TANX: 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.
What changed
TANX
NACE 18.120, Other printing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€27,274
2024 · -€38,800+€11,526
Equity
€484,068
2024 · €511,342-€27,274
Cash
€612
2024 · €1,176-€564
Balance sheet total
€598,040
2024 · €616,865-€18,825
Largest movements
Assets
- Receivables within one year -€16,927
down €16,927 (-4.7%), from €357,154 to €340,228
of which Other amounts receivable: -€19,690
Equity and liabilities
- Profit (loss) carried forward -€27,274
down €27,274 (-68.6%), from €39,778 to €12,503
Income statement
- Other operating charges -€11,819
down €11,819 (-84.9%), from €13,924 to €2,104
- Financial charges -€5,008
down €5,008 (-95.3%), from €5,257 to €249
- Financial income -€4,014
down €4,014 (-35.1%), from €11,442 to €7,428
- Taxes +€2,799
up €2,799 (+959%), from €292 to €3,091
- Gross operating margin +€852
up €852 (+3.1%), from -€27,063 to -€26,212
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.
Result 2024
-€38,800
Gross operating margin
+€852
Depreciation
+€660
Other operating charges
+€11,819
Financial income
-€4,014
Financial charges
+€5,008
Taxes
-€2,799
Result 2025
-€27,274
raises the resultlowers the result
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.
From operations
+€2,269
Investment
-€2,833
Financing
€0
Cash 2024
€1,176
From operations (derived)
+€2,269
Net result for the year
-€27,274
Depreciation
+€3,047
Receivables after one year
+€3,840
Stocks and contracts
-€2,864
Receivables within one year
+€16,927
Deferred charges and accrued income
+€144
Trade debts
+€2,900
Tax, wage and social debts
+€259
Other debts
+€5,225
Accrued charges and deferred income
+€66
Investment (derived)
-€2,833
Investment in fixed assets (net)
-€2,833
Cash 2025
€612
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €616,865 | €598,040 | -€18,825 | -3.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,569 | €3,355 | -€213 | -6.0% |
| Tangible fixed assets | 22/27 | €3,247 | €3,033 | -€213 | -6.6% |
| Plant, machinery and equipment | 23 | €433 | €0 | -€433 | -100% |
| Furniture and vehicles | 24 | €2,813 | €3,033 | +€220 | +7.8% |
| Financial fixed assets | 28 | €322 | €322 | = | 0.0% |
| Current assets | 29/58 | €613,296 | €594,685 | -€18,611 | -3.0% |
| Amounts receivable after more than one year | 29 | €38,056 | €34,216 | -€3,840 | -10.1% |
| Trade receivables | 290 | €38,056 | €34,216 | -€3,840 | -10.1% |
| Stocks and contracts in progress | 3 | €215,678 | €218,542 | +€2,864 | +1.3% |
| Stocks | 30/36 | €215,678 | €218,542 | +€2,864 | +1.3% |
| Amounts receivable within one year | 40/41 | €357,154 | €340,228 | -€16,927 | -4.7% |
| Trade receivables | 40 | €4,741 | €7,504 | +€2,763 | +58.3% |
| Other amounts receivable | 41 | €352,413 | €332,723 | -€19,690 | -5.6% |
| Cash at bank and in hand | 54/58 | €1,176 | €612 | -€564 | -47.9% |
| Deferred charges and accrued income | 490/1 | €1,232 | €1,087 | -€144 | -11.7% |
| Total equity and liabilities | 10/49 | €616,865 | €598,040 | -€18,825 | -3.1% |
| Equity | 10/15 | €511,342 | €484,068 | -€27,274 | -5.3% |
| Contributions | 10/11 | €82,193 | €82,193 | = | 0.0% |
| Reserves | 13 | €389,371 | €389,371 | = | 0.0% |
| Tax-exempt reserves | 132 | €227,102 | €227,102 | = | 0.0% |
| Distributable reserves | 133 | €162,269 | €162,269 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,778 | €12,503 | -€27,274 | -68.6% |
| Provisions and deferred taxes | 16 | €75,701 | €75,701 | = | 0.0% |
| Deferred taxes | 168 | €75,701 | €75,701 | = | 0.0% |
| Amounts payable | 17/49 | €29,823 | €38,272 | +€8,449 | +28.3% |
| Amounts payable within one year | 42/48 | €29,823 | €38,207 | +€8,384 | +28.1% |
| Trade debts | 44 | €3,117 | €6,017 | +€2,900 | +93.0% |
| Suppliers | 440/4 | €3,117 | €6,017 | +€2,900 | +93.0% |
| Taxes, remuneration and social security | 45 | €1,850 | €2,109 | +€259 | +14.0% |
| Taxes | 450/3 | €1,850 | €2,109 | +€259 | +14.0% |
| Other amounts payable | 47/48 | €24,856 | €30,081 | +€5,225 | +21.0% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,707 | €3,047 | -€660 | -17.8% |
| Other operating charges | 640/8 | €13,924 | €2,104 | -€11,819 | -84.9% |
| Gross operating margin | 9900 | -€27,063 | -€26,212 | +€852 | +3.1% |
| Operating profit (loss) | 9901 | -€44,693 | -€31,363 | +€13,331 | +29.8% |
| Financial income | 75/76B | €11,442 | €7,428 | -€4,014 | -35.1% |
| Recurring financial income | 75 | €11,442 | €7,428 | -€4,014 | -35.1% |
| Financial charges | 65/66B | €5,257 | €249 | -€5,008 | -95.3% |
| Recurring financial charges | 65 | €5,257 | €249 | -€5,008 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | -€38,509 | -€24,183 | +€14,325 | +37.2% |
| Income taxes | 67/77 | €292 | €3,091 | +€2,799 | +959% |
| Profit (loss) for the period | 9904 | -€38,800 | -€27,274 | +€11,526 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,800 | -€27,274 | +€11,526 | +29.7% |
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 14 October 2026 via checked.be.