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
- Cash +€3,445
up €3,445 (+2.6%), from €133,534 to €136,978
mainly Other debts (+€41,337) and Net result for the year (+€2,023)
- Receivables within one year -€1,477
down €1,477 (-32.9%), from €4,492 to €3,016
of which Trade receivables: -€1,277
- Other debts +€41,337
up €41,337 (+2,042%), from €2,024 to €43,361
- Reserves -€39,557
down €39,557 (-42.3%), from €93,530 to €53,973
of which Distributable reserves: -€39,557
- Financial income +€155
up €155 (+24.9%), from €622 to €777
- Gross operating margin +€153
up €153 (+5.9%), from €2,599 to €2,751
- Taxes +€124
up €124 (+15.7%), from €790 to €914
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 | €138,776 | €139,994 | +€1,218 | +0.9% |
| Current assets | 29/58 | €138,776 | €139,994 | +€1,218 | +0.9% |
| Amounts receivable within one year | 40/41 | €4,492 | €3,016 | -€1,477 | -32.9% |
| Trade receivables | 40 | €4,171 | €2,894 | -€1,277 | -30.6% |
| Other amounts receivable | 41 | €321 | €122 | -€199 | -61.9% |
| Cash at bank and in hand | 54/58 | €133,534 | €136,978 | +€3,445 | +2.6% |
| Deferred charges and accrued income | 490/1 | €750 | - | -€750 | |
| Total equity and liabilities | 10/49 | €138,776 | €139,994 | +€1,218 | +0.9% |
| Equity | 10/15 | €136,752 | €96,585 | -€40,167 | -29.4% |
| Contributions | 10/11 | €42,532 | €42,532 | = | 0.0% |
| Reserves | 13 | €93,530 | €53,973 | -€39,557 | -42.3% |
| Non-distributable reserves | 130/1 | €4,873 | €4,873 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,873 | €4,873 | = | 0.0% |
| Distributable reserves | 133 | €88,657 | €49,100 | -€39,557 | -44.6% |
| Profit (loss) carried forward | 14 | €690 | €80 | -€610 | -88.4% |
| Amounts payable | 17/49 | €2,024 | €43,409 | +€41,385 | +2,044% |
| Amounts payable within one year | 42/48 | €2,024 | €43,409 | +€41,385 | +2,044% |
| Taxes, remuneration and social security | 45 | - | €48 | +€48 | |
| Taxes | 450/3 | - | €48 | +€48 | |
| Other amounts payable | 47/48 | €2,024 | €43,361 | +€41,337 | +2,042% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €2,599 | €2,751 | +€153 | +5.9% |
| Operating profit (loss) | 9901 | €2,071 | €2,208 | +€137 | +6.6% |
| Financial income | 75/76B | €622 | €777 | +€155 | +24.9% |
| Recurring financial income | 75 | €622 | €777 | +€155 | +24.9% |
| Financial charges | 65/66B | €43 | €48 | +€5 | +11.7% |
| Recurring financial charges | 65 | €43 | €48 | +€5 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €2,651 | €2,937 | +€286 | +10.8% |
| Income taxes | 67/77 | €790 | €914 | +€124 | +15.7% |
| Profit (loss) for the period | 9904 | €1,861 | €2,023 | +€162 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,861 | €2,023 | +€162 | +8.7% |
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 17 October 2026 via checked.be.