TENBERGEN SERVICES: 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.
TENBERGEN SERVICES
Largest movements
- Cash +€21,519
up €21,519 (+3,819%), from €563 to €22,082
mainly Debts after one year (+€21,056) and Net result for the year (+€12,093)
- Tangible fixed assets +€15,098
up €15,098 (+86.0%), from €17,565 to €32,663
of which Leasing and similar rights: +€24,210
- Receivables within one year -€2,732
down €2,732 (-39.8%), from €6,863 to €4,131
of which Trade receivables: -€2,666
- Debts after one year +€21,056
new in 2025: €21,056
- Profit (loss) carried forward +€12,093
up €12,093 (+122%), from €9,896 to €21,989
- Other debts -€9,046
down €9,046 (-93.8%), from €9,645 to €599
- Tax, wage and social debts +€6,077
up €6,077 (+202%), from €3,003 to €9,080
- Current portion of long-term debt +€3,477
new in 2025: €3,477
- Gross operating margin +€12,557
up €12,557 (+84.7%), from €14,828 to €27,385
- Depreciation -€3,167
down €3,167 (-51.1%), from €6,202 to €3,035
- Taxes +€1,074
up €1,074 (+35.8%), from €3,003 to €4,077
- Other operating charges +€674
up €674 (+68.3%), from €987 to €1,660
- Financial charges +€353
up €353 (+603%), from €59 to €411
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 | €25,938 | €59,354 | +€33,416 | +129% |
| Fixed assets | 21/28 | €17,565 | €32,663 | +€15,098 | +86.0% |
| Tangible fixed assets | 22/27 | €17,565 | €32,663 | +€15,098 | +86.0% |
| Plant, machinery and equipment | 23 | €5,619 | €7,140 | +€1,521 | +27.1% |
| Furniture and vehicles | 24 | €11,946 | €1,314 | -€10,633 | -89.0% |
| Leasing and similar rights | 25 | - | €24,210 | +€24,210 | |
| Current assets | 29/58 | €8,373 | €26,691 | +€18,317 | +219% |
| Amounts receivable within one year | 40/41 | €6,863 | €4,131 | -€2,732 | -39.8% |
| Trade receivables | 40 | €5,578 | €2,912 | -€2,666 | -47.8% |
| Other amounts receivable | 41 | €1,285 | €1,220 | -€65 | -5.1% |
| Cash at bank and in hand | 54/58 | €563 | €22,082 | +€21,519 | +3,819% |
| Deferred charges and accrued income | 490/1 | €947 | €477 | -€470 | -49.6% |
| Total equity and liabilities | 10/49 | €25,938 | €59,354 | +€33,416 | +129% |
| Equity | 10/15 | €12,896 | €24,989 | +€12,093 | +93.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,896 | €21,989 | +€12,093 | +122% |
| Amounts payable | 17/49 | €13,042 | €34,365 | +€21,323 | +163% |
| Amounts payable after more than one year | 17 | - | €21,056 | +€21,056 | |
| Financial debts | 170/4 | - | €21,056 | +€21,056 | |
| Amounts payable within one year | 42/48 | €12,913 | €13,309 | +€396 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,477 | +€3,477 | |
| Financial debts | 43 | €21 | €17 | -€4 | -19.0% |
| Other loans | 439 | €21 | €17 | -€4 | -19.0% |
| Trade debts | 44 | €244 | €136 | -€108 | -44.2% |
| Suppliers | 440/4 | €244 | €136 | -€108 | -44.2% |
| Taxes, remuneration and social security | 45 | €3,003 | €9,080 | +€6,077 | +202% |
| Taxes | 450/3 | €3,003 | €9,080 | +€6,077 | +202% |
| Other amounts payable | 47/48 | €9,645 | €599 | -€9,046 | -93.8% |
| Accrued charges and deferred income | 492/3 | €129 | €0 | -€129 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,202 | €3,035 | -€3,167 | -51.1% |
| Other operating charges | 640/8 | €987 | €1,660 | +€674 | +68.3% |
| Non-recurring operating charges | 66A | - | €6,110 | +€6,110 | |
| Gross operating margin | 9900 | €14,828 | €27,385 | +€12,557 | +84.7% |
| Operating profit (loss) | 9901 | €7,640 | €16,580 | +€8,940 | +117% |
| Financial income | 75/76B | €47 | €1 | -€46 | -97.5% |
| Recurring financial income | 75 | €47 | €1 | -€46 | -97.5% |
| Financial charges | 65/66B | €59 | €411 | +€353 | +603% |
| Recurring financial charges | 65 | €59 | €411 | +€353 | +603% |
| Profit (loss) for the period before taxes | 9903 | €7,628 | €16,170 | +€8,542 | +112% |
| Income taxes | 67/77 | €3,003 | €4,077 | +€1,074 | +35.8% |
| Profit (loss) for the period | 9904 | €4,625 | €12,093 | +€7,468 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €4,625 | €12,093 | +€7,468 | +161% |
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 23 October 2026 via checked.be.