TANDEM BE: 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 BE
Largest movements
- Receivables within one year -€7,047
down €7,047 (-14.8%), from €47,771 to €40,724
of which Trade receivables: -€3,580
- Tangible fixed assets -€5,066
down €5,066 (-9.5%), from €53,302 to €48,236
of which Furniture and vehicles: -€14,879
- Current investments +€4,129
up €4,129 (+2.6%), from €155,871 to €160,000
- Cash +€3,515
up €3,515 (+32.0%), from €10,988 to €14,503
mainly Depreciation (+€19,710) and Net result for the year (+€10,207)
- Reserves +€10,207
up €10,207 (+4.5%), from €225,456 to €235,663
- Trade debts -€6,595
down €6,595 (-35.9%), from €18,383 to €11,788
- Debts after one year -€3,846
no longer reported in 2025 (was €3,846)
- Tax, wage and social debts -€3,023
down €3,023 (-33.6%), from €8,989 to €5,966
- Purchases and services +€95,617
up €95,617 (+50.6%), from €188,926 to €284,543
- Turnover +€68,063
up €68,063 (+27.2%), from €249,796 to €317,859
- Gross operating margin -€25,279
down €25,279 (-39.5%), from €64,042 to €38,763
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 | €267,932 | €263,463 | -€4,469 | -1.7% |
| Fixed assets | 21/28 | €53,302 | €48,236 | -€5,066 | -9.5% |
| Tangible fixed assets | 22/27 | €53,302 | €48,236 | -€5,066 | -9.5% |
| Land and buildings | 22 | €16,569 | €21,467 | +€4,898 | +29.6% |
| Plant, machinery and equipment | 23 | €1,288 | €6,203 | +€4,915 | +382% |
| Furniture and vehicles | 24 | €35,445 | €20,566 | -€14,879 | -42.0% |
| Current assets | 29/58 | €214,630 | €215,227 | +€597 | +0.3% |
| Amounts receivable within one year | 40/41 | €47,771 | €40,724 | -€7,047 | -14.8% |
| Trade receivables | 40 | €30,207 | €26,627 | -€3,580 | -11.9% |
| Other amounts receivable | 41 | €17,564 | €14,097 | -€3,467 | -19.7% |
| Current investments | 50/53 | €155,871 | €160,000 | +€4,129 | +2.6% |
| Cash at bank and in hand | 54/58 | €10,988 | €14,503 | +€3,515 | +32.0% |
| Total equity and liabilities | 10/49 | €267,932 | €263,463 | -€4,469 | -1.7% |
| Equity | 10/15 | €231,656 | €241,863 | +€10,207 | +4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €225,456 | €235,663 | +€10,207 | +4.5% |
| Distributable reserves | 133 | €225,456 | €235,663 | +€10,207 | +4.5% |
| Amounts payable | 17/49 | €36,276 | €21,600 | -€14,676 | -40.5% |
| Amounts payable after more than one year | 17 | €3,846 | - | -€3,846 | |
| Financial debts | 170/4 | €3,846 | - | -€3,846 | |
| Amounts payable within one year | 42/48 | €32,430 | €21,600 | -€10,830 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €5,058 | €3,846 | -€1,212 | -24.0% |
| Trade debts | 44 | €18,383 | €11,788 | -€6,595 | -35.9% |
| Suppliers | 440/4 | €18,383 | €11,788 | -€6,595 | -35.9% |
| Taxes, remuneration and social security | 45 | €8,989 | €5,966 | -€3,023 | -33.6% |
| Taxes | 450/3 | €8,989 | €5,966 | -€3,023 | -33.6% |
| Turnover | 70 | €249,796 | €317,859 | +€68,063 | +27.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €188,926 | €284,543 | +€95,617 | +50.6% |
| Remuneration, social security and pensions | 62 | €612 | €114 | -€498 | -81.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,437 | €19,710 | -€1,727 | -8.1% |
| Other operating charges | 640/8 | €4,099 | €1,546 | -€2,553 | -62.3% |
| Gross operating margin | 9900 | €64,042 | €38,763 | -€25,279 | -39.5% |
| Operating profit (loss) | 9901 | €37,894 | €17,393 | -€20,501 | -54.1% |
| Financial income | 75/76B | €465 | €915 | +€450 | +96.8% |
| Recurring financial income | 75 | €465 | €915 | +€450 | +96.8% |
| Financial charges | 65/66B | €313 | €219 | -€94 | -30.0% |
| Recurring financial charges | 65 | €313 | €219 | -€94 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €38,046 | €18,089 | -€19,957 | -52.5% |
| Income taxes | 67/77 | €9,406 | €7,882 | -€1,524 | -16.2% |
| Profit (loss) for the period | 9904 | €28,640 | €10,207 | -€18,433 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,640 | €10,207 | -€18,433 | -64.4% |
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 20 October 2026 via checked.be.