TANDEM: what changed
Two fiscal 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
- Tangible fixed assets -€40,401
down €40,401 (-6.4%), from €633,467 to €593,066
of which Land and buildings: -€26,946
- Profit (loss) carried forward -€37,288
down €37,288 (-12.4%), from -€299,643 to -€336,931
- Debts after one year -€14,104
down €14,104 (-24.4%), from €57,689 to €43,585
- Other debts +€13,393
up €13,393 (+1.7%), from €772,948 to €786,341
- Trade debts -€8,408
down €8,408 (-34.0%), from €24,716 to €16,308
- Gross operating margin -€7,298
down €7,298 (-30.7%), from €23,808 to €16,510
- Depreciation -€2,479
down €2,479 (-5.8%), from €42,880 to €40,401
- Financial charges -€317
down €317 (-9.7%), from €3,255 to €2,939
- Other operating charges +€290
up €290 (+2.9%), from €10,017 to €10,306
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 | €646,333 | €599,933 | -€46,400 | -7.2% |
| Fixed assets | 21/28 | €635,108 | €594,707 | -€40,401 | -6.4% |
| Tangible fixed assets | 22/27 | €633,467 | €593,066 | -€40,401 | -6.4% |
| Land and buildings | 22 | €580,211 | €553,264 | -€26,946 | -4.6% |
| Furniture and vehicles | 24 | €601 | - | -€601 | |
| Other tangible fixed assets | 26 | €52,655 | €39,802 | -€12,853 | -24.4% |
| Financial fixed assets | 28 | €1,642 | €1,642 | = | 0.0% |
| Current assets | 29/58 | €11,224 | €5,226 | -€5,999 | -53.4% |
| Amounts receivable within one year | 40/41 | €8,145 | €3,857 | -€4,288 | -52.6% |
| Trade receivables | 40 | €4,160 | €2,352 | -€1,809 | -43.5% |
| Other amounts receivable | 41 | €3,984 | €1,505 | -€2,479 | -62.2% |
| Cash at bank and in hand | 54/58 | €3,080 | €1,369 | -€1,711 | -55.6% |
| Total equity and liabilities | 10/49 | €646,333 | €599,933 | -€46,400 | -7.2% |
| Equity | 10/15 | -€209,456 | -€246,744 | -€37,288 | -17.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €28,187 | €28,187 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €21,987 | €21,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€299,643 | -€336,931 | -€37,288 | -12.4% |
| Amounts payable | 17/49 | €855,789 | €846,677 | -€9,112 | -1.1% |
| Amounts payable after more than one year | 17 | €57,689 | €43,585 | -€14,104 | -24.4% |
| Financial debts | 170/4 | €57,689 | €43,585 | -€14,104 | -24.4% |
| Amounts payable within one year | 42/48 | €798,100 | €803,092 | +€4,992 | +0.6% |
| Trade debts | 44 | €24,716 | €16,308 | -€8,408 | -34.0% |
| Suppliers | 440/4 | €24,716 | €16,308 | -€8,408 | -34.0% |
| Taxes, remuneration and social security | 45 | €436 | €443 | +€7 | +1.7% |
| Taxes | 450/3 | €436 | €443 | +€7 | +1.7% |
| Other amounts payable | 47/48 | €772,948 | €786,341 | +€13,393 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,880 | €40,401 | -€2,479 | -5.8% |
| Other operating charges | 640/8 | €10,017 | €10,306 | +€290 | +2.9% |
| Gross operating margin | 9900 | €23,808 | €16,510 | -€7,298 | -30.7% |
| Operating profit (loss) | 9901 | -€29,088 | -€34,198 | -€5,109 | -17.6% |
| Financial income | 75/76B | €96 | €21 | -€74 | -78.0% |
| Recurring financial income | 75 | €96 | €21 | -€74 | -78.0% |
| Financial charges | 65/66B | €3,255 | €2,939 | -€317 | -9.7% |
| Recurring financial charges | 65 | €3,255 | €2,939 | -€317 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,248 | -€37,115 | -€4,867 | -15.1% |
| Income taxes | 67/77 | €134 | €172 | +€38 | +28.6% |
| Profit (loss) for the period | 9904 | -€32,382 | -€37,288 | -€4,905 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,382 | -€37,288 | -€4,905 | -15.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.