TENASCO: 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.
TENASCO
Largest movements
- Cash +€447
up €447 (+415%), from €108 to €555
mainly Other debts (+€2,276)
- Other debts +€2,276
up €2,276 (+2.4%), from €95,483 to €97,759
- Profit (loss) carried forward -€1,829
down €1,829 (-1.6%), from -€114,268 to -€116,096
- Gross operating margin +€1,246
up €1,246 (+49.4%), from -€2,522 to -€1,276
- Other operating charges +€400
new in 2025: €400
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 | €108 | €555 | +€447 | +415% |
| Current assets | 29/58 | €108 | €555 | +€447 | +415% |
| Cash at bank and in hand | 54/58 | €108 | €555 | +€447 | +415% |
| Total equity and liabilities | 10/49 | €108 | €555 | +€447 | +415% |
| Equity | 10/15 | -€95,376 | -€97,204 | -€1,829 | -1.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,268 | -€116,096 | -€1,829 | -1.6% |
| Amounts payable | 17/49 | €95,483 | €97,759 | +€2,276 | +2.4% |
| Amounts payable within one year | 42/48 | €95,483 | €97,759 | +€2,276 | +2.4% |
| Other amounts payable | 47/48 | €95,483 | €97,759 | +€2,276 | +2.4% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€2,522 | -€1,276 | +€1,246 | +49.4% |
| Operating profit (loss) | 9901 | -€2,522 | -€1,675 | +€846 | +33.6% |
| Financial charges | 65/66B | €140 | €153 | +€13 | +9.2% |
| Recurring financial charges | 65 | €140 | €153 | +€13 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,662 | -€1,829 | +€834 | +31.3% |
| Profit (loss) for the period | 9904 | -€2,662 | -€1,829 | +€834 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,662 | -€1,829 | +€834 | +31.3% |
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 16 October 2026 via checked.be.