TANGO: 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.
TANGO
Largest movements
- Tangible fixed assets +€92,488
up €92,488 (+50.3%), from €183,869 to €276,356
- Intangible fixed assets +€57,885
up €57,885 (+176%), from €32,822 to €90,707
- Cash +€33,415
up €33,415 (+1,061%), from €3,148 to €36,564
mainly Current portion of long-term debt (+€86,658) and Trade debts (+€84,879)
- Stocks and contracts +€18,465
up €18,465 (+52.4%), from €35,230 to €53,695
- Current portion of long-term debt +€86,658
new in 2025: €86,658
- Trade debts +€84,879
new in 2025: €84,879
- Profit (loss) carried forward -€81,781
down €81,781 (-763%), from -€10,714 to -€92,494
- Debts after one year +€60,078
up €60,078 (+37.6%), from €159,956 to €220,034
of which Financial debts: +€60,078
- Tax, wage and social debts +€55,343
up €55,343 (+275%), from €20,134 to €75,477
of which Remuneration and social security: +€54,392
- Staff costs +€203,987
up €203,987 (+321%), from €63,489 to €267,477
- Gross operating margin +€157,639
up €157,639 (+179%), from €88,238 to €245,877
- Depreciation +€22,658
up €22,658 (+95.0%), from €23,848 to €46,506
- Financial charges +€4,270
up €4,270 (+48.7%), from €8,774 to €13,044
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 | €260,424 | €464,217 | +€203,793 | +78.3% |
| Fixed assets | 21/28 | €218,712 | €369,576 | +€150,864 | +69.0% |
| Intangible fixed assets | 21 | €32,822 | €90,707 | +€57,885 | +176% |
| Tangible fixed assets | 22/27 | €183,869 | €276,356 | +€92,488 | +50.3% |
| Land and buildings | 22 | - | €14,166 | +€14,166 | |
| Plant, machinery and equipment | 23 | €82,097 | €102,512 | +€20,416 | +24.9% |
| Furniture and vehicles | 24 | €25,972 | €39,010 | +€13,038 | +50.2% |
| Other tangible fixed assets | 26 | €75,800 | €120,668 | +€44,868 | +59.2% |
| Financial fixed assets | 28 | €2,021 | €2,512 | +€491 | +24.3% |
| Current assets | 29/58 | €41,712 | €94,641 | +€52,929 | +127% |
| Stocks and contracts in progress | 3 | €35,230 | €53,695 | +€18,465 | +52.4% |
| Stocks | 30/36 | €35,230 | €53,695 | +€18,465 | +52.4% |
| Amounts receivable within one year | 40/41 | €2,068 | €2,234 | +€166 | +8.0% |
| Trade receivables | 40 | - | €1,935 | +€1,935 | |
| Other amounts receivable | 41 | €2,068 | €299 | -€1,768 | -85.5% |
| Cash at bank and in hand | 54/58 | €3,148 | €36,564 | +€33,415 | +1,061% |
| Deferred charges and accrued income | 490/1 | €1,266 | €2,148 | +€882 | +69.7% |
| Total equity and liabilities | 10/49 | €260,424 | €464,217 | +€203,793 | +78.3% |
| Equity | 10/15 | €39,286 | -€42,494 | -€81,781 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,714 | -€92,494 | -€81,781 | -763% |
| Amounts payable | 17/49 | €221,138 | €506,711 | +€285,573 | +129% |
| Amounts payable after more than one year | 17 | €159,956 | €220,034 | +€60,078 | +37.6% |
| Financial debts | 170/4 | €109,956 | €170,034 | +€60,078 | +54.6% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,400 | €250,487 | +€230,087 | +1,128% |
| Current portion of amounts payable after more than one year | 42 | - | €86,658 | +€86,658 | |
| Financial debts | 43 | €266 | - | -€266 | |
| Credit institutions | 430/8 | €266 | - | -€266 | |
| Trade debts | 44 | - | €84,879 | +€84,879 | |
| Suppliers | 440/4 | - | €84,879 | +€84,879 | |
| Taxes, remuneration and social security | 45 | €20,134 | €75,477 | +€55,343 | +275% |
| Taxes | 450/3 | €18,968 | €19,919 | +€951 | +5.0% |
| Remuneration and social security | 454/9 | €1,166 | €55,558 | +€54,392 | +4,663% |
| Other amounts payable | 47/48 | - | €3,473 | +€3,473 | |
| Accrued charges and deferred income | 492/3 | €40,782 | €36,190 | -€4,592 | -11.3% |
| Remuneration, social security and pensions | 62 | €63,489 | €267,477 | +€203,987 | +321% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,848 | €46,506 | +€22,658 | +95.0% |
| Other operating charges | 640/8 | €2,904 | €631 | -€2,273 | -78.3% |
| Gross operating margin | 9900 | €88,238 | €245,877 | +€157,639 | +179% |
| Operating profit (loss) | 9901 | -€2,004 | -€68,737 | -€66,732 | -3,330% |
| Financial income | 75/76B | €64 | - | -€64 | |
| Recurring financial income | 75 | €64 | - | -€64 | |
| Financial charges | 65/66B | €8,774 | €13,044 | +€4,270 | +48.7% |
| Recurring financial charges | 65 | €8,774 | €13,044 | +€4,270 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,714 | -€81,781 | -€71,067 | -663% |
| Profit (loss) for the period | 9904 | -€10,714 | -€81,781 | -€71,067 | -663% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,714 | -€81,781 | -€71,067 | -663% |
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 26 October 2026 via checked.be.