TABNRG: 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.
TABNRG
Largest movements
- Cash +€2.2m
up €2.2m (+1836.2%), from €118,462 to €2.3m
mainly Depreciation (+€2.1m) and Net result for the year (+€1.7m)
- Tangible fixed assets -€2.1m
down €2.1m (-13.2%), from €15.9m to €13.8m
of which Plant, machinery and equipment: -€1.1m
- Receivables within one year -€1.1m
down €1.1m (-30.0%), from €3.6m to €2.5m
of which Other amounts receivable: -€1.0m
- Debts after one year -€918,855
down €918,855 (-7.5%), from €12.3m to €11.4m
- Other debts +€809,274
up €809,274 (+54.0%), from €1.5m to €2.3m
- Profit (loss) carried forward -€597,094
down €597,094 (-19.2%), from €3.1m to €2.5m
- Tax, wage and social debts -€206,742
down €206,742 (-67.2%), from €307,756 to €101,015
- Gross operating margin +€1.1m
up €1.1m (+36.4%), from €3.1m to €4.2m
- Depreciation +€497,245
up €497,245 (+31.3%), from €1.6m to €2.1m
- Financial charges -€255,967
down €255,967 (-40.3%), from €634,503 to €378,537
- Financial income -€79,528
down €79,528 (-30.7%), from €258,685 to €179,158
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 | €20,268,577 | €19,149,031 | -€1.1m | -5.5% |
| Fixed assets | 21/28 | €15,850,796 | €13,763,915 | -€2.1m | -13.2% |
| Tangible fixed assets | 22/27 | €15,850,796 | €13,763,915 | -€2.1m | -13.2% |
| Land and buildings | 22 | €119,396 | €99,711 | -€19,685 | -16.5% |
| Plant, machinery and equipment | 23 | €1,906,141 | €792,411 | -€1.1m | -58.4% |
| Leasing and similar rights | 25 | €13,825,259 | €12,871,793 | -€953,466 | -6.9% |
| Current assets | 29/58 | €4,417,781 | €5,385,116 | +€967,335 | +21.9% |
| Amounts receivable within one year | 40/41 | €3,590,382 | €2,513,395 | -€1.1m | -30.0% |
| Trade receivables | 40 | €2,365,140 | €2,302,931 | -€62,209 | -2.6% |
| Other amounts receivable | 41 | €1,225,242 | €210,465 | -€1.0m | -82.8% |
| Current investments | 50/53 | €409,623 | €409,454 | -€169 | 0.0% |
| Cash at bank and in hand | 54/58 | €118,462 | €2,293,674 | +€2.2m | +1836.2% |
| Deferred charges and accrued income | 490/1 | €299,315 | €168,593 | -€130,722 | -43.7% |
| Total equity and liabilities | 10/49 | €20,268,577 | €19,149,031 | -€1.1m | -5.5% |
| Equity | 10/15 | €4,316,763 | €3,563,100 | -€753,663 | -17.5% |
| Contributions | 10/11 | €52,940 | €52,940 | = | 0.0% |
| Reserves | 13 | €953,450 | €953,450 | = | 0.0% |
| Tax-exempt reserves | 132 | €947,250 | €947,250 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,115,836 | €2,518,741 | -€597,094 | -19.2% |
| Investment grants | 15 | €194,537 | €37,969 | -€156,569 | -80.5% |
| Provisions and deferred taxes | 16 | €530,622 | €591,048 | +€60,427 | +11.4% |
| Provisions for liabilities and charges | 160/5 | €530,622 | €591,048 | +€60,427 | +11.4% |
| Major repairs and maintenance | 162 | €530,622 | €591,048 | +€60,427 | +11.4% |
| Amounts payable | 17/49 | €15,421,192 | €14,994,883 | -€426,309 | -2.8% |
| Amounts payable after more than one year | 17 | €12,317,842 | €11,398,987 | -€918,855 | -7.5% |
| Financial debts | 170/4 | €12,317,842 | €11,398,987 | -€918,855 | -7.5% |
| Amounts payable within one year | 42/48 | €3,073,351 | €3,540,378 | +€467,027 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €841,474 | €841,474 | +€0 | 0.0% |
| Trade debts | 44 | €424,120 | €288,616 | -€135,505 | -31.9% |
| Suppliers | 440/4 | €424,120 | €288,616 | -€135,505 | -31.9% |
| Taxes, remuneration and social security | 45 | €307,756 | €101,015 | -€206,742 | -67.2% |
| Taxes | 450/3 | €307,756 | €101,015 | -€206,742 | -67.2% |
| Other amounts payable | 47/48 | €1,500,000 | €2,309,274 | +€809,274 | +54.0% |
| Accrued charges and deferred income | 492/3 | €30,000 | €55,518 | +€25,518 | +85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,589,636 | €2,086,881 | +€497,245 | +31.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €49,097 | €60,427 | +€11,330 | +23.1% |
| Other operating charges | 640/8 | €115,181 | €104,824 | -€10,357 | -9.0% |
| Gross operating margin | 9900 | €3,057,520 | €4,171,559 | +€1.1m | +36.4% |
| Operating profit (loss) | 9901 | €1,303,606 | €1,919,428 | +€615,822 | +47.2% |
| Financial income | 75/76B | €258,685 | €179,158 | -€79,528 | -30.7% |
| Recurring financial income | 75 | €258,685 | €179,158 | -€79,528 | -30.7% |
| Financial charges | 65/66B | €634,503 | €378,537 | -€255,967 | -40.3% |
| Recurring financial charges | 65 | €634,503 | €378,537 | -€255,967 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €927,788 | €1,720,049 | +€792,261 | +85.4% |
| Income taxes | 67/77 | - | €7,869 | +€7,869 | |
| Profit (loss) for the period | 9904 | €927,788 | €1,712,179 | +€784,391 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €927,788 | €1,712,179 | +€784,391 | +84.5% |
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 9 October 2026 via checked.be.