TANBE: 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
TANBE
NACE 47.770, Retail sale of watches and jewellery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€573,157
2024 · €516,486-€1.1m
Equity
€2.3m
2024 · €3.2m-€973,157
Cash
€1.1m
2024 · €439,436+€654,278
Balance sheet total
€8.0m
2024 · €7.3m+€665,649
Largest movements
Assets
- Financial fixed assets -€2.3m
down €2.3m (-97.3%), from €2.4m to €65,969
of which Affiliated companies: -€2.3m
- Intangible fixed assets +€1.0m
up €1.0m (+3551.3%), from €29,215 to €1.1m
- Receivables within one year +€891,368
up €891,368 (+93.9%), from €948,971 to €1.8m
of which Other amounts receivable: +€759,956
- Cash +€654,278
up €654,278 (+148.9%), from €439,436 to €1.1m
mainly Depreciation (+€722,257) and Short-term financial debts (+€531,843)
- Deferred charges and accrued income +€160,199
up €160,199 (+61.4%), from €260,907 to €421,106
Equity and liabilities
- Reserves -€973,157
down €973,157 (-30.5%), from €3.2m to €2.2m
of which Distributable reserves: -€973,157
- Short-term financial debts +€531,843
up €531,843 (+36.2%), from €1.5m to €2.0m
- Debts after one year +€462,500
up €462,500 (+59.7%), from €775,000 to €1.2m
- Tax, wage and social debts +€452,530
up €452,530 (+91.8%), from €492,962 to €945,492
of which Remuneration and social security: +€227,117
- Current portion of long-term debt +€150,000
up €150,000 (+150.0%), from €100,000 to €250,000
Income statement
- Turnover +€2.7m
up €2.7m (+26.2%), from €10.3m to €13.0m
- Staff costs +€1.9m
up €1.9m (+57.4%), from €3.3m to €5.2m
- Services and other goods +€1.5m
up €1.5m (+37.3%), from €4.0m to €5.5m
- Goods and materials -€363,921
down €363,921 (-12.4%), from €2.9m to €2.6m
of which Purchases: -€346,863
- Financial income -€350,771
down €350,771 (-85.6%), from €409,909 to €59,138
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
€516,486
Turnover
+€2.7m
Other operating income
-€198,169
Goods and materials
+€363,921
Services and other goods
-€1.5m
Staff costs
-€1.9m
Depreciation
-€286,778
Other operating charges
-€6,266
Financial income
-€350,771
Financial charges
-€63
Taxes
+€68,546
Result 2025
-€573,157
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
-€511,474
Investment
+€421,409
Financing
+€744,343
Cash 2024
€439,436
From operations (derived)
-€511,474
Net result for the year
-€573,157
Depreciation
+€722,257
Stocks and contracts
-€103,470
Receivables within one year
-€891,368
Deferred charges and accrued income
-€160,199
Trade debts
-€57,089
Tax, wage and social debts
+€452,530
Advances received
+€117,911
Other debts
-€18,415
Accrued charges and deferred income
-€474
Investment (derived)
+€421,409
Investment in fixed assets (net)
+€421,409
Financing
+€744,343
Debts after one year
+€462,500
Current portion of long-term debt
+€150,000
Short-term financial debts
+€531,843
Contributions, distributions and other
-€400,000
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,330,956 | €7,996,605 | +€665,649 | +9.1% |
| Fixed assets | 21/28 | €4,122,089 | €2,978,423 | -€1.1m | -27.7% |
| Intangible fixed assets | 21 | €29,215 | €1,066,731 | +€1.0m | +3551.3% |
| Tangible fixed assets | 22/27 | €1,688,195 | €1,845,724 | +€157,528 | +9.3% |
| Land and buildings | 22 | €536,556 | €473,518 | -€63,038 | -11.7% |
| Plant, machinery and equipment | 23 | €1,141,461 | €1,370,903 | +€229,443 | +20.1% |
| Furniture and vehicles | 24 | €10,179 | €1,302 | -€8,877 | -87.2% |
| Financial fixed assets | 28 | €2,404,679 | €65,969 | -€2.3m | -97.3% |
| Affiliated companies | 280/1 | €2,348,301 | €0 | -€2.3m | -100.0% |
| Participating interests | 280 | €2,348,301 | €0 | -€2.3m | -100.0% |
| Other financial fixed assets | 284/8 | €56,378 | €65,969 | +€9,591 | +17.0% |
| Shares | 284 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €43,878 | €53,469 | +€9,591 | +21.9% |
| Current assets | 29/58 | €3,208,867 | €5,018,182 | +€1.8m | +56.4% |
| Stocks and contracts in progress | 3 | €1,559,553 | €1,663,023 | +€103,470 | +6.6% |
| Stocks | 30/36 | €1,559,553 | €1,663,023 | +€103,470 | +6.6% |
| Goods purchased for resale | 34 | €1,559,553 | €1,663,023 | +€103,470 | +6.6% |
| Amounts receivable within one year | 40/41 | €948,971 | €1,840,339 | +€891,368 | +93.9% |
| Trade receivables | 40 | €657,107 | €788,520 | +€131,413 | +20.0% |
| Other amounts receivable | 41 | €291,864 | €1,051,819 | +€759,956 | +260.4% |
| Cash at bank and in hand | 54/58 | €439,436 | €1,093,714 | +€654,278 | +148.9% |
| Deferred charges and accrued income | 490/1 | €260,907 | €421,106 | +€160,199 | +61.4% |
| Total equity and liabilities | 10/49 | €7,330,956 | €7,996,605 | +€665,649 | +9.1% |
| Equity | 10/15 | €3,232,743 | €2,259,587 | -€973,157 | -30.1% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €3,187,743 | €2,214,587 | -€973,157 | -30.5% |
| Tax-exempt reserves | 132 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €3,172,870 | €2,199,713 | -€973,157 | -30.7% |
| Amounts payable | 17/49 | €4,098,213 | €5,737,019 | +€1.6m | +40.0% |
| Amounts payable after more than one year | 17 | €775,000 | €1,237,500 | +€462,500 | +59.7% |
| Financial debts | 170/4 | €775,000 | €1,237,500 | +€462,500 | +59.7% |
| Credit institutions | 173 | €775,000 | €1,237,500 | +€462,500 | +59.7% |
| Amounts payable within one year | 42/48 | €3,321,980 | €4,498,761 | +€1.2m | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €250,000 | +€150,000 | +150.0% |
| Financial debts | 43 | €1,471,100 | €2,002,943 | +€531,843 | +36.2% |
| Credit institutions | 430/8 | €1,471,100 | €2,002,943 | +€531,843 | +36.2% |
| Trade debts | 44 | €537,580 | €480,491 | -€57,089 | -10.6% |
| Suppliers | 440/4 | €537,580 | €480,491 | -€57,089 | -10.6% |
| Advances received on contracts in progress | 46 | €177,135 | €295,046 | +€117,911 | +66.6% |
| Taxes, remuneration and social security | 45 | €492,962 | €945,492 | +€452,530 | +91.8% |
| Taxes | 450/3 | €187,895 | €413,309 | +€225,414 | +120.0% |
| Remuneration and social security | 454/9 | €305,067 | €532,184 | +€227,117 | +74.4% |
| Other amounts payable | 47/48 | €543,203 | €524,788 | -€18,415 | -3.4% |
| Accrued charges and deferred income | 492/3 | €1,232 | €758 | -€474 | -38.5% |
| Operating income | 70/76A | €11,022,294 | €13,512,494 | +€2.5m | +22.6% |
| Turnover | 70 | €10,274,759 | €12,963,129 | +€2.7m | +26.2% |
| Other operating income | 74 | €747,534 | €549,366 | -€198,169 | -26.5% |
| Operating charges | 60/66A | €10,642,412 | €13,939,969 | +€3.3m | +31.0% |
| Goods for resale, raw materials and consumables | 60 | €2,923,869 | €2,559,948 | -€363,921 | -12.4% |
| Purchases | 600/8 | €2,504,471 | €2,157,608 | -€346,863 | -13.8% |
| Change in stocks: decrease (increase) | 609 | €419,398 | €402,340 | -€17,058 | -4.1% |
| Services and other goods | 61 | €3,977,770 | €5,461,338 | +€1.5m | +37.3% |
| Remuneration, social security and pensions | 62 | €3,281,152 | €5,166,018 | +€1.9m | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435,480 | €722,257 | +€286,778 | +65.9% |
| Other operating charges | 640/8 | €24,141 | €30,408 | +€6,266 | +26.0% |
| Operating profit (loss) | 9901 | €379,881 | -€427,474 | -€807,356 | |
| Financial income | 75/76B | €409,909 | €59,138 | -€350,771 | -85.6% |
| Recurring financial income | 75 | €409,909 | €59,138 | -€350,771 | -85.6% |
| Income from current assets | 751 | €1,420 | €28,955 | +€27,535 | +1939.7% |
| Other financial income | 752/9 | €408,489 | €30,183 | -€378,306 | -92.6% |
| Financial charges | 65/66B | €202,516 | €202,579 | +€63 | 0.0% |
| Recurring financial charges | 65 | €202,516 | €202,579 | +€63 | 0.0% |
| Debt charges | 650 | €103,046 | €94,780 | -€8,266 | -8.0% |
| Other financial charges | 652/9 | €99,470 | €107,798 | +€8,329 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €587,274 | -€570,916 | -€1.2m | |
| Income taxes | 67/77 | €70,788 | €2,241 | -€68,546 | -96.8% |
| Taxes | 670/3 | €70,788 | €2,241 | -€68,546 | -96.8% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €516,486 | -€573,157 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €516,486 | -€573,157 | -€1.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.