TENCES: 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.
TENCES
Largest movements
- Cash -€126,855
down €126,855 (-69.0%), from €183,883 to €57,027
mainly Current investments (-€120,000) and Contributions, distributions and other (-€35,000)
- Current investments +€120,000
new in 2025: €120,000
- Receivables within one year +€5,715
up €5,715 (+89.0%), from €6,418 to €12,134
of which Trade receivables: +€11,816
- Other debts +€28,635
up €28,635 (+1200.0%), from €2,386 to €31,021
- Tax, wage and social debts -€21,167
down €21,167 (-56.5%), from €37,437 to €16,271
- Debts after one year -€10,226
down €10,226 (-54.1%), from €18,902 to €8,676
- Gross operating margin +€6,407
up €6,407 (+11.4%), from €56,140 to €62,546
- Financial income -€2,128
down €2,128 (-72.0%), from €2,955 to €827
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 | €226,633 | €226,645 | +€11 | 0.0% |
| Fixed assets | 21/28 | €34,645 | €35,675 | +€1,031 | +3.0% |
| Tangible fixed assets | 22/27 | €34,545 | €35,575 | +€1,031 | +3.0% |
| Furniture and vehicles | 24 | €34,545 | €35,575 | +€1,031 | +3.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €191,989 | €190,969 | -€1,019 | -0.5% |
| Amounts receivable within one year | 40/41 | €6,418 | €12,134 | +€5,715 | +89.0% |
| Trade receivables | 40 | - | €11,816 | +€11,816 | |
| Other amounts receivable | 41 | €6,418 | €318 | -€6,100 | -95.0% |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €183,883 | €57,027 | -€126,855 | -69.0% |
| Deferred charges and accrued income | 490/1 | €1,688 | €1,809 | +€121 | +7.1% |
| Total equity and liabilities | 10/49 | €226,633 | €226,645 | +€11 | 0.0% |
| Equity | 10/15 | €157,168 | €159,014 | +€1,845 | +1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,168 | €154,014 | +€1,845 | +1.2% |
| Amounts payable | 17/49 | €69,465 | €67,631 | -€1,834 | -2.6% |
| Amounts payable after more than one year | 17 | €18,902 | €8,676 | -€10,226 | -54.1% |
| Financial debts | 170/4 | €18,902 | €8,676 | -€10,226 | -54.1% |
| Amounts payable within one year | 42/48 | €50,563 | €58,956 | +€8,393 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €10,029 | €10,226 | +€198 | +2.0% |
| Trade debts | 44 | €711 | €1,438 | +€727 | +102.3% |
| Suppliers | 440/4 | €711 | €1,438 | +€727 | +102.3% |
| Taxes, remuneration and social security | 45 | €37,437 | €16,271 | -€21,167 | -56.5% |
| Taxes | 450/3 | €37,437 | €16,271 | -€21,167 | -56.5% |
| Other amounts payable | 47/48 | €2,386 | €31,021 | +€28,635 | +1200.0% |
| Remuneration, social security and pensions | 62 | €1,770 | €1,770 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,862 | €13,436 | +€575 | +4.5% |
| Other operating charges | 640/8 | €430 | €839 | +€409 | +95.3% |
| Gross operating margin | 9900 | €56,140 | €62,546 | +€6,407 | +11.4% |
| Operating profit (loss) | 9901 | €41,078 | €46,501 | +€5,423 | +13.2% |
| Financial income | 75/76B | €2,955 | €827 | -€2,128 | -72.0% |
| Recurring financial income | 75 | €2,955 | €827 | -€2,128 | -72.0% |
| Financial charges | 65/66B | €725 | €553 | -€172 | -23.7% |
| Recurring financial charges | 65 | €725 | €553 | -€172 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €43,308 | €46,775 | +€3,466 | +8.0% |
| Income taxes | 67/77 | €9,556 | €9,929 | +€373 | +3.9% |
| Profit (loss) for the period | 9904 | €33,753 | €36,845 | +€3,093 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,753 | €36,845 | +€3,093 | +9.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.