TANDARTS L. DENEEF: what changed
TANDARTS L. DENEEF
Largest movements
- Current investments +€59,259
up €59,259 (+120%), from €49,383 to €108,642
- Cash -€8,853
down €8,853 (-19.7%), from €44,936 to €36,083
mainly Current investments (-€59,259) and Deferred charges and accrued income (-€2,539)
- Receivables within one year -€5,163
down €5,163 (-73.3%), from €7,048 to €1,885
- Tangible fixed assets -€3,959
down €3,959 (-63.1%), from €6,275 to €2,316
of which Furniture and vehicles: -€3,759
- Deferred charges and accrued income +€2,539
up €2,539 (+17.6%), from €14,453 to €16,992
- Profit (loss) carried forward +€39,858
new in 2025: €39,858
- Other debts +€5,200
up €5,200 (+61.5%), from €8,458 to €13,658
- Gross operating margin -€3,612
down €3,612 (-5.9%), from €61,196 to €57,584
- Financial income +€2,047
new in 2025: €2,047
- Taxes -€698
down €698 (-5.9%), from €11,747 to €11,049
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 | €122,095 | €165,918 | +€43,823 | +35.9% |
| Fixed assets | 21/28 | €6,275 | €2,316 | -€3,959 | -63.1% |
| Tangible fixed assets | 22/27 | €6,275 | €2,316 | -€3,959 | -63.1% |
| Plant, machinery and equipment | 23 | €344 | €144 | -€200 | -58.1% |
| Furniture and vehicles | 24 | €5,931 | €2,172 | -€3,759 | -63.4% |
| Current assets | 29/58 | €115,820 | €163,602 | +€47,782 | +41.3% |
| Amounts receivable within one year | 40/41 | €7,048 | €1,885 | -€5,163 | -73.3% |
| Other amounts receivable | 41 | €7,048 | €1,885 | -€5,163 | -73.3% |
| Current investments | 50/53 | €49,383 | €108,642 | +€59,259 | +120% |
| Cash at bank and in hand | 54/58 | €44,936 | €36,083 | -€8,853 | -19.7% |
| Deferred charges and accrued income | 490/1 | €14,453 | €16,992 | +€2,539 | +17.6% |
| Total equity and liabilities | 10/49 | €122,095 | €165,918 | +€43,823 | +35.9% |
| Equity | 10/15 | €104,690 | €144,548 | +€39,858 | +38.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €102,690 | €102,690 | = | 0.0% |
| Distributable reserves | 133 | €102,690 | €102,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €39,858 | +€39,858 | |
| Amounts payable | 17/49 | €17,405 | €21,370 | +€3,965 | +22.8% |
| Amounts payable within one year | 42/48 | €15,951 | €20,494 | +€4,543 | +28.5% |
| Trade debts | 44 | €1,343 | €686 | -€657 | -48.9% |
| Suppliers | 440/4 | €1,343 | €686 | -€657 | -48.9% |
| Taxes, remuneration and social security | 45 | €6,150 | €6,150 | = | 0.0% |
| Taxes | 450/3 | €4,250 | €4,250 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €8,458 | €13,658 | +€5,200 | +61.5% |
| Accrued charges and deferred income | 492/3 | €1,454 | €876 | -€578 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,833 | €5,806 | -€27 | -0.5% |
| Other operating charges | 640/8 | €1,283 | €1,226 | -€57 | -4.5% |
| Gross operating margin | 9900 | €61,196 | €57,584 | -€3,612 | -5.9% |
| Operating profit (loss) | 9901 | €54,080 | €50,552 | -€3,528 | -6.5% |
| Financial income | 75/76B | - | €2,047 | +€2,047 | |
| Recurring financial income | 75 | - | €2,047 | +€2,047 | |
| Financial charges | 65/66B | €2,130 | €1,692 | -€439 | -20.6% |
| Recurring financial charges | 65 | €2,130 | €1,692 | -€439 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €51,950 | €50,907 | -€1,042 | -2.0% |
| Income taxes | 67/77 | €11,747 | €11,049 | -€698 | -5.9% |
| Profit (loss) for the period | 9904 | €40,203 | €39,858 | -€345 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,203 | €39,858 | -€345 | -0.9% |
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.