Tanghe Electro: 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 Electro
Largest movements
- Receivables within one year +€31,820
up €31,820 (+94.9%), from €33,527 to €65,347
of which Trade receivables: +€21,324
- Tangible fixed assets -€31,162
down €31,162 (-13.8%), from €225,534 to €194,372
of which Furniture and vehicles: -€18,710
- Cash +€5,231
up €5,231 (+41.0%), from €12,769 to €18,000
mainly Depreciation (+€38,512) and Trade debts (+€22,019)
- Debts after one year -€26,212
down €26,212 (-35.0%), from €74,870 to €48,658
- Trade debts +€22,019
up €22,019 (+87.0%), from €25,314 to €47,334
- Reserves +€11,867
up €11,867 (+7.7%), from €154,990 to €166,857
of which Distributable reserves: +€11,867
- Depreciation +€4,373
up €4,373 (+12.8%), from €34,139 to €38,512
- Gross operating margin -€4,241
down €4,241 (-6.1%), from €69,108 to €64,867
- Taxes -€2,155
down €2,155 (-29.7%), from €7,243 to €5,088
- Financial charges -€1,099
down €1,099 (-16.6%), from €6,620 to €5,521
- Financial income -€983
down €983 (-63.5%), from €1,549 to €566
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 | €310,288 | €316,650 | +€6,362 | +2.1% |
| Fixed assets | 21/28 | €225,534 | €194,372 | -€31,162 | -13.8% |
| Tangible fixed assets | 22/27 | €225,534 | €194,372 | -€31,162 | -13.8% |
| Land and buildings | 22 | €149,131 | €136,626 | -€12,505 | -8.4% |
| Plant, machinery and equipment | 23 | €1,710 | €1,762 | +€52 | +3.0% |
| Furniture and vehicles | 24 | €74,693 | €55,983 | -€18,710 | -25.0% |
| Current assets | 29/58 | €84,754 | €122,279 | +€37,525 | +44.3% |
| Stocks and contracts in progress | 3 | €38,458 | €38,931 | +€473 | +1.2% |
| Stocks | 30/36 | €38,458 | €38,931 | +€473 | +1.2% |
| Amounts receivable within one year | 40/41 | €33,527 | €65,347 | +€31,820 | +94.9% |
| Trade receivables | 40 | €18,572 | €39,896 | +€21,324 | +115% |
| Other amounts receivable | 41 | €14,955 | €25,451 | +€10,496 | +70.2% |
| Cash at bank and in hand | 54/58 | €12,769 | €18,000 | +€5,231 | +41.0% |
| Total equity and liabilities | 10/49 | €310,288 | €316,650 | +€6,362 | +2.1% |
| Equity | 10/15 | €173,582 | €185,449 | +€11,867 | +6.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €154,990 | €166,857 | +€11,867 | +7.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,650 | €19,650 | = | 0.0% |
| Distributable reserves | 133 | €133,481 | €145,348 | +€11,867 | +8.9% |
| Amounts payable | 17/49 | €136,705 | €131,201 | -€5,504 | -4.0% |
| Amounts payable after more than one year | 17 | €74,870 | €48,658 | -€26,212 | -35.0% |
| Financial debts | 170/4 | €74,870 | €48,658 | -€26,212 | -35.0% |
| Amounts payable within one year | 42/48 | €61,835 | €82,543 | +€20,708 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €29,321 | €29,609 | +€289 | +1.0% |
| Trade debts | 44 | €25,314 | €47,334 | +€22,019 | +87.0% |
| Suppliers | 440/4 | €25,314 | €47,334 | +€22,019 | +87.0% |
| Taxes, remuneration and social security | 45 | €7,200 | €5,600 | -€1,600 | -22.2% |
| Taxes | 450/3 | - | €3,000 | +€3,000 | |
| Remuneration and social security | 454/9 | €7,200 | €2,600 | -€4,600 | -63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,139 | €38,512 | +€4,373 | +12.8% |
| Other operating charges | 640/8 | €4,997 | €4,445 | -€552 | -11.0% |
| Gross operating margin | 9900 | €69,108 | €64,867 | -€4,241 | -6.1% |
| Operating profit (loss) | 9901 | €29,972 | €21,909 | -€8,063 | -26.9% |
| Financial income | 75/76B | €1,549 | €566 | -€983 | -63.5% |
| Recurring financial income | 75 | €1,549 | €566 | -€983 | -63.5% |
| Financial charges | 65/66B | €6,620 | €5,521 | -€1,099 | -16.6% |
| Recurring financial charges | 65 | €6,620 | €5,521 | -€1,099 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €24,902 | €16,955 | -€7,947 | -31.9% |
| Income taxes | 67/77 | €7,243 | €5,088 | -€2,155 | -29.7% |
| Profit (loss) for the period | 9904 | €17,659 | €11,867 | -€5,792 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,659 | €11,867 | -€5,792 | -32.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.