TANGHE FORWARDING: 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 FORWARDING
Largest movements
- Cash -€24,329
down €24,329 (-15.7%), from €154,520 to €130,191
mainly Trade debts (-€14,602) and Net result for the year (-€7,025)
- Trade debts -€14,602
down €14,602 (-72.4%), from €20,178 to €5,576
- Profit (loss) carried forward -€7,025
down €7,025 (-13.5%), from €51,859 to €44,834
- Gross operating margin -€29,969
down €29,969, from €23,358 to -€6,611
- Taxes -€7,136
down €7,136, from €5,864 to -€1,273
- Financial charges -€3,876
down €3,876 (-76.9%), from €5,043 to €1,167
- Other operating charges -€393
down €393 (-43.0%), from €912 to €520
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 | €231,824 | €209,007 | -€22,818 | -9.8% |
| Fixed assets | 21/28 | €1,912 | €1,912 | = | 0.0% |
| Financial fixed assets | 28 | €1,912 | €1,912 | = | 0.0% |
| Current assets | 29/58 | €229,913 | €207,095 | -€22,818 | -9.9% |
| Amounts receivable within one year | 40/41 | €75,393 | €76,904 | +€1,512 | +2.0% |
| Trade receivables | 40 | €73,710 | €71,925 | -€1,785 | -2.4% |
| Other amounts receivable | 41 | €1,683 | €4,979 | +€3,297 | +196% |
| Cash at bank and in hand | 54/58 | €154,520 | €130,191 | -€24,329 | -15.7% |
| Total equity and liabilities | 10/49 | €231,824 | €209,007 | -€22,818 | -9.8% |
| Equity | 10/15 | €204,741 | €197,716 | -€7,025 | -3.4% |
| Contributions | 10/11 | €21,132 | €21,132 | = | 0.0% |
| Reserves | 13 | €131,750 | €131,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,750 | €18,750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €113,000 | €113,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,859 | €44,834 | -€7,025 | -13.5% |
| Amounts payable | 17/49 | €27,083 | €11,290 | -€15,793 | -58.3% |
| Amounts payable within one year | 42/48 | €27,083 | €11,290 | -€15,793 | -58.3% |
| Trade debts | 44 | €20,178 | €5,576 | -€14,602 | -72.4% |
| Suppliers | 440/4 | €20,178 | €5,576 | -€14,602 | -72.4% |
| Taxes, remuneration and social security | 45 | €6,905 | €5,714 | -€1,190 | -17.2% |
| Taxes | 450/3 | €6,905 | €5,714 | -€1,190 | -17.2% |
| Other operating charges | 640/8 | €912 | €520 | -€393 | -43.0% |
| Gross operating margin | 9900 | €23,358 | -€6,611 | -€29,969 | |
| Operating profit (loss) | 9901 | €22,446 | -€7,131 | -€29,576 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.6% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.6% |
| Financial charges | 65/66B | €5,043 | €1,167 | -€3,876 | -76.9% |
| Recurring financial charges | 65 | €5,043 | €1,167 | -€3,876 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €17,405 | -€8,298 | -€25,703 | |
| Income taxes | 67/77 | €5,864 | -€1,273 | -€7,136 | |
| Profit (loss) for the period | 9904 | €11,542 | -€7,025 | -€18,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,542 | -€7,025 | -€18,567 |
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 13 October 2026 via checked.be.