Tenos: 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.
Tenos
Largest movements
- Cash +€103,585
up €103,585 (+272%), from €38,127 to €141,713
mainly Net result for the year (+€86,902) and Trade debts (+€49,977)
- Receivables within one year +€44,984
up €44,984 (+95.2%), from €47,227 to €92,211
- Reserves +€86,902
up €86,902 (+407%), from €21,357 to €108,260
- Trade debts +€49,977
up €49,977 (+288%), from €17,343 to €67,320
- Tax, wage and social debts +€19,500
up €19,500 (+151%), from €12,893 to €32,392
- Accrued charges and deferred income -€8,643
down €8,643 (-89.0%), from €9,710 to €1,067
- Gross operating margin +€83,914
up €83,914 (+293%), from €28,642 to €112,557
- Taxes +€16,920
up €16,920 (+313%), from €5,413 to €22,333
- Financial charges +€1,841
up €1,841 (+6,802%), from €27 to €1,868
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 | €89,043 | €237,042 | +€147,998 | +166% |
| Fixed assets | 21/28 | €3,311 | €2,312 | -€999 | -30.2% |
| Intangible fixed assets | 21 | €2,076 | €1,562 | -€514 | -24.8% |
| Tangible fixed assets | 22/27 | €1,235 | €750 | -€485 | -39.2% |
| Furniture and vehicles | 24 | €1,235 | €750 | -€485 | -39.2% |
| Current assets | 29/58 | €85,733 | €234,730 | +€148,997 | +174% |
| Amounts receivable within one year | 40/41 | €47,227 | €92,211 | +€44,984 | +95.2% |
| Trade receivables | 40 | €47,227 | €92,211 | +€44,984 | +95.2% |
| Cash at bank and in hand | 54/58 | €38,127 | €141,713 | +€103,585 | +272% |
| Deferred charges and accrued income | 490/1 | €378 | €807 | +€429 | +113% |
| Total equity and liabilities | 10/49 | €89,043 | €237,042 | +€147,998 | +166% |
| Equity | 10/15 | €23,857 | €110,760 | +€86,902 | +364% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €21,357 | €108,260 | +€86,902 | +407% |
| Distributable reserves | 133 | €21,357 | €108,260 | +€86,902 | +407% |
| Amounts payable | 17/49 | €65,186 | €126,282 | +€61,096 | +93.7% |
| Amounts payable within one year | 42/48 | €55,476 | €125,215 | +€69,739 | +126% |
| Trade debts | 44 | €17,343 | €67,320 | +€49,977 | +288% |
| Suppliers | 440/4 | €17,343 | €67,320 | +€49,977 | +288% |
| Taxes, remuneration and social security | 45 | €12,893 | €32,392 | +€19,500 | +151% |
| Taxes | 450/3 | €12,893 | €32,392 | +€19,500 | +151% |
| Other amounts payable | 47/48 | €25,240 | €25,502 | +€262 | +1.0% |
| Accrued charges and deferred income | 492/3 | €9,710 | €1,067 | -€8,643 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582 | €999 | +€417 | +71.7% |
| Other operating charges | 640/8 | €1,263 | €455 | -€809 | -64.0% |
| Gross operating margin | 9900 | €28,642 | €112,557 | +€83,914 | +293% |
| Operating profit (loss) | 9901 | €26,797 | €111,103 | +€84,306 | +315% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €27 | €1,868 | +€1,841 | +6,802% |
| Recurring financial charges | 65 | €27 | €1,868 | +€1,841 | +6,802% |
| Profit (loss) for the period before taxes | 9903 | €26,770 | €109,235 | +€82,465 | +308% |
| Income taxes | 67/77 | €5,413 | €22,333 | +€16,920 | +313% |
| Profit (loss) for the period | 9904 | €21,357 | €86,902 | +€65,545 | +307% |
| Profit (loss) for the period to be appropriated | 9905 | €21,357 | €86,902 | +€65,545 | +307% |
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 20 October 2026 via checked.be.