TENDOTOOLS: 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.
TENDOTOOLS
Largest movements
- Receivables after one year -€279,010
no longer reported in 2025 (was €279,010)
- Stocks and contracts +€140,735
up €140,735 (+14.2%), from €990,497 to €1.1m
- Receivables within one year +€79,243
up €79,243 (+23.8%), from €333,655 to €412,898
of which Other amounts receivable: +€112,796
- Tangible fixed assets -€32,112
down €32,112 (-29.7%), from €107,943 to €75,831
of which Furniture and vehicles: -€20,403
- Intangible fixed assets +€30,783
up €30,783 (+83.8%), from €36,715 to €67,498
- Reserves -€158,824
down €158,824 (-12.4%), from €1.3m to €1.1m
of which Distributable reserves: -€158,824
- Short-term financial debts +€125,000
up €125,000 (+250.0%), from €50,000 to €175,000
- Other debts -€50,000
down €50,000 (-19.9%), from €251,573 to €201,573
- Trade debts +€47,229
up €47,229 (+38.9%), from €121,362 to €168,591
- Gross operating margin -€108,163
down €108,163 (-14.1%), from €764,848 to €656,684
- Depreciation +€25,350
up €25,350 (+116.4%), from €21,773 to €47,123
- Financial charges -€12,607
down €12,607 (-38.2%), from €32,969 to €20,362
- Taxes -€9,755
down €9,755 (-45.7%), from €21,331 to €11,576
- Staff costs +€8,049
up €8,049 (+1.6%), from €508,915 to €516,964
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 | €1,949,200 | €1,900,225 | -€48,975 | -2.5% |
| Fixed assets | 21/28 | €144,658 | €143,329 | -€1,330 | -0.9% |
| Intangible fixed assets | 21 | €36,715 | €67,498 | +€30,783 | +83.8% |
| Tangible fixed assets | 22/27 | €107,943 | €75,831 | -€32,112 | -29.7% |
| Plant, machinery and equipment | 23 | €223 | - | -€223 | |
| Furniture and vehicles | 24 | €61,000 | €40,598 | -€20,403 | -33.4% |
| Leasing and similar rights | 25 | €22,589 | €18,056 | -€4,532 | -20.1% |
| Other tangible fixed assets | 26 | €24,131 | €17,177 | -€6,955 | -28.8% |
| Current assets | 29/58 | €1,804,542 | €1,756,897 | -€47,645 | -2.6% |
| Amounts receivable after more than one year | 29 | €279,010 | - | -€279,010 | |
| Other amounts receivable | 291 | €279,010 | - | -€279,010 | |
| Stocks and contracts in progress | 3 | €990,497 | €1,131,232 | +€140,735 | +14.2% |
| Stocks | 30/36 | €990,497 | €1,131,232 | +€140,735 | +14.2% |
| Amounts receivable within one year | 40/41 | €333,655 | €412,898 | +€79,243 | +23.8% |
| Trade receivables | 40 | €269,797 | €236,244 | -€33,553 | -12.4% |
| Other amounts receivable | 41 | €63,857 | €176,653 | +€112,796 | +176.6% |
| Current investments | 50/53 | €132,500 | €115,500 | -€17,000 | -12.8% |
| Cash at bank and in hand | 54/58 | €58,366 | €82,416 | +€24,050 | +41.2% |
| Deferred charges and accrued income | 490/1 | €10,514 | €14,851 | +€4,337 | +41.2% |
| Total equity and liabilities | 10/49 | €1,949,200 | €1,900,225 | -€48,975 | -2.5% |
| Equity | 10/15 | €1,343,666 | €1,184,842 | -€158,824 | -11.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,281,692 | €1,122,868 | -€158,824 | -12.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €1,273,995 | €1,115,171 | -€158,824 | -12.5% |
| Amounts payable | 17/49 | €605,534 | €715,384 | +€109,849 | +18.1% |
| Amounts payable after more than one year | 17 | €40,809 | €31,265 | -€9,543 | -23.4% |
| Financial debts | 170/4 | €40,809 | €31,265 | -€9,543 | -23.4% |
| Amounts payable within one year | 42/48 | €564,145 | €683,492 | +€119,347 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €9,209 | €23,061 | +€13,851 | +150.4% |
| Financial debts | 43 | €50,000 | €175,000 | +€125,000 | +250.0% |
| Credit institutions | 430/8 | €50,000 | €175,000 | +€125,000 | +250.0% |
| Trade debts | 44 | €121,362 | €168,591 | +€47,229 | +38.9% |
| Suppliers | 440/4 | €121,362 | €168,591 | +€47,229 | +38.9% |
| Advances received on contracts in progress | 46 | €121 | - | -€121 | |
| Taxes, remuneration and social security | 45 | €131,880 | €115,268 | -€16,612 | -12.6% |
| Taxes | 450/3 | €31,400 | €31,037 | -€363 | -1.2% |
| Remuneration and social security | 454/9 | €100,480 | €84,231 | -€16,249 | -16.2% |
| Other amounts payable | 47/48 | €251,573 | €201,573 | -€50,000 | -19.9% |
| Accrued charges and deferred income | 492/3 | €581 | €626 | +€45 | +7.8% |
| Non-recurring operating income | 76A | €87,470 | - | -€87,470 | |
| Remuneration, social security and pensions | 62 | €508,915 | €516,964 | +€8,049 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,773 | €47,123 | +€25,350 | +116.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,058 | - | -€1,058 | |
| Other operating charges | 640/8 | €24,751 | €22,659 | -€2,092 | -8.5% |
| Non-recurring operating charges | 66A | €145,630 | - | -€145,630 | |
| Gross operating margin | 9900 | €764,848 | €656,684 | -€108,163 | -14.1% |
| Operating profit (loss) | 9901 | €62,721 | €69,938 | +€7,217 | +11.5% |
| Financial income | 75/76B | €10,131 | €3,176 | -€6,955 | -68.7% |
| Recurring financial income | 75 | €10,131 | €3,176 | -€6,955 | -68.7% |
| Financial charges | 65/66B | €32,969 | €20,362 | -€12,607 | -38.2% |
| Recurring financial charges | 65 | €32,969 | €20,362 | -€12,607 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €39,883 | €52,752 | +€12,869 | +32.3% |
| Income taxes | 67/77 | €21,331 | €11,576 | -€9,755 | -45.7% |
| Profit (loss) for the period | 9904 | €18,552 | €41,176 | +€22,625 | +122.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,552 | €41,176 | +€22,625 | +122.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.