Tetravision: 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.
What changed
Tetravision
NACE 62.900, Other information technology and computer services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€10,556
2024 · €3,173-€13,729
Equity
€413,595
2024 · €424,152-€10,556
Cash
€300,558
2024 · €158,469+€142,089
Balance sheet total
€1.8m
2024 · €1.8m+€57,165
Largest movements
Assets
- Tangible fixed assets -€198,789
down €198,789 (-14.5%), from €1.4m to €1.2m
of which Leasing and similar rights: -€201,245
- Cash +€142,089
up €142,089 (+89.7%), from €158,469 to €300,558
mainly Depreciation (+€217,890) and Trade debts (+€101,974)
- Stocks and contracts +€69,455
up €69,455 (+385%), from €18,058 to €87,513
of which Stocks: +€79,455
- Receivables within one year +€68,167
up €68,167 (+40.3%), from €169,074 to €237,241
of which Trade receivables: +€80,737
- Deferred charges and accrued income -€20,850
down €20,850 (-48.0%), from €43,472 to €22,622
Equity and liabilities
- Trade debts +€101,974
up €101,974 (+729%), from €13,992 to €115,966
- Current portion of long-term debt -€35,868
down €35,868 (-21.1%), from €169,966 to €134,098
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€3,173
Gross operating margin
-€3,996
Staff costs
+€4,196
Depreciation
-€61
Write-downs
-€3,877
Other operating charges
+€338
Other operating items
+€974
Financial income
+€70
Financial charges
-€6,186
Taxes
-€5,188
Result 2025
-€10,556
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€176,041
Investment
-€16,194
Financing
-€17,758
Cash 2024
€158,469
From operations (derived)
+€176,041
Net result for the year
-€10,556
Depreciation
+€217,890
Stocks and contracts
-€69,455
Receivables within one year
-€68,167
Deferred charges and accrued income
+€20,850
Trade debts
+€101,974
Tax, wage and social debts
-€9,928
Other debts
-€7,135
Accrued charges and deferred income
+€568
Investment (derived)
-€16,194
Investment in fixed assets (net)
-€16,194
Financing
-€17,758
Debts after one year
+€15,902
Current portion of long-term debt
-€35,868
Short-term financial debts
+€2,208
Cash 2025
€300,558
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,773,922 | €1,831,087 | +€57,165 | +3.2% |
| Fixed assets | 21/28 | €1,384,849 | €1,183,153 | -€201,696 | -14.6% |
| Intangible fixed assets | 21 | €9,061 | €6,153 | -€2,908 | -32.1% |
| Tangible fixed assets | 22/27 | €1,374,571 | €1,175,783 | -€198,789 | -14.5% |
| Plant, machinery and equipment | 23 | €11,063 | €8,476 | -€2,587 | -23.4% |
| Furniture and vehicles | 24 | €21,263 | €20,043 | -€1,220 | -5.7% |
| Leasing and similar rights | 25 | €1,342,244 | €1,140,999 | -€201,245 | -15.0% |
| Other tangible fixed assets | 26 | - | €6,264 | +€6,264 | |
| Financial fixed assets | 28 | €1,217 | €1,217 | = | 0.0% |
| Current assets | 29/58 | €389,073 | €647,934 | +€258,861 | +66.5% |
| Stocks and contracts in progress | 3 | €18,058 | €87,513 | +€69,455 | +385% |
| Stocks | 30/36 | €8,058 | €87,513 | +€79,455 | +986% |
| Contracts in progress | 37 | €10,000 | €0 | -€10,000 | -100% |
| Amounts receivable within one year | 40/41 | €169,074 | €237,241 | +€68,167 | +40.3% |
| Trade receivables | 40 | €142,636 | €223,373 | +€80,737 | +56.6% |
| Other amounts receivable | 41 | €26,438 | €13,868 | -€12,570 | -47.5% |
| Cash at bank and in hand | 54/58 | €158,469 | €300,558 | +€142,089 | +89.7% |
| Deferred charges and accrued income | 490/1 | €43,472 | €22,622 | -€20,850 | -48.0% |
| Total equity and liabilities | 10/49 | €1,773,922 | €1,831,087 | +€57,165 | +3.2% |
| Equity | 10/15 | €424,152 | €413,595 | -€10,556 | -2.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €384,152 | €373,595 | -€10,556 | -2.7% |
| Amounts payable | 17/49 | €1,349,770 | €1,417,492 | +€67,721 | +5.0% |
| Amounts payable after more than one year | 17 | €1,085,659 | €1,101,561 | +€15,902 | +1.5% |
| Financial debts | 170/4 | €1,085,659 | €1,101,561 | +€15,902 | +1.5% |
| Amounts payable within one year | 42/48 | €263,913 | €315,164 | +€51,252 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €169,966 | €134,098 | -€35,868 | -21.1% |
| Financial debts | 43 | €400 | €2,608 | +€2,208 | +551% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €400 | €2,608 | +€2,208 | +551% |
| Trade debts | 44 | €13,992 | €115,966 | +€101,974 | +729% |
| Suppliers | 440/4 | €13,992 | €115,966 | +€101,974 | +729% |
| Taxes, remuneration and social security | 45 | €54,949 | €45,022 | -€9,928 | -18.1% |
| Taxes | 450/3 | €13,801 | €4,766 | -€9,035 | -65.5% |
| Remuneration and social security | 454/9 | €41,148 | €40,256 | -€892 | -2.2% |
| Other amounts payable | 47/48 | €24,605 | €17,470 | -€7,135 | -29.0% |
| Accrued charges and deferred income | 492/3 | €199 | €766 | +€568 | +286% |
| Non-recurring operating income | 76A | - | €567 | +€567 | |
| Remuneration, social security and pensions | 62 | €352,917 | €348,721 | -€4,196 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,829 | €217,890 | +€61 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €143 | €4,020 | +€3,877 | +2,719% |
| Other operating charges | 640/8 | €1,258 | €919 | -€338 | -26.9% |
| Non-recurring operating charges | 66A | €1,094 | €120 | -€974 | -89.0% |
| Gross operating margin | 9900 | €633,862 | €629,866 | -€3,996 | -0.6% |
| Operating profit (loss) | 9901 | €60,621 | €58,196 | -€2,425 | -4.0% |
| Financial income | 75/76B | €655 | €724 | +€70 | +10.6% |
| Recurring financial income | 75 | €655 | €724 | +€70 | +10.6% |
| Financial charges | 65/66B | €50,472 | €56,658 | +€6,186 | +12.3% |
| Recurring financial charges | 65 | €50,472 | €56,658 | +€6,186 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €10,803 | €2,262 | -€8,541 | -79.1% |
| Income taxes | 67/77 | €7,630 | €12,818 | +€5,188 | +68.0% |
| Profit (loss) for the period | 9904 | €3,173 | -€10,556 | -€13,729 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,173 | -€10,556 | -€13,729 |
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 24 October 2026 via checked.be.