RIHON TANGUY: 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.
RIHON TANGUY
Largest movements
- Cash +€49,470
up €49,470 (+80.8%), from €61,217 to €110,687
mainly Net result for the year (+€84,653) and Depreciation (+€24,024)
- Receivables within one year +€20,286
up €20,286 (+20.0%), from €101,574 to €121,860
of which Other amounts receivable: +€20,286
- Tangible fixed assets -€12,390
down €12,390 (-10.0%), from €124,175 to €111,784
of which Furniture and vehicles: -€10,014
- Reserves +€84,653
up €84,653 (+63.7%), from €132,903 to €217,556
- Debts after one year -€14,497
down €14,497 (-100%), from €14,497 to €0
- Trade debts -€6,132
down €6,132 (-54.4%), from €11,262 to €5,131
- Tax, wage and social debts -€4,110
down €4,110 (-17.3%), from €23,692 to €19,582
of which Taxes: -€4,621
- Gross operating margin +€6,477
up €6,477 (+3.7%), from €177,143 to €183,620
- Taxes +€2,551
up €2,551 (+7.9%), from €32,418 to €34,969
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 | €286,965 | €345,887 | +€58,922 | +20.5% |
| Fixed assets | 21/28 | €124,175 | €111,784 | -€12,390 | -10.0% |
| Tangible fixed assets | 22/27 | €124,175 | €111,784 | -€12,390 | -10.0% |
| Land and buildings | 22 | €87,284 | €85,269 | -€2,015 | -2.3% |
| Plant, machinery and equipment | 23 | €1,086 | €725 | -€361 | -33.3% |
| Furniture and vehicles | 24 | €35,806 | €25,791 | -€10,014 | -28.0% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €162,790 | €234,102 | +€71,312 | +43.8% |
| Amounts receivable within one year | 40/41 | €101,574 | €121,860 | +€20,286 | +20.0% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €101,574 | €121,860 | +€20,286 | +20.0% |
| Cash at bank and in hand | 54/58 | €61,217 | €110,687 | +€49,470 | +80.8% |
| Deferred charges and accrued income | 490/1 | - | €1,556 | +€1,556 | |
| Total equity and liabilities | 10/49 | €286,965 | €345,887 | +€58,922 | +20.5% |
| Equity | 10/15 | €220,762 | €305,415 | +€84,653 | +38.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €132,903 | €217,556 | +€84,653 | +63.7% |
| Distributable reserves | 133 | €132,903 | €217,556 | +€84,653 | +63.7% |
| Profit (loss) carried forward | 14 | €75,459 | €75,459 | = | 0.0% |
| Amounts payable | 17/49 | €66,203 | €40,472 | -€25,731 | -38.9% |
| Amounts payable after more than one year | 17 | €14,497 | €0 | -€14,497 | -100% |
| Financial debts | 170/4 | €14,497 | €0 | -€14,497 | -100% |
| Amounts payable within one year | 42/48 | €51,706 | €39,210 | -€12,497 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €16,752 | €14,497 | -€2,256 | -13.5% |
| Trade debts | 44 | €11,262 | €5,131 | -€6,132 | -54.4% |
| Suppliers | 440/4 | €11,262 | €5,131 | -€6,132 | -54.4% |
| Taxes, remuneration and social security | 45 | €23,692 | €19,582 | -€4,110 | -17.3% |
| Taxes | 450/3 | €14,331 | €9,710 | -€4,621 | -32.2% |
| Remuneration and social security | 454/9 | €9,361 | €9,873 | +€512 | +5.5% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €1,262 | +€1,262 | |
| Remuneration, social security and pensions | 62 | €38,033 | €39,450 | +€1,418 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,587 | €24,024 | +€437 | +1.9% |
| Other operating charges | 640/8 | €2,128 | €1,721 | -€407 | -19.1% |
| Gross operating margin | 9900 | €177,143 | €183,620 | +€6,477 | +3.7% |
| Operating profit (loss) | 9901 | €113,396 | €118,424 | +€5,029 | +4.4% |
| Financial income | 75/76B | €1,032 | €1,747 | +€716 | +69.4% |
| Recurring financial income | 75 | €1,032 | €1,747 | +€716 | +69.4% |
| Financial charges | 65/66B | €1,231 | €550 | -€681 | -55.3% |
| Recurring financial charges | 65 | €1,231 | €550 | -€681 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €113,196 | €119,622 | +€6,425 | +5.7% |
| Income taxes | 67/77 | €32,418 | €34,969 | +€2,551 | +7.9% |
| Profit (loss) for the period | 9904 | €80,779 | €84,653 | +€3,874 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,779 | €84,653 | +€3,874 | +4.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.