TENSHI GENVAL: what changed
TENSHI GENVAL
Largest movements
- Cash +€5,286
up €5,286 (+32.8%), from €16,102 to €21,388
mainly Net result for the year (+€41,550) and Deferred charges and accrued income (+€2,859)
- Deferred charges and accrued income -€2,859
down €2,859 (-17.6%), from €16,240 to €13,381
- Stocks and contracts -€2,142
down €2,142 (-15.7%), from €13,677 to €11,535
- Profit (loss) carried forward +€41,550
up €41,550 (+1,380%), from €3,010 to €44,560
- Trade debts -€28,274
down €28,274 (-66.1%), from €42,795 to €14,521
- Tax, wage and social debts -€9,860
down €9,860 (-15.1%), from €65,272 to €55,412
of which Remuneration and social security: -€6,113
- Other debts -€4,641
down €4,641 (-10.3%), from €45,209 to €40,568
- Gross operating margin +€23,018
up €23,018 (+7.4%), from €310,574 to €333,592
- Staff costs -€17,946
down €17,946 (-6.0%), from €300,793 to €282,847
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,732 | €161,075 | +€343 | +0.2% |
| Fixed assets | 21/28 | €14,929 | €13,923 | -€1,006 | -6.7% |
| Tangible fixed assets | 22/27 | €14,689 | €13,923 | -€766 | -5.2% |
| Plant, machinery and equipment | 23 | €1,687 | €2,450 | +€763 | +45.2% |
| Other tangible fixed assets | 26 | €13,002 | €11,473 | -€1,529 | -11.8% |
| Financial fixed assets | 28 | €240 | - | -€240 | |
| Current assets | 29/58 | €145,803 | €147,152 | +€1,349 | +0.9% |
| Stocks and contracts in progress | 3 | €13,677 | €11,535 | -€2,142 | -15.7% |
| Stocks | 30/36 | €13,677 | €11,535 | -€2,142 | -15.7% |
| Amounts receivable within one year | 40/41 | €99,784 | €100,848 | +€1,064 | +1.1% |
| Trade receivables | 40 | €99,784 | €57,669 | -€42,115 | -42.2% |
| Other amounts receivable | 41 | - | €43,179 | +€43,179 | |
| Cash at bank and in hand | 54/58 | €16,102 | €21,388 | +€5,286 | +32.8% |
| Deferred charges and accrued income | 490/1 | €16,240 | €13,381 | -€2,859 | -17.6% |
| Total equity and liabilities | 10/49 | €160,732 | €161,075 | +€343 | +0.2% |
| Equity | 10/15 | €3,010 | €44,560 | +€41,550 | +1,380% |
| Profit (loss) carried forward | 14 | €3,010 | €44,560 | +€41,550 | +1,380% |
| Amounts payable | 17/49 | €157,722 | €116,515 | -€41,207 | -26.1% |
| Amounts payable within one year | 42/48 | €157,722 | €116,515 | -€41,207 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €4,446 | €6,014 | +€1,568 | +35.3% |
| Trade debts | 44 | €42,795 | €14,521 | -€28,274 | -66.1% |
| Suppliers | 440/4 | €42,795 | €14,521 | -€28,274 | -66.1% |
| Taxes, remuneration and social security | 45 | €65,272 | €55,412 | -€9,860 | -15.1% |
| Taxes | 450/3 | €10,925 | €7,178 | -€3,747 | -34.3% |
| Remuneration and social security | 454/9 | €54,347 | €48,234 | -€6,113 | -11.2% |
| Other amounts payable | 47/48 | €45,209 | €40,568 | -€4,641 | -10.3% |
| Remuneration, social security and pensions | 62 | €300,793 | €282,847 | -€17,946 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,010 | €2,052 | +€42 | +2.1% |
| Other operating charges | 640/8 | €663 | €2,234 | +€1,571 | +237% |
| Gross operating margin | 9900 | €310,574 | €333,592 | +€23,018 | +7.4% |
| Operating profit (loss) | 9901 | €7,108 | €46,459 | +€39,351 | +554% |
| Financial income | 75/76B | €10 | €1,706 | +€1,696 | +16,960% |
| Recurring financial income | 75 | €10 | €1,477 | +€1,467 | +14,670% |
| Non-recurring financial income | 76B | - | €229 | +€229 | |
| Financial charges | 65/66B | €6,274 | €7,133 | +€859 | +13.7% |
| Recurring financial charges | 65 | €6,274 | €7,133 | +€859 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €844 | €41,032 | +€40,188 | +4,762% |
| Income taxes | 67/77 | €161 | -€518 | -€679 | |
| Profit (loss) for the period | 9904 | €683 | €41,550 | +€40,867 | +5,983% |
| Profit (loss) for the period to be appropriated | 9905 | €683 | €41,550 | +€40,867 | +5,983% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.