TANGHE: 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.
What changed
TANGHE
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€440,919
2024 · €3.2m-€2.8m
Equity
€7.3m
2024 · €6.8m+€440,919
Cash
€2.9m
2024 · €1.6m+€1.3m
Balance sheet total
€10.6m
2024 · €13.4m-€2.7m
Largest movements
Assets
- Stocks and contracts -€2.7m
down €2.7m (-42.7%), from €6.4m to €3.7m
- Cash +€1.3m
up €1.3m (+84.3%), from €1.6m to €2.9m
mainly Stocks and contracts (+€2.7m) and Receivables within one year (+€1.2m)
- Receivables within one year -€1.2m
down €1.2m (-39.9%), from €3.1m to €1.9m
of which Trade receivables: -€804,964
- Tangible fixed assets -€168,727
down €168,727 (-7.4%), from €2.3m to €2.1m
of which Land and buildings: -€140,054
Equity and liabilities
- Other debts -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Trade debts -€1.4m
down €1.4m (-31.9%), from €4.5m to €3.0m
- Profit (loss) carried forward +€424,372
up €424,372 (+24.3%), from €1.7m to €2.2m
- Tax, wage and social debts -€256,336
down €256,336 (-44.2%), from €579,620 to €323,284
of which Taxes: -€231,137
Income statement
- Turnover -€20.2m
down €20.2m (-28.5%), from €71.0m to €50.8m
- Goods and materials -€19.9m
down €19.9m (-29.1%), from €68.3m to €48.4m
of which Purchases: -€23.8m
- Other operating income -€3.2m
down €3.2m (-39.0%), from €8.1m to €4.9m
- Taxes -€935,640
down €935,640 (-82.7%), from €1.1m to €195,372
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
€3.2m
Turnover
-€20.2m
Other operating income
-€3.2m
Goods and materials
+€19.9m
Services and other goods
+€121,151
Staff costs
+€98,007
Depreciation
+€15,780
Other operating charges
-€19,523
Other operating items
-€465,000
Financial income
-€10,342
Financial charges
-€856
Taxes
+€935,640
Result 2025
€440,919
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€85,119
Financing
€0
Cash 2024
€1.6m
From operations (derived)
+€1.4m
Net result for the year
+€440,919
Depreciation
+€253,845
Stocks and contracts
+€2.7m
Receivables within one year
+€1.2m
Deferred charges and accrued income
-€68,361
Trade debts
-€1.4m
Tax, wage and social debts
-€256,336
Other debts
-€1.5m
Accrued charges and deferred income
-€3,444
Investment (derived)
-€85,119
Investment in fixed assets (net)
-€85,119
Cash 2025
€2.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,360,971 | €10,618,630 | -€2.7m | -20.5% |
| Fixed assets | 21/28 | €2,282,772 | €2,114,045 | -€168,727 | -7.4% |
| Tangible fixed assets | 22/27 | €2,279,618 | €2,110,892 | -€168,727 | -7.4% |
| Land and buildings | 22 | €1,823,897 | €1,683,843 | -€140,054 | -7.7% |
| Plant, machinery and equipment | 23 | €397,783 | €354,608 | -€43,174 | -10.9% |
| Furniture and vehicles | 24 | €3,161 | €32,497 | +€29,336 | +928% |
| Other tangible fixed assets | 26 | €54,777 | €39,944 | -€14,834 | -27.1% |
| Financial fixed assets | 28 | €3,153 | €3,153 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,153 | €3,153 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,153 | €3,153 | = | 0.0% |
| Current assets | 29/58 | €11,078,200 | €8,504,585 | -€2.6m | -23.2% |
| Stocks and contracts in progress | 3 | €6,412,232 | €3,674,175 | -€2.7m | -42.7% |
| Stocks | 30/36 | €6,412,232 | €3,674,175 | -€2.7m | -42.7% |
| Goods purchased for resale | 34 | €6,412,232 | €3,674,175 | -€2.7m | -42.7% |
| Amounts receivable within one year | 40/41 | €3,082,459 | €1,853,236 | -€1.2m | -39.9% |
| Trade receivables | 40 | €2,451,523 | €1,646,559 | -€804,964 | -32.8% |
