Tenzer & C°: 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.
Tenzer & C°
Largest movements
- Cash -€27,606
down €27,606 (-7.2%), from €385,859 to €358,253
mainly Investment in fixed assets (net) (-€26,271) and Other debts (-€18,000)
- Tangible fixed assets +€24,550
up €24,550 (+83.8%), from €29,284 to €53,834
of which Furniture and vehicles: +€27,207
- Other debts -€18,000
no longer reported in 2025 (was €18,000)
- Reserves +€15,425
up €15,425 (+16.7%), from €92,279 to €107,704
- Short-term financial debts +€4,589
up €4,589 (+282.3%), from €1,626 to €6,214
- Financial income -€35,239
down €35,239 (-82.7%), from €42,631 to €7,392
- Gross operating margin +€9,201
up €9,201 (+56.8%), from €16,188 to €25,389
- Taxes -€7,722
down €7,722 (-41.5%), from €18,613 to €10,891
- Depreciation +€1,721
new in 2025: €1,721
- Financial charges -€1,285
down €1,285 (-82.9%), from €1,550 to €265
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 | €415,259 | €415,916 | +€657 | +0.2% |
| Fixed assets | 21/28 | €29,284 | €53,834 | +€24,550 | +83.8% |
| Tangible fixed assets | 22/27 | €29,284 | €53,834 | +€24,550 | +83.8% |
| Land and buildings | 22 | €19,742 | €19,742 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,238 | €3,581 | -€2,657 | -42.6% |
| Furniture and vehicles | 24 | €3,304 | €30,511 | +€27,207 | +823.4% |
| Current assets | 29/58 | €385,975 | €362,081 | -€23,893 | -6.2% |
| Amounts receivable within one year | 40/41 | €116 | €3,828 | +€3,713 | +3204.0% |
| Other amounts receivable | 41 | €116 | €3,828 | +€3,713 | +3204.0% |
| Cash at bank and in hand | 54/58 | €385,859 | €358,253 | -€27,606 | -7.2% |
| Total equity and liabilities | 10/49 | €415,259 | €415,916 | +€657 | +0.2% |
| Equity | 10/15 | €390,782 | €406,212 | +€15,429 | +3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €92,279 | €107,704 | +€15,425 | +16.7% |
| Distributable reserves | 133 | €92,279 | €107,704 | +€15,425 | +16.7% |
| Profit (loss) carried forward | 14 | €279,911 | €279,916 | +€4 | 0.0% |
| Amounts payable | 17/49 | €24,477 | €9,704 | -€14,773 | -60.4% |
| Amounts payable within one year | 42/48 | €24,469 | €9,704 | -€14,765 | -60.3% |
| Financial debts | 43 | €1,626 | €6,214 | +€4,589 | +282.3% |
| Credit institutions | 430/8 | €1,626 | €6,214 | +€4,589 | +282.3% |
| Trade debts | 44 | - | €1,947 | +€1,947 | |
| Suppliers | 440/4 | - | €1,947 | +€1,947 | |
| Taxes, remuneration and social security | 45 | €4,843 | €1,543 | -€3,301 | -68.2% |
| Taxes | 450/3 | €4,843 | €1,543 | -€3,301 | -68.2% |
| Other amounts payable | 47/48 | €18,000 | - | -€18,000 | |
| Accrued charges and deferred income | 492/3 | €8 | - | -€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,721 | +€1,721 | |
| Other operating charges | 640/8 | €3,330 | €4,474 | +€1,143 | +34.3% |
| Gross operating margin | 9900 | €16,188 | €25,389 | +€9,201 | +56.8% |
| Operating profit (loss) | 9901 | €12,858 | €19,194 | +€6,336 | +49.3% |
| Financial income | 75/76B | €42,631 | €7,392 | -€35,239 | -82.7% |
| Recurring financial income | 75 | €42,631 | €7,392 | -€35,239 | -82.7% |
| Financial charges | 65/66B | €1,550 | €265 | -€1,285 | -82.9% |
| Recurring financial charges | 65 | €1,550 | €265 | -€1,285 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €53,939 | €26,321 | -€27,618 | -51.2% |
| Income taxes | 67/77 | €18,613 | €10,891 | -€7,722 | -41.5% |
| Profit (loss) for the period | 9904 | €35,325 | €15,429 | -€19,896 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,325 | €15,429 | -€19,896 | -56.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.