TEN GROUP BELGIUM: what changed
What changed
TEN GROUP BELGIUM
NACE 79.110, Travel agency activities
filed annual accounts (NBB)
Net result for the year
€15,288
2024 · €15,763-€475
Equity
€931,720
2024 · €916,431+€15,288
Cash
€375,507
2024 · €96,685+€278,821
Balance sheet total
€3.6m
2024 · €2.4m+€1.1m
Largest movements
Assets
- Receivables within one year +€856,565
up €856,565 (+37.5%), from €2.3m to €3.1m
of which Other amounts receivable: +€624,284
- Cash +€278,821
up €278,821 (+288%), from €96,685 to €375,507
mainly Trade debts (+€1.1m) and Tax, wage and social debts (+€34,534)
Equity and liabilities
- Trade debts +€1.1m
up €1.1m (+78.4%), from €1.4m to €2.5m
Income statement
- Staff costs +€19,535
up €19,535 (+2.9%), from €667,363 to €686,898
- Gross operating margin +€16,000
up €16,000 (+2.2%), from €740,765 to €756,765
- Taxes -€15,317
down €15,317 (-34.3%), from €44,656 to €29,338
- Financial charges +€13,002
up €13,002 (+128%), from €10,132 to €23,135
of which Financial charges: +€17,715
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,763
Gross operating margin
+€16,000
Staff costs
-€19,535
Depreciation
-€202
Write-downs
+€997
Other operating charges
-€50
Financial charges
-€13,002
Taxes
+€15,317
Result 2025
€15,288
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€288,821
Investment
-€10,000
Financing
€0
Cash 2024
€96,685
From operations (derived)
+€288,821
Net result for the year
+€15,288
Depreciation
+€1,560
Receivables within one year
-€856,565
Trade debts
+€1.1m
Tax, wage and social debts
+€34,534
Accrued charges and deferred income
+€2,432
Investment (derived)
-€10,000
Investment in fixed assets (net)
-€10,000
Cash 2025
€375,507
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,421,680 | €3,565,506 | +€1.1m | +47.2% |
| Fixed assets | 21/28 | €43,234 | €51,675 | +€8,440 | +19.5% |
| Tangible fixed assets | 22/27 | €4,622 | €3,062 | -€1,560 | -33.7% |
| Plant, machinery and equipment | 23 | €4,622 | €3,062 | -€1,560 | -33.7% |
| Financial fixed assets | 28 | €38,613 | €48,613 | +€10,000 | +25.9% |
| Current assets | 29/58 | €2,378,446 | €3,513,832 | +€1.1m | +47.7% |
| Amounts receivable within one year | 40/41 | €2,281,760 | €3,138,325 | +€856,565 | +37.5% |
| Trade receivables | 40 | €284,220 | €516,501 | +€232,281 | +81.7% |
| Other amounts receivable | 41 | €1,997,540 | €2,621,824 | +€624,284 | +31.3% |
| Cash at bank and in hand | 54/58 | €96,685 | €375,507 | +€278,821 | +288% |
| Total equity and liabilities | 10/49 | €2,421,680 | €3,565,506 | +€1.1m | +47.2% |
| Equity | 10/15 | €916,431 | €931,720 | +€15,288 | +1.7% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €566,431 | €581,720 | +€15,288 | +2.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €566,431 | €581,720 | +€15,288 | +2.7% |
| Amounts payable | 17/49 | €1,505,248 | €2,633,787 | +€1.1m | +75.0% |
| Amounts payable within one year | 42/48 | €1,477,266 | €2,603,373 | +€1.1m | +76.2% |
| Trade debts | 44 | €1,392,035 | €2,483,608 | +€1.1m | +78.4% |
| Suppliers | 440/4 | €1,392,035 | €2,483,608 | +€1.1m | +78.4% |
| Taxes, remuneration and social security | 45 | €85,231 | €119,765 | +€34,534 | +40.5% |
| Taxes | 450/3 | €26,933 | €24,722 | -€2,211 | -8.2% |
| Remuneration and social security | 454/9 | €58,298 | €95,043 | +€36,745 | +63.0% |
| Accrued charges and deferred income | 492/3 | €27,982 | €30,414 | +€2,432 | +8.7% |
| Remuneration, social security and pensions | 62 | €667,363 | €686,898 | +€19,535 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,358 | €1,560 | +€202 | +14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,493 | €496 | -€997 | -66.8% |
| Other operating charges | 640/8 | €0 | €50 | +€50 | |
| Gross operating margin | 9900 | €740,765 | €756,765 | +€16,000 | +2.2% |
| Operating profit (loss) | 9901 | €70,551 | €67,761 | -€2,790 | -4.0% |
| Financial charges | 65/66B | €10,132 | €23,135 | +€13,002 | +128% |
| Recurring financial charges | 65 | €5,420 | €23,135 | +€17,715 | +327% |
| Non-recurring financial charges | 66B | €4,713 | €0 | -€4,713 | -100% |
| Profit (loss) for the period before taxes | 9903 | €60,419 | €44,627 | -€15,792 | -26.1% |
| Income taxes | 67/77 | €44,656 | €29,338 | -€15,317 | -34.3% |
| Profit (loss) for the period | 9904 | €15,763 | €15,288 | -€475 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,763 | €15,288 | -€475 | -3.0% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.