NEW TAGALOP: what changed
NEW TAGALOP
Largest movements
- Cash -€165,799
down €165,799 (-78.1%), from €212,282 to €46,483
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€20,578)
- Receivables within one year +€20,578
up €20,578 (+554%), from €3,713 to €24,291
of which Other amounts receivable: +€10,898
- Stocks and contracts +€10,158
up €10,158 (+377%), from €2,698 to €12,856
- Intangible fixed assets -€4,000
down €4,000 (-50.0%), from €8,000 to €4,000
- Tangible fixed assets -€2,749
down €2,749 (-15.1%), from €18,264 to €15,515
of which Furniture and vehicles: -€5,426
- Profit (loss) carried forward -€119,637
down €119,637 (-67.7%), from €176,831 to €57,194
- Trade debts -€14,213
down €14,213 (-63.7%), from €22,327 to €8,114
- Tax, wage and social debts -€13,484
down €13,484 (-52.9%), from €25,499 to €12,016
of which Remuneration and social security: -€9,354
- Other debts +€5,521
new in 2025: €5,521
- Gross operating margin -€44,668
down €44,668 (-29.9%), from €149,628 to €104,960
- Staff costs +€14,632
up €14,632 (+15.9%), from €91,859 to €106,490
- Taxes -€11,519
down €11,519, from €11,275 to -€244
- Depreciation -€1,836
down €1,836 (-13.5%), from €13,565 to €11,729
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 | €245,117 | €103,305 | -€141,812 | -57.9% |
| Fixed assets | 21/28 | €26,424 | €19,675 | -€6,749 | -25.5% |
| Intangible fixed assets | 21 | €8,000 | €4,000 | -€4,000 | -50.0% |
| Tangible fixed assets | 22/27 | €18,264 | €15,515 | -€2,749 | -15.1% |
| Furniture and vehicles | 24 | €15,823 | €10,397 | -€5,426 | -34.3% |
| Other tangible fixed assets | 26 | €2,442 | €5,118 | +€2,676 | +110% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €218,693 | €83,630 | -€135,063 | -61.8% |
| Stocks and contracts in progress | 3 | €2,698 | €12,856 | +€10,158 | +377% |
| Stocks | 30/36 | €2,698 | €12,856 | +€10,158 | +377% |
| Amounts receivable within one year | 40/41 | €3,713 | €24,291 | +€20,578 | +554% |
| Trade receivables | 40 | - | €9,680 | +€9,680 | |
| Other amounts receivable | 41 | €3,713 | €14,611 | +€10,898 | +294% |
| Cash at bank and in hand | 54/58 | €212,282 | €46,483 | -€165,799 | -78.1% |
| Total equity and liabilities | 10/49 | €245,117 | €103,305 | -€141,812 | -57.9% |
| Equity | 10/15 | €197,291 | €77,654 | -€119,637 | -60.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,831 | €57,194 | -€119,637 | -67.7% |
| Amounts payable | 17/49 | €47,826 | €25,650 | -€22,176 | -46.4% |
| Amounts payable within one year | 42/48 | €47,826 | €25,650 | -€22,176 | -46.4% |
| Trade debts | 44 | €22,327 | €8,114 | -€14,213 | -63.7% |
| Suppliers | 440/4 | €22,327 | €8,114 | -€14,213 | -63.7% |
| Taxes, remuneration and social security | 45 | €25,499 | €12,016 | -€13,484 | -52.9% |
| Taxes | 450/3 | €13,318 | €9,188 | -€4,129 | -31.0% |
| Remuneration and social security | 454/9 | €12,181 | €2,827 | -€9,354 | -76.8% |
| Other amounts payable | 47/48 | - | €5,521 | +€5,521 | |
| Remuneration, social security and pensions | 62 | €91,859 | €106,490 | +€14,632 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,565 | €11,729 | -€1,836 | -13.5% |
| Other operating charges | 640/8 | €1,687 | €2,559 | +€873 | +51.7% |
| Non-recurring operating charges | 66A | €334 | €2,480 | +€2,146 | +643% |
| Gross operating margin | 9900 | €149,628 | €104,960 | -€44,668 | -29.9% |
| Operating profit (loss) | 9901 | €42,184 | -€18,298 | -€60,482 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,719 | €1,583 | -€136 | -7.9% |
| Recurring financial charges | 65 | €1,719 | €1,583 | -€136 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €40,466 | -€19,881 | -€60,347 | |
| Income taxes | 67/77 | €11,275 | -€244 | -€11,519 | |
| Profit (loss) for the period | 9904 | €29,191 | -€19,637 | -€48,828 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,191 | -€19,637 | -€48,828 |
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 8 November 2026 via checked.be.