TA-CT: 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.
TA-CT
Largest movements
- Cash +€20,318
up €20,318 (+86.6%), from €23,471 to €43,789
mainly Net result for the year (+€11,015) and Receivables within one year (+€9,968)
- Receivables within one year -€9,968
no longer reported in 2025 (was €9,968)
of which Trade receivables: -€9,825
- Stocks and contracts +€4,678
up €4,678 (+10.2%), from €45,671 to €50,349
- Profit (loss) carried forward +€11,015
up €11,015 (+59.4%), from -€18,540 to -€7,525
- Tax, wage and social debts +€4,177
up €4,177 (+11574.6%), from €36 to €4,213
- Trade debts -€1,394
down €1,394 (-5.3%), from €26,381 to €24,988
- Advances received +€1,082
new in 2025: €1,082
- Gross operating margin +€8,814
up €8,814 (+119.4%), from €7,385 to €16,199
- Taxes +€3,974
up €3,974 (+11010.7%), from €36 to €4,010
- Depreciation -€795
no longer reported in 2025 (was €795)
- Financial charges +€327
up €327 (+73.1%), from €447 to €774
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.
Cash bridge derived
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 | €79,109 | €94,138 | +€15,029 | +19.0% |
| Current assets | 29/58 | €79,109 | €94,138 | +€15,029 | +19.0% |
| Stocks and contracts in progress | 3 | €45,671 | €50,349 | +€4,678 | +10.2% |
| Stocks | 30/36 | €45,671 | €50,349 | +€4,678 | +10.2% |
| Amounts receivable within one year | 40/41 | €9,968 | - | -€9,968 | |
| Trade receivables | 40 | €9,825 | - | -€9,825 | |
| Other amounts receivable | 41 | €143 | - | -€143 | |
| Cash at bank and in hand | 54/58 | €23,471 | €43,789 | +€20,318 | +86.6% |
| Total equity and liabilities | 10/49 | €79,109 | €94,138 | +€15,029 | +19.0% |
| Equity | 10/15 | €1,460 | €12,475 | +€11,015 | +754.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,540 | -€7,525 | +€11,015 | +59.4% |
| Amounts payable | 17/49 | €77,650 | €81,663 | +€4,013 | +5.2% |
| Amounts payable within one year | 42/48 | €77,650 | €81,663 | +€4,013 | +5.2% |
| Financial debts | 43 | €128 | €230 | +€102 | +80.1% |
| Credit institutions | 430/8 | €128 | €230 | +€102 | +80.1% |
| Trade debts | 44 | €26,381 | €24,988 | -€1,394 | -5.3% |
| Suppliers | 440/4 | €26,381 | €24,988 | -€1,394 | -5.3% |
| Advances received on contracts in progress | 46 | - | €1,082 | +€1,082 | |
| Taxes, remuneration and social security | 45 | €36 | €4,213 | +€4,177 | +11574.6% |
| Taxes | 450/3 | €36 | €4,213 | +€4,177 | +11574.6% |
| Other amounts payable | 47/48 | €51,105 | €51,151 | +€46 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €795 | - | -€795 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €7,385 | €16,199 | +€8,814 | +119.4% |
| Operating profit (loss) | 9901 | €6,202 | €15,799 | +€9,597 | +154.7% |
| Financial charges | 65/66B | €447 | €774 | +€327 | +73.1% |
| Recurring financial charges | 65 | €447 | €774 | +€327 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | €5,755 | €15,025 | +€9,270 | +161.1% |
| Income taxes | 67/77 | €36 | €4,010 | +€3,974 | +11010.7% |
| Profit (loss) for the period | 9904 | €5,719 | €11,015 | +€5,296 | +92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,719 | €11,015 | +€5,296 | +92.6% |
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 12 October 2026 via checked.be.