TANAÏS: 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.
TANAÏS
Largest movements
- Current investments +€160,989
up €160,989 (+53.6%), from €300,556 to €461,544
- Cash -€51,894
down €51,894 (-22.5%), from €230,465 to €178,572
mainly Current investments (-€160,989) and Contributions, distributions and other (-€31,000)
- Tangible fixed assets -€23,843
down €23,843 (-13.9%), from €171,436 to €147,593
of which Plant, machinery and equipment: -€14,062
- Receivables after one year -€17,508
down €17,508 (-23.5%), from €74,350 to €56,842
- Stocks and contracts -€10,245
down €10,245 (-9.7%), from €105,114 to €94,868
- Trade debts +€39,769
up €39,769 (+79.4%), from €50,099 to €89,867
- Reserves +€26,650
up €26,650 (+3.7%), from €717,166 to €743,816
of which Distributable reserves: +€55,000
- Gross operating margin -€21,041
down €21,041 (-14.8%), from €142,262 to €121,221
- Depreciation +€4,171
up €4,171 (+10.0%), from €41,814 to €45,985
- Write-downs +€2,970
up €2,970 (+73.6%), from -€4,035 to -€1,065
- Taxes -€2,771
down €2,771 (-8.5%), from €32,715 to €29,944
- Financial income -€2,271
down €2,271 (-24.4%), from €9,312 to €7,041
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.
Derived cash bridge
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 | €887,818 | €946,321 | +€58,503 | +6.6% |
| Fixed assets | 21/28 | €171,476 | €147,633 | -€23,843 | -13.9% |
| Tangible fixed assets | 22/27 | €171,436 | €147,593 | -€23,843 | -13.9% |
| Plant, machinery and equipment | 23 | €144,683 | €130,621 | -€14,062 | -9.7% |
| Furniture and vehicles | 24 | €26,752 | €16,972 | -€9,780 | -36.6% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €716,342 | €798,688 | +€82,345 | +11.5% |
| Amounts receivable after more than one year | 29 | €74,350 | €56,842 | -€17,508 | -23.5% |
| Other amounts receivable | 291 | €74,350 | €56,842 | -€17,508 | -23.5% |
| Stocks and contracts in progress | 3 | €105,114 | €94,868 | -€10,245 | -9.7% |
| Stocks | 30/36 | €105,114 | €94,868 | -€10,245 | -9.7% |
| Amounts receivable within one year | 40/41 | €1,504 | €2,847 | +€1,343 | +89.3% |
| Trade receivables | 40 | €10 | €1,110 | +€1,099 | +10,550% |
| Other amounts receivable | 41 | €1,494 | €1,737 | +€243 | +16.3% |
| Current investments | 50/53 | €300,556 | €461,544 | +€160,989 | +53.6% |
| Cash at bank and in hand | 54/58 | €230,465 | €178,572 | -€51,894 | -22.5% |
| Deferred charges and accrued income | 490/1 | €4,353 | €4,015 | -€338 | -7.8% |
| Total equity and liabilities | 10/49 | €887,818 | €946,321 | +€58,503 | +6.6% |
| Equity | 10/15 | €738,952 | €765,456 | +€26,504 | +3.6% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Reserves | 13 | €717,166 | €743,816 | +€26,650 | +3.7% |
| Tax-exempt reserves | 132 | €109,833 | €81,484 | -€28,350 | -25.8% |
| Distributable reserves | 133 | €607,333 | €662,333 | +€55,000 | +9.1% |
| Profit (loss) carried forward | 14 | €886 | €740 | -€146 | -16.5% |
| Provisions and deferred taxes | 16 | €27,458 | €20,371 | -€7,087 | -25.8% |
| Deferred taxes | 168 | €27,458 | €20,371 | -€7,087 | -25.8% |
| Amounts payable | 17/49 | €121,407 | €160,494 | +€39,087 | +32.2% |
| Amounts payable within one year | 42/48 | €121,407 | €160,494 | +€39,087 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €50,099 | €89,867 | +€39,769 | +79.4% |
| Suppliers | 440/4 | €50,099 | €89,867 | +€39,769 | +79.4% |
| Taxes, remuneration and social security | 45 | €70,616 | €69,888 | -€728 | -1.0% |
| Taxes | 450/3 | €70,616 | €69,888 | -€728 | -1.0% |
| Other amounts payable | 47/48 | €692 | €739 | +€46 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,814 | €45,985 | +€4,171 | +10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,035 | -€1,065 | +€2,970 | +73.6% |
| Other operating charges | 640/8 | €814 | €771 | -€43 | -5.3% |
| Gross operating margin | 9900 | €142,262 | €121,221 | -€21,041 | -14.8% |
| Operating profit (loss) | 9901 | €103,669 | €75,530 | -€28,139 | -27.1% |
| Financial income | 75/76B | €9,312 | €7,041 | -€2,271 | -24.4% |
| Recurring financial income | 75 | €9,312 | €7,041 | -€2,271 | -24.4% |
| Financial charges | 65/66B | €1,092 | €2,211 | +€1,119 | +102% |
| Recurring financial charges | 65 | €1,092 | €2,211 | +€1,119 | +102% |
| Profit (loss) for the period before taxes | 9903 | €111,889 | €80,360 | -€31,529 | -28.2% |
| Transfer from deferred taxes | 780 | €6,735 | €7,087 | +€353 | +5.2% |
| Income taxes | 67/77 | €32,715 | €29,944 | -€2,771 | -8.5% |
| Profit (loss) for the period | 9904 | €85,909 | €57,504 | -€28,405 | -33.1% |
| Transfer from tax-exempt reserves | 789 | €26,938 | €28,350 | +€1,411 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €112,847 | €85,854 | -€26,994 | -23.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.