MN TAHIR: what changed
MN TAHIR
Largest movements
- Receivables within one year +€97,632
up €97,632 (+283%), from €34,443 to €132,075
of which Trade receivables: +€122,098
- Cash -€12,377
down €12,377 (-85.4%), from €14,497 to €2,120
mainly Other debts (-€105,448) and Receivables within one year (-€97,632)
- Stocks and contracts -€4,997
down €4,997 (-2.2%), from €230,406 to €225,410
- Trade debts +€160,628
up €160,628 (+153%), from €105,183 to €265,811
- Other debts -€105,448
no longer reported in 2025 (was €105,448)
- Profit (loss) carried forward +€26,618
up €26,618 (+173%), from €15,401 to €42,019
- Tax, wage and social debts -€4,609
down €4,609 (-8.1%), from €57,110 to €52,501
of which Remuneration and social security: -€10,868
- Turnover +€2.1m
new in 2025: €2.1m
- Purchases and services +€2.0m
new in 2025: €2.0m
- Staff costs -€35,014
down €35,014 (-27.4%), from €127,645 to €92,631
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,142 | €370,331 | +€77,189 | +26.3% |
| Fixed assets | 21/28 | €13,796 | €10,726 | -€3,070 | -22.3% |
| Tangible fixed assets | 22/27 | €9,296 | €6,226 | -€3,070 | -33.0% |
| Plant, machinery and equipment | 23 | €7,379 | €5,267 | -€2,112 | -28.6% |
| Furniture and vehicles | 24 | €1,917 | €959 | -€958 | -50.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €279,346 | €359,605 | +€80,259 | +28.7% |
| Stocks and contracts in progress | 3 | €230,406 | €225,410 | -€4,997 | -2.2% |
| Stocks | 30/36 | €230,406 | €225,410 | -€4,997 | -2.2% |
| Amounts receivable within one year | 40/41 | €34,443 | €132,075 | +€97,632 | +283% |
| Trade receivables | 40 | €9,977 | €132,075 | +€122,098 | +1,224% |
| Other amounts receivable | 41 | €24,466 | - | -€24,466 | |
| Cash at bank and in hand | 54/58 | €14,497 | €2,120 | -€12,377 | -85.4% |
| Total equity and liabilities | 10/49 | €293,142 | €370,331 | +€77,189 | +26.3% |
| Equity | 10/15 | €25,401 | €52,019 | +€26,618 | +105% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | - | -€10,000 | |
| Issued capital | 100 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €15,401 | €42,019 | +€26,618 | +173% |
| Amounts payable | 17/49 | €267,741 | €318,312 | +€50,571 | +18.9% |
| Amounts payable within one year | 42/48 | €267,741 | €318,312 | +€50,571 | +18.9% |
| Trade debts | 44 | €105,183 | €265,811 | +€160,628 | +153% |
| Suppliers | 440/4 | €105,183 | €265,811 | +€160,628 | +153% |
| Taxes, remuneration and social security | 45 | €57,110 | €52,501 | -€4,609 | -8.1% |
| Taxes | 450/3 | €27,856 | €34,115 | +€6,259 | +22.5% |
| Remuneration and social security | 454/9 | €29,254 | €18,386 | -€10,868 | -37.2% |
| Other amounts payable | 47/48 | €105,448 | - | -€105,448 | |
| Turnover | 70 | - | €2,138,242 | +€2.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,991,023 | +€2.0m | |
| Remuneration, social security and pensions | 62 | €127,645 | €92,631 | -€35,014 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,069 | €3,070 | +€1 | 0.0% |
| Other operating charges | 640/8 | €3,397 | €11,048 | +€7,651 | +225% |
| Gross operating margin | 9900 | €139,530 | €147,856 | +€8,326 | +6.0% |
| Operating profit (loss) | 9901 | €5,419 | €41,107 | +€35,688 | +659% |
| Financial charges | 65/66B | €118 | €2,385 | +€2,267 | +1,921% |
| Recurring financial charges | 65 | €118 | €2,385 | +€2,267 | +1,921% |
| Profit (loss) for the period before taxes | 9903 | €5,301 | €38,723 | +€33,422 | +630% |
| Income taxes | 67/77 | €1,741 | €12,104 | +€10,363 | +595% |
| Profit (loss) for the period | 9904 | €3,560 | €26,619 | +€23,059 | +648% |
| Profit (loss) for the period to be appropriated | 9905 | €3,560 | €26,619 | +€23,059 | +648% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.