TANK ONE: 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.
TANK ONE
Largest movements
- Tangible fixed assets -€2.0m
down €2.0m (-24.5%), from €8.3m to €6.3m
of which Leasing and similar rights: -€2.1m
- Cash -€102,216
down €102,216 (-24.4%), from €418,486 to €316,270
mainly Debts after one year (-€1.7m) and Contributions, distributions and other (-€305,350)
- Debts after one year -€1.7m
down €1.7m (-32.1%), from €5.3m to €3.6m
- Other debts -€213,104
down €213,104 (-26.0%), from €819,075 to €605,970
- Current portion of long-term debt -€180,050
down €180,050 (-22.9%), from €785,401 to €605,350
- Revaluation surpluses -€143,132
down €143,132 (-66.3%), from €216,038 to €72,907
- Trade debts -€129,786
down €129,786 (-50.6%), from €256,297 to €126,511
- Gross operating margin -€126,749
down €126,749 (-7.6%), from €1.7m to €1.5m
- Depreciation -€117,594
down €117,594 (-17.6%), from €668,362 to €550,767
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 | €9,005,538 | €6,782,443 | -€2.2m | -24.7% |
| Fixed assets | 21/28 | €8,337,893 | €6,297,590 | -€2.0m | -24.5% |
| Tangible fixed assets | 22/27 | €8,337,893 | €6,297,590 | -€2.0m | -24.5% |
| Plant, machinery and equipment | 23 | €2,834,671 | €2,956,739 | +€122,069 | +4.3% |
| Furniture and vehicles | 24 | €2,548 | €146 | -€2,402 | -94.3% |
| Leasing and similar rights | 25 | €5,454,921 | €3,306,136 | -€2.1m | -39.4% |
| Other tangible fixed assets | 26 | €45,753 | €34,569 | -€11,184 | -24.4% |
| Current assets | 29/58 | €667,645 | €484,852 | -€182,792 | -27.4% |
| Amounts receivable within one year | 40/41 | €247,179 | €166,007 | -€81,172 | -32.8% |
| Trade receivables | 40 | €200,061 | €98,804 | -€101,257 | -50.6% |
| Other amounts receivable | 41 | €47,119 | €67,203 | +€20,085 | +42.6% |
| Cash at bank and in hand | 54/58 | €418,486 | €316,270 | -€102,216 | -24.4% |
| Deferred charges and accrued income | 490/1 | €1,980 | €2,575 | +€596 | +30.1% |
| Total equity and liabilities | 10/49 | €9,005,538 | €6,782,443 | -€2.2m | -24.7% |
| Equity | 10/15 | €1,719,472 | €1,700,056 | -€19,415 | -1.1% |
| Contributions | 10/11 | €1,266,500 | €1,266,500 | = | 0.0% |
| Capital | 10 | €1,266,500 | €1,266,500 | = | 0.0% |
| Issued capital | 100 | €1,266,500 | €1,266,500 | = | 0.0% |
| Revaluation surpluses | 12 | €216,038 | €72,907 | -€143,132 | -66.3% |
| Reserves | 13 | €236,933 | €360,650 | +€123,716 | +52.2% |
| Non-distributable reserves | 130/1 | €68,178 | €82,475 | +€14,297 | +21.0% |
| Legal reserve | 130 | €68,178 | €82,475 | +€14,297 | +21.0% |
| Distributable reserves | 133 | €168,755 | €278,175 | +€109,420 | +64.8% |
| Amounts payable | 17/49 | €7,286,066 | €5,082,387 | -€2.2m | -30.2% |
| Amounts payable after more than one year | 17 | €5,327,477 | €3,614,815 | -€1.7m | -32.1% |
| Financial debts | 170/4 | €5,327,477 | €3,614,815 | -€1.7m | -32.1% |
| Amounts payable within one year | 42/48 | €1,922,549 | €1,439,214 | -€483,335 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €785,401 | €605,350 | -€180,050 | -22.9% |
| Trade debts | 44 | €256,297 | €126,511 | -€129,786 | -50.6% |
| Suppliers | 440/4 | €256,297 | €126,511 | -€129,786 | -50.6% |
| Taxes, remuneration and social security | 45 | €61,776 | €101,383 | +€39,606 | +64.1% |
| Taxes | 450/3 | €61,776 | €101,383 | +€39,606 | +64.1% |
| Other amounts payable | 47/48 | €819,075 | €605,970 | -€213,104 | -26.0% |
| Accrued charges and deferred income | 492/3 | €36,040 | €28,357 | -€7,683 | -21.3% |
| Non-recurring operating income | 76A | €21,419 | €254,558 | +€233,139 | +1,088% |
| Remuneration, social security and pensions | 62 | €34,911 | €48,386 | +€13,475 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €668,362 | €550,767 | -€117,594 | -17.6% |
| Other operating charges | 640/8 | €268,567 | €252,633 | -€15,933 | -5.9% |
| Non-recurring operating charges | 66A | €13,558 | - | -€13,558 | |
| Gross operating margin | 9900 | €1,666,790 | €1,540,041 | -€126,749 | -7.6% |
| Operating profit (loss) | 9901 | €681,392 | €688,255 | +€6,862 | +1.0% |
| Financial income | 75/76B | €138 | €981 | +€843 | +611% |
| Recurring financial income | 75 | €138 | €981 | +€843 | +611% |
| Financial charges | 65/66B | €285,858 | €301,539 | +€15,682 | +5.5% |
| Recurring financial charges | 65 | €285,858 | €301,539 | +€15,682 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €395,673 | €387,697 | -€7,976 | -2.0% |
| Income taxes | 67/77 | €104,219 | €101,762 | -€2,457 | -2.4% |
| Profit (loss) for the period | 9904 | €291,454 | €285,934 | -€5,519 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €291,454 | €285,934 | -€5,519 | -1.9% |
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 23 October 2026 via checked.be.