TENERGA: 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.
TENERGA
Largest movements
- Financial fixed assets -€55,915
down €55,915 (-4.3%), from €1.3m to €1.2m
- Cash -€19,568
down €19,568 (-77.7%), from €25,176 to €5,608
mainly Net result for the year (-€102,667)
- Profit (loss) carried forward -€102,667
down €102,667 (-26.8%), from -€383,728 to -€486,395
- Debts after one year +€17,599
up €17,599 (+4.8%), from €366,534 to €384,133
- Financial charges +€17,773
up €17,773 (+23.2%), from €76,771 to €94,544
of which Non-recurring financial charges: +€14,697
- Financial income -€12,520
down €12,520 (-89.6%), from €13,968 to €1,448
- Gross operating margin +€257
up €257 (+2.9%), from -€8,830 to -€8,573
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 | €1,349,671 | €1,273,564 | -€76,107 | -5.6% |
| Fixed assets | 21/28 | €1,289,012 | €1,233,097 | -€55,915 | -4.3% |
| Financial fixed assets | 28 | €1,289,012 | €1,233,097 | -€55,915 | -4.3% |
| Current assets | 29/58 | €60,659 | €40,467 | -€20,192 | -33.3% |
| Amounts receivable within one year | 40/41 | €35,483 | €34,859 | -€624 | -1.8% |
| Other amounts receivable | 41 | €35,483 | €34,859 | -€624 | -1.8% |
| Cash at bank and in hand | 54/58 | €25,176 | €5,608 | -€19,568 | -77.7% |
| Total equity and liabilities | 10/49 | €1,349,671 | €1,273,564 | -€76,107 | -5.6% |
| Equity | 10/15 | €983,137 | €880,470 | -€102,667 | -10.4% |
| Contributions | 10/11 | €1,366,865 | €1,366,865 | = | 0.0% |
| Capital | 10 | €1,366,865 | €1,366,865 | = | 0.0% |
| Issued capital | 100 | €1,366,865 | €1,366,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€383,728 | -€486,395 | -€102,667 | -26.8% |
| Amounts payable | 17/49 | €366,534 | €393,094 | +€26,560 | +7.2% |
| Amounts payable after more than one year | 17 | €366,534 | €384,133 | +€17,599 | +4.8% |
| Financial debts | 170/4 | €366,534 | €384,133 | +€17,599 | +4.8% |
| Amounts payable within one year | 42/48 | - | €8,961 | +€8,961 | |
| Trade debts | 44 | - | €8,961 | +€8,961 | |
| Suppliers | 440/4 | - | €8,961 | +€8,961 | |
| Non-recurring operating income | 76A | - | €336 | +€336 | |
| Other operating charges | 640/8 | €968 | €998 | +€30 | +3.1% |
| Gross operating margin | 9900 | -€8,830 | -€8,573 | +€257 | +2.9% |
| Operating profit (loss) | 9901 | -€9,798 | -€9,571 | +€227 | +2.3% |
| Financial income | 75/76B | €13,968 | €1,448 | -€12,520 | -89.6% |
| Recurring financial income | 75 | €13,968 | €1,448 | -€12,520 | -89.6% |
| Financial charges | 65/66B | €76,771 | €94,544 | +€17,773 | +23.2% |
| Recurring financial charges | 65 | €14,715 | €17,791 | +€3,076 | +20.9% |
| Non-recurring financial charges | 66B | €62,056 | €76,753 | +€14,697 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | -€72,601 | -€102,667 | -€30,066 | -41.4% |
| Profit (loss) for the period | 9904 | -€72,601 | -€102,667 | -€30,066 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,601 | -€102,667 | -€30,066 | -41.4% |
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 29 October 2026 via checked.be.