TANGULA: 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.
TANGULA
Largest movements
- Current investments +€1.3m
new in 2025: €1.3m
- Cash -€1.2m
down €1.2m (-74.1%), from €1.6m to €424,215
mainly Current investments (-€1.3m) and Trade debts (-€670,735)
- Receivables within one year -€516,548
down €516,548 (-76.6%), from €674,723 to €158,174
of which Trade receivables: -€459,483
- Trade debts -€670,735
down €670,735 (-98.9%), from €678,438 to €7,703
- Profit (loss) carried forward +€264,529
up €264,529 (+312.0%), from €84,787 to €349,316
- Gross operating margin -€708,522
down €708,522 (-66.6%), from €1.1m to €355,771
- Taxes -€165,707
down €165,707 (-63.6%), from €260,693 to €94,986
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 | €2,316,501 | €1,888,800 | -€427,701 | -18.5% |
| Fixed assets | 21/28 | €4,309 | €6,852 | +€2,543 | +59.0% |
| Intangible fixed assets | 21 | €486 | €3,386 | +€2,900 | +596.9% |
| Tangible fixed assets | 22/27 | €3,823 | €3,466 | -€357 | -9.3% |
| Furniture and vehicles | 24 | €3,823 | €3,466 | -€357 | -9.3% |
| Current assets | 29/58 | €2,312,192 | €1,881,948 | -€430,244 | -18.6% |
| Amounts receivable within one year | 40/41 | €674,723 | €158,174 | -€516,548 | -76.6% |
| Trade receivables | 40 | €571,380 | €111,897 | -€459,483 | -80.4% |
| Other amounts receivable | 41 | €103,342 | €46,277 | -€57,065 | -55.2% |
| Current investments | 50/53 | - | €1,299,559 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €1,637,470 | €424,215 | -€1.2m | -74.1% |
| Total equity and liabilities | 10/49 | €2,316,501 | €1,888,800 | -€427,701 | -18.5% |
| Equity | 10/15 | €89,787 | €354,316 | +€264,529 | +294.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,787 | €349,316 | +€264,529 | +312.0% |
| Amounts payable | 17/49 | €2,226,714 | €1,534,483 | -€692,231 | -31.1% |
| Amounts payable within one year | 42/48 | €2,226,714 | €1,534,483 | -€692,231 | -31.1% |
| Trade debts | 44 | €678,438 | €7,703 | -€670,735 | -98.9% |
| Suppliers | 440/4 | €678,438 | €7,703 | -€670,735 | -98.9% |
| Taxes, remuneration and social security | 45 | €16,519 | - | -€16,519 | |
| Taxes | 450/3 | €16,519 | - | -€16,519 | |
| Other amounts payable | 47/48 | €1,531,757 | €1,526,781 | -€4,976 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,012 | €2,588 | -€424 | -14.1% |
| Other operating charges | 640/8 | €3,446 | €3,973 | +€527 | +15.3% |
| Gross operating margin | 9900 | €1,064,293 | €355,771 | -€708,522 | -66.6% |
| Operating profit (loss) | 9901 | €1,057,835 | €349,210 | -€708,625 | -67.0% |
| Financial income | 75/76B | €10,317 | €13,570 | +€3,253 | +31.5% |
| Recurring financial income | 75 | €10,317 | €13,570 | +€3,253 | +31.5% |
| Financial charges | 65/66B | €1,412 | €3,264 | +€1,852 | +131.1% |
| Recurring financial charges | 65 | €1,412 | €3,264 | +€1,852 | +131.1% |
| Profit (loss) for the period before taxes | 9903 | €1,066,740 | €359,516 | -€707,224 | -66.3% |
| Income taxes | 67/77 | €260,693 | €94,986 | -€165,707 | -63.6% |
| Profit (loss) for the period | 9904 | €806,046 | €264,529 | -€541,517 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €806,046 | €264,529 | -€541,517 | -67.2% |
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 4 October 2026 via checked.be.