TANO: 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.
TANO
Largest movements
- Cash +€113,991
up €113,991 (+109%), from €104,219 to €218,210
mainly Depreciation (+€111,301) and Net result for the year (+€60,126)
- Tangible fixed assets -€92,251
down €92,251 (-8.0%), from €1.1m to €1.1m
of which Land and buildings: -€91,331
- Reserves +€60,126
up €60,126 (+10.0%), from €598,997 to €659,123
of which Non-distributable reserves: +€43,666
- Debts after one year -€38,550
down €38,550 (-68.1%), from €56,617 to €18,068
- Depreciation -€18,073
down €18,073 (-14.0%), from €129,374 to €111,301
- Gross operating margin +€7,249
up €7,249 (+3.2%), from €229,857 to €237,105
- Taxes +€3,716
up €3,716 (+19.8%), from €18,756 to €22,472
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 | €1,612,894 | €1,643,536 | +€30,642 | +1.9% |
| Fixed assets | 21/28 | €1,149,958 | €1,057,708 | -€92,251 | -8.0% |
| Tangible fixed assets | 22/27 | €1,149,958 | €1,057,708 | -€92,251 | -8.0% |
| Land and buildings | 22 | €1,145,109 | €1,053,778 | -€91,331 | -8.0% |
| Plant, machinery and equipment | 23 | €4,850 | €3,930 | -€920 | -19.0% |
| Current assets | 29/58 | €462,936 | €585,829 | +€122,893 | +26.5% |
| Amounts receivable after more than one year | 29 | €137,596 | €139,482 | +€1,887 | +1.4% |
| Other amounts receivable | 291 | €137,596 | €139,482 | +€1,887 | +1.4% |
| Amounts receivable within one year | 40/41 | €1,795 | €9,319 | +€7,524 | +419% |
| Trade receivables | 40 | €0 | €6,122 | +€6,122 | |
| Other amounts receivable | 41 | €1,795 | €3,197 | +€1,402 | +78.1% |
| Current investments | 50/53 | €215,115 | €216,153 | +€1,038 | +0.5% |
| Cash at bank and in hand | 54/58 | €104,219 | €218,210 | +€113,991 | +109% |
| Deferred charges and accrued income | 490/1 | €4,210 | €2,663 | -€1,547 | -36.7% |
| Total equity and liabilities | 10/49 | €1,612,894 | €1,643,536 | +€30,642 | +1.9% |
| Equity | 10/15 | €1,440,117 | €1,500,243 | +€60,126 | +4.2% |
| Contributions | 10/11 | €841,120 | €841,120 | = | 0.0% |
| Capital | 10 | €841,120 | €841,120 | = | 0.0% |
| Issued capital | 100 | €841,120 | €841,120 | = | 0.0% |
| Reserves | 13 | €598,997 | €659,123 | +€60,126 | +10.0% |
| Non-distributable reserves | 130/1 | €40,446 | €84,112 | +€43,666 | +108% |
| Legal reserve | 130 | €40,446 | €84,112 | +€43,666 | +108% |
| Distributable reserves | 133 | €558,551 | €575,011 | +€16,460 | +2.9% |
| Amounts payable | 17/49 | €172,777 | €143,293 | -€29,484 | -17.1% |
| Amounts payable after more than one year | 17 | €56,617 | €18,068 | -€38,550 | -68.1% |
| Financial debts | 170/4 | €56,617 | €18,068 | -€38,550 | -68.1% |
| Amounts payable within one year | 42/48 | €105,715 | €113,729 | +€8,014 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €37,821 | €38,550 | +€728 | +1.9% |
| Trade debts | 44 | €2,280 | €3,659 | +€1,379 | +60.5% |
| Suppliers | 440/4 | €2,280 | €3,659 | +€1,379 | +60.5% |
| Taxes, remuneration and social security | 45 | €11,521 | €11,411 | -€110 | -1.0% |
| Taxes | 450/3 | €11,521 | €11,411 | -€110 | -1.0% |
| Other amounts payable | 47/48 | €54,093 | €60,110 | +€6,017 | +11.1% |
| Accrued charges and deferred income | 492/3 | €10,444 | €11,496 | +€1,052 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,374 | €111,301 | -€18,073 | -14.0% |
| Other operating charges | 640/8 | €43,297 | €44,812 | +€1,515 | +3.5% |
| Gross operating margin | 9900 | €229,857 | €237,105 | +€7,249 | +3.2% |
| Operating profit (loss) | 9901 | €57,186 | €80,992 | +€23,806 | +41.6% |
| Financial income | 75/76B | €4,033 | €4,237 | +€204 | +5.0% |
| Recurring financial income | 75 | €4,033 | €4,237 | +€204 | +5.0% |
| Financial charges | 65/66B | €3,231 | €2,631 | -€601 | -18.6% |
| Recurring financial charges | 65 | €3,231 | €2,631 | -€601 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €57,988 | €82,598 | +€24,610 | +42.4% |
| Income taxes | 67/77 | €18,756 | €22,472 | +€3,716 | +19.8% |
| Profit (loss) for the period | 9904 | €39,232 | €60,126 | +€20,894 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,232 | €60,126 | +€20,894 | +53.3% |
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 20 October 2026 via checked.be.