LA TANGENTE: what changed
LA TANGENTE
Largest movements
- Stocks and contracts -€20,438
down €20,438 (-58.3%), from €35,061 to €14,623
- Cash +€17,570
up €17,570 (+30.6%), from €57,346 to €74,917
mainly Stocks and contracts (+€20,438) and Net result for the year (+€17,840)
- Receivables within one year +€16,983
up €16,983 (+223%), from €7,618 to €24,601
of which Trade receivables: +€17,772
- Tangible fixed assets -€4,313
down €4,313 (-22.1%), from €19,487 to €15,174
of which Furniture and vehicles: -€3,935
- Advances received -€22,087
down €22,087 (-45.0%), from €49,126 to €27,039
- Reserves +€11,106
up €11,106 (+44.4%), from €25,000 to €36,106
- Trade debts +€9,094
up €9,094 (+359%), from €2,534 to €11,628
- Profit (loss) carried forward +€6,734
no longer reported in 2025 (was -€6,734)
- Other debts +€3,635
up €3,635 (+8.7%), from €41,938 to €45,573
- Gross operating margin +€57,565
up €57,565, from -€7,667 to €49,898
- Staff costs +€3,613
up €3,613 (+24.7%), from €14,655 to €18,269
- Other operating charges +€1,539
up €1,539 (+370%), from €416 to €1,955
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,694 | €130,997 | +€9,303 | +7.6% |
| Fixed assets | 21/28 | €21,346 | €16,432 | -€4,914 | -23.0% |
| Intangible fixed assets | 21 | €1,496 | €895 | -€601 | -40.2% |
| Tangible fixed assets | 22/27 | €19,487 | €15,174 | -€4,313 | -22.1% |
| Furniture and vehicles | 24 | €15,870 | €11,935 | -€3,935 | -24.8% |
| Other tangible fixed assets | 26 | €3,617 | €3,238 | -€379 | -10.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €100,348 | €114,565 | +€14,217 | +14.2% |
| Stocks and contracts in progress | 3 | €35,061 | €14,623 | -€20,438 | -58.3% |
| Contracts in progress | 37 | €35,061 | €14,623 | -€20,438 | -58.3% |
| Amounts receivable within one year | 40/41 | €7,618 | €24,601 | +€16,983 | +223% |
| Trade receivables | 40 | €6,083 | €23,855 | +€17,772 | +292% |
| Other amounts receivable | 41 | €1,535 | €746 | -€789 | -51.4% |
| Cash at bank and in hand | 54/58 | €57,346 | €74,917 | +€17,570 | +30.6% |
| Deferred charges and accrued income | 490/1 | €323 | €424 | +€101 | +31.4% |
| Total equity and liabilities | 10/49 | €121,694 | €130,997 | +€9,303 | +7.6% |
| Equity | 10/15 | €24,466 | €42,306 | +€17,840 | +72.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,000 | €36,106 | +€11,106 | +44.4% |
| Distributable reserves | 133 | €25,000 | €36,106 | +€11,106 | +44.4% |
| Profit (loss) carried forward | 14 | -€6,734 | - | +€6,734 | |
| Amounts payable | 17/49 | €97,228 | €88,691 | -€8,537 | -8.8% |
| Amounts payable within one year | 42/48 | €97,228 | €88,691 | -€8,537 | -8.8% |
| Trade debts | 44 | €2,534 | €11,628 | +€9,094 | +359% |
| Suppliers | 440/4 | €2,534 | €11,628 | +€9,094 | +359% |
| Advances received on contracts in progress | 46 | €49,126 | €27,039 | -€22,087 | -45.0% |
| Taxes, remuneration and social security | 45 | €3,630 | €4,452 | +€822 | +22.6% |
| Taxes | 450/3 | €2,667 | €3,005 | +€338 | +12.7% |
| Remuneration and social security | 454/9 | €964 | €1,447 | +€483 | +50.2% |
| Other amounts payable | 47/48 | €41,938 | €45,573 | +€3,635 | +8.7% |
| Remuneration, social security and pensions | 62 | €14,655 | €18,269 | +€3,613 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,642 | €11,471 | -€171 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €125 | - | -€125 | |
| Other operating charges | 640/8 | €416 | €1,955 | +€1,539 | +370% |
| Gross operating margin | 9900 | -€7,667 | €49,898 | +€57,565 | |
| Operating profit (loss) | 9901 | -€34,506 | €18,203 | +€52,709 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -99.3% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -99.3% |
| Financial charges | 65/66B | €299 | €364 | +€65 | +21.7% |
| Recurring financial charges | 65 | €299 | €364 | +€65 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | -€34,799 | €17,840 | +€52,639 | |
| Income taxes | 67/77 | -€104 | - | +€104 | |
| Profit (loss) for the period | 9904 | -€34,695 | €17,840 | +€52,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,695 | €17,840 | +€52,535 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.