Tandplus: 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.
Tandplus
Largest movements
- Tangible fixed assets -€88,526
down €88,526 (-11.8%), from €747,119 to €658,593
of which Land and buildings: -€62,909
- Receivables within one year +€34,604
up €34,604 (+35.6%), from €97,113 to €131,717
- Current portion of long-term debt -€30,843
down €30,843 (-46.7%), from €66,023 to €35,180
- Debts after one year -€21,180
down €21,180 (-2.8%), from €766,624 to €745,443
- Gross operating margin +€1,409
up €1,409 (+1.4%), from €98,123 to €99,532
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 | €845,063 | €793,769 | -€51,294 | -6.1% |
| Fixed assets | 21/28 | €747,119 | €658,593 | -€88,526 | -11.8% |
| Tangible fixed assets | 22/27 | €747,119 | €658,593 | -€88,526 | -11.8% |
| Land and buildings | 22 | €640,343 | €577,434 | -€62,909 | -9.8% |
| Plant, machinery and equipment | 23 | €97,215 | €81,159 | -€16,056 | -16.5% |
| Leasing and similar rights | 25 | €9,561 | - | -€9,561 | |
| Current assets | 29/58 | €97,945 | €135,176 | +€37,232 | +38.0% |
| Amounts receivable within one year | 40/41 | €97,113 | €131,717 | +€34,604 | +35.6% |
| Other amounts receivable | 41 | €97,113 | €131,717 | +€34,604 | +35.6% |
| Cash at bank and in hand | 54/58 | €832 | €3,459 | +€2,627 | +315.8% |
| Total equity and liabilities | 10/49 | €845,063 | €793,769 | -€51,294 | -6.1% |
| Equity | 10/15 | €11,103 | €12,762 | +€1,659 | +14.9% |
| Contributions | 10/11 | €47,595 | €47,595 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,492 | -€34,833 | +€1,659 | +4.5% |
| Amounts payable | 17/49 | €833,960 | €781,007 | -€52,953 | -6.3% |
| Amounts payable after more than one year | 17 | €766,624 | €745,443 | -€21,180 | -2.8% |
| Financial debts | 170/4 | €766,624 | €745,443 | -€21,180 | -2.8% |
| Amounts payable within one year | 42/48 | €67,336 | €35,564 | -€31,773 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €66,023 | €35,180 | -€30,843 | -46.7% |
| Trade debts | 44 | €1,313 | €384 | -€929 | -70.8% |
| Suppliers | 440/4 | €1,313 | €384 | -€929 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,472 | €88,526 | -€946 | -1.1% |
| Other operating charges | 640/8 | €4,753 | €4,462 | -€291 | -6.1% |
| Gross operating margin | 9900 | €98,123 | €99,532 | +€1,409 | +1.4% |
| Operating profit (loss) | 9901 | €3,898 | €6,544 | +€2,646 | +67.9% |
| Financial income | 75/76B | €38 | €2 | -€35 | -93.6% |
| Recurring financial income | 75 | €38 | €2 | -€35 | -93.6% |
| Financial charges | 65/66B | €5,790 | €4,888 | -€903 | -15.6% |
| Recurring financial charges | 65 | €5,790 | €4,888 | -€903 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,855 | €1,659 | +€3,514 | |
| Profit (loss) for the period | 9904 | -€1,855 | €1,659 | +€3,514 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,855 | €1,659 | +€3,514 |
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 12 October 2026 via checked.be.