TSHIBANGU ANNIE: 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.
TSHIBANGU ANNIE
Largest movements
- Deferred charges and accrued income -€109,338
no longer reported in 2025 (was €109,338)
- Current investments +€81,000
new in 2025: €81,000
- Receivables within one year +€68,717
new in 2025: €68,717
- Cash +€34,230
up €34,230 (+19.1%), from €179,002 to €213,232
mainly Deferred charges and accrued income (+€109,338) and Net result for the year (+€64,037)
- Receivables after one year +€13,399
up €13,399 (+5.3%), from €252,348 to €265,748
- Reserves +€52,941
up €52,941 (+14.3%), from €369,205 to €422,146
of which Distributable reserves: +€52,941
- Current portion of long-term debt +€29,587
up €29,587 (+436%), from €6,782 to €36,369
- Taxes +€21,518
up €21,518 (+79.7%), from €26,998 to €48,515
- Depreciation -€8,232
down €8,232 (-53.6%), from €15,353 to €7,121
- Gross operating margin +€3,503
up €3,503 (+3.0%), from €117,145 to €120,648
- Other operating charges +€1,267
up €1,267 (+42.6%), from €2,972 to €4,239
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 | €637,235 | €718,122 | +€80,887 | +12.7% |
| Fixed assets | 21/28 | €96,547 | €89,426 | -€7,121 | -7.4% |
| Tangible fixed assets | 22/27 | €96,547 | €89,426 | -€7,121 | -7.4% |
| Land and buildings | 22 | €12,238 | €11,906 | -€332 | -2.7% |
| Plant, machinery and equipment | 23 | €889 | €534 | -€355 | -39.9% |
| Furniture and vehicles | 24 | €530 | €13 | -€516 | -97.5% |
| Leasing and similar rights | 25 | €82,890 | €76,972 | -€5,918 | -7.1% |
| Current assets | 29/58 | €540,688 | €628,696 | +€88,008 | +16.3% |
| Amounts receivable after more than one year | 29 | €252,348 | €265,748 | +€13,399 | +5.3% |
| Other amounts receivable | 291 | €252,348 | €265,748 | +€13,399 | +5.3% |
| Amounts receivable within one year | 40/41 | - | €68,717 | +€68,717 | |
| Other amounts receivable | 41 | - | €68,717 | +€68,717 | |
| Current investments | 50/53 | - | €81,000 | +€81,000 | |
| Cash at bank and in hand | 54/58 | €179,002 | €213,232 | +€34,230 | +19.1% |
| Deferred charges and accrued income | 490/1 | €109,338 | - | -€109,338 | |
| Total equity and liabilities | 10/49 | €637,235 | €718,122 | +€80,887 | +12.7% |
| Equity | 10/15 | €545,343 | €598,284 | +€52,941 | +9.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €369,205 | €422,146 | +€52,941 | +14.3% |
| Non-distributable reserves | 130/1 | €24,575 | €24,575 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,575 | €24,575 | = | 0.0% |
| Distributable reserves | 133 | €344,630 | €397,571 | +€52,941 | +15.4% |
| Profit (loss) carried forward | 14 | €157,588 | €157,588 | = | 0.0% |
| Amounts payable | 17/49 | €91,891 | €119,838 | +€27,947 | +30.4% |
| Amounts payable after more than one year | 17 | €78,821 | €72,978 | -€5,843 | -7.4% |
| Financial debts | 170/4 | €78,821 | €72,978 | -€5,843 | -7.4% |
| Amounts payable within one year | 42/48 | €13,071 | €46,860 | +€33,789 | +259% |
| Current portion of amounts payable after more than one year | 42 | €6,782 | €36,369 | +€29,587 | +436% |
| Trade debts | 44 | €4,024 | €3,933 | -€91 | -2.3% |
| Suppliers | 440/4 | €4,024 | €3,933 | -€91 | -2.3% |
| Taxes, remuneration and social security | 45 | - | €6,558 | +€6,558 | |
| Remuneration and social security | 454/9 | - | €6,558 | +€6,558 | |
| Other amounts payable | 47/48 | €2,265 | - | -€2,265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,353 | €7,121 | -€8,232 | -53.6% |
| Other operating charges | 640/8 | €2,972 | €4,239 | +€1,267 | +42.6% |
| Gross operating margin | 9900 | €117,145 | €120,648 | +€3,503 | +3.0% |
| Operating profit (loss) | 9901 | €98,820 | €109,288 | +€10,468 | +10.6% |
| Financial income | 75/76B | €10,402 | €9,349 | -€1,053 | -10.1% |
| Recurring financial income | 75 | €10,402 | €9,349 | -€1,053 | -10.1% |
| Financial charges | 65/66B | €7,052 | €6,084 | -€968 | -13.7% |
| Recurring financial charges | 65 | €7,052 | €6,084 | -€968 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €102,169 | €112,553 | +€10,383 | +10.2% |
| Income taxes | 67/77 | €26,998 | €48,515 | +€21,518 | +79.7% |
| Profit (loss) for the period | 9904 | €75,171 | €64,037 | -€11,134 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,171 | €64,037 | -€11,134 | -14.8% |
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 30 October 2026 via checked.be.