TENSING: 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.
TENSING
Largest movements
- Cash -€21,347
down €21,347 (-28.3%), from €75,377 to €54,030
mainly Other debts (-€13,854) and Tax, wage and social debts (-€12,096)
- Receivables within one year -€15,003
down €15,003 (-79.6%), from €18,841 to €3,839
of which Trade receivables: -€18,841
- Tangible fixed assets -€4,566
down €4,566 (-77.3%), from €5,904 to €1,338
of which Furniture and vehicles: -€5,882
- Other debts -€13,854
down €13,854 (-70.2%), from €19,740 to €5,886
- Tax, wage and social debts -€12,096
down €12,096 (-78.0%), from €15,502 to €3,405
- Trade debts -€11,466
down €11,466 (-62.2%), from €18,437 to €6,971
- Profit (loss) carried forward -€3,955
down €3,955, from €85 to -€3,870
- Gross operating margin -€49,484
down €49,484 (-94.0%), from €52,642 to €3,158
- Taxes -€9,218
down €9,218 (-88.8%), from €10,379 to €1,161
- Depreciation -€700
down €700 (-12.2%), from €5,735 to €5,034
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 | €100,835 | €59,463 | -€41,372 | -41.0% |
| Fixed assets | 21/28 | €5,966 | €1,400 | -€4,566 | -76.5% |
| Tangible fixed assets | 22/27 | €5,904 | €1,338 | -€4,566 | -77.3% |
| Plant, machinery and equipment | 23 | €22 | €1,338 | +€1,316 | +6043.6% |
| Furniture and vehicles | 24 | €5,882 | - | -€5,882 | |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €94,868 | €58,062 | -€36,806 | -38.8% |
| Amounts receivable within one year | 40/41 | €18,841 | €3,839 | -€15,003 | -79.6% |
| Trade receivables | 40 | €18,841 | - | -€18,841 | |
| Other amounts receivable | 41 | - | €3,839 | +€3,839 | |
| Cash at bank and in hand | 54/58 | €75,377 | €54,030 | -€21,347 | -28.3% |
| Deferred charges and accrued income | 490/1 | €650 | €194 | -€456 | -70.2% |
| Total equity and liabilities | 10/49 | €100,835 | €59,463 | -€41,372 | -41.0% |
| Equity | 10/15 | €47,156 | €43,201 | -€3,955 | -8.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €39,011 | €39,011 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,500 | €27,500 | = | 0.0% |
| Other | 1319 | €27,500 | €27,500 | = | 0.0% |
| Distributable reserves | 133 | €11,511 | €11,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85 | -€3,870 | -€3,955 | |
| Amounts payable | 17/49 | €53,679 | €16,262 | -€37,417 | -69.7% |
| Amounts payable within one year | 42/48 | €53,679 | €16,262 | -€37,417 | -69.7% |
| Trade debts | 44 | €18,437 | €6,971 | -€11,466 | -62.2% |
| Suppliers | 440/4 | €18,437 | €6,971 | -€11,466 | -62.2% |
| Taxes, remuneration and social security | 45 | €15,502 | €3,405 | -€12,096 | -78.0% |
| Taxes | 450/3 | €15,502 | €3,405 | -€12,096 | -78.0% |
| Other amounts payable | 47/48 | €19,740 | €5,886 | -€13,854 | -70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,735 | €5,034 | -€700 | -12.2% |
| Other operating charges | 640/8 | €752 | €667 | -€85 | -11.3% |
| Non-recurring operating charges | 66A | €287 | - | -€287 | |
| Gross operating margin | 9900 | €52,642 | €3,158 | -€49,484 | -94.0% |
| Operating profit (loss) | 9901 | €45,869 | -€2,543 | -€48,412 | |
| Financial charges | 65/66B | €728 | €251 | -€477 | -65.6% |
| Recurring financial charges | 65 | €728 | €251 | -€477 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €45,141 | -€2,794 | -€47,935 | |
| Income taxes | 67/77 | €10,379 | €1,161 | -€9,218 | -88.8% |
| Profit (loss) for the period | 9904 | €34,762 | -€3,955 | -€38,717 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,762 | -€3,955 | -€38,717 |
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 28 September 2026 via checked.be.