TenS: 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.
TenS
Largest movements
- Receivables within one year +€4,649
up €4,649 (+53.1%), from €8,757 to €13,406
of which Trade receivables: +€5,384
- Tangible fixed assets +€4,408
up €4,408 (+2.9%), from €154,615 to €159,023
of which Furniture and vehicles: +€11,531
- Reserves +€13,908
up €13,908 (+22.1%), from €63,025 to €76,933
- Other debts -€12,375
down €12,375 (-68.2%), from €18,134 to €5,758
- Current portion of long-term debt +€6,221
up €6,221 (+60.5%), from €10,283 to €16,503
- Debts after one year -€3,262
down €3,262 (-4.3%), from €76,738 to €73,475
- Gross operating margin +€14,145
up €14,145 (+23.1%), from €61,182 to €75,326
- Depreciation +€3,496
up €3,496 (+26.0%), from €13,443 to €16,939
- Taxes +€1,820
up €1,820 (+55.3%), from €3,289 to €5,109
- Other operating charges +€1,117
up €1,117 (+18.4%), from €6,074 to €7,191
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 | €195,175 | €200,811 | +€5,636 | +2.9% |
| Fixed assets | 21/28 | €154,615 | €159,023 | +€4,408 | +2.9% |
| Tangible fixed assets | 22/27 | €154,615 | €159,023 | +€4,408 | +2.9% |
| Land and buildings | 22 | €139,746 | €129,749 | -€9,997 | -7.2% |
| Plant, machinery and equipment | 23 | €13,975 | €16,849 | +€2,874 | +20.6% |
| Furniture and vehicles | 24 | €894 | €12,425 | +€11,531 | +1290.1% |
| Current assets | 29/58 | €40,560 | €41,788 | +€1,228 | +3.0% |
| Stocks and contracts in progress | 3 | €17,734 | €17,880 | +€146 | +0.8% |
| Stocks | 30/36 | €17,734 | €17,880 | +€146 | +0.8% |
| Amounts receivable within one year | 40/41 | €8,757 | €13,406 | +€4,649 | +53.1% |
| Trade receivables | 40 | €5,816 | €11,200 | +€5,384 | +92.6% |
| Other amounts receivable | 41 | €2,940 | €2,205 | -€735 | -25.0% |
| Cash at bank and in hand | 54/58 | €11,053 | €9,108 | -€1,944 | -17.6% |
| Deferred charges and accrued income | 490/1 | €3,017 | €1,395 | -€1,622 | -53.8% |
| Total equity and liabilities | 10/49 | €195,175 | €200,811 | +€5,636 | +2.9% |
| Equity | 10/15 | €69,225 | €83,133 | +€13,908 | +20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,025 | €76,933 | +€13,908 | +22.1% |
| Distributable reserves | 133 | €63,025 | €76,933 | +€13,908 | +22.1% |
| Amounts payable | 17/49 | €125,950 | €117,678 | -€8,272 | -6.6% |
| Amounts payable after more than one year | 17 | €76,738 | €73,475 | -€3,262 | -4.3% |
| Financial debts | 170/4 | €76,738 | €73,475 | -€3,262 | -4.3% |
| Amounts payable within one year | 42/48 | €49,147 | €43,359 | -€5,788 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €10,283 | €16,503 | +€6,221 | +60.5% |
| Financial debts | 43 | €134 | €276 | +€142 | +106.1% |
| Credit institutions | 430/8 | €134 | €276 | +€142 | +106.1% |
| Trade debts | 44 | €13,098 | €11,856 | -€1,242 | -9.5% |
| Suppliers | 440/4 | €13,098 | €11,856 | -€1,242 | -9.5% |
| Taxes, remuneration and social security | 45 | €7,499 | €8,965 | +€1,467 | +19.6% |
| Taxes | 450/3 | €3,404 | €4,747 | +€1,343 | +39.5% |
| Remuneration and social security | 454/9 | €4,095 | €4,218 | +€124 | +3.0% |
| Other amounts payable | 47/48 | €18,134 | €5,758 | -€12,375 | -68.2% |
| Accrued charges and deferred income | 492/3 | €66 | €844 | +€778 | +1184.3% |
| Remuneration, social security and pensions | 62 | €27,270 | €27,965 | +€695 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,443 | €16,939 | +€3,496 | +26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €141 | - | -€141 | |
| Other operating charges | 640/8 | €6,074 | €7,191 | +€1,117 | +18.4% |
| Gross operating margin | 9900 | €61,182 | €75,326 | +€14,145 | +23.1% |
| Operating profit (loss) | 9901 | €14,254 | €23,231 | +€8,977 | +63.0% |
| Financial income | 75/76B | €856 | €286 | -€570 | -66.6% |
| Recurring financial income | 75 | €856 | €286 | -€570 | -66.6% |
| Financial charges | 65/66B | €4,546 | €4,499 | -€47 | -1.0% |
| Recurring financial charges | 65 | €4,546 | €4,499 | -€47 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €10,564 | €19,018 | +€8,454 | +80.0% |
| Income taxes | 67/77 | €3,289 | €5,109 | +€1,820 | +55.3% |
| Profit (loss) for the period | 9904 | €7,275 | €13,908 | +€6,634 | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,275 | €13,908 | +€6,634 | +91.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.