TANGHE PHARMA: 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.
What changed
TANGHE PHARMA
NACE 70.100, Activities of head offices
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€56,475
2024 · €57,408-€933
Equity
€542,365
2024 · €575,573-€33,208
Cash
€2,150
2024 · €13,291-€11,141
Balance sheet total
€1.5m
2024 · €1.6m-€73,754
Largest movements
Assets
- Tangible fixed assets -€47,898
down €47,898 (-5.5%), from €875,935 to €828,037
of which Land and buildings: -€38,321
Equity and liabilities
- Other debts -€85,449
down €85,449 (-35.4%), from €241,504 to €156,054
- Reserves -€33,208
down €33,208 (-5.9%), from €563,173 to €529,965
- Tax, wage and social debts +€21,921
up €21,921 (+70.4%), from €31,138 to €53,059
Income statement
- Gross operating margin +€5,227
up €5,227 (+3.2%), from €161,848 to €167,075
- Financial charges +€3,378
up €3,378 (+18.1%), from €18,702 to €22,080
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.
Result 2024
€57,408
Gross operating margin
+€5,227
Depreciation
+€53
Other operating charges
-€1,169
Financial income
+€3
Financial charges
-€3,378
Taxes
-€1,669
Result 2025
€56,475
Cash bridge derived
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.
From operations
+€66,087
Investment
-€2,633
Financing
-€74,595
Cash 2024
€13,291
From operations (derived)
+€66,087
Net result for the year
+€56,475
Depreciation
+€50,530
Receivables within one year
+€15,230
Deferred charges and accrued income
-€514
Trade debts
+€2,636
Tax, wage and social debts
+€21,921
Other debts
-€85,449
Accrued charges and deferred income
+€5,258
Investment (derived)
-€2,633
Investment in fixed assets (net)
-€2,633
Financing
-€74,595
Debts after one year
+€12,155
Current portion of long-term debt
+€2,933
Contributions, distributions and other
-€89,683
Cash 2025
€2,150
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,566,845 | €1,493,091 | -€73,754 | -4.7% |
| Fixed assets | 21/28 | €1,475,935 | €1,428,037 | -€47,898 | -3.2% |
| Tangible fixed assets | 22/27 | €875,935 | €828,037 | -€47,898 | -5.5% |
| Land and buildings | 22 | €784,284 | €745,963 | -€38,321 | -4.9% |
| Furniture and vehicles | 24 | €91,651 | €82,074 | -€9,577 | -10.4% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €90,911 | €65,054 | -€25,856 | -28.4% |
| Amounts receivable within one year | 40/41 | €27,620 | €12,390 | -€15,230 | -55.1% |
| Trade receivables | 40 | €3,851 | €4,351 | +€500 | +13.0% |
| Other amounts receivable | 41 | €23,769 | €8,039 | -€15,730 | -66.2% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,291 | €2,150 | -€11,141 | -83.8% |
| Deferred charges and accrued income | 490/1 | €0 | €514 | +€514 | |
| Total equity and liabilities | 10/49 | €1,566,845 | €1,493,091 | -€73,754 | -4.7% |
| Equity | 10/15 | €575,573 | €542,365 | -€33,208 | -5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €563,173 | €529,965 | -€33,208 | -5.9% |
| Distributable reserves | 133 | €563,173 | €529,965 | -€33,208 | -5.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €991,272 | €950,726 | -€40,546 | -4.1% |
| Amounts payable after more than one year | 17 | €640,730 | €652,885 | +€12,155 | +1.9% |
| Financial debts | 170/4 | €640,730 | €560,217 | -€80,513 | -12.6% |
| Other amounts payable | 178/9 | €0 | €92,668 | +€92,668 | |
| Amounts payable within one year | 42/48 | €350,542 | €292,583 | -€57,960 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €76,769 | €79,703 | +€2,933 | +3.8% |
| Trade debts | 44 | €1,131 | €3,767 | +€2,636 | +233.1% |
| Suppliers | 440/4 | €1,131 | €3,767 | +€2,636 | +233.1% |
| Taxes, remuneration and social security | 45 | €31,138 | €53,059 | +€21,921 | +70.4% |
| Taxes | 450/3 | €31,138 | €53,059 | +€21,921 | +70.4% |
| Other amounts payable | 47/48 | €241,504 | €156,054 | -€85,449 | -35.4% |
| Accrued charges and deferred income | 492/3 | - | €5,258 | +€5,258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,583 | €50,530 | -€53 | -0.1% |
| Other operating charges | 640/8 | €5,459 | €6,628 | +€1,169 | +21.4% |
| Gross operating margin | 9900 | €161,848 | €167,075 | +€5,227 | +3.2% |
| Operating profit (loss) | 9901 | €105,806 | €109,917 | +€4,111 | +3.9% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €18,702 | €22,080 | +€3,378 | +18.1% |
| Recurring financial charges | 65 | €18,702 | €22,080 | +€3,378 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €87,104 | €87,840 | +€736 | +0.8% |
| Income taxes | 67/77 | €29,696 | €31,364 | +€1,669 | +5.6% |
| Profit (loss) for the period | 9904 | €57,408 | €56,475 | -€933 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,408 | €56,475 | -€933 | -1.6% |
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 10 October 2026 via checked.be.