Tenemus: 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.
Tenemus
Largest movements
- Cash +€576,389
up €576,389 (+50.9%), from €1.1m to €1.7m
mainly Net result for the year (+€3.2m) and Receivables within one year (+€311,015)
- Receivables within one year -€311,015
down €311,015 (-74.2%), from €418,906 to €107,891
of which Trade receivables: -€220,190
- Tangible fixed assets -€58,955
down €58,955 (-18.0%), from €327,831 to €268,876
of which Furniture and vehicles: -€46,650
- Reserves +€2.5m
up €2.5m (+1,866%), from €133,271 to €2.6m
- Other debts -€2.4m
down €2.4m (-87.9%), from €2.7m to €322,692
- Tax, wage and social debts +€112,828
up €112,828 (+289%), from €39,021 to €151,848
- Gross operating margin +€675,097
up €675,097 (+18.7%), from €3.6m to €4.3m
- Taxes +€162,599
up €162,599 (+18.0%), from €904,709 to €1.1m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,991,501 | €3,200,496 | +€208,995 | +7.0% |
| Fixed assets | 21/28 | €339,781 | €280,826 | -€58,955 | -17.4% |
| Tangible fixed assets | 22/27 | €327,831 | €268,876 | -€58,955 | -18.0% |
| Furniture and vehicles | 24 | €213,807 | €167,157 | -€46,650 | -21.8% |
| Other tangible fixed assets | 26 | €114,024 | €101,719 | -€12,305 | -10.8% |
| Financial fixed assets | 28 | €11,950 | €11,950 | = | 0.0% |
| Current assets | 29/58 | €2,651,720 | €2,919,670 | +€267,950 | +10.1% |
| Amounts receivable after more than one year | 29 | €1,100,000 | €1,100,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,100,000 | €1,100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €418,906 | €107,891 | -€311,015 | -74.2% |
| Trade receivables | 40 | €220,190 | €0 | -€220,190 | -100% |
| Other amounts receivable | 41 | €198,716 | €107,891 | -€90,825 | -45.7% |
| Cash at bank and in hand | 54/58 | €1,132,079 | €1,708,468 | +€576,389 | +50.9% |
| Deferred charges and accrued income | 490/1 | €735 | €3,311 | +€2,575 | +350% |
| Total equity and liabilities | 10/49 | €2,991,501 | €3,200,496 | +€208,995 | +7.0% |
| Equity | 10/15 | €138,271 | €2,625,392 | +€2.5m | +1,799% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €133,271 | €2,620,392 | +€2.5m | +1,866% |
| Distributable reserves | 133 | €133,271 | €2,620,392 | +€2.5m | +1,866% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,853,230 | €575,104 | -€2.3m | -79.8% |
| Amounts payable after more than one year | 17 | €89,597 | €68,038 | -€21,559 | -24.1% |
| Financial debts | 170/4 | €89,597 | €68,038 | -€21,559 | -24.1% |
| Amounts payable within one year | 42/48 | €2,763,633 | €507,066 | -€2.3m | -81.7% |
| Current portion of amounts payable after more than one year | 42 | €22,907 | €21,559 | -€1,348 | -5.9% |
| Trade debts | 44 | €26,706 | €10,967 | -€15,739 | -58.9% |
| Suppliers | 440/4 | €26,706 | €10,967 | -€15,739 | -58.9% |
| Taxes, remuneration and social security | 45 | €39,021 | €151,848 | +€112,828 | +289% |
| Taxes | 450/3 | €39,021 | €151,848 | +€112,828 | +289% |
| Other amounts payable | 47/48 | €2,675,000 | €322,692 | -€2.4m | -87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,592 | €58,252 | +€28,659 | +96.8% |
| Other operating charges | 640/8 | €638 | €1,149 | +€510 | +79.9% |
| Gross operating margin | 9900 | €3,609,348 | €4,284,444 | +€675,097 | +18.7% |
| Operating profit (loss) | 9901 | €3,579,117 | €4,225,044 | +€645,927 | +18.0% |
| Financial income | 75/76B | €37,343 | €33,184 | -€4,159 | -11.1% |
| Recurring financial income | 75 | €37,343 | €33,184 | -€4,159 | -11.1% |
| Financial charges | 65/66B | €1,319 | €3,798 | +€2,480 | +188% |
| Recurring financial charges | 65 | €1,319 | €3,798 | +€2,480 | +188% |
| Profit (loss) for the period before taxes | 9903 | €3,615,141 | €4,254,430 | +€639,289 | +17.7% |
| Income taxes | 67/77 | €904,709 | €1,067,309 | +€162,599 | +18.0% |
| Profit (loss) for the period | 9904 | €2,710,432 | €3,187,121 | +€476,689 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,710,432 | €3,187,121 | +€476,689 | +17.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.