TETIAROA: 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.
TETIAROA
Largest movements
- Cash +€145,457
up €145,457 (+82.0%), from €177,436 to €322,893
mainly Net result for the year (+€122,779) and Tax, wage and social debts (+€22,945)
- Receivables within one year +€9,445
up €9,445 (+39.0%), from €24,200 to €33,645
- Reserves +€269,572
new in 2025: €269,572
- Profit (loss) carried forward -€146,793
down €146,793 (-100%), from €146,793 to €0
- Tax, wage and social debts +€22,945
up €22,945 (+42.8%), from €53,666 to €76,611
- Short-term financial debts +€7,534
new in 2025: €7,534
- Gross operating margin +€46,121
up €46,121 (+37.8%), from €122,000 to €168,121
- Taxes +€10,781
up €10,781 (+40.2%), from €26,804 to €37,585
- Financial charges +€2,761
up €2,761 (+257%), from €1,073 to €3,835
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 | €211,142 | €364,665 | +€153,523 | +72.7% |
| Fixed assets | 21/28 | €6,086 | €4,607 | -€1,479 | -24.3% |
| Tangible fixed assets | 22/27 | €6,086 | €4,607 | -€1,479 | -24.3% |
| Plant, machinery and equipment | 23 | €1,127 | €1,421 | +€295 | +26.1% |
| Furniture and vehicles | 24 | €4,960 | €3,186 | -€1,774 | -35.8% |
| Current assets | 29/58 | €205,056 | €360,058 | +€155,002 | +75.6% |
| Amounts receivable within one year | 40/41 | €24,200 | €33,645 | +€9,445 | +39.0% |
| Trade receivables | 40 | €24,200 | €33,645 | +€9,445 | +39.0% |
| Cash at bank and in hand | 54/58 | €177,436 | €322,893 | +€145,457 | +82.0% |
| Deferred charges and accrued income | 490/1 | €3,420 | €3,520 | +€100 | +2.9% |
| Total equity and liabilities | 10/49 | €211,142 | €364,665 | +€153,523 | +72.7% |
| Equity | 10/15 | €151,793 | €274,572 | +€122,779 | +80.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €269,572 | +€269,572 | |
| Distributable reserves | 133 | - | €269,572 | +€269,572 | |
| Profit (loss) carried forward | 14 | €146,793 | €0 | -€146,793 | -100% |
| Amounts payable | 17/49 | €59,349 | €90,093 | +€30,744 | +51.8% |
| Amounts payable within one year | 42/48 | €59,349 | €90,093 | +€30,744 | +51.8% |
| Financial debts | 43 | - | €7,534 | +€7,534 | |
| Credit institutions | 430/8 | - | €7,534 | +€7,534 | |
| Trade debts | 44 | €469 | €1,883 | +€1,414 | +302% |
| Suppliers | 440/4 | €469 | €1,883 | +€1,414 | +302% |
| Taxes, remuneration and social security | 45 | €53,666 | €76,611 | +€22,945 | +42.8% |
| Taxes | 450/3 | €53,666 | €76,611 | +€22,945 | +42.8% |
| Other amounts payable | 47/48 | €5,214 | €4,065 | -€1,149 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,222 | €2,470 | +€1,248 | +102% |
| Other operating charges | 640/8 | €126 | €1,452 | +€1,326 | +1,053% |
| Gross operating margin | 9900 | €122,000 | €168,121 | +€46,121 | +37.8% |
| Operating profit (loss) | 9901 | €120,653 | €164,199 | +€43,546 | +36.1% |
| Financial income | 75/76B | €52 | €0 | -€52 | -100% |
| Recurring financial income | 75 | €52 | €0 | -€52 | -100% |
| Financial charges | 65/66B | €1,073 | €3,835 | +€2,761 | +257% |
| Recurring financial charges | 65 | €1,073 | €3,835 | +€2,761 | +257% |
| Profit (loss) for the period before taxes | 9903 | €119,631 | €160,364 | +€40,733 | +34.0% |
| Income taxes | 67/77 | €26,804 | €37,585 | +€10,781 | +40.2% |
| Profit (loss) for the period | 9904 | €92,827 | €122,779 | +€29,952 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €92,827 | €122,779 | +€29,952 | +32.3% |
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 13 October 2026 via checked.be.