TEN BOSSE: 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 BOSSE
Largest movements
- Receivables after one year -€229,058
down €229,058 (-74.4%), from €308,000 to €78,942
- Tangible fixed assets +€188,756
up €188,756 (+14.9%), from €1.3m to €1.5m
of which Land and buildings: +€211,493
- Receivables within one year -€98,571
down €98,571 (-57.8%), from €170,578 to €72,007
of which Trade receivables: -€85,813
- Cash +€52,637
up €52,637 (+5.6%), from €933,417 to €986,054
mainly Net result for the year (+€276,827) and Receivables after one year (+€229,058)
- Advances received -€68,198
down €68,198 (-31.6%), from €215,523 to €147,326
- Debts after one year -€55,213
down €55,213 (-15.3%), from €361,744 to €306,531
- Reserves +€35,713
up €35,713 (+2.5%), from €1.4m to €1.5m
of which Distributable reserves: +€35,713
- Trade debts +€33,056
up €33,056 (+71.3%), from €46,391 to €79,447
- Gross operating margin -€119,427
down €119,427 (-11.6%), from €1.0m to €911,119
- Taxes -€43,792
down €43,792 (-25.6%), from €171,077 to €127,285
- Staff costs +€23,819
up €23,819 (+7.5%), from €318,547 to €342,367
- Depreciation +€10,843
up €10,843 (+8.0%), from €134,706 to €145,548
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 | €2,685,615 | €2,599,380 | -€86,236 | -3.2% |
| Fixed assets | 21/28 | €1,271,121 | €1,459,877 | +€188,756 | +14.8% |
| Tangible fixed assets | 22/27 | €1,268,932 | €1,457,689 | +€188,756 | +14.9% |
| Land and buildings | 22 | €1,164,796 | €1,376,289 | +€211,493 | +18.2% |
| Plant, machinery and equipment | 23 | €51,456 | €40,877 | -€10,580 | -20.6% |
| Furniture and vehicles | 24 | €52,680 | €40,523 | -€12,157 | -23.1% |
| Financial fixed assets | 28 | €2,189 | €2,189 | = | 0.0% |
| Current assets | 29/58 | €1,414,495 | €1,139,502 | -€274,992 | -19.4% |
| Amounts receivable after more than one year | 29 | €308,000 | €78,942 | -€229,058 | -74.4% |
| Other amounts receivable | 291 | €308,000 | €78,942 | -€229,058 | -74.4% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €170,578 | €72,007 | -€98,571 | -57.8% |
| Trade receivables | 40 | €85,813 | - | -€85,813 | |
| Other amounts receivable | 41 | €84,765 | €72,007 | -€12,759 | -15.1% |
| Cash at bank and in hand | 54/58 | €933,417 | €986,054 | +€52,637 | +5.6% |
| Total equity and liabilities | 10/49 | €2,685,615 | €2,599,380 | -€86,236 | -3.2% |
| Equity | 10/15 | €1,918,992 | €1,954,705 | +€35,713 | +1.9% |
| Contributions | 10/11 | €470,000 | €470,000 | = | 0.0% |
| Reserves | 13 | €1,448,992 | €1,484,705 | +€35,713 | +2.5% |
| Non-distributable reserves | 130/1 | €47,000 | €47,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €47,000 | €47,000 | = | 0.0% |
| Distributable reserves | 133 | €1,401,992 | €1,437,705 | +€35,713 | +2.5% |
| Amounts payable | 17/49 | €766,624 | €644,675 | -€121,949 | -15.9% |
| Amounts payable after more than one year | 17 | €361,744 | €306,531 | -€55,213 | -15.3% |
| Financial debts | 170/4 | €361,744 | €306,531 | -€55,213 | -15.3% |
| Amounts payable within one year | 42/48 | €404,880 | €338,144 | -€66,736 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €54,285 | €55,213 | +€927 | +1.7% |
| Trade debts | 44 | €46,391 | €79,447 | +€33,056 | +71.3% |
| Suppliers | 440/4 | €46,391 | €79,447 | +€33,056 | +71.3% |
| Advances received on contracts in progress | 46 | €215,523 | €147,326 | -€68,198 | -31.6% |
| Taxes, remuneration and social security | 45 | €66,263 | €52,281 | -€13,982 | -21.1% |
| Taxes | 450/3 | €36,725 | €29,661 | -€7,064 | -19.2% |
| Remuneration and social security | 454/9 | €29,538 | €22,620 | -€6,918 | -23.4% |
| Other amounts payable | 47/48 | €22,418 | €3,878 | -€18,540 | -82.7% |
| Remuneration, social security and pensions | 62 | €318,547 | €342,367 | +€23,819 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,706 | €145,548 | +€10,843 | +8.0% |
| Other operating charges | 640/8 | €18,451 | €17,071 | -€1,379 | -7.5% |
| Gross operating margin | 9900 | €1,030,546 | €911,119 | -€119,427 | -11.6% |
| Operating profit (loss) | 9901 | €558,842 | €406,132 | -€152,710 | -27.3% |
| Financial income | 75/76B | €5,831 | €5,548 | -€283 | -4.9% |
| Recurring financial income | 75 | €5,831 | €5,548 | -€283 | -4.9% |
| Financial charges | 65/66B | €12,688 | €7,568 | -€5,119 | -40.3% |
| Recurring financial charges | 65 | €12,688 | €7,568 | -€5,119 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €551,985 | €404,112 | -€147,874 | -26.8% |
| Income taxes | 67/77 | €171,077 | €127,285 | -€43,792 | -25.6% |
| Profit (loss) for the period | 9904 | €380,908 | €276,827 | -€104,082 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €380,908 | €276,827 | -€104,082 | -27.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.