TENDRESSE BLANCHE: 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.
TENDRESSE BLANCHE
Largest movements
- Tangible fixed assets -€7,040
down €7,040 (-7.3%), from €96,639 to €89,600
of which Other tangible fixed assets: -€6,275
- Stocks and contracts -€6,331
down €6,331 (-11.4%), from €55,316 to €48,986
- Debts after one year -€12,664
down €12,664 (-26.9%), from €47,106 to €34,442
- Tax, wage and social debts +€6,205
up €6,205 (+689%), from €900 to €7,105
- Trade debts -€4,482
down €4,482 (-14.4%), from €31,217 to €26,734
- Other debts -€3,442
down €3,442 (-8.5%), from €40,721 to €37,279
- Depreciation +€6,853
up €6,853 (+1,098%), from €624 to €7,477
- Gross operating margin +€1,302
up €1,302 (+12.1%), from -€10,723 to -€9,422
- Financial charges -€519
down €519 (-14.9%), from €3,494 to €2,975
- Financial income -€152
down €152 (-83.2%), from €182 to €31
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 | €157,015 | €143,223 | -€13,791 | -8.8% |
| Formation expenses | 20 | €1,752 | €1,314 | -€438 | -25.0% |
| Fixed assets | 21/28 | €96,639 | €89,600 | -€7,040 | -7.3% |
| Tangible fixed assets | 22/27 | €96,639 | €89,600 | -€7,040 | -7.3% |
| Plant, machinery and equipment | 23 | €844 | €638 | -€206 | -24.4% |
| Furniture and vehicles | 24 | €1,677 | €1,118 | -€559 | -33.3% |
| Other tangible fixed assets | 26 | €94,118 | €87,844 | -€6,275 | -6.7% |
| Current assets | 29/58 | €58,624 | €52,310 | -€6,314 | -10.8% |
| Stocks and contracts in progress | 3 | €55,316 | €48,986 | -€6,331 | -11.4% |
| Stocks | 30/36 | €55,316 | €48,986 | -€6,331 | -11.4% |
| Amounts receivable within one year | 40/41 | €2,516 | €1,090 | -€1,426 | -56.7% |
| Other amounts receivable | 41 | €2,516 | €1,090 | -€1,426 | -56.7% |
| Cash at bank and in hand | 54/58 | €792 | €2,218 | +€1,426 | +180% |
| Deferred charges and accrued income | 490/1 | - | €17 | +€17 | |
| Total equity and liabilities | 10/49 | €157,015 | €143,223 | -€13,791 | -8.8% |
| Equity | 10/15 | €25,000 | €25,000 | = | 0.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €132,015 | €118,223 | -€13,791 | -10.4% |
| Amounts payable after more than one year | 17 | €47,106 | €34,442 | -€12,664 | -26.9% |
| Financial debts | 170/4 | €47,106 | €34,442 | -€12,664 | -26.9% |
| Amounts payable within one year | 42/48 | €84,909 | €83,781 | -€1,128 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €12,072 | €12,664 | +€592 | +4.9% |
| Trade debts | 44 | €31,217 | €26,734 | -€4,482 | -14.4% |
| Suppliers | 440/4 | €31,217 | €26,734 | -€4,482 | -14.4% |
| Taxes, remuneration and social security | 45 | €900 | €7,105 | +€6,205 | +689% |
| Remuneration and social security | 454/9 | €900 | €7,105 | +€6,205 | +689% |
| Other amounts payable | 47/48 | €40,721 | €37,279 | -€3,442 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €624 | €7,477 | +€6,853 | +1,098% |
| Other operating charges | 640/8 | €3 | €72 | +€69 | +2,023% |
| Gross operating margin | 9900 | -€10,723 | -€9,422 | +€1,302 | +12.1% |
| Operating profit (loss) | 9901 | -€11,351 | -€16,971 | -€5,620 | -49.5% |
| Financial income | 75/76B | €182 | €31 | -€152 | -83.2% |
| Recurring financial income | 75 | €182 | €31 | -€152 | -83.2% |
| Financial charges | 65/66B | €3,494 | €2,975 | -€519 | -14.9% |
| Recurring financial charges | 65 | €3,494 | €2,975 | -€519 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,662 | -€19,915 | -€5,253 | -35.8% |
| Profit (loss) for the period | 9904 | -€14,662 | -€19,915 | -€5,253 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,662 | -€19,915 | -€5,253 | -35.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.