TANGRE ELLIOT: 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.
TANGRE ELLIOT
Largest movements
- Deferred charges and accrued income +€31,070
up €31,070 (+3,343%), from €930 to €32,000
- Tangible fixed assets -€20,906
no longer reported in 2025 (was €20,906)
- Cash -€19,757
down €19,757 (-58.2%), from €33,940 to €14,183
mainly Deferred charges and accrued income (-€31,070) and Trade debts (-€8,446)
- Receivables within one year -€17,212
down €17,212 (-96.5%), from €17,828 to €616
of which Trade receivables: -€17,206
- Trade debts -€8,446
down €8,446 (-93.4%), from €9,047 to €600
- Tax, wage and social debts -€7,120
down €7,120 (-64.3%), from €11,071 to €3,951
- Debts after one year -€5,624
no longer reported in 2025 (was €5,624)
- Profit (loss) carried forward -€2,857
down €2,857 (-6.8%), from €42,184 to €39,327
- Current portion of long-term debt -€1,990
no longer reported in 2025 (was €1,990)
- Other operating charges +€18,842
up €18,842 (+2,563%), from €735 to €19,577
- Depreciation -€5,379
no longer reported in 2025 (was €5,379)
- Financial charges +€4,818
up €4,818 (+228%), from €2,114 to €6,932
- Taxes -€2,960
down €2,960 (-94.4%), from €3,135 to €174
- Gross operating margin -€1,595
down €1,595 (-6.3%), from €25,368 to €23,773
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 | €73,604 | €46,799 | -€26,804 | -36.4% |
| Fixed assets | 21/28 | €20,906 | - | -€20,906 | |
| Tangible fixed assets | 22/27 | €20,906 | - | -€20,906 | |
| Furniture and vehicles | 24 | €20,906 | - | -€20,906 | |
| Current assets | 29/58 | €52,698 | €46,799 | -€5,898 | -11.2% |
| Amounts receivable within one year | 40/41 | €17,828 | €616 | -€17,212 | -96.5% |
| Trade receivables | 40 | €17,823 | €616 | -€17,206 | -96.5% |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €33,940 | €14,183 | -€19,757 | -58.2% |
| Deferred charges and accrued income | 490/1 | €930 | €32,000 | +€31,070 | +3,343% |
| Total equity and liabilities | 10/49 | €73,604 | €46,799 | -€26,804 | -36.4% |
| Equity | 10/15 | €44,684 | €41,827 | -€2,857 | -6.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | - | -€2,500 | |
| Issued capital | 100 | €2,500 | - | -€2,500 | |
| Contributions outside capital | 11 | - | €2,500 | +€2,500 | |
| Other | 1109/19 | - | €2,500 | +€2,500 | |
| Profit (loss) carried forward | 14 | €42,184 | €39,327 | -€2,857 | -6.8% |
| Amounts payable | 17/49 | €28,919 | €4,973 | -€23,947 | -82.8% |
| Amounts payable after more than one year | 17 | €5,624 | - | -€5,624 | |
| Financial debts | 170/4 | €5,624 | - | -€5,624 | |
| Amounts payable within one year | 42/48 | €23,296 | €4,973 | -€18,323 | -78.7% |
| Current portion of amounts payable after more than one year | 42 | €1,990 | - | -€1,990 | |
| Trade debts | 44 | €9,047 | €600 | -€8,446 | -93.4% |
| Suppliers | 440/4 | €9,047 | €600 | -€8,446 | -93.4% |
| Taxes, remuneration and social security | 45 | €11,071 | €3,951 | -€7,120 | -64.3% |
| Taxes | 450/3 | €11,071 | €3,951 | -€7,120 | -64.3% |
| Other amounts payable | 47/48 | €1,189 | €422 | -€767 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,379 | - | -€5,379 | |
| Other operating charges | 640/8 | €735 | €19,577 | +€18,842 | +2,563% |
| Gross operating margin | 9900 | €25,368 | €23,773 | -€1,595 | -6.3% |
| Operating profit (loss) | 9901 | €19,255 | €4,196 | -€15,059 | -78.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,114 | €6,932 | +€4,818 | +228% |
| Recurring financial charges | 65 | €2,114 | €6,932 | +€4,818 | +228% |
| Profit (loss) for the period before taxes | 9903 | €17,141 | -€2,736 | -€19,877 | |
| Income taxes | 67/77 | €3,135 | €174 | -€2,960 | -94.4% |
| Profit (loss) for the period | 9904 | €14,006 | -€2,911 | -€16,917 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,006 | -€2,911 | -€16,917 |
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 30 October 2026 via checked.be.