TANOR: 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.
TANOR
Largest movements
- Stocks and contracts +€10,885
up €10,885 (+336%), from €3,239 to €14,124
- Receivables within one year -€10,111
down €10,111 (-3.5%), from €285,389 to €275,278
- Cash -€8,669
down €8,669 (-66.7%), from €12,997 to €4,328
mainly Net result for the year (-€42,499) and Stocks and contracts (-€10,885)
- Tangible fixed assets -€6,130
down €6,130 (-22.3%), from €27,510 to €21,380
of which Plant, machinery and equipment: -€3,640
- Profit (loss) carried forward -€42,499
down €42,499 (-14.9%), from €285,837 to €243,339
- Trade debts +€33,855
up €33,855 (+285%), from €11,879 to €45,734
- Staff costs +€127,329
up €127,329 (+68.0%), from €187,274 to €314,603
- Gross operating margin +€89,643
up €89,643 (+45.3%), from €197,674 to €287,317
- Taxes -€21,937
no longer reported in 2025 (was €21,937)
- Other operating charges +€5,413
up €5,413 (+240%), from €2,254 to €7,667
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 | €335,435 | €323,511 | -€11,924 | -3.6% |
| Fixed assets | 21/28 | €33,810 | €27,680 | -€6,130 | -18.1% |
| Tangible fixed assets | 22/27 | €27,510 | €21,380 | -€6,130 | -22.3% |
| Plant, machinery and equipment | 23 | €8,940 | €5,300 | -€3,640 | -40.7% |
| Furniture and vehicles | 24 | €2,310 | €1,450 | -€860 | -37.2% |
| Other tangible fixed assets | 26 | €16,260 | €14,630 | -€1,630 | -10.0% |
| Financial fixed assets | 28 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €301,625 | €295,831 | -€5,794 | -1.9% |
| Stocks and contracts in progress | 3 | €3,239 | €14,124 | +€10,885 | +336% |
| Stocks | 30/36 | €3,239 | €14,124 | +€10,885 | +336% |
| Amounts receivable within one year | 40/41 | €285,389 | €275,278 | -€10,111 | -3.5% |
| Other amounts receivable | 41 | €285,389 | €275,278 | -€10,111 | -3.5% |
| Cash at bank and in hand | 54/58 | €12,997 | €4,328 | -€8,669 | -66.7% |
| Deferred charges and accrued income | 490/1 | - | €2,100 | +€2,100 | |
| Total equity and liabilities | 10/49 | €335,435 | €323,511 | -€11,924 | -3.6% |
| Equity | 10/15 | €288,837 | €246,339 | -€42,499 | -14.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €285,837 | €243,339 | -€42,499 | -14.9% |
| Amounts payable | 17/49 | €46,598 | €77,172 | +€30,574 | +65.6% |
| Amounts payable within one year | 42/48 | €46,598 | €77,172 | +€30,574 | +65.6% |
| Trade debts | 44 | €11,879 | €45,734 | +€33,855 | +285% |
| Suppliers | 440/4 | €11,879 | €45,734 | +€33,855 | +285% |
| Taxes, remuneration and social security | 45 | €34,718 | €31,438 | -€3,280 | -9.4% |
| Taxes | 450/3 | €25,672 | €811 | -€24,861 | -96.8% |
| Remuneration and social security | 454/9 | €9,047 | €30,627 | +€21,581 | +239% |
| Remuneration, social security and pensions | 62 | €187,274 | €314,603 | +€127,329 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,874 | €7,429 | +€1,555 | +26.5% |
| Other operating charges | 640/8 | €2,254 | €7,667 | +€5,413 | +240% |
| Gross operating margin | 9900 | €197,674 | €287,317 | +€89,643 | +45.3% |
| Operating profit (loss) | 9901 | €2,272 | -€42,382 | -€44,654 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €345 | €117 | -€228 | -66.0% |
| Recurring financial charges | 65 | €345 | €117 | -€228 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €1,928 | -€42,499 | -€44,426 | |
| Income taxes | 67/77 | €21,937 | - | -€21,937 | |
| Profit (loss) for the period | 9904 | -€20,010 | -€42,499 | -€22,489 | -112% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,010 | -€42,499 | -€22,489 | -112% |
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 17 October 2026 via checked.be.