EDDY TANGHE MANAGEMENT: 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.
EDDY TANGHE MANAGEMENT
Largest movements
- Cash +€34,693
up €34,693 (+33.4%), from €103,870 to €138,563
mainly Net result for the year (+€66,160) and Depreciation (+€30,429)
- Tangible fixed assets +€17,444
up €17,444 (+6.4%), from €271,732 to €289,176
- Reserves +€66,160
up €66,160 (+12.8%), from €516,247 to €582,407
- Debts after one year -€16,753
down €16,753 (-11.4%), from €146,965 to €130,212
- Financial charges +€23,115
up €23,115, from -€18,417 to €4,698
- Depreciation +€12,104
up €12,104 (+66.1%), from €18,325 to €30,429
- Gross operating margin +€11,260
up €11,260 (+10.2%), from €110,783 to €122,042
- Other operating charges -€2,346
down €2,346 (-52.4%), from €4,480 to €2,135
- Taxes +€2,262
up €2,262 (+8.5%), from €26,668 to €28,930
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 | €874,781 | €927,236 | +€52,455 | +6.0% |
| Fixed assets | 21/28 | €271,732 | €289,176 | +€17,444 | +6.4% |
| Tangible fixed assets | 22/27 | €271,732 | €289,176 | +€17,444 | +6.4% |
| Land and buildings | 22 | €271,732 | €289,176 | +€17,444 | +6.4% |
| Current assets | 29/58 | €603,049 | €638,060 | +€35,011 | +5.8% |
| Amounts receivable within one year | 40/41 | €22,131 | €20,068 | -€2,063 | -9.3% |
| Trade receivables | 40 | €22,131 | €15,906 | -€6,225 | -28.1% |
| Other amounts receivable | 41 | - | €4,163 | +€4,163 | |
| Current investments | 50/53 | €474,088 | €474,088 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,870 | €138,563 | +€34,693 | +33.4% |
| Deferred charges and accrued income | 490/1 | €2,960 | €5,340 | +€2,380 | +80.4% |
| Total equity and liabilities | 10/49 | €874,781 | €927,236 | +€52,455 | +6.0% |
| Equity | 10/15 | €671,670 | €737,831 | +€66,160 | +9.9% |
| Contributions | 10/11 | €155,424 | €155,424 | = | 0.0% |
| Reserves | 13 | €516,247 | €582,407 | +€66,160 | +12.8% |
| Distributable reserves | 133 | €516,247 | €582,407 | +€66,160 | +12.8% |
| Amounts payable | 17/49 | €203,111 | €189,405 | -€13,706 | -6.7% |
| Amounts payable after more than one year | 17 | €146,965 | €130,212 | -€16,753 | -11.4% |
| Financial debts | 170/4 | €146,965 | €130,212 | -€16,753 | -11.4% |
| Amounts payable within one year | 42/48 | €55,657 | €59,193 | +€3,536 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €16,753 | €16,753 | = | 0.0% |
| Trade debts | 44 | €5,839 | €7,246 | +€1,407 | +24.1% |
| Suppliers | 440/4 | €5,839 | €7,246 | +€1,407 | +24.1% |
| Taxes, remuneration and social security | 45 | €9,012 | €9,181 | +€168 | +1.9% |
| Taxes | 450/3 | €5,584 | €9,181 | +€3,597 | +64.4% |
| Remuneration and social security | 454/9 | €3,429 | - | -€3,429 | |
| Other amounts payable | 47/48 | €24,052 | €26,013 | +€1,961 | +8.2% |
| Accrued charges and deferred income | 492/3 | €488 | - | -€488 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,325 | €30,429 | +€12,104 | +66.1% |
| Other operating charges | 640/8 | €4,480 | €2,135 | -€2,346 | -52.4% |
| Gross operating margin | 9900 | €110,783 | €122,042 | +€11,260 | +10.2% |
| Operating profit (loss) | 9901 | €87,977 | €89,478 | +€1,501 | +1.7% |
| Financial income | 75/76B | €9,103 | €10,310 | +€1,207 | +13.3% |
| Recurring financial income | 75 | €9,103 | €10,310 | +€1,207 | +13.3% |
| Financial charges | 65/66B | -€18,417 | €4,698 | +€23,115 | |
| Recurring financial charges | 65 | -€18,417 | €4,698 | +€23,115 | |
| Profit (loss) for the period before taxes | 9903 | €115,497 | €95,091 | -€20,406 | -17.7% |
| Income taxes | 67/77 | €26,668 | €28,930 | +€2,262 | +8.5% |
| Profit (loss) for the period | 9904 | €88,829 | €66,160 | -€22,669 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,829 | €66,160 | -€22,669 | -25.5% |
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 19 October 2026 via checked.be.