TENNESSEE: 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.
TENNESSEE
Largest movements
- Tangible fixed assets +€34,279
up €34,279 (+28.6%), from €119,723 to €154,002
of which Furniture and vehicles: +€55,090
- Receivables within one year +€10,470
up €10,470 (+72.1%), from €14,521 to €24,990
of which Trade receivables: +€18,982
- Current investments -€9,629
down €9,629 (-9.2%), from €105,200 to €95,571
- Accrued charges and deferred income -€24,403
down €24,403 (-100.0%), from €24,403 to €0
- Debts after one year +€20,984
up €20,984 (+35.9%), from €58,412 to €79,396
- Trade debts +€20,089
up €20,089 (+63.3%), from €31,736 to €51,825
- Other debts +€18,696
up €18,696 (+25.7%), from €72,890 to €91,586
- Current portion of long-term debt -€3,857
down €3,857 (-12.5%), from €30,775 to €26,918
- Gross operating margin +€22,468
up €22,468 (+8.3%), from €269,627 to €292,095
- Other operating charges +€4,104
up €4,104 (+15.8%), from €25,928 to €30,032
- Taxes -€3,503
down €3,503 (-39.6%), from €8,850 to €5,347
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 | €283,642 | €316,524 | +€32,882 | +11.6% |
| Fixed assets | 21/28 | €120,347 | €154,625 | +€34,279 | +28.5% |
| Tangible fixed assets | 22/27 | €119,723 | €154,002 | +€34,279 | +28.6% |
| Plant, machinery and equipment | 23 | €90,017 | €86,344 | -€3,673 | -4.1% |
| Furniture and vehicles | 24 | €12,568 | €67,658 | +€55,090 | +438.3% |
| Leasing and similar rights | 25 | €17,138 | €0 | -€17,138 | -100.0% |
| Financial fixed assets | 28 | €624 | €624 | = | 0.0% |
| Current assets | 29/58 | €163,296 | €161,899 | -€1,397 | -0.9% |
| Stocks and contracts in progress | 3 | €9,994 | €6,875 | -€3,118 | -31.2% |
| Stocks | 30/36 | €9,994 | €6,875 | -€3,118 | -31.2% |
| Amounts receivable within one year | 40/41 | €14,521 | €24,990 | +€10,470 | +72.1% |
| Trade receivables | 40 | €51 | €19,033 | +€18,982 | +37241.6% |
| Other amounts receivable | 41 | €14,470 | €5,957 | -€8,512 | -58.8% |
| Current investments | 50/53 | €105,200 | €95,571 | -€9,629 | -9.2% |
| Cash at bank and in hand | 54/58 | €28,439 | €26,810 | -€1,630 | -5.7% |
| Deferred charges and accrued income | 490/1 | €5,142 | €7,652 | +€2,511 | +48.8% |
| Total equity and liabilities | 10/49 | €283,642 | €316,524 | +€32,882 | +11.6% |
| Equity | 10/15 | €36,181 | €39,355 | +€3,174 | +8.8% |
| Contributions | 10/11 | €1,198 | €1,198 | = | 0.0% |
| Reserves | 13 | €34,983 | €38,157 | +€3,174 | +9.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €34,983 | €38,157 | +€3,174 | +9.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €247,461 | €277,169 | +€29,708 | +12.0% |
| Amounts payable after more than one year | 17 | €58,412 | €79,396 | +€20,984 | +35.9% |
| Financial debts | 170/4 | €58,412 | €79,396 | +€20,984 | +35.9% |
| Amounts payable within one year | 42/48 | €164,646 | €197,773 | +€33,127 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €30,775 | €26,918 | -€3,857 | -12.5% |
| Trade debts | 44 | €31,736 | €51,825 | +€20,089 | +63.3% |
| Suppliers | 440/4 | €31,736 | €51,825 | +€20,089 | +63.3% |
| Taxes, remuneration and social security | 45 | €29,246 | €27,444 | -€1,801 | -6.2% |
| Taxes | 450/3 | €11,230 | €10,981 | -€250 | -2.2% |
| Remuneration and social security | 454/9 | €18,015 | €16,464 | -€1,552 | -8.6% |
| Other amounts payable | 47/48 | €72,890 | €91,586 | +€18,696 | +25.7% |
| Accrued charges and deferred income | 492/3 | €24,403 | €0 | -€24,403 | -100.0% |
| Non-recurring operating income | 76A | €0 | €16,166 | +€16,166 | |
| Remuneration, social security and pensions | 62 | €183,469 | €185,792 | +€2,324 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,586 | €35,166 | +€2,580 | +7.9% |
| Other operating charges | 640/8 | €25,928 | €30,032 | +€4,104 | +15.8% |
| Non-recurring operating charges | 66A | €824 | €22,228 | +€21,404 | +2598.3% |
| Gross operating margin | 9900 | €269,627 | €292,095 | +€22,468 | +8.3% |
| Operating profit (loss) | 9901 | €26,821 | €18,877 | -€7,943 | -29.6% |
| Financial income | 75/76B | €695 | €608 | -€87 | -12.6% |
| Recurring financial income | 75 | €695 | €608 | -€87 | -12.6% |
| Financial charges | 65/66B | €11,497 | €10,965 | -€532 | -4.6% |
| Recurring financial charges | 65 | €11,497 | €10,965 | -€532 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €16,019 | €8,520 | -€7,499 | -46.8% |
| Income taxes | 67/77 | €8,850 | €5,347 | -€3,503 | -39.6% |
| Profit (loss) for the period | 9904 | €7,169 | €3,174 | -€3,996 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,169 | €3,174 | -€3,996 | -55.7% |
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 11 October 2026 via checked.be.