TENDA CONSTRUCT: 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.
TENDA CONSTRUCT
Largest movements
- Receivables within one year +€76,761
up €76,761 (+59.4%), from €129,190 to €205,951
of which Trade receivables: +€72,500
- Cash -€31,132
no longer reported in 2025 (was €31,132)
mainly Receivables within one year (-€76,761) and Contributions, distributions and other (-€25,714)
- Tangible fixed assets -€11,096
down €11,096 (-29.2%), from €38,017 to €26,920
of which Furniture and vehicles: -€12,120
- Profit (loss) carried forward +€32,792
new in 2025: €32,792
- Other debts +€14,420
up €14,420 (+128%), from €11,295 to €25,714
- Tax, wage and social debts +€13,833
up €13,833 (+162%), from €8,520 to €22,353
- Debts after one year -€12,258
down €12,258 (-43.6%), from €28,096 to €15,838
- Trade debts -€10,160
down €10,160 (-10.7%), from €95,205 to €85,045
- Gross operating margin +€81,408
up €81,408 (+649%), from €12,551 to €93,959
- Taxes +€18,527
up €18,527 (+2,903%), from €638 to €19,165
- Other operating charges -€2,262
down €2,262 (-61.1%), from €3,705 to €1,442
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 | €199,759 | €234,297 | +€34,539 | +17.3% |
| Fixed assets | 21/28 | €38,017 | €26,920 | -€11,096 | -29.2% |
| Tangible fixed assets | 22/27 | €38,017 | €26,920 | -€11,096 | -29.2% |
| Plant, machinery and equipment | 23 | - | €1,023 | +€1,023 | |
| Furniture and vehicles | 24 | €38,017 | €25,897 | -€12,120 | -31.9% |
| Current assets | 29/58 | €161,742 | €207,377 | +€45,635 | +28.2% |
| Amounts receivable within one year | 40/41 | €129,190 | €205,951 | +€76,761 | +59.4% |
| Trade receivables | 40 | €114,891 | €187,391 | +€72,500 | +63.1% |
| Other amounts receivable | 41 | €14,299 | €18,560 | +€4,261 | +29.8% |
| Cash at bank and in hand | 54/58 | €31,132 | - | -€31,132 | |
| Deferred charges and accrued income | 490/1 | €1,420 | €1,426 | +€6 | +0.5% |
| Total equity and liabilities | 10/49 | €199,759 | €234,297 | +€34,539 | +17.3% |
| Equity | 10/15 | €37,350 | €70,142 | +€32,792 | +87.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €32,792 | +€32,792 | |
| Amounts payable | 17/49 | €162,409 | €164,155 | +€1,747 | +1.1% |
| Amounts payable after more than one year | 17 | €28,096 | €15,838 | -€12,258 | -43.6% |
| Financial debts | 170/4 | €28,096 | €15,838 | -€12,258 | -43.6% |
| Amounts payable within one year | 42/48 | €134,169 | €148,317 | +€14,148 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €19,150 | €12,258 | -€6,892 | -36.0% |
| Financial debts | 43 | - | €2,947 | +€2,947 | |
| Credit institutions | 430/8 | - | €2,947 | +€2,947 | |
| Trade debts | 44 | €95,205 | €85,045 | -€10,160 | -10.7% |
| Suppliers | 440/4 | €95,205 | €85,045 | -€10,160 | -10.7% |
| Taxes, remuneration and social security | 45 | €8,520 | €22,353 | +€13,833 | +162% |
| Taxes | 450/3 | €8,520 | €22,353 | +€13,833 | +162% |
| Other amounts payable | 47/48 | €11,295 | €25,714 | +€14,420 | +128% |
| Accrued charges and deferred income | 492/3 | €144 | - | -€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,008 | €12,200 | +€193 | +1.6% |
| Other operating charges | 640/8 | €3,705 | €1,442 | -€2,262 | -61.1% |
| Gross operating margin | 9900 | €12,551 | €93,959 | +€81,408 | +649% |
| Operating profit (loss) | 9901 | -€3,161 | €80,316 | +€83,477 | |
| Financial income | 75/76B | €53 | €868 | +€815 | +1,529% |
| Recurring financial income | 75 | €53 | €868 | +€815 | +1,529% |
| Financial charges | 65/66B | €3,142 | €3,513 | +€371 | +11.8% |
| Recurring financial charges | 65 | €3,142 | €3,513 | +€371 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,250 | €77,671 | +€83,921 | |
| Income taxes | 67/77 | €638 | €19,165 | +€18,527 | +2,903% |
| Profit (loss) for the period | 9904 | -€6,888 | €58,506 | +€65,394 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,888 | €58,506 | +€65,394 |
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 15 October 2026 via checked.be.