TENSIO: 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.
TENSIO
Largest movements
- Receivables within one year +€2.3m
up €2.3m (+621.1%), from €363,247 to €2.6m
of which Trade receivables: +€2.3m
- Tangible fixed assets +€1.8m
up €1.8m (+147.9%), from €1.2m to €3.0m
of which Assets under construction and advance payments: +€1.8m
- Cash -€296,255
down €296,255 (-59.7%), from €496,235 to €199,980
mainly Receivables within one year (-€2.3m) and Investment in fixed assets (net) (-€2.2m)
- Stocks and contracts +€160,945
up €160,945 (+9.3%), from €1.7m to €1.9m
of which Stocks: +€126,498
- Debts after one year +€1.4m
up €1.4m (+329.9%), from €424,475 to €1.8m
- Reserves +€1.1m
up €1.1m (+56.1%), from €2.0m to €3.0m
of which Distributable reserves: +€1.1m
- Trade debts +€884,267
up €884,267 (+110.9%), from €797,642 to €1.7m
- Short-term financial debts +€273,548
up €273,548 (+528.7%), from €51,744 to €325,292
- Other debts +€124,097
up €124,097 (+51.9%), from €239,273 to €363,371
- Gross operating margin +€426,617
up €426,617 (+12.7%), from €3.4m to €3.8m
- Taxes +€131,144
up €131,144 (+31.2%), from €420,026 to €551,170
- Financial charges -€57,248
down €57,248 (-34.1%), from €168,095 to €110,847
of which Financial charges: -€61,632
- Staff costs +€49,993
up €49,993 (+3.5%), from €1.4m to €1.5m
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 | €3,923,264 | €7,809,054 | +€3.9m | +99.0% |
| Fixed assets | 21/28 | €1,249,594 | €3,031,752 | +€1.8m | +142.6% |
| Intangible fixed assets | 21 | €39,660 | €32,111 | -€7,549 | -19.0% |
| Tangible fixed assets | 22/27 | €1,209,934 | €2,999,641 | +€1.8m | +147.9% |
| Land and buildings | 22 | €293,163 | €212,594 | -€80,569 | -27.5% |
| Plant, machinery and equipment | 23 | €786,989 | €783,301 | -€3,688 | -0.5% |
| Furniture and vehicles | 24 | €11,157 | €23,167 | +€12,010 | +107.6% |
| Leasing and similar rights | 25 | €25,128 | - | -€25,128 | |
| Other tangible fixed assets | 26 | - | €53,811 | +€53,811 | |
| Assets under construction and advance payments | 27 | €93,497 | €1,926,768 | +€1.8m | +1960.8% |
| Current assets | 29/58 | €2,673,671 | €4,777,301 | +€2.1m | +78.7% |
| Stocks and contracts in progress | 3 | €1,733,063 | €1,894,008 | +€160,945 | +9.3% |
| Stocks | 30/36 | €1,733,063 | €1,859,561 | +€126,498 | +7.3% |
| Contracts in progress | 37 | - | €34,447 | +€34,447 | |
| Amounts receivable within one year | 40/41 | €363,247 | €2,619,327 | +€2.3m | +621.1% |
| Trade receivables | 40 | €325,696 | €2,589,992 | +€2.3m | +695.2% |
| Other amounts receivable | 41 | €37,552 | €29,335 | -€8,217 | -21.9% |
| Cash at bank and in hand | 54/58 | €496,235 | €199,980 | -€296,255 | -59.7% |
| Deferred charges and accrued income | 490/1 | €81,125 | €63,986 | -€17,138 | -21.1% |
| Total equity and liabilities | 10/49 | €3,923,264 | €7,809,054 | +€3.9m | +99.0% |
| Equity | 10/15 | €1,976,169 | €3,065,697 | +€1.1m | +55.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,950,820 | €3,044,964 | +€1.1m | +56.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,948,820 | €3,042,964 | +€1.1m | +56.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €5,349 | €733 | -€4,616 | -86.3% |
| Provisions and deferred taxes | 16 | €1,783 | €244 | -€1,539 | -86.3% |
| Deferred taxes | 168 | €1,783 | €244 | -€1,539 | -86.3% |
| Amounts payable | 17/49 | €1,945,312 | €4,743,112 | +€2.8m | +143.8% |
| Amounts payable after more than one year | 17 | €424,475 | €1,824,667 | +€1.4m | +329.9% |
| Financial debts | 170/4 | €424,475 | €1,824,667 | +€1.4m | +329.9% |
| Amounts payable within one year | 42/48 | €1,493,804 | €2,842,272 | +€1.3m | +90.3% |
| Current portion of amounts payable after more than one year | 42 | €107,308 | €115,911 | +€8,602 | +8.0% |
| Financial debts | 43 | €51,744 | €325,292 | +€273,548 | +528.7% |
| Credit institutions | 430/8 | €51,744 | €325,292 | +€273,548 | +528.7% |
| Trade debts | 44 | €797,642 | €1,681,908 | +€884,267 | +110.9% |
| Suppliers | 440/4 | €797,642 | €1,681,908 | +€884,267 | +110.9% |
| Taxes, remuneration and social security | 45 | €297,836 | €355,790 | +€57,954 | +19.5% |
| Taxes | 450/3 | €221,854 | €227,259 | +€5,405 | +2.4% |
| Remuneration and social security | 454/9 | €75,983 | €128,531 | +€52,549 | +69.2% |
| Other amounts payable | 47/48 | €239,273 | €363,371 | +€124,097 | +51.9% |
| Accrued charges and deferred income | 492/3 | €27,033 | €76,173 | +€49,140 | +181.8% |
| Non-recurring operating income | 76A | €2,152 | €0 | -€2,152 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,429,447 | €1,479,440 | +€49,993 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432,833 | €452,388 | +€19,555 | +4.5% |
| Other operating charges | 640/8 | €29,950 | €33,520 | +€3,571 | +11.9% |
| Non-recurring operating charges | 66A | €11,394 | - | -€11,394 | |
| Gross operating margin | 9900 | €3,365,449 | €3,792,066 | +€426,617 | +12.7% |
| Operating profit (loss) | 9901 | €1,461,825 | €1,826,718 | +€364,892 | +25.0% |
| Financial income | 75/76B | €4,651 | €4,862 | +€211 | +4.5% |
| Recurring financial income | 75 | €4,651 | €4,862 | +€211 | +4.5% |
| Financial charges | 65/66B | €168,095 | €110,847 | -€57,248 | -34.1% |
| Recurring financial charges | 65 | €168,095 | €106,463 | -€61,632 | -36.7% |
| Non-recurring financial charges | 66B | - | €4,384 | +€4,384 | |
| Profit (loss) for the period before taxes | 9903 | €1,298,382 | €1,720,733 | +€422,351 | +32.5% |
| Transfer from deferred taxes | 780 | €1,539 | €1,539 | = | 0.0% |
| Income taxes | 67/77 | €420,026 | €551,170 | +€131,144 | +31.2% |
| Profit (loss) for the period | 9904 | €879,894 | €1,171,101 | +€291,207 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €879,894 | €1,171,101 | +€291,207 | +33.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.