TENHOVE: 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.
TENHOVE
Largest movements
- Cash +€143,651
up €143,651 (+3,553%), from €4,043 to €147,694
mainly Net result for the year (+€198,619) and Depreciation (+€102,057)
- Tangible fixed assets -€57,204
down €57,204 (-2.6%), from €2.2m to €2.1m
- Profit (loss) carried forward +€198,619
up €198,619 (+24.6%), from €807,223 to €1.0m
- Other debts -€75,000
down €75,000 (-100%), from €75,000 to €0
- Debts after one year -€56,900
down €56,900 (-14.8%), from €384,075 to €327,175
- Tax, wage and social debts +€33,600
up €33,600, from €0 to €33,600
of which Taxes: +€33,600
- Gross operating margin +€116,975
up €116,975 (+39.8%), from €294,212 to €411,187
- Taxes +€33,866
up €33,866 (+97.6%), from €34,697 to €68,563
- Depreciation -€13,808
down €13,808 (-11.9%), from €115,865 to €102,057
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 | €2,250,458 | €2,356,039 | +€105,581 | +4.7% |
| Fixed assets | 21/28 | €2,194,886 | €2,134,432 | -€60,454 | -2.8% |
| Tangible fixed assets | 22/27 | €2,190,770 | €2,133,566 | -€57,204 | -2.6% |
| Land and buildings | 22 | €2,190,770 | €2,133,566 | -€57,204 | -2.6% |
| Financial fixed assets | 28 | €4,116 | €866 | -€3,250 | -79.0% |
| Current assets | 29/58 | €55,572 | €221,607 | +€166,035 | +299% |
| Amounts receivable within one year | 40/41 | €34,456 | €38,700 | +€4,244 | +12.3% |
| Trade receivables | 40 | €34,146 | €37,500 | +€3,354 | +9.8% |
| Other amounts receivable | 41 | €310 | €1,200 | +€890 | +288% |
| Cash at bank and in hand | 54/58 | €4,043 | €147,694 | +€143,651 | +3,553% |
| Deferred charges and accrued income | 490/1 | €17,073 | €35,213 | +€18,140 | +106% |
| Total equity and liabilities | 10/49 | €2,250,458 | €2,356,039 | +€105,581 | +4.7% |
| Equity | 10/15 | €1,683,208 | €1,881,827 | +€198,619 | +11.8% |
| Contributions | 10/11 | €266,617 | €266,617 | = | 0.0% |
| Reserves | 13 | €609,367 | €609,367 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,767 | €147,767 | = | 0.0% |
| Distributable reserves | 133 | €461,600 | €461,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €807,223 | €1,005,843 | +€198,619 | +24.6% |
| Amounts payable | 17/49 | €567,250 | €474,211 | -€93,039 | -16.4% |
| Amounts payable after more than one year | 17 | €384,075 | €327,175 | -€56,900 | -14.8% |
| Financial debts | 170/4 | €384,075 | €327,175 | -€56,900 | -14.8% |
| Amounts payable within one year | 42/48 | €166,102 | €147,036 | -€19,066 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €56,900 | €56,900 | = | 0.0% |
| Trade debts | 44 | €34,202 | €56,536 | +€22,334 | +65.3% |
| Suppliers | 440/4 | €34,202 | €56,536 | +€22,334 | +65.3% |
| Taxes, remuneration and social security | 45 | €0 | €33,600 | +€33,600 | |
| Taxes | 450/3 | €0 | €33,600 | +€33,600 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €75,000 | €0 | -€75,000 | -100% |
| Accrued charges and deferred income | 492/3 | €17,073 | €0 | -€17,073 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,865 | €102,057 | -€13,808 | -11.9% |
| Other operating charges | 640/8 | €34,621 | €35,859 | +€1,238 | +3.6% |
| Gross operating margin | 9900 | €294,212 | €411,187 | +€116,975 | +39.8% |
| Operating profit (loss) | 9901 | €143,726 | €273,271 | +€129,544 | +90.1% |
| Financial income | 75/76B | €1,642 | €0 | -€1,642 | -100% |
| Recurring financial income | 75 | €1,642 | €0 | -€1,642 | -100% |
| Financial charges | 65/66B | €6,716 | €6,088 | -€628 | -9.3% |
| Recurring financial charges | 65 | €6,716 | €6,088 | -€628 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €138,652 | €267,182 | +€128,530 | +92.7% |
| Income taxes | 67/77 | €34,697 | €68,563 | +€33,866 | +97.6% |
| Profit (loss) for the period | 9904 | €103,955 | €198,619 | +€94,664 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €103,955 | €198,619 | +€94,664 | +91.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.