TEN BERGHE: 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.
TEN BERGHE
Largest movements
- Cash +€66,314
up €66,314 (+81.7%), from €81,213 to €147,527
mainly Depreciation (+€65,537) and Receivables within one year (+€41,274)
- Tangible fixed assets -€49,172
down €49,172 (-5.7%), from €859,668 to €810,497
of which Land and buildings: -€33,019
- Receivables within one year -€41,274
down €41,274 (-19.5%), from €211,161 to €169,887
- Current investments +€35,000
up €35,000 (+4.4%), from €795,000 to €830,000
- Debts after one year -€30,750
down €30,750 (-23.1%), from €133,250 to €102,500
- Gross operating margin -€32,790
down €32,790 (-24.7%), from €132,849 to €100,059
- Taxes -€6,380
down €6,380 (-34.6%), from €18,435 to €12,055
- Financial income -€4,601
down €4,601 (-13.6%), from €33,734 to €29,133
- Financial charges -€2,541
down €2,541 (-9.4%), from €27,124 to €24,582
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 | €1,955,520 | €1,963,229 | +€7,709 | +0.4% |
| Fixed assets | 21/28 | €859,668 | €811,497 | -€48,172 | -5.6% |
| Tangible fixed assets | 22/27 | €859,668 | €810,497 | -€49,172 | -5.7% |
| Land and buildings | 22 | €816,048 | €783,029 | -€33,019 | -4.0% |
| Plant, machinery and equipment | 23 | €10,943 | €9,455 | -€1,489 | -13.6% |
| Furniture and vehicles | 24 | €29,884 | €7,858 | -€22,027 | -73.7% |
| Other tangible fixed assets | 26 | €2,792 | €10,155 | +€7,362 | +264% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €1,095,852 | €1,151,733 | +€55,881 | +5.1% |
| Amounts receivable within one year | 40/41 | €211,161 | €169,887 | -€41,274 | -19.5% |
| Other amounts receivable | 41 | €211,161 | €169,887 | -€41,274 | -19.5% |
| Current investments | 50/53 | €795,000 | €830,000 | +€35,000 | +4.4% |
| Cash at bank and in hand | 54/58 | €81,213 | €147,527 | +€66,314 | +81.7% |
| Deferred charges and accrued income | 490/1 | €8,478 | €4,319 | -€4,159 | -49.1% |
| Total equity and liabilities | 10/49 | €1,955,520 | €1,963,229 | +€7,709 | +0.4% |
| Equity | 10/15 | €1,443,634 | €1,461,686 | +€18,052 | +1.3% |
| Contributions | 10/11 | €6,448 | €6,448 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,435,326 | €1,453,378 | +€18,052 | +1.3% |
| Amounts payable | 17/49 | €511,887 | €501,543 | -€10,343 | -2.0% |
| Amounts payable after more than one year | 17 | €133,250 | €102,500 | -€30,750 | -23.1% |
| Financial debts | 170/4 | €133,250 | €102,500 | -€30,750 | -23.1% |
| Amounts payable within one year | 42/48 | €378,637 | €399,043 | +€20,407 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €30,750 | €30,750 | = | 0.0% |
| Trade debts | 44 | €7,981 | €25,083 | +€17,101 | +214% |
| Suppliers | 440/4 | €7,981 | €25,083 | +€17,101 | +214% |
| Taxes, remuneration and social security | 45 | €18,360 | €22,421 | +€4,061 | +22.1% |
| Taxes | 450/3 | €12,734 | €16,776 | +€4,043 | +31.7% |
| Remuneration and social security | 454/9 | €5,626 | €5,644 | +€18 | +0.3% |
| Other amounts payable | 47/48 | €321,545 | €320,790 | -€755 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,217 | €65,537 | -€680 | -1.0% |
| Other operating charges | 640/8 | €8,187 | €8,965 | +€778 | +9.5% |
| Gross operating margin | 9900 | €132,849 | €100,059 | -€32,790 | -24.7% |
| Operating profit (loss) | 9901 | €58,445 | €25,557 | -€32,888 | -56.3% |
| Financial income | 75/76B | €33,734 | €29,133 | -€4,601 | -13.6% |
| Recurring financial income | 75 | €33,734 | €29,133 | -€4,601 | -13.6% |
| Financial charges | 65/66B | €27,124 | €24,582 | -€2,541 | -9.4% |
| Recurring financial charges | 65 | €27,124 | €24,582 | -€2,541 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €65,055 | €30,108 | -€34,947 | -53.7% |
| Income taxes | 67/77 | €18,435 | €12,055 | -€6,380 | -34.6% |
| Profit (loss) for the period | 9904 | €46,620 | €18,052 | -€28,568 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,620 | €18,052 | -€28,568 | -61.3% |
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 25 October 2026 via checked.be.