TANG MAC: 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.
TANG MAC
Largest movements
- Cash +€10,089
up €10,089 (+23.8%), from €42,445 to €52,534
mainly Net result for the year (+€67,595) and Depreciation (+€9,215)
- Tangible fixed assets -€8,273
down €8,273 (-7.3%), from €113,807 to €105,534
of which Land and buildings: -€6,671
- Receivables within one year -€2,418
down €2,418 (-5.1%), from €46,992 to €44,574
of which Trade receivables: -€1,407
- Debts after one year -€9,413
down €9,413 (-9.0%), from €104,457 to €95,044
- Other debts +€7,693
up €7,693 (+14.6%), from €52,573 to €60,266
- Gross operating margin +€7,138
up €7,138 (+7.8%), from €91,257 to €98,395
- Taxes +€1,804
up €1,804 (+11.0%), from €16,473 to €18,277
- Financial charges -€1,022
down €1,022 (-24.6%), from €4,158 to €3,136
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 | €209,412 | €209,011 | -€401 | -0.2% |
| Fixed assets | 21/28 | €118,807 | €110,534 | -€8,273 | -7.0% |
| Tangible fixed assets | 22/27 | €113,807 | €105,534 | -€8,273 | -7.3% |
| Land and buildings | 22 | €107,999 | €101,328 | -€6,671 | -6.2% |
| Furniture and vehicles | 24 | €5,808 | €4,206 | -€1,602 | -27.6% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €90,605 | €98,477 | +€7,872 | +8.7% |
| Amounts receivable within one year | 40/41 | €46,992 | €44,574 | -€2,418 | -5.1% |
| Trade receivables | 40 | €19,606 | €18,199 | -€1,407 | -7.2% |
| Other amounts receivable | 41 | €27,386 | €26,375 | -€1,011 | -3.7% |
| Cash at bank and in hand | 54/58 | €42,445 | €52,534 | +€10,089 | +23.8% |
| Deferred charges and accrued income | 490/1 | €1,168 | €1,369 | +€201 | +17.2% |
| Total equity and liabilities | 10/49 | €209,412 | €209,011 | -€401 | -0.2% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 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% |
| Amounts payable | 17/49 | €188,952 | €188,551 | -€401 | -0.2% |
| Amounts payable after more than one year | 17 | €104,457 | €95,044 | -€9,413 | -9.0% |
| Financial debts | 170/4 | €104,457 | €95,044 | -€9,413 | -9.0% |
| Amounts payable within one year | 42/48 | €84,495 | €93,062 | +€8,567 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €9,272 | €9,412 | +€140 | +1.5% |
| Trade debts | 44 | €2,078 | €1,098 | -€980 | -47.2% |
| Suppliers | 440/4 | €2,078 | €1,098 | -€980 | -47.2% |
| Taxes, remuneration and social security | 45 | €20,572 | €22,286 | +€1,714 | +8.3% |
| Taxes | 450/3 | €20,572 | €22,286 | +€1,714 | +8.3% |
| Other amounts payable | 47/48 | €52,573 | €60,266 | +€7,693 | +14.6% |
| Accrued charges and deferred income | 492/3 | - | €445 | +€445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,620 | €9,215 | -€405 | -4.2% |
| Other operating charges | 640/8 | €1,328 | €1,229 | -€99 | -7.5% |
| Gross operating margin | 9900 | €91,257 | €98,395 | +€7,138 | +7.8% |
| Operating profit (loss) | 9901 | €80,309 | €87,951 | +€7,642 | +9.5% |
| Financial income | 75/76B | €1,154 | €1,057 | -€97 | -8.4% |
| Recurring financial income | 75 | €1,154 | €1,057 | -€97 | -8.4% |
| Financial charges | 65/66B | €4,158 | €3,136 | -€1,022 | -24.6% |
| Recurring financial charges | 65 | €4,158 | €3,136 | -€1,022 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €77,305 | €85,872 | +€8,567 | +11.1% |
| Income taxes | 67/77 | €16,473 | €18,277 | +€1,804 | +11.0% |
| Profit (loss) for the period | 9904 | €60,832 | €67,595 | +€6,763 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,832 | €67,595 | +€6,763 | +11.1% |
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 12 October 2026 via checked.be.