TENSITY: 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.
What changed
TENSITY
NACE 29.100, Manufacture of motor vehicles, trailers and semi-trailers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,170
2024 · €6,989+€3,180
Equity
€74,817
2024 · €64,648+€10,170
Cash
€614
2024 · €439+€175
Balance sheet total
€1.1m
2024 · €1.1m+€69,738
Largest movements
Assets
- Receivables within one year +€84,095
up €84,095 (+37.0%), from €227,571 to €311,666
of which Trade receivables: +€83,563
- Receivables after one year -€14,950
down €14,950 (-7.5%), from €200,000 to €185,050
Equity and liabilities
- Trade debts +€59,246
up €59,246 (+9.1%), from €649,853 to €709,099
Income statement
- Gross operating margin +€1,799
up €1,799 (+2.6%), from €70,491 to €72,290
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.
Result 2024
€6,989
Gross operating margin
+€1,799
Staff costs
+€618
Depreciation
+€697
Other operating charges
-€31
Financial charges
+€262
Taxes
-€164
Result 2025
€10,170
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.
From operations
+€175
Investment
€0
Financing
€0
Cash 2024
€439
From operations (derived)
+€175
Net result for the year
+€10,170
Depreciation
+€81
Receivables after one year
+€14,950
Receivables within one year
-€84,095
Deferred charges and accrued income
-€500
Trade debts
+€59,246
Tax, wage and social debts
+€361
Accrued charges and deferred income
-€39
Cash 2025
€614
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,076,350 | €1,146,088 | +€69,738 | +6.5% |
| Fixed assets | 21/28 | €648,340 | €648,258 | -€81 | 0.0% |
| Tangible fixed assets | 22/27 | €648,340 | €648,258 | -€81 | 0.0% |
| Furniture and vehicles | 24 | €81 | €0 | -€81 | -100.0% |
| Assets under construction and advance payments | 27 | €648,258 | €648,258 | = | 0.0% |
| Current assets | 29/58 | €428,010 | €497,830 | +€69,820 | +16.3% |
| Amounts receivable after more than one year | 29 | €200,000 | €185,050 | -€14,950 | -7.5% |
| Trade receivables | 290 | €200,000 | €185,050 | -€14,950 | -7.5% |
| Amounts receivable within one year | 40/41 | €227,571 | €311,666 | +€84,095 | +37.0% |
| Trade receivables | 40 | €227,571 | €311,134 | +€83,563 | +36.7% |
| Other amounts receivable | 41 | - | €532 | +€532 | |
| Cash at bank and in hand | 54/58 | €439 | €614 | +€175 | +39.8% |
| Deferred charges and accrued income | 490/1 | €0 | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €1,076,350 | €1,146,088 | +€69,738 | +6.5% |
| Equity | 10/15 | €64,648 | €74,817 | +€10,170 | +15.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €444 | €444 | = | 0.0% |
| Non-distributable reserves | 130/1 | €444 | €444 | = | 0.0% |
| Legal reserve | 130 | €444 | €444 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,204 | €12,373 | +€10,170 | +461.5% |
| Amounts payable | 17/49 | €1,011,702 | €1,071,270 | +€59,568 | +5.9% |
| Amounts payable after more than one year | 17 | €334,720 | €334,720 | = | 0.0% |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Other amounts payable | 178/9 | €334,720 | €334,720 | = | 0.0% |
| Amounts payable within one year | 42/48 | €676,943 | €736,550 | +€59,607 | +8.8% |
| Trade debts | 44 | €649,853 | €709,099 | +€59,246 | +9.1% |
| Suppliers | 440/4 | €649,853 | €709,099 | +€59,246 | +9.1% |
| Taxes, remuneration and social security | 45 | €27,090 | €27,452 | +€361 | +1.3% |
| Taxes | 450/3 | €13,849 | €16,069 | +€2,220 | +16.0% |
| Remuneration and social security | 454/9 | €13,242 | €11,383 | -€1,859 | -14.0% |
| Accrued charges and deferred income | 492/3 | €39 | €0 | -€39 | -100.0% |
| Remuneration, social security and pensions | 62 | €58,643 | €58,025 | -€618 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | €81 | -€697 | -89.5% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €70,491 | €72,290 | +€1,799 | +2.6% |
| Operating profit (loss) | 9901 | €10,102 | €13,185 | +€3,083 | +30.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,027 | €765 | -€262 | -25.5% |
| Recurring financial charges | 65 | €1,027 | €765 | -€262 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €9,075 | €12,420 | +€3,345 | +36.9% |
| Income taxes | 67/77 | €2,086 | €2,250 | +€164 | +7.9% |
| Profit (loss) for the period | 9904 | €6,989 | €10,170 | +€3,180 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,989 | €10,170 | +€3,180 | +45.5% |
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 29 September 2026 via checked.be.