TEN DAUWE: 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 DAUWE
Largest movements
- Tangible fixed assets -€24,915
down €24,915 (-4.0%), from €623,590 to €598,676
of which Land and buildings: -€24,338
- Receivables within one year -€23,561
down €23,561 (-8.9%), from €265,991 to €242,430
of which Trade receivables: -€18,881
- Other debts -€150,714
down €150,714 (-66.5%), from €226,516 to €75,802
- Debts after one year +€150,000
up €150,000 (+19.1%), from €785,000 to €935,000
of which Financial debts: +€150,000
- Profit (loss) carried forward -€30,003
down €30,003, from €101 to -€29,901
- Gross operating margin -€8,383
down €8,383 (-40.5%), from €20,682 to €12,299
- Other operating charges +€6,861
up €6,861 (+76.2%), from €8,999 to €15,860
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 | €1,567,976 | €1,523,985 | -€43,991 | -2.8% |
| Fixed assets | 21/28 | €623,755 | €598,841 | -€24,915 | -4.0% |
| Tangible fixed assets | 22/27 | €623,590 | €598,676 | -€24,915 | -4.0% |
| Land and buildings | 22 | €619,838 | €595,500 | -€24,338 | -3.9% |
| Plant, machinery and equipment | 23 | €2,952 | €2,376 | -€577 | -19.5% |
| Other tangible fixed assets | 26 | €800 | €800 | = | 0.0% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €944,221 | €925,145 | -€19,076 | -2.0% |
| Stocks and contracts in progress | 3 | €674,409 | €674,409 | = | 0.0% |
| Stocks | 30/36 | €674,409 | €674,409 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €265,991 | €242,430 | -€23,561 | -8.9% |
| Trade receivables | 40 | €121,556 | €102,675 | -€18,881 | -15.5% |
| Other amounts receivable | 41 | €144,435 | €139,755 | -€4,680 | -3.2% |
| Cash at bank and in hand | 54/58 | €3,821 | €8,305 | +€4,484 | +117% |
| Total equity and liabilities | 10/49 | €1,567,976 | €1,523,985 | -€43,991 | -2.8% |
| Equity | 10/15 | €443,101 | €413,099 | -€30,003 | -6.8% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Capital | 10 | €425,000 | €425,000 | = | 0.0% |
| Issued capital | 100 | €425,000 | €425,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101 | -€29,901 | -€30,003 | |
| Provisions and deferred taxes | 16 | €76,748 | €76,748 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €76,748 | €76,748 | = | 0.0% |
| Pensions and similar obligations | 160 | €76,748 | €76,748 | = | 0.0% |
| Amounts payable | 17/49 | €1,048,126 | €1,034,138 | -€13,988 | -1.3% |
| Amounts payable after more than one year | 17 | €785,000 | €935,000 | +€150,000 | +19.1% |
| Financial debts | 170/4 | €435,000 | €585,000 | +€150,000 | +34.5% |
| Other amounts payable | 178/9 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €263,126 | €99,138 | -€163,988 | -62.3% |
| Trade debts | 44 | €24,564 | €22,521 | -€2,042 | -8.3% |
| Suppliers | 440/4 | €24,564 | €22,521 | -€2,042 | -8.3% |
| Taxes, remuneration and social security | 45 | €12,047 | €815 | -€11,232 | -93.2% |
| Taxes | 450/3 | €12,047 | €815 | -€11,232 | -93.2% |
| Other amounts payable | 47/48 | €226,516 | €75,802 | -€150,714 | -66.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,915 | €24,915 | = | 0.0% |
| Other operating charges | 640/8 | €8,999 | €15,860 | +€6,861 | +76.2% |
| Gross operating margin | 9900 | €20,682 | €12,299 | -€8,383 | -40.5% |
| Operating profit (loss) | 9901 | -€13,232 | -€28,476 | -€15,243 | -115% |
| Financial income | 75/76B | €39 | €0 | -€39 | -100% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -100% |
| Financial charges | 65/66B | €1,271 | €1,386 | +€115 | +9.0% |
| Recurring financial charges | 65 | €1,271 | €1,386 | +€115 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,464 | -€29,861 | -€15,397 | -106% |
| Income taxes | 67/77 | €134 | €141 | +€7 | +5.4% |
| Profit (loss) for the period | 9904 | -€14,599 | -€30,003 | -€15,404 | -106% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,599 | -€30,003 | -€15,404 | -106% |
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 19 October 2026 via checked.be.