Ten Vo: 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 Vo
Largest movements
- Tangible fixed assets -€23,663
down €23,663 (-24.9%), from €94,892 to €71,229
of which Furniture and vehicles: -€22,462
- Cash +€10,576
up €10,576 (+8.6%), from €122,400 to €132,976
mainly Other debts (+€101,797) and Depreciation (+€23,663)
- Receivables after one year -€5,000
down €5,000 (-7.1%), from €70,000 to €65,000
- Profit (loss) carried forward -€117,566
down €117,566 (-67.6%), from €173,792 to €56,226
- Other debts +€101,797
up €101,797 (+83.7%), from €121,626 to €223,423
- Gross operating margin -€45,757
down €45,757 (-66.0%), from €69,324 to €23,567
- Taxes -€8,100
down €8,100 (-87.1%), from €9,297 to €1,197
- Depreciation +€1,773
up €1,773 (+8.1%), from €21,890 to €23,663
- Other operating charges -€1,538
down €1,538 (-55.6%), from €2,764 to €1,226
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 | €343,348 | €325,795 | -€17,553 | -5.1% |
| Fixed assets | 21/28 | €94,892 | €71,229 | -€23,663 | -24.9% |
| Tangible fixed assets | 22/27 | €94,892 | €71,229 | -€23,663 | -24.9% |
| Plant, machinery and equipment | 23 | €3,271 | €2,070 | -€1,201 | -36.7% |
| Furniture and vehicles | 24 | €91,621 | €69,159 | -€22,462 | -24.5% |
| Current assets | 29/58 | €248,456 | €254,566 | +€6,110 | +2.5% |
| Amounts receivable after more than one year | 29 | €70,000 | €65,000 | -€5,000 | -7.1% |
| Other amounts receivable | 291 | €70,000 | €65,000 | -€5,000 | -7.1% |
| Amounts receivable within one year | 40/41 | €44,333 | €42,604 | -€1,729 | -3.9% |
| Trade receivables | 40 | €7,050 | €98 | -€6,952 | -98.6% |
| Other amounts receivable | 41 | €37,283 | €42,505 | +€5,222 | +14.0% |
| Cash at bank and in hand | 54/58 | €122,400 | €132,976 | +€10,576 | +8.6% |
| Deferred charges and accrued income | 490/1 | €11,723 | €13,986 | +€2,263 | +19.3% |
| Total equity and liabilities | 10/49 | €343,348 | €325,795 | -€17,553 | -5.1% |
| Equity | 10/15 | €214,252 | €96,686 | -€117,566 | -54.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Distributable reserves | 133 | €21,860 | €21,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,792 | €56,226 | -€117,566 | -67.6% |
| Amounts payable | 17/49 | €129,097 | €229,109 | +€100,013 | +77.5% |
| Amounts payable within one year | 42/48 | €129,097 | €229,109 | +€100,013 | +77.5% |
| Trade debts | 44 | €2,563 | €1,624 | -€940 | -36.7% |
| Suppliers | 440/4 | €2,563 | €1,624 | -€940 | -36.7% |
| Taxes, remuneration and social security | 45 | €4,907 | €4,063 | -€845 | -17.2% |
| Taxes | 450/3 | €4,907 | €4,063 | -€845 | -17.2% |
| Other amounts payable | 47/48 | €121,626 | €223,423 | +€101,797 | +83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,890 | €23,663 | +€1,773 | +8.1% |
| Other operating charges | 640/8 | €2,764 | €1,226 | -€1,538 | -55.6% |
| Gross operating margin | 9900 | €69,324 | €23,567 | -€45,757 | -66.0% |
| Operating profit (loss) | 9901 | €44,670 | -€1,323 | -€45,993 | |
| Financial income | 75/76B | €5,050 | €5,020 | -€30 | -0.6% |
| Recurring financial income | 75 | €5,050 | €5,020 | -€30 | -0.6% |
| Financial charges | 65/66B | €67 | €66 | -€1 | -1.7% |
| Recurring financial charges | 65 | €67 | €66 | -€1 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €49,653 | €3,631 | -€46,022 | -92.7% |
| Income taxes | 67/77 | €9,297 | €1,197 | -€8,100 | -87.1% |
| Profit (loss) for the period | 9904 | €40,355 | €2,434 | -€37,921 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,355 | €2,434 | -€37,921 | -94.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.