TETRAO: 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.
TETRAO
Largest movements
- Tangible fixed assets +€387,539
up €387,539 (+3,086%), from €12,556 to €400,095
of which Land and buildings: +€384,484
- Cash -€16,678
down €16,678 (-31.4%), from €53,160 to €36,482
mainly Investment in fixed assets (net) (-€427,291) and Deferred charges and accrued income (-€12,085)
- Deferred charges and accrued income +€12,085
up €12,085 (+146%), from €8,260 to €20,345
- Receivables within one year +€7,866
up €7,866 (+19.8%), from €39,683 to €47,550
of which Trade receivables: +€7,866
- Debts after one year +€355,907
new in 2024: €355,907
- Current portion of long-term debt +€19,269
new in 2024: €19,269
- Profit (loss) carried forward +€14,301
up €14,301 (+14.2%), from €100,424 to €114,725
- Trade debts +€8,322
up €8,322 (+774%), from €1,075 to €9,397
- Tax, wage and social debts -€7,715
down €7,715 (-31.5%), from €24,464 to €16,749
- Gross operating margin +€45,316
up €45,316 (+222%), from €20,409 to €65,725
- Depreciation +€34,200
up €34,200 (+616%), from €5,552 to €39,753
- Financial charges +€5,099
up €5,099 (+1,359%), from €375 to €5,474
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,660 | €522,471 | +€390,812 | +297% |
| Fixed assets | 21/28 | €12,556 | €400,095 | +€387,539 | +3,086% |
| Tangible fixed assets | 22/27 | €12,556 | €400,095 | +€387,539 | +3,086% |
| Land and buildings | 22 | - | €384,484 | +€384,484 | |
| Plant, machinery and equipment | 23 | €2,058 | €1,847 | -€210 | -10.2% |
| Furniture and vehicles | 24 | €10,499 | €13,764 | +€3,265 | +31.1% |
| Current assets | 29/58 | €119,104 | €122,377 | +€3,273 | +2.7% |
| Amounts receivable after more than one year | 29 | €18,000 | €18,000 | = | 0.0% |
| Trade receivables | 290 | €18,000 | €18,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,683 | €47,550 | +€7,866 | +19.8% |
| Trade receivables | 40 | €37,631 | €45,498 | +€7,866 | +20.9% |
| Other amounts receivable | 41 | €2,052 | €2,052 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,160 | €36,482 | -€16,678 | -31.4% |
| Deferred charges and accrued income | 490/1 | €8,260 | €20,345 | +€12,085 | +146% |
| Total equity and liabilities | 10/49 | €131,660 | €522,471 | +€390,812 | +297% |
| Equity | 10/15 | €105,424 | €119,725 | +€14,301 | +13.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,424 | €114,725 | +€14,301 | +14.2% |
| Amounts payable | 17/49 | €26,236 | €402,747 | +€376,510 | +1,435% |
| Amounts payable after more than one year | 17 | - | €355,907 | +€355,907 | |
| Financial debts | 170/4 | - | €355,907 | +€355,907 | |
| Amounts payable within one year | 42/48 | €26,236 | €46,840 | +€20,604 | +78.5% |
| Current portion of amounts payable after more than one year | 42 | - | €19,269 | +€19,269 | |
| Trade debts | 44 | €1,075 | €9,397 | +€8,322 | +774% |
| Suppliers | 440/4 | €1,075 | €9,397 | +€8,322 | +774% |
| Taxes, remuneration and social security | 45 | €24,464 | €16,749 | -€7,715 | -31.5% |
| Taxes | 450/3 | €24,464 | €16,749 | -€7,715 | -31.5% |
| Other amounts payable | 47/48 | €698 | €1,425 | +€728 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,552 | €39,753 | +€34,200 | +616% |
| Other operating charges | 640/8 | €803 | €990 | +€187 | +23.3% |
| Gross operating margin | 9900 | €20,409 | €65,725 | +€45,316 | +222% |
| Operating profit (loss) | 9901 | €14,054 | €24,983 | +€10,929 | +77.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €375 | €5,474 | +€5,099 | +1,359% |
| Recurring financial charges | 65 | €375 | €5,474 | +€5,099 | +1,359% |
| Profit (loss) for the period before taxes | 9903 | €13,679 | €19,508 | +€5,830 | +42.6% |
| Income taxes | 67/77 | €5,142 | €5,207 | +€66 | +1.3% |
| Profit (loss) for the period | 9904 | €8,537 | €14,301 | +€5,764 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,537 | €14,301 | +€5,764 | +67.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.