| Other amounts receivable | 41 | €630,936 | €206,677 | -€424,259 | -67.2% |
| Cash at bank and in hand | 54/58 | €1,571,438 | €2,896,743 | +€1.3m | +84.3% |
| Deferred charges and accrued income | 490/1 | €12,070 | €80,431 | +€68,361 | +566% |
| Total equity and liabilities | 10/49 | €13,360,971 | €10,618,630 | -€2.7m | -20.5% |
| Equity | 10/15 | €6,815,061 | €7,255,980 | +€440,919 | +6.5% |
| Contributions | 10/11 | €31,620 | €31,620 | = | 0.0% |
| Reserves | 13 | €5,035,470 | €5,052,016 | +€16,546 | +0.3% |
| Tax-exempt reserves | 132 | €38,451 | €54,998 | +€16,546 | +43.0% |
| Distributable reserves | 133 | €4,997,019 | €4,997,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,747,971 | €2,172,344 | +€424,372 | +24.3% |
| Amounts payable | 17/49 | €6,545,910 | €3,362,650 | -€3.2m | -48.6% |
| Amounts payable within one year | 42/48 | €6,541,750 | €3,361,935 | -€3.2m | -48.6% |
| Trade debts | 44 | €4,460,890 | €3,037,411 | -€1.4m | -31.9% |
| Suppliers | 440/4 | €4,460,890 | €3,037,411 | -€1.4m | -31.9% |
| Advances received on contracts in progress | 46 | €1,240 | €1,240 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €579,620 | €323,284 | -€256,336 | -44.2% |
| Taxes | 450/3 | €247,194 | €16,056 | -€231,137 | -93.5% |
| Remuneration and social security | 454/9 | €332,427 | €307,228 | -€25,199 | -7.6% |
| Other amounts payable | 47/48 | €1,500,000 | €0 | -€1.5m | -100% |
| Accrued charges and deferred income | 492/3 | €4,160 | €715 | -€3,444 | -82.8% |
| Operating income | 70/76A | €79,523,936 | €55,703,446 | -€23.8m | -30.0% |
| Turnover | 70 | €70,959,462 | €50,765,085 | -€20.2m | -28.5% |
| Other operating income | 74 | €8,099,474 | €4,938,361 | -€3.2m | -39.0% |
| Non-recurring operating income | 76A | €465,000 | €0 | -€465,000 | -100% |
| Operating charges | 60/66A | €75,187,749 | €55,070,850 | -€20.1m | -26.8% |
| Goods for resale, raw materials and consumables | 60 | €68,280,040 | €48,378,556 | -€19.9m | -29.1% |
| Purchases | 600/8 | €69,434,149 | €45,640,499 | -€23.8m | -34.3% |
| Change in stocks: decrease (increase) | 609 | -€1,154,109 | €2,738,058 | +€3.9m | |
| Services and other goods | 61 | €3,200,770 | €3,079,619 | -€121,151 | -3.8% |
| Remuneration, social security and pensions | 62 | €3,373,764 | €3,275,757 | -€98,007 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269,626 | €253,845 | -€15,780 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €63,549 | €83,072 | +€19,523 | +30.7% |
| Operating profit (loss) | 9901 | €4,336,188 | €632,597 | -€3.7m | -85.4% |
| Financial income | 75/76B | €19,574 | €9,232 | -€10,342 | -52.8% |
| Recurring financial income | 75 | €19,574 | €9,232 | -€10,342 | -52.8% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €19,574 | €9,232 | -€10,342 | -52.8% |
| Financial charges | 65/66B | €4,683 | €5,539 | +€856 | +18.3% |
| Recurring financial charges | 65 | €4,683 | €5,539 | +€856 | +18.3% |
| Other financial charges | 652/9 | €4,683 | €5,539 | +€856 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €4,351,079 | €636,290 | -€3.7m | -85.4% |
| Income taxes | 67/77 | €1,131,012 | €195,372 | -€935,640 | -82.7% |
| Taxes | 670/3 | €1,131,012 | €195,372 | -€935,640 | -82.7% |
| Profit (loss) for the period | 9904 | €3,220,067 | €440,919 | -€2.8m | -86.3% |
| Transfer to tax-exempt reserves | 689 | €16,546 | €16,546 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,203,521 | €424,372 | -€2.8m | -86.8% |
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 15 October 2026 via checked.be.