T-ENTERPRISE: 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.
T-ENTERPRISE
Largest movements
- Receivables within one year -€262,199
down €262,199 (-92.3%), from €284,110 to €21,912
of which Other amounts receivable: -€262,199
- Cash +€195,571
up €195,571 (+241%), from €81,185 to €276,756
mainly Receivables within one year (+€262,199) and Net result for the year (+€192,307)
- Tangible fixed assets -€26,729
down €26,729 (-6.8%), from €395,662 to €368,933
of which Land and buildings: -€21,439
- Deferred charges and accrued income +€20,188
up €20,188 (+228%), from €8,857 to €29,045
- Debts after one year -€68,436
down €68,436 (-49.2%), from €139,020 to €70,585
- Tax, wage and social debts -€32,427
down €32,427 (-79.8%), from €40,634 to €8,207
of which Taxes: -€32,427
- Other debts +€22,717
up €22,717 (+12.7%), from €178,400 to €201,117
- Financial income -€159,819
down €159,819 (-54.5%), from €293,185 to €133,366
- Taxes -€15,409
down €15,409 (-27.7%), from €55,689 to €40,280
- Gross operating margin -€13,421
down €13,421 (-8.7%), from €153,459 to €140,037
- Depreciation -€9,506
down €9,506 (-25.6%), from €37,099 to €27,593
- Financial charges -€3,076
down €3,076 (-26.9%), from €11,420 to €8,344
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 | €1,270,639 | €1,197,469 | -€73,169 | -5.8% |
| Fixed assets | 21/28 | €896,487 | €869,758 | -€26,729 | -3.0% |
| Tangible fixed assets | 22/27 | €395,662 | €368,933 | -€26,729 | -6.8% |
| Land and buildings | 22 | €390,333 | €368,894 | -€21,439 | -5.5% |
| Furniture and vehicles | 24 | €5,328 | €38 | -€5,290 | -99.3% |
| Financial fixed assets | 28 | €500,825 | €500,825 | = | 0.0% |
| Current assets | 29/58 | €374,152 | €327,712 | -€46,440 | -12.4% |
| Amounts receivable within one year | 40/41 | €284,110 | €21,912 | -€262,199 | -92.3% |
| Trade receivables | 40 | €17,676 | €17,676 | = | 0.0% |
| Other amounts receivable | 41 | €266,434 | €4,235 | -€262,199 | -98.4% |
| Cash at bank and in hand | 54/58 | €81,185 | €276,756 | +€195,571 | +241% |
| Deferred charges and accrued income | 490/1 | €8,857 | €29,045 | +€20,188 | +228% |
| Total equity and liabilities | 10/49 | €1,270,639 | €1,197,469 | -€73,169 | -5.8% |
| Equity | 10/15 | €827,917 | €819,107 | -€8,810 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €808,470 | €800,507 | -€7,963 | -1.0% |
| Distributable reserves | 133 | €808,470 | €800,507 | -€7,963 | -1.0% |
| Profit (loss) carried forward | 14 | €847 | €0 | -€847 | -100% |
| Amounts payable | 17/49 | €442,722 | €378,363 | -€64,359 | -14.5% |
| Amounts payable after more than one year | 17 | €139,020 | €70,585 | -€68,436 | -49.2% |
| Financial debts | 170/4 | €139,020 | €70,585 | -€68,436 | -49.2% |
| Amounts payable within one year | 42/48 | €303,702 | €307,778 | +€4,076 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €65,488 | €68,436 | +€2,948 | +4.5% |
| Financial debts | 43 | €0 | €8,891 | +€8,891 | |
| Credit institutions | 430/8 | €0 | €8,891 | +€8,891 | |
| Trade debts | 44 | €19,180 | €21,128 | +€1,948 | +10.2% |
| Suppliers | 440/4 | €19,180 | €21,128 | +€1,948 | +10.2% |
| Taxes, remuneration and social security | 45 | €40,634 | €8,207 | -€32,427 | -79.8% |
| Taxes | 450/3 | €40,634 | €8,207 | -€32,427 | -79.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €178,400 | €201,117 | +€22,717 | +12.7% |
| Non-recurring operating income | 76A | - | €20,792 | +€20,792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,099 | €27,593 | -€9,506 | -25.6% |
| Other operating charges | 640/8 | €4,188 | €4,880 | +€693 | +16.5% |
| Gross operating margin | 9900 | €153,459 | €140,037 | -€13,421 | -8.7% |
| Operating profit (loss) | 9901 | €112,172 | €107,564 | -€4,608 | -4.1% |
| Financial income | 75/76B | €293,185 | €133,366 | -€159,819 | -54.5% |
| Recurring financial income | 75 | €293,185 | €133,366 | -€159,819 | -54.5% |
| Financial charges | 65/66B | €11,420 | €8,344 | -€3,076 | -26.9% |
| Recurring financial charges | 65 | €11,420 | €8,344 | -€3,076 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €393,937 | €232,587 | -€161,350 | -41.0% |
| Income taxes | 67/77 | €55,689 | €40,280 | -€15,409 | -27.7% |
| Profit (loss) for the period | 9904 | €338,247 | €192,307 | -€145,940 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €338,247 | €192,307 | -€145,940 | -43.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.