TENDRA: 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.
TENDRA
Largest movements
- Cash -€108,074
down €108,074 (-16.1%), from €672,596 to €564,522
mainly Contributions, distributions and other (-€77,021) and Net result for the year (-€21,756)
- Reserves -€98,777
down €98,777 (-10.0%), from €984,857 to €886,080
of which Distributable reserves: -€98,777
- Tax, wage and social debts -€11,827
down €11,827 (-93.8%), from €12,608 to €781
- Gross operating margin -€109,214
down €109,214, from €98,865 to -€10,349
- Taxes -€32,446
down €32,446 (-99.6%), from €32,577 to €131
- Depreciation +€8,644
up €8,644 (+638%), from €1,354 to €9,998
- Financial charges +€3,786
up €3,786 (+98.6%), from -€3,838 to -€52
- Financial income -€2,629
down €2,629 (-96.4%), from €2,728 to €99
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.
Derived cash bridge
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 | €1,063,008 | €950,412 | -€112,596 | -10.6% |
| Fixed assets | 21/28 | €382,584 | €372,585 | -€9,999 | -2.6% |
| Tangible fixed assets | 22/27 | €47,739 | €37,740 | -€9,999 | -20.9% |
| Plant, machinery and equipment | 23 | €302 | - | -€302 | |
| Furniture and vehicles | 24 | €47,437 | €37,740 | -€9,697 | -20.4% |
| Financial fixed assets | 28 | €334,845 | €334,845 | = | 0.0% |
| Current assets | 29/58 | €680,424 | €577,827 | -€102,597 | -15.1% |
| Amounts receivable within one year | 40/41 | €6,815 | €11,264 | +€4,449 | +65.3% |
| Other amounts receivable | 41 | €6,815 | €11,264 | +€4,449 | +65.3% |
| Cash at bank and in hand | 54/58 | €672,596 | €564,522 | -€108,074 | -16.1% |
| Deferred charges and accrued income | 490/1 | €1,013 | €2,041 | +€1,028 | +101% |
| Total equity and liabilities | 10/49 | €1,063,008 | €950,412 | -€112,596 | -10.6% |
| Equity | 10/15 | €1,046,857 | €948,080 | -€98,777 | -9.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €984,857 | €886,080 | -€98,777 | -10.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €978,657 | €879,880 | -€98,777 | -10.1% |
| Amounts payable | 17/49 | €16,151 | €2,332 | -€13,819 | -85.6% |
| Amounts payable within one year | 42/48 | €16,063 | €1,530 | -€14,533 | -90.5% |
| Trade debts | 44 | €3,455 | €749 | -€2,706 | -78.3% |
| Suppliers | 440/4 | €3,455 | €749 | -€2,706 | -78.3% |
| Taxes, remuneration and social security | 45 | €12,608 | €781 | -€11,827 | -93.8% |
| Taxes | 450/3 | €12,608 | €781 | -€11,827 | -93.8% |
| Accrued charges and deferred income | 492/3 | €88 | €802 | +€714 | +811% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,354 | €9,998 | +€8,644 | +638% |
| Other operating charges | 640/8 | €1,904 | €1,429 | -€475 | -24.9% |
| Gross operating margin | 9900 | €98,865 | -€10,349 | -€109,214 | |
| Operating profit (loss) | 9901 | €95,607 | -€21,776 | -€117,383 | |
| Financial income | 75/76B | €2,728 | €99 | -€2,629 | -96.4% |
| Recurring financial income | 75 | €2,728 | €99 | -€2,629 | -96.4% |
| Financial charges | 65/66B | -€3,838 | -€52 | +€3,786 | +98.6% |
| Recurring financial charges | 65 | -€3,838 | -€52 | +€3,786 | +98.6% |
| Profit (loss) for the period before taxes | 9903 | €102,173 | -€21,625 | -€123,798 | |
| Income taxes | 67/77 | €32,577 | €131 | -€32,446 | -99.6% |
| Profit (loss) for the period | 9904 | €69,596 | -€21,756 | -€91,352 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,596 | -€21,756 | -€91,352 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.