LE TAMARIN: 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.
LE TAMARIN
Largest movements
- Receivables within one year +€48,391
up €48,391 (+21.6%), from €224,092 to €272,482
of which Other amounts receivable: +€48,338
- Cash -€31,007
down €31,007 (-57.1%), from €54,346 to €23,339
mainly Debts after one year (-€65,934) and Receivables within one year (-€48,391)
- Tangible fixed assets +€9,588
up €9,588 (+19.6%), from €48,953 to €58,540
of which Other tangible fixed assets: +€17,077
- Deferred charges and accrued income -€7,210
down €7,210 (-88.1%), from €8,182 to €973
- Debts after one year -€65,934
down €65,934 (-80.2%), from €82,237 to €16,303
- Reserves +€43,000
up €43,000 (+20.1%), from €214,000 to €257,000
- Current portion of long-term debt +€18,623
new in 2025: €18,623
- Trade debts +€15,000
up €15,000 (+99.9%), from €15,014 to €30,014
- Tax, wage and social debts +€8,827
up €8,827 (+57.5%), from €15,350 to €24,176
of which Taxes: +€8,214
- Staff costs +€41,645
up €41,645 (+107.7%), from €38,677 to €80,323
- Taxes -€18,470
down €18,470 (-67.4%), from €27,389 to €8,919
- Gross operating margin +€17,325
up €17,325 (+13.0%), from €133,329 to €150,653
- Depreciation +€4,350
up €4,350 (+72.9%), from €5,964 to €10,314
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.
Cash bridge derived
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 | €335,572 | €355,333 | +€19,762 | +5.9% |
| Fixed assets | 21/28 | €48,953 | €58,540 | +€9,588 | +19.6% |
| Tangible fixed assets | 22/27 | €48,953 | €58,540 | +€9,588 | +19.6% |
| Plant, machinery and equipment | 23 | €19,988 | €17,416 | -€2,572 | -12.9% |
| Furniture and vehicles | 24 | €13,926 | €9,009 | -€4,917 | -35.3% |
| Other tangible fixed assets | 26 | €15,039 | €32,115 | +€17,077 | +113.6% |
| Current assets | 29/58 | €286,619 | €296,793 | +€10,174 | +3.5% |
| Amounts receivable within one year | 40/41 | €224,092 | €272,482 | +€48,391 | +21.6% |
| Trade receivables | 40 | - | €52 | +€52 | |
| Other amounts receivable | 41 | €224,092 | €272,430 | +€48,338 | +21.6% |
| Cash at bank and in hand | 54/58 | €54,346 | €23,339 | -€31,007 | -57.1% |
| Deferred charges and accrued income | 490/1 | €8,182 | €973 | -€7,210 | -88.1% |
| Total equity and liabilities | 10/49 | €335,572 | €355,333 | +€19,762 | +5.9% |
| Equity | 10/15 | €222,971 | €266,218 | +€43,246 | +19.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €214,000 | €257,000 | +€43,000 | +20.1% |
| Distributable reserves | 133 | €214,000 | €257,000 | +€43,000 | +20.1% |
| Profit (loss) carried forward | 14 | €3,971 | €4,218 | +€246 | +6.2% |
| Amounts payable | 17/49 | €112,601 | €89,116 | -€23,485 | -20.9% |
| Amounts payable after more than one year | 17 | €82,237 | €16,303 | -€65,934 | -80.2% |
| Financial debts | 170/4 | €82,237 | €16,303 | -€65,934 | -80.2% |
| Amounts payable within one year | 42/48 | €30,363 | €72,813 | +€42,450 | +139.8% |
| Current portion of amounts payable after more than one year | 42 | - | €18,623 | +€18,623 | |
| Trade debts | 44 | €15,014 | €30,014 | +€15,000 | +99.9% |
| Suppliers | 440/4 | €15,014 | €30,014 | +€15,000 | +99.9% |
| Taxes, remuneration and social security | 45 | €15,350 | €24,176 | +€8,827 | +57.5% |
| Taxes | 450/3 | €8,059 | €16,272 | +€8,214 | +101.9% |
| Remuneration and social security | 454/9 | €7,291 | €7,904 | +€613 | +8.4% |
| Remuneration, social security and pensions | 62 | €38,677 | €80,323 | +€41,645 | +107.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,964 | €10,314 | +€4,350 | +72.9% |
| Other operating charges | 640/8 | €2,610 | €2,587 | -€23 | -0.9% |
| Gross operating margin | 9900 | €133,329 | €150,653 | +€17,325 | +13.0% |
| Operating profit (loss) | 9901 | €86,077 | €57,429 | -€28,648 | -33.3% |
| Financial income | 75/76B | €75 | €1 | -€75 | -99.3% |
| Recurring financial income | 75 | €75 | €1 | -€75 | -99.3% |
| Financial charges | 65/66B | €4,184 | €5,265 | +€1,080 | +25.8% |
| Recurring financial charges | 65 | €4,184 | €5,265 | +€1,080 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €81,968 | €52,165 | -€29,803 | -36.4% |
| Income taxes | 67/77 | €27,389 | €8,919 | -€18,470 | -67.4% |
| Profit (loss) for the period | 9904 | €54,579 | €43,246 | -€11,333 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,579 | €43,246 | -€11,333 | -20.8% |
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 12 October 2026 via checked.be.