DR TAZEROUALTI: 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.
DR TAZEROUALTI
Largest movements
- Cash +€44,294
up €44,294 (+51.3%), from €86,324 to €130,618
mainly Net result for the year (+€189,515) and Tax, wage and social debts (+€35,073)
- Deferred charges and accrued income +€6,226
up €6,226 (+6.3%), from €98,302 to €104,527
- Tangible fixed assets -€5,650
down €5,650 (-8.4%), from €67,097 to €61,446
of which Other tangible fixed assets: -€7,245
- Reserves +€69,515
up €69,515 (+90.2%), from €77,042 to €146,557
- Other debts -€56,388
down €56,388 (-35.0%), from €161,099 to €104,712
- Tax, wage and social debts +€35,073
new in 2025: €35,073
of which Taxes: +€32,812
- Trade debts -€3,332
down €3,332 (-61.3%), from €5,438 to €2,106
- Gross operating margin +€154,162
up €154,162 (+136%), from €113,194 to €267,356
- Taxes +€38,616
up €38,616 (+131%), from €29,526 to €68,142
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 | €262,179 | €307,048 | +€44,869 | +17.1% |
| Fixed assets | 21/28 | €67,097 | €61,446 | -€5,650 | -8.4% |
| Tangible fixed assets | 22/27 | €67,097 | €61,446 | -€5,650 | -8.4% |
| Plant, machinery and equipment | 23 | - | €2,014 | +€2,014 | |
| Furniture and vehicles | 24 | €1,259 | €839 | -€420 | -33.3% |
| Other tangible fixed assets | 26 | €65,837 | €58,593 | -€7,245 | -11.0% |
| Current assets | 29/58 | €195,082 | €245,602 | +€50,519 | +25.9% |
| Amounts receivable within one year | 40/41 | €10,457 | €10,457 | = | 0.0% |
| Other amounts receivable | 41 | €10,457 | €10,457 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €86,324 | €130,618 | +€44,294 | +51.3% |
| Deferred charges and accrued income | 490/1 | €98,302 | €104,527 | +€6,226 | +6.3% |
| Total equity and liabilities | 10/49 | €262,179 | €307,048 | +€44,869 | +17.1% |
| Equity | 10/15 | €95,642 | €165,157 | +€69,515 | +72.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,042 | €146,557 | +€69,515 | +90.2% |
| Distributable reserves | 133 | €77,042 | €146,557 | +€69,515 | +90.2% |
| Amounts payable | 17/49 | €166,537 | €141,891 | -€24,646 | -14.8% |
| Amounts payable within one year | 42/48 | €166,537 | €141,891 | -€24,646 | -14.8% |
| Trade debts | 44 | €5,438 | €2,106 | -€3,332 | -61.3% |
| Suppliers | 440/4 | €5,438 | €2,106 | -€3,332 | -61.3% |
| Taxes, remuneration and social security | 45 | - | €35,073 | +€35,073 | |
| Taxes | 450/3 | - | €32,812 | +€32,812 | |
| Remuneration and social security | 454/9 | - | €2,262 | +€2,262 | |
| Other amounts payable | 47/48 | €161,099 | €104,712 | -€56,388 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,742 | €9,789 | +€48 | +0.5% |
| Other operating charges | 640/8 | €580 | €890 | +€310 | +53.5% |
| Gross operating margin | 9900 | €113,194 | €267,356 | +€154,162 | +136% |
| Operating profit (loss) | 9901 | €102,873 | €256,677 | +€153,805 | +150% |
| Financial income | 75/76B | €1,922 | €1,113 | -€810 | -42.1% |
| Recurring financial income | 75 | €1,922 | €1,113 | -€810 | -42.1% |
| Financial charges | 65/66B | €88 | €133 | +€45 | +51.7% |
| Recurring financial charges | 65 | €88 | €133 | +€45 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | €104,708 | €257,657 | +€152,950 | +146% |
| Income taxes | 67/77 | €29,526 | €68,142 | +€38,616 | +131% |
| Profit (loss) for the period | 9904 | €75,182 | €189,515 | +€114,334 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €75,182 | €189,515 | +€114,334 | +152% |
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 1 November 2026 via checked.be.