TANARIS: 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.
TANARIS
Largest movements
- Cash +€52,759
up €52,759 (+36.0%), from €146,369 to €199,128
mainly Net result for the year (+€58,654) and Depreciation (+€41,728)
- Tangible fixed assets -€41,728
down €41,728 (-3.1%), from €1.3m to €1.3m
of which Land and buildings: -€38,450
- Receivables within one year -€19,301
down €19,301 (-28.3%), from €68,228 to €48,927
of which Trade receivables: -€13,988
- Profit (loss) carried forward +€58,654
up €58,654 (+77.9%), from €75,257 to €133,912
- Other debts -€35,348
down €35,348 (-2.5%), from €1.4m to €1.4m
- Advances received -€31,500
no longer reported in 2024 (was €31,500)
- Gross operating margin +€60,341
up €60,341 (+96.3%), from €62,637 to €122,977
- Staff costs -€27,767
down €27,767 (-61.2%), from €45,355 to €17,588
- Depreciation -€3,988
down €3,988 (-8.7%), from €45,717 to €41,728
- Financial charges -€2,551
down €2,551 (-67.7%), from €3,767 to €1,216
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.
Cash bridge derived
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 | €1,553,744 | €1,544,706 | -€9,038 | -0.6% |
| Fixed assets | 21/28 | €1,338,207 | €1,296,478 | -€41,728 | -3.1% |
| Tangible fixed assets | 22/27 | €1,338,207 | €1,296,478 | -€41,728 | -3.1% |
| Land and buildings | 22 | €278,539 | €240,089 | -€38,450 | -13.8% |
| Plant, machinery and equipment | 23 | €452 | €151 | -€301 | -66.7% |
| Furniture and vehicles | 24 | €8,866 | €5,888 | -€2,977 | -33.6% |
| Other tangible fixed assets | 26 | €1,050,350 | €1,050,350 | = | 0.0% |
| Current assets | 29/58 | €215,537 | €248,227 | +€32,690 | +15.2% |
| Amounts receivable within one year | 40/41 | €68,228 | €48,927 | -€19,301 | -28.3% |
| Trade receivables | 40 | €48,881 | €34,893 | -€13,988 | -28.6% |
| Other amounts receivable | 41 | €19,346 | €14,033 | -€5,313 | -27.5% |
| Cash at bank and in hand | 54/58 | €146,369 | €199,128 | +€52,759 | +36.0% |
| Deferred charges and accrued income | 490/1 | €940 | €173 | -€767 | -81.6% |
| Total equity and liabilities | 10/49 | €1,553,744 | €1,544,706 | -€9,038 | -0.6% |
| Equity | 10/15 | €83,317 | €141,972 | +€58,654 | +70.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,257 | €133,912 | +€58,654 | +77.9% |
| Amounts payable | 17/49 | €1,470,427 | €1,402,734 | -€67,692 | -4.6% |
| Amounts payable within one year | 42/48 | €1,470,427 | €1,402,734 | -€67,692 | -4.6% |
| Trade debts | 44 | €32,500 | €31,814 | -€686 | -2.1% |
| Suppliers | 440/4 | €32,500 | €31,814 | -€686 | -2.1% |
| Advances received on contracts in progress | 46 | €31,500 | - | -€31,500 | |
| Taxes, remuneration and social security | 45 | €1,015 | €857 | -€158 | -15.6% |
| Taxes | 450/3 | €178 | €150 | -€28 | -15.5% |
| Remuneration and social security | 454/9 | €837 | €706 | -€131 | -15.6% |
| Other amounts payable | 47/48 | €1,405,411 | €1,370,063 | -€35,348 | -2.5% |
| Remuneration, social security and pensions | 62 | €45,355 | €17,588 | -€27,767 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,717 | €41,728 | -€3,988 | -8.7% |
| Other operating charges | 640/8 | €3,686 | €3,790 | +€104 | +2.8% |
| Gross operating margin | 9900 | €62,637 | €122,977 | +€60,341 | +96.3% |
| Operating profit (loss) | 9901 | -€32,121 | €59,871 | +€91,992 | |
| Financial income | 75/76B | €286 | €67 | -€219 | -76.5% |
| Recurring financial income | 75 | €286 | €67 | -€219 | -76.5% |
| Financial charges | 65/66B | €3,767 | €1,216 | -€2,551 | -67.7% |
| Recurring financial charges | 65 | €3,767 | €1,216 | -€2,551 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,602 | €58,722 | +€94,324 | |
| Income taxes | 67/77 | €69 | €68 | -€1 | -0.8% |
| Profit (loss) for the period | 9904 | -€35,670 | €58,654 | +€94,325 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,670 | €58,654 | +€94,325 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.