TENNISHAL AALTER: 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.
TENNISHAL AALTER
Largest movements
- Tangible fixed assets -€37,728
down €37,728 (-87.7%), from €43,031 to €5,303
of which Land and buildings: -€36,765
- Receivables within one year -€17,874
down €17,874 (-60.3%), from €29,645 to €11,771
of which Trade receivables: -€17,100
- Cash +€6,896
up €6,896 (+6.8%), from €101,234 to €108,130
mainly Net result for the year (+€49,431) and Depreciation (+€40,127)
- Deferred charges and accrued income +€2,220
up €2,220 (+51.0%), from €4,350 to €6,570
- Profit (loss) carried forward +€49,431
up €49,431 (+83.9%), from -€58,925 to -€9,494
- Debts after one year -€44,882
no longer reported in 2025 (was €44,882)
- Other debts -€22,576
down €22,576 (-79.3%), from €28,476 to €5,900
- Short-term financial debts -€12,568
down €12,568 (-21.9%), from €57,450 to €44,882
- Trade debts -€11,808
down €11,808 (-78.8%), from €14,983 to €3,175
- Gross operating margin +€15,393
up €15,393 (+9.8%), from €156,629 to €172,022
- Staff costs +€8,384
up €8,384 (+13.1%), from €63,779 to €72,163
- Financial charges -€2,716
down €2,716 (-30.9%), from €8,791 to €6,075
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 | €178,260 | €131,774 | -€46,486 | -26.1% |
| Fixed assets | 21/28 | €43,031 | €5,303 | -€37,728 | -87.7% |
| Tangible fixed assets | 22/27 | €43,031 | €5,303 | -€37,728 | -87.7% |
| Land and buildings | 22 | €40,111 | €3,346 | -€36,765 | -91.7% |
| Plant, machinery and equipment | 23 | - | €1,957 | +€1,957 | |
| Furniture and vehicles | 24 | €2,920 | - | -€2,920 | |
| Current assets | 29/58 | €135,229 | €126,471 | -€8,758 | -6.5% |
| Amounts receivable within one year | 40/41 | €29,645 | €11,771 | -€17,874 | -60.3% |
| Trade receivables | 40 | €27,270 | €10,170 | -€17,100 | -62.7% |
| Other amounts receivable | 41 | €2,375 | €1,601 | -€774 | -32.6% |
| Cash at bank and in hand | 54/58 | €101,234 | €108,130 | +€6,896 | +6.8% |
| Deferred charges and accrued income | 490/1 | €4,350 | €6,570 | +€2,220 | +51.0% |
| Total equity and liabilities | 10/49 | €178,260 | €131,774 | -€46,486 | -26.1% |
| Equity | 10/15 | -€33,189 | €16,242 | +€49,431 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,736 | €5,736 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,736 | €5,736 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,236 | €1,236 | = | 0.0% |
| Other | 1319 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,925 | -€9,494 | +€49,431 | +83.9% |
| Amounts payable | 17/49 | €211,449 | €115,532 | -€95,917 | -45.4% |
| Amounts payable after more than one year | 17 | €44,882 | - | -€44,882 | |
| Financial debts | 170/4 | €44,882 | - | -€44,882 | |
| Amounts payable within one year | 42/48 | €107,767 | €59,045 | -€48,722 | -45.2% |
| Financial debts | 43 | €57,450 | €44,882 | -€12,568 | -21.9% |
| Credit institutions | 430/8 | €57,450 | €44,882 | -€12,568 | -21.9% |
| Trade debts | 44 | €14,983 | €3,175 | -€11,808 | -78.8% |
| Suppliers | 440/4 | €14,983 | €3,175 | -€11,808 | -78.8% |
| Taxes, remuneration and social security | 45 | €6,858 | €5,088 | -€1,770 | -25.8% |
| Taxes | 450/3 | €6,858 | €5,088 | -€1,770 | -25.8% |
| Other amounts payable | 47/48 | €28,476 | €5,900 | -€22,576 | -79.3% |
| Accrued charges and deferred income | 492/3 | €58,800 | €56,487 | -€2,313 | -3.9% |
| Remuneration, social security and pensions | 62 | €63,779 | €72,163 | +€8,384 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,693 | €40,127 | +€434 | +1.1% |
| Other operating charges | 640/8 | €3,947 | €4,226 | +€279 | +7.1% |
| Gross operating margin | 9900 | €156,629 | €172,022 | +€15,393 | +9.8% |
| Operating profit (loss) | 9901 | €49,210 | €55,506 | +€6,296 | +12.8% |
| Financial charges | 65/66B | €8,791 | €6,075 | -€2,716 | -30.9% |
| Recurring financial charges | 65 | €8,791 | €6,075 | -€2,716 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €40,419 | €49,431 | +€9,012 | +22.3% |
| Profit (loss) for the period | 9904 | €40,419 | €49,431 | +€9,012 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,419 | €49,431 | +€9,012 | +22.3% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.