Ten Eede: what changed
Two fiscal 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 Eede
Largest movements
- Tangible fixed assets +€569,105
new in 2025: €569,105
of which Land and buildings: +€555,049
- Deferred charges and accrued income -€490,713
down €490,713 (-98.8%), from €496,442 to €5,729
- Cash +€24,420
up €24,420 (+1504.2%), from €1,623 to €26,044
mainly Deferred charges and accrued income (+€490,713) and Debts after one year (+€182,583)
- Debts after one year +€182,583
new in 2025: €182,583
- Trade debts -€56,265
down €56,265 (-94.5%), from €59,540 to €3,275
- Tax, wage and social debts -€12,625
down €12,625 (-69.4%), from €18,201 to €5,576
- Profit (loss) carried forward -€9,002
down €9,002 (-11.1%), from -€81,384 to -€90,385
- Current portion of long-term debt +€7,653
up €7,653 (+89.0%), from €8,597 to €16,250
- Financial income -€244,353
no longer reported in 2025 (was €244,353)
of which Financial income: -€244,353
- Gross operating margin +€27,027
up €27,027, from -€2,935 to €24,093
- Depreciation +€21,485
new in 2025: €21,485
- Write-downs -€3,482
no longer reported in 2025 (was €3,482)
- Other operating charges +€3,270
up €3,270 (+95.7%), from €3,418 to €6,688
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.
Cash bridge derived
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 | €572,563 | €673,723 | +€101,159 | +17.7% |
| Fixed assets | 21/28 | - | €569,105 | +€569,105 | |
| Tangible fixed assets | 22/27 | - | €569,105 | +€569,105 | |
| Land and buildings | 22 | - | €555,049 | +€555,049 | |
| Plant, machinery and equipment | 23 | - | €1,359 | +€1,359 | |
| Other tangible fixed assets | 26 | - | €12,698 | +€12,698 | |
| Current assets | 29/58 | €572,563 | €104,618 | -€467,946 | -81.7% |
| Amounts receivable within one year | 40/41 | €74,498 | €72,845 | -€1,653 | -2.2% |
| Trade receivables | 40 | €72,526 | €27,986 | -€44,540 | -61.4% |
| Other amounts receivable | 41 | €1,972 | €44,859 | +€42,887 | +2174.5% |
| Cash at bank and in hand | 54/58 | €1,623 | €26,044 | +€24,420 | +1504.2% |
| Deferred charges and accrued income | 490/1 | €496,442 | €5,729 | -€490,713 | -98.8% |
| Total equity and liabilities | 10/49 | €572,563 | €673,723 | +€101,159 | +17.7% |
| Equity | 10/15 | €415,722 | €405,393 | -€10,329 | -2.5% |
| Contributions | 10/11 | €55,200 | €55,200 | = | 0.0% |
| Reserves | 13 | €441,906 | €440,579 | -€1,327 | -0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €183,265 | €181,937 | -€1,327 | -0.7% |
| Distributable reserves | 133 | €256,781 | €256,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,384 | -€90,385 | -€9,002 | -11.1% |
| Provisions and deferred taxes | 16 | €61,088 | €60,646 | -€442 | -0.7% |
| Deferred taxes | 168 | €61,088 | €60,646 | -€442 | -0.7% |
| Amounts payable | 17/49 | €95,753 | €207,684 | +€111,931 | +116.9% |
| Amounts payable after more than one year | 17 | - | €182,583 | +€182,583 | |
| Financial debts | 170/4 | - | €182,583 | +€182,583 | |
| Amounts payable within one year | 42/48 | €95,753 | €25,100 | -€70,653 | -73.8% |
| Current portion of amounts payable after more than one year | 42 | €8,597 | €16,250 | +€7,653 | +89.0% |
| Financial debts | 43 | €5,167 | - | -€5,167 | |
| Credit institutions | 430/8 | €5,167 | - | -€5,167 | |
| Trade debts | 44 | €59,540 | €3,275 | -€56,265 | -94.5% |
| Suppliers | 440/4 | €59,540 | €3,275 | -€56,265 | -94.5% |
| Taxes, remuneration and social security | 45 | €18,201 | €5,576 | -€12,625 | -69.4% |
| Taxes | 450/3 | €18,201 | €5,576 | -€12,625 | -69.4% |
| Other amounts payable | 47/48 | €4,248 | - | -€4,248 | |
| Remuneration, social security and pensions | 62 | - | €69 | +€69 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €21,485 | +€21,485 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,482 | - | -€3,482 | |
| Other operating charges | 640/8 | €3,418 | €6,688 | +€3,270 | +95.7% |
| Gross operating margin | 9900 | -€2,935 | €24,093 | +€27,027 | |
| Operating profit (loss) | 9901 | -€9,835 | -€4,150 | +€5,685 | +57.8% |
| Financial income | 75/76B | €244,353 | - | -€244,353 | |
| Recurring financial income | 75 | €244,353 | - | -€244,353 | |
| Non-recurring financial income | 76B | €244,353 | - | -€244,353 | |
| Financial charges | 65/66B | €9,651 | €6,540 | -€3,111 | -32.2% |
| Recurring financial charges | 65 | €9,651 | €6,540 | -€3,111 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €224,867 | -€10,690 | -€235,557 | |
| Transfer from deferred taxes | 780 | - | €442 | +€442 | |
| Transfer to deferred taxes | 680 | €61,088 | - | -€61,088 | |
| Income taxes | 67/77 | €35 | €81 | +€46 | +133.4% |
| Profit (loss) for the period | 9904 | €163,744 | -€10,329 | -€174,073 | |
| Transfer from tax-exempt reserves | 789 | - | €1,327 | +€1,327 | |
| Transfer to tax-exempt reserves | 689 | €183,265 | - | -€183,265 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,521 | -€9,002 | +€10,519 | +53.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.