TENDACOR: what changed
What changed
TENDACOR
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€54,661
2024 · €6,103-€60,764
Equity
€197,645
2024 · €252,307-€54,661
Cash
€25,425
2024 · €19,237+€6,188
Balance sheet total
€951,360
2024 · €1.1m-€134,818
Largest movements
Assets
- Receivables within one year -€80,709
down €80,709 (-71.1%), from €113,515 to €32,805
of which Trade receivables: -€75,106
- Tangible fixed assets -€63,242
down €63,242 (-7.4%), from €852,111 to €788,869
Equity and liabilities
- Debts after one year -€85,755
down €85,755 (-13.9%), from €616,801 to €531,045
of which Financial debts: -€78,698
- Reserves -€54,661
down €54,661 (-23.4%), from €233,707 to €179,045
- Short-term financial debts +€48,894
up €48,894 (+304%), from €16,106 to €65,000
- Tax, wage and social debts -€28,866
down €28,866 (-70.7%), from €40,855 to €11,989
of which Remuneration and social security: -€18,063
- Trade debts -€22,568
down €22,568 (-30.9%), from €72,933 to €50,364
Income statement
- Gross operating margin -€100,076
down €100,076 (-32.2%), from €310,845 to €210,769
- Staff costs -€33,413
down €33,413 (-18.6%), from €179,449 to €146,036
- Taxes -€5,535
down €5,535 (-87.9%), from €6,297 to €763
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,103
Gross operating margin
-€100,076
Staff costs
+€33,413
Depreciation
-€885
Other operating charges
+€590
Other operating items
-€426
Financial income
-€784
Financial charges
+€1,869
Taxes
+€5,535
Result 2025
-€54,661
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€59,198
Investment
-€24,790
Financing
-€28,221
Cash 2024
€19,237
From operations (derived)
+€59,198
Net result for the year
-€54,661
Depreciation
+€88,032
Stocks and contracts
+€206
Receivables within one year
+€80,709
Deferred charges and accrued income
-€3,151
Trade debts
-€22,568
Tax, wage and social debts
-€28,866
Other debts
-€1,100
Accrued charges and deferred income
+€599
Investment (derived)
-€24,790
Investment in fixed assets (net)
-€24,790
Financing
-€28,221
Debts after one year
-€85,755
Current portion of long-term debt
+€8,641
Short-term financial debts
+€48,894
Cash 2025
€25,425
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,086,179 | €951,360 | -€134,818 | -12.4% |
| Fixed assets | 21/28 | €852,111 | €788,869 | -€63,242 | -7.4% |
| Tangible fixed assets | 22/27 | €852,111 | €788,869 | -€63,242 | -7.4% |
| Land and buildings | 22 | €364,986 | €346,054 | -€18,932 | -5.2% |
| Plant, machinery and equipment | 23 | €15,456 | €11,642 | -€3,815 | -24.7% |
| Furniture and vehicles | 24 | €30,824 | €26,666 | -€4,158 | -13.5% |
| Leasing and similar rights | 25 | €123,607 | €102,258 | -€21,349 | -17.3% |
| Other tangible fixed assets | 26 | €317,238 | €302,250 | -€14,988 | -4.7% |
| Current assets | 29/58 | €234,067 | €162,491 | -€71,576 | -30.6% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €47,466 | €47,260 | -€206 | -0.4% |
| Stocks | 30/36 | €38,971 | €45,018 | +€6,047 | +15.5% |
| Contracts in progress | 37 | €8,495 | €2,242 | -€6,253 | -73.6% |
| Amounts receivable within one year | 40/41 | €113,515 | €32,805 | -€80,709 | -71.1% |
| Trade receivables | 40 | €95,262 | €20,156 | -€75,106 | -78.8% |
| Other amounts receivable | 41 | €18,252 | €12,649 | -€5,603 | -30.7% |
| Cash at bank and in hand | 54/58 | €19,237 | €25,425 | +€6,188 | +32.2% |
| Deferred charges and accrued income | 490/1 | €13,850 | €17,001 | +€3,151 | +22.8% |
| Total equity and liabilities | 10/49 | €1,086,179 | €951,360 | -€134,818 | -12.4% |
| Equity | 10/15 | €252,307 | €197,645 | -€54,661 | -21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €233,707 | €179,045 | -€54,661 | -23.4% |
| Distributable reserves | 133 | €233,707 | €179,045 | -€54,661 | -23.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €833,872 | €753,715 | -€80,157 | -9.6% |
| Amounts payable after more than one year | 17 | €616,801 | €531,045 | -€85,755 | -13.9% |
| Financial debts | 170/4 | €603,351 | €524,653 | -€78,698 | -13.0% |
| Other amounts payable | 178/9 | €13,450 | €6,393 | -€7,057 | -52.5% |
| Amounts payable within one year | 42/48 | €216,347 | €221,347 | +€5,000 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €84,302 | €92,943 | +€8,641 | +10.2% |
| Financial debts | 43 | €16,106 | €65,000 | +€48,894 | +304% |
| Credit institutions | 430/8 | €16,106 | €65,000 | +€48,894 | +304% |
| Trade debts | 44 | €72,933 | €50,364 | -€22,568 | -30.9% |
| Suppliers | 440/4 | €72,933 | €50,364 | -€22,568 | -30.9% |
| Taxes, remuneration and social security | 45 | €40,855 | €11,989 | -€28,866 | -70.7% |
| Taxes | 450/3 | €15,115 | €4,313 | -€10,803 | -71.5% |
| Remuneration and social security | 454/9 | €25,740 | €7,677 | -€18,063 | -70.2% |
| Other amounts payable | 47/48 | €2,151 | €1,051 | -€1,100 | -51.2% |
| Accrued charges and deferred income | 492/3 | €724 | €1,323 | +€599 | +82.6% |
| Non-recurring operating income | 76A | €0 | €8,495 | +€8,495 | |
| Remuneration, social security and pensions | 62 | €179,449 | €146,036 | -€33,413 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,147 | €88,032 | +€885 | +1.0% |
| Other operating charges | 640/8 | €9,206 | €8,616 | -€590 | -6.4% |
| Non-recurring operating charges | 66A | - | €426 | +€426 | |
| Gross operating margin | 9900 | €310,845 | €210,769 | -€100,076 | -32.2% |
| Operating profit (loss) | 9901 | €35,043 | -€32,341 | -€67,384 | |
| Financial income | 75/76B | €2,374 | €1,590 | -€784 | -33.0% |
| Recurring financial income | 75 | €2,374 | €1,590 | -€784 | -33.0% |
| Financial charges | 65/66B | €25,017 | €23,148 | -€1,869 | -7.5% |
| Recurring financial charges | 65 | €25,017 | €23,148 | -€1,869 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €12,400 | -€53,899 | -€66,299 | |
| Income taxes | 67/77 | €6,297 | €763 | -€5,535 | -87.9% |
| Profit (loss) for the period | 9904 | €6,103 | -€54,661 | -€60,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,103 | -€54,661 | -€60,764 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.