DE TANDEM: 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.
DE TANDEM
Largest movements
- Deferred charges and accrued income -€5,961
down €5,961 (-88.8%), from €6,711 to €750
- Receivables within one year +€5,625
up €5,625 (+81.0%), from €6,942 to €12,567
of which Trade receivables: +€5,638
- Cash +€5,088
up €5,088 (+5.7%), from €89,061 to €94,149
mainly Deferred charges and accrued income (+€5,961) and Depreciation (+€3,600)
- Tangible fixed assets -€3,600
down €3,600 (-27.3%), from €13,197 to €9,597
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€278
down €278 (-3.8%), from €7,256 to €6,977
- Other operating charges +€94
up €94 (+15.4%), from €615 to €710
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.
Derived cash bridge
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 | €115,910 | €117,062 | +€1,152 | +1.0% |
| Fixed assets | 21/28 | €13,197 | €9,597 | -€3,600 | -27.3% |
| Tangible fixed assets | 22/27 | €13,197 | €9,597 | -€3,600 | -27.3% |
| Furniture and vehicles | 24 | €13,197 | €9,597 | -€3,600 | -27.3% |
| Current assets | 29/58 | €102,713 | €107,466 | +€4,752 | +4.6% |
| Amounts receivable within one year | 40/41 | €6,942 | €12,567 | +€5,625 | +81.0% |
| Trade receivables | 40 | €2,538 | €8,176 | +€5,638 | +222% |
| Other amounts receivable | 41 | €4,405 | €4,391 | -€13 | -0.3% |
| Cash at bank and in hand | 54/58 | €89,061 | €94,149 | +€5,088 | +5.7% |
| Deferred charges and accrued income | 490/1 | €6,711 | €750 | -€5,961 | -88.8% |
| Total equity and liabilities | 10/49 | €115,910 | €117,062 | +€1,152 | +1.0% |
| Equity | 10/15 | €110,369 | €111,382 | +€1,014 | +0.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €90,369 | €91,382 | +€1,014 | +1.1% |
| Distributable reserves | 133 | €90,369 | €91,382 | +€1,014 | +1.1% |
| Amounts payable | 17/49 | €5,541 | €5,680 | +€138 | +2.5% |
| Amounts payable within one year | 42/48 | €5,541 | €5,680 | +€138 | +2.5% |
| Trade debts | 44 | €1,192 | €1,420 | +€228 | +19.2% |
| Suppliers | 440/4 | €1,192 | €1,420 | +€228 | +19.2% |
| Taxes, remuneration and social security | 45 | €3,699 | €3,609 | -€90 | -2.4% |
| Taxes | 450/3 | €1,921 | €1,922 | +€1 | 0.0% |
| Remuneration and social security | 454/9 | €1,778 | €1,687 | -€91 | -5.1% |
| Other amounts payable | 47/48 | €650 | €650 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,600 | €3,600 | = | 0.0% |
| Other operating charges | 640/8 | €615 | €710 | +€94 | +15.4% |
| Gross operating margin | 9900 | €7,256 | €6,977 | -€278 | -3.8% |
| Operating profit (loss) | 9901 | €3,040 | €2,668 | -€373 | -12.3% |
| Financial charges | 65/66B | €89 | €45 | -€43 | -49.1% |
| Recurring financial charges | 65 | €89 | €45 | -€43 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €2,952 | €2,623 | -€329 | -11.2% |
| Income taxes | 67/77 | €1,596 | €1,609 | +€13 | +0.8% |
| Profit (loss) for the period | 9904 | €1,356 | €1,014 | -€343 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,356 | €1,014 | -€343 | -25.3% |
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 14 October 2026 via checked.be.