TANDENSS: 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.
TANDENSS
Largest movements
- Tangible fixed assets -€19,984
down €19,984 (-28.4%), from €70,437 to €50,454
of which Plant, machinery and equipment: -€13,547
- Intangible fixed assets -€15,333
down €15,333 (-7.6%), from €201,875 to €186,542
- Cash -€8,814
down €8,814 (-42.7%), from €20,636 to €11,822
mainly Debts after one year (-€23,612) and Other debts (-€17,431)
- Deferred charges and accrued income +€4,212
up €4,212 (+703%), from €599 to €4,812
- Debts after one year -€23,612
down €23,612 (-20.1%), from €117,536 to €93,924
- Other debts -€17,431
down €17,431 (-10.9%), from €159,887 to €142,456
- Gross operating margin +€20,150
up €20,150 (+91.8%), from €21,945 to €42,095
- Depreciation +€9,917
up €9,917 (+39.0%), from €25,400 to €35,317
- Financial charges +€1,151
up €1,151 (+23.3%), from €4,930 to €6,081
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 | €294,557 | €253,962 | -€40,595 | -13.8% |
| Fixed assets | 21/28 | €272,312 | €236,995 | -€35,317 | -13.0% |
| Intangible fixed assets | 21 | €201,875 | €186,542 | -€15,333 | -7.6% |
| Tangible fixed assets | 22/27 | €70,437 | €50,454 | -€19,984 | -28.4% |
| Plant, machinery and equipment | 23 | €61,765 | €48,218 | -€13,547 | -21.9% |
| Furniture and vehicles | 24 | €8,672 | €2,235 | -€6,437 | -74.2% |
| Current assets | 29/58 | €22,245 | €16,967 | -€5,278 | -23.7% |
| Amounts receivable within one year | 40/41 | €1,009 | €333 | -€677 | -67.0% |
| Trade receivables | 40 | €1,009 | €333 | -€677 | -67.0% |
| Cash at bank and in hand | 54/58 | €20,636 | €11,822 | -€8,814 | -42.7% |
| Deferred charges and accrued income | 490/1 | €599 | €4,812 | +€4,212 | +703% |
| Total equity and liabilities | 10/49 | €294,557 | €253,962 | -€40,595 | -13.8% |
| Equity | 10/15 | -€8,995 | -€9,925 | -€930 | -10.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,995 | -€13,925 | -€930 | -7.2% |
| Amounts payable | 17/49 | €303,552 | €263,887 | -€39,665 | -13.1% |
| Amounts payable after more than one year | 17 | €117,536 | €93,924 | -€23,612 | -20.1% |
| Financial debts | 170/4 | €117,536 | €93,924 | -€23,612 | -20.1% |
| Amounts payable within one year | 42/48 | €186,016 | €169,817 | -€16,198 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €24,368 | €24,503 | +€135 | +0.6% |
| Trade debts | 44 | €1,077 | €2,558 | +€1,481 | +138% |
| Suppliers | 440/4 | €1,077 | €2,558 | +€1,481 | +138% |
| Taxes, remuneration and social security | 45 | €685 | €301 | -€384 | -56.1% |
| Taxes | 450/3 | €685 | €301 | -€384 | -56.1% |
| Other amounts payable | 47/48 | €159,887 | €142,456 | -€17,431 | -10.9% |
| Accrued charges and deferred income | 492/3 | - | €145 | +€145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,400 | €35,317 | +€9,917 | +39.0% |
| Other operating charges | 640/8 | €1,291 | €1,326 | +€35 | +2.7% |
| Gross operating margin | 9900 | €21,945 | €42,095 | +€20,150 | +91.8% |
| Operating profit (loss) | 9901 | -€4,746 | €5,452 | +€10,198 | |
| Financial income | 75/76B | €272 | - | -€272 | |
| Recurring financial income | 75 | €272 | - | -€272 | |
| Financial charges | 65/66B | €4,930 | €6,081 | +€1,151 | +23.3% |
| Recurring financial charges | 65 | €4,930 | €6,081 | +€1,151 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,404 | -€629 | +€8,774 | +93.3% |
| Income taxes | 67/77 | €118 | €301 | +€183 | +156% |
| Profit (loss) for the period | 9904 | -€9,521 | -€930 | +€8,591 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,521 | -€930 | +€8,591 | +90.2% |
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 30 October 2026 via checked.be.