TENAS: 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.
TENAS
Largest movements
- Receivables within one year +€35,885
up €35,885 (+105.1%), from €34,160 to €70,045
of which Other amounts receivable: +€19,619
- Cash -€8,833
down €8,833 (-27.8%), from €31,739 to €22,906
mainly Contributions, distributions and other (-€55,000) and Receivables within one year (-€35,885)
- Tangible fixed assets -€2,193
down €2,193 (-15.7%), from €13,967 to €11,775
of which Plant, machinery and equipment: -€1,205
- Reserves +€13,833
up €13,833 (+92.2%), from €15,000 to €28,833
- Other debts +€13,177
up €13,177 (+31.5%), from €41,823 to €55,000
- Tax, wage and social debts -€3,316
down €3,316 (-24.1%), from €13,780 to €10,464
of which Taxes: -€3,969
- Trade debts +€1,672
up €1,672 (+266.1%), from €629 to €2,301
- Gross operating margin +€40,763
up €40,763 (+44.7%), from €91,289 to €132,052
- Taxes +€13,136
up €13,136 (+75.0%), from €17,510 to €30,646
- Staff costs +€3,044
up €3,044 (+12.7%), from €24,039 to €27,083
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 | €79,891 | €105,257 | +€25,366 | +31.8% |
| Fixed assets | 21/28 | €13,992 | €11,800 | -€2,193 | -15.7% |
| Tangible fixed assets | 22/27 | €13,967 | €11,775 | -€2,193 | -15.7% |
| Plant, machinery and equipment | 23 | €10,385 | €9,179 | -€1,205 | -11.6% |
| Furniture and vehicles | 24 | €3,314 | €2,596 | -€718 | -21.7% |
| Other tangible fixed assets | 26 | €269 | - | -€269 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €65,899 | €93,458 | +€27,559 | +41.8% |
| Amounts receivable within one year | 40/41 | €34,160 | €70,045 | +€35,885 | +105.1% |
| Trade receivables | 40 | €11,694 | €27,960 | +€16,266 | +139.1% |
| Other amounts receivable | 41 | €22,466 | €42,085 | +€19,619 | +87.3% |
| Cash at bank and in hand | 54/58 | €31,739 | €22,906 | -€8,833 | -27.8% |
| Deferred charges and accrued income | 490/1 | - | €506 | +€506 | |
| Total equity and liabilities | 10/49 | €79,891 | €105,257 | +€25,366 | +31.8% |
| Equity | 10/15 | €23,660 | €37,493 | +€13,833 | +58.5% |
| Contributions | 10/11 | €8,660 | €8,660 | = | 0.0% |
| Reserves | 13 | €15,000 | €28,833 | +€13,833 | +92.2% |
| Distributable reserves | 133 | €15,000 | €28,833 | +€13,833 | +92.2% |
| Amounts payable | 17/49 | €56,231 | €67,765 | +€11,534 | +20.5% |
| Amounts payable within one year | 42/48 | €56,231 | €67,765 | +€11,534 | +20.5% |
| Trade debts | 44 | €629 | €2,301 | +€1,672 | +266.1% |
| Suppliers | 440/4 | €629 | €2,301 | +€1,672 | +266.1% |
| Taxes, remuneration and social security | 45 | €13,780 | €10,464 | -€3,316 | -24.1% |
| Taxes | 450/3 | €9,615 | €5,646 | -€3,969 | -41.3% |
| Remuneration and social security | 454/9 | €4,165 | €4,818 | +€654 | +15.7% |
| Other amounts payable | 47/48 | €41,823 | €55,000 | +€13,177 | +31.5% |
| Remuneration, social security and pensions | 62 | €24,039 | €27,083 | +€3,044 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,390 | €3,779 | -€611 | -13.9% |
| Other operating charges | 640/8 | €671 | €603 | -€69 | -10.2% |
| Gross operating margin | 9900 | €91,289 | €132,052 | +€40,763 | +44.7% |
| Operating profit (loss) | 9901 | €62,189 | €100,587 | +€38,399 | +61.7% |
| Financial income | 75/76B | €833 | €1,902 | +€1,069 | +128.3% |
| Recurring financial income | 75 | €833 | €1,902 | +€1,069 | +128.3% |
| Financial charges | 65/66B | €3,689 | €3,011 | -€677 | -18.4% |
| Recurring financial charges | 65 | €3,689 | €3,011 | -€677 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €59,333 | €99,478 | +€40,145 | +67.7% |
| Income taxes | 67/77 | €17,510 | €30,646 | +€13,136 | +75.0% |
| Profit (loss) for the period | 9904 | €41,823 | €68,833 | +€27,009 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,823 | €68,833 | +€27,009 | +64.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.