 | -€214,636 | -€19,000 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€195,636 | -€214,636 | -€19,000 | -9.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.