M. TAS: 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.
M. TAS
Largest movements
- Cash -€8,728
down €8,728 (-57.2%), from €15,257 to €6,529
mainly Other debts (-€11,913) and Net result for the year (-€9,862)
- Receivables within one year -€6,750
down €6,750 (-29.5%), from €22,857 to €16,107
of which Trade receivables: -€8,513
- Tangible fixed assets -€2,299
down €2,299 (-25.0%), from €9,197 to €6,897
- Deferred charges and accrued income -€1,345
no longer reported in 2025 (was €1,345)
- Other debts -€11,913
no longer reported in 2025 (was €11,913)
- Profit (loss) carried forward -€9,862
down €9,862 (-32.1%), from €30,694 to €20,832
- Accrued charges and deferred income +€6,000
new in 2025: €6,000
- Trade debts -€3,179
down €3,179 (-72.6%), from €4,380 to €1,201
- Gross operating margin -€19,581
down €19,581, from €18,632 to -€949
- Financial charges +€514
up €514 (+12.8%), from €4,021 to €4,535
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 | €48,655 | €29,533 | -€19,122 | -39.3% |
| Fixed assets | 21/28 | €9,197 | €6,897 | -€2,299 | -25.0% |
| Tangible fixed assets | 22/27 | €9,197 | €6,897 | -€2,299 | -25.0% |
| Furniture and vehicles | 24 | €9,197 | €6,897 | -€2,299 | -25.0% |
| Current assets | 29/58 | €39,459 | €22,635 | -€16,823 | -42.6% |
| Amounts receivable within one year | 40/41 | €22,857 | €16,107 | -€6,750 | -29.5% |
| Trade receivables | 40 | €22,365 | €13,852 | -€8,513 | -38.1% |
| Other amounts receivable | 41 | €492 | €2,255 | +€1,763 | +359% |
| Cash at bank and in hand | 54/58 | €15,257 | €6,529 | -€8,728 | -57.2% |
| Deferred charges and accrued income | 490/1 | €1,345 | - | -€1,345 | |
| Total equity and liabilities | 10/49 | €48,655 | €29,533 | -€19,122 | -39.3% |
| Equity | 10/15 | €32,194 | €22,332 | -€9,862 | -30.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,694 | €20,832 | -€9,862 | -32.1% |
| Amounts payable | 17/49 | €16,461 | €7,201 | -€9,260 | -56.3% |
| Amounts payable within one year | 42/48 | €16,461 | €1,201 | -€15,260 | -92.7% |
| Trade debts | 44 | €4,380 | €1,201 | -€3,179 | -72.6% |
| Suppliers | 440/4 | €4,380 | €1,201 | -€3,179 | -72.6% |
| Taxes, remuneration and social security | 45 | €168 | - | -€168 | |
| Taxes | 450/3 | €168 | - | -€168 | |
| Other amounts payable | 47/48 | €11,913 | - | -€11,913 | |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,299 | €2,299 | = | 0.0% |
| Other operating charges | 640/8 | €2,209 | €2,282 | +€73 | +3.3% |
| Gross operating margin | 9900 | €18,632 | -€949 | -€19,581 | |
| Operating profit (loss) | 9901 | €14,124 | -€5,530 | -€19,654 | |
| Financial income | 75/76B | €350 | €203 | -€147 | -41.9% |
| Recurring financial income | 75 | €350 | €203 | -€147 | -41.9% |
| Financial charges | 65/66B | €4,021 | €4,535 | +€514 | +12.8% |
| Recurring financial charges | 65 | €4,021 | €4,535 | +€514 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €10,452 | -€9,862 | -€20,315 | |
| Income taxes | 67/77 | €168 | - | -€168 | |
| Profit (loss) for the period | 9904 | €10,284 | -€9,862 | -€20,147 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,284 | -€9,862 | -€20,147 |
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 16 October 2026 via checked.be.