TENDA CONSTRUCT: what changed
TENDA CONSTRUCT
Largest movements
- Receivables within one year +€76,761
up €76,761 (+59.4%), from €129,190 to €205,951
of which Trade receivables: +€72,500
- Cash -€31,132
no longer reported in 2025 (was €31,132)
mainly Receivables within one year (-€76,761) and Contributions, distributions and other (-€25,714)
- Tangible fixed assets -€11,096
down €11,096 (-29.2%), from €38,017 to €26,920
of which Furniture and vehicles: -€12,120
- Profit (loss) carried forward +€32,792
new in 2025: €32,792
- Other debts +€14,420
up €14,420 (+128%), from €11,295 to €25,714
- Tax, wage and social debts +€13,833
up €13,833 (+162%), from €8,520 to €22,353
- Debts after one year -€12,258
down €12,258 (-43.6%), from €28,096 to €15,838
- Trade debts -€10,160
down €10,160 (-10.7%), from €95,205 to €85,045
- Gross operating margin +€81,408
up €81,408 (+649%), from €12,551 to €93,959
- Taxes +€18,527
up €18,527 (+2,903%), from €638 to €19,165
- Other operating charges -€2,262
down €2,262 (-61.1%), from €3,705 to €1,442
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 | €199,759 | €234,297 | +€34,539 | +17.3% |
| Fixed assets | 21/28 | €38,017 | €26,920 | -€11,096 | -29.2% |
| Tangible fixed assets | 22/27 | €38,017 | €26,920 | -€11,096 | -29.2% |
| Plant, machinery and equipment | 23 | - | €1,023 | +€1,023 | |
| Furniture and vehicles | 24 | €38,017 | €25,897 | -€12,120 | -31.9% |
| Current assets | 29/58 | €161,742 | €207,377 | +€45,635 | +28.2% |
| Amounts receivable within one year | 40/41 | €129,190 | €205,951 | +€76,761 | +59.4% |
| Trade receivables | 40 | €114,891 | €187,391 | +€72,500 | +63.1% |
| Other amounts receivable | 41 | €14,299 | €18,560 | +€4,261 | +29.8% |
| Cash at bank and in hand | 54/58 | €31,132 | - | -€31,132 | |
| Deferred charges and accrued income | 490/1 | €1,420 | €1,426 | +€6 | +0.5% |
| Total equity and liabilities | 10/49 | €199,759 | €234,297 | +€34,539 | +17.3% |
| Equity | 10/15 | €37,350 | €70,142 | +€32,792 | +87.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €32,792 | +€32,792 | |
| Amounts payable | 17/49 | €162,409 | €164,155 | +€1,747 | +1.1% |
| Amounts payable after more than one year | 17 | €28,096 | €15,838 | -€12,258 | -43.6% |
| Financial debts | 170/4 | €28,096 | €15,838 | -€12,258 | -43.6% |
| Amounts payable within one year | 42/48 | €134,169 | €148,317 | +€14,148 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €19,150 | €12,258 | -€6,892 | -36.0% |
| Financial debts | 43 | - | €2,947 | +€2,947 | |
| Credit institutions | 430/8 | - | €2,947 | +€2,947 | |
| Trade debts | 44 | €95,205 | €85,045 | -€10,160 | -10.7% |
| Suppliers | 440/4 | €95,205 | €85,045 | -€10,160 | -10.7% |
| Taxes, remuneration and social security | 45 | €8,520 | €22,353 | +€13,833 | +162% |
| Taxes | 450/3 | €8,520 | €22,353 | +€13,833 | +162% |
| Other amounts payable | 47/48 | €11,295 | €25,714 | +€14,420 | +128% |
| Accrued charges and deferred income | 492/3 | €144 | - | -€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,008 | €12,200 | +€193 | +1.6% |
| Other operating charges | 640/8 | €3,705 | €1,442 | -€2,262 | -61.1% |
| Gross operating margin | 9900 | €12,551 | €93,959 | +€81,408 | +649% |
| Operating profit (loss) | 9901 | -€3,161 | €80,316 | +€83,477 | |
| Financial income | 75/76B | €53 | €868 | +€815 | +1,529% |
| Recurring financial income | 75 | €53 | €868 | +€815 | +1,529% |
| Financial charges | 65/66B | €3,142 | €3,513 | +€371 | +11.8% |
| Recurring financial charges | 65 | €3,142 | €3,513 | +€371 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,250 | €77,671 | +€83,921 | |
| Income taxes | 67/77 | €638 | €19,165 | +€18,527 | +2,903% |
| Profit (loss) for the period | 9904 | -€6,888 | €58,506 | +€65,394 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,888 | €58,506 | +€65,394 |
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.