T.A.C GROUP: 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.
T.A.C GROUP
Largest movements
- Tangible fixed assets +€168,900
up €168,900 (+2,003%), from €8,431 to €177,332
- Receivables within one year +€25,212
up €25,212 (+28.4%), from €88,819 to €114,032
of which Other amounts receivable: +€24,076
- Stocks and contracts -€15,516
no longer reported in 2025 (was €15,516)
- Cash -€8,527
down €8,527 (-18.4%), from €46,415 to €37,888
mainly Investment in fixed assets (net) (-€194,942) and Receivables within one year (-€25,212)
- Debts after one year +€126,946
new in 2025: €126,946
- Reserves +€25,705
up €25,705 (+24.3%), from €105,900 to €131,605
- Current portion of long-term debt +€18,304
up €18,304 (+610%), from €3,000 to €21,304
- Tax, wage and social debts -€7,741
down €7,741 (-47.0%), from €16,458 to €8,717
of which Taxes: -€7,962
- Trade debts +€5,007
up €5,007 (+18.3%), from €27,414 to €32,421
- Depreciation +€25,028
up €25,028 (+1,653%), from €1,514 to €26,542
- Taxes -€10,229
down €10,229 (-44.7%), from €22,881 to €12,653
- Gross operating margin -€8,178
down €8,178 (-9.0%), from €91,372 to €83,194
- Staff costs +€3,022
new in 2025: €3,022
- Financial charges +€2,942
up €2,942 (+202%), from €1,459 to €4,401
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 | €171,955 | €340,175 | +€168,220 | +97.8% |
| Fixed assets | 21/28 | €14,931 | €183,332 | +€168,400 | +1,128% |
| Tangible fixed assets | 22/27 | €8,431 | €177,332 | +€168,900 | +2,003% |
| Furniture and vehicles | 24 | €8,431 | €177,332 | +€168,900 | +2,003% |
| Financial fixed assets | 28 | €6,500 | €6,000 | -€500 | -7.7% |
| Current assets | 29/58 | €157,023 | €156,843 | -€180 | -0.1% |
| Stocks and contracts in progress | 3 | €15,516 | - | -€15,516 | |
| Stocks | 30/36 | €15,516 | - | -€15,516 | |
| Amounts receivable within one year | 40/41 | €88,819 | €114,032 | +€25,212 | +28.4% |
| Trade receivables | 40 | €47,177 | €48,313 | +€1,136 | +2.4% |
| Other amounts receivable | 41 | €41,642 | €65,718 | +€24,076 | +57.8% |
| Cash at bank and in hand | 54/58 | €46,415 | €37,888 | -€8,527 | -18.4% |
| Deferred charges and accrued income | 490/1 | €6,273 | €4,924 | -€1,350 | -21.5% |
| Total equity and liabilities | 10/49 | €171,955 | €340,175 | +€168,220 | +97.8% |
| Equity | 10/15 | €125,082 | €150,787 | +€25,705 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,900 | €131,605 | +€25,705 | +24.3% |
| Distributable reserves | 133 | €105,900 | €131,605 | +€25,705 | +24.3% |
| Profit (loss) carried forward | 14 | €582 | €582 | = | 0.0% |
| Amounts payable | 17/49 | €46,872 | €189,388 | +€142,515 | +304% |
| Amounts payable after more than one year | 17 | - | €126,946 | +€126,946 | |
| Financial debts | 170/4 | - | €126,946 | +€126,946 | |
| Amounts payable within one year | 42/48 | €46,872 | €62,442 | +€15,569 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €21,304 | +€18,304 | +610% |
| Trade debts | 44 | €27,414 | €32,421 | +€5,007 | +18.3% |
| Suppliers | 440/4 | €27,414 | €32,421 | +€5,007 | +18.3% |
| Taxes, remuneration and social security | 45 | €16,458 | €8,717 | -€7,741 | -47.0% |
| Taxes | 450/3 | €16,458 | €8,496 | -€7,962 | -48.4% |
| Remuneration and social security | 454/9 | - | €221 | +€221 | |
| Remuneration, social security and pensions | 62 | - | €3,022 | +€3,022 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,514 | €26,542 | +€25,028 | +1,653% |
| Other operating charges | 640/8 | €12,660 | €13,831 | +€1,171 | +9.3% |
| Gross operating margin | 9900 | €91,372 | €83,194 | -€8,178 | -9.0% |
| Operating profit (loss) | 9901 | €77,198 | €39,799 | -€37,399 | -48.4% |
| Financial income | 75/76B | €2,085 | €2,960 | +€874 | +41.9% |
| Recurring financial income | 75 | €2,085 | €2,960 | +€874 | +41.9% |
| Financial charges | 65/66B | €1,459 | €4,401 | +€2,942 | +202% |
| Recurring financial charges | 65 | €1,459 | €4,401 | +€2,942 | +202% |
| Profit (loss) for the period before taxes | 9903 | €77,825 | €38,357 | -€39,467 | -50.7% |
| Income taxes | 67/77 | €22,881 | €12,653 | -€10,229 | -44.7% |
| Profit (loss) for the period | 9904 | €54,943 | €25,705 | -€29,239 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,943 | €25,705 | -€29,239 | -53.2% |
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 22 October 2026 via checked.be.