B. TAYMANS: 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.
B. TAYMANS
Largest movements
- Receivables within one year -€238,293
down €238,293 (-73.4%), from €324,575 to €86,282
of which Trade receivables: -€148,273
- Stocks and contracts +€159,358
up €159,358 (+41.4%), from €384,509 to €543,868
- Cash +€89,061
up €89,061 (+79.2%), from €112,462 to €201,523
mainly Receivables within one year (+€238,293) and Net result for the year (+€190,315)
- Deferred charges and accrued income +€32,154
up €32,154 (+64.5%), from €49,843 to €81,997
- Profit (loss) carried forward +€90,315
up €90,315 (+22.3%), from €405,711 to €496,027
- Other debts +€70,329
up €70,329 (+70.3%), from €100,000 to €170,329
- Reserves -€65,156
no longer reported in 2025 (was €65,156)
- Short-term financial debts -€41,777
no longer reported in 2025 (was €41,777)
- Tax, wage and social debts -€18,875
down €18,875 (-19.5%), from €96,630 to €77,755
of which Taxes: -€21,136
- Gross operating margin -€129,853
down €129,853 (-25.8%), from €502,813 to €372,960
- Taxes -€38,817
down €38,817 (-37.7%), from €103,080 to €64,263
- Staff costs -€12,107
down €12,107 (-11.4%), from €106,614 to €94,507
- Financial charges +€8,036
up €8,036 (+150%), from €5,362 to €13,398
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 | €922,533 | €964,899 | +€42,366 | +4.6% |
| Fixed assets | 21/28 | €51,143 | €51,229 | +€86 | +0.2% |
| Intangible fixed assets | 21 | €9,388 | €4,865 | -€4,523 | -48.2% |
| Tangible fixed assets | 22/27 | €36,755 | €41,364 | +€4,609 | +12.5% |
| Plant, machinery and equipment | 23 | €15,912 | €14,601 | -€1,311 | -8.2% |
| Furniture and vehicles | 24 | €16,305 | €22,844 | +€6,540 | +40.1% |
| Other tangible fixed assets | 26 | €4,539 | €3,919 | -€620 | -13.7% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €871,389 | €913,669 | +€42,280 | +4.9% |
| Stocks and contracts in progress | 3 | €384,509 | €543,868 | +€159,358 | +41.4% |
| Stocks | 30/36 | €384,509 | €543,868 | +€159,358 | +41.4% |
| Amounts receivable within one year | 40/41 | €324,575 | €86,282 | -€238,293 | -73.4% |
| Trade receivables | 40 | €229,936 | €81,663 | -€148,273 | -64.5% |
| Other amounts receivable | 41 | €94,639 | €4,619 | -€90,020 | -95.1% |
| Cash at bank and in hand | 54/58 | €112,462 | €201,523 | +€89,061 | +79.2% |
| Deferred charges and accrued income | 490/1 | €49,843 | €81,997 | +€32,154 | +64.5% |
| Total equity and liabilities | 10/49 | €922,533 | €964,899 | +€42,366 | +4.6% |
| Equity | 10/15 | €485,867 | €511,027 | +€25,159 | +5.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €65,156 | - | -€65,156 | |
| Distributable reserves | 133 | €65,156 | - | -€65,156 | |
| Profit (loss) carried forward | 14 | €405,711 | €496,027 | +€90,315 | +22.3% |
| Amounts payable | 17/49 | €436,665 | €453,872 | +€17,207 | +3.9% |
| Amounts payable within one year | 42/48 | €436,665 | €453,872 | +€17,207 | +3.9% |
| Financial debts | 43 | €41,777 | - | -€41,777 | |
| Credit institutions | 430/8 | €41,777 | - | -€41,777 | |
| Trade debts | 44 | €198,258 | €205,788 | +€7,530 | +3.8% |
| Suppliers | 440/4 | €198,258 | €205,788 | +€7,530 | +3.8% |
| Taxes, remuneration and social security | 45 | €96,630 | €77,755 | -€18,875 | -19.5% |
| Taxes | 450/3 | €86,353 | €65,218 | -€21,136 | -24.5% |
| Remuneration and social security | 454/9 | €10,277 | €12,538 | +€2,261 | +22.0% |
| Other amounts payable | 47/48 | €100,000 | €170,329 | +€70,329 | +70.3% |
| Remuneration, social security and pensions | 62 | €106,614 | €94,507 | -€12,107 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,527 | €15,051 | +€2,524 | +20.2% |
| Other operating charges | 640/8 | €2,256 | €798 | -€1,458 | -64.6% |
| Gross operating margin | 9900 | €502,813 | €372,960 | -€129,853 | -25.8% |
| Operating profit (loss) | 9901 | €381,417 | €262,605 | -€118,812 | -31.2% |
| Financial income | 75/76B | €8,016 | €5,372 | -€2,645 | -33.0% |
| Recurring financial income | 75 | €8,016 | €5,372 | -€2,645 | -33.0% |
| Financial charges | 65/66B | €5,362 | €13,398 | +€8,036 | +150% |
| Recurring financial charges | 65 | €5,362 | €13,398 | +€8,036 | +150% |
| Profit (loss) for the period before taxes | 9903 | €384,071 | €254,579 | -€129,492 | -33.7% |
| Income taxes | 67/77 | €103,080 | €64,263 | -€38,817 | -37.7% |
| Profit (loss) for the period | 9904 | €280,991 | €190,315 | -€90,676 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €280,991 | €190,315 | -€90,676 | -32.3% |
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 23 October 2026 via checked.be.