TENE QUOD BENE: what changed
TENE QUOD BENE
Largest movements
- Tangible fixed assets -€815,120
down €815,120 (-99.9%), from €815,956 to €836
of which Land and buildings: -€813,856
- Cash +€138,367
up €138,367 (+8,116%), from €1,705 to €140,072
mainly Investment in fixed assets (net) (+€813,856) and Net result for the year (+€467,260)
- Stocks and contracts +€44,678
up €44,678 (+23.9%), from €186,603 to €231,281
- Receivables within one year +€10,924
up €10,924 (+60.0%), from €18,213 to €29,136
of which Other amounts receivable: +€7,588
- Debts after one year -€755,977
down €755,977 (-96.2%), from €786,228 to €30,251
of which Other amounts payable: -€382,970
- Reserves +€264,557
up €264,557 (+14,230%), from €1,859 to €266,416
of which Distributable reserves: +€264,557
- Revaluation surpluses -€222,000
no longer reported in 2025 (was €222,000)
- Profit (loss) carried forward +€202,704
no longer reported in 2025 (was -€202,704)
- Current portion of long-term debt -€54,003
no longer reported in 2025 (was €54,003)
- Gross operating margin +€864,196
up €864,196 (+1,472%), from €58,720 to €922,916
- Taxes +€192,174
up €192,174 (+68,137%), from €282 to €192,456
- Depreciation -€38,412
down €38,412 (-96.8%), from €39,676 to €1,264
- Financial charges +€10,471
up €10,471 (+44.1%), from €23,760 to €34,230
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,024,197 | €404,175 | -€620,022 | -60.5% |
| Fixed assets | 21/28 | €815,956 | €836 | -€815,120 | -99.9% |
| Tangible fixed assets | 22/27 | €815,956 | €836 | -€815,120 | -99.9% |
| Land and buildings | 22 | €813,856 | - | -€813,856 | |
| Plant, machinery and equipment | 23 | €1,218 | €687 | -€531 | -43.6% |
| Furniture and vehicles | 24 | €882 | €149 | -€733 | -83.1% |
| Current assets | 29/58 | €208,241 | €403,339 | +€195,098 | +93.7% |
| Stocks and contracts in progress | 3 | €186,603 | €231,281 | +€44,678 | +23.9% |
| Stocks | 30/36 | €186,603 | €231,281 | +€44,678 | +23.9% |
| Amounts receivable within one year | 40/41 | €18,213 | €29,136 | +€10,924 | +60.0% |
| Trade receivables | 40 | €15,712 | €19,048 | +€3,336 | +21.2% |
| Other amounts receivable | 41 | €2,501 | €10,088 | +€7,588 | +303% |
| Cash at bank and in hand | 54/58 | €1,705 | €140,072 | +€138,367 | +8,116% |
| Deferred charges and accrued income | 490/1 | €1,720 | €2,849 | +€1,130 | +65.7% |
| Total equity and liabilities | 10/49 | €1,024,197 | €404,175 | -€620,022 | -60.5% |
| Equity | 10/15 | €27,353 | €272,613 | +€245,260 | +897% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Revaluation surpluses | 12 | €222,000 | - | -€222,000 | |
| Reserves | 13 | €1,859 | €266,416 | +€264,557 | +14,230% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €264,557 | +€264,557 | |
| Profit (loss) carried forward | 14 | -€202,704 | - | +€202,704 | |
| Amounts payable | 17/49 | €996,844 | €131,561 | -€865,282 | -86.8% |
| Amounts payable after more than one year | 17 | €786,228 | €30,251 | -€755,977 | -96.2% |
| Financial debts | 170/4 | €373,006 | - | -€373,006 | |
| Other amounts payable | 178/9 | €413,221 | €30,251 | -€382,970 | -92.7% |
| Amounts payable within one year | 42/48 | €210,616 | €101,310 | -€109,306 | -51.9% |
| Current portion of amounts payable after more than one year | 42 | €54,003 | - | -€54,003 | |
| Financial debts | 43 | €43,100 | - | -€43,100 | |
| Credit institutions | 430/8 | €43,100 | - | -€43,100 | |
| Trade debts | 44 | €86,610 | €82,484 | -€4,126 | -4.8% |
| Suppliers | 440/4 | €86,610 | €82,484 | -€4,126 | -4.8% |
| Taxes, remuneration and social security | 45 | €26,903 | €18,827 | -€8,077 | -30.0% |
| Taxes | 450/3 | €26,903 | €18,827 | -€8,077 | -30.0% |
| Non-recurring operating income | 76A | - | €893,206 | +€893,206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,676 | €1,264 | -€38,412 | -96.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €208 | +€208 | |
| Other operating charges | 640/8 | €17,452 | €21,725 | +€4,273 | +24.5% |
| Non-recurring operating charges | 66A | - | €205,804 | +€205,804 | |
| Gross operating margin | 9900 | €58,720 | €922,916 | +€864,196 | +1,472% |
| Operating profit (loss) | 9901 | €1,593 | €693,916 | +€692,323 | +43,467% |
| Financial income | 75/76B | €351 | €31 | -€319 | -91.1% |
| Recurring financial income | 75 | €351 | €31 | -€319 | -91.1% |
| Financial charges | 65/66B | €23,760 | €34,230 | +€10,471 | +44.1% |
| Recurring financial charges | 65 | €23,760 | €34,230 | +€10,471 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,817 | €659,716 | +€681,533 | |
| Income taxes | 67/77 | €282 | €192,456 | +€192,174 | +68,137% |
| Profit (loss) for the period | 9904 | -€22,099 | €467,260 | +€489,359 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,099 | €467,260 | +€489,359 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.