TNG CAPITAL: 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.
TNG CAPITAL
Largest movements
- Receivables within one year +€50,369
up €50,369 (+490%), from €10,287 to €60,656
of which Trade receivables: +€42,150
- Cash -€2,336
down €2,336 (-28.0%), from €8,340 to €6,004
mainly Receivables within one year (-€50,369) and Tax, wage and social debts (-€4,023)
- Tangible fixed assets +€2,097
new in 2025: €2,097
- Trade debts +€46,173
up €46,173 (+461%), from €10,016 to €56,189
- Profit (loss) carried forward +€9,598
up €9,598 (+97.6%), from -€9,836 to -€238
- Tax, wage and social debts -€4,023
down €4,023 (-92.2%), from €4,363 to €340
- Other debts -€1,616
down €1,616 (-21.0%), from €7,703 to €6,087
- Gross operating margin +€18,654
up €18,654, from -€6,920 to €11,734
- Other operating charges -€2,161
down €2,161 (-84.8%), from €2,549 to €387
- Financial charges +€803
up €803 (+244%), from €329 to €1,132
- Depreciation +€341
new in 2025: €341
- Taxes +€340
new in 2025: €340
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 | €18,626 | €68,757 | +€50,131 | +269% |
| Fixed assets | 21/28 | - | €2,097 | +€2,097 | |
| Tangible fixed assets | 22/27 | - | €2,097 | +€2,097 | |
| Land and buildings | 22 | - | €2,097 | +€2,097 | |
| Current assets | 29/58 | €18,626 | €66,660 | +€48,034 | +258% |
| Amounts receivable within one year | 40/41 | €10,287 | €60,656 | +€50,369 | +490% |
| Trade receivables | 40 | €10,274 | €52,424 | +€42,150 | +410% |
| Other amounts receivable | 41 | €13 | €8,232 | +€8,219 | +62,741% |
| Cash at bank and in hand | 54/58 | €8,340 | €6,004 | -€2,336 | -28.0% |
| Total equity and liabilities | 10/49 | €18,626 | €68,757 | +€50,131 | +269% |
| Equity | 10/15 | -€3,456 | €6,142 | +€9,598 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,380 | €1,380 | = | 0.0% |
| Distributable reserves | 133 | €1,380 | €1,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,836 | -€238 | +€9,598 | +97.6% |
| Amounts payable | 17/49 | €22,082 | €62,615 | +€40,534 | +184% |
| Amounts payable within one year | 42/48 | €22,082 | €62,615 | +€40,534 | +184% |
| Trade debts | 44 | €10,016 | €56,189 | +€46,173 | +461% |
| Suppliers | 440/4 | €10,016 | €56,189 | +€46,173 | +461% |
| Taxes, remuneration and social security | 45 | €4,363 | €340 | -€4,023 | -92.2% |
| Taxes | 450/3 | €4,363 | €340 | -€4,023 | -92.2% |
| Other amounts payable | 47/48 | €7,703 | €6,087 | -€1,616 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €341 | +€341 | |
| Other operating charges | 640/8 | €2,549 | €387 | -€2,161 | -84.8% |
| Gross operating margin | 9900 | -€6,920 | €11,734 | +€18,654 | |
| Operating profit (loss) | 9901 | -€9,468 | €11,005 | +€20,474 | |
| Financial income | 75/76B | €5 | €64 | +€59 | +1,177% |
| Recurring financial income | 75 | €5 | €64 | +€59 | +1,177% |
| Financial charges | 65/66B | €329 | €1,132 | +€803 | +244% |
| Recurring financial charges | 65 | €329 | €1,132 | +€803 | +244% |
| Profit (loss) for the period before taxes | 9903 | -€9,792 | €9,938 | +€19,730 | |
| Income taxes | 67/77 | - | €340 | +€340 | |
| Profit (loss) for the period | 9904 | -€9,792 | €9,598 | +€19,390 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,792 | €9,598 | +€19,390 |
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 29 October 2026 via checked.be.