T@XMAN: 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@XMAN
Largest movements
- Current investments +€96,343
up €96,343 (+78.6%), from €122,565 to €218,909
- Cash -€56,818
down €56,818 (-32.9%), from €172,706 to €115,889
mainly Current investments (-€96,343) and Receivables within one year (-€29,818)
- Receivables within one year +€29,818
new in 2025: €29,818
- Tangible fixed assets -€17,397
down €17,397 (-20.3%), from €85,717 to €68,321
of which Land and buildings: -€13,748
- Reserves +€44,366
up €44,366 (+10.3%), from €431,134 to €475,500
of which Distributable reserves: +€44,366
- Other debts +€9,919
up €9,919 (+50.0%), from €19,856 to €29,774
- Current portion of long-term debt -€8,500
down €8,500 (-100%), from €8,500 to €0
- Tax, wage and social debts +€6,914
up €6,914 (+95.5%), from €7,240 to €14,155
- Financial income +€3,548
up €3,548 (+83.9%), from €4,230 to €7,778
- Taxes +€2,418
up €2,418 (+8.5%), from €28,406 to €30,824
- Depreciation -€1,480
down €1,480 (-7.8%), from €18,877 to €17,397
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 | €491,020 | €543,705 | +€52,686 | +10.7% |
| Fixed assets | 21/28 | €85,748 | €68,352 | -€17,397 | -20.3% |
| Tangible fixed assets | 22/27 | €85,717 | €68,321 | -€17,397 | -20.3% |
| Land and buildings | 22 | €75,195 | €61,447 | -€13,748 | -18.3% |
| Plant, machinery and equipment | 23 | €3,005 | €2,621 | -€384 | -12.8% |
| Furniture and vehicles | 24 | €7,518 | €4,253 | -€3,264 | -43.4% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €405,272 | €475,354 | +€70,082 | +17.3% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €110,000 | €110,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €29,818 | +€29,818 | |
| Other amounts receivable | 41 | - | €29,818 | +€29,818 | |
| Current investments | 50/53 | €122,565 | €218,909 | +€96,343 | +78.6% |
| Cash at bank and in hand | 54/58 | €172,706 | €115,889 | -€56,818 | -32.9% |
| Deferred charges and accrued income | 490/1 | €0 | €738 | +€738 | |
| Total equity and liabilities | 10/49 | €491,020 | €543,705 | +€52,686 | +10.7% |
| Equity | 10/15 | €449,734 | €494,100 | +€44,366 | +9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €431,134 | €475,500 | +€44,366 | +10.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €431,134 | €475,500 | +€44,366 | +10.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,286 | €49,605 | +€8,319 | +20.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €40,901 | €49,053 | +€8,151 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €8,500 | €0 | -€8,500 | -100% |
| Financial debts | 43 | €3,750 | €3,750 | = | 0.0% |
| Credit institutions | 430/8 | €3,750 | €3,750 | = | 0.0% |
| Trade debts | 44 | €1,555 | €1,374 | -€182 | -11.7% |
| Suppliers | 440/4 | €1,555 | €1,374 | -€182 | -11.7% |
| Taxes, remuneration and social security | 45 | €7,240 | €14,155 | +€6,914 | +95.5% |
| Taxes | 450/3 | €7,240 | €14,155 | +€6,914 | +95.5% |
| Other amounts payable | 47/48 | €19,856 | €29,774 | +€9,919 | +50.0% |
| Accrued charges and deferred income | 492/3 | €384 | €552 | +€168 | +43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,877 | €17,397 | -€1,480 | -7.8% |
| Other operating charges | 640/8 | €2,117 | €2,284 | +€167 | +7.9% |
| Gross operating margin | 9900 | €119,109 | €118,634 | -€475 | -0.4% |
| Operating profit (loss) | 9901 | €98,115 | €98,953 | +€838 | +0.9% |
| Financial income | 75/76B | €4,230 | €7,778 | +€3,548 | +83.9% |
| Recurring financial income | 75 | €4,230 | €7,778 | +€3,548 | +83.9% |
| Financial charges | 65/66B | €2,472 | €1,767 | -€706 | -28.6% |
| Recurring financial charges | 65 | €2,472 | €1,767 | -€706 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €99,872 | €104,964 | +€5,092 | +5.1% |
| Income taxes | 67/77 | €28,406 | €30,824 | +€2,418 | +8.5% |
| Profit (loss) for the period | 9904 | €71,466 | €74,141 | +€2,674 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,466 | €74,141 | +€2,674 | +3.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.