TECTONOS: 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.
TECTONOS
Largest movements
- Receivables within one year +€35,447
up €35,447 (+286%), from €12,377 to €47,824
of which Trade receivables: +€24,026
- Financial fixed assets -€10,934
no longer reported in 2025 (was €10,934)
- Cash -€2,106
no longer reported in 2025 (was €2,106)
mainly Receivables within one year (-€35,447) and Net result for the year (-€9,320)
- Tangible fixed assets +€1,467
new in 2025: €1,467
- Trade debts +€29,464
up €29,464 (+230%), from €12,833 to €42,297
- Profit (loss) carried forward -€9,320
down €9,320 (-93.0%), from -€10,027 to -€19,346
- Tax, wage and social debts +€3,012
up €3,012 (+162%), from €1,859 to €4,871
- Short-term financial debts +€1,019
new in 2025: €1,019
- Financial charges +€7,301
up €7,301 (+799%), from €913 to €8,214
of which Non-recurring financial charges: +€7,437
- Gross operating margin +€4,208
up €4,208 (+230%), from €1,831 to €6,039
- Write-downs +€3,497
new in 2025: €3,497
- Other operating charges +€2,024
up €2,024 (+131%), from €1,548 to €3,572
- Depreciation +€123
new in 2025: €123
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 | €25,417 | €49,291 | +€23,875 | +93.9% |
| Fixed assets | 21/28 | €10,934 | €1,467 | -€9,466 | -86.6% |
| Tangible fixed assets | 22/27 | - | €1,467 | +€1,467 | |
| Other tangible fixed assets | 26 | - | €1,467 | +€1,467 | |
| Financial fixed assets | 28 | €10,934 | - | -€10,934 | |
| Current assets | 29/58 | €14,483 | €47,824 | +€33,341 | +230% |
| Amounts receivable within one year | 40/41 | €12,377 | €47,824 | +€35,447 | +286% |
| Trade receivables | 40 | €7,786 | €31,812 | +€24,026 | +309% |
| Other amounts receivable | 41 | €4,591 | €16,012 | +€11,421 | +249% |
| Cash at bank and in hand | 54/58 | €2,106 | - | -€2,106 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €25,417 | €49,291 | +€23,875 | +93.9% |
| Equity | 10/15 | €10,425 | €1,105 | -€9,320 | -89.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,027 | -€19,346 | -€9,320 | -93.0% |
| Amounts payable | 17/49 | €14,992 | €48,186 | +€33,194 | +221% |
| Amounts payable within one year | 42/48 | €14,692 | €48,186 | +€33,494 | +228% |
| Financial debts | 43 | - | €1,019 | +€1,019 | |
| Credit institutions | 430/8 | - | €1,019 | +€1,019 | |
| Trade debts | 44 | €12,833 | €42,297 | +€29,464 | +230% |
| Suppliers | 440/4 | €12,833 | €42,297 | +€29,464 | +230% |
| Taxes, remuneration and social security | 45 | €1,859 | €4,871 | +€3,012 | +162% |
| Taxes | 450/3 | €1,859 | €4,871 | +€3,012 | +162% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €123 | +€123 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,497 | +€3,497 | |
| Other operating charges | 640/8 | €1,548 | €3,572 | +€2,024 | +131% |
| Gross operating margin | 9900 | €1,831 | €6,039 | +€4,208 | +230% |
| Operating profit (loss) | 9901 | €283 | -€1,153 | -€1,436 | |
| Financial income | 75/76B | €23 | €47 | +€24 | +106% |
| Recurring financial income | 75 | €23 | €47 | +€24 | +106% |
| Financial charges | 65/66B | €913 | €8,214 | +€7,301 | +799% |
| Recurring financial charges | 65 | €913 | €777 | -€136 | -14.9% |
| Non-recurring financial charges | 66B | - | €7,437 | +€7,437 | |
| Profit (loss) for the period before taxes | 9903 | -€607 | -€9,320 | -€8,713 | -1,435% |
| Income taxes | 67/77 | €71 | - | -€71 | |
| Profit (loss) for the period | 9904 | -€678 | -€9,320 | -€8,642 | -1,275% |
| Profit (loss) for the period to be appropriated | 9905 | -€678 | -€9,320 | -€8,642 | -1,275% |
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 30 October 2026 via checked.be.