TenderFox: 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.
TenderFox
Largest movements
- Current investments +€46,000
up €46,000 (+323.3%), from €14,227 to €60,227
- Cash -€24,893
down €24,893 (-29.9%), from €83,364 to €58,471
mainly Contributions, distributions and other (-€120,000) and Current investments (-€46,000)
- Tangible fixed assets +€12,004
up €12,004 (+72.9%), from €16,456 to €28,460
of which Furniture and vehicles: +€13,041
- Receivables after one year -€3,004
down €3,004 (-33.4%), from €8,986 to €5,981
- Other debts +€107,710
up €107,710 (+283521.1%), from €38 to €107,748
- Reserves -€80,665
down €80,665 (-74.7%), from €108,029 to €27,364
- Trade debts +€2,924
up €2,924 (+47.5%), from €6,159 to €9,083
- Gross operating margin +€15,311
up €15,311 (+31.9%), from €48,037 to €63,349
- Other operating charges +€6,846
new in 2025: €6,846
- Depreciation +€2,215
up €2,215 (+42.5%), from €5,206 to €7,420
- Taxes +€1,091
up €1,091 (+10.9%), from €9,987 to €11,078
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 | €143,241 | €173,896 | +€30,654 | +21.4% |
| Fixed assets | 21/28 | €16,456 | €28,460 | +€12,004 | +72.9% |
| Tangible fixed assets | 22/27 | €16,456 | €28,460 | +€12,004 | +72.9% |
| Plant, machinery and equipment | 23 | €3,420 | €2,382 | -€1,038 | -30.3% |
| Furniture and vehicles | 24 | €13,036 | €26,077 | +€13,041 | +100.0% |
| Current assets | 29/58 | €126,785 | €145,436 | +€18,651 | +14.7% |
| Amounts receivable after more than one year | 29 | €8,986 | €5,981 | -€3,004 | -33.4% |
| Other amounts receivable | 291 | €8,986 | €5,981 | -€3,004 | -33.4% |
| Amounts receivable within one year | 40/41 | €17,067 | €17,814 | +€746 | +4.4% |
| Trade receivables | 40 | €16,661 | €17,407 | +€746 | +4.5% |
| Other amounts receivable | 41 | €406 | €406 | = | 0.0% |
| Current investments | 50/53 | €14,227 | €60,227 | +€46,000 | +323.3% |
| Cash at bank and in hand | 54/58 | €83,364 | €58,471 | -€24,893 | -29.9% |
| Deferred charges and accrued income | 490/1 | €3,142 | €2,943 | -€199 | -6.3% |
| Total equity and liabilities | 10/49 | €143,241 | €173,896 | +€30,654 | +21.4% |
| Equity | 10/15 | €126,629 | €45,964 | -€80,665 | -63.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,029 | €27,364 | -€80,665 | -74.7% |
| Distributable reserves | 133 | €108,029 | €27,364 | -€80,665 | -74.7% |
| Amounts payable | 17/49 | €16,612 | €127,932 | +€111,320 | +670.1% |
| Amounts payable within one year | 42/48 | €16,612 | €127,932 | +€111,320 | +670.1% |
| Trade debts | 44 | €6,159 | €9,083 | +€2,924 | +47.5% |
| Suppliers | 440/4 | €6,159 | €9,083 | +€2,924 | +47.5% |
| Taxes, remuneration and social security | 45 | €10,415 | €11,101 | +€686 | +6.6% |
| Taxes | 450/3 | €7,318 | €7,994 | +€676 | +9.2% |
| Remuneration and social security | 454/9 | €3,097 | €3,107 | +€10 | +0.3% |
| Other amounts payable | 47/48 | €38 | €107,748 | +€107,710 | +283521.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,206 | €7,420 | +€2,215 | +42.5% |
| Other operating charges | 640/8 | - | €6,846 | +€6,846 | |
| Gross operating margin | 9900 | €48,037 | €63,349 | +€15,311 | +31.9% |
| Operating profit (loss) | 9901 | €42,832 | €49,082 | +€6,251 | +14.6% |
| Financial income | 75/76B | €1,084 | €1,347 | +€262 | +24.2% |
| Recurring financial income | 75 | €1,084 | €1,347 | +€262 | +24.2% |
| Financial charges | 65/66B | €12 | €17 | +€5 | +37.8% |
| Recurring financial charges | 65 | €12 | €17 | +€5 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €43,904 | €50,413 | +€6,509 | +14.8% |
| Income taxes | 67/77 | €9,987 | €11,078 | +€1,091 | +10.9% |
| Profit (loss) for the period | 9904 | €33,917 | €39,335 | +€5,418 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,917 | €39,335 | +€5,418 | +16.0% |
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 11 October 2026 via checked.be.