TNDM: 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.
TNDM
Largest movements
- Stocks and contracts +€380,943
up €380,943 (+7.2%), from €5.3m to €5.7m
- Cash +€116,817
up €116,817 (+579%), from €20,175 to €136,991
mainly Short-term financial debts (+€2.8m) and Accrued charges and deferred income (+€178,675)
- Short-term financial debts +€2.8m
new in 2025: €2.8m
- Debts after one year -€2.6m
down €2.6m (-52.7%), from €4.9m to €2.3m
- Accrued charges and deferred income +€178,675
up €178,675 (+49.6%), from €360,383 to €539,057
- Contributions +€100,000
up €100,000 (+163%), from €61,500 to €161,500
- Other operating charges -€19,850
down €19,850 (-28.4%), from €69,938 to €50,088
- Gross operating margin -€14,768
down €14,768 (-25.6%), from €57,771 to €43,003
- Purchases and services -€9,741
down €9,741 (-16.3%), from €59,729 to €49,988
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 | €5,352,317 | €5,888,228 | +€535,911 | +10.0% |
| Current assets | 29/58 | €5,352,317 | €5,888,228 | +€535,911 | +10.0% |
| Stocks and contracts in progress | 3 | €5,308,162 | €5,689,105 | +€380,943 | +7.2% |
| Stocks | 30/36 | €5,308,162 | €5,689,105 | +€380,943 | +7.2% |
| Amounts receivable within one year | 40/41 | €23,019 | €23,701 | +€682 | +3.0% |
| Trade receivables | 40 | €23,019 | €23,701 | +€682 | +3.0% |
| Cash at bank and in hand | 54/58 | €20,175 | €136,991 | +€116,817 | +579% |
| Deferred charges and accrued income | 490/1 | €961 | €38,431 | +€37,470 | +3,898% |
| Total equity and liabilities | 10/49 | €5,352,317 | €5,888,228 | +€535,911 | +10.0% |
| Equity | 10/15 | €45,453 | €137,592 | +€92,139 | +203% |
| Contributions | 10/11 | €61,500 | €161,500 | +€100,000 | +163% |
| Capital | 10 | €61,500 | €161,500 | +€100,000 | +163% |
| Issued capital | 100 | €61,500 | €161,500 | +€100,000 | +163% |
| Profit (loss) carried forward | 14 | -€16,047 | -€23,908 | -€7,861 | -49.0% |
| Amounts payable | 17/49 | €5,306,864 | €5,750,636 | +€443,773 | +8.4% |
| Amounts payable after more than one year | 17 | €4,880,000 | €2,310,000 | -€2.6m | -52.7% |
| Financial debts | 170/4 | €4,880,000 | €2,310,000 | -€2.6m | -52.7% |
| Amounts payable within one year | 42/48 | €66,481 | €2,901,579 | +€2.8m | +4,265% |
| Financial debts | 43 | - | €2,800,000 | +€2.8m | |
| Credit institutions | 430/8 | - | €2,800,000 | +€2.8m | |
| Trade debts | 44 | €61,481 | €101,579 | +€40,098 | +65.2% |
| Suppliers | 440/4 | €61,481 | €101,579 | +€40,098 | +65.2% |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100% |
| Accrued charges and deferred income | 492/3 | €360,383 | €539,057 | +€178,675 | +49.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €59,729 | €49,988 | -€9,741 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €69,938 | €50,088 | -€19,850 | -28.4% |
| Gross operating margin | 9900 | €57,771 | €43,003 | -€14,768 | -25.6% |
| Operating profit (loss) | 9901 | -€12,167 | -€7,085 | +€5,082 | +41.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €522 | €776 | +€254 | +48.7% |
| Recurring financial charges | 65 | €522 | €776 | +€254 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,689 | -€7,861 | +€4,828 | +38.0% |
| Profit (loss) for the period | 9904 | -€12,689 | -€7,861 | +€4,828 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,689 | -€7,861 | +€4,828 | +38.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.