TANICO: 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.
TANICO
Largest movements
- Cash -€40,762
down €40,762 (-51.3%), from €79,529 to €38,767
mainly Investment in fixed assets (net) (-€28,326) and Net result for the year (-€27,463)
- Profit (loss) carried forward -€16,881
down €16,881 (-295.0%), from -€5,723 to -€22,604
- Debts after one year -€11,384
down €11,384 (-6.0%), from €189,427 to €178,043
- Reserves -€10,582
down €10,582 (-6.6%), from €159,836 to €149,254
- Trade debts -€5,570
down €5,570 (-88.1%), from €6,324 to €755
- Financial income -€64,714
down €64,714 (-99.5%), from €65,031 to €317
of which Non-recurring financial income: -€64,689
- Gross operating margin +€11,066
up €11,066, from -€2,408 to €8,659
- Depreciation +€10,992
up €10,992 (+52.8%), from €20,799 to €31,791
- Financial charges -€3,162
down €3,162 (-36.7%), from €8,628 to €5,466
- Other operating charges -€778
down €778 (-22.3%), from €3,487 to €2,709
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 | €543,855 | €500,511 | -€43,343 | -8.0% |
| Fixed assets | 21/28 | €464,152 | €460,687 | -€3,465 | -0.7% |
| Tangible fixed assets | 22/27 | €464,152 | €460,687 | -€3,465 | -0.7% |
| Land and buildings | 22 | €464,152 | €460,687 | -€3,465 | -0.7% |
| Current assets | 29/58 | €79,703 | €39,824 | -€39,879 | -50.0% |
| Amounts receivable within one year | 40/41 | €128 | €1,057 | +€928 | +723.1% |
| Trade receivables | 40 | - | €962 | +€962 | |
| Other amounts receivable | 41 | €128 | €95 | -€34 | -26.1% |
| Cash at bank and in hand | 54/58 | €79,529 | €38,767 | -€40,762 | -51.3% |
| Deferred charges and accrued income | 490/1 | €45 | - | -€45 | |
| Total equity and liabilities | 10/49 | €543,855 | €500,511 | -€43,343 | -8.0% |
| Equity | 10/15 | €270,669 | €243,206 | -€27,463 | -10.1% |
| Contributions | 10/11 | €116,556 | €116,556 | = | 0.0% |
| Reserves | 13 | €159,836 | €149,254 | -€10,582 | -6.6% |
| Tax-exempt reserves | 132 | €159,836 | €149,254 | -€10,582 | -6.6% |
| Profit (loss) carried forward | 14 | -€5,723 | -€22,604 | -€16,881 | -295.0% |
| Provisions and deferred taxes | 16 | €53,279 | €49,751 | -€3,527 | -6.6% |
| Deferred taxes | 168 | €53,279 | €49,751 | -€3,527 | -6.6% |
| Amounts payable | 17/49 | €219,907 | €207,554 | -€12,353 | -5.6% |
| Amounts payable after more than one year | 17 | €189,427 | €178,043 | -€11,384 | -6.0% |
| Financial debts | 170/4 | €189,427 | €178,043 | -€11,384 | -6.0% |
| Amounts payable within one year | 42/48 | €29,445 | €28,455 | -€990 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €11,120 | €11,384 | +€265 | +2.4% |
| Trade debts | 44 | €6,324 | €755 | -€5,570 | -88.1% |
| Suppliers | 440/4 | €6,324 | €755 | -€5,570 | -88.1% |
| Other amounts payable | 47/48 | €12,000 | €16,316 | +€4,315 | +36.0% |
| Accrued charges and deferred income | 492/3 | €1,035 | €1,056 | +€21 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,799 | €31,791 | +€10,992 | +52.8% |
| Other operating charges | 640/8 | €3,487 | €2,709 | -€778 | -22.3% |
| Gross operating margin | 9900 | -€2,408 | €8,659 | +€11,066 | |
| Operating profit (loss) | 9901 | -€26,695 | -€25,842 | +€853 | +3.2% |
| Financial income | 75/76B | €65,031 | €317 | -€64,714 | -99.5% |
| Recurring financial income | 75 | €343 | €317 | -€26 | -7.5% |
| Non-recurring financial income | 76B | €64,689 | - | -€64,689 | |
| Financial charges | 65/66B | €8,628 | €5,466 | -€3,162 | -36.7% |
| Recurring financial charges | 65 | €8,628 | €5,466 | -€3,162 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €29,709 | -€30,990 | -€60,699 | |
| Transfer from deferred taxes | 780 | €33,482 | €3,527 | -€29,955 | -89.5% |
| Profit (loss) for the period | 9904 | €63,191 | -€27,463 | -€90,654 | |
| Transfer from tax-exempt reserves | 789 | €100,446 | €10,582 | -€89,864 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €163,637 | -€16,881 | -€180,518 |
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 29 September 2026 via checked.be.