Tanghe Niki: 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 Niki
Largest movements
- Receivables within one year -€41,724
down €41,724 (-63.1%), from €66,164 to €24,440
of which Trade receivables: -€59,942
- Cash +€33,283
up €33,283 (+568%), from €5,859 to €39,142
mainly Receivables within one year (+€41,724) and Depreciation (+€25,204)
- Tangible fixed assets -€22,998
down €22,998 (-26.7%), from €86,280 to €63,282
of which Plant, machinery and equipment: -€16,169
- Profit (loss) carried forward -€127,357
no longer reported in 2025 (was €127,357)
- Reserves +€125,585
new in 2025: €125,585
- Trade debts -€11,618
down €11,618 (-75.2%), from €15,445 to €3,827
- Current portion of long-term debt -€8,147
down €8,147 (-65.6%), from €12,428 to €4,281
- Tax, wage and social debts -€4,466
down €4,466 (-72.9%), from €6,127 to €1,661
- Gross operating margin -€19,008
down €19,008 (-42.0%), from €45,244 to €26,236
- Taxes -€3,275
down €3,275 (-76.2%), from €4,298 to €1,023
- Financial income -€853
down €853 (-78.4%), from €1,088 to €235
- Depreciation +€792
up €792 (+3.2%), from €24,412 to €25,204
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 | €166,638 | €136,354 | -€30,284 | -18.2% |
| Fixed assets | 21/28 | €86,280 | €63,282 | -€22,998 | -26.7% |
| Tangible fixed assets | 22/27 | €86,280 | €63,282 | -€22,998 | -26.7% |
| Plant, machinery and equipment | 23 | €61,340 | €45,171 | -€16,169 | -26.4% |
| Furniture and vehicles | 24 | €10,400 | €5,600 | -€4,800 | -46.2% |
| Other tangible fixed assets | 26 | €14,540 | €12,511 | -€2,029 | -14.0% |
| Current assets | 29/58 | €80,358 | €73,072 | -€7,286 | -9.1% |
| Stocks and contracts in progress | 3 | €7,935 | €7,935 | = | 0.0% |
| Stocks | 30/36 | €2,935 | €2,935 | = | 0.0% |
| Contracts in progress | 37 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,164 | €24,440 | -€41,724 | -63.1% |
| Trade receivables | 40 | €59,942 | - | -€59,942 | |
| Other amounts receivable | 41 | €6,222 | €24,440 | +€18,218 | +293% |
| Cash at bank and in hand | 54/58 | €5,859 | €39,142 | +€33,283 | +568% |
| Deferred charges and accrued income | 490/1 | €400 | €1,555 | +€1,155 | +289% |
| Total equity and liabilities | 10/49 | €166,638 | €136,354 | -€30,284 | -18.2% |
| Equity | 10/15 | €128,357 | €126,585 | -€1,772 | -1.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €125,585 | +€125,585 | |
| Distributable reserves | 133 | - | €125,585 | +€125,585 | |
| Profit (loss) carried forward | 14 | €127,357 | - | -€127,357 | |
| Amounts payable | 17/49 | €38,281 | €9,769 | -€28,512 | -74.5% |
| Amounts payable after more than one year | 17 | €4,281 | - | -€4,281 | |
| Financial debts | 170/4 | €4,281 | - | -€4,281 | |
| Amounts payable within one year | 42/48 | €34,000 | €9,769 | -€24,231 | -71.3% |
| Current portion of amounts payable after more than one year | 42 | €12,428 | €4,281 | -€8,147 | -65.6% |
| Trade debts | 44 | €15,445 | €3,827 | -€11,618 | -75.2% |
| Suppliers | 440/4 | €15,445 | €3,827 | -€11,618 | -75.2% |
| Taxes, remuneration and social security | 45 | €6,127 | €1,661 | -€4,466 | -72.9% |
| Taxes | 450/3 | €6,127 | €1,661 | -€4,466 | -72.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,412 | €25,204 | +€792 | +3.2% |
| Other operating charges | 640/8 | €644 | €855 | +€211 | +32.8% |
| Gross operating margin | 9900 | €45,244 | €26,236 | -€19,008 | -42.0% |
| Operating profit (loss) | 9901 | €20,188 | €177 | -€20,011 | -99.1% |
| Financial income | 75/76B | €1,088 | €235 | -€853 | -78.4% |
| Recurring financial income | 75 | €1,088 | €235 | -€853 | -78.4% |
| Financial charges | 65/66B | €1,302 | €1,161 | -€141 | -10.8% |
| Recurring financial charges | 65 | €1,302 | €1,161 | -€141 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €19,974 | -€749 | -€20,723 | |
| Income taxes | 67/77 | €4,298 | €1,023 | -€3,275 | -76.2% |
| Profit (loss) for the period | 9904 | €15,676 | -€1,772 | -€17,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,676 | -€1,772 | -€17,448 |
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 24 October 2026 via checked.be.