TETRODE: 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.
TETRODE
Largest movements
- Receivables within one year -€70,256
down €70,256 (-71.6%), from €98,058 to €27,802
of which Trade receivables: -€78,659
- Current investments +€48,500
new in 2025: €48,500
- Cash -€48,222
down €48,222 (-64.2%), from €75,104 to €26,882
mainly Trade debts (-€72,096) and Current investments (-€48,500)
- Tangible fixed assets +€25,252
up €25,252 (+5845.7%), from €432 to €25,684
of which Furniture and vehicles: +€22,144
- Trade debts -€72,096
down €72,096 (-100.0%), from €72,096 to €0
- Reserves +€31,302
up €31,302 (+30.1%), from €103,939 to €135,241
of which Distributable reserves: +€31,302
- Tax, wage and social debts -€4,617
down €4,617 (-50.3%), from €9,181 to €4,564
- Staff costs -€14,888
down €14,888 (-94.7%), from €15,721 to €833
- Gross operating margin -€8,909
down €8,909 (-14.2%), from €62,927 to €54,018
- Depreciation +€5,742
up €5,742 (+5317.4%), from €108 to €5,850
- Financial charges +€2,293
up €2,293 (+1884.0%), from €122 to €2,415
- Taxes +€1,535
up €1,535 (+14.1%), from €10,899 to €12,434
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 | €197,617 | €152,206 | -€45,411 | -23.0% |
| Fixed assets | 21/28 | €23,432 | €48,684 | +€25,252 | +107.8% |
| Tangible fixed assets | 22/27 | €432 | €25,684 | +€25,252 | +5845.7% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €432 | €3,539 | +€3,107 | +719.4% |
| Furniture and vehicles | 24 | €0 | €22,144 | +€22,144 | |
| Financial fixed assets | 28 | €23,000 | €23,000 | = | 0.0% |
| Current assets | 29/58 | €174,185 | €103,522 | -€70,663 | -40.6% |
| Amounts receivable within one year | 40/41 | €98,058 | €27,802 | -€70,256 | -71.6% |
| Trade receivables | 40 | €89,260 | €10,601 | -€78,659 | -88.1% |
| Other amounts receivable | 41 | €8,798 | €17,201 | +€8,403 | +95.5% |
| Current investments | 50/53 | - | €48,500 | +€48,500 | |
| Cash at bank and in hand | 54/58 | €75,104 | €26,882 | -€48,222 | -64.2% |
| Deferred charges and accrued income | 490/1 | €1,023 | €338 | -€685 | -67.0% |
| Total equity and liabilities | 10/49 | €197,617 | €152,206 | -€45,411 | -23.0% |
| Equity | 10/15 | €116,339 | €147,641 | +€31,302 | +26.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €103,939 | €135,241 | +€31,302 | +30.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €102,079 | €133,381 | +€31,302 | +30.7% |
| Amounts payable | 17/49 | €81,277 | €4,564 | -€76,713 | -94.4% |
| Amounts payable within one year | 42/48 | €81,277 | €4,564 | -€76,713 | -94.4% |
| Trade debts | 44 | €72,096 | €0 | -€72,096 | -100.0% |
| Suppliers | 440/4 | €72,096 | €0 | -€72,096 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,181 | €4,564 | -€4,617 | -50.3% |
| Taxes | 450/3 | €9,181 | €4,564 | -€4,617 | -50.3% |
| Remuneration, social security and pensions | 62 | €15,721 | €833 | -€14,888 | -94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108 | €5,850 | +€5,742 | +5317.4% |
| Other operating charges | 640/8 | €765 | €370 | -€395 | -51.7% |
| Gross operating margin | 9900 | €62,927 | €54,018 | -€8,909 | -14.2% |
| Operating profit (loss) | 9901 | €46,333 | €46,965 | +€632 | +1.4% |
| Financial income | 75/76B | - | €186 | +€186 | |
| Recurring financial income | 75 | - | €186 | +€186 | |
| Financial charges | 65/66B | €122 | €2,415 | +€2,293 | +1884.0% |
| Recurring financial charges | 65 | €122 | €2,415 | +€2,293 | +1884.0% |
| Profit (loss) for the period before taxes | 9903 | €46,212 | €44,737 | -€1,475 | -3.2% |
| Income taxes | 67/77 | €10,899 | €12,434 | +€1,535 | +14.1% |
| Profit (loss) for the period | 9904 | €35,312 | €32,302 | -€3,010 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,312 | €32,302 | -€3,010 | -8.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.