TANGHE DESIGN: 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 DESIGN
Largest movements
- Cash +€1.0m
up €1.0m (+164%), from €620,311 to €1.6m
mainly Current investments (+€825,088) and Net result for the year (+€182,077)
- Current investments -€825,088
down €825,088 (-61.7%), from €1.3m to €513,182
- Receivables within one year +€73,872
up €73,872 (+67.3%), from €109,812 to €183,684
of which Trade receivables: +€68,539
- Tangible fixed assets -€73,870
down €73,870 (-20.2%), from €366,049 to €292,178
of which Plant, machinery and equipment: -€39,554
- Reserves +€182,077
up €182,077 (+14.6%), from €1.2m to €1.4m
of which Distributable reserves: +€182,077
- Other debts -€88,427
down €88,427 (-8.5%), from €1.0m to €945,937
- Advances received +€50,000
new in 2025: €50,000
- Tax, wage and social debts +€28,113
up €28,113 (+63.5%), from €44,273 to €72,386
of which Taxes: +€27,486
- Staff costs +€13,147
up €13,147 (+3.3%), from €397,918 to €411,065
- Depreciation -€10,977
down €10,977 (-9.7%), from €113,359 to €102,382
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 | €2,546,392 | €2,709,721 | +€163,329 | +6.4% |
| Fixed assets | 21/28 | €366,679 | €292,809 | -€73,870 | -20.1% |
| Tangible fixed assets | 22/27 | €366,049 | €292,178 | -€73,870 | -20.2% |
| Land and buildings | 22 | €263,733 | €230,400 | -€33,333 | -12.6% |
| Plant, machinery and equipment | 23 | €41,470 | €1,916 | -€39,554 | -95.4% |
| Furniture and vehicles | 24 | €57,988 | €57,363 | -€625 | -1.1% |
| Other tangible fixed assets | 26 | €2,857 | €2,500 | -€357 | -12.5% |
| Financial fixed assets | 28 | €631 | €631 | = | 0.0% |
| Current assets | 29/58 | €2,179,713 | €2,416,912 | +€237,199 | +10.9% |
| Stocks and contracts in progress | 3 | €95,353 | €75,096 | -€20,257 | -21.2% |
| Stocks | 30/36 | €76,808 | €48,600 | -€28,208 | -36.7% |
| Contracts in progress | 37 | €18,545 | €26,497 | +€7,952 | +42.9% |
| Amounts receivable within one year | 40/41 | €109,812 | €183,684 | +€73,872 | +67.3% |
| Trade receivables | 40 | €107,825 | €176,363 | +€68,539 | +63.6% |
| Other amounts receivable | 41 | €1,987 | €7,320 | +€5,333 | +268% |
| Current investments | 50/53 | €1,338,270 | €513,182 | -€825,088 | -61.7% |
| Cash at bank and in hand | 54/58 | €620,311 | €1,636,495 | +€1.0m | +164% |
| Deferred charges and accrued income | 490/1 | €15,967 | €8,456 | -€7,511 | -47.0% |
| Total equity and liabilities | 10/49 | €2,546,392 | €2,709,721 | +€163,329 | +6.4% |
| Equity | 10/15 | €1,430,719 | €1,612,796 | +€182,077 | +12.7% |
| Contributions | 10/11 | €181,408 | €181,408 | = | 0.0% |
| Reserves | 13 | €1,249,311 | €1,431,388 | +€182,077 | +14.6% |
| Tax-exempt reserves | 132 | €3,644 | €3,644 | = | 0.0% |
| Distributable reserves | 133 | €1,245,667 | €1,427,744 | +€182,077 | +14.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,115,673 | €1,096,925 | -€18,748 | -1.7% |
| Amounts payable within one year | 42/48 | €1,115,673 | €1,096,925 | -€18,748 | -1.7% |
| Trade debts | 44 | €37,036 | €28,602 | -€8,434 | -22.8% |
| Suppliers | 440/4 | €37,036 | €28,602 | -€8,434 | -22.8% |
| Advances received on contracts in progress | 46 | - | €50,000 | +€50,000 | |
| Taxes, remuneration and social security | 45 | €44,273 | €72,386 | +€28,113 | +63.5% |
| Taxes | 450/3 | €28,936 | €56,422 | +€27,486 | +95.0% |
| Remuneration and social security | 454/9 | €15,337 | €15,964 | +€627 | +4.1% |
| Other amounts payable | 47/48 | €1,034,364 | €945,937 | -€88,427 | -8.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,357 | €2,893 | +€1,535 | +113% |
| Remuneration, social security and pensions | 62 | €397,918 | €411,065 | +€13,147 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,359 | €102,382 | -€10,977 | -9.7% |
| Other operating charges | 640/8 | €15,348 | €19,146 | +€3,798 | +24.7% |
| Gross operating margin | 9900 | €803,224 | €805,468 | +€2,245 | +0.3% |
| Operating profit (loss) | 9901 | €276,599 | €272,875 | -€3,724 | -1.3% |
| Financial income | 75/76B | €52,797 | €55,503 | +€2,706 | +5.1% |
| Recurring financial income | 75 | €52,797 | €55,503 | +€2,706 | +5.1% |
| Financial charges | 65/66B | €76,319 | €72,910 | -€3,409 | -4.5% |
| Recurring financial charges | 65 | €76,319 | €72,910 | -€3,409 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €253,077 | €255,468 | +€2,391 | +0.9% |
| Income taxes | 67/77 | €76,245 | €73,391 | -€2,854 | -3.7% |
| Profit (loss) for the period | 9904 | €176,832 | €182,077 | +€5,245 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €176,832 | €182,077 | +€5,245 | +3.0% |
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 30 October 2026 via checked.be.