TENCO PROTO: 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 PROTO
Largest movements
- Receivables within one year +€15,092
up €15,092 (+51.6%), from €29,271 to €44,362
of which Trade receivables: +€8,661
- Receivables after one year +€9,291
up €9,291 (+4.0%), from €232,281 to €241,572
- Tangible fixed assets -€8,286
down €8,286 (-35.0%), from €23,694 to €15,409
of which Furniture and vehicles: -€9,933
- Cash +€5,286
up €5,286 (+289%), from €1,831 to €7,117
mainly Debts after one year (+€24,609) and Trade debts (+€12,184)
- Debts after one year +€24,609
up €24,609 (+61.2%), from €40,191 to €64,801
of which Other amounts payable: +€24,609
- Trade debts +€12,184
up €12,184 (+710%), from €1,717 to €13,901
- Tax, wage and social debts -€8,395
down €8,395 (-56.4%), from €14,895 to €6,500
of which Remuneration and social security: -€4,532
- Current portion of long-term debt -€7,113
down €7,113 (-100%), from €7,113 to €0
- Reserves +€5,604
up €5,604 (+1.6%), from €347,175 to €352,779
of which Distributable reserves: +€5,604
- Staff costs -€14,912
down €14,912 (-100%), from €14,912 to €0
- Gross operating margin -€13,622
down €13,622 (-51.4%), from €26,499 to €12,877
- Financial income +€646
up €646 (+7.5%), from €8,645 to €9,291
- Financial charges +€423
up €423 (+33.0%), from €1,280 to €1,703
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 | €421,537 | €446,880 | +€25,344 | +6.0% |
| Fixed assets | 21/28 | €157,177 | €148,891 | -€8,286 | -5.3% |
| Tangible fixed assets | 22/27 | €23,694 | €15,409 | -€8,286 | -35.0% |
| Furniture and vehicles | 24 | €23,694 | €13,761 | -€9,933 | -41.9% |
| Other tangible fixed assets | 26 | - | €1,648 | +€1,648 | |
| Financial fixed assets | 28 | €133,483 | €133,483 | = | 0.0% |
| Current assets | 29/58 | €264,360 | €297,989 | +€33,629 | +12.7% |
| Amounts receivable after more than one year | 29 | €232,281 | €241,572 | +€9,291 | +4.0% |
| Other amounts receivable | 291 | €232,281 | €241,572 | +€9,291 | +4.0% |
| Stocks and contracts in progress | 3 | €336 | €336 | = | 0.0% |
| Stocks | 30/36 | €336 | €336 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,271 | €44,362 | +€15,092 | +51.6% |
| Trade receivables | 40 | €11,264 | €19,925 | +€8,661 | +76.9% |
| Other amounts receivable | 41 | €18,006 | €24,437 | +€6,431 | +35.7% |
| Cash at bank and in hand | 54/58 | €1,831 | €7,117 | +€5,286 | +289% |
| Deferred charges and accrued income | 490/1 | €641 | €4,601 | +€3,961 | +618% |
| Total equity and liabilities | 10/49 | €421,537 | €446,880 | +€25,344 | +6.0% |
| Equity | 10/15 | €353,375 | €358,979 | +€5,604 | +1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €347,175 | €352,779 | +€5,604 | +1.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €347,175 | €352,779 | +€5,604 | +1.6% |
| Amounts payable | 17/49 | €68,162 | €87,902 | +€19,740 | +29.0% |
| Amounts payable after more than one year | 17 | €40,191 | €64,801 | +€24,609 | +61.2% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €40,191 | €64,801 | +€24,609 | +61.2% |
| Amounts payable within one year | 42/48 | €23,725 | €23,101 | -€624 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €7,113 | €0 | -€7,113 | -100% |
| Financial debts | 43 | - | €2,700 | +€2,700 | |
| Credit institutions | 430/8 | - | €2,700 | +€2,700 | |
| Trade debts | 44 | €1,717 | €13,901 | +€12,184 | +710% |
| Suppliers | 440/4 | €1,717 | €13,901 | +€12,184 | +710% |
| Taxes, remuneration and social security | 45 | €14,895 | €6,500 | -€8,395 | -56.4% |
| Taxes | 450/3 | €10,363 | €6,500 | -€3,863 | -37.3% |
| Remuneration and social security | 454/9 | €4,532 | €0 | -€4,532 | -100% |
| Accrued charges and deferred income | 492/3 | €4,246 | €0 | -€4,246 | -100% |
| Remuneration, social security and pensions | 62 | €14,912 | €0 | -€14,912 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,933 | €9,941 | +€7 | +0.1% |
| Other operating charges | 640/8 | €1,556 | €1,377 | -€179 | -11.5% |
| Gross operating margin | 9900 | €26,499 | €12,877 | -€13,622 | -51.4% |
| Operating profit (loss) | 9901 | €98 | €1,560 | +€1,461 | +1,486% |
| Financial income | 75/76B | €8,645 | €9,291 | +€646 | +7.5% |
| Recurring financial income | 75 | €8,645 | €9,291 | +€646 | +7.5% |
| Financial charges | 65/66B | €1,280 | €1,703 | +€423 | +33.0% |
| Recurring financial charges | 65 | €1,280 | €1,703 | +€423 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €7,464 | €9,148 | +€1,684 | +22.6% |
| Income taxes | 67/77 | €3,620 | €3,545 | -€75 | -2.1% |
| Profit (loss) for the period | 9904 | €3,844 | €5,604 | +€1,759 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,844 | €5,604 | +€1,759 | +45.8% |
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 27 October 2026 via checked.be.