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.
What changed
Tandem
NACE 88.993, Social work activities without accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€148,672
2024 · -€125,793+€274,464
Equity
€1.9m
2024 · €1.8m+€91,837
Cash
€450,415
2024 · €233,279+€217,137
Balance sheet total
€3.5m
2024 · €3.9m-€411,303
Largest movements
Assets
- Tangible fixed assets -€641,082
down €641,082 (-25.1%), from €2.6m to €1.9m
of which Land and buildings: -€658,426
- Cash +€217,137
up €217,137 (+93.1%), from €233,279 to €450,415
mainly Investment in fixed assets (net) (+€416,806) and Depreciation (+€218,898)
- Receivables after one year -€39,813
down €39,813 (-4.1%), from €968,818 to €929,006
Equity and liabilities
- Debts after one year -€494,486
down €494,486 (-38.1%), from €1.3m to €802,219
- Profit (loss) carried forward +€133,966
up €133,966, from -€133,966 to €0
- Investment grants -€56,834
down €56,834 (-8.1%), from €702,630 to €645,795
Income statement
- Services and other goods +€101,120
up €101,120 (+41.7%), from €242,389 to €343,508
- Turnover +€81,249
up €81,249 (+15.1%), from €537,787 to €619,036
- Staff costs +€76,984
up €76,984 (+2.1%), from €3.6m to €3.7m
- Goods and materials +€19,435
up €19,435 (+7.2%), from €269,127 to €288,562
- Other operating charges +€14,973
up €14,973 (+20.8%), from €71,868 to €86,841
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.
Result 2024
-€125,793
Turnover
+€81,249
Other operating income
+€13
Goods and materials
-€19,435
Services and other goods
-€101,120
Staff costs
-€76,984
Depreciation
-€522
Write-downs
-€2,134
Other operating charges
-€14,973
Other operating items
+€408,017
Financial income
-€899
Financial charges
+€1,252
Result 2025
€148,672
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€351,650
Investment
+€416,806
Financing
-€551,320
Cash 2024
€233,279
From operations (derived)
+€351,650
Net result for the year
+€148,672
Depreciation
+€218,898
Receivables after one year
+€39,813
Receivables within one year
-€34,112
Deferred charges and accrued income
-€12,966
Debts within one year
-€1,221
Accrued charges and deferred income
-€7,433
Investment (derived)
+€416,806
Investment in fixed assets (net)
+€416,806
Financing
-€551,320
Debts after one year
-€494,486
Contributions, distributions and other
-€56,834
Cash 2025
€450,415
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,930,843 | €3,519,540 | -€411,303 | -10.5% |
| Fixed assets | 21/28 | €2,557,270 | €1,921,565 | -€635,705 | -24.9% |
| Intangible fixed assets | 21 | €0 | €5,378 | +€5,378 | |
| Tangible fixed assets | 22/27 | €2,557,270 | €1,916,187 | -€641,082 | -25.1% |
| Land and buildings | 22 | €2,364,552 | €1,706,126 | -€658,426 | -27.8% |
| Plant, machinery and equipment | 23 | €82,298 | €90,026 | +€7,728 | +9.4% |
| Furniture and vehicles | 24 | €108,424 | €118,139 | +€9,716 | +9.0% |
| Assets under construction and advance payments | 27 | €1,997 | €1,897 | -€100 | -5.0% |
| Current assets | 29/58 | €1,373,573 | €1,597,975 | +€224,402 | +16.3% |
| Amounts receivable after more than one year | 29 | €968,818 | €929,006 | -€39,813 | -4.1% |
| Other amounts receivable | 291 | €968,818 | €929,006 | -€39,813 | -4.1% |
| Amounts receivable within one year | 40/41 | €104,538 | €138,649 | +€34,112 | +32.6% |
| Trade receivables | 40 | €52,867 | €60,251 | +€7,383 | +14.0% |
| Other amounts receivable | 41 | €51,670 | €78,399 | +€26,729 | +51.7% |
| Cash at bank and in hand | 54/58 | €233,279 | €450,415 | +€217,137 | +93.1% |
