TANCREDE: 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.
TANCREDE
Largest movements
- Cash +€16,175
up €16,175 (+50.3%), from €32,165 to €48,340
mainly Net result for the year (+€73,846) and Other debts (+€9,846)
- Tangible fixed assets -€5,403
down €5,403 (-37.5%), from €14,390 to €8,987
of which Furniture and vehicles: -€5,048
- Receivables within one year -€2,139
down €2,139 (-7.3%), from €29,400 to €27,261
of which Other amounts receivable: -€15,928
- Other debts +€9,846
up €9,846 (+15.4%), from €64,000 to €73,846
- Trade debts -€1,997
down €1,997 (-76.9%), from €2,596 to €600
- Tax, wage and social debts +€1,219
up €1,219 (+22.3%), from €5,477 to €6,696
- Gross operating margin +€38,906
up €38,906 (+57.3%), from €67,884 to €106,791
- Taxes +€27,128
up €27,128 (+13106.1%), from €207 to €27,335
- Depreciation +€2,110
up €2,110 (+64.1%), from €3,293 to €5,403
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,638 | €86,706 | +€9,068 | +11.7% |
| Fixed assets | 21/28 | €14,390 | €8,987 | -€5,403 | -37.5% |
| Tangible fixed assets | 22/27 | €14,390 | €8,987 | -€5,403 | -37.5% |
| Furniture and vehicles | 24 | €12,205 | €7,158 | -€5,048 | -41.4% |
| Other tangible fixed assets | 26 | €2,185 | €1,830 | -€355 | -16.3% |
| Current assets | 29/58 | €63,248 | €77,719 | +€14,471 | +22.9% |
| Amounts receivable within one year | 40/41 | €29,400 | €27,261 | -€2,139 | -7.3% |
| Trade receivables | 40 | - | €13,789 | +€13,789 | |
| Other amounts receivable | 41 | €29,400 | €13,472 | -€15,928 | -54.2% |
| Cash at bank and in hand | 54/58 | €32,165 | €48,340 | +€16,175 | +50.3% |
| Deferred charges and accrued income | 490/1 | €1,682 | €2,117 | +€435 | +25.8% |
| Total equity and liabilities | 10/49 | €77,638 | €86,706 | +€9,068 | +11.7% |
| Equity | 10/15 | €5,565 | €5,565 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65 | €65 | = | 0.0% |
| Amounts payable | 17/49 | €72,073 | €81,142 | +€9,068 | +12.6% |
| Amounts payable within one year | 42/48 | €72,073 | €81,142 | +€9,068 | +12.6% |
| Trade debts | 44 | €2,596 | €600 | -€1,997 | -76.9% |
| Suppliers | 440/4 | €2,596 | €600 | -€1,997 | -76.9% |
| Taxes, remuneration and social security | 45 | €5,477 | €6,696 | +€1,219 | +22.3% |
| Taxes | 450/3 | €5,477 | €6,696 | +€1,219 | +22.3% |
| Other amounts payable | 47/48 | €64,000 | €73,846 | +€9,846 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,293 | €5,403 | +€2,110 | +64.1% |
| Other operating charges | 640/8 | €927 | €996 | +€69 | +7.4% |
| Gross operating margin | 9900 | €67,884 | €106,791 | +€38,906 | +57.3% |
| Operating profit (loss) | 9901 | €63,664 | €100,391 | +€36,727 | +57.7% |
| Financial income | 75/76B | €509 | €898 | +€389 | +76.4% |
| Recurring financial income | 75 | €509 | €898 | +€389 | +76.4% |
| Financial charges | 65/66B | €270 | €109 | -€161 | -59.6% |
| Recurring financial charges | 65 | €270 | €109 | -€161 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €63,904 | €101,181 | +€37,277 | +58.3% |
| Income taxes | 67/77 | €207 | €27,335 | +€27,128 | +13106.1% |
| Profit (loss) for the period | 9904 | €63,697 | €73,846 | +€10,149 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,697 | €73,846 | +€10,149 | +15.9% |
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 1 October 2026 via checked.be.