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.
Tandem
Largest movements
- Receivables within one year -€11,601
down €11,601 (-86.7%), from €13,377 to €1,777
of which Trade receivables: -€11,376
- Cash +€4,777
up €4,777 (+2.8%), from €169,061 to €173,838
mainly Provisions (+€84,834) and Receivables within one year (+€11,601)
- Profit (loss) carried forward -€93,167
down €93,167 (-59.4%), from €156,718 to €63,551
- Provisions +€84,834
new in 2025: €84,834
- Tax, wage and social debts -€2,422
down €2,422 (-11.8%), from €20,443 to €18,021
of which Remuneration and social security: -€2,426
- Trade debts +€2,051
up €2,051 (+62.9%), from €3,261 to €5,312
- Gross operating margin -€106,219
down €106,219 (-38.7%), from €274,206 to €167,987
- Staff costs -€35,546
down €35,546 (-16.9%), from €210,117 to €174,570
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 | €195,642 | €186,923 | -€8,719 | -4.5% |
| Fixed assets | 21/28 | €2,166 | €1,003 | -€1,162 | -53.7% |
| Tangible fixed assets | 22/27 | €1,576 | €414 | -€1,162 | -73.7% |
| Furniture and vehicles | 24 | €1,576 | €414 | -€1,162 | -73.7% |
| Financial fixed assets | 28 | €590 | €590 | = | 0.0% |
| Current assets | 29/58 | €193,476 | €185,920 | -€7,557 | -3.9% |
| Stocks and contracts in progress | 3 | €3,892 | €3,332 | -€560 | -14.4% |
| Stocks | 30/36 | €3,892 | €3,332 | -€560 | -14.4% |
| Amounts receivable within one year | 40/41 | €13,377 | €1,777 | -€11,601 | -86.7% |
| Trade receivables | 40 | €13,152 | €1,777 | -€11,376 | -86.5% |
| Other amounts receivable | 41 | €225 | - | -€225 | |
| Cash at bank and in hand | 54/58 | €169,061 | €173,838 | +€4,777 | +2.8% |
| Deferred charges and accrued income | 490/1 | €7,145 | €6,973 | -€173 | -2.4% |
| Total equity and liabilities | 10/49 | €195,642 | €186,923 | -€8,719 | -4.5% |
| Equity | 10/15 | €156,718 | €63,551 | -€93,167 | -59.4% |
| Profit (loss) carried forward | 14 | €156,718 | €63,551 | -€93,167 | -59.4% |
| Provisions and deferred taxes | 16 | - | €84,834 | +€84,834 | |
| Provisions for liabilities and charges | 160/5 | - | €84,834 | +€84,834 | |
| Other liabilities and charges | 164/5 | - | €84,834 | +€84,834 | |
| Amounts payable | 17/49 | €38,924 | €38,538 | -€386 | -1.0% |
| Amounts payable within one year | 42/48 | €23,924 | €23,538 | -€386 | -1.6% |
| Financial debts | 43 | €220 | €204 | -€15 | -7.0% |
| Credit institutions | 430/8 | €220 | €204 | -€15 | -7.0% |
| Trade debts | 44 | €3,261 | €5,312 | +€2,051 | +62.9% |
| Suppliers | 440/4 | €3,261 | €5,312 | +€2,051 | +62.9% |
| Taxes, remuneration and social security | 45 | €20,443 | €18,021 | -€2,422 | -11.8% |
| Taxes | 450/3 | €1,027 | €1,031 | +€5 | +0.4% |
| Remuneration and social security | 454/9 | €19,416 | €16,990 | -€2,426 | -12.5% |
| Accrued charges and deferred income | 492/3 | €15,000 | €15,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €210,117 | €174,570 | -€35,546 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,576 | €1,767 | +€191 | +12.1% |
| Other operating charges | 640/8 | €375 | €875 | +€500 | +133% |
| Gross operating margin | 9900 | €274,206 | €167,987 | -€106,219 | -38.7% |
| Operating profit (loss) | 9901 | €62,138 | -€94,060 | -€156,199 | |
| Financial income | 75/76B | €816 | €1,426 | +€610 | +74.8% |
| Recurring financial income | 75 | €816 | €1,426 | +€610 | +74.8% |
| Financial charges | 65/66B | €161 | €532 | +€371 | +230% |
| Recurring financial charges | 65 | €161 | €532 | +€371 | +230% |
| Profit (loss) for the period before taxes | 9903 | €62,793 | -€93,167 | -€155,959 | |
| Profit (loss) for the period | 9904 | €62,793 | -€93,167 | -€155,959 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,793 | -€93,167 | -€155,959 |
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.