TENCO DDM: 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 DDM
Largest movements
- Receivables within one year +€142,405
up €142,405 (+33.9%), from €420,582 to €562,987
of which Trade receivables: +€80,737
- Cash -€100,035
down €100,035 (-80.3%), from €124,569 to €24,534
mainly Receivables within one year (-€142,405) and Debts after one year (-€89,576)
- Deferred charges and accrued income +€81,206
up €81,206 (+401%), from €20,263 to €101,469
- Tangible fixed assets -€51,075
down €51,075 (-34.0%), from €150,335 to €99,261
of which Furniture and vehicles: -€36,516
- Stocks and contracts +€19,643
up €19,643 (+24.3%), from €80,817 to €100,461
- Short-term financial debts +€100,000
up €100,000 (+400%), from €25,000 to €125,000
- Debts after one year -€89,576
down €89,576 (-44.9%), from €199,663 to €110,087
of which Financial debts: -€85,955
- Trade debts +€66,055
up €66,055 (+61.4%), from €107,644 to €173,699
- Reserves +€60,727
up €60,727 (+39.1%), from €155,370 to €216,096
of which Distributable reserves: +€60,727
- Current portion of long-term debt -€35,755
down €35,755 (-27.7%), from €128,921 to €93,167
- Gross operating margin -€165,597
down €165,597 (-33.9%), from €488,639 to €323,042
- Depreciation -€66,165
down €66,165 (-54.4%), from €121,650 to €55,484
- Staff costs -€36,361
down €36,361 (-15.1%), from €240,704 to €204,344
- Taxes -€8,520
down €8,520, from €7,052 to -€1,468
- Financial charges -€6,404
down €6,404 (-34.8%), from €18,415 to €12,012
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 | €798,742 | €890,887 | +€92,145 | +11.5% |
| Fixed assets | 21/28 | €152,511 | €101,436 | -€51,075 | -33.5% |
| Tangible fixed assets | 22/27 | €150,335 | €99,261 | -€51,075 | -34.0% |
| Plant, machinery and equipment | 23 | €23,995 | €13,036 | -€10,959 | -45.7% |
| Furniture and vehicles | 24 | €115,933 | €79,417 | -€36,516 | -31.5% |
| Other tangible fixed assets | 26 | €10,407 | €6,808 | -€3,600 | -34.6% |
| Financial fixed assets | 28 | €2,175 | €2,175 | = | 0.0% |
| Current assets | 29/58 | €646,231 | €789,450 | +€143,219 | +22.2% |
| Stocks and contracts in progress | 3 | €80,817 | €100,461 | +€19,643 | +24.3% |
| Stocks | 30/36 | €80,817 | €100,461 | +€19,643 | +24.3% |
| Amounts receivable within one year | 40/41 | €420,582 | €562,987 | +€142,405 | +33.9% |
| Trade receivables | 40 | €140,039 | €220,775 | +€80,737 | +57.7% |
| Other amounts receivable | 41 | €280,543 | €342,212 | +€61,668 | +22.0% |
| Cash at bank and in hand | 54/58 | €124,569 | €24,534 | -€100,035 | -80.3% |
| Deferred charges and accrued income | 490/1 | €20,263 | €101,469 | +€81,206 | +401% |
| Total equity and liabilities | 10/49 | €798,742 | €890,887 | +€92,145 | +11.5% |
| Equity | 10/15 | €276,370 | €337,096 | +€60,727 | +22.0% |
| Contributions | 10/11 | €121,000 | €121,000 | = | 0.0% |
| Reserves | 13 | €155,370 | €216,096 | +€60,727 | +39.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €155,370 | €216,096 | +€60,727 | +39.1% |
| Amounts payable | 17/49 | €522,372 | €553,790 | +€31,418 | +6.0% |
| Amounts payable after more than one year | 17 | €199,663 | €110,087 | -€89,576 | -44.9% |
| Financial debts | 170/4 | €167,915 | €81,959 | -€85,955 | -51.2% |
| Other amounts payable | 178/9 | €31,749 | €28,128 | -€3,620 | -11.4% |
| Amounts payable within one year | 42/48 | €277,576 | €427,117 | +€149,540 | +53.9% |
| Current portion of amounts payable after more than one year | 42 | €128,921 | €93,167 | -€35,755 | -27.7% |
| Financial debts | 43 | €25,000 | €125,000 | +€100,000 | +400% |
| Credit institutions | 430/8 | €25,000 | €125,000 | +€100,000 | +400% |
| Trade debts | 44 | €107,644 | €173,699 | +€66,055 | +61.4% |
| Suppliers | 440/4 | €107,644 | €173,699 | +€66,055 | +61.4% |
| Taxes, remuneration and social security | 45 | €16,012 | €35,251 | +€19,239 | +120% |
| Taxes | 450/3 | €1,134 | €3,887 | +€2,753 | +243% |
| Remuneration and social security | 454/9 | €14,877 | €31,364 | +€16,486 | +111% |
| Accrued charges and deferred income | 492/3 | €45,133 | €16,586 | -€28,547 | -63.3% |
| Non-recurring operating income | 76A | €1,497 | €2,450 | +€953 | +63.7% |
| Remuneration, social security and pensions | 62 | €240,704 | €204,344 | -€36,361 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,650 | €55,484 | -€66,165 | -54.4% |
| Other operating charges | 640/8 | €3,497 | €2,967 | -€530 | -15.1% |
| Non-recurring operating charges | 66A | €457 | €0 | -€457 | -100% |
| Gross operating margin | 9900 | €488,639 | €323,042 | -€165,597 | -33.9% |
| Operating profit (loss) | 9901 | €122,332 | €60,247 | -€62,084 | -50.8% |
| Financial income | 75/76B | €12,063 | €11,023 | -€1,040 | -8.6% |
| Recurring financial income | 75 | €12,063 | €11,023 | -€1,040 | -8.6% |
| Financial charges | 65/66B | €18,415 | €12,012 | -€6,404 | -34.8% |
| Recurring financial charges | 65 | €18,415 | €12,012 | -€6,404 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €115,980 | €59,259 | -€56,721 | -48.9% |
| Income taxes | 67/77 | €7,052 | -€1,468 | -€8,520 | |
| Profit (loss) for the period | 9904 | €108,927 | €60,727 | -€48,201 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,927 | €60,727 | -€48,201 | -44.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.