| Deferred charges and accrued income | 490/1 | €66,939 | €79,904 | +€12,966 | +19.4% |
| Total equity and liabilities | 10/49 | €3,930,843 | €3,519,540 | -€411,303 | -10.5% |
| Equity | 10/15 | €1,762,426 | €1,854,263 | +€91,837 | +5.2% |
| Contributions | 10/11 | €199,836 | €199,836 | = | 0.0% |
| Capital | 10 | €199,836 | €199,836 | = | 0.0% |
| Reserves | 13 | €993,926 | €1,008,632 | +€14,705 | +1.5% |
| Profit (loss) carried forward | 14 | -€133,966 | €0 | +€133,966 | |
| Investment grants | 15 | €702,630 | €645,795 | -€56,834 | -8.1% |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,168,417 | €1,665,276 | -€503,140 | -23.2% |
| Amounts payable after more than one year | 17 | €1,296,704 | €802,219 | -€494,486 | -38.1% |
| Financial debts | 170/4 | €1,296,704 | €802,219 | -€494,486 | -38.1% |
| Credit institutions | 173 | €1,101,704 | €802,219 | -€299,486 | -27.2% |
| Other loans | 174 | €195,000 | €0 | -€195,000 | -100% |
| Amounts payable within one year | 42/48 | €864,237 | €863,016 | -€1,221 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €95,476 | €84,521 | -€10,955 | -11.5% |
| Trade debts | 44 | €128,752 | €79,355 | -€49,397 | -38.4% |
| Suppliers | 440/4 | €128,752 | €79,355 | -€49,397 | -38.4% |
| Taxes, remuneration and social security | 45 | €620,866 | €634,906 | +€14,040 | +2.3% |
| Taxes | 450/3 | €79,942 | €84,635 | +€4,692 | +5.9% |
| Remuneration and social security | 454/9 | €540,923 | €550,271 | +€9,348 | +1.7% |
| Accrued charges and deferred income | 492/3 | €7,475 | €42 | -€7,433 | -99.4% |
| Operating income | 70/76A | €4,169,353 | €4,839,880 | +€670,527 | +16.1% |
| Turnover | 70 | €537,787 | €619,036 | +€81,249 | +15.1% |
| Membership fees, donations, legacies and grants | 73 | €3,501,070 | €3,813,803 | +€312,733 | +8.9% |
| Other operating income | 74 | €119,646 | €119,660 | +€13 | 0.0% |
| Non-recurring operating income | 76A | €10,850 | €287,381 | +€276,531 | +2,549% |
| Operating charges | 60/66A | €4,253,731 | €4,650,146 | +€396,415 | +9.3% |
| Goods for resale, raw materials and consumables | 60 | €269,127 | €288,562 | +€19,435 | +7.2% |
| Purchases | 600/8 | €269,127 | €288,562 | +€19,435 | +7.2% |
| Services and other goods | 61 | €242,389 | €343,508 | +€101,120 | +41.7% |
| Remuneration, social security and pensions | 62 | €3,635,352 | €3,712,337 | +€76,984 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,376 | €218,898 | +€522 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,134 | €0 | +€2,134 | |
| Other operating charges | 640/8 | €71,868 | €86,841 | +€14,973 | +20.8% |
| Operating profit (loss) | 9901 | -€84,377 | €189,734 | +€274,112 | |
| Financial income | 75/76B | €984 | €85 | -€899 | -91.4% |
| Recurring financial income | 75 | €984 | €85 | -€899 | -91.4% |
| Income from current assets | 751 | €889 | €85 | -€804 | -90.4% |
| Other financial income | 752/9 | €94 | €0 | -€94 | -100% |
| Financial charges | 65/66B | €42,400 | €41,148 | -€1,252 | -3.0% |
| Recurring financial charges | 65 | €42,400 | €41,148 | -€1,252 | -3.0% |
| Debt charges | 650 | €41,527 | €39,955 | -€1,572 | -3.8% |
| Other financial charges | 652/9 | €873 | €1,193 | +€320 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | -€125,793 | €148,672 | +€274,464 | |
| Profit (loss) for the period | 9904 | -€125,793 | €148,672 | +€274,464 | |
| Profit (loss) for the period to be appropriated | 9905 | -€125,793 | €148,672 | +€274,464 |
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.