TANGHE - DECOMBELE: 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 - DECOMBELE
Largest movements
- Tangible fixed assets -€36,265
down €36,265 (-42.1%), from €86,218 to €49,954
of which Furniture and vehicles: -€22,144
- Stocks and contracts -€16,970
no longer reported in 2025 (was €16,970)
- Cash +€15,347
up €15,347 (+61.6%), from €24,901 to €40,248
mainly Investment in fixed assets (net) (+€21,620) and Stocks and contracts (+€16,970)
- Receivables within one year +€7,538
up €7,538 (+80.4%), from €9,378 to €16,916
of which Trade receivables: +€4,466
- Deferred charges and accrued income +€4,442
new in 2025: €4,442
- Debts after one year -€9,488
down €9,488 (-53.5%), from €17,751 to €8,262
- Reserves -€7,985
down €7,985 (-37.3%), from €21,392 to €13,406
of which Tax-exempt reserves: -€8,100
- Trade debts -€6,748
down €6,748 (-89.3%), from €7,555 to €807
- Tax, wage and social debts +€2,797
up €2,797 (+314%), from €892 to €3,689
- Other debts -€2,484
down €2,484 (-18.8%), from €13,201 to €10,716
- Financial income +€24,819
up €24,819 (+3,384%), from €733 to €25,552
of which Non-recurring financial income: +€21,441
- Gross operating margin -€17,756
down €17,756, from €10,903 to -€6,854
- Depreciation -€5,810
down €5,810 (-28.4%), from €20,455 to €14,644
- Taxes +€1,627
up €1,627 (+825%), from €197 to €1,824
- Other operating charges +€623
up €623 (+17.1%), from €3,639 to €4,262
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 | €153,018 | €127,110 | -€25,907 | -16.9% |
| Fixed assets | 21/28 | €101,769 | €65,504 | -€36,265 | -35.6% |
| Tangible fixed assets | 22/27 | €86,218 | €49,954 | -€36,265 | -42.1% |
| Land and buildings | 22 | €26,000 | €26,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,120 | - | -€14,120 | |
| Furniture and vehicles | 24 | €46,098 | €23,954 | -€22,144 | -48.0% |
| Financial fixed assets | 28 | €15,550 | €15,550 | = | 0.0% |
| Current assets | 29/58 | €51,249 | €61,606 | +€10,357 | +20.2% |
| Stocks and contracts in progress | 3 | €16,970 | - | -€16,970 | |
| Stocks | 30/36 | €16,970 | - | -€16,970 | |
| Amounts receivable within one year | 40/41 | €9,378 | €16,916 | +€7,538 | +80.4% |
| Trade receivables | 40 | €8,974 | €13,440 | +€4,466 | +49.8% |
| Other amounts receivable | 41 | €404 | €3,476 | +€3,072 | +761% |
| Cash at bank and in hand | 54/58 | €24,901 | €40,248 | +€15,347 | +61.6% |
| Deferred charges and accrued income | 490/1 | - | €4,442 | +€4,442 | |
| Total equity and liabilities | 10/49 | €153,018 | €127,110 | -€25,907 | -16.9% |
| Equity | 10/15 | €102,133 | €94,148 | -€7,985 | -7.8% |
| Contributions | 10/11 | €80,742 | €80,742 | = | 0.0% |
| Reserves | 13 | €21,392 | €13,406 | -€7,985 | -37.3% |
| Tax-exempt reserves | 132 | €8,100 | - | -€8,100 | |
| Distributable reserves | 133 | €13,291 | €13,406 | +€115 | +0.9% |
| Amounts payable | 17/49 | €50,884 | €32,962 | -€17,922 | -35.2% |
| Amounts payable after more than one year | 17 | €17,751 | €8,262 | -€9,488 | -53.5% |
| Financial debts | 170/4 | €17,751 | €8,262 | -€9,488 | -53.5% |
| Amounts payable within one year | 42/48 | €33,134 | €24,700 | -€8,433 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €11,487 | €9,488 | -€1,998 | -17.4% |
| Trade debts | 44 | €7,555 | €807 | -€6,748 | -89.3% |
| Suppliers | 440/4 | €7,555 | €807 | -€6,748 | -89.3% |
| Taxes, remuneration and social security | 45 | €892 | €3,689 | +€2,797 | +314% |
| Taxes | 450/3 | €892 | €3,689 | +€2,797 | +314% |
| Other amounts payable | 47/48 | €13,201 | €10,716 | -€2,484 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,455 | €14,644 | -€5,810 | -28.4% |
| Other operating charges | 640/8 | €3,639 | €4,262 | +€623 | +17.1% |
| Non-recurring operating charges | 66A | - | €4,543 | +€4,543 | |
| Gross operating margin | 9900 | €10,903 | -€6,854 | -€17,756 | |
| Operating profit (loss) | 9901 | -€13,191 | -€30,303 | -€17,112 | -130% |
| Financial income | 75/76B | €733 | €25,552 | +€24,819 | +3,384% |
| Recurring financial income | 75 | €733 | €4,112 | +€3,378 | +461% |
| Non-recurring financial income | 76B | - | €21,441 | +€21,441 | |
| Financial charges | 65/66B | €1,925 | €1,411 | -€515 | -26.7% |
| Recurring financial charges | 65 | €1,925 | €1,411 | -€515 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,383 | -€6,161 | +€8,221 | +57.2% |
| Income taxes | 67/77 | €197 | €1,824 | +€1,627 | +825% |
| Profit (loss) for the period | 9904 | -€14,580 | -€7,985 | +€6,594 | +45.2% |
| Transfer from tax-exempt reserves | 789 | - | €8,100 | +€8,100 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,580 | €115 | +€14,695 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.