TGN Consulting: 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.
TGN Consulting
Largest movements
- Tangible fixed assets +€65,571
up €65,571 (+312%), from €21,045 to €86,617
of which Land and buildings: +€72,502
- Receivables within one year +€54,050
up €54,050 (+460%), from €11,752 to €65,802
of which Other amounts receivable: +€48,769
- Current investments -€29,905
down €29,905 (-46.5%), from €64,366 to €34,462
- Cash +€3,135
up €3,135 (+16.1%), from €19,502 to €22,637
mainly Net result for the year (+€44,223) and Current investments (+€29,905)
- Profit (loss) carried forward +€44,223
up €44,223 (+47.0%), from €94,051 to €138,275
- Debts after one year +€29,111
new in 2025: €29,111
- Current portion of long-term debt +€17,679
new in 2025: €17,679
- Tax, wage and social debts +€4,661
up €4,661 (+31.0%), from €15,039 to €19,701
- Other debts -€2,234
no longer reported in 2025 (was €2,234)
- Other operating charges +€7,578
up €7,578 (+1,605%), from €472 to €8,050
- Gross operating margin +€2,750
up €2,750 (+3.7%), from €73,716 to €76,467
- Financial income +€2,052
up €2,052 (+4,103,560%), from €0 to €2,052
- Depreciation +€2,043
up €2,043 (+34.7%), from €5,885 to €7,929
- Taxes -€1,376
down €1,376 (-10.4%), from €13,279 to €11,903
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 | €117,963 | €210,899 | +€92,936 | +78.8% |
| Fixed assets | 21/28 | €21,045 | €86,617 | +€65,571 | +312% |
| Tangible fixed assets | 22/27 | €21,045 | €86,617 | +€65,571 | +312% |
| Land and buildings | 22 | - | €72,502 | +€72,502 | |
| Plant, machinery and equipment | 23 | €8,741 | €5,321 | -€3,421 | -39.1% |
| Furniture and vehicles | 24 | €12,304 | €8,794 | -€3,510 | -28.5% |
| Current assets | 29/58 | €96,918 | €124,283 | +€27,365 | +28.2% |
| Amounts receivable within one year | 40/41 | €11,752 | €65,802 | +€54,050 | +460% |
| Trade receivables | 40 | €11,752 | €17,033 | +€5,281 | +44.9% |
| Other amounts receivable | 41 | - | €48,769 | +€48,769 | |
| Current investments | 50/53 | €64,366 | €34,462 | -€29,905 | -46.5% |
| Cash at bank and in hand | 54/58 | €19,502 | €22,637 | +€3,135 | +16.1% |
| Deferred charges and accrued income | 490/1 | €1,297 | €1,382 | +€85 | +6.5% |
| Total equity and liabilities | 10/49 | €117,963 | €210,899 | +€92,936 | +78.8% |
| Equity | 10/15 | €100,051 | €144,275 | +€44,223 | +44.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,051 | €138,275 | +€44,223 | +47.0% |
| Amounts payable | 17/49 | €17,912 | €66,625 | +€48,713 | +272% |
| Amounts payable after more than one year | 17 | - | €29,111 | +€29,111 | |
| Financial debts | 170/4 | - | €29,111 | +€29,111 | |
| Amounts payable within one year | 42/48 | €17,912 | €37,514 | +€19,602 | +109% |
| Current portion of amounts payable after more than one year | 42 | - | €17,679 | +€17,679 | |
| Trade debts | 44 | €639 | €134 | -€505 | -79.0% |
| Suppliers | 440/4 | €639 | €134 | -€505 | -79.0% |
| Taxes, remuneration and social security | 45 | €15,039 | €19,701 | +€4,661 | +31.0% |
| Taxes | 450/3 | €15,039 | €19,701 | +€4,661 | +31.0% |
| Other amounts payable | 47/48 | €2,234 | - | -€2,234 | |
| Remuneration, social security and pensions | 62 | €1,920 | €1,920 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,885 | €7,929 | +€2,043 | +34.7% |
| Other operating charges | 640/8 | €472 | €8,050 | +€7,578 | +1,605% |
| Gross operating margin | 9900 | €73,716 | €76,467 | +€2,750 | +3.7% |
| Operating profit (loss) | 9901 | €65,439 | €58,568 | -€6,871 | -10.5% |
| Financial income | 75/76B | €0 | €2,052 | +€2,052 | +4,103,560% |
| Recurring financial income | 75 | €0 | €2,052 | +€2,052 | +4,103,560% |
| Financial charges | 65/66B | €4,955 | €4,494 | -€461 | -9.3% |
| Recurring financial charges | 65 | €4,955 | €4,494 | -€461 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €60,484 | €56,126 | -€4,358 | -7.2% |
| Income taxes | 67/77 | €13,279 | €11,903 | -€1,376 | -10.4% |
| Profit (loss) for the period | 9904 | €47,205 | €44,223 | -€2,982 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,205 | €44,223 | -€2,982 | -6.3% |
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 16 October 2026 via checked.be.