TETRACO: 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.
TETRACO
Largest movements
- Tangible fixed assets -€67,743
down €67,743 (-16.7%), from €406,036 to €338,293
of which Plant, machinery and equipment: -€59,815
- Cash +€14,180
up €14,180 (+64.4%), from €22,007 to €36,187
mainly Depreciation (+€85,619) and Net result for the year (+€9,675)
- Receivables within one year -€7,985
down €7,985 (-10.3%), from €77,788 to €69,803
of which Other amounts receivable: -€12,960
- Debts after one year -€47,227
down €47,227 (-15.8%), from €298,405 to €251,178
- Trade debts -€12,676
down €12,676 (-85.3%), from €14,865 to €2,189
- Profit (loss) carried forward +€9,675
up €9,675 (+27.3%), from -€35,424 to -€25,749
- Depreciation -€24,201
down €24,201 (-22.0%), from €109,819 to €85,619
- Gross operating margin +€18,810
up €18,810 (+20.3%), from €92,757 to €111,567
- Other operating charges -€9,171
down €9,171 (-74.8%), from €12,254 to €3,084
- Provisions +€4,000
no longer reported in 2025 (was -€4,000)
- Financial charges +€2,876
up €2,876 (+28.4%), from €10,109 to €12,985
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 | €519,893 | €458,090 | -€61,804 | -11.9% |
| Fixed assets | 21/28 | €416,536 | €348,793 | -€67,743 | -16.3% |
| Tangible fixed assets | 22/27 | €406,036 | €338,293 | -€67,743 | -16.7% |
| Land and buildings | 22 | €155,000 | €155,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €164,014 | €104,199 | -€59,815 | -36.5% |
| Furniture and vehicles | 24 | €87,022 | €55,036 | -€31,987 | -36.8% |
| Other tangible fixed assets | 26 | - | €24,058 | +€24,058 | |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €103,357 | €109,297 | +€5,940 | +5.7% |
| Amounts receivable within one year | 40/41 | €77,788 | €69,803 | -€7,985 | -10.3% |
| Trade receivables | 40 | €35,689 | €40,664 | +€4,976 | +13.9% |
| Other amounts receivable | 41 | €42,099 | €29,139 | -€12,960 | -30.8% |
| Cash at bank and in hand | 54/58 | €22,007 | €36,187 | +€14,180 | +64.4% |
| Deferred charges and accrued income | 490/1 | €3,563 | €3,307 | -€256 | -7.2% |
| Total equity and liabilities | 10/49 | €519,893 | €458,090 | -€61,804 | -11.9% |
| Equity | 10/15 | €133,252 | €142,927 | +€9,675 | +7.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €107,176 | €107,176 | = | 0.0% |
| Distributable reserves | 133 | €107,176 | €107,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,424 | -€25,749 | +€9,675 | +27.3% |
| Amounts payable | 17/49 | €386,642 | €315,163 | -€71,479 | -18.5% |
| Amounts payable after more than one year | 17 | €298,405 | €251,178 | -€47,227 | -15.8% |
| Financial debts | 170/4 | €298,405 | €251,178 | -€47,227 | -15.8% |
| Amounts payable within one year | 42/48 | €84,436 | €62,784 | -€21,652 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €62,478 | €58,838 | -€3,640 | -5.8% |
| Trade debts | 44 | €14,865 | €2,189 | -€12,676 | -85.3% |
| Suppliers | 440/4 | €14,865 | €2,189 | -€12,676 | -85.3% |
| Taxes, remuneration and social security | 45 | €1,125 | €550 | -€575 | -51.1% |
| Taxes | 450/3 | €1,125 | €550 | -€575 | -51.1% |
| Other amounts payable | 47/48 | €5,969 | €1,208 | -€4,761 | -79.8% |
| Accrued charges and deferred income | 492/3 | €3,800 | €1,200 | -€2,600 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,819 | €85,619 | -€24,201 | -22.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,000 | - | +€4,000 | |
| Other operating charges | 640/8 | €12,254 | €3,084 | -€9,171 | -74.8% |
| Gross operating margin | 9900 | €92,757 | €111,567 | +€18,810 | +20.3% |
| Operating profit (loss) | 9901 | -€25,316 | €22,865 | +€48,181 | |
| Financial income | 75/76B | €177 | €63 | -€114 | -64.5% |
| Recurring financial income | 75 | €177 | €63 | -€114 | -64.5% |
| Financial charges | 65/66B | €10,109 | €12,985 | +€2,876 | +28.4% |
| Recurring financial charges | 65 | €10,109 | €12,985 | +€2,876 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | -€35,248 | €9,943 | +€45,191 | |
| Income taxes | 67/77 | €176 | €268 | +€91 | +51.9% |
| Profit (loss) for the period | 9904 | -€35,424 | €9,675 | +€45,100 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,424 | €9,675 | +€45,100 |
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 8 October 2026 via checked.be.