Teneor: 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.
Teneor
Largest movements
- Current investments +€56,000
up €56,000 (+153.1%), from €36,587 to €92,587
- Cash +€53,074
up €53,074 (+58.0%), from €91,547 to €144,620
mainly Other debts (+€213,767) and Net result for the year (+€116,348)
- Other debts +€213,767
up €213,767 (+2514.9%), from €8,500 to €222,267
- Reserves -€139,552
down €139,552 (-31.1%), from €449,329 to €309,777
- Tax, wage and social debts +€38,773
up €38,773 (+2584.9%), from €1,500 to €40,273
- Gross operating margin +€13,675
up €13,675 (+9.5%), from €143,769 to €157,443
- Other operating charges -€10,736
down €10,736 (-93.7%), from €11,452 to €716
- Taxes +€3,209
up €3,209 (+9.5%), from €33,887 to €37,096
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 | €487,557 | €593,453 | +€105,896 | +21.7% |
| Fixed assets | 21/28 | €342,536 | €339,480 | -€3,057 | -0.9% |
| Tangible fixed assets | 22/27 | €99,608 | €96,552 | -€3,057 | -3.1% |
| Land and buildings | 22 | €96,559 | €94,833 | -€1,725 | -1.8% |
| Plant, machinery and equipment | 23 | €1,801 | €1,183 | -€617 | -34.3% |
| Furniture and vehicles | 24 | €1,249 | €535 | -€714 | -57.1% |
| Financial fixed assets | 28 | €242,928 | €242,928 | = | 0.0% |
| Current assets | 29/58 | €145,021 | €253,973 | +€108,952 | +75.1% |
| Amounts receivable within one year | 40/41 | €16,887 | €16,765 | -€121 | -0.7% |
| Other amounts receivable | 41 | €16,887 | €16,765 | -€121 | -0.7% |
| Current investments | 50/53 | €36,587 | €92,587 | +€56,000 | +153.1% |
| Cash at bank and in hand | 54/58 | €91,547 | €144,620 | +€53,074 | +58.0% |
| Total equity and liabilities | 10/49 | €487,557 | €593,453 | +€105,896 | +21.7% |
| Equity | 10/15 | €467,879 | €328,327 | -€139,552 | -29.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €449,329 | €309,777 | -€139,552 | -31.1% |
| Distributable reserves | 133 | €449,329 | €309,777 | -€139,552 | -31.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,678 | €265,126 | +€245,448 | +1247.3% |
| Amounts payable after more than one year | 17 | €4,738 | €0 | -€4,738 | -100.0% |
| Financial debts | 170/4 | €4,738 | - | -€4,738 | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €14,940 | €265,126 | +€250,185 | +1674.5% |
| Current portion of amounts payable after more than one year | 42 | €3,917 | €0 | -€3,917 | -100.0% |
| Trade debts | 44 | €1,023 | €2,585 | +€1,562 | +152.6% |
| Suppliers | 440/4 | €1,023 | €2,585 | +€1,562 | +152.6% |
| Taxes, remuneration and social security | 45 | €1,500 | €40,273 | +€38,773 | +2584.9% |
| Taxes | 450/3 | €1,500 | €40,273 | +€38,773 | +2584.9% |
| Other amounts payable | 47/48 | €8,500 | €222,267 | +€213,767 | +2514.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,010 | €3,057 | +€46 | +1.5% |
| Other operating charges | 640/8 | €11,452 | €716 | -€10,736 | -93.7% |
| Gross operating margin | 9900 | €143,769 | €157,443 | +€13,675 | +9.5% |
| Operating profit (loss) | 9901 | €129,306 | €153,670 | +€24,364 | +18.8% |
| Financial income | 75/76B | €2,175 | €692 | -€1,483 | -68.2% |
| Recurring financial income | 75 | €2,175 | €692 | -€1,483 | -68.2% |
| Financial charges | 65/66B | €1,454 | €919 | -€535 | -36.8% |
| Recurring financial charges | 65 | €1,454 | €919 | -€535 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €130,028 | €153,444 | +€23,416 | +18.0% |
| Income taxes | 67/77 | €33,887 | €37,096 | +€3,209 | +9.5% |
| Profit (loss) for the period | 9904 | €96,140 | €116,348 | +€20,208 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,140 | €116,348 | +€20,208 | +21.0% |
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 9 October 2026 via checked.be.