TANGO GRAFIX: what changed
Two fiscal 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 GRAFIX
Largest movements
- Intangible fixed assets -€13,909
down €13,909 (-99.9%), from €13,923 to €14
- Receivables within one year +€8,277
up €8,277 (+290.8%), from €2,846 to €11,123
- Cash -€6,752
down €6,752 (-35.3%), from €19,109 to €12,357
mainly Net result for the year (-€25,617) and Receivables within one year (-€8,277)
- Deferred charges and accrued income -€1,350
down €1,350 (-55.8%), from €2,421 to €1,071
- Tangible fixed assets -€1,066
down €1,066 (-37.7%), from €2,830 to €1,764
- Profit (loss) carried forward -€25,616
down €25,616 (-16.3%), from -€157,178 to -€182,794
- Other debts +€7,135
up €7,135 (+38.4%), from €18,596 to €25,731
- Trade debts +€6,648
up €6,648 (+162.8%), from €4,083 to €10,731
- Tax, wage and social debts -€2,348
down €2,348 (-68.5%), from €3,429 to €1,081
- Accrued charges and deferred income -€619
no longer reported in 2025 (was €619)
- Gross operating margin -€7,089
down €7,089 (-406.5%), from -€1,744 to -€8,833
- Financial income +€485
new in 2025: €485
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,249 | €26,449 | -€14,800 | -35.9% |
| Fixed assets | 21/28 | €16,873 | €1,898 | -€14,975 | -88.8% |
| Intangible fixed assets | 21 | €13,923 | €14 | -€13,909 | -99.9% |
| Tangible fixed assets | 22/27 | €2,830 | €1,764 | -€1,066 | -37.7% |
| Furniture and vehicles | 24 | €2,830 | €1,764 | -€1,066 | -37.7% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €24,376 | €24,551 | +€175 | +0.7% |
| Amounts receivable within one year | 40/41 | €2,846 | €11,123 | +€8,277 | +290.8% |
| Trade receivables | 40 | €2,846 | €11,123 | +€8,277 | +290.8% |
| Cash at bank and in hand | 54/58 | €19,109 | €12,357 | -€6,752 | -35.3% |
| Deferred charges and accrued income | 490/1 | €2,421 | €1,071 | -€1,350 | -55.8% |
| Total equity and liabilities | 10/49 | €41,249 | €26,449 | -€14,800 | -35.9% |
| Equity | 10/15 | €14,522 | -€11,094 | -€25,616 | |
| Contributions | 10/11 | €171,700 | €171,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,178 | -€182,794 | -€25,616 | -16.3% |
| Amounts payable | 17/49 | €26,727 | €37,543 | +€10,816 | +40.5% |
| Amounts payable within one year | 42/48 | €26,108 | €37,543 | +€11,435 | +43.8% |
| Trade debts | 44 | €4,083 | €10,731 | +€6,648 | +162.8% |
| Suppliers | 440/4 | €4,083 | €10,731 | +€6,648 | +162.8% |
| Taxes, remuneration and social security | 45 | €3,429 | €1,081 | -€2,348 | -68.5% |
| Taxes | 450/3 | €3,429 | €1,081 | -€2,348 | -68.5% |
| Other amounts payable | 47/48 | €18,596 | €25,731 | +€7,135 | +38.4% |
| Accrued charges and deferred income | 492/3 | €619 | - | -€619 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,246 | €16,199 | -€47 | -0.3% |
| Other operating charges | 640/8 | €835 | €754 | -€81 | -9.7% |
| Gross operating margin | 9900 | -€1,744 | -€8,833 | -€7,089 | -406.5% |
| Operating profit (loss) | 9901 | -€18,825 | -€25,786 | -€6,961 | -37.0% |
| Financial income | 75/76B | - | €485 | +€485 | |
| Recurring financial income | 75 | - | €485 | +€485 | |
| Financial charges | 65/66B | €146 | €172 | +€26 | +17.8% |
| Recurring financial charges | 65 | €146 | €172 | +€26 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,971 | -€25,472 | -€6,501 | -34.3% |
| Income taxes | 67/77 | €137 | €144 | +€7 | +5.4% |
| Profit (loss) for the period | 9904 | -€19,108 | -€25,617 | -€6,509 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,108 | -€25,617 | -€6,509 | -34.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.