TANAX: 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.
TANAX
Largest movements
- Receivables within one year -€53,829
down €53,829 (-77.7%), from €69,250 to €15,421
of which Other amounts receivable: -€39,719
- Cash +€5,042
up €5,042 (+99.2%), from €5,080 to €10,122
mainly Receivables within one year (+€53,829) and Tax, wage and social debts (+€19,340)
- Tangible fixed assets -€4,610
down €4,610 (-7.5%), from €61,759 to €57,148
of which Leasing and similar rights: -€4,138
- Deferred charges and accrued income -€3,799
down €3,799 (-86.1%), from €4,414 to €614
- Profit (loss) carried forward -€73,962
new in 2025: -€73,962
- Tax, wage and social debts +€19,340
up €19,340 (+63.1%), from €30,628 to €49,968
of which Remuneration and social security: +€20,466
- Other debts +€17,194
new in 2025: €17,194
- Reserves -€8,261
down €8,261 (-16.1%), from €51,261 to €43,000
- Short-term financial debts -€4,747
down €4,747 (-100%), from €4,747 to €0
- Turnover +€791,805
new in 2025: €791,805
- Purchases and services +€557,153
new in 2025: €557,153
- Staff costs +€57,950
up €57,950 (+23.6%), from €245,453 to €303,403
- Gross operating margin +€18,553
up €18,553 (+8.3%), from €223,388 to €241,941
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 | €162,633 | €104,126 | -€58,507 | -36.0% |
| Fixed assets | 21/28 | €61,759 | €57,148 | -€4,610 | -7.5% |
| Tangible fixed assets | 22/27 | €61,759 | €57,148 | -€4,610 | -7.5% |
| Plant, machinery and equipment | 23 | €13,959 | €12,207 | -€1,752 | -12.5% |
| Furniture and vehicles | 24 | €10,336 | €13,586 | +€3,250 | +31.4% |
| Leasing and similar rights | 25 | €14,431 | €10,294 | -€4,138 | -28.7% |
| Other tangible fixed assets | 26 | €23,033 | €21,062 | -€1,971 | -8.6% |
| Current assets | 29/58 | €100,875 | €46,978 | -€53,897 | -53.4% |
| Stocks and contracts in progress | 3 | €22,131 | €20,821 | -€1,310 | -5.9% |
| Stocks | 30/36 | €22,131 | €20,821 | -€1,310 | -5.9% |
| Amounts receivable within one year | 40/41 | €69,250 | €15,421 | -€53,829 | -77.7% |
| Trade receivables | 40 | €26,462 | €12,352 | -€14,111 | -53.3% |
| Other amounts receivable | 41 | €42,788 | €3,069 | -€39,719 | -92.8% |
| Cash at bank and in hand | 54/58 | €5,080 | €10,122 | +€5,042 | +99.2% |
| Deferred charges and accrued income | 490/1 | €4,414 | €614 | -€3,799 | -86.1% |
| Total equity and liabilities | 10/49 | €162,633 | €104,126 | -€58,507 | -36.0% |
| Equity | 10/15 | €69,853 | -€12,370 | -€82,223 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €51,261 | €43,000 | -€8,261 | -16.1% |
| Distributable reserves | 133 | €51,261 | €43,000 | -€8,261 | -16.1% |
| Profit (loss) carried forward | 14 | - | -€73,962 | -€73,962 | |
| Amounts payable | 17/49 | €92,780 | €116,496 | +€23,717 | +25.6% |
| Amounts payable after more than one year | 17 | €6,088 | €3,429 | -€2,658 | -43.7% |
| Financial debts | 170/4 | €6,088 | €3,429 | -€2,658 | -43.7% |
| Amounts payable within one year | 42/48 | €78,271 | €103,175 | +€24,904 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €5,655 | €2,543 | -€3,113 | -55.0% |
| Financial debts | 43 | €4,747 | €0 | -€4,747 | -100% |
| Credit institutions | 430/8 | €4,747 | €0 | -€4,747 | -100% |
| Trade debts | 44 | €37,041 | €33,471 | -€3,570 | -9.6% |
| Suppliers | 440/4 | €37,041 | €33,471 | -€3,570 | -9.6% |
| Advances received on contracts in progress | 46 | €200 | €0 | -€200 | -100% |
| Taxes, remuneration and social security | 45 | €30,628 | €49,968 | +€19,340 | +63.1% |
| Taxes | 450/3 | €12,815 | €11,688 | -€1,127 | -8.8% |
| Remuneration and social security | 454/9 | €17,813 | €38,280 | +€20,466 | +115% |
| Other amounts payable | 47/48 | - | €17,194 | +€17,194 | |
| Accrued charges and deferred income | 492/3 | €8,421 | €9,892 | +€1,471 | +17.5% |
| Turnover | 70 | - | €791,805 | +€791,805 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €557,153 | +€557,153 | |
| Remuneration, social security and pensions | 62 | €245,453 | €303,403 | +€57,950 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,069 | €12,560 | -€509 | -3.9% |
| Other operating charges | 640/8 | €6,259 | €6,912 | +€653 | +10.4% |
| Gross operating margin | 9900 | €223,388 | €241,941 | +€18,553 | +8.3% |
| Operating profit (loss) | 9901 | -€41,393 | -€80,934 | -€39,541 | -95.5% |
| Financial income | 75/76B | €54 | €1 | -€54 | -99.0% |
| Recurring financial income | 75 | €54 | €1 | -€54 | -99.0% |
| Financial charges | 65/66B | €2,013 | €1,290 | -€723 | -35.9% |
| Recurring financial charges | 65 | €2,013 | €1,290 | -€723 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | -€43,351 | -€82,223 | -€38,872 | -89.7% |
| Profit (loss) for the period | 9904 | -€43,351 | -€82,223 | -€38,872 | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,351 | -€82,223 | -€38,872 | -89.7% |
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 20 October 2026 via checked.be.