Sierra Tango: what changed
Two fiscal 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.
Sierra Tango
Largest movements
- Cash +€144,045
up €144,045 (+157.4%), from €91,487 to €235,532
mainly Net result for the year (+€135,939) and Tax, wage and social debts (+€15,911)
- Financial fixed assets +€24,000
up €24,000 (+128.3%), from €18,700 to €42,700
- Receivables within one year -€7,474
down €7,474 (-33.7%), from €22,178 to €14,704
of which Trade receivables: -€8,035
- Reserves +€136,000
up €136,000 (+117.2%), from €116,000 to €252,000
- Tax, wage and social debts +€15,911
up €15,911 (+88.1%), from €18,059 to €33,970
of which Taxes: +€15,465
- Trade debts +€8,683
up €8,683 (+1169.4%), from €743 to €9,426
- Gross operating margin +€144,925
up €144,925 (+126.3%), from €114,754 to €259,680
- Staff costs +€48,652
up €48,652 (+150.5%), from €32,330 to €80,982
- Taxes +€26,193
up €26,193 (+153.0%), from €17,114 to €43,308
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.
Cash bridge derived
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 | €137,101 | €297,916 | +€160,815 | +117.3% |
| Fixed assets | 21/28 | €22,476 | €45,486 | +€23,010 | +102.4% |
| Intangible fixed assets | 21 | €557 | €488 | -€69 | -12.4% |
| Tangible fixed assets | 22/27 | €3,219 | €2,298 | -€921 | -28.6% |
| Furniture and vehicles | 24 | €3,219 | €2,298 | -€921 | -28.6% |
| Financial fixed assets | 28 | €18,700 | €42,700 | +€24,000 | +128.3% |
| Current assets | 29/58 | €114,625 | €252,429 | +€137,804 | +120.2% |
| Amounts receivable within one year | 40/41 | €22,178 | €14,704 | -€7,474 | -33.7% |
| Trade receivables | 40 | €19,337 | €11,302 | -€8,035 | -41.6% |
| Other amounts receivable | 41 | €2,840 | €3,402 | +€561 | +19.8% |
| Cash at bank and in hand | 54/58 | €91,487 | €235,532 | +€144,045 | +157.4% |
| Deferred charges and accrued income | 490/1 | €960 | €2,194 | +€1,234 | +128.5% |
| Total equity and liabilities | 10/49 | €137,101 | €297,916 | +€160,815 | +117.3% |
| Equity | 10/15 | €117,234 | €253,172 | +€135,939 | +116.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €116,000 | €252,000 | +€136,000 | +117.2% |
| Distributable reserves | 133 | €116,000 | €252,000 | +€136,000 | +117.2% |
| Profit (loss) carried forward | 14 | €734 | €672 | -€61 | -8.3% |
| Amounts payable | 17/49 | €19,868 | €44,743 | +€24,876 | +125.2% |
| Amounts payable within one year | 42/48 | €19,868 | €44,743 | +€24,876 | +125.2% |
| Financial debts | 43 | €1,067 | €1,348 | +€281 | +26.4% |
| Credit institutions | 430/8 | €1,067 | €1,348 | +€281 | +26.4% |
| Trade debts | 44 | €743 | €9,426 | +€8,683 | +1169.4% |
| Suppliers | 440/4 | €743 | €9,426 | +€8,683 | +1169.4% |
| Taxes, remuneration and social security | 45 | €18,059 | €33,970 | +€15,911 | +88.1% |
| Taxes | 450/3 | €17,876 | €33,340 | +€15,465 | +86.5% |
| Remuneration and social security | 454/9 | €183 | €629 | +€446 | +243.8% |
| Remuneration, social security and pensions | 62 | €32,330 | €80,982 | +€48,652 | +150.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €624 | €1,443 | +€820 | +131.4% |
| Other operating charges | 640/8 | €200 | - | -€200 | |
| Gross operating margin | 9900 | €114,754 | €259,680 | +€144,925 | +126.3% |
| Operating profit (loss) | 9901 | €81,600 | €177,254 | +€95,654 | +117.2% |
| Financial income | 75/76B | €1,011 | €2,300 | +€1,290 | +127.6% |
| Recurring financial income | 75 | €1,011 | €2,300 | +€1,290 | +127.6% |
| Financial charges | 65/66B | €130 | €308 | +€178 | +136.5% |
| Recurring financial charges | 65 | €130 | €308 | +€178 | +136.5% |
| Profit (loss) for the period before taxes | 9903 | €82,481 | €179,246 | +€96,766 | +117.3% |
| Income taxes | 67/77 | €17,114 | €43,308 | +€26,193 | +153.0% |
| Profit (loss) for the period | 9904 | €65,366 | €135,939 | +€70,572 | +108.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,366 | €135,939 | +€70,572 | +108.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.