T&A Holding: 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.
What changed
T&A Holding
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.6m
2024 · €82,646-€1.7m
Equity
€38.4m
2024 · €40.0m-€1.6m
Cash
€19,620
2024 · €227,658-€208,039
Balance sheet total
€85.9m
2024 · €84.7m+€1.2m
Largest movements
Assets
- Receivables within one year +€3.7m
up €3.7m (+139%), from €2.6m to €6.3m
of which Trade receivables: +€3.0m
- Financial fixed assets -€3.3m
down €3.3m (-4.0%), from €80.9m to €77.6m
- Current investments +€1.0m
new in 2025: €1.0m
Equity and liabilities
- Debts after one year -€3.3m
down €3.3m (-8.1%), from €40.6m to €37.3m
of which Financial debts: -€7.0m
- Other debts +€3.0m
up €3.0m (+7,465%), from €40,188 to €3.0m
- Current portion of long-term debt +€2.6m
up €2.6m (+85.3%), from €3.0m to €5.6m
- Profit (loss) carried forward -€1.6m
down €1.6m (-15.0%), from €10.7m to €9.1m
Income statement
- Financial charges +€1.7m
up €1.7m (+88.1%), from €1.9m to €3.6m
of which Non-recurring financial charges: +€1.7m
- Turnover +€321,175
up €321,175 (+7.5%), from €4.3m to €4.6m
- Services and other goods +€206,319
up €206,319 (+12.2%), from €1.7m to €1.9m
- Financial income -€104,188
down €104,188 (-78.3%), from €133,037 to €28,849
- Depreciation +€85,679
up €85,679 (+57.2%), from €149,763 to €235,442
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.
Result 2024
€82,646
Turnover
+€321,175
Other operating income
-€15,567
Services and other goods
-€206,319
Staff costs
+€50,334
Depreciation
-€85,679
Other operating charges
-€227
Financial income
-€104,188
Financial charges
-€1.7m
Taxes
+€35,532
Result 2025
-€1.6m
raises the resultlowers the result
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.
From operations
-€1.5m
Investment
+€2.0m
Financing
-€691,666
Cash 2024
€227,658
From operations (derived)
-€1.5m
Net result for the year
-€1.6m
Depreciation
+€235,442
Receivables within one year
-€3.7m
Deferred charges and accrued income
+€124,793
Trade debts
-€123,985
Tax, wage and social debts
+€587,836
Other debts
+€3.0m
Investment (derived)
+€2.0m
Investment in fixed assets (net)
+€3.0m
Current investments
-€1.0m
Financing
-€691,666
Debts after one year
-€3.3m
Current portion of long-term debt
+€2.6m
Cash 2025
€19,620
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,738,917 | €85,902,285 | +€1.2m | +1.4% |
| Fixed assets | 21/28 | €81,409,408 | €78,213,951 | -€3.2m | -3.9% |
| Intangible fixed assets | 21 | €486,251 | €549,771 | +€63,520 | +13.1% |
| Tangible fixed assets | 22/27 | €23,266 | €14,289 | -€8,977 | -38.6% |
| Plant, machinery and equipment | 23 | €23,266 | €14,289 | -€8,977 | -38.6% |
| Financial fixed assets | 28 | €80,899,891 | €77,649,891 | -€3.3m | -4.0% |
| Affiliated companies | 280/1 | €80,899,891 | €77,649,891 | -€3.3m | -4.0% |
| Participating interests | 280 | €77,205,092 | €73,955,092 | -€3.3m | -4.2% |
| Amounts receivable | 281 | €3,694,800 | €3,694,800 | = | 0.0% |
| Current assets | 29/58 | €3,329,509 | €7,688,334 | +€4.4m | +131% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,647,535 | €6,339,191 | +€3.7m | +139% |
| Trade receivables | 40 | €1,405,791 | €4,372,299 | +€3.0m | +211% |
| Other amounts receivable | 41 | €1,241,744 | €1,966,892 | +€725,147 | +58.4% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Other investments | 51/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €227,658 | €19,620 | -€208,039 | -91.4% |
