TENTWELVE: what changed
TENTWELVE
Largest movements
- Receivables within one year -€34,130
down €34,130 (-52.5%), from €65,058 to €30,929
of which Trade receivables: -€35,665
- Cash -€3,592
down €3,592 (-50.1%), from €7,164 to €3,572
mainly Net result for the year (-€46,536) and Tax, wage and social debts (-€8,880)
- Financial fixed assets -€2,912
down €2,912 (-100%), from €2,912 to €0
- Profit (loss) carried forward -€46,536
down €46,536, from €1,654 to -€44,882
- Tax, wage and social debts -€8,880
down €8,880 (-38.5%), from €23,052 to €14,172
of which Taxes: -€5,528
- Trade debts +€7,948
up €7,948 (+202%), from €3,942 to €11,890
- Short-term financial debts +€7,660
up €7,660 (+38.3%), from €20,000 to €27,660
- Gross operating margin -€34,906
down €34,906 (-89.1%), from €39,162 to €4,256
- Staff costs +€1,127
up €1,127 (+2.5%), from €45,967 to €47,094
- Financial income -€429
down €429 (-95.0%), from €452 to €22
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 | €75,172 | €34,611 | -€40,562 | -54.0% |
| Fixed assets | 21/28 | €2,950 | €0 | -€2,950 | -100% |
| Tangible fixed assets | 22/27 | €38 | €0 | -€38 | -100% |
| Furniture and vehicles | 24 | €38 | €0 | -€38 | -100% |
| Financial fixed assets | 28 | €2,912 | €0 | -€2,912 | -100% |
| Current assets | 29/58 | €72,223 | €34,611 | -€37,612 | -52.1% |
| Amounts receivable within one year | 40/41 | €65,058 | €30,929 | -€34,130 | -52.5% |
| Trade receivables | 40 | €51,621 | €15,956 | -€35,665 | -69.1% |
| Other amounts receivable | 41 | €13,437 | €14,973 | +€1,536 | +11.4% |
| Cash at bank and in hand | 54/58 | €7,164 | €3,572 | -€3,592 | -50.1% |
| Deferred charges and accrued income | 490/1 | €0 | €110 | +€110 | |
| Total equity and liabilities | 10/49 | €75,172 | €34,611 | -€40,562 | -54.0% |
| Equity | 10/15 | €27,425 | -€19,111 | -€46,536 | |
| Contributions | 10/11 | €14,598 | €14,598 | = | 0.0% |
| Reserves | 13 | €11,173 | €11,173 | = | 0.0% |
| Distributable reserves | 133 | €11,173 | €11,173 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,654 | -€44,882 | -€46,536 | |
| Amounts payable | 17/49 | €47,747 | €53,721 | +€5,974 | +12.5% |
| Amounts payable within one year | 42/48 | €47,234 | €53,721 | +€6,487 | +13.7% |
| Financial debts | 43 | €20,000 | €27,660 | +€7,660 | +38.3% |
| Credit institutions | 430/8 | €20,000 | €27,660 | +€7,660 | +38.3% |
| Trade debts | 44 | €3,942 | €11,890 | +€7,948 | +202% |
| Suppliers | 440/4 | €3,942 | €11,890 | +€7,948 | +202% |
| Taxes, remuneration and social security | 45 | €23,052 | €14,172 | -€8,880 | -38.5% |
| Taxes | 450/3 | €19,700 | €14,172 | -€5,528 | -28.1% |
| Remuneration and social security | 454/9 | €3,352 | €0 | -€3,352 | -100% |
| Other amounts payable | 47/48 | €240 | €0 | -€240 | -100% |
| Accrued charges and deferred income | 492/3 | €513 | €0 | -€513 | -100% |
| Remuneration, social security and pensions | 62 | €45,967 | €47,094 | +€1,127 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329 | €38 | -€291 | -88.5% |
| Other operating charges | 640/8 | €451 | €526 | +€75 | +16.6% |
| Gross operating margin | 9900 | €39,162 | €4,256 | -€34,906 | -89.1% |
| Operating profit (loss) | 9901 | -€7,585 | -€43,402 | -€35,817 | -472% |
| Financial income | 75/76B | €452 | €22 | -€429 | -95.0% |
| Recurring financial income | 75 | €452 | €22 | -€429 | -95.0% |
| Financial charges | 65/66B | €3,541 | €3,157 | -€385 | -10.9% |
| Recurring financial charges | 65 | €3,541 | €3,157 | -€385 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,675 | -€46,536 | -€35,861 | -336% |
| Income taxes | 67/77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€10,675 | -€46,536 | -€35,861 | -336% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,675 | -€46,536 | -€35,861 | -336% |
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 2 November 2026 via checked.be.