De Tentenmaker: 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.
De Tentenmaker
Largest movements
- Receivables within one year -€60,244
down €60,244 (-42.9%), from €140,461 to €80,217
of which Trade receivables: -€62,131
- Intangible fixed assets -€26,865
down €26,865 (-100.0%), from €26,865 to €0
- Tangible fixed assets -€15,564
down €15,564 (-100.0%), from €15,564 to €0
of which Other tangible fixed assets: -€14,946
- Cash -€9,265
down €9,265 (-65.1%), from €14,230 to €4,965
mainly Trade debts (-€241,191) and Debts after one year (-€34,724)
- Deferred charges and accrued income -€2,674
down €2,674 (-100.0%), from €2,674 to €0
- Trade debts -€241,191
down €241,191 (-98.0%), from €246,024 to €4,833
- Other debts +€172,786
up €172,786 (+221.0%), from €78,182 to €250,968
- Debts after one year -€34,724
down €34,724 (-54.5%), from €63,706 to €28,982
- Profit (loss) carried forward -€25,452
down €25,452 (-11.6%), from -€218,875 to -€244,327
- Current portion of long-term debt +€19,815
new in 2025: €19,815
- Gross operating margin +€21,954
up €21,954, from -€11,135 to €10,819
- Depreciation -€14,609
down €14,609 (-95.9%), from €15,226 to €617
- Financial income +€3,675
up €3,675 (+166.8%), from €2,202 to €5,877
- Other operating charges +€867
up €867 (+8.3%), from €10,395 to €11,262
- Staff costs -€160
down €160 (-100.0%), from €160 to €0
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 | €199,868 | €85,181 | -€114,687 | -57.4% |
| Fixed assets | 21/28 | €42,504 | €0 | -€42,504 | -100.0% |
| Intangible fixed assets | 21 | €26,865 | €0 | -€26,865 | -100.0% |
| Tangible fixed assets | 22/27 | €15,564 | €0 | -€15,564 | -100.0% |
| Plant, machinery and equipment | 23 | €617 | €0 | -€617 | -100.0% |
| Other tangible fixed assets | 26 | €14,946 | €0 | -€14,946 | -100.0% |
| Financial fixed assets | 28 | €75 | €0 | -€75 | -100.0% |
| Current assets | 29/58 | €157,364 | €85,181 | -€72,183 | -45.9% |
| Amounts receivable within one year | 40/41 | €140,461 | €80,217 | -€60,244 | -42.9% |
| Trade receivables | 40 | €108,485 | €46,354 | -€62,131 | -57.3% |
| Other amounts receivable | 41 | €31,975 | €33,863 | +€1,887 | +5.9% |
| Cash at bank and in hand | 54/58 | €14,230 | €4,965 | -€9,265 | -65.1% |
| Deferred charges and accrued income | 490/1 | €2,674 | €0 | -€2,674 | -100.0% |
| Total equity and liabilities | 10/49 | €199,868 | €85,181 | -€114,687 | -57.4% |
| Equity | 10/15 | -€213,875 | -€239,327 | -€25,452 | -11.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,875 | -€244,327 | -€25,452 | -11.6% |
| Amounts payable | 17/49 | €413,743 | €324,508 | -€89,235 | -21.6% |
| Amounts payable after more than one year | 17 | €63,706 | €28,982 | -€34,724 | -54.5% |
| Financial debts | 170/4 | €63,706 | €28,982 | -€34,724 | -54.5% |
| Amounts payable within one year | 42/48 | €346,925 | €290,678 | -€56,247 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | - | €19,815 | +€19,815 | |
| Financial debts | 43 | €7,563 | €0 | -€7,563 | -100.0% |
| Other loans | 439 | €7,563 | €0 | -€7,563 | -100.0% |
| Trade debts | 44 | €246,024 | €4,833 | -€241,191 | -98.0% |
| Suppliers | 440/4 | €246,024 | €4,833 | -€241,191 | -98.0% |
| Advances received on contracts in progress | 46 | - | €4,390 | +€4,390 | |
| Taxes, remuneration and social security | 45 | €15,156 | €10,672 | -€4,484 | -29.6% |
| Taxes | 450/3 | €15,156 | €10,672 | -€4,484 | -29.6% |
| Other amounts payable | 47/48 | €78,182 | €250,968 | +€172,786 | +221.0% |
| Accrued charges and deferred income | 492/3 | €3,113 | €4,848 | +€1,736 | +55.8% |
| Non-recurring operating income | 76A | - | €5,281 | +€5,281 | |
| Remuneration, social security and pensions | 62 | €160 | €0 | -€160 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,226 | €617 | -€14,609 | -95.9% |
| Other operating charges | 640/8 | €10,395 | €11,262 | +€867 | +8.3% |
| Non-recurring operating charges | 66A | €10,689 | €26,865 | +€16,176 | +151.3% |
| Gross operating margin | 9900 | -€11,135 | €10,819 | +€21,954 | |
| Operating profit (loss) | 9901 | -€47,605 | -€27,926 | +€19,679 | +41.3% |
| Financial income | 75/76B | €2,202 | €5,877 | +€3,675 | +166.8% |
| Recurring financial income | 75 | €2,202 | €5,877 | +€3,675 | +166.8% |
| Financial charges | 65/66B | €3,282 | €3,403 | +€121 | +3.7% |
| Recurring financial charges | 65 | €3,282 | €3,403 | +€121 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€48,685 | -€25,452 | +€23,233 | +47.7% |
| Profit (loss) for the period | 9904 | -€48,685 | -€25,452 | +€23,233 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,685 | -€25,452 | +€23,233 | +47.7% |
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 10 October 2026 via checked.be.