| Deferred charges and accrued income | 490/1 | €454,316 | €329,524 | -€124,793 | -27.5% |
| Total equity and liabilities | 10/49 | €84,738,917 | €85,902,285 | +€1.2m | +1.4% |
| Equity | 10/15 | €39,990,305 | €38,381,488 | -€1.6m | -4.0% |
| Contributions | 10/11 | €29,297,350 | €29,297,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,692,955 | €9,084,138 | -€1.6m | -15.0% |
| Amounts payable | 17/49 | €44,748,612 | €47,520,797 | +€2.8m | +6.2% |
| Amounts payable after more than one year | 17 | €40,597,503 | €37,308,337 | -€3.3m | -8.1% |
| Financial debts | 170/4 | €32,197,503 | €25,208,337 | -€7.0m | -21.7% |
| Credit institutions | 173 | €32,197,503 | €25,208,337 | -€7.0m | -21.7% |
| Other amounts payable | 178/9 | €8,400,000 | €12,100,000 | +€3.7m | +44.0% |
| Amounts payable within one year | 42/48 | €3,551,109 | €9,612,460 | +€6.1m | +171% |
| Current portion of amounts payable after more than one year | 42 | €3,044,166 | €5,641,666 | +€2.6m | +85.3% |
| Trade debts | 44 | €341,958 | €217,973 | -€123,985 | -36.3% |
| Suppliers | 440/4 | €341,958 | €217,973 | -€123,985 | -36.3% |
| Taxes, remuneration and social security | 45 | €124,797 | €712,633 | +€587,836 | +471% |
| Taxes | 450/3 | €61,714 | €662,536 | +€600,822 | +974% |
| Remuneration and social security | 454/9 | €63,083 | €50,097 | -€12,986 | -20.6% |
| Other amounts payable | 47/48 | €40,188 | €3,040,188 | +€3.0m | +7,465% |
| Accrued charges and deferred income | 492/3 | €600,000 | €600,000 | = | 0.0% |
| Operating income | 70/76A | €4,296,278 | €4,601,886 | +€305,608 | +7.1% |
| Turnover | 70 | €4,267,023 | €4,588,198 | +€321,175 | +7.5% |
| Other operating income | 74 | €29,255 | €13,688 | -€15,567 | -53.2% |
| Operating charges | 60/66A | €2,396,679 | €2,638,570 | +€241,891 | +10.1% |
| Services and other goods | 61 | €1,692,080 | €1,898,399 | +€206,319 | +12.2% |
| Remuneration, social security and pensions | 62 | €553,750 | €503,416 | -€50,334 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,763 | €235,442 | +€85,679 | +57.2% |
| Other operating charges | 640/8 | €1,086 | €1,313 | +€227 | +21.0% |
| Operating profit (loss) | 9901 | €1,899,599 | €1,963,316 | +€63,717 | +3.4% |
| Financial income | 75/76B | €133,037 | €28,849 | -€104,188 | -78.3% |
| Recurring financial income | 75 | €133,037 | €28,849 | -€104,188 | -78.3% |
| Income from financial fixed assets | 750 | €128,067 | €28,774 | -€99,293 | -77.5% |
| Income from current assets | 751 | €4,970 | €0 | -€4,970 | -100% |
| Other financial income | 752/9 | €0 | €75 | +€75 | |
| Financial charges | 65/66B | €1,914,991 | €3,601,514 | +€1.7m | +88.1% |
| Recurring financial charges | 65 | €1,914,991 | €1,888,441 | -€26,550 | -1.4% |
| Debt charges | 650 | €1,910,828 | €1,885,651 | -€25,177 | -1.3% |
| Other financial charges | 652/9 | €4,163 | €2,789 | -€1,373 | -33.0% |
| Non-recurring financial charges | 66B | - | €1,713,074 | +€1.7m | |
| Profit (loss) for the period before taxes | 9903 | €117,646 | -€1,609,349 | -€1.7m | |
| Income taxes | 67/77 | €35,000 | -€532 | -€35,532 | |
| Taxes | 670/3 | €35,000 | €0 | -€35,000 | -100% |
| Tax adjustments and reversals of tax provisions | 77 | - | €532 | +€532 | |
| Profit (loss) for the period | 9904 | €82,646 | -€1,608,817 | -€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €82,646 | -€1,608,817 | -€1.7m |
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 23 October 2026 via checked.be.