T-TAX: 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-TAX
Largest movements
- Receivables within one year +€36,832
up €36,832 (+54,221%), from €68 to €36,900
of which Trade receivables: +€36,900
- Tangible fixed assets -€20,821
down €20,821 (-59.6%), from €34,960 to €14,139
of which Furniture and vehicles: -€22,758
- Cash -€2,381
down €2,381 (-42.0%), from €5,675 to €3,293
mainly Receivables within one year (-€36,832) and Contributions, distributions and other (-€1,400)
- Tax, wage and social debts +€4,585
up €4,585 (+166%), from €2,755 to €7,340
of which Taxes: +€2,313
- Profit (loss) carried forward +€3,653
up €3,653 (+29.8%), from €12,278 to €15,931
- Other debts +€3,575
up €3,575 (+50.6%), from €7,070 to €10,645
- Trade debts +€1,815
new in 2025: €1,815
- Staff costs +€31,455
new in 2025: €31,455
- Gross operating margin +€23,324
up €23,324 (+118%), from €19,816 to €43,140
- Taxes +€1,500
new in 2025: €1,500
- Depreciation -€1,425
down €1,425 (-24.1%), from €5,906 to €4,481
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 | €40,702 | €54,332 | +€13,630 | +33.5% |
| Fixed assets | 21/28 | €34,960 | €14,139 | -€20,821 | -59.6% |
| Tangible fixed assets | 22/27 | €34,960 | €14,139 | -€20,821 | -59.6% |
| Plant, machinery and equipment | 23 | €1,640 | €3,577 | +€1,937 | +118% |
| Furniture and vehicles | 24 | €33,319 | €10,561 | -€22,758 | -68.3% |
| Current assets | 29/58 | €5,743 | €40,193 | +€34,451 | +600% |
| Amounts receivable within one year | 40/41 | €68 | €36,900 | +€36,832 | +54,221% |
| Trade receivables | 40 | - | €36,900 | +€36,900 | |
| Other amounts receivable | 41 | €68 | - | -€68 | |
| Cash at bank and in hand | 54/58 | €5,675 | €3,293 | -€2,381 | -42.0% |
| Total equity and liabilities | 10/49 | €40,702 | €54,332 | +€13,630 | +33.5% |
| Equity | 10/15 | €30,878 | €34,531 | +€3,653 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | €12,278 | €15,931 | +€3,653 | +29.8% |
| Amounts payable | 17/49 | €9,825 | €19,801 | +€9,976 | +102% |
| Amounts payable within one year | 42/48 | €9,825 | €19,801 | +€9,976 | +102% |
| Trade debts | 44 | - | €1,815 | +€1,815 | |
| Suppliers | 440/4 | - | €1,815 | +€1,815 | |
| Taxes, remuneration and social security | 45 | €2,755 | €7,340 | +€4,585 | +166% |
| Taxes | 450/3 | - | €2,313 | +€2,313 | |
| Remuneration and social security | 454/9 | €2,755 | €5,028 | +€2,273 | +82.5% |
| Other amounts payable | 47/48 | €7,070 | €10,645 | +€3,575 | +50.6% |
| Remuneration, social security and pensions | 62 | - | €31,455 | +€31,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,906 | €4,481 | -€1,425 | -24.1% |
| Other operating charges | 640/8 | €141 | €548 | +€408 | +290% |
| Gross operating margin | 9900 | €19,816 | €43,140 | +€23,324 | +118% |
| Operating profit (loss) | 9901 | €13,770 | €6,656 | -€7,114 | -51.7% |
| Financial charges | 65/66B | €159 | €102 | -€57 | -35.8% |
| Recurring financial charges | 65 | €159 | €102 | -€57 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €13,610 | €6,553 | -€7,057 | -51.8% |
| Income taxes | 67/77 | - | €1,500 | +€1,500 | |
| Profit (loss) for the period | 9904 | €13,610 | €5,053 | -€8,557 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,610 | €5,053 | -€8,557 | -62.9% |
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 29 October 2026 via checked.be.