TANGHE EN ZONEN: what changed
TANGHE EN ZONEN
Largest movements
- Cash +€72,887
up €72,887 (+48.8%), from €149,218 to €222,105
mainly Receivables within one year (+€36,009) and Current investments (+€33,658)
- Receivables within one year -€36,009
down €36,009 (-37.4%), from €96,245 to €60,236
of which Trade receivables: -€39,402
- Current investments -€33,658
down €33,658 (-3.1%), from €1.1m to €1.1m
- Tangible fixed assets -€17,850
down €17,850 (-24.8%), from €71,905 to €54,055
of which Furniture and vehicles: -€13,052
- Reserves -€24,369
down €24,369 (-1.7%), from €1.4m to €1.4m
- Financial charges +€58,865
up €58,865 (+2,171%), from €2,711 to €61,576
- Gross operating margin -€23,423
down €23,423 (-30.9%), from €75,922 to €52,499
- Taxes -€10,654
down €10,654 (-55.4%), from €19,219 to €8,565
- Financial income -€4,272
down €4,272 (-19.1%), from €22,396 to €18,124
- Depreciation -€1,315
down €1,315 (-5.7%), from €23,161 to €21,846
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,433,110 | €1,417,016 | -€16,094 | -1.1% |
| Fixed assets | 21/28 | €71,905 | €54,055 | -€17,850 | -24.8% |
| Tangible fixed assets | 22/27 | €71,905 | €54,055 | -€17,850 | -24.8% |
| Plant, machinery and equipment | 23 | €23,802 | €19,004 | -€4,798 | -20.2% |
| Furniture and vehicles | 24 | €48,103 | €35,051 | -€13,052 | -27.1% |
| Current assets | 29/58 | €1,361,205 | €1,362,961 | +€1,756 | +0.1% |
| Stocks and contracts in progress | 3 | €18,020 | €13,828 | -€4,192 | -23.3% |
| Stocks | 30/36 | €18,020 | €13,828 | -€4,192 | -23.3% |
| Amounts receivable within one year | 40/41 | €96,245 | €60,236 | -€36,009 | -37.4% |
| Trade receivables | 40 | €85,655 | €46,253 | -€39,402 | -46.0% |
| Other amounts receivable | 41 | €10,590 | €13,983 | +€3,393 | +32.0% |
| Current investments | 50/53 | €1,097,722 | €1,064,063 | -€33,658 | -3.1% |
| Cash at bank and in hand | 54/58 | €149,218 | €222,105 | +€72,887 | +48.8% |
| Deferred charges and accrued income | 490/1 | - | €2,728 | +€2,728 | |
| Total equity and liabilities | 10/49 | €1,433,110 | €1,417,016 | -€16,094 | -1.1% |
| Equity | 10/15 | €1,415,688 | €1,391,320 | -€24,369 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,397,088 | €1,372,720 | -€24,369 | -1.7% |
| Distributable reserves | 133 | €1,397,088 | €1,372,720 | -€24,369 | -1.7% |
| Amounts payable | 17/49 | €17,421 | €25,696 | +€8,275 | +47.5% |
| Amounts payable within one year | 42/48 | €17,421 | €25,696 | +€8,275 | +47.5% |
| Trade debts | 44 | €1,953 | €9,265 | +€7,313 | +374% |
| Suppliers | 440/4 | €1,953 | €9,265 | +€7,313 | +374% |
| Taxes, remuneration and social security | 45 | €10,650 | €10,650 | = | 0.0% |
| Taxes | 450/3 | €5,700 | €5,700 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,950 | €4,950 | = | 0.0% |
| Other amounts payable | 47/48 | €4,819 | €5,781 | +€962 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,161 | €21,846 | -€1,315 | -5.7% |
| Other operating charges | 640/8 | €2,122 | €3,006 | +€883 | +41.6% |
| Gross operating margin | 9900 | €75,922 | €52,499 | -€23,423 | -30.9% |
| Operating profit (loss) | 9901 | €50,639 | €27,648 | -€22,991 | -45.4% |
| Financial income | 75/76B | €22,396 | €18,124 | -€4,272 | -19.1% |
| Recurring financial income | 75 | €22,396 | €18,124 | -€4,272 | -19.1% |
| Financial charges | 65/66B | €2,711 | €61,576 | +€58,865 | +2,171% |
| Recurring financial charges | 65 | €2,711 | €61,576 | +€58,865 | +2,171% |
| Profit (loss) for the period before taxes | 9903 | €70,325 | -€15,804 | -€86,129 | |
| Income taxes | 67/77 | €19,219 | €8,565 | -€10,654 | -55.4% |
| Profit (loss) for the period | 9904 | €51,106 | -€24,369 | -€75,475 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,106 | -€24,369 | -€75,475 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.