TANDEND: 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.
TANDEND
Largest movements
- Current investments +€462,186
up €462,186 (+104.7%), from €441,349 to €903,535
- Cash -€155,459
down €155,459 (-35.6%), from €436,490 to €281,030
mainly Current investments (-€462,186) and Receivables after one year (-€65,000)
- Receivables after one year +€65,000
new in 2025: €65,000
- Reserves +€394,022
up €394,022 (+33.6%), from €1.2m to €1.6m
of which Distributable reserves: +€515,456
- Gross operating margin +€160,817
up €160,817 (+36.6%), from €439,432 to €600,250
- Taxes +€68,003
up €68,003 (+50.0%), from €135,967 to €203,970
- Financial income +€24,751
up €24,751 (+154.3%), from €16,039 to €40,790
of which Financial income: +€24,751
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 | €1,223,263 | €1,618,224 | +€394,961 | +32.3% |
| Fixed assets | 21/28 | €295,058 | €306,884 | +€11,825 | +4.0% |
| Tangible fixed assets | 22/27 | €45,058 | €56,884 | +€11,825 | +26.2% |
| Plant, machinery and equipment | 23 | €1,457 | €677 | -€780 | -53.5% |
| Furniture and vehicles | 24 | €43,601 | €56,206 | +€12,605 | +28.9% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €928,205 | €1,311,341 | +€383,136 | +41.3% |
| Amounts receivable after more than one year | 29 | - | €65,000 | +€65,000 | |
| Trade receivables | 290 | - | €65,000 | +€65,000 | |
| Amounts receivable within one year | 40/41 | €300 | €0 | -€300 | -100.0% |
| Trade receivables | 40 | €300 | €0 | -€300 | -100.0% |
| Current investments | 50/53 | €441,349 | €903,535 | +€462,186 | +104.7% |
| Cash at bank and in hand | 54/58 | €436,490 | €281,030 | -€155,459 | -35.6% |
| Deferred charges and accrued income | 490/1 | €50,066 | €61,775 | +€11,709 | +23.4% |
| Total equity and liabilities | 10/49 | €1,223,263 | €1,618,224 | +€394,961 | +32.3% |
| Equity | 10/15 | €1,182,169 | €1,574,336 | +€392,167 | +33.2% |
| Contributions | 10/11 | €8,055 | €6,200 | -€1,855 | -23.0% |
| Reserves | 13 | €1,174,114 | €1,568,136 | +€394,022 | +33.6% |
| Tax-exempt reserves | 132 | €134,720 | €13,286 | -€121,434 | -90.1% |
| Distributable reserves | 133 | €1,039,394 | €1,554,850 | +€515,456 | +49.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,094 | €43,888 | +€2,794 | +6.8% |
| Amounts payable within one year | 42/48 | €41,094 | €43,888 | +€2,794 | +6.8% |
| Trade debts | 44 | €956 | €1,651 | +€695 | +72.7% |
| Suppliers | 440/4 | €956 | €1,651 | +€695 | +72.7% |
| Taxes, remuneration and social security | 45 | €34,483 | €39,733 | +€5,250 | +15.2% |
| Taxes | 450/3 | €31,733 | €39,733 | +€8,000 | +25.2% |
| Remuneration and social security | 454/9 | €2,750 | €0 | -€2,750 | -100.0% |
| Other amounts payable | 47/48 | €5,655 | €2,505 | -€3,151 | -55.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €837 | €723 | -€114 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,504 | €16,253 | +€1,749 | +12.1% |
| Other operating charges | 640/8 | €747 | €873 | +€126 | +16.9% |
| Gross operating margin | 9900 | €439,432 | €600,250 | +€160,817 | +36.6% |
| Operating profit (loss) | 9901 | €423,344 | €582,400 | +€159,056 | +37.6% |
| Financial income | 75/76B | €16,039 | €40,790 | +€24,751 | +154.3% |
| Recurring financial income | 75 | €16,039 | €40,790 | +€24,751 | +154.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,303 | €2,134 | +€830 | +63.7% |
| Recurring financial charges | 65 | €1,303 | €2,134 | +€830 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | €438,080 | €621,056 | +€182,977 | +41.8% |
| Income taxes | 67/77 | €135,967 | €203,970 | +€68,003 | +50.0% |
| Profit (loss) for the period | 9904 | €302,112 | €417,086 | +€114,974 | +38.1% |
| Transfer from tax-exempt reserves | 789 | - | €121,434 | +€121,434 | |
| Profit (loss) for the period to be appropriated | 9905 | €302,112 | €538,520 | +€236,408 | +78.3% |
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 4 October 2026 via checked.be.