TEN TAEGE: 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 TAEGE
Largest movements
- Current investments +€1.3m
new in 2025: €1.3m
- Tangible fixed assets -€429,788
down €429,788 (-13.7%), from €3.1m to €2.7m
- Profit (loss) carried forward +€763,154
up €763,154, from -€334,898 to €428,256
- Other debts +€65,031
up €65,031 (+7.5%), from €868,163 to €933,194
- Reserves +€43,685
up €43,685 (+22.0%), from €198,315 to €242,000
- Gross operating margin +€731,661
up €731,661 (+613%), from €119,425 to €851,086
- Depreciation -€65,373
no longer reported in 2025 (was €65,373)
- Financial charges +€25,158
up €25,158 (+590%), from €4,265 to €29,423
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 | €3,153,708 | €4,026,172 | +€872,464 | +27.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €3,128,501 | €2,698,714 | -€429,788 | -13.7% |
| Tangible fixed assets | 22/27 | €3,128,335 | €2,698,547 | -€429,788 | -13.7% |
| Land and buildings | 22 | €3,128,335 | €2,698,547 | -€429,788 | -13.7% |
| Financial fixed assets | 28 | €167 | €167 | = | 0.0% |
| Current assets | 29/58 | €25,207 | €1,327,458 | +€1.3m | +5,166% |
| Amounts receivable within one year | 40/41 | €10,210 | €42,375 | +€32,166 | +315% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,210 | €42,375 | +€32,166 | +315% |
| Current investments | 50/53 | - | €1,250,000 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €14,997 | €35,083 | +€20,086 | +134% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,153,708 | €4,026,172 | +€872,464 | +27.7% |
| Equity | 10/15 | €2,283,417 | €3,090,256 | +€806,840 | +35.3% |
| Contributions | 10/11 | €2,420,000 | €2,420,000 | = | 0.0% |
| Capital | 10 | €2,420,000 | €2,420,000 | = | 0.0% |
| Issued capital | 100 | €2,420,000 | €2,420,000 | = | 0.0% |
| Reserves | 13 | €198,315 | €242,000 | +€43,685 | +22.0% |
| Non-distributable reserves | 130/1 | €198,315 | €242,000 | +€43,685 | +22.0% |
| Legal reserve | 130 | €198,315 | €242,000 | +€43,685 | +22.0% |
| Profit (loss) carried forward | 14 | -€334,898 | €428,256 | +€763,154 | |
| Amounts payable | 17/49 | €870,291 | €935,916 | +€65,624 | +7.5% |
| Amounts payable within one year | 42/48 | €870,291 | €935,916 | +€65,624 | +7.5% |
| Trade debts | 44 | €2,129 | €2,722 | +€593 | +27.9% |
| Suppliers | 440/4 | €2,129 | €2,722 | +€593 | +27.9% |
| Other amounts payable | 47/48 | €868,163 | €933,194 | +€65,031 | +7.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €132,144 | €849,602 | +€717,458 | +543% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,373 | - | -€65,373 | |
| Other operating charges | 640/8 | €9,387 | €3,224 | -€6,163 | -65.6% |
| Non-recurring operating charges | 66A | €102,722 | €13,990 | -€88,733 | -86.4% |
| Gross operating margin | 9900 | €119,425 | €851,086 | +€731,661 | +613% |
| Operating profit (loss) | 9901 | -€58,058 | €833,872 | +€891,930 | |
| Financial income | 75/76B | €704 | €2,391 | +€1,687 | +240% |
| Recurring financial income | 75 | €704 | €2,391 | +€1,687 | +240% |
| Financial charges | 65/66B | €4,265 | €29,423 | +€25,158 | +590% |
| Recurring financial charges | 65 | €4,265 | €29,423 | +€25,158 | +590% |
| Profit (loss) for the period before taxes | 9903 | -€61,619 | €806,840 | +€868,458 | |
| Profit (loss) for the period | 9904 | -€61,619 | €806,840 | +€868,458 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,619 | €806,840 | +€868,458 |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.