TAND-ED: 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.
TAND-ED
Largest movements
- Current investments +€118,000
new in 2025: €118,000
- Reserves +€164,900
up €164,900 (+162.5%), from €101,500 to €266,400
- Profit (loss) carried forward -€57,000
down €57,000 (-99.7%), from €57,156 to €156
- Other debts +€5,915
up €5,915 (+81.0%), from €7,306 to €13,221
- Gross operating margin +€9,520
up €9,520 (+7.4%), from €129,516 to €139,036
- Taxes +€3,118
up €3,118 (+11.4%), from €27,347 to €30,466
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 | €196,363 | €313,133 | +€116,770 | +59.5% |
| Fixed assets | 21/28 | €816 | €363 | -€453 | -55.5% |
| Tangible fixed assets | 22/27 | €816 | €363 | -€453 | -55.5% |
| Plant, machinery and equipment | 23 | €816 | €363 | -€453 | -55.5% |
| Current assets | 29/58 | €195,547 | €312,770 | +€117,223 | +59.9% |
| Amounts receivable within one year | 40/41 | - | €66 | +€66 | |
| Other amounts receivable | 41 | - | €66 | +€66 | |
| Current investments | 50/53 | - | €118,000 | +€118,000 | |
| Cash at bank and in hand | 54/58 | €188,796 | €187,553 | -€1,243 | -0.7% |
| Deferred charges and accrued income | 490/1 | €6,751 | €7,152 | +€400 | +5.9% |
| Total equity and liabilities | 10/49 | €196,363 | €313,133 | +€116,770 | +59.5% |
| Equity | 10/15 | €161,656 | €269,556 | +€107,900 | +66.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €101,500 | €266,400 | +€164,900 | +162.5% |
| Distributable reserves | 133 | €101,500 | €266,400 | +€164,900 | +162.5% |
| Profit (loss) carried forward | 14 | €57,156 | €156 | -€57,000 | -99.7% |
| Amounts payable | 17/49 | €34,707 | €43,577 | +€8,870 | +25.6% |
| Amounts payable within one year | 42/48 | €34,707 | €43,577 | +€8,870 | +25.6% |
| Trade debts | 44 | €54 | €54 | +€0 | +0.7% |
| Suppliers | 440/4 | €54 | €54 | +€0 | +0.7% |
| Taxes, remuneration and social security | 45 | €27,347 | €30,302 | +€2,954 | +10.8% |
| Taxes | 450/3 | €27,347 | €30,302 | +€2,954 | +10.8% |
| Other amounts payable | 47/48 | €7,306 | €13,221 | +€5,915 | +81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €453 | €453 | = | 0.0% |
| Other operating charges | 640/8 | €62 | €66 | +€4 | +6.0% |
| Gross operating margin | 9900 | €129,516 | €139,036 | +€9,520 | +7.4% |
| Operating profit (loss) | 9901 | €129,001 | €138,517 | +€9,516 | +7.4% |
| Financial income | 75/76B | - | €390 | +€390 | |
| Recurring financial income | 75 | - | €390 | +€390 | |
| Financial charges | 65/66B | €151 | €542 | +€391 | +259.4% |
| Recurring financial charges | 65 | €151 | €542 | +€391 | +259.4% |
| Profit (loss) for the period before taxes | 9903 | €128,850 | €138,366 | +€9,515 | +7.4% |
| Income taxes | 67/77 | €27,347 | €30,466 | +€3,118 | +11.4% |
| Profit (loss) for the period | 9904 | €101,503 | €107,900 | +€6,397 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,503 | €107,900 | +€6,397 | +6.3% |
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 11 October 2026 via checked.be.