TEN VELDE: 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 VELDE
Largest movements
- Tangible fixed assets -€45,901
down €45,901 (-18.0%), from €254,506 to €208,605
of which Furniture and vehicles: -€37,913
- Cash +€35,667
up €35,667 (+414%), from €8,624 to €44,291
mainly Net result for the year (+€43,597) and Investment in fixed assets (net) (+€30,879)
- Receivables within one year -€15,621
down €15,621 (-79.8%), from €19,568 to €3,947
of which Other amounts receivable: -€13,783
- Debts after one year -€71,897
down €71,897 (-34.8%), from €206,519 to €134,622
- Reserves +€30,777
new in 2025: €30,777
- Profit (loss) carried forward +€12,820
no longer reported in 2025 (was -€12,820)
- Trade debts -€7,215
down €7,215 (-55.7%), from €12,946 to €5,731
- Other debts +€5,163
up €5,163 (+47.3%), from €10,907 to €16,070
- Gross operating margin +€52,134
up €52,134 (+443%), from €11,768 to €63,902
- Depreciation -€6,641
down €6,641 (-30.7%), from €21,663 to €15,022
- Taxes +€3,094
up €3,094 (+2,417%), from €128 to €3,222
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 | €282,698 | €256,842 | -€25,856 | -9.1% |
| Fixed assets | 21/28 | €254,506 | €208,605 | -€45,901 | -18.0% |
| Tangible fixed assets | 22/27 | €254,506 | €208,605 | -€45,901 | -18.0% |
| Land and buildings | 22 | €204,445 | €194,199 | -€10,245 | -5.0% |
| Plant, machinery and equipment | 23 | €1,727 | €3,983 | +€2,256 | +131% |
| Furniture and vehicles | 24 | €48,334 | €10,422 | -€37,913 | -78.4% |
| Current assets | 29/58 | €28,192 | €48,238 | +€20,046 | +71.1% |
| Amounts receivable within one year | 40/41 | €19,568 | €3,947 | -€15,621 | -79.8% |
| Trade receivables | 40 | €5,786 | €3,947 | -€1,838 | -31.8% |
| Other amounts receivable | 41 | €13,783 | - | -€13,783 | |
| Cash at bank and in hand | 54/58 | €8,624 | €44,291 | +€35,667 | +414% |
| Total equity and liabilities | 10/49 | €282,698 | €256,842 | -€25,856 | -9.1% |
| Equity | 10/15 | €37,180 | €80,777 | +€43,597 | +117% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €30,777 | +€30,777 | |
| Distributable reserves | 133 | - | €30,777 | +€30,777 | |
| Profit (loss) carried forward | 14 | -€12,820 | - | +€12,820 | |
| Amounts payable | 17/49 | €245,518 | €176,066 | -€69,453 | -28.3% |
| Amounts payable after more than one year | 17 | €206,519 | €134,622 | -€71,897 | -34.8% |
| Financial debts | 170/4 | €206,519 | €134,622 | -€71,897 | -34.8% |
| Amounts payable within one year | 42/48 | €38,654 | €41,444 | +€2,790 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,973 | +€4,973 | |
| Trade debts | 44 | €12,946 | €5,731 | -€7,215 | -55.7% |
| Suppliers | 440/4 | €12,946 | €5,731 | -€7,215 | -55.7% |
| Taxes, remuneration and social security | 45 | €14,801 | €14,669 | -€131 | -0.9% |
| Taxes | 450/3 | €14,801 | €14,669 | -€131 | -0.9% |
| Other amounts payable | 47/48 | €10,907 | €16,070 | +€5,163 | +47.3% |
| Accrued charges and deferred income | 492/3 | €345 | - | -€345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,663 | €15,022 | -€6,641 | -30.7% |
| Other operating charges | 640/8 | €578 | €1,086 | +€507 | +87.7% |
| Gross operating margin | 9900 | €11,768 | €63,902 | +€52,134 | +443% |
| Operating profit (loss) | 9901 | -€10,473 | €47,794 | +€58,268 | |
| Financial income | 75/76B | €38 | €15 | -€23 | -61.4% |
| Recurring financial income | 75 | €38 | €15 | -€23 | -61.4% |
| Financial charges | 65/66B | €1,031 | €990 | -€41 | -3.9% |
| Recurring financial charges | 65 | €1,031 | €990 | -€41 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,467 | €46,818 | +€58,285 | |
| Income taxes | 67/77 | €128 | €3,222 | +€3,094 | +2,417% |
| Profit (loss) for the period | 9904 | -€11,595 | €43,597 | +€55,192 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,595 | €43,597 | +€55,192 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.