Handelsonderneming van Tendeloo: 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.
Handelsonderneming van Tendeloo
Largest movements
- Stocks and contracts -€45,210
no longer reported in 2025 (was €45,210)
- Receivables within one year +€43,128
up €43,128 (+40.7%), from €106,049 to €149,177
of which Other amounts receivable: +€45,417
- Cash -€21,193
down €21,193 (-98.8%), from €21,450 to €257
mainly Other debts (-€55,636) and Receivables within one year (-€43,128)
- Other debts -€55,636
down €55,636 (-89.3%), from €62,337 to €6,700
- Reserves +€37,547
up €37,547 (+54.9%), from €68,404 to €105,951
of which Distributable reserves: +€37,547
- Trade debts -€7,197
down €7,197 (-38.5%), from €18,686 to €11,490
- Gross operating margin +€41,289
up €41,289 (+87.0%), from €47,438 to €88,728
- Write-downs +€13,163
up €13,163 (+32.9%), from €40,000 to €53,163
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 | €175,178 | €149,880 | -€25,297 | -14.4% |
| Fixed assets | 21/28 | €1,035 | €302 | -€733 | -70.8% |
| Tangible fixed assets | 22/27 | €1,035 | €302 | -€733 | -70.8% |
| Plant, machinery and equipment | 23 | €1,035 | €302 | -€733 | -70.8% |
| Current assets | 29/58 | €174,143 | €149,578 | -€24,565 | -14.1% |
| Stocks and contracts in progress | 3 | €45,210 | - | -€45,210 | |
| Stocks | 30/36 | €45,210 | - | -€45,210 | |
| Amounts receivable within one year | 40/41 | €106,049 | €149,177 | +€43,128 | +40.7% |
| Trade receivables | 40 | €24,474 | €22,185 | -€2,289 | -9.4% |
| Other amounts receivable | 41 | €81,575 | €126,992 | +€45,417 | +55.7% |
| Cash at bank and in hand | 54/58 | €21,450 | €257 | -€21,193 | -98.8% |
| Deferred charges and accrued income | 490/1 | €1,434 | €145 | -€1,290 | -89.9% |
| Total equity and liabilities | 10/49 | €175,178 | €149,880 | -€25,297 | -14.4% |
| Equity | 10/15 | €86,996 | €124,543 | +€37,547 | +43.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €68,404 | €105,951 | +€37,547 | +54.9% |
| Non-distributable reserves | 130/1 | €2,869 | €2,869 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,010 | €1,010 | = | 0.0% |
| Distributable reserves | 133 | €65,534 | €103,081 | +€37,547 | +57.3% |
| Amounts payable | 17/49 | €88,182 | €25,338 | -€62,844 | -71.3% |
| Amounts payable within one year | 42/48 | €88,182 | €25,338 | -€62,844 | -71.3% |
| Trade debts | 44 | €18,686 | €11,490 | -€7,197 | -38.5% |
| Suppliers | 440/4 | €18,686 | €11,490 | -€7,197 | -38.5% |
| Advances received on contracts in progress | 46 | €11 | - | -€11 | |
| Taxes, remuneration and social security | 45 | €7,148 | €7,148 | = | 0.0% |
| Taxes | 450/3 | €2,148 | €2,148 | = | 0.0% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €62,337 | €6,700 | -€55,636 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €586 | €370 | -€215 | -36.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,000 | €53,163 | +€13,163 | +32.9% |
| Other operating charges | 640/8 | €1,195 | €1,221 | +€26 | +2.2% |
| Non-recurring operating charges | 66A | - | €362 | +€362 | |
| Gross operating margin | 9900 | €47,438 | €88,728 | +€41,289 | +87.0% |
| Operating profit (loss) | 9901 | €5,658 | €33,612 | +€27,954 | +494% |
| Financial income | 75/76B | €4,664 | €4,705 | +€41 | +0.9% |
| Recurring financial income | 75 | €4,664 | €4,705 | +€41 | +0.9% |
| Financial charges | 65/66B | €918 | €770 | -€148 | -16.1% |
| Recurring financial charges | 65 | €918 | €770 | -€148 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €9,404 | €37,547 | +€28,143 | +299% |
| Profit (loss) for the period | 9904 | €9,404 | €37,547 | +€28,143 | +299% |
| Profit (loss) for the period to be appropriated | 9905 | €9,404 | €37,547 | +€28,143 | +299% |
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 24 October 2026 via checked.be.