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.
What changed
TAN
NACE 47.279, Other retail sale of food
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€113
2024 · -€25,537+€25,423
Equity
€410,466
2024 · €425,872-€15,406
Cash
€30,390
2024 · €60,860-€30,470
Balance sheet total
€652,083
2024 · €699,879-€47,795
Largest movements
Assets
- Cash -€30,470
down €30,470 (-50.1%), from €60,860 to €30,390
mainly Investment in fixed assets (net) (-€50,375) and Debts after one year (-€19,333)
- Stocks and contracts -€15,782
down €15,782 (-10.6%), from €148,337 to €132,554
- Receivables after one year -€7,380
down €7,380 (-5.1%), from €143,320 to €135,940
Equity and liabilities
- Debts after one year -€19,333
down €19,333 (-28.6%), from €67,528 to €48,195
- Investment grants -€15,292
down €15,292 (-21.0%), from €72,899 to €57,607
Income statement
- Staff costs -€33,882
down €33,882 (-13.6%), from €249,069 to €215,186
- Gross operating margin -€10,077
down €10,077 (-3.7%), from €271,347 to €261,271
- Depreciation -€4,510
down €4,510 (-8.8%), from €51,234 to €46,724
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.
Result 2024
-€25,537
Gross operating margin
-€10,077
Staff costs
+€33,882
Depreciation
+€4,510
Other operating charges
-€329
Financial income
-€616
Financial charges
-€1,752
Taxes
-€195
Result 2025
-€113
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.
From operations
+€55,889
Investment
-€50,375
Financing
-€35,984
Cash 2024
€60,860
From operations (derived)
+€55,889
Net result for the year
-€113
Depreciation
+€46,724
Receivables after one year
+€7,380
Stocks and contracts
+€15,782
Receivables within one year
+€607
Deferred charges and accrued income
-€2,792
Trade debts
-€4,782
Tax, wage and social debts
-€6,941
Accrued charges and deferred income
+€24
Investment (derived)
-€50,375
Investment in fixed assets (net)
-€50,375
Financing
-€35,984
Debts after one year
-€19,333
Current portion of long-term debt
-€1,359
Contributions, distributions and other
-€15,292
Cash 2025
€30,390
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €699,879 | €652,083 | -€47,795 | -6.8% |
| Fixed assets | 21/28 | €322,588 | €326,239 | +€3,651 | +1.1% |
| Intangible fixed assets | 21 | - | €795 | +€795 | |
| Tangible fixed assets | 22/27 | €195,806 | €198,661 | +€2,856 | +1.5% |
| Plant, machinery and equipment | 23 | €44,063 | €32,541 | -€11,523 | -26.2% |
| Furniture and vehicles | 24 | €151,743 | €166,121 | +€14,378 | +9.5% |
| Financial fixed assets | 28 | €126,782 | €126,782 | = | 0.0% |
| Current assets | 29/58 | €377,291 | €325,845 | -€51,446 | -13.6% |
| Amounts receivable after more than one year | 29 | €143,320 | €135,940 | -€7,380 | -5.1% |
| Other amounts receivable | 291 | €143,320 | €135,940 | -€7,380 | -5.1% |
| Stocks and contracts in progress | 3 | €148,337 | €132,554 | -€15,782 | -10.6% |
| Stocks | 30/36 | €148,337 | €132,554 | -€15,782 | -10.6% |
| Amounts receivable within one year | 40/41 | €17,336 | €16,729 | -€607 | -3.5% |
| Trade receivables | 40 | €3,781 | €4,642 | +€860 | +22.8% |
| Other amounts receivable | 41 | €13,555 | €12,087 | -€1,467 | -10.8% |
| Cash at bank and in hand | 54/58 | €60,860 | €30,390 | -€30,470 | -50.1% |
| Deferred charges and accrued income | 490/1 | €7,439 | €10,231 | +€2,792 | +37.5% |
| Total equity and liabilities | 10/49 | €699,879 | €652,083 | -€47,795 | -6.8% |
| Equity | 10/15 | €425,872 | €410,466 | -€15,406 | -3.6% |
| Contributions | 10/11 | €70,400 | €70,400 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €263,822 | €263,709 | -€113 | 0.0% |
| Investment grants | 15 | €72,899 | €57,607 | -€15,292 | -21.0% |
| Amounts payable | 17/49 | €274,007 | €241,618 | -€32,390 | -11.8% |
| Amounts payable after more than one year | 17 | €67,528 | €48,195 | -€19,333 | -28.6% |
| Financial debts | 170/4 | €67,528 | €48,195 | -€19,333 | -28.6% |
| Amounts payable within one year | 42/48 | €205,755 | €192,673 | -€13,081 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €43,833 | €42,475 | -€1,359 | -3.1% |
| Trade debts | 44 | €106,048 | €101,267 | -€4,782 | -4.5% |
| Suppliers | 440/4 | €106,048 | €101,267 | -€4,782 | -4.5% |
| Advances received on contracts in progress | 46 | €224 | €224 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €42,019 | €35,078 | -€6,941 | -16.5% |
| Taxes | 450/3 | €4,408 | €1,773 | -€2,635 | -59.8% |
| Remuneration and social security | 454/9 | €37,610 | €33,305 | -€4,306 | -11.4% |
| Other amounts payable | 47/48 | €13,630 | €13,630 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €725 | €749 | +€24 | +3.3% |
| Remuneration, social security and pensions | 62 | €249,069 | €215,186 | -€33,882 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,234 | €46,724 | -€4,510 | -8.8% |
| Other operating charges | 640/8 | €2,305 | €2,634 | +€329 | +14.3% |
| Gross operating margin | 9900 | €271,347 | €261,271 | -€10,077 | -3.7% |
| Operating profit (loss) | 9901 | -€31,260 | -€3,274 | +€27,986 | +89.5% |
| Financial income | 75/76B | €20,129 | €19,513 | -€616 | -3.1% |
| Recurring financial income | 75 | €20,129 | €19,513 | -€616 | -3.1% |
| Financial charges | 65/66B | €14,448 | €16,199 | +€1,752 | +12.1% |
| Recurring financial charges | 65 | €14,448 | €16,199 | +€1,752 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,579 | €39 | +€25,618 | |
| Income taxes | 67/77 | -€42 | €153 | +€195 | |
| Profit (loss) for the period | 9904 | -€25,537 | -€113 | +€25,423 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,537 | -€113 | +€25,423 | +99.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.