TAGANA: 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.
TAGANA
Largest movements
- Receivables within one year +€32,657
up €32,657 (+101.9%), from €32,048 to €64,705
- Tangible fixed assets -€22,952
down €22,952 (-18.3%), from €125,156 to €102,204
of which Land and buildings: -€13,522
- Cash +€10,850
up €10,850 (+1251.5%), from €867 to €11,717
mainly Net result for the year (+€55,489) and Trade debts (+€27,603)
- Profit (loss) carried forward +€55,489
up €55,489 (+72.7%), from -€76,294 to -€20,805
- Other debts -€45,234
down €45,234 (-27.8%), from €162,499 to €117,266
- Trade debts +€27,603
up €27,603 (+2080.9%), from €1,327 to €28,929
- Debts after one year -€21,923
down €21,923 (-92.1%), from €23,791 to €1,869
- Tax, wage and social debts +€3,323
up €3,323 (+59.8%), from €5,557 to €8,880
- Gross operating margin +€12,261
up €12,261 (+17.0%), from €72,323 to €84,583
- Depreciation +€3,966
up €3,966 (+20.4%), from €19,473 to €23,439
- Financial charges -€860
down €860 (-34.2%), from €2,517 to €1,657
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 | €158,745 | €179,305 | +€20,560 | +13.0% |
| Fixed assets | 21/28 | €125,156 | €102,204 | -€22,952 | -18.3% |
| Tangible fixed assets | 22/27 | €125,156 | €102,204 | -€22,952 | -18.3% |
| Land and buildings | 22 | €81,132 | €67,610 | -€13,522 | -16.7% |
| Plant, machinery and equipment | 23 | €2,069 | €2,077 | +€8 | +0.4% |
| Furniture and vehicles | 24 | €41,955 | €32,517 | -€9,438 | -22.5% |
| Current assets | 29/58 | €33,589 | €77,102 | +€43,513 | +129.5% |
| Amounts receivable within one year | 40/41 | €32,048 | €64,705 | +€32,657 | +101.9% |
| Trade receivables | 40 | €32,048 | €64,705 | +€32,657 | +101.9% |
| Cash at bank and in hand | 54/58 | €867 | €11,717 | +€10,850 | +1251.5% |
| Deferred charges and accrued income | 490/1 | €674 | €680 | +€6 | +1.0% |
| Total equity and liabilities | 10/49 | €158,745 | €179,305 | +€20,560 | +13.0% |
| Equity | 10/15 | -€55,834 | -€345 | +€55,489 | +99.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,294 | -€20,805 | +€55,489 | +72.7% |
| Amounts payable | 17/49 | €214,580 | €179,651 | -€34,929 | -16.3% |
| Amounts payable after more than one year | 17 | €23,791 | €1,869 | -€21,923 | -92.1% |
| Financial debts | 170/4 | €23,791 | €1,869 | -€21,923 | -92.1% |
| Amounts payable within one year | 42/48 | €190,404 | €176,998 | -€13,406 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €21,021 | €21,923 | +€902 | +4.3% |
| Trade debts | 44 | €1,327 | €28,929 | +€27,603 | +2080.9% |
| Suppliers | 440/4 | €1,327 | €28,929 | +€27,603 | +2080.9% |
| Taxes, remuneration and social security | 45 | €5,557 | €8,880 | +€3,323 | +59.8% |
| Taxes | 450/3 | €5,557 | €8,880 | +€3,323 | +59.8% |
| Other amounts payable | 47/48 | €162,499 | €117,266 | -€45,234 | -27.8% |
| Accrued charges and deferred income | 492/3 | €384 | €784 | +€400 | +104.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,473 | €23,439 | +€3,966 | +20.4% |
| Other operating charges | 640/8 | €3,744 | €3,816 | +€73 | +1.9% |
| Gross operating margin | 9900 | €72,323 | €84,583 | +€12,261 | +17.0% |
| Operating profit (loss) | 9901 | €49,107 | €57,328 | +€8,221 | +16.7% |
| Financial charges | 65/66B | €2,517 | €1,657 | -€860 | -34.2% |
| Recurring financial charges | 65 | €2,517 | €1,657 | -€860 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €46,590 | €55,671 | +€9,081 | +19.5% |
| Income taxes | 67/77 | €106 | €182 | +€76 | +72.0% |
| Profit (loss) for the period | 9904 | €46,484 | €55,489 | +€9,005 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,484 | €55,489 | +€9,005 | +19.4% |
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 8 October 2026 via checked.be.