TENBOSCH CONSULT: 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.
TENBOSCH CONSULT
Largest movements
- Cash +€78,920
up €78,920 (+87.0%), from €90,757 to €169,677
mainly Other debts (+€183,408) and Net result for the year (+€41,900)
- Receivables within one year +€12,062
up €12,062 (+168%), from €7,160 to €19,223
of which Trade receivables: +€15,052
- Intangible fixed assets -€10,141
down €10,141 (-16.7%), from €60,847 to €50,706
- Other debts +€183,408
up €183,408 (+1,678,027%), from €11 to €183,419
- Profit (loss) carried forward -€133,900
down €133,900 (-74.3%), from €180,307 to €46,407
- Tax, wage and social debts +€16,795
new in 2025: €16,795
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Gross operating margin +€99,798
up €99,798, from -€34,682 to €65,116
- Taxes +€6,159
up €6,159 (+168%), from €3,670 to €9,829
- Financial income -€1,973
down €1,973 (-96.8%), from €2,039 to €66
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 | €189,545 | €268,477 | +€78,932 | +41.6% |
| Fixed assets | 21/28 | €89,690 | €76,886 | -€12,804 | -14.3% |
| Intangible fixed assets | 21 | €60,847 | €50,706 | -€10,141 | -16.7% |
| Tangible fixed assets | 22/27 | €28,843 | €26,180 | -€2,663 | -9.2% |
| Land and buildings | 22 | €26,168 | €25,448 | -€720 | -2.8% |
| Furniture and vehicles | 24 | €1,624 | €63 | -€1,561 | -96.1% |
| Other tangible fixed assets | 26 | €1,050 | €668 | -€382 | -36.4% |
| Current assets | 29/58 | €99,855 | €191,591 | +€91,736 | +91.9% |
| Amounts receivable within one year | 40/41 | €7,160 | €19,223 | +€12,062 | +168% |
| Trade receivables | 40 | €1,631 | €16,683 | +€15,052 | +923% |
| Other amounts receivable | 41 | €5,530 | €2,540 | -€2,990 | -54.1% |
| Cash at bank and in hand | 54/58 | €90,757 | €169,677 | +€78,920 | +87.0% |
| Deferred charges and accrued income | 490/1 | €1,937 | €2,691 | +€754 | +38.9% |
| Total equity and liabilities | 10/49 | €189,545 | €268,477 | +€78,932 | +41.6% |
| Equity | 10/15 | €188,367 | €66,867 | -€121,500 | -64.5% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,307 | €46,407 | -€133,900 | -74.3% |
| Amounts payable | 17/49 | €1,178 | €201,610 | +€200,432 | +17,018% |
| Amounts payable within one year | 42/48 | €1,178 | €201,610 | +€200,432 | +17,018% |
| Trade debts | 44 | €1,167 | €1,396 | +€229 | +19.7% |
| Suppliers | 440/4 | €1,167 | €1,396 | +€229 | +19.7% |
| Taxes, remuneration and social security | 45 | - | €16,795 | +€16,795 | |
| Taxes | 450/3 | - | €16,795 | +€16,795 | |
| Other amounts payable | 47/48 | €11 | €183,419 | +€183,408 | +1,678,027% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,838 | €12,804 | -€34 | -0.3% |
| Other operating charges | 640/8 | €731 | €574 | -€157 | -21.4% |
| Gross operating margin | 9900 | -€34,682 | €65,116 | +€99,798 | |
| Operating profit (loss) | 9901 | -€48,252 | €51,737 | +€99,989 | |
| Financial income | 75/76B | €2,039 | €66 | -€1,973 | -96.8% |
| Recurring financial income | 75 | €2,039 | €66 | -€1,973 | -96.8% |
| Financial charges | 65/66B | €675 | €74 | -€601 | -89.0% |
| Recurring financial charges | 65 | €675 | €74 | -€601 | -89.0% |
| Profit (loss) for the period before taxes | 9903 | -€46,888 | €51,729 | +€98,616 | |
| Income taxes | 67/77 | €3,670 | €9,829 | +€6,159 | +168% |
| Profit (loss) for the period | 9904 | -€50,557 | €41,900 | +€92,457 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,557 | €41,900 | +€92,457 |
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 24 October 2026 via checked.be.