TANGENZ: 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.
TANGENZ
Largest movements
- Current investments +€74,055
up €74,055 (+42.6%), from €173,820 to €247,875
- Cash -€26,563
down €26,563 (-15.7%), from €168,927 to €142,364
mainly Current investments (-€74,055) and Other debts (-€7,116)
- Reserves +€51,864
up €51,864 (+15.0%), from €345,989 to €397,853
- Other debts -€7,116
down €7,116 (-74.8%), from €9,512 to €2,395
- Depreciation -€781
down €781 (-33.6%), from €2,327 to €1,545
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 | €383,155 | €426,342 | +€43,187 | +11.3% |
| Fixed assets | 21/28 | €3,306 | €2,942 | -€364 | -11.0% |
| Tangible fixed assets | 22/27 | €3,306 | €2,942 | -€364 | -11.0% |
| Land and buildings | 22 | €2,011 | €1,395 | -€616 | -30.6% |
| Furniture and vehicles | 24 | €420 | €1,046 | +€626 | +149% |
| Other tangible fixed assets | 26 | €875 | €501 | -€374 | -42.7% |
| Current assets | 29/58 | €379,849 | €423,400 | +€43,551 | +11.5% |
| Amounts receivable within one year | 40/41 | €34,630 | €30,782 | -€3,848 | -11.1% |
| Trade receivables | 40 | €34,630 | €30,782 | -€3,848 | -11.1% |
| Current investments | 50/53 | €173,820 | €247,875 | +€74,055 | +42.6% |
| Cash at bank and in hand | 54/58 | €168,927 | €142,364 | -€26,563 | -15.7% |
| Deferred charges and accrued income | 490/1 | €2,471 | €2,378 | -€93 | -3.8% |
| Total equity and liabilities | 10/49 | €383,155 | €426,342 | +€43,187 | +11.3% |
| Equity | 10/15 | €364,589 | €416,453 | +€51,864 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €345,989 | €397,853 | +€51,864 | +15.0% |
| Distributable reserves | 133 | €345,989 | €397,853 | +€51,864 | +15.0% |
| Profit (loss) carried forward | 14 | - | €0 | +€0 | |
| Amounts payable | 17/49 | €18,566 | €9,889 | -€8,677 | -46.7% |
| Amounts payable within one year | 42/48 | €18,566 | €9,889 | -€8,677 | -46.7% |
| Trade debts | 44 | €935 | €361 | -€574 | -61.4% |
| Suppliers | 440/4 | €935 | €361 | -€574 | -61.4% |
| Taxes, remuneration and social security | 45 | €8,119 | €7,133 | -€987 | -12.2% |
| Taxes | 450/3 | €8,119 | €7,133 | -€987 | -12.2% |
| Other amounts payable | 47/48 | €9,512 | €2,395 | -€7,116 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,327 | €1,545 | -€781 | -33.6% |
| Other operating charges | 640/8 | €528 | €839 | +€311 | +58.9% |
| Gross operating margin | 9900 | €73,398 | €72,938 | -€460 | -0.6% |
| Operating profit (loss) | 9901 | €70,543 | €70,553 | +€10 | 0.0% |
| Financial income | 75/76B | €2,585 | €2,098 | -€487 | -18.8% |
| Recurring financial income | 75 | €2,585 | €2,098 | -€487 | -18.8% |
| Financial charges | 65/66B | €902 | €789 | -€113 | -12.5% |
| Recurring financial charges | 65 | €902 | €789 | -€113 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €72,227 | €71,863 | -€364 | -0.5% |
| Income taxes | 67/77 | €20,130 | €19,999 | -€131 | -0.6% |
| Profit (loss) for the period | 9904 | €52,097 | €51,864 | -€233 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,097 | €51,864 | -€233 | -0.4% |
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.