TNG: 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.
TNG
Largest movements
- Tangible fixed assets -€154,978
down €154,978 (-4.9%), from €3.2m to €3.0m
- Debts after one year -€565,009
down €565,009 (-30.9%), from €1.8m to €1.3m
of which Financial debts: -€565,009
- Current portion of long-term debt +€214,480
up €214,480 (+144.7%), from €148,221 to €362,701
- Other debts +€129,352
up €129,352 (+17.6%), from €736,985 to €866,338
- Profit (loss) carried forward +€66,558
up €66,558 (+113.5%), from €58,652 to €125,210
- Gross operating margin +€50,771
up €50,771 (+14.0%), from €363,470 to €414,241
- Financial charges +€27,979
up €27,979 (+48.6%), from €57,609 to €85,588
- Other operating charges -€23,816
down €23,816 (-21.8%), from €109,298 to €85,482
- Taxes +€13,098
new in 2024: €13,098
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,170,633 | €3,010,297 | -€160,336 | -5.1% |
| Fixed assets | 21/28 | €3,165,204 | €3,010,226 | -€154,978 | -4.9% |
| Tangible fixed assets | 22/27 | €3,165,204 | €3,010,226 | -€154,978 | -4.9% |
| Land and buildings | 22 | €3,165,204 | €3,010,226 | -€154,978 | -4.9% |
| Current assets | 29/58 | €5,429 | €71 | -€5,358 | -98.7% |
| Cash at bank and in hand | 54/58 | €5,429 | €71 | -€5,358 | -98.7% |
| Total equity and liabilities | 10/49 | €3,170,633 | €3,010,297 | -€160,336 | -5.1% |
| Equity | 10/15 | €213,472 | €280,030 | +€66,558 | +31.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €4,820 | €4,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,820 | €4,820 | = | 0.0% |
| Legal reserve | 130 | €4,820 | €4,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,652 | €125,210 | +€66,558 | +113.5% |
| Amounts payable | 17/49 | €2,957,161 | €2,730,268 | -€226,894 | -7.7% |
| Amounts payable after more than one year | 17 | €1,826,576 | €1,261,567 | -€565,009 | -30.9% |
| Financial debts | 170/4 | €1,318,396 | €753,387 | -€565,009 | -42.9% |
| Other amounts payable | 178/9 | €508,180 | €508,180 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,130,585 | €1,468,701 | +€338,116 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €148,221 | €362,701 | +€214,480 | +144.7% |
| Trade debts | 44 | €245,379 | €239,662 | -€5,717 | -2.3% |
| Suppliers | 440/4 | €245,379 | €239,662 | -€5,717 | -2.3% |
| Other amounts payable | 47/48 | €736,985 | €866,338 | +€129,352 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,024 | €154,978 | -€1,046 | -0.7% |
| Other operating charges | 640/8 | €109,298 | €85,482 | -€23,816 | -21.8% |
| Gross operating margin | 9900 | €363,470 | €414,241 | +€50,771 | +14.0% |
| Operating profit (loss) | 9901 | €98,148 | €173,782 | +€75,634 | +77.1% |
| Financial charges | 65/66B | €57,609 | €85,588 | +€27,979 | +48.6% |
| Recurring financial charges | 65 | €57,609 | €85,588 | +€27,979 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €40,539 | €88,194 | +€47,655 | +117.6% |
| Income taxes | 67/77 | - | €13,098 | +€13,098 | |
| Profit (loss) for the period | 9904 | €40,539 | €75,096 | +€34,556 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,539 | €75,096 | +€34,556 | +85.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.