TENDE: 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.
TENDE
Largest movements
- Receivables within one year -€16,921
down €16,921 (-53.7%), from €31,504 to €14,583
of which Other amounts receivable: -€17,067
- Cash +€4,137
up €4,137 (+9.4%), from €44,141 to €48,278
mainly Receivables within one year (+€16,921) and Accrued charges and deferred income (+€6,557)
- Deferred charges and accrued income +€1,388
up €1,388 (+65.4%), from €2,123 to €3,511
- Stocks and contracts -€1,000
down €1,000 (-37.2%), from €2,686 to €1,686
- Trade debts -€19,813
down €19,813 (-54.3%), from €36,482 to €16,668
- Accrued charges and deferred income +€6,557
new in 2025: €6,557
- Profit (loss) carried forward +€1,663
up €1,663 (+7.2%), from €22,942 to €24,605
- Gross operating margin +€1,459
up €1,459 (+135.1%), from €1,080 to €2,539
- Financial income -€640
down €640 (-91.0%), from €703 to €63
- Taxes +€138
up €138 (+21.2%), from €651 to €789
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 | €80,455 | €68,059 | -€12,396 | -15.4% |
| Current assets | 29/58 | €80,455 | €68,059 | -€12,396 | -15.4% |
| Stocks and contracts in progress | 3 | €2,686 | €1,686 | -€1,000 | -37.2% |
| Stocks | 30/36 | €2,686 | €1,686 | -€1,000 | -37.2% |
| Amounts receivable within one year | 40/41 | €31,504 | €14,583 | -€16,921 | -53.7% |
| Trade receivables | 40 | €8,316 | €8,462 | +€146 | +1.7% |
| Other amounts receivable | 41 | €23,188 | €6,122 | -€17,067 | -73.6% |
| Cash at bank and in hand | 54/58 | €44,141 | €48,278 | +€4,137 | +9.4% |
| Deferred charges and accrued income | 490/1 | €2,123 | €3,511 | +€1,388 | +65.4% |
| Total equity and liabilities | 10/49 | €80,455 | €68,059 | -€12,396 | -15.4% |
| Equity | 10/15 | €41,959 | €43,622 | +€1,663 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €416 | €416 | = | 0.0% |
| Distributable reserves | 133 | €416 | €416 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,942 | €24,605 | +€1,663 | +7.2% |
| Amounts payable | 17/49 | €38,496 | €24,437 | -€14,059 | -36.5% |
| Amounts payable within one year | 42/48 | €38,496 | €17,880 | -€20,616 | -53.6% |
| Trade debts | 44 | €36,482 | €16,668 | -€19,813 | -54.3% |
| Suppliers | 440/4 | €36,482 | €16,668 | -€19,813 | -54.3% |
| Taxes, remuneration and social security | 45 | €2,014 | €1,212 | -€802 | -39.8% |
| Taxes | 450/3 | €2,014 | €1,212 | -€802 | -39.8% |
| Accrued charges and deferred income | 492/3 | - | €6,557 | +€6,557 | |
| Non-recurring operating income | 76A | €59,550 | - | -€59,550 | |
| Gross operating margin | 9900 | €1,080 | €2,539 | +€1,459 | +135.1% |
| Operating profit (loss) | 9901 | €1,080 | €2,539 | +€1,459 | +135.1% |
| Financial income | 75/76B | €703 | €63 | -€640 | -91.0% |
| Recurring financial income | 75 | €703 | €63 | -€640 | -91.0% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €1,648 | €2,452 | +€804 | +48.8% |
| Income taxes | 67/77 | €651 | €789 | +€138 | +21.2% |
| Profit (loss) for the period | 9904 | €997 | €1,663 | +€666 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €997 | €1,663 | +€666 | +66.8% |
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 7 October 2026 via checked.be.