TAN: 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.
TAN
Largest movements
- Cash +€445,699
up €445,699 (+29.2%), from €1.5m to €2.0m
mainly Receivables within one year (+€334,511) and Depreciation (+€127,127)
- Receivables within one year -€334,511
down €334,511 (-96.5%), from €346,530 to €12,018
of which Trade receivables: -€341,190
- Tangible fixed assets -€105,979
down €105,979 (-2.6%), from €4.1m to €4.0m
of which Assets under construction and advance payments: -€94,614
No liability line moved by more than 1% of the balance sheet total.
- Other operating income +€38,953
new in 2025: €38,953
- Services and other goods +€25,263
up €25,263 (+17.3%), from €145,646 to €170,909
- Turnover +€13,928
up €13,928 (+4.1%), from €341,190 to €355,118
- Other operating charges +€13,600
up €13,600 (+69.2%), from €19,666 to €33,266
- Depreciation +€3,583
up €3,583 (+2.9%), from €123,545 to €127,127
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 | €5,961,522 | €5,966,700 | +€5,178 | +0.1% |
| Fixed assets | 21/28 | €4,083,768 | €3,977,790 | -€105,979 | -2.6% |
| Tangible fixed assets | 22/27 | €4,083,687 | €3,977,708 | -€105,979 | -2.6% |
| Land and buildings | 22 | €3,422,315 | €3,411,435 | -€10,879 | -0.3% |
| Plant, machinery and equipment | 23 | €758 | €272 | -€485 | -64.0% |
| Other tangible fixed assets | 26 | €566,000 | €566,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €94,614 | - | -€94,614 | |
| Financial fixed assets | 28 | €82 | €82 | = | 0.0% |
| Affiliated companies | 280/1 | €82 | €82 | = | 0.0% |
| Participating interests | 280 | €82 | €82 | = | 0.0% |
| Current assets | 29/58 | €1,877,754 | €1,988,910 | +€111,156 | +5.9% |
| Amounts receivable within one year | 40/41 | €346,530 | €12,018 | -€334,511 | -96.5% |
| Trade receivables | 40 | €341,190 | - | -€341,190 | |
| Other amounts receivable | 41 | €5,339 | €12,018 | +€6,679 | +125.1% |
| Cash at bank and in hand | 54/58 | €1,525,168 | €1,970,866 | +€445,699 | +29.2% |
| Deferred charges and accrued income | 490/1 | €6,057 | €6,026 | -€31 | -0.5% |
| Total equity and liabilities | 10/49 | €5,961,522 | €5,966,700 | +€5,178 | +0.1% |
| Equity | 10/15 | €5,907,121 | €5,936,329 | +€29,208 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,838,921 | €5,868,129 | +€29,208 | +0.5% |
| Amounts payable | 17/49 | €54,401 | €30,371 | -€24,030 | -44.2% |
| Amounts payable within one year | 42/48 | €54,401 | €30,371 | -€24,030 | -44.2% |
| Trade debts | 44 | €46,141 | €5,380 | -€40,761 | -88.3% |
| Suppliers | 440/4 | €46,141 | €5,380 | -€40,761 | -88.3% |
| Taxes, remuneration and social security | 45 | €6,640 | €4,277 | -€2,363 | -35.6% |
| Taxes | 450/3 | €2,510 | - | -€2,510 | |
| Remuneration and social security | 454/9 | €4,130 | €4,277 | +€148 | +3.6% |
| Other amounts payable | 47/48 | €1,620 | €20,713 | +€19,093 | +1178.6% |
| Operating income | 70/76A | €341,190 | €394,071 | +€52,881 | +15.5% |
| Turnover | 70 | €341,190 | €355,118 | +€13,928 | +4.1% |
| Other operating income | 74 | - | €38,953 | +€38,953 | |
| Operating charges | 60/66A | €319,353 | €364,863 | +€45,511 | +14.3% |
| Services and other goods | 61 | €145,646 | €170,909 | +€25,263 | +17.3% |
| Remuneration, social security and pensions | 62 | €30,497 | €33,561 | +€3,064 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,545 | €127,127 | +€3,583 | +2.9% |
| Other operating charges | 640/8 | €19,666 | €33,266 | +€13,600 | +69.2% |
| Operating profit (loss) | 9901 | €21,837 | €29,208 | +€7,370 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €21,837 | €29,208 | +€7,370 | +33.8% |
| Profit (loss) for the period | 9904 | €21,837 | €29,208 | +€7,370 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,837 | €29,208 | +€7,370 | +33.8% |
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 3 October 2026 via checked.be.