TANG: 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.
TANG
Largest movements
- Cash +€56,734
up €56,734 (+150.6%), from €37,666 to €94,400
mainly Net result for the year (+€67,065) and Depreciation (+€35,665)
- Tangible fixed assets -€28,417
down €28,417 (-26.9%), from €105,480 to €77,063
of which Furniture and vehicles: -€25,731
- Receivables within one year +€26,462
up €26,462 (+41.0%), from €64,596 to €91,058
of which Other amounts receivable: +€24,977
- Intangible fixed assets -€5,000
down €5,000 (-16.8%), from €29,685 to €24,685
- Profit (loss) carried forward +€67,065
up €67,065 (+38.8%), from €172,668 to €239,732
- Debts after one year -€16,087
down €16,087 (-33.9%), from €47,431 to €31,344
- Gross operating margin +€43,415
up €43,415 (+52.2%), from €83,120 to €126,534
- Taxes +€6,708
up €6,708 (+47.8%), from €14,043 to €20,751
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 | €247,197 | €298,441 | +€51,244 | +20.7% |
| Fixed assets | 21/28 | €135,165 | €101,748 | -€33,417 | -24.7% |
| Intangible fixed assets | 21 | €29,685 | €24,685 | -€5,000 | -16.8% |
| Tangible fixed assets | 22/27 | €105,480 | €77,063 | -€28,417 | -26.9% |
| Plant, machinery and equipment | 23 | €12,252 | €9,566 | -€2,686 | -21.9% |
| Furniture and vehicles | 24 | €93,228 | €67,497 | -€25,731 | -27.6% |
| Current assets | 29/58 | €112,032 | €196,693 | +€84,661 | +75.6% |
| Amounts receivable within one year | 40/41 | €64,596 | €91,058 | +€26,462 | +41.0% |
| Trade receivables | 40 | - | €1,485 | +€1,485 | |
| Other amounts receivable | 41 | €64,596 | €89,573 | +€24,977 | +38.7% |
| Cash at bank and in hand | 54/58 | €37,666 | €94,400 | +€56,734 | +150.6% |
| Deferred charges and accrued income | 490/1 | €9,770 | €11,235 | +€1,465 | +15.0% |
| Total equity and liabilities | 10/49 | €247,197 | €298,441 | +€51,244 | +20.7% |
| Equity | 10/15 | €175,668 | €242,732 | +€67,065 | +38.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,668 | €239,732 | +€67,065 | +38.8% |
| Amounts payable | 17/49 | €71,529 | €55,709 | -€15,821 | -22.1% |
| Amounts payable after more than one year | 17 | €47,431 | €31,344 | -€16,087 | -33.9% |
| Financial debts | 170/4 | €47,431 | €31,344 | -€16,087 | -33.9% |
| Amounts payable within one year | 42/48 | €23,386 | €23,652 | +€266 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €18,794 | €19,451 | +€657 | +3.5% |
| Trade debts | 44 | €550 | €159 | -€391 | -71.0% |
| Suppliers | 440/4 | €550 | €159 | -€391 | -71.0% |
| Taxes, remuneration and social security | 45 | €4,043 | €4,043 | = | 0.0% |
| Taxes | 450/3 | €4,043 | €4,043 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €712 | €712 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,597 | €35,665 | +€69 | +0.2% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €83,120 | €126,534 | +€43,415 | +52.2% |
| Operating profit (loss) | 9901 | €47,523 | €90,749 | +€43,226 | +91.0% |
| Financial charges | 65/66B | €3,602 | €2,933 | -€669 | -18.6% |
| Recurring financial charges | 65 | €3,602 | €2,933 | -€669 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €43,921 | €87,816 | +€43,895 | +99.9% |
| Income taxes | 67/77 | €14,043 | €20,751 | +€6,708 | +47.8% |
| Profit (loss) for the period | 9904 | €29,878 | €67,065 | +€37,186 | +124.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,878 | €67,065 | +€37,186 | +124.5% |
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 7 October 2026 via checked.be.