TETRODE: 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.
TETRODE
Largest movements
- Receivables within one year +€63,923
up €63,923 (+230%), from €27,802 to €91,725
of which Trade receivables: +€58,974
- Cash -€24,237
down €24,237 (-90.2%), from €26,882 to €2,646
mainly Receivables within one year (-€63,923) and Tax, wage and social debts (-€923)
- Tangible fixed assets -€7,345
down €7,345 (-28.6%), from €25,684 to €18,339
of which Furniture and vehicles: -€6,340
- Reserves +€29,250
up €29,250 (+21.6%), from €135,241 to €164,492
of which Distributable reserves: +€29,250
- Trade debts +€4,024
up €4,024, from €0 to €4,024
- Gross operating margin -€5,349
down €5,349 (-9.9%), from €54,018 to €48,669
- Depreciation +€1,805
up €1,805 (+30.8%), from €5,850 to €7,655
- Financial charges -€1,526
down €1,526 (-63.2%), from €2,415 to €889
- Taxes -€931
down €931 (-7.5%), from €12,434 to €11,503
- Staff costs -€833
no longer reported in 2026 (was €833)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,206 | €184,557 | +€32,351 | +21.3% |
| Fixed assets | 21/28 | €48,684 | €41,339 | -€7,345 | -15.1% |
| Tangible fixed assets | 22/27 | €25,684 | €18,339 | -€7,345 | -28.6% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €3,539 | €2,534 | -€1,005 | -28.4% |
| Furniture and vehicles | 24 | €22,144 | €15,804 | -€6,340 | -28.6% |
| Financial fixed assets | 28 | €23,000 | €23,000 | = | 0.0% |
| Current assets | 29/58 | €103,522 | €143,218 | +€39,696 | +38.3% |
| Amounts receivable within one year | 40/41 | €27,802 | €91,725 | +€63,923 | +230% |
| Trade receivables | 40 | €10,601 | €69,575 | +€58,974 | +556% |
| Other amounts receivable | 41 | €17,201 | €22,150 | +€4,949 | +28.8% |
| Current investments | 50/53 | €48,500 | €48,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,882 | €2,646 | -€24,237 | -90.2% |
| Deferred charges and accrued income | 490/1 | €338 | €347 | +€10 | +2.8% |
| Total equity and liabilities | 10/49 | €152,206 | €184,557 | +€32,351 | +21.3% |
| Equity | 10/15 | €147,641 | €176,892 | +€29,250 | +19.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €135,241 | €164,492 | +€29,250 | +21.6% |
| 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 | €133,381 | €162,632 | +€29,250 | +21.9% |
| Amounts payable | 17/49 | €4,564 | €7,665 | +€3,101 | +67.9% |
| Amounts payable within one year | 42/48 | €4,564 | €7,665 | +€3,101 | +67.9% |
| Trade debts | 44 | €0 | €4,024 | +€4,024 | |
| Suppliers | 440/4 | €0 | €4,024 | +€4,024 | |
| Taxes, remuneration and social security | 45 | €4,564 | €3,641 | -€923 | -20.2% |
| Taxes | 450/3 | €4,564 | €3,641 | -€923 | -20.2% |
| Remuneration, social security and pensions | 62 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,850 | €7,655 | +€1,805 | +30.8% |
| Other operating charges | 640/8 | €370 | €120 | -€250 | -67.5% |
| Gross operating margin | 9900 | €54,018 | €48,669 | -€5,349 | -9.9% |
| Operating profit (loss) | 9901 | €46,965 | €40,894 | -€6,071 | -12.9% |
| Financial income | 75/76B | €186 | €748 | +€562 | +302% |
| Recurring financial income | 75 | €186 | €748 | +€562 | +302% |
| Financial charges | 65/66B | €2,415 | €889 | -€1,526 | -63.2% |
| Recurring financial charges | 65 | €2,415 | €889 | -€1,526 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | €44,737 | €40,754 | -€3,983 | -8.9% |
| Income taxes | 67/77 | €12,434 | €11,503 | -€931 | -7.5% |
| Profit (loss) for the period | 9904 | €32,302 | €29,250 | -€3,052 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,302 | €29,250 | -€3,052 | -9.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.