TAAA Management: 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.
TAAA Management
Largest movements
- Receivables after one year -€90,000
no longer reported in 2025 (was €90,000)
- Cash +€82,655
up €82,655 (+600.0%), from €13,775 to €96,430
mainly Receivables after one year (+€90,000) and Depreciation (+€23,925)
- Tangible fixed assets +€42,945
up €42,945 (+8.0%), from €538,897 to €581,842
of which Furniture and vehicles: +€52,470
- Receivables within one year +€19,681
up €19,681 (+209.7%), from €9,387 to €29,068
of which Trade receivables: +€16,038
- Other debts +€20,337
up €20,337 (+7.5%), from €269,462 to €289,799
- Profit (loss) carried forward +€17,910
up €17,910 (+7.6%), from €234,225 to €252,135
- Current portion of long-term debt +€12,607
up €12,607 (+51.3%), from €24,577 to €37,185
- Gross operating margin +€17,962
up €17,962 (+28.7%), from €62,644 to €80,606
- Depreciation +€8,567
up €8,567 (+55.8%), from €15,358 to €23,925
- Financial charges -€7,203
down €7,203 (-22.9%), from €31,442 to €24,239
- Other operating charges +€4,979
up €4,979 (+277.6%), from €1,793 to €6,773
- Taxes +€2,395
up €2,395 (+52.8%), from €4,536 to €6,931
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 | €784,166 | €839,858 | +€55,692 | +7.1% |
| Fixed assets | 21/28 | €668,897 | €711,842 | +€42,945 | +6.4% |
| Tangible fixed assets | 22/27 | €538,897 | €581,842 | +€42,945 | +8.0% |
| Land and buildings | 22 | €523,784 | €511,001 | -€12,783 | -2.4% |
| Plant, machinery and equipment | 23 | €6,448 | €7,785 | +€1,337 | +20.7% |
| Furniture and vehicles | 24 | €8,665 | €61,135 | +€52,470 | +605.5% |
| Other tangible fixed assets | 26 | - | €1,921 | +€1,921 | |
| Financial fixed assets | 28 | €130,000 | €130,000 | = | 0.0% |
| Current assets | 29/58 | €115,269 | €128,016 | +€12,747 | +11.1% |
| Amounts receivable after more than one year | 29 | €90,000 | - | -€90,000 | |
| Other amounts receivable | 291 | €90,000 | - | -€90,000 | |
| Amounts receivable within one year | 40/41 | €9,387 | €29,068 | +€19,681 | +209.7% |
| Trade receivables | 40 | €3,364 | €19,403 | +€16,038 | +476.7% |
| Other amounts receivable | 41 | €6,022 | €9,665 | +€3,643 | +60.5% |
| Cash at bank and in hand | 54/58 | €13,775 | €96,430 | +€82,655 | +600.0% |
| Deferred charges and accrued income | 490/1 | €2,107 | €2,518 | +€411 | +19.5% |
| Total equity and liabilities | 10/49 | €784,166 | €839,858 | +€55,692 | +7.1% |
| Equity | 10/15 | €242,285 | €260,195 | +€17,910 | +7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,225 | €252,135 | +€17,910 | +7.6% |
| Amounts payable | 17/49 | €541,881 | €579,663 | +€37,782 | +7.0% |
| Amounts payable after more than one year | 17 | €230,136 | €238,128 | +€7,992 | +3.5% |
| Financial debts | 170/4 | €230,136 | €238,128 | +€7,992 | +3.5% |
| Amounts payable within one year | 42/48 | €311,668 | €339,413 | +€27,745 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €24,577 | €37,185 | +€12,607 | +51.3% |
| Financial debts | 43 | €244 | €319 | +€75 | +30.9% |
| Credit institutions | 430/8 | €244 | €319 | +€75 | +30.9% |
| Trade debts | 44 | €4,251 | €4,932 | +€681 | +16.0% |
| Suppliers | 440/4 | €4,251 | €4,932 | +€681 | +16.0% |
| Taxes, remuneration and social security | 45 | €13,134 | €7,179 | -€5,955 | -45.3% |
| Taxes | 450/3 | €10,783 | €4,949 | -€5,834 | -54.1% |
| Remuneration and social security | 454/9 | €2,351 | €2,229 | -€121 | -5.2% |
| Other amounts payable | 47/48 | €269,462 | €289,799 | +€20,337 | +7.5% |
| Accrued charges and deferred income | 492/3 | €77 | €2,122 | +€2,045 | +2666.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,358 | €23,925 | +€8,567 | +55.8% |
| Other operating charges | 640/8 | €1,793 | €6,773 | +€4,979 | +277.6% |
| Gross operating margin | 9900 | €62,644 | €80,606 | +€17,962 | +28.7% |
| Operating profit (loss) | 9901 | €45,493 | €49,909 | +€4,416 | +9.7% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €31,442 | €24,239 | -€7,203 | -22.9% |
| Recurring financial charges | 65 | €31,442 | €24,239 | -€7,203 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €14,051 | €25,674 | +€11,624 | +82.7% |
| Income taxes | 67/77 | €4,536 | €6,931 | +€2,395 | +52.8% |
| Profit (loss) for the period | 9904 | €9,514 | €18,743 | +€9,229 | +97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,514 | €18,743 | +€9,229 | +97.0% |
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 9 October 2026 via checked.be.