T.A.J.: 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.J.
Largest movements
- Cash +€70,117
up €70,117 (+634%), from €11,059 to €81,176
mainly Tax, wage and social debts (+€26,135) and Net result for the year (+€22,564)
- Tangible fixed assets -€15,203
down €15,203 (-46.0%), from €33,032 to €17,830
- Receivables within one year +€12,653
up €12,653 (+125%), from €10,116 to €22,769
of which Trade receivables: +€12,653
- Deferred charges and accrued income -€4,648
down €4,648 (-89.9%), from €5,168 to €520
- Tax, wage and social debts +€26,135
up €26,135 (+717%), from €3,645 to €29,780
- Reserves +€15,964
up €15,964 (+22.0%), from €72,507 to €88,471
of which Distributable reserves: +€15,964
- Trade debts +€13,844
up €13,844 (+695%), from €1,991 to €15,835
- Profit (loss) carried forward +€6,599
up €6,599, from -€6,599 to €0
- Gross operating margin +€42,041
up €42,041 (+427%), from €9,849 to €51,890
- Taxes +€12,249
up €12,249 (+2,632%), from €465 to €12,715
- Depreciation +€7,447
up €7,447 (+96.0%), from €7,756 to €15,203
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 | €79,360 | €142,225 | +€62,864 | +79.2% |
| Fixed assets | 21/28 | €33,032 | €17,830 | -€15,203 | -46.0% |
| Tangible fixed assets | 22/27 | €33,032 | €17,830 | -€15,203 | -46.0% |
| Furniture and vehicles | 24 | €33,032 | €17,830 | -€15,203 | -46.0% |
| Current assets | 29/58 | €46,328 | €124,395 | +€78,067 | +169% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €10,116 | €22,769 | +€12,653 | +125% |
| Trade receivables | 40 | €9,355 | €22,008 | +€12,653 | +135% |
| Other amounts receivable | 41 | €761 | €761 | = | 0.0% |
| Current investments | 50/53 | €19,985 | €19,931 | -€54 | -0.3% |
| Cash at bank and in hand | 54/58 | €11,059 | €81,176 | +€70,117 | +634% |
| Deferred charges and accrued income | 490/1 | €5,168 | €520 | -€4,648 | -89.9% |
| Total equity and liabilities | 10/49 | €79,360 | €142,225 | +€62,864 | +79.2% |
| Equity | 10/15 | €72,108 | €94,671 | +€22,564 | +31.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,507 | €88,471 | +€15,964 | +22.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,647 | €86,611 | +€15,964 | +22.6% |
| Profit (loss) carried forward | 14 | -€6,599 | €0 | +€6,599 | |
| Amounts payable | 17/49 | €7,253 | €47,554 | +€40,301 | +556% |
| Amounts payable within one year | 42/48 | €7,253 | €47,554 | +€40,301 | +556% |
| Trade debts | 44 | €1,991 | €15,835 | +€13,844 | +695% |
| Suppliers | 440/4 | €1,991 | €15,835 | +€13,844 | +695% |
| Taxes, remuneration and social security | 45 | €3,645 | €29,780 | +€26,135 | +717% |
| Taxes | 450/3 | €3,645 | €29,780 | +€26,135 | +717% |
| Other amounts payable | 47/48 | €1,617 | €1,939 | +€321 | +19.9% |
| Non-recurring operating income | 76A | €5,817 | €0 | -€5,817 | -100% |
| Remuneration, social security and pensions | 62 | - | €68 | +€68 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,756 | €15,203 | +€7,447 | +96.0% |
| Other operating charges | 640/8 | €2,219 | €2,024 | -€195 | -8.8% |
| Gross operating margin | 9900 | €9,849 | €51,890 | +€42,041 | +427% |
| Operating profit (loss) | 9901 | -€126 | €34,596 | +€34,722 | |
| Financial income | 75/76B | €754 | €868 | +€114 | +15.1% |
| Recurring financial income | 75 | €754 | €868 | +€114 | +15.1% |
| Financial charges | 65/66B | €117 | €186 | +€68 | +58.4% |
| Recurring financial charges | 65 | €117 | €186 | +€68 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €511 | €35,278 | +€34,767 | +6,798% |
| Income taxes | 67/77 | €465 | €12,715 | +€12,249 | +2,632% |
| Profit (loss) for the period | 9904 | €46 | €22,564 | +€22,518 | +48,909% |
| Profit (loss) for the period to be appropriated | 9905 | €46 | €22,564 | +€22,518 | +48,909% |
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.