TENCO: 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.
TENCO
Largest movements
- Receivables within one year +€7,663
up €7,663 (+37.0%), from €20,716 to €28,379
- Profit (loss) carried forward +€7,148
up €7,148 (+49.3%), from -€14,500 to -€7,352
- Gross operating margin +€596
up €596 (+9.3%), from €6,424 to €7,020
- Financial income +€532
up €532 (+43.6%), from €1,219 to €1,750
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 | €47,534 | €54,682 | +€7,148 | +15.0% |
| Fixed assets | 21/28 | €26,802 | €26,270 | -€532 | -2.0% |
| Tangible fixed assets | 22/27 | €26,802 | €26,270 | -€532 | -2.0% |
| Land and buildings | 22 | €25,739 | €25,739 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,063 | €532 | -€532 | -50.0% |
| Current assets | 29/58 | €20,732 | €28,412 | +€7,680 | +37.0% |
| Amounts receivable within one year | 40/41 | €20,716 | €28,379 | +€7,663 | +37.0% |
| Other amounts receivable | 41 | €20,716 | €28,379 | +€7,663 | +37.0% |
| Cash at bank and in hand | 54/58 | €16 | €33 | +€16 | +100.4% |
| Total equity and liabilities | 10/49 | €47,534 | €54,682 | +€7,148 | +15.0% |
| Equity | 10/15 | €47,534 | €54,682 | +€7,148 | +15.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €34 | €34 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34 | €34 | = | 0.0% |
| Legal reserve | 130 | €34 | €34 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,500 | -€7,352 | +€7,148 | +49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €532 | €532 | = | 0.0% |
| Other operating charges | 640/8 | €1,016 | €1,045 | +€30 | +2.9% |
| Gross operating margin | 9900 | €6,424 | €7,020 | +€596 | +9.3% |
| Operating profit (loss) | 9901 | €4,877 | €5,443 | +€566 | +11.6% |
| Financial income | 75/76B | €1,219 | €1,750 | +€532 | +43.6% |
| Recurring financial income | 75 | €1,219 | €1,750 | +€532 | +43.6% |
| Financial charges | 65/66B | €41 | €45 | +€4 | +9.9% |
| Recurring financial charges | 65 | €41 | €45 | +€4 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €6,054 | €7,148 | +€1,094 | +18.1% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €6,054 | €7,148 | +€1,094 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,054 | €7,148 | +€1,094 | +18.1% |
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 9 October 2026 via checked.be.