TENO RV: 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.
TENO RV
Largest movements
- Cash +€97,155
up €97,155 (+14,976%), from €649 to €97,804
mainly Net result for the year (+€71,523) and Investment in fixed assets (net) (+€48,126)
- Tangible fixed assets -€48,653
down €48,653 (-97.3%), from €49,986 to €1,333
of which Land and buildings: -€48,126
- Receivables within one year -€4,632
down €4,632 (-61.2%), from €7,563 to €2,931
of which Trade receivables: -€2,541
- Profit (loss) carried forward +€71,523
up €71,523 (+1,689%), from €4,235 to €75,758
- Other debts -€42,119
down €42,119 (-89.3%), from €47,159 to €5,040
- Tax, wage and social debts +€16,377
up €16,377 (+1,107%), from €1,479 to €17,856
- Accrued charges and deferred income -€2,324
no longer reported in 2025 (was €2,324)
- Gross operating margin +€83,118
up €83,118 (+1,264%), from €6,574 to €89,692
- Taxes +€16,082
up €16,082 (+1,087%), from €1,479 to €17,561
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 | €58,197 | €102,067 | +€43,870 | +75.4% |
| Fixed assets | 21/28 | €49,986 | €1,333 | -€48,653 | -97.3% |
| Tangible fixed assets | 22/27 | €49,986 | €1,333 | -€48,653 | -97.3% |
| Land and buildings | 22 | €48,126 | - | -€48,126 | |
| Furniture and vehicles | 24 | €1,859 | €1,333 | -€527 | -28.3% |
| Current assets | 29/58 | €8,212 | €100,734 | +€92,523 | +1,127% |
| Amounts receivable within one year | 40/41 | €7,563 | €2,931 | -€4,632 | -61.2% |
| Trade receivables | 40 | €2,541 | - | -€2,541 | |
| Other amounts receivable | 41 | €5,021 | €2,931 | -€2,091 | -41.6% |
| Cash at bank and in hand | 54/58 | €649 | €97,804 | +€97,155 | +14,976% |
| Total equity and liabilities | 10/49 | €58,197 | €102,067 | +€43,870 | +75.4% |
| Equity | 10/15 | €7,235 | €78,758 | +€71,523 | +989% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,235 | €75,758 | +€71,523 | +1,689% |
| Amounts payable | 17/49 | €50,962 | €23,309 | -€27,653 | -54.3% |
| Amounts payable within one year | 42/48 | €48,638 | €23,309 | -€25,329 | -52.1% |
| Trade debts | 44 | - | €413 | +€413 | |
| Suppliers | 440/4 | - | €413 | +€413 | |
| Taxes, remuneration and social security | 45 | €1,479 | €17,856 | +€16,377 | +1,107% |
| Taxes | 450/3 | €1,479 | €17,856 | +€16,377 | +1,107% |
| Other amounts payable | 47/48 | €47,159 | €5,040 | -€42,119 | -89.3% |
| Accrued charges and deferred income | 492/3 | €2,324 | - | -€2,324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €857 | €527 | -€330 | -38.5% |
| Gross operating margin | 9900 | €6,574 | €89,692 | +€83,118 | +1,264% |
| Operating profit (loss) | 9901 | €5,718 | €89,166 | +€83,448 | +1,459% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €4 | €82 | +€79 | +2,166% |
| Recurring financial charges | 65 | €4 | €82 | +€79 | +2,166% |
| Profit (loss) for the period before taxes | 9903 | €5,714 | €89,083 | +€83,369 | +1,459% |
| Income taxes | 67/77 | €1,479 | €17,561 | +€16,082 | +1,087% |
| Profit (loss) for the period | 9904 | €4,235 | €71,523 | +€67,287 | +1,589% |
| Profit (loss) for the period to be appropriated | 9905 | €4,235 | €71,523 | +€67,287 | +1,589% |
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 19 October 2026 via checked.be.