TANTIEST: 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.
TANTIEST
Largest movements
- Tangible fixed assets +€81,476
up €81,476 (+59.5%), from €136,963 to €218,439
of which Furniture and vehicles: +€75,247
- Receivables within one year +€17,520
up €17,520 (+14.1%), from €124,136 to €141,656
of which Trade receivables: +€27,281
- Cash -€14,516
down €14,516 (-29.1%), from €49,959 to €35,443
mainly Investment in fixed assets (net) (-€114,616) and Receivables within one year (-€17,520)
- Debts after one year +€54,236
up €54,236 (+24.5%), from €221,507 to €275,743
- Profit (loss) carried forward +€18,227
up €18,227 (+79.0%), from €23,057 to €41,284
- Current portion of long-term debt +€7,987
up €7,987 (+24.8%), from €32,198 to €40,184
- Accrued charges and deferred income +€4,545
new in 2025: €4,545
- Gross operating margin -€41,080
down €41,080 (-23.9%), from €172,134 to €131,054
- Staff costs -€11,827
down €11,827 (-15.1%), from €78,292 to €66,464
- Taxes -€5,456
down €5,456 (-44.6%), from €12,242 to €6,785
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 | €367,126 | €452,030 | +€84,904 | +23.1% |
| Fixed assets | 21/28 | €136,963 | €218,439 | +€81,476 | +59.5% |
| Tangible fixed assets | 22/27 | €136,963 | €218,439 | +€81,476 | +59.5% |
| Land and buildings | 22 | €110,259 | €95,233 | -€15,026 | -13.6% |
| Plant, machinery and equipment | 23 | €13,111 | €34,366 | +€21,255 | +162.1% |
| Furniture and vehicles | 24 | €13,592 | €88,839 | +€75,247 | +553.6% |
| Current assets | 29/58 | €230,164 | €233,591 | +€3,428 | +1.5% |
| Stocks and contracts in progress | 3 | €7,150 | €5,950 | -€1,200 | -16.8% |
| Stocks | 30/36 | €7,150 | €5,950 | -€1,200 | -16.8% |
| Amounts receivable within one year | 40/41 | €124,136 | €141,656 | +€17,520 | +14.1% |
| Trade receivables | 40 | €1,827 | €29,108 | +€27,281 | +1493.0% |
| Other amounts receivable | 41 | €122,309 | €112,548 | -€9,761 | -8.0% |
| Cash at bank and in hand | 54/58 | €49,959 | €35,443 | -€14,516 | -29.1% |
| Deferred charges and accrued income | 490/1 | €48,919 | €50,542 | +€1,624 | +3.3% |
| Total equity and liabilities | 10/49 | €367,126 | €452,030 | +€84,904 | +23.1% |
| Equity | 10/15 | €98,057 | €116,284 | +€18,227 | +18.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,057 | €41,284 | +€18,227 | +79.0% |
| Amounts payable | 17/49 | €269,069 | €335,746 | +€66,677 | +24.8% |
| Amounts payable after more than one year | 17 | €221,507 | €275,743 | +€54,236 | +24.5% |
| Financial debts | 170/4 | €221,507 | €275,743 | +€54,236 | +24.5% |
| Amounts payable within one year | 42/48 | €47,561 | €55,458 | +€7,896 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €32,198 | €40,184 | +€7,987 | +24.8% |
| Trade debts | 44 | €11,334 | €11,426 | +€92 | +0.8% |
| Suppliers | 440/4 | €11,334 | €11,426 | +€92 | +0.8% |
| Taxes, remuneration and social security | 45 | €4,030 | €3,848 | -€182 | -4.5% |
| Remuneration and social security | 454/9 | €4,030 | €3,848 | -€182 | -4.5% |
| Accrued charges and deferred income | 492/3 | - | €4,545 | +€4,545 | |
| Remuneration, social security and pensions | 62 | €78,292 | €66,464 | -€11,827 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,501 | €33,139 | -€361 | -1.1% |
| Other operating charges | 640/8 | €2,706 | €3,041 | +€336 | +12.4% |
| Gross operating margin | 9900 | €172,134 | €131,054 | -€41,080 | -23.9% |
| Operating profit (loss) | 9901 | €57,636 | €28,409 | -€29,227 | -50.7% |
| Financial income | 75/76B | €5,387 | €4,685 | -€703 | -13.0% |
| Recurring financial income | 75 | €5,387 | €4,685 | -€703 | -13.0% |
| Financial charges | 65/66B | €9,202 | €8,082 | -€1,120 | -12.2% |
| Recurring financial charges | 65 | €9,202 | €8,082 | -€1,120 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €53,822 | €25,012 | -€28,810 | -53.5% |
| Income taxes | 67/77 | €12,242 | €6,785 | -€5,456 | -44.6% |
| Profit (loss) for the period | 9904 | €41,580 | €18,227 | -€23,353 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,580 | €18,227 | -€23,353 | -56.2% |
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 8 October 2026 via checked.be.