TETRASERVE: 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.
TETRASERVE
Largest movements
- Cash +€86,370
up €86,370 (+472%), from €18,306 to €104,676
mainly Other debts (+€111,473) and Trade debts (+€66,886)
- Stocks and contracts +€55,277
new in 2025: €55,277
- Receivables within one year -€10,618
no longer reported in 2025 (was €10,618)
of which Trade receivables: -€9,377
- Tangible fixed assets -€5,225
down €5,225 (-43.2%), from €12,082 to €6,858
of which Plant, machinery and equipment: -€5,105
- Other debts +€111,473
up €111,473 (+40.9%), from €272,323 to €383,796
- Trade debts +€66,886
up €66,886 (+1,655%), from €4,041 to €70,927
- Debts after one year -€33,740
no longer reported in 2025 (was €33,740)
- Profit (loss) carried forward -€12,108
down €12,108 (-92.9%), from €13,032 to €924
- Current portion of long-term debt -€5,630
no longer reported in 2025 (was €5,630)
- Gross operating margin -€9,797
down €9,797, from €4,870 to -€4,927
- Financial charges +€379
up €379 (+43.8%), from €866 to €1,245
- Depreciation -€211
down €211 (-3.9%), from €5,435 to €5,225
- Other operating charges -€91
down €91 (-11.3%), from €810 to €718
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 | €363,277 | €489,586 | +€126,310 | +34.8% |
| Fixed assets | 21/28 | €334,301 | €329,076 | -€5,225 | -1.6% |
| Tangible fixed assets | 22/27 | €12,082 | €6,858 | -€5,225 | -43.2% |
| Land and buildings | 22 | €3,310 | €3,190 | -€120 | -3.6% |
| Plant, machinery and equipment | 23 | €8,772 | €3,668 | -€5,105 | -58.2% |
| Financial fixed assets | 28 | €322,218 | €322,218 | = | 0.0% |
| Current assets | 29/58 | €28,976 | €160,510 | +€131,534 | +454% |
| Stocks and contracts in progress | 3 | - | €55,277 | +€55,277 | |
| Stocks | 30/36 | - | €55,277 | +€55,277 | |
| Amounts receivable within one year | 40/41 | €10,618 | - | -€10,618 | |
| Trade receivables | 40 | €9,377 | - | -€9,377 | |
| Other amounts receivable | 41 | €1,242 | - | -€1,242 | |
| Cash at bank and in hand | 54/58 | €18,306 | €104,676 | +€86,370 | +472% |
| Deferred charges and accrued income | 490/1 | €52 | €557 | +€506 | +982% |
| Total equity and liabilities | 10/49 | €363,277 | €489,586 | +€126,310 | +34.8% |
| Equity | 10/15 | €46,468 | €34,360 | -€12,108 | -26.1% |
| Contributions | 10/11 | €33,436 | €33,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,032 | €924 | -€12,108 | -92.9% |
| Amounts payable | 17/49 | €316,808 | €455,226 | +€138,418 | +43.7% |
| Amounts payable after more than one year | 17 | €33,740 | - | -€33,740 | |
| Financial debts | 170/4 | €33,740 | - | -€33,740 | |
| Amounts payable within one year | 42/48 | €283,068 | €455,226 | +€172,158 | +60.8% |
| Current portion of amounts payable after more than one year | 42 | €5,630 | - | -€5,630 | |
| Trade debts | 44 | €4,041 | €70,927 | +€66,886 | +1,655% |
| Suppliers | 440/4 | €4,041 | €70,927 | +€66,886 | +1,655% |
| Taxes, remuneration and social security | 45 | €1,074 | €503 | -€571 | -53.2% |
| Taxes | 450/3 | €1,074 | €503 | -€571 | -53.2% |
| Other amounts payable | 47/48 | €272,323 | €383,796 | +€111,473 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,435 | €5,225 | -€211 | -3.9% |
| Other operating charges | 640/8 | €810 | €718 | -€91 | -11.3% |
| Gross operating margin | 9900 | €4,870 | -€4,927 | -€9,797 | |
| Operating profit (loss) | 9901 | -€1,375 | -€10,870 | -€9,495 | -691% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €866 | €1,245 | +€379 | +43.8% |
| Recurring financial charges | 65 | €866 | €1,245 | +€379 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,241 | -€12,108 | -€9,868 | -440% |
| Profit (loss) for the period | 9904 | -€2,241 | -€12,108 | -€9,868 | -440% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,241 | -€12,108 | -€9,868 | -440% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.