TENILC: 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.
TENILC
Largest movements
- Receivables within one year +€171,870
up €171,870 (+400.5%), from €42,916 to €214,786
of which Other amounts receivable: +€172,372
- Current investments +€69,682
up €69,682 (+28.4%), from €245,214 to €314,896
- Cash -€35,021
down €35,021 (-28.5%), from €122,733 to €87,712
mainly Receivables within one year (-€171,870) and Current investments (-€69,682)
- Tangible fixed assets -€18,597
down €18,597 (-16.7%), from €111,246 to €92,649
- Deferred charges and accrued income -€16,051
down €16,051 (-82.1%), from €19,557 to €3,505
- Accrued charges and deferred income +€250,017
up €250,017 (+104.2%), from €240,000 to €490,017
- Tax, wage and social debts -€46,636
down €46,636 (-46.9%), from €99,367 to €52,732
of which Remuneration and social security: -€31,411
- Trade debts -€30,990
down €30,990 (-19.1%), from €162,491 to €131,501
- Advances received +€12,715
up €12,715 (+136.4%), from €9,320 to €22,035
- Staff costs +€149,103
up €149,103 (+15.9%), from €939,916 to €1.1m
- Gross operating margin +€130,850
up €130,850 (+12.9%), from €1.0m to €1.1m
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €558,946 | €740,835 | +€181,888 | +32.5% |
| Fixed assets | 21/28 | €111,386 | €92,789 | -€18,597 | -16.7% |
| Tangible fixed assets | 22/27 | €111,246 | €92,649 | -€18,597 | -16.7% |
| Plant, machinery and equipment | 23 | €18,854 | €11,740 | -€7,114 | -37.7% |
| Furniture and vehicles | 24 | €30,374 | €26,300 | -€4,074 | -13.4% |
| Other tangible fixed assets | 26 | €62,018 | €54,609 | -€7,410 | -11.9% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €447,560 | €648,046 | +€200,485 | +44.8% |
| Stocks and contracts in progress | 3 | €17,139 | €27,146 | +€10,007 | +58.4% |
| Stocks | 30/36 | €17,139 | €27,146 | +€10,007 | +58.4% |
| Amounts receivable within one year | 40/41 | €42,916 | €214,786 | +€171,870 | +400.5% |
| Trade receivables | 40 | €4,046 | €3,543 | -€503 | -12.4% |
| Other amounts receivable | 41 | €38,871 | €211,243 | +€172,372 | +443.5% |
| Current investments | 50/53 | €245,214 | €314,896 | +€69,682 | +28.4% |
| Cash at bank and in hand | 54/58 | €122,733 | €87,712 | -€35,021 | -28.5% |
| Deferred charges and accrued income | 490/1 | €19,557 | €3,505 | -€16,051 | -82.1% |
| Total equity and liabilities | 10/49 | €558,946 | €740,835 | +€181,888 | +32.5% |
| Equity | 10/15 | €47,768 | €44,344 | -€3,424 | -7.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €27,768 | €24,344 | -€3,424 | -12.3% |
| Distributable reserves | 133 | €27,768 | €24,344 | -€3,424 | -12.3% |
| Amounts payable | 17/49 | €511,178 | €696,490 | +€185,312 | +36.3% |
| Amounts payable within one year | 42/48 | €271,178 | €206,473 | -€64,705 | -23.9% |
| Trade debts | 44 | €162,491 | €131,501 | -€30,990 | -19.1% |
| Suppliers | 440/4 | €162,491 | €131,501 | -€30,990 | -19.1% |
| Advances received on contracts in progress | 46 | €9,320 | €22,035 | +€12,715 | +136.4% |
| Taxes, remuneration and social security | 45 | €99,367 | €52,732 | -€46,636 | -46.9% |
| Taxes | 450/3 | €23,214 | €7,989 | -€15,225 | -65.6% |
| Remuneration and social security | 454/9 | €76,154 | €44,743 | -€31,411 | -41.2% |
| Other amounts payable | 47/48 | - | €206 | +€206 | |
| Accrued charges and deferred income | 492/3 | €240,000 | €490,017 | +€250,017 | +104.2% |
| Remuneration, social security and pensions | 62 | €939,916 | €1,089,018 | +€149,103 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,957 | €24,902 | +€4,945 | +24.8% |
| Other operating charges | 640/8 | €10,253 | €11,451 | +€1,198 | +11.7% |
| Gross operating margin | 9900 | €1,014,802 | €1,145,652 | +€130,850 | +12.9% |
| Operating profit (loss) | 9901 | €44,677 | €20,281 | -€24,396 | -54.6% |
| Financial income | 75/76B | €2,567 | €2,528 | -€39 | -1.5% |
| Recurring financial income | 75 | €2,567 | €2,528 | -€39 | -1.5% |
| Financial charges | 65/66B | €17,120 | €20,135 | +€3,015 | +17.6% |
| Recurring financial charges | 65 | €17,120 | €20,135 | +€3,015 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €30,124 | €2,675 | -€27,450 | -91.1% |
| Income taxes | 67/77 | €10,754 | €6,099 | -€4,656 | -43.3% |
| Profit (loss) for the period | 9904 | €19,370 | -€3,424 | -€22,794 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,370 | -€3,424 | -€22,794 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.