TENROC: what changed
Two fiscal 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.
TENROC
Largest movements
- Receivables within one year -€51,811
down €51,811 (-19.3%), from €268,422 to €216,611
- Debts within one year -€66,943
down €66,943 (-42.1%), from €158,885 to €91,942
- Equity +€15,132
up €15,132 (+13.8%), from €109,787 to €124,919
of which Profit (loss) carried forward: +€15,132
- Gross operating margin +€74,402
up €74,402, from -€42,163 to €32,239
- Taxes +€4,454
up €4,454 (+2181.5%), from €204 to €4,659
- Depreciation -€2,219
no longer reported in 2020 (was €2,219)
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,672 | €216,861 | -€51,811 | -19.3% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €268,422 | €216,611 | -€51,811 | -19.3% |
| Amounts receivable within one year | 40/41 | €268,422 | €216,611 | -€51,811 | -19.3% |
| Total equity and liabilities | 10/49 | €268,672 | €216,861 | -€51,811 | -19.3% |
| Equity | 10/15 | €109,787 | €124,919 | +€15,132 | +13.8% |
| Contributions | 10/11 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €930 | €930 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,265 | €105,397 | +€15,132 | +16.8% |
| Amounts payable | 17/49 | €158,885 | €91,942 | -€66,943 | -42.1% |
| Amounts payable within one year | 42/48 | €158,885 | €91,942 | -€66,943 | -42.1% |
| Trade debts | 44 | €89,633 | €40,677 | -€48,956 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,219 | - | -€2,219 | |
| Gross operating margin | 9900 | -€42,163 | €32,239 | +€74,402 | |
| Operating profit (loss) | 9901 | -€54,046 | €19,480 | +€73,526 | |
| Recurring financial income | 75 | €6,499 | €310 | -€6,188 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | -€47,547 | €19,790 | +€67,337 | |
| Income taxes | 67/77 | €204 | €4,659 | +€4,454 | +2181.5% |
| Profit (loss) for the period | 9904 | -€47,751 | €15,132 | +€62,883 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,751 | €15,132 | +€62,883 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.