TABAK EXPRESS: what changed
Two fiscal 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.
TABAK EXPRESS
Largest movements
- Receivables within one year -€103,593
down €103,593 (-15.2%), from €683,764 to €580,171
of which Trade receivables: -€107,593
- Tangible fixed assets -€68,476
down €68,476 (-26.6%), from €257,415 to €188,939
of which Furniture and vehicles: -€34,546
- Cash +€63,257
up €63,257 (+219.9%), from €28,770 to €92,028
mainly Net result for the year (+€113,122) and Receivables within one year (+€103,593)
- Stocks and contracts -€37,720
down €37,720 (-14.1%), from €267,331 to €229,611
- Trade debts -€239,900
down €239,900 (-90.4%), from €265,242 to €25,342
- Reserves +€78,456
up €78,456 (+17.6%), from €446,209 to €524,665
of which Distributable reserves: +€78,456
- Other debts +€42,974
up €42,974 (+10.7%), from €403,140 to €446,114
- Tax, wage and social debts -€17,030
down €17,030 (-15.2%), from €111,694 to €94,664
of which Remuneration and social security: -€11,533
- Gross operating margin -€175,218
down €175,218 (-24.1%), from €727,593 to €552,376
- Write-downs -€96,690
down €96,690 (-67.6%), from €143,003 to €46,314
- Staff costs -€83,690
down €83,690 (-24.8%), from €337,541 to €253,851
- Financial charges +€10,068
up €10,068 (+44.0%), from €22,880 to €32,948
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,252,777 | €1,108,152 | -€144,625 | -11.5% |
| Fixed assets | 21/28 | €270,787 | €202,311 | -€68,476 | -25.3% |
| Tangible fixed assets | 22/27 | €257,415 | €188,939 | -€68,476 | -26.6% |
| Land and buildings | 22 | €27,307 | €24,022 | -€3,286 | -12.0% |
| Plant, machinery and equipment | 23 | €112,250 | €81,605 | -€30,645 | -27.3% |
| Furniture and vehicles | 24 | €117,858 | €83,312 | -€34,546 | -29.3% |
| Financial fixed assets | 28 | €13,372 | €13,372 | = | 0.0% |
| Current assets | 29/58 | €981,990 | €905,841 | -€76,149 | -7.8% |
| Stocks and contracts in progress | 3 | €267,331 | €229,611 | -€37,720 | -14.1% |
| Stocks | 30/36 | €267,331 | €229,611 | -€37,720 | -14.1% |
| Amounts receivable within one year | 40/41 | €683,764 | €580,171 | -€103,593 | -15.2% |
| Trade receivables | 40 | €639,545 | €531,953 | -€107,593 | -16.8% |
| Other amounts receivable | 41 | €44,219 | €48,219 | +€4,000 | +9.0% |
| Cash at bank and in hand | 54/58 | €28,770 | €92,028 | +€63,257 | +219.9% |
| Deferred charges and accrued income | 490/1 | €2,124 | €4,031 | +€1,907 | +89.8% |
| Total equity and liabilities | 10/49 | €1,252,777 | €1,108,152 | -€144,625 | -11.5% |
| Equity | 10/15 | €452,409 | €530,865 | +€78,456 | +17.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €446,209 | €524,665 | +€78,456 | +17.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €444,349 | €522,805 | +€78,456 | +17.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €800,368 | €577,287 | -€223,080 | -27.9% |
| Amounts payable after more than one year | 17 | €9,124 | €0 | -€9,124 | -100.0% |
| Financial debts | 170/4 | €9,124 | €0 | -€9,124 | -100.0% |
| Amounts payable within one year | 42/48 | €789,201 | €575,245 | -€213,956 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €9,124 | €9,124 | +€0 | 0.0% |
| Trade debts | 44 | €265,242 | €25,342 | -€239,900 | -90.4% |
| Suppliers | 440/4 | €265,242 | €25,342 | -€239,900 | -90.4% |
| Taxes, remuneration and social security | 45 | €111,694 | €94,664 | -€17,030 | -15.2% |
| Taxes | 450/3 | €63,623 | €58,126 | -€5,497 | -8.6% |
| Remuneration and social security | 454/9 | €48,071 | €36,538 | -€11,533 | -24.0% |
| Other amounts payable | 47/48 | €403,140 | €446,114 | +€42,974 | +10.7% |
| Accrued charges and deferred income | 492/3 | €2,042 | €2,042 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €337,541 | €253,851 | -€83,690 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,853 | €69,442 | +€4,589 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €143,003 | €46,314 | -€96,690 | -67.6% |
| Other operating charges | 640/8 | €9,102 | €11,799 | +€2,697 | +29.6% |
| Gross operating margin | 9900 | €727,593 | €552,376 | -€175,218 | -24.1% |
| Operating profit (loss) | 9901 | €173,094 | €170,970 | -€2,124 | -1.2% |
| Financial income | 75/76B | €1,847 | €168 | -€1,679 | -90.9% |
| Recurring financial income | 75 | €1,847 | €168 | -€1,679 | -90.9% |
| Financial charges | 65/66B | €22,880 | €32,948 | +€10,068 | +44.0% |
| Recurring financial charges | 65 | €22,880 | €32,948 | +€10,068 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €152,061 | €138,190 | -€13,871 | -9.1% |
| Income taxes | 67/77 | €26,186 | €25,068 | -€1,118 | -4.3% |
| Profit (loss) for the period | 9904 | €125,875 | €113,122 | -€12,753 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,875 | €113,122 | -€12,753 | -10.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.