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 +€5,839
up €5,839 (+419.9%), from €1,390 to €7,229
of which Trade receivables: +€3,975
- Tangible fixed assets -€5,770
down €5,770 (-60.6%), from €9,523 to €3,753
of which Furniture and vehicles: -€5,871
- Cash +€378
up €378 (+6.9%), from €5,483 to €5,862
mainly Depreciation (+€6,700) and Net result for the year (+€6,070)
- Reserves +€6,000
new in 2025: €6,000
- Debts after one year -€4,066
down €4,066 (-65.8%), from €6,176 to €2,110
- Other debts -€3,220
down €3,220 (-67.4%), from €4,779 to €1,559
- Current portion of long-term debt +€1,250
up €1,250 (+35.0%), from €3,569 to €4,820
- Tax, wage and social debts +€497
up €497 (+482.5%), from €103 to €600
- Gross operating margin +€7,968
up €7,968 (+129.4%), from €6,160 to €14,128
- Taxes +€600
up €600 (+5999900.0%), from €0 to €600
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 | €16,432 | €17,016 | +€584 | +3.6% |
| Fixed assets | 21/28 | €9,523 | €3,753 | -€5,770 | -60.6% |
| Tangible fixed assets | 22/27 | €9,523 | €3,753 | -€5,770 | -60.6% |
| Plant, machinery and equipment | 23 | €1,425 | €1,527 | +€102 | +7.2% |
| Furniture and vehicles | 24 | €8,098 | €2,227 | -€5,871 | -72.5% |
| Current assets | 29/58 | €6,909 | €13,263 | +€6,354 | +92.0% |
| Amounts receivable within one year | 40/41 | €1,390 | €7,229 | +€5,839 | +419.9% |
| Trade receivables | 40 | €1,200 | €5,175 | +€3,975 | +331.3% |
| Other amounts receivable | 41 | €190 | €2,054 | +€1,864 | +978.4% |
| Cash at bank and in hand | 54/58 | €5,483 | €5,862 | +€378 | +6.9% |
| Deferred charges and accrued income | 490/1 | €35 | €172 | +€137 | +386.3% |
| Total equity and liabilities | 10/49 | €16,432 | €17,016 | +€584 | +3.6% |
| Equity | 10/15 | €1,062 | €7,132 | +€6,070 | +571.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | - | €6,000 | +€6,000 | |
| Distributable reserves | 133 | - | €6,000 | +€6,000 | |
| Profit (loss) carried forward | 14 | -€5,138 | -€5,068 | +€70 | +1.4% |
| Amounts payable | 17/49 | €15,370 | €9,885 | -€5,485 | -35.7% |
| Amounts payable after more than one year | 17 | €6,176 | €2,110 | -€4,066 | -65.8% |
| Financial debts | 170/4 | €6,176 | €2,110 | -€4,066 | -65.8% |
| Amounts payable within one year | 42/48 | €9,194 | €7,775 | -€1,419 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €3,569 | €4,820 | +€1,250 | +35.0% |
| Trade debts | 44 | €743 | €796 | +€53 | +7.2% |
| Suppliers | 440/4 | €743 | €796 | +€53 | +7.2% |
| Taxes, remuneration and social security | 45 | €103 | €600 | +€497 | +482.5% |
| Taxes | 450/3 | €103 | €600 | +€497 | +482.5% |
| Other amounts payable | 47/48 | €4,779 | €1,559 | -€3,220 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,629 | €6,700 | +€71 | +1.1% |
| Other operating charges | 640/8 | €217 | €176 | -€41 | -19.0% |
| Gross operating margin | 9900 | €6,160 | €14,128 | +€7,968 | +129.4% |
| Operating profit (loss) | 9901 | -€687 | €7,252 | +€7,939 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +766.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +766.7% |
| Financial charges | 65/66B | €705 | €583 | -€122 | -17.4% |
| Recurring financial charges | 65 | €705 | €583 | -€122 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,392 | €6,670 | +€8,061 | |
| Income taxes | 67/77 | €0 | €600 | +€600 | +5999900.0% |
| Profit (loss) for the period | 9904 | -€1,392 | €6,070 | +€7,461 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,392 | €6,070 | +€7,461 |
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 9 October 2026 via checked.be.