TAN-TAN: what changed
Two financial 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-TAN
Largest movements
- Receivables within one year -€978,280
down €978,280 (-53.8%), from €1.8m to €841,003
of which Trade receivables: -€852,981
- Stocks and contracts +€242,770
up €242,770 (+42.0%), from €578,242 to €821,013
- Cash +€184,801
up €184,801 (+108%), from €171,757 to €356,558
mainly Receivables within one year (+€978,280) and Depreciation (+€153,101)
- Profit (loss) carried forward -€240,389
down €240,389 (-14.8%), from €1.6m to €1.4m
- Tax, wage and social debts -€152,369
down €152,369 (-30.7%), from €497,105 to €344,736
of which Taxes: -€120,882
- Trade debts -€149,039
down €149,039 (-23.7%), from €627,596 to €478,557
- Provisions +€100,000
new in 2024: €100,000
- Debts after one year -€59,838
down €59,838 (-10.5%), from €570,418 to €510,580
- Staff costs +€162,696
up €162,696 (+11.8%), from €1.4m to €1.5m
- Financial charges +€146,887
up €146,887 (+435%), from €33,804 to €180,691
of which Non-recurring financial charges: +€143,964
- Other operating charges +€140,234
up €140,234 (+181%), from €77,683 to €217,917
- Taxes -€109,560
down €109,560 (-98.2%), from €111,562 to €2,002
- Gross operating margin -€41,382
down €41,382 (-2.0%), from €2.1m to €2.0m
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,722,161 | €3,200,400 | -€521,761 | -14.0% |
| Fixed assets | 21/28 | €1,145,878 | €1,161,819 | +€15,941 | +1.4% |
| Intangible fixed assets | 21 | €107,562 | €97,812 | -€9,750 | -9.1% |
| Tangible fixed assets | 22/27 | €1,011,816 | €1,033,124 | +€21,307 | +2.1% |
| Land and buildings | 22 | €582,783 | €554,651 | -€28,133 | -4.8% |
| Plant, machinery and equipment | 23 | €125,065 | €113,946 | -€11,119 | -8.9% |
| Furniture and vehicles | 24 | €303,969 | €302,140 | -€1,829 | -0.6% |
| Assets under construction and advance payments | 27 | - | €62,387 | +€62,387 | |
| Financial fixed assets | 28 | €26,500 | €30,884 | +€4,384 | +16.5% |
| Current assets | 29/58 | €2,576,283 | €2,038,580 | -€537,702 | -20.9% |
| Stocks and contracts in progress | 3 | €578,242 | €821,013 | +€242,770 | +42.0% |
| Stocks | 30/36 | €578,242 | €821,013 | +€242,770 | +42.0% |
| Amounts receivable within one year | 40/41 | €1,819,283 | €841,003 | -€978,280 | -53.8% |
| Trade receivables | 40 | €1,579,762 | €726,780 | -€852,981 | -54.0% |
| Other amounts receivable | 41 | €239,522 | €114,223 | -€125,299 | -52.3% |
| Current investments | 50/53 | €7,000 | €19,000 | +€12,000 | +171% |
| Cash at bank and in hand | 54/58 | €171,757 | €356,558 | +€184,801 | +108% |
| Deferred charges and accrued income | 490/1 | - | €1,007 | +€1,007 | |
| Total equity and liabilities | 10/49 | €3,722,161 | €3,200,400 | -€521,761 | -14.0% |
| Equity | 10/15 | €1,868,462 | €1,628,072 | -€240,389 | -12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €221,339 | €221,339 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,339 | €6,339 | = | 0.0% |
| Legal reserve | 130 | €6,339 | €6,339 | = | 0.0% |
| Distributable reserves | 133 | €215,000 | €215,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,628,523 | €1,388,134 | -€240,389 | -14.8% |
| Provisions and deferred taxes | 16 | - | €100,000 | +€100,000 | |
| Provisions for liabilities and charges | 160/5 | - | €100,000 | +€100,000 | |
| Other liabilities and charges | 164/5 | - | €100,000 | +€100,000 | |
| Amounts payable | 17/49 | €1,853,699 | €1,472,327 | -€381,372 | -20.6% |
| Amounts payable after more than one year | 17 | €570,418 | €510,580 | -€59,838 | -10.5% |
| Financial debts | 170/4 | €570,418 | €510,580 | -€59,838 | -10.5% |
| Amounts payable within one year | 42/48 | €1,283,281 | €961,747 | -€321,534 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €158,580 | €138,453 | -€20,127 | -12.7% |
| Trade debts | 44 | €627,596 | €478,557 | -€149,039 | -23.7% |
| Suppliers | 440/4 | €627,596 | €478,557 | -€149,039 | -23.7% |
| Taxes, remuneration and social security | 45 | €497,105 | €344,736 | -€152,369 | -30.7% |
| Taxes | 450/3 | €201,476 | €80,593 | -€120,882 | -60.0% |
| Remuneration and social security | 454/9 | €295,629 | €264,143 | -€31,486 | -10.7% |
| Remuneration, social security and pensions | 62 | €1,381,393 | €1,544,089 | +€162,696 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,322 | €153,101 | -€29,221 | -16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €75,000 | €75,000 | = | 0.0% |
| Other operating charges | 640/8 | €77,683 | €217,917 | +€140,234 | +181% |
| Non-recurring operating charges | 66A | - | €100,000 | +€100,000 | |
| Gross operating margin | 9900 | €2,069,080 | €2,027,698 | -€41,382 | -2.0% |
| Operating profit (loss) | 9901 | €352,682 | -€62,409 | -€415,091 | |
| Financial income | 75/76B | €3,737 | €4,712 | +€975 | +26.1% |
| Recurring financial income | 75 | €3,663 | €4,712 | +€1,050 | +28.7% |
| Non-recurring financial income | 76B | €74 | - | -€74 | |
| Financial charges | 65/66B | €33,804 | €180,691 | +€146,887 | +435% |
| Recurring financial charges | 65 | €33,804 | €36,728 | +€2,923 | +8.6% |
| Non-recurring financial charges | 66B | - | €143,964 | +€143,964 | |
| Profit (loss) for the period before taxes | 9903 | €322,615 | -€238,388 | -€561,003 | |
| Income taxes | 67/77 | €111,562 | €2,002 | -€109,560 | -98.2% |
| Profit (loss) for the period | 9904 | €211,053 | -€240,389 | -€451,442 | |
| Profit (loss) for the period to be appropriated | 9905 | €211,053 | -€240,389 | -€451,442 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.