TANGHE CONSULT: 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.
TANGHE CONSULT
Largest movements
- Cash +€65,488
up €65,488 (+581%), from €11,267 to €76,754
mainly Net result for the year (+€86,693) and Tax, wage and social debts (+€28,050)
- Receivables within one year +€47,116
up €47,116 (+703%), from €6,701 to €53,817
of which Trade receivables: +€46,828
- Tangible fixed assets -€4,023
down €4,023 (-21.2%), from €18,975 to €14,952
of which Furniture and vehicles: -€3,660
- Reserves +€63,878
new in 2025: €63,878
- Tax, wage and social debts +€28,050
up €28,050 (+2,244%), from €1,250 to €29,300
of which Taxes: +€25,450
- Profit (loss) carried forward +€22,815
up €22,815, from -€22,815 to €0
- Debts after one year -€11,613
down €11,613 (-25.1%), from €46,235 to €34,622
- Trade debts +€4,502
up €4,502 (+194%), from €2,324 to €6,826
- Gross operating margin +€137,220
up €137,220, from -€13,955 to €123,264
- Taxes +€26,440
up €26,440 (+16,666%), from €159 to €26,598
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 | €44,567 | €152,434 | +€107,867 | +242% |
| Formation expenses | 20 | €3,724 | €2,818 | -€906 | -24.3% |
| Fixed assets | 21/28 | €22,725 | €18,702 | -€4,023 | -17.7% |
| Tangible fixed assets | 22/27 | €18,975 | €14,952 | -€4,023 | -21.2% |
| Plant, machinery and equipment | 23 | €3,346 | €2,983 | -€363 | -10.9% |
| Furniture and vehicles | 24 | €15,629 | €11,970 | -€3,660 | -23.4% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €18,118 | €130,913 | +€112,795 | +623% |
| Amounts receivable within one year | 40/41 | €6,701 | €53,817 | +€47,116 | +703% |
| Trade receivables | 40 | €6,400 | €53,227 | +€46,828 | +732% |
| Other amounts receivable | 41 | €302 | €590 | +€288 | +95.5% |
| Cash at bank and in hand | 54/58 | €11,267 | €76,754 | +€65,488 | +581% |
| Deferred charges and accrued income | 490/1 | €150 | €342 | +€192 | +127% |
| Total equity and liabilities | 10/49 | €44,567 | €152,434 | +€107,867 | +242% |
| Equity | 10/15 | -€17,815 | €68,878 | +€86,693 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €63,878 | +€63,878 | |
| Distributable reserves | 133 | - | €63,878 | +€63,878 | |
| Profit (loss) carried forward | 14 | -€22,815 | €0 | +€22,815 | |
| Amounts payable | 17/49 | €62,382 | €83,556 | +€21,174 | +33.9% |
| Amounts payable after more than one year | 17 | €46,235 | €34,622 | -€11,613 | -25.1% |
| Financial debts | 170/4 | €46,235 | €34,622 | -€11,613 | -25.1% |
| Amounts payable within one year | 42/48 | €14,680 | €47,738 | +€33,058 | +225% |
| Current portion of amounts payable after more than one year | 42 | €11,106 | €11,613 | +€507 | +4.6% |
| Trade debts | 44 | €2,324 | €6,826 | +€4,502 | +194% |
| Suppliers | 440/4 | €2,324 | €6,826 | +€4,502 | +194% |
| Taxes, remuneration and social security | 45 | €1,250 | €29,300 | +€28,050 | +2,244% |
| Taxes | 450/3 | €750 | €26,200 | +€25,450 | +3,393% |
| Remuneration and social security | 454/9 | €500 | €3,100 | +€2,600 | +520% |
| Accrued charges and deferred income | 492/3 | €1,467 | €1,196 | -€271 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,757 | €4,928 | +€1,171 | +31.2% |
| Other operating charges | 640/8 | €2,036 | €2,450 | +€414 | +20.3% |
| Gross operating margin | 9900 | -€13,955 | €123,264 | +€137,220 | |
| Operating profit (loss) | 9901 | -€19,749 | €115,886 | +€135,635 | |
| Financial income | 75/76B | €0 | €6 | +€5 | +27,450% |
| Recurring financial income | 75 | €0 | €6 | +€5 | +27,450% |
| Financial charges | 65/66B | €2,908 | €2,601 | -€307 | -10.6% |
| Recurring financial charges | 65 | €2,908 | €2,601 | -€307 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,656 | €113,291 | +€135,947 | |
| Income taxes | 67/77 | €159 | €26,598 | +€26,440 | +16,666% |
| Profit (loss) for the period | 9904 | -€22,815 | €86,693 | +€109,507 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,815 | €86,693 | +€109,507 |
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 16 October 2026 via checked.be.