TenSco: 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.
TenSco
Largest movements
- Receivables within one year -€504,055
down €504,055 (-71.7%), from €702,687 to €198,632
of which Other amounts receivable: -€504,055
- Cash +€66,996
up €66,996 (+45.5%), from €147,287 to €214,283
mainly Receivables within one year (+€504,055) and Net result for the year (+€78,341)
- Debts after one year -€602,841
down €602,841 (-23.4%), from €2.6m to €2.0m
- Reserves +€78,341
up €78,341 (+3.8%), from €2.0m to €2.1m
- Other debts +€65,000
up €65,000 (+65.0%), from €100,000 to €165,000
- Financial income -€559,055
down €559,055 (-84.8%), from €659,055 to €100,000
- Financial charges -€24,745
down €24,745 (-21.6%), from €114,667 to €89,922
- Gross operating margin -€12,180
down €12,180 (-14.7%), from €83,113 to €70,934
- Other operating charges +€1,002
up €1,002 (+467%), from €215 to €1,217
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 | €5,713,174 | €5,274,661 | -€438,513 | -7.7% |
| Fixed assets | 21/28 | €4,861,231 | €4,859,776 | -€1,455 | 0.0% |
| Tangible fixed assets | 22/27 | €2,351 | €896 | -€1,455 | -61.9% |
| Furniture and vehicles | 24 | €2,351 | €896 | -€1,455 | -61.9% |
| Financial fixed assets | 28 | €4,858,880 | €4,858,880 | = | 0.0% |
| Current assets | 29/58 | €851,943 | €414,885 | -€437,059 | -51.3% |
| Amounts receivable within one year | 40/41 | €702,687 | €198,632 | -€504,055 | -71.7% |
| Trade receivables | 40 | €19,632 | €19,632 | = | 0.0% |
| Other amounts receivable | 41 | €683,055 | €179,000 | -€504,055 | -73.8% |
| Cash at bank and in hand | 54/58 | €147,287 | €214,283 | +€66,996 | +45.5% |
| Deferred charges and accrued income | 490/1 | €1,969 | €1,969 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €5,713,174 | €5,274,661 | -€438,513 | -7.7% |
| Equity | 10/15 | €2,436,878 | €2,515,219 | +€78,341 | +3.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €2,036,878 | €2,115,219 | +€78,341 | +3.8% |
| Distributable reserves | 133 | €2,036,878 | €2,115,219 | +€78,341 | +3.8% |
| Amounts payable | 17/49 | €3,276,296 | €2,759,442 | -€516,854 | -15.8% |
| Amounts payable after more than one year | 17 | €2,570,957 | €1,968,116 | -€602,841 | -23.4% |
| Financial debts | 170/4 | €2,570,957 | €1,968,116 | -€602,841 | -23.4% |
| Amounts payable within one year | 42/48 | €705,339 | €791,326 | +€85,987 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €589,086 | €602,841 | +€13,755 | +2.3% |
| Financial debts | 43 | €0 | €2,000 | +€2,000 | |
| Credit institutions | 430/8 | €0 | €2,000 | +€2,000 | |
| Trade debts | 44 | €12,143 | €15,872 | +€3,729 | +30.7% |
| Suppliers | 440/4 | €12,143 | €15,872 | +€3,729 | +30.7% |
| Taxes, remuneration and social security | 45 | €4,110 | €5,614 | +€1,503 | +36.6% |
| Taxes | 450/3 | €4,110 | €5,614 | +€1,503 | +36.6% |
| Other amounts payable | 47/48 | €100,000 | €165,000 | +€65,000 | +65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,455 | €1,455 | = | 0.0% |
| Other operating charges | 640/8 | €215 | €1,217 | +€1,002 | +467% |
| Gross operating margin | 9900 | €83,113 | €70,934 | -€12,180 | -14.7% |
| Operating profit (loss) | 9901 | €81,444 | €68,263 | -€13,182 | -16.2% |
| Financial income | 75/76B | €659,055 | €100,000 | -€559,055 | -84.8% |
| Recurring financial income | 75 | €659,055 | €100,000 | -€559,055 | -84.8% |
| Financial charges | 65/66B | €114,667 | €89,922 | -€24,745 | -21.6% |
| Recurring financial charges | 65 | €114,667 | €89,922 | -€24,745 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €625,832 | €78,341 | -€547,491 | -87.5% |
| Income taxes | 67/77 | €437 | €0 | -€437 | -100% |
| Profit (loss) for the period | 9904 | €625,395 | €78,341 | -€547,055 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €625,395 | €78,341 | -€547,055 | -87.5% |
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.