TANDEVE: 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.
TANDEVE
Largest movements
- Cash +€298,974
up €298,974 (+131%), from €227,505 to €526,479
mainly Net result for the year (+€265,101) and Other debts (+€62,098)
- Tangible fixed assets -€28,049
down €28,049 (-44.1%), from €63,588 to €35,539
of which Plant, machinery and equipment: -€28,017
- Current investments -€14,028
down €14,028 (-2.0%), from €716,528 to €702,500
- Reserves +€190,967
up €190,967 (+19.8%), from €966,170 to €1.2m
- Other debts +€62,098
up €62,098 (+15,635%), from €397 to €62,495
- Financial income +€23,310
up €23,310 (+164%), from €14,247 to €37,558
- Gross operating margin -€19,648
down €19,648 (-4.9%), from €398,332 to €378,685
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 | €1,033,379 | €1,290,083 | +€256,704 | +24.8% |
| Fixed assets | 21/28 | €64,338 | €36,289 | -€28,049 | -43.6% |
| Tangible fixed assets | 22/27 | €63,588 | €35,539 | -€28,049 | -44.1% |
| Plant, machinery and equipment | 23 | €61,055 | €33,038 | -€28,017 | -45.9% |
| Furniture and vehicles | 24 | €2,534 | €2,501 | -€33 | -1.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €969,040 | €1,253,794 | +€284,753 | +29.4% |
| Stocks and contracts in progress | 3 | €22,390 | €24,814 | +€2,424 | +10.8% |
| Stocks | 30/36 | €22,390 | €24,814 | +€2,424 | +10.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €716,528 | €702,500 | -€14,028 | -2.0% |
| Cash at bank and in hand | 54/58 | €227,505 | €526,479 | +€298,974 | +131% |
| Deferred charges and accrued income | 490/1 | €2,617 | €0 | -€2,617 | -100% |
| Total equity and liabilities | 10/49 | €1,033,379 | €1,290,083 | +€256,704 | +24.8% |
| Equity | 10/15 | €984,770 | €1,175,738 | +€190,967 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €966,170 | €1,157,138 | +€190,967 | +19.8% |
| Distributable reserves | 133 | €966,170 | €1,157,138 | +€190,967 | +19.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,609 | €114,345 | +€65,737 | +135% |
| Amounts payable within one year | 42/48 | €48,609 | €114,345 | +€65,737 | +135% |
| Trade debts | 44 | €1,405 | €4,802 | +€3,397 | +242% |
| Suppliers | 440/4 | €1,405 | €4,802 | +€3,397 | +242% |
| Taxes, remuneration and social security | 45 | €46,806 | €47,049 | +€242 | +0.5% |
| Taxes | 450/3 | €46,806 | €47,049 | +€242 | +0.5% |
| Other amounts payable | 47/48 | €397 | €62,495 | +€62,098 | +15,635% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,560 | €29,149 | -€1,412 | -4.6% |
| Other operating charges | 640/8 | €2,309 | €3,046 | +€737 | +31.9% |
| Gross operating margin | 9900 | €398,332 | €378,685 | -€19,648 | -4.9% |
| Operating profit (loss) | 9901 | €365,463 | €346,490 | -€18,973 | -5.2% |
| Financial income | 75/76B | €14,247 | €37,558 | +€23,310 | +164% |
| Recurring financial income | 75 | €14,247 | €37,558 | +€23,310 | +164% |
| Financial charges | 65/66B | €5,099 | €6,270 | +€1,171 | +23.0% |
| Recurring financial charges | 65 | €5,099 | €6,270 | +€1,171 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €374,611 | €377,778 | +€3,167 | +0.8% |
| Income taxes | 67/77 | €114,958 | €112,677 | -€2,281 | -2.0% |
| Profit (loss) for the period | 9904 | €259,654 | €265,101 | +€5,447 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €259,654 | €265,101 | +€5,447 | +2.1% |
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 13 October 2026 via checked.be.