Tandu: 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.
Tandu
Largest movements
- Deferred charges and accrued income -€334,091
down €334,091 (-99.8%), from €334,635 to €544
- Receivables within one year +€281,330
up €281,330 (+203.9%), from €138,000 to €419,330
of which Other amounts receivable: +€282,742
- Cash -€55,321
down €55,321 (-37.2%), from €148,627 to €93,305
mainly Receivables within one year (-€281,330) and Tax, wage and social debts (-€59,783)
- Tangible fixed assets -€36,330
down €36,330 (-17.6%), from €206,479 to €170,149
of which Furniture and vehicles: -€22,748
- Tax, wage and social debts -€59,783
down €59,783 (-91.3%), from €65,476 to €5,693
- Profit (loss) carried forward -€39,500
new in 2025: -€39,500
- Other debts -€29,967
down €29,967 (-26.2%), from €114,174 to €84,207
- Debts after one year -€9,271
down €9,271 (-6.0%), from €155,792 to €146,521
- Financial income -€472,350
down €472,350 (-98.4%), from €479,920 to €7,570
- Gross operating margin -€90,391
down €90,391, from €66,046 to -€24,345
- Taxes -€48,918
down €48,918 (-99.7%), from €49,059 to €141
- Depreciation -€16,783
down €16,783 (-55.3%), from €30,365 to €13,582
- Financial charges -€9,589
down €9,589 (-59.0%), from €16,256 to €6,666
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 | €908,202 | €763,790 | -€144,412 | -15.9% |
| Fixed assets | 21/28 | €286,940 | €250,610 | -€36,330 | -12.7% |
| Tangible fixed assets | 22/27 | €206,479 | €170,149 | -€36,330 | -17.6% |
| Land and buildings | 22 | €179,725 | €168,053 | -€11,673 | -6.5% |
| Plant, machinery and equipment | 23 | €4,006 | €2,096 | -€1,910 | -47.7% |
| Furniture and vehicles | 24 | €22,748 | €0 | -€22,748 | -100.0% |
| Financial fixed assets | 28 | €80,461 | €80,461 | = | 0.0% |
| Current assets | 29/58 | €621,262 | €513,180 | -€108,082 | -17.4% |
| Amounts receivable within one year | 40/41 | €138,000 | €419,330 | +€281,330 | +203.9% |
| Trade receivables | 40 | €138,000 | €136,589 | -€1,412 | -1.0% |
| Other amounts receivable | 41 | - | €282,742 | +€282,742 | |
| Cash at bank and in hand | 54/58 | €148,627 | €93,305 | -€55,321 | -37.2% |
| Deferred charges and accrued income | 490/1 | €334,635 | €544 | -€334,091 | -99.8% |
| Total equity and liabilities | 10/49 | €908,202 | €763,790 | -€144,412 | -15.9% |
| Equity | 10/15 | €531,398 | €491,898 | -€39,500 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €512,798 | €512,798 | = | 0.0% |
| Distributable reserves | 133 | €512,798 | €512,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€39,500 | -€39,500 | |
| Amounts payable | 17/49 | €376,804 | €271,893 | -€104,912 | -27.8% |
| Amounts payable after more than one year | 17 | €155,792 | €146,521 | -€9,271 | -6.0% |
| Financial debts | 170/4 | €155,792 | €146,521 | -€9,271 | -6.0% |
| Amounts payable within one year | 42/48 | €213,863 | €120,376 | -€93,486 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €9,125 | €9,283 | +€158 | +1.7% |
| Trade debts | 44 | €25,088 | €21,193 | -€3,895 | -15.5% |
| Suppliers | 440/4 | €25,088 | €21,193 | -€3,895 | -15.5% |
| Taxes, remuneration and social security | 45 | €65,476 | €5,693 | -€59,783 | -91.3% |
| Taxes | 450/3 | €65,476 | €5,693 | -€59,783 | -91.3% |
| Other amounts payable | 47/48 | €114,174 | €84,207 | -€29,967 | -26.2% |
| Accrued charges and deferred income | 492/3 | €7,150 | €4,995 | -€2,154 | -30.1% |
| Non-recurring operating income | 76A | €0 | €17,670 | +€17,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,365 | €13,582 | -€16,783 | -55.3% |
| Other operating charges | 640/8 | €1,393 | €1,580 | +€187 | +13.5% |
| Non-recurring operating charges | 66A | - | €755 | +€755 | |
| Gross operating margin | 9900 | €66,046 | -€24,345 | -€90,391 | |
| Operating profit (loss) | 9901 | €34,288 | -€40,263 | -€74,551 | |
| Financial income | 75/76B | €479,920 | €7,570 | -€472,350 | -98.4% |
| Recurring financial income | 75 | €479,920 | €7,570 | -€472,350 | -98.4% |
| Financial charges | 65/66B | €16,256 | €6,666 | -€9,589 | -59.0% |
| Recurring financial charges | 65 | €16,256 | €6,666 | -€9,589 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €497,952 | -€39,359 | -€537,311 | |
| Income taxes | 67/77 | €49,059 | €141 | -€48,918 | -99.7% |
| Profit (loss) for the period | 9904 | €448,893 | -€39,500 | -€488,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €448,893 | -€39,500 | -€488,394 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.