Tanhel: 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.
Tanhel
Largest movements
- Cash +€40,363
up €40,363 (+43.8%), from €92,049 to €132,412
mainly Receivables within one year (+€23,370) and Depreciation (+€12,919)
- Receivables within one year -€23,370
down €23,370 (-33.5%), from €69,786 to €46,416
of which Other amounts receivable: -€23,443
- Tangible fixed assets -€12,919
down €12,919 (-15.6%), from €82,945 to €70,027
of which Land and buildings: -€7,378
- Reserves +€5,325
up €5,325 (+85.9%), from €6,200 to €11,525
of which Distributable reserves: +€5,325
- Gross operating margin -€6,395
down €6,395 (-19.3%), from €33,157 to €26,762
- Other operating charges -€2,694
down €2,694 (-38.8%), from €6,941 to €4,247
- Taxes +€1,604
up €1,604 (+72.4%), from €2,214 to €3,818
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 | €246,371 | €250,459 | +€4,088 | +1.7% |
| Fixed assets | 21/28 | €82,945 | €70,027 | -€12,919 | -15.6% |
| Tangible fixed assets | 22/27 | €82,945 | €70,027 | -€12,919 | -15.6% |
| Land and buildings | 22 | €64,698 | €57,320 | -€7,378 | -11.4% |
| Plant, machinery and equipment | 23 | €18,247 | €12,707 | -€5,540 | -30.4% |
| Current assets | 29/58 | €163,425 | €180,432 | +€17,007 | +10.4% |
| Amounts receivable within one year | 40/41 | €69,786 | €46,416 | -€23,370 | -33.5% |
| Trade receivables | 40 | - | €73 | +€73 | |
| Other amounts receivable | 41 | €69,786 | €46,343 | -€23,443 | -33.6% |
| Cash at bank and in hand | 54/58 | €92,049 | €132,412 | +€40,363 | +43.8% |
| Deferred charges and accrued income | 490/1 | €1,591 | €1,604 | +€13 | +0.8% |
| Total equity and liabilities | 10/49 | €246,371 | €250,459 | +€4,088 | +1.7% |
| Equity | 10/15 | €233,933 | €239,258 | +€5,325 | +2.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,200 | €11,525 | +€5,325 | +85.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | - | €5,325 | +€5,325 | |
| Profit (loss) carried forward | 14 | €165,760 | €165,760 | = | 0.0% |
| Amounts payable | 17/49 | €12,437 | €11,201 | -€1,236 | -9.9% |
| Amounts payable after more than one year | 17 | €3,219 | €3,219 | = | 0.0% |
| Other amounts payable | 178/9 | €3,219 | €3,219 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,218 | €7,982 | -€1,236 | -13.4% |
| Trade debts | 44 | €524 | - | -€524 | |
| Suppliers | 440/4 | €524 | - | -€524 | |
| Taxes, remuneration and social security | 45 | €712 | - | -€712 | |
| Taxes | 450/3 | €712 | - | -€712 | |
| Other amounts payable | 47/48 | €7,982 | €7,982 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,919 | €12,919 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,941 | €4,247 | -€2,694 | -38.8% |
| Gross operating margin | 9900 | €33,157 | €26,762 | -€6,395 | -19.3% |
| Operating profit (loss) | 9901 | €12,911 | €9,197 | -€3,714 | -28.8% |
| Financial charges | 65/66B | €53 | €54 | +€1 | +1.6% |
| Recurring financial charges | 65 | €53 | €54 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €12,858 | €9,143 | -€3,715 | -28.9% |
| Income taxes | 67/77 | €2,214 | €3,818 | +€1,604 | +72.4% |
| Profit (loss) for the period | 9904 | €10,643 | €5,325 | -€5,318 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,643 | €5,325 | -€5,318 | -50.0% |
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 5 October 2026 via checked.be.