TenX: 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.
TenX
Largest movements
- Financial fixed assets +€96,770
up €96,770 (+22246.0%), from €435 to €97,205
- Receivables within one year +€65,179
up €65,179 (+81.0%), from €80,473 to €145,653
of which Trade receivables: +€74,354
- Cash +€20,984
up €20,984 (+74.3%), from €28,235 to €49,219
mainly Trade debts (+€70,481) and Other debts (+€37,747)
- Receivables after one year +€10,000
new in 2025: €10,000
- Trade debts +€70,481
up €70,481 (+87.7%), from €80,330 to €150,811
- Other debts +€37,747
up €37,747 (+389.5%), from €9,690 to €47,438
- Debts after one year +€36,000
new in 2025: €36,000
- Short-term financial debts +€36,000
new in 2025: €36,000
- Reserves +€8,631
up €8,631 (+50.5%), from €17,100 to €25,731
- Gross operating margin +€22,781
up €22,781 (+135.6%), from €16,800 to €39,581
- Staff costs +€8,403
new in 2025: €8,403
- Taxes +€4,586
up €4,586, from -€433 to €4,152
- Financial charges +€2,627
up €2,627 (+5633.2%), from €47 to €2,673
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 | €109,825 | €305,494 | +€195,669 | +178.2% |
| Fixed assets | 21/28 | €435 | €99,238 | +€98,803 | +22713.3% |
| Tangible fixed assets | 22/27 | - | €2,033 | +€2,033 | |
| Furniture and vehicles | 24 | - | €2,033 | +€2,033 | |
| Financial fixed assets | 28 | €435 | €97,205 | +€96,770 | +22246.0% |
| Current assets | 29/58 | €109,390 | €206,256 | +€96,866 | +88.6% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €80,473 | €145,653 | +€65,179 | +81.0% |
| Trade receivables | 40 | €66,790 | €141,144 | +€74,354 | +111.3% |
| Other amounts receivable | 41 | €13,683 | €4,509 | -€9,174 | -67.0% |
| Cash at bank and in hand | 54/58 | €28,235 | €49,219 | +€20,984 | +74.3% |
| Deferred charges and accrued income | 490/1 | €682 | €1,384 | +€702 | +103.0% |
| Total equity and liabilities | 10/49 | €109,825 | €305,494 | +€195,669 | +178.2% |
| Equity | 10/15 | €17,105 | €25,736 | +€8,631 | +50.5% |
| Contributions | 10/11 | €5 | €5 | = | 0.0% |
| Reserves | 13 | €17,100 | €25,731 | +€8,631 | +50.5% |
| Distributable reserves | 133 | €17,100 | €25,731 | +€8,631 | +50.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,720 | €279,758 | +€187,038 | +201.7% |
| Amounts payable after more than one year | 17 | - | €36,000 | +€36,000 | |
| Financial debts | 170/4 | - | €36,000 | +€36,000 | |
| Amounts payable within one year | 42/48 | €92,720 | €240,045 | +€147,325 | +158.9% |
| Financial debts | 43 | - | €36,000 | +€36,000 | |
| Other loans | 439 | - | €36,000 | +€36,000 | |
| Trade debts | 44 | €80,330 | €150,811 | +€70,481 | +87.7% |
| Suppliers | 440/4 | €80,330 | €150,811 | +€70,481 | +87.7% |
| Taxes, remuneration and social security | 45 | €2,699 | €5,796 | +€3,097 | +114.7% |
| Taxes | 450/3 | €2,699 | €4,677 | +€1,978 | +73.3% |
| Remuneration and social security | 454/9 | - | €1,119 | +€1,119 | |
| Other amounts payable | 47/48 | €9,690 | €47,438 | +€37,747 | +389.5% |
| Accrued charges and deferred income | 492/3 | - | €3,713 | +€3,713 | |
| Remuneration, social security and pensions | 62 | - | €8,403 | +€8,403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €139 | +€139 | |
| Other operating charges | 640/8 | €384 | €611 | +€226 | +58.9% |
| Gross operating margin | 9900 | €16,800 | €39,581 | +€22,781 | +135.6% |
| Operating profit (loss) | 9901 | €16,415 | €30,428 | +€14,013 | +85.4% |
| Financial income | 75/76B | €0 | €28 | +€28 | +140450.0% |
| Recurring financial income | 75 | €0 | €28 | +€28 | +140450.0% |
| Financial charges | 65/66B | €47 | €2,673 | +€2,627 | +5633.2% |
| Recurring financial charges | 65 | €47 | €2,673 | +€2,627 | +5633.2% |
| Profit (loss) for the period before taxes | 9903 | €16,369 | €27,783 | +€11,414 | +69.7% |
| Income taxes | 67/77 | -€433 | €4,152 | +€4,586 | |
| Profit (loss) for the period | 9904 | €16,802 | €23,631 | +€6,828 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,802 | €23,631 | +€6,828 | +40.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.