Erste TENVA Property: what changed
What changed
Erste TENVA Property
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · -€3.9m+€5.0m
Equity
€53.6m
2024 · €52.6m+€1.0m
Cash
-
not filed
Balance sheet total
€122.4m
2024 · €126.0m-€3.5m
Largest movements
Assets
- Tangible fixed assets -€3.8m
down €3.8m (-3.0%), from €124.9m to €121.1m
of which Assets under construction and advance payments: -€98.1m
Equity and liabilities
- Other debts -€5.4m
down €5.4m (-7.3%), from €73.1m to €67.8m
Income statement
- Turnover +€6.5m
up €6.5m (+232%), from €2.8m to €9.3m
- Depreciation +€3.4m
up €3.4m (+489%), from €687,073 to €4.0m
- Financial charges -€1.6m
down €1.6m (-33.1%), from €4.8m to €3.2m
- Services and other goods -€413,291
down €413,291 (-37.5%), from €1.1m to €687,638
- Taxes +€222,358
up €222,358 (+1,523%), from €14,598 to €236,955
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€3.9m
Turnover
+€6.5m
Services and other goods
+€413,291
Depreciation
-€3.4m
Other operating charges
+€34,192
Financial charges
+€1.6m
Taxes
-€222,358
Result 2025
€1.0m
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,967,899 | €122,420,400 | -€3.5m | -2.8% |
| Fixed assets | 21/28 | €124,913,465 | €121,124,942 | -€3.8m | -3.0% |
| Tangible fixed assets | 22/27 | €124,913,465 | €121,124,942 | -€3.8m | -3.0% |
| Land and buildings | 22 | €26,858,129 | €116,217,382 | +€89.4m | +333% |
| Leasing and similar rights | 25 | - | €4,907,560 | +€4.9m | |
| Assets under construction and advance payments | 27 | €98,055,336 | - | -€98.1m | |
| Current assets | 29/58 | €1,054,434 | €1,295,458 | +€241,024 | +22.9% |
| Amounts receivable within one year | 40/41 | €742,584 | €1,271,470 | +€528,886 | +71.2% |
| Trade receivables | 40 | €74,296 | €26,190 | -€48,106 | -64.7% |
| Other amounts receivable | 41 | €668,288 | €1,245,280 | +€576,992 | +86.3% |
| Deferred charges and accrued income | 490/1 | €311,850 | €23,988 | -€287,862 | -92.3% |
| Total equity and liabilities | 10/49 | €125,967,899 | €122,420,400 | -€3.5m | -2.8% |
| Equity | 10/15 | €52,597,396 | €53,638,419 | +€1.0m | +2.0% |
| Contributions | 10/11 | €50,030,000 | €50,030,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,567,396 | €3,608,419 | +€1.0m | +40.5% |
| Amounts payable | 17/49 | €73,370,503 | €68,781,981 | -€4.6m | -6.3% |
| Amounts payable within one year | 42/48 | €73,370,503 | €68,153,431 | -€5.2m | -7.1% |
| Trade debts | 44 | €227,445 | €158,032 | -€69,413 | -30.5% |
| Suppliers | 440/4 | €227,445 | €158,032 | -€69,413 | -30.5% |
| Taxes, remuneration and social security | 45 | - | €204,686 | +€204,686 | |
| Taxes | 450/3 | - | €204,686 | +€204,686 | |
| Other amounts payable | 47/48 | €73,143,058 | €67,790,714 | -€5.4m | -7.3% |
| Accrued charges and deferred income | 492/3 | - | €628,549 | +€628,549 | |
| Operating income | 70/76A | €2,809,562 | €9,317,904 | +€6.5m | +232% |
| Turnover | 70 | €2,809,562 | €9,317,904 | +€6.5m | +232% |
| Operating charges | 60/66A | €1,902,991 | €4,814,737 | +€2.9m | +153% |
| Services and other goods | 61 | €1,100,929 | €687,638 | -€413,291 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687,073 | €4,046,303 | +€3.4m | +489% |
| Other operating charges | 640/8 | €114,989 | €80,796 | -€34,192 | -29.7% |
| Operating profit (loss) | 9901 | €906,571 | €4,503,167 | +€3.6m | +397% |
| Financial charges | 65/66B | €4,822,639 | €3,225,189 | -€1.6m | -33.1% |
| Recurring financial charges | 65 | €4,822,639 | €3,225,189 | -€1.6m | -33.1% |
| Debt charges | 650 | €4,822,639 | €3,225,189 | -€1.6m | -33.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,916,068 | €1,277,978 | +€5.2m | |
| Income taxes | 67/77 | €14,598 | €236,955 | +€222,358 | +1,523% |
| Taxes | 670/3 | €14,598 | €236,955 | +€222,358 | +1,523% |
| Profit (loss) for the period | 9904 | -€3,930,665 | €1,041,023 | +€5.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,930,665 | €1,041,023 | +€5.0m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.