Tenbosch 126: 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.
What changed
Tenbosch 126
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€161,352
2024 · -€159,903-€1,449
Equity
€884,363
2024 · €1.0m-€161,352
Cash
€43,222
2024 · €28,117+€15,105
Balance sheet total
€8.3m
2024 · €8.5m-€231,906
Largest movements
Assets
- Tangible fixed assets -€231,266
down €231,266 (-2.7%), from €8.5m to €8.2m
of which Land and buildings: -€232,677
Equity and liabilities
- Profit (loss) carried forward -€161,352
down €161,352 (-19.8%), from -€816,785 to -€978,137
- Debts after one year -€88,116
down €88,116 (-2.0%), from €4.3m to €4.2m
Income statement
- Gross operating margin +€14,434
up €14,434 (+4.7%), from €306,912 to €321,346
- Depreciation +€8,974
up €8,974 (+3.6%), from €246,086 to €255,060
- Other operating charges +€4,710
up €4,710 (+12.9%), from €36,421 to €41,131
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.
Result 2024
-€159,903
Gross operating margin
+€14,434
Depreciation
-€8,974
Write-downs
-€1,365
Other operating charges
-€4,710
Financial income
-€2,283
Financial charges
+€1,450
Result 2025
-€161,352
raises the resultlowers the result
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.
From operations
+€125,700
Investment
-€23,604
Financing
-€86,991
Cash 2024
€28,117
From operations (derived)
+€125,700
Net result for the year
-€161,352
Depreciation
+€255,060
Receivables within one year
+€18,201
Deferred charges and accrued income
-€2,646
Trade debts
-€8,045
Tax, wage and social debts
-€5,496
Other debts
+€29,990
Accrued charges and deferred income
-€13
Investment (derived)
-€23,604
Investment in fixed assets (net)
-€23,604
Financing
-€86,991
Debts after one year
-€88,116
Current portion of long-term debt
+€1,125
Contributions, distributions and other
+€0
Cash 2025
€43,222
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,520,372 | €8,288,466 | -€231,906 | -2.7% |
| Formation expenses | 20 | €190 | - | -€190 | |
| Fixed assets | 21/28 | €8,461,579 | €8,230,313 | -€231,266 | -2.7% |
| Tangible fixed assets | 22/27 | €8,461,579 | €8,230,313 | -€231,266 | -2.7% |
| Land and buildings | 22 | €8,437,273 | €8,204,596 | -€232,677 | -2.8% |
| Furniture and vehicles | 24 | €24,306 | €25,716 | +€1,410 | +5.8% |
| Current assets | 29/58 | €58,603 | €58,153 | -€450 | -0.8% |
| Amounts receivable within one year | 40/41 | €30,445 | €12,244 | -€18,201 | -59.8% |
| Trade receivables | 40 | €28,938 | €11,896 | -€17,042 | -58.9% |
| Other amounts receivable | 41 | €1,507 | €348 | -€1,159 | -76.9% |
| Cash at bank and in hand | 54/58 | €28,117 | €43,222 | +€15,105 | +53.7% |
| Deferred charges and accrued income | 490/1 | €41 | €2,687 | +€2,646 | +6,452% |
| Total equity and liabilities | 10/49 | €8,520,372 | €8,288,466 | -€231,906 | -2.7% |
| Equity | 10/15 | €1,045,715 | €884,363 | -€161,352 | -15.4% |
| Contributions | 10/11 | €1,862,500 | €1,862,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€816,785 | -€978,137 | -€161,352 | -19.8% |
| Amounts payable | 17/49 | €7,474,657 | €7,404,102 | -€70,555 | -0.9% |
| Amounts payable after more than one year | 17 | €4,321,515 | €4,233,399 | -€88,116 | -2.0% |
| Financial debts | 170/4 | €4,321,515 | €4,233,399 | -€88,116 | -2.0% |
| Amounts payable within one year | 42/48 | €3,149,753 | €3,167,328 | +€17,575 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €86,991 | €88,116 | +€1,125 | +1.3% |
| Trade debts | 44 | €44,327 | €36,282 | -€8,045 | -18.1% |
| Suppliers | 440/4 | €44,327 | €36,282 | -€8,045 | -18.1% |
| Taxes, remuneration and social security | 45 | €5,925 | €429 | -€5,496 | -92.8% |
| Taxes | 450/3 | €5,925 | €429 | -€5,496 | -92.8% |
| Other amounts payable | 47/48 | €3,012,510 | €3,042,500 | +€29,990 | +1.0% |
| Accrued charges and deferred income | 492/3 | €3,389 | €3,376 | -€13 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,086 | €255,060 | +€8,974 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,365 | - | +€1,365 | |
| Other operating charges | 640/8 | €36,421 | €41,131 | +€4,710 | +12.9% |
| Gross operating margin | 9900 | €306,912 | €321,346 | +€14,434 | +4.7% |
| Operating profit (loss) | 9901 | €25,770 | €25,154 | -€616 | -2.4% |
| Financial income | 75/76B | €2,479 | €196 | -€2,283 | -92.1% |
| Recurring financial income | 75 | €2,479 | €196 | -€2,283 | -92.1% |
| Financial charges | 65/66B | €188,152 | €186,702 | -€1,450 | -0.8% |
| Recurring financial charges | 65 | €188,152 | €186,702 | -€1,450 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€159,903 | -€161,352 | -€1,449 | -0.9% |
| Profit (loss) for the period | 9904 | -€159,903 | -€161,352 | -€1,449 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€159,903 | -€161,352 | -€1,449 | -0.9% |
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 30 October 2026 via checked.be.