TAAJ: 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.
TAAJ
Largest movements
- Tangible fixed assets -€42,373
down €42,373 (-16.5%), from €256,883 to €214,510
of which Plant, machinery and equipment: -€31,193
- Receivables within one year -€16,814
down €16,814 (-11.6%), from €145,185 to €128,371
of which Other amounts receivable: -€25,392
- Profit (loss) carried forward +€74,486
up €74,486 (+27.2%), from €273,708 to €348,194
- Other debts -€69,595
down €69,595 (-17.4%), from €399,866 to €330,271
- Trade debts -€59,664
down €59,664 (-20.2%), from €295,348 to €235,684
- Gross operating margin +€75,827
up €75,827 (+26.6%), from €285,034 to €360,861
- Taxes +€36,922
up €36,922 (+4,090%), from €903 to €37,824
- Staff costs +€16,028
up €16,028 (+9.0%), from €177,520 to €193,548
- Depreciation +€10,836
up €10,836 (+34.1%), from €31,788 to €42,623
- Other operating charges -€7,584
down €7,584 (-69.5%), from €10,908 to €3,323
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 | €1,074,596 | €1,021,663 | -€52,933 | -4.9% |
| Fixed assets | 21/28 | €256,883 | €214,510 | -€42,373 | -16.5% |
| Tangible fixed assets | 22/27 | €256,883 | €214,510 | -€42,373 | -16.5% |
| Plant, machinery and equipment | 23 | €230,036 | €198,843 | -€31,193 | -13.6% |
| Furniture and vehicles | 24 | €13,405 | €3,978 | -€9,428 | -70.3% |
| Other tangible fixed assets | 26 | €13,442 | €11,690 | -€1,752 | -13.0% |
| Current assets | 29/58 | €817,713 | €807,153 | -€10,560 | -1.3% |
| Amounts receivable after more than one year | 29 | €343,075 | €343,075 | = | 0.0% |
| Other amounts receivable | 291 | €343,075 | €343,075 | = | 0.0% |
| Stocks and contracts in progress | 3 | €32,589 | €32,585 | -€4 | 0.0% |
| Stocks | 30/36 | €32,589 | €32,585 | -€4 | 0.0% |
| Amounts receivable within one year | 40/41 | €145,185 | €128,371 | -€16,814 | -11.6% |
| Trade receivables | 40 | €108,295 | €116,873 | +€8,578 | +7.9% |
| Other amounts receivable | 41 | €36,891 | €11,499 | -€25,392 | -68.8% |
| Cash at bank and in hand | 54/58 | €289,897 | €296,452 | +€6,556 | +2.3% |
| Deferred charges and accrued income | 490/1 | €6,967 | €6,670 | -€297 | -4.3% |
| Total equity and liabilities | 10/49 | €1,074,596 | €1,021,663 | -€52,933 | -4.9% |
| Equity | 10/15 | €298,301 | €372,787 | +€74,486 | +25.0% |
| Contributions | 10/11 | €22,571 | €22,571 | = | 0.0% |
| Reserves | 13 | €2,022 | €2,022 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,022 | €2,022 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,022 | €2,022 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,708 | €348,194 | +€74,486 | +27.2% |
| Amounts payable | 17/49 | €776,295 | €648,876 | -€127,419 | -16.4% |
| Amounts payable within one year | 42/48 | €776,295 | €648,876 | -€127,419 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €5,562 | €5,612 | +€50 | +0.9% |
| Trade debts | 44 | €295,348 | €235,684 | -€59,664 | -20.2% |
| Suppliers | 440/4 | €295,348 | €235,684 | -€59,664 | -20.2% |
| Taxes, remuneration and social security | 45 | €75,518 | €77,308 | +€1,790 | +2.4% |
| Taxes | 450/3 | €5,558 | €26,288 | +€20,730 | +373% |
| Remuneration and social security | 454/9 | €69,960 | €51,020 | -€18,940 | -27.1% |
| Other amounts payable | 47/48 | €399,866 | €330,271 | -€69,595 | -17.4% |
| Remuneration, social security and pensions | 62 | €177,520 | €193,548 | +€16,028 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,788 | €42,623 | +€10,836 | +34.1% |
| Other operating charges | 640/8 | €10,908 | €3,323 | -€7,584 | -69.5% |
| Gross operating margin | 9900 | €285,034 | €360,861 | +€75,827 | +26.6% |
| Operating profit (loss) | 9901 | €64,819 | €121,366 | +€56,547 | +87.2% |
| Financial charges | 65/66B | €5,821 | €9,055 | +€3,234 | +55.6% |
| Recurring financial charges | 65 | €5,821 | €9,055 | +€3,234 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €58,998 | €112,311 | +€53,313 | +90.4% |
| Income taxes | 67/77 | €903 | €37,824 | +€36,922 | +4,090% |
| Profit (loss) for the period | 9904 | €58,095 | €74,486 | +€16,391 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,095 | €74,486 | +€16,391 | +28.2% |
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 13 October 2026 via checked